IBM CREDIT LLC Financial Statements (2024 and earlier)
Company Profile
| Business Address |
1 NORTH CASTLE DRIVE ARMONK, NY 10504 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6159 - Miscellaneous business Credit Institutions (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)Annual | Quarterly
| 12/31/2020 Q4 | 9/30/2020 Q3 | 6/30/2020 Q2 | 3/31/2020 Q1 | 12/31/2019 Q4 | 9/30/2019 Q3 | 6/30/2019 Q2 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Prepaid expense | 94,000 | ||||||||
| Total current assets: | 94,000 | ||||||||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 130,000 | 154,000 | 177,000 | 212,000 | 243,000 | 295,000 | |||
| Deferred income tax assets | 142,000 | ||||||||
| Total noncurrent assets: | 130,000 | 154,000 | 177,000 | 354,000 | 243,000 | 295,000 | |||
| Other undisclosed assets | 23,496,000 | 25,235,000 | 25,523,000 | 27,964,000 | 25,973,000 | 29,200,000 | |||
| TOTAL ASSETS: | 23,626,000 | 25,389,000 | 25,700,000 | 28,412,000 | 26,216,000 | 29,495,000 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Debt | 6,012,000 | 6,184,000 | 6,480,000 | 8,827,000 | 6,908,000 | 6,796,000 | |||
| Total current liabilities: | 6,012,000 | 6,184,000 | 6,480,000 | 8,827,000 | 6,908,000 | 6,796,000 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 14,281,000 | 14,682,000 | 14,956,000 | 15,268,000 | 15,430,000 | 17,443,000 | |||
| Long-term debt, excluding current maturities | 14,281,000 | 14,682,000 | 14,956,000 | 15,268,000 | 15,430,000 | 17,443,000 | |||
| Total noncurrent liabilities: | 14,281,000 | 14,682,000 | 14,956,000 | 15,268,000 | 15,430,000 | 17,443,000 | |||
| Other undisclosed liabilities | 1,060,000 | 2,180,000 | 1,819,000 | 1,631,000 | 1,378,000 | 2,532,000 | |||
| Total liabilities: | 21,353,000 | 23,046,000 | 23,255,000 | 25,726,000 | 23,716,000 | 26,771,000 | |||
| Equity | |||||||||
| Equity, attributable to parent | (83,000) | (153,000) | (156,000) | 85,000 | (101,000) | (8,000) | |||
| Accumulated other comprehensive income (loss) | (83,000) | (153,000) | (204,000) | (31,000) | (101,000) | (8,000) | |||
| Retained earnings | 48,000 | 116,000 | |||||||
| Other undisclosed equity | 2,356,000 | 2,496,000 | 2,601,000 | 2,601,000 | 2,601,000 | 2,732,000 | |||
| Total equity: | 2,273,000 | 2,343,000 | 2,445,000 | 2,686,000 | 2,500,000 | 2,724,000 | |||
| TOTAL LIABILITIES AND EQUITY: | 23,626,000 | 25,389,000 | 25,700,000 | 28,412,000 | 26,216,000 | 29,495,000 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 12/31/2020 Q4 | 9/30/2020 Q3 | 6/30/2020 Q2 | 3/31/2020 Q1 | 12/31/2019 Q4 | 9/30/2019 Q3 | 6/30/2019 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 266,000 | 279,000 | 337,000 | 335,000 | 372,000 | 410,000 | ||
| Cost of revenue (Provision for Loan, Lease, and Other Losses) | (4,000) | (27,000) | (19,000) | |||||
| Other undisclosed gross profit | (88,000) | (75,000) | (117,000) | (141,000) | (160,000) | (180,000) | ||
| Gross profit: | 174,000 | 177,000 | 201,000 | 194,000 | 212,000 | 230,000 | ||
| Operating expenses | (80,000) | (77,000) | (74,000) | (91,000) | (87,000) | (97,000) | ||
| Operating income: | 94,000 | 100,000 | 127,000 | 103,000 | 125,000 | 133,000 | ||
| Interest and debt expense | (61,000) | (72,000) | (94,000) | (310,000) | (58,000) | (58,000) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | 33,000 | 28,000 | 33,000 | (207,000) | 67,000 | 75,000 | ||
| Other undisclosed income from continuing operations before income taxes | 74,000 | 76,000 | 95,000 | 366,000 | 64,000 | 61,000 | ||
| Income from continuing operations before income taxes: | 107,000 | 104,000 | 128,000 | 159,000 | 131,000 | 136,000 | ||
| Income tax expense (benefit) | (21,000) | (15,000) | 13,000 | 7,000 | (22,000) | (23,000) | ||
| Income from continuing operations: | 86,000 | 89,000 | 141,000 | 166,000 | 109,000 | 113,000 | ||
| Income before gain (loss) on sale of properties: | 86,000 | 89,000 | 141,000 | 166,000 | 109,000 | 113,000 | ||
| Net income: | 86,000 | 89,000 | 141,000 | 166,000 | 109,000 | 113,000 | ||
| Other undisclosed net income (loss) attributable to parent | (1,000) | (1,000) | ||||||
| Net income available to common stockholders, diluted: | 85,000 | 89,000 | 141,000 | 165,000 | 109,000 | 113,000 | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 12/31/2020 Q4 | 9/30/2020 Q3 | 6/30/2020 Q2 | 3/31/2020 Q1 | 12/31/2019 Q4 | 9/30/2019 Q3 | 6/30/2019 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 86,000 | 89,000 | 141,000 | 166,000 | 109,000 | 113,000 | ||
| Comprehensive income: | 86,000 | 89,000 | 141,000 | 166,000 | 109,000 | 113,000 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 69,000 | 52,000 | (172,000) | 69,000 | (93,000) | 19,000 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 155,000 | 141,000 | (31,000) | 235,000 | 16,000 | 132,000 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.