International Business Machines Corporation (IBM) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
1 NEW ORCHARD ROAD ARMONK, NY 10504 |
| State of Incorp. | NY |
| Fiscal Year End | December 31 |
| Industry (SIC) | 357 - Computer And Office Equipment (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)Annual | Quarterly
| 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 7,257 | 9,394 | 9,337 | 7,886 | 7,816 | 7,034 | |||
| Cash and cash equivalents | 7,257 | 9,394 | 9,337 | 7,886 | 7,816 | 7,034 | |||
| Receivables | 6,039 | 6,368 | 12,626 | 14,209 | 6,289 | 6,626 | |||
| Inventory, net of allowances, customer advances and progress billings | 1,399 | 1,501 | 1,603 | 1,552 | 1,794 | 1,684 | |||
| Inventory | 1,399 | 1,501 | 1,603 | 1,552 | 1,794 | 1,684 | |||
| Contract with customer, asset, after allowance for credit loss | 454 | 447 | 461 | 464 | 522 | 531 | |||
| Capitalized contract cost | 931 | 957 | 1,055 | 967 | 921 | 1,010 | |||
| Asset, held-for-sale, not part of disposal group | 593 | 865 | 605 | 939 | 395 | 614 | |||
| Other undisclosed current assets | 11,032 | 14,926 | 10,295 | 3,101 | 11,262 | 10,397 | |||
| Total current assets: | 27,705 | 34,458 | 35,982 | 29,118 | 28,999 | 27,896 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 223 | ||||||||
| Operating lease, right-of-use asset | 3,112 | 2,653 | 2,789 | 2,878 | 2,740 | 2,848 | |||
| Property, plant and equipment | 5,369 | 5,443 | 5,344 | 5,334 | 5,150 | 5,275 | |||
| Long-term investments and receivables | 4,789 | 5,221 | 5,065 | 5,948 | 4,781 | 5,316 | |||
| Long-term investments | 142 | ||||||||
| Accounts and financing receivable, after allowance for credit loss | 4,789 | 5,221 | 5,065 | 5,806 | 4,781 | 5,316 | |||
| Intangible assets, net (including goodwill) | 70,874 | 66,881 | 67,098 | 67,133 | 65,185 | 66,610 | |||
| Goodwill | 59,596 | 56,385 | 56,193 | 55,949 | 54,218 | 55,039 | |||
| Intangible assets, net (excluding goodwill) | 11,278 | 10,496 | 10,905 | 11,184 | 10,967 | 11,571 | |||
| Capitalized contract cost, net | 822 | 897 | 846 | 866 | 818 | 865 | |||
| Deferred income tax assets | 6,168 | 6,340 | 6,419 | 6,256 | 6,868 | 7,073 | |||
| Other undisclosed noncurrent assets | 10,482 | 10,320 | 10,094 | 9,487 | 11,309 | 11,620 | |||
| Total noncurrent assets: | 101,616 | 97,755 | 97,655 | 98,125 | 96,851 | 99,607 | |||
| TOTAL ASSETS: | 129,321 | 132,213 | 133,637 | 127,243 | 125,850 | 127,503 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 8,158 | 8,523 | 8,150 | 9,728 | 13,878 | 13,845 | |||
| Taxes payable | ✕ | ✕ | ✕ | ✕ | ✕ | 1,667 | 1,742 | ||
| Employee-related liabilities | ✕ | ✕ | ✕ | ✕ | ✕ | 3,369 | 3,327 | ||
| Accounts payable | 3,342 | 3,732 | 3,728 | 4,051 | 3,806 | 3,707 | |||
| Accrued liabilities | 4,816 | 4,791 | 4,422 | 5,677 | 5,036 | 5,069 | |||
| Deferred revenue | 11,917 | 12,712 | 13,220 | 12,032 | 11,139 | 12,522 | |||
| Debt | 6,414 | 6,785 | 4,887 | 4,760 | 5,937 | 5,981 | |||
| Other undisclosed current liabilities | 4,117 | 4,493 | 4,736 | 4,985 | (488) | (504) | |||
| Total current liabilities: | 30,606 | 32,513 | 30,993 | 31,505 | 30,466 | 31,844 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 48,828 | 50,691 | 53,826 | 46,189 | 44,942 | 44,328 | |||
| Long-term debt, excluding current maturities | 48,828 | 50,691 | 53,826 | 46,189 | 44,942 | 44,328 | |||
| Finance lease, liability | 164 | ||||||||
| Other undisclosed long-term debt and lease obligation | (164) | (2,103) | (2,182) | ||||||
| Liabilities, other than long-term debt | 26,732 | 26,738 | 27,145 | 27,528 | 28,191 | 29,673 | |||
| Deferred revenue | 3,085 | 3,264 | 3,443 | 3,499 | 3,018 | 3,069 | |||
| Liability, pension and other postretirement and postemployment benefits | 9,090 | 9,385 | 9,509 | 9,596 | 11,760 | 13,118 | |||
| Other liabilities | 12,081 | 12,103 | 12,099 | 12,243 | 13,413 | 13,486 | |||
| Operating lease, liability | 2,476 | 1,986 | 2,094 | 2,190 | 2,103 | 2,182 | |||
| Other undisclosed noncurrent liabilities | (1) | 2,104 | 2,181 | ||||||
| Total noncurrent liabilities: | 75,559 | 77,429 | 80,971 | 73,717 | 75,237 | 76,182 | |||
| Total liabilities: | 106,165 | 109,942 | 111,964 | 105,222 | 105,703 | 108,026 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 23,081 | 22,201 | 21,604 | 21,944 | 20,076 | 19,409 | |||
| Treasury stock, value | (169,640) | (169,581) | (169,544) | (169,484) | (169,514) | (169,522) | |||
| Accumulated other comprehensive loss | (16,098) | (16,499) | (16,780) | (16,740) | (17,138) | (22,169) | |||
| Retained earnings | 149,506 | 149,318 | 149,253 | 149,825 | 148,611 | 153,298 | |||
| Other undisclosed equity, attributable to parent | 59,313 | 58,963 | 58,675 | 58,343 | 58,117 | 57,802 | |||
| Equity, attributable to noncontrolling interest | 75 | 70 | 68 | 77 | 71 | 67 | |||
| Total equity: | 23,156 | 22,271 | 21,672 | 22,021 | 20,147 | 19,476 | |||
| Other undisclosed liabilities and equity | 1 | 1 | |||||||
| TOTAL LIABILITIES AND EQUITY: | 129,321 | 132,213 | 133,637 | 127,243 | 125,850 | 127,503 | |||
Income Statement (P&L) ($ in millions)Annual | Quarterly
| 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 14,752 | 15,475 | 14,252 | 16,690 | 14,107 | 15,535 | ||
| Cost of revenue | (6,729) | (6,974) | (6,743) | (7,058) | (6,677) | (7,246) | ||
| Other undisclosed gross profit | 1 | |||||||
| Gross profit: | 8,023 | 8,501 | 7,509 | 9,632 | 7,430 | 8,290 | ||
| Operating expenses | (6,143) | (6,587) | (6,508) | (6,370) | (6,002) | (6,528) | ||
| Operating income: | 1,880 | 1,914 | 1,001 | 3,262 | 1,428 | 1,762 | ||
| Nonoperating income (expense) | 357 | 205 | (66) | |||||
| Gain (loss), foreign currency transaction, before tax | 260 | 166 | (88) | |||||
| Other nonoperating income | 97 | 39 | 22 | |||||
| Interest and debt expense | (412) | (423) | (367) | (313) | (295) | (297) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 1,086 | |||||||
| Income from continuing operations before equity method investments, income taxes: | 1,825 | 1,696 | 568 | 4,035 | 1,133 | 1,465 | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 48 | 304 | 490 | (723) | (5,634) | 257 | ||
| Income (loss) from continuing operations before income taxes: | 1,873 | 2,000 | 1,058 | 3,312 | (4,501) | 1,722 | ||
| Income tax expense (benefit) | (159) | (419) | (124) | (444) | 1,287 | (257) | ||
| Income (loss) from continuing operations: | 1,714 | 1,581 | 934 | 2,868 | (3,214) | 1,465 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | ✕ | (3,214) | 1,465 | |
| Other undisclosed net income (loss) | (7) | (158) | 18 | (73) | ||||
| Net income (loss): | 1,714 | 1,581 | 927 | 2,710 | (3,196) | 1,392 | ||
| Other undisclosed net income (loss) attributable to parent | (10) | 2 | ||||||
| Net income (loss) available to common stockholders, diluted: | 1,704 | 1,583 | 927 | 2,710 | (3,196) | 1,392 | ||
Comprehensive Income ($ in millions)Annual | Quarterly
| 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 1,714 | 1,581 | 927 | 2,710 | (3,196) | 1,392 | ||
| Other comprehensive income (loss) | 230 | 134 | (40) | 398 | 5,030 | 363 | ||
| Other undisclosed comprehensive income | 1 | 1 | ||||||
| Comprehensive income: | 1,944 | 1,715 | 888 | 3,109 | 1,834 | 1,755 | ||
| Other undisclosed comprehensive income, net of tax, attributable to parent | 161 | 148 | ||||||
| Comprehensive income, net of tax, attributable to parent: | 2,105 | 1,863 | 888 | 3,109 | 1,834 | 1,755 | ||
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.