International Business Machines Corporation (IBM) financial statements (2022 and earlier)

Company profile

Business Address 1 NEW ORCHARD ROAD
ARMONK, NY 10504
State of Incorp. NY
Fiscal Year End December 31
SIC 357 - Computer And Office Equipment (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6,65013,8128,86811,99712,5808,5278,194
Cash and cash equivalents6,65013,2128,17211,37911,9727,8267,686
Short-term investments 600696618608701508
Receivables14,97718,73823,79530,56331,63029,24528,554
Inventory, net of allowances, customer advances and progress billings1,6491,8391,6191,6821,5831,5531,551
Inventory1,6491,8391,6191,6821,5831,5531,551
Prepaid expense      496
Contract with customer, asset471497492470
Capitalized contract cost1,0972,1071,8962,300
Assets held-for-sale, not part of disposal group793      
Other undisclosed current assets3,9022,1721,7502,1343,9424,5633,709
Total current assets:29,53939,16538,42049,14649,73543,88842,504
Noncurrent Assets
Operating lease, right-of-use asset3,2224,6864,996
Nontrade receivables743777664626590477 
Property, plant and equipment5,69410,04010,01010,79211,11610,83010,727
Long-term investments and receivables5,5847,2588,8969,3409,6879,14010,213
Long-term investments159172184192137119200
Accounts and financing receivable, after allowance for credit loss5,4257,0868,7129,1489,5509,02110,013
Intangible assets, net (including goodwill)68,15473,41373,45739,35240,53040,88735,508
Goodwill55,64359,61758,22236,26536,78836,19932,021
Intangible assets, net (excluding goodwill)12,51113,79615,2353,0873,7424,6883,487
Prepaid expense    300230 
Capitalized contract cost, net9242,4492,4722,676
Derivative instruments and hedges4015194347757594 
Regulated entity, other noncurrent assets      74
Deposits noncurrent assets205239242268271267 
Deferred costs    1,5371,497 
Deferred income tax assets7,3709,2415,182
Other noncurrent assets      5,187
Prepaid pension costs3,0341,734
Other undisclosed noncurrent assets10,5268,5527,75310,83510,8336,6264,548
Total noncurrent assets:102,462116,806113,76674,23675,62173,58267,991
TOTAL ASSETS:132,001155,971152,186123,382125,356117,470110,495
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities9,44811,64911,14112,91414,31413,0218,875
Accounts payable3,9554,9084,8966,5586,4516,2096,028
Employee-related liabilities3,2043,4403,4063,3103,6443,577 
Taxes payable2,2893,3012,8393,0464,2193,2352,847
Deferred revenue12,51812,83312,026
Debt6,7877,1838,79710,2076,9877,5136,461
Deferred compensation liability      3,560
Deferred revenue and credits11,55211,03511,021
Contract with customer, liability11,165
Other liabilities      4,353
Other undisclosed current liabilities4,8668,2045,7373,9414,5104,706(1)
Total current liabilities:33,61939,86937,70138,22737,36336,27534,269
Noncurrent Liabilities
Long-term debt and lease obligation, including:44,91754,35554,10235,60539,83734,65533,428
Long-term debt, excluding current maturities44,91754,355 35,60539,83734,65533,428
Finance lease, liability63  
Operating lease, liability2,4623,5743,879
Other undisclosed long-term debt and lease obligation(2,525)(3,574)50,223    
Liabilities, other than long-term debt32,00837,44635,51932,62130,43128,14728,374
Deferred revenue and credits3,7463,6003,771
Deferred revenue3,5774,3013,851
Contract with customer, liability3,445
Liability, pension and other postretirement and postemployment benefits14,43518,24817,14217,00216,72017,07016,504
Other liabilities13,99614,89714,52612,1749,9657,4778,099
Other undisclosed noncurrent liabilities2,4613,5743,880(1) 1 
Total noncurrent liabilities:79,38695,37593,50168,22570,26862,80361,802
Total liabilities:113,005135,244131,202106,452107,63199,07896,071
Stockholders' equity
Stockholders' equity attributable to parent, including:18,90120,59720,84116,79617,59418,24614,262
Treasury stock, value(169,392)(169,339)(169,413)(168,071)(163,507)(159,050)(155,518)
Accumulated other comprehensive loss(23,234)(29,337)(28,597)(29,490)(26,592)(29,398)(29,607)
Retained earnings154,209162,717162,954159,206153,126152,759146,124
Other undisclosed stockholders' equity attributable to parent57,31856,55655,89755,15154,56753,93553,263
Stockholders' equity attributable to noncontrolling interest95129144134131146162
Other undisclosed stockholders' equity 1 (1)   
Total stockholders' equity:18,99620,72720,98516,92917,72518,39214,424
Other undisclosed liabilities and equity  (1)1   
TOTAL LIABILITIES AND EQUITY:132,001155,971152,186123,382125,356117,470110,495

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues57,35073,62077,14779,59179,13979,91981,741
Revenue, net77,42478,21079,878
Cost of revenue(25,865)(38,046)(40,659)(42,655)(42,913)(41,625)(41,057)
Cost of goods and services sold(300)(439)(591) (41,703)(40,580)(40,046)
Other undisclosed gross profit11  1  
Gross profit:31,48635,57536,48836,93636,22738,29440,684
Operating expenses(25,233)(29,415)(26,593)(24,745)(25,894)(26,820)(25,677)
Operating income:6,2536,1609,89512,19110,33311,47415,007
Interest and debt expense(1,155)(1,288)(1,344)(723)(615)(630)(468)
Income from continuing operations before equity method investments, income taxes:5,0984,8728,55111,4689,71810,84414,539
Other undisclosed income (loss) from continuing operations before income taxes(261)(235)1,615(126)1,6821,4861,406
Income from continuing operations before income taxes:4,8374,63710,16611,34211,40012,33015,945
Income tax expense (benefit)(124)864(731)(2,619)(5,642)(449)(2,581)
Income from continuing operations:4,7135,5019,4358,7235,75811,88113,364
Income (loss) from discontinued operations(714)4391(2)3(9)(174)
Income before gain (loss) on sale of properties:3,9995,5059,8268,7215,76111,87213,190
Other undisclosed net income (loss)1,74485(395)7(8)  
Net income available to common stockholders, basic:5,7435,5909,4318,7285,75311,87213,190
Dilutive securities, effect on basic earnings per share   (6)(2) (1)
Other undisclosed net income (loss) available to common stockholders, diluted (2)  1  
Net income available to common stockholders, diluted:5,7435,5889,4318,7225,75211,87213,189

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:5,7435,5909,4318,7285,75311,87213,190
Other comprehensive income (loss)4,969(740)893(476)2,806209(1,731)
Comprehensive income, net of tax, attributable to parent:10,7124,85010,3248,2528,55912,08111,459

Statements sources

The financial statements are based on the company's filings with the 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.

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