10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
INTERNATIONAL BUSINESS MACHINES CORP | |||
Ticker: IBM Fiscal Year: 2012 | |||
Consolidated Statement of Earnings | |||
Period Ending Dec 31, 2012 10-K (Filed: Feb 26, 2013) | |||
| (In Dollars) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2012 | Dec 31, 2011 | Dec 31, 2010 | |
| Revenue | |||
| Services | $ 59,453,000,000 | 60,721,000,000 | 56,868,000,000 |
| Sales | 43,014,000,000 | 44,063,000,000 | 40,736,000,000 |
| Financing | 2,040,000,000 | 2,132,000,000 | 2,267,000,000 |
| Total revenue | 104,507,000,000 | 106,916,000,000 | 99,870,000,000 [1] |
| Cost | |||
| Services | 39,166,000,000 | 40,740,000,000 | 38,383,000,000 |
| Sales | 13,956,000,000 | 14,973,000,000 | 14,374,000,000 |
| Financing | 1,087,000,000 | 1,065,000,000 | 1,100,000,000 |
| Total cost | 54,209,000,000 | 56,778,000,000 | 53,857,000,000 |
| Gross profit | 50,298,000,000 | 50,138,000,000 | 46,014,000,000 |
| Expense and other income | |||
| Selling, general and administrative | 23,553,000,000 | 23,594,000,000 | 21,837,000,000 |
| Research, development and engineering (Note O) | 6,302,000,000 | 6,258,000,000 | 6,026,000,000 |
| Intellectual property and custom development income | (1,074,000,000) | (1,108,000,000) | (1,154,000,000) |
| Other (income) and expense | (843,000,000) | (20,000,000) | (787,000,000) |
| Interest expense (Note D&J) | 459,000,000 | 411,000,000 | 368,000,000 |
| Total expense and other income | 28,396,000,000 | 29,135,000,000 | 26,291,000,000 |
| Income before income taxes | 21,902,000,000 | 21,003,000,000 | 19,723,000,000 |
| Provision for income taxes (Note N) | 5,298,000,000 | 5,148,000,000 | 4,890,000,000 |
| Net income | 16,604,000,000 | 15,855,000,000 | 14,833,000,000 |
| Earnings per share of common stock | |||
| Assuming dilution (in dollars per share) (Note P) | 14 | 13 | 12 |
| Basic (in dollars per share) (Note P) | 15 | 13 | 12 |
| Weighted-average number of common shares outstanding | |||
| Assuming dilution (in shares) | 1,155,449,317 | 1,213,767,985 | 1,287,355,388 |
| Basic (in shares) | 1,142,508,521 | 1,196,951,006 | 1,268,789,202 |
| [1] Amounts may not add due to rounding. | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
INTERNATIONAL BUSINESS MACHINES CORP | |||
Ticker: IBM Fiscal Year: 2012 | |||
Consolidated Statement of Comprehensive Income | |||
Period Ending Dec 31, 2012 10-K (Filed: Feb 26, 2013) | |||
| (In Dollars) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2012 | Dec 31, 2011 | Dec 31, 2010 | |
| Net income | $ 16,604,000,000 | 15,855,000,000 | 14,833,000,000 |
| Other comprehensive income/(loss), before tax | |||
| Foreign currency translation adjustments (Note L) | (44,000,000) | (693,000,000) | 712,000,000 |
| Net changes related to available-for-sale securities (Note L) | |||
| Unrealized gains/(losses) arising during the period | 8,000,000 | (14,000,000) | 70,000,000 |
| Reclassification of (gains)/losses to net income | (42,000,000) | (231,000,000) | 0 |
| Subsequent changes in previously impaired securities arising during the period | 20,000,000 | 4,000,000 | 8,000,000 |
| Total net changes related to available-for-sale securities | (14,000,000) | (241,000,000) | 78,000,000 |
| Unrealized gains/(losses) on cash flow hedges (Note L) | |||
| Unrealized gains/(losses) arising during the period | 32,000,000 | (266,000,000) | 371,000,000 |
| Reclassification of (gains)/losses to net income | (253,000,000) | 511,000,000 | 203,000,000 |
| Total unrealized gains/(losses) on cash flow hedges | (220,000,000) | 245,000,000 | 573,000,000 |
| Retirement-related benefit plans (Note L) | |||
| Prior service costs/(credits) | (28,000,000) | 28,000,000 | |
| Net (losses)/gains arising during the period | (7,489,000,000) | (5,463,000,000) | (2,728,000,000) |
| Curtailments and settlements | (2,000,000) | 11,000,000 | 10,000,000 |
| Amortization of prior service (credits)/costs | (148,000,000) | (157,000,000) | (183,000,000) |
| Amortization of net (gains)/losses | 2,457,000,000 | 1,847,000,000 | 1,249,000,000 |
| Total retirement-related benefit plans | (5,182,000,000) | (3,790,000,000) | (1,624,000,000) |
| Other comprehensive income/(loss), before tax (Note L) | (5,460,000,000) | (4,479,000,000) | (260,000,000) |
| Income tax (expense)/benefit related to items of other comprehensive income (Note L) | 1,587,000,000 | 1,339,000,000 | 348,000,000 |
| Other comprehensive income/(loss) (Note L) | (3,874,000,000) | (3,142,000,000) | 87,000,000 |
| Total comprehensive income/(loss) | 12,731,000,000 | 12,713,000,000 | 14,920,000,000 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
INTERNATIONAL BUSINESS MACHINES CORP | |||
Ticker: IBM Fiscal Year: 2012 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 31, 2012 10-K (Filed: Feb 26, 2013) | |||
| (In Dollars) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2012 | Dec 31, 2011 | Dec 31, 2010 | |
| Cash flows from operating activities | |||
| Net income | $ 16,604,000,000 | 15,855,000,000 | 14,833,000,000 |
| Adjustments to reconcile net income to cash provided by operating activities | |||
| Depreciation | 3,392,000,000 | 3,589,000,000 | 3,657,000,000 |
| Amortization of intangibles | 1,284,000,000 | 1,226,000,000 | 1,174,000,000 |
| Stock-based compensation | 688,000,000 | 697,000,000 | 629,000,000 |
| Deferred taxes | 797,000,000 | 1,212,000,000 | 1,294,000,000 |
| Net (gain)/loss on asset sales and other | (729,000,000) | (342,000,000) | (801,000,000) |
| Change in operating assets and liabilities, net of acquisitions/divestitures | |||
| Receivables (including financing receivables) | (2,230,000,000) | (1,279,000,000) | (489,000,000) |
| Retirement related | (1,008,000,000) | (1,371,000,000) | (1,963,000,000) |
| Inventories | 280,000,000 | (163,000,000) | 92,000,000 |
| Other assets/other liabilities | 733,000,000 | (28,000,000) | 949,000,000 |
| Accounts payable | (224,000,000) | 451,000,000 | 174,000,000 |
| Net cash provided by operating activities | 19,586,000,000 | 19,846,000,000 | 19,549,000,000 |
| Cash flows from investing activities | |||
| Payments for property, plant and equipment | (4,082,000,000) | (4,108,000,000) | (4,185,000,000) |
| Proceeds from disposition of property, plant and equipment | 410,000,000 | 608,000,000 | 770,000,000 |
| Investment in software | (635,000,000) | (559,000,000) | (569,000,000) |
| Purchases of marketable securities and other investments | (4,109,000,000) | (1,594,000,000) | (6,129,000,000) |
| Proceeds from disposition of marketable securities and other investments | 3,142,000,000 | 3,345,000,000 | 7,877,000,000 |
| Non-operating finance receivables-net | (608,000,000) | (291,000,000) | (405,000,000) |
| Acquisition of businesses, net of cash acquired | (3,722,000,000) | (1,811,000,000) | (5,922,000,000) |
| Divestiture of businesses, net of cash transferred | 599,000,000 | 14,000,000 | 55,000,000 |
| Net cash used in investing activities | (9,004,000,000) | (4,396,000,000) | (8,507,000,000) |
| Cash flows from financing activities | |||
| Proceeds from new debt | 12,242,000,000 | 9,996,000,000 | 8,055,000,000 |
| Payments to settle debt | (9,549,000,000) | (8,947,000,000) | (6,522,000,000) |
| Short-term borrowings/(repayments) less than 90 days-net | (441,000,000) | 1,321,000,000 | 817,000,000 |
| Common stock repurchases | (11,995,000,000) | (15,046,000,000) | (15,375,000,000) |
| Common stock transactions-other | 1,540,000,000 | 2,453,000,000 | 3,774,000,000 |
| Cash dividends paid | (3,773,000,000) | (3,473,000,000) | (3,177,000,000) |
| Net cash used in financing activities | (11,976,000,000) | (13,696,000,000) | (12,429,000,000) |
| Effect of exchange rate changes on cash and cash equivalents | (116,000,000) | (493,000,000) | (135,000,000) |
| Net change in cash and cash equivalents | (1,511,000,000) | 1,262,000,000 | (1,522,000,000) |
| Cash and cash equivalents at January 1 | 11,922,000,000 | 10,661,000,000 | |
| Cash and cash equivalents at December 31 | 10,412,000,000 | 11,922,000,000 | 10,661,000,000 |
| Supplemental data | |||
| Income taxes paid-net of refunds received | 3,169,000,000 | 4,168,000,000 | 3,238,000,000 |
| Interest paid on debt | 1,009,000,000 | 956,000,000 | 951,000,000 |
| Capital lease obligations | 10,000,000 | 39,000,000 | 30,000,000 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
INTERNATIONAL BUSINESS MACHINES CORP | ||
Ticker: IBM Fiscal Year: 2012 | ||
Consolidated Statement of Financial Position | ||
Period Ending Dec 31, 2012 10-K (Filed: Feb 26, 2013) | ||
| (In Dollars) | ||
| As of | As of | |
| Dec 31, 2012 | Dec 31, 2011 | |
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $ 10,412,000,000 | 11,922,000,000 |
| Marketable securities (Note D) | 717,000,000 | 0 |
| Notes and accounts receivable-trade (net of allowances of $255 in 2012 and $256 in 2011) | 10,667,000,000 | 11,179,000,000 |
| Short-term financing receivables (net of allowances of $288 in 2012 and $311 in 2011) (Note F) | 18,038,000,000 | 16,901,000,000 |
| Other accounts receivable (net of allowances of $17 in 2012 and $11 in 2011) | 1,873,000,000 | 1,481,000,000 |
| Inventories (Note E) | 2,287,000,000 | 2,595,000,000 |
| Deferred taxes (Note N) | 1,415,000,000 | 1,601,000,000 |
| Prepaid expenses and other current assets | 4,024,000,000 | 5,249,000,000 |
| Total current assets | 49,433,000,000 | 50,928,000,000 |
| Property, plant and equipment (Note G) | 40,501,000,000 | 40,124,000,000 |
| Less: Accumulated depreciation (Note G) | 26,505,000,000 | 26,241,000,000 |
| Property, plant and equipment-net (Note G) | 13,996,000,000 | 13,883,000,000 |
| Long-term financing receivables (net of allowances of $66 in 2012 and $38 in 2011) (Note F) | 12,812,000,000 | 10,776,000,000 |
| Prepaid pension assets (Note S) | 945,000,000 | 2,843,000,000 |
| Deferred taxes (Note N) | 3,973,000,000 | 3,503,000,000 |
| Goodwill (Note I) | 29,247,000,000 | 26,213,000,000 |
| Intangible assets-net (Note I) | 3,787,000,000 | 3,392,000,000 |
| Investments and sundry assets (Note H) | 5,021,000,000 | 4,895,000,000 |
| Total assets | 119,213,000,000 | 116,433,000,000 |
| Liabilities and equity | ||
| Current liabilities | ||
| Taxes (Note N) | 4,948,000,000 | 3,313,000,000 |
| Short-term debt (Notes D&J) | 9,181,000,000 | 8,463,000,000 |
| Accounts payable | 7,952,000,000 | 8,517,000,000 |
| Compensation and benefits | 4,745,000,000 | 5,099,000,000 |
| Deferred income | 11,952,000,000 | 12,197,000,000 |
| Other accrued expenses and liabilities | 4,847,000,000 | 4,535,000,000 |
| Total current liabilities | 43,625,000,000 | 42,123,000,000 |
| Long-term debt (Notes D&J) | 24,088,000,000 | 22,857,000,000 |
| Retirement and nonpension postretirement benefit obligations (Note S) | 20,418,000,000 | 18,374,000,000 |
| Deferred income | 4,491,000,000 | 3,847,000,000 |
| Other liabilities (Note K) | 7,607,000,000 | 8,996,000,000 |
| Total liabilities | 100,229,000,000 | 96,197,000,000 |
| Contingencies and commitments (Note M) | ||
| Equity (Note L) | ||
| IBM stockholders' equity | ||
| Common stock, par value $.20 per share, and additional paid-in capital Shares authorized: 4,687,500,000 Shares issued (2012-2,197,561,159; 2011-2,182,469,838) | 50,110,000,000 | 48,129,000,000 |
| Retained earnings | 117,641,000,000 | 104,857,000,000 |
| Treasury stock, at cost (shares: 2012-1,080,193,483; 2011-1,019,287,274) | (123,131,000,000) | (110,963,000,000) |
| Accumulated other comprehensive income/(loss) | (25,759,000,000) | (21,885,000,000) |
| Total IBM stockholders' equity | 18,860,000,000 | 20,138,000,000 |
| Noncontrolling interests (Note A) | 124,000,000 | 97,000,000 |
| Total equity | 18,984,000,000 | 20,236,000,000 |
| Total liabilities and equity | 119,213,000,000 | 116,433,000,000 |
| External Links | |
| INTERNATIONAL BUSINESS MACHINES CORP (IBM) Fiscal Year 2012 | |
| Statements of 10-K in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |