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: 2015 | ||
Consolidated Statement of Financial Position | ||
Period Ending Dec 31, 2015 10-K (Filed: Feb 23, 2016) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2015 | Dec 31, 2014 | |
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $ 7,686 | 8,476 |
| Marketable securities (Note D) | 508 | 0 |
| Notes and accounts receivable - trade (net of allowances of $367 in 2015 and $336 in 2014) | 8,333 | 9,090 |
| Short-term financing receivables (net of allowances of $490 in 2015 and $452 in 2014) (Note F) | 19,020 | 19,835 |
| Other accounts receivable (net of allowances of $51 in 2015 and $40 in 2014) | 1,201 | 2,906 |
| Inventories (Note E) | 1,551 | 2,103 |
| Prepaid expenses and other current assets | 4,205 | 4,967 |
| Total current assets | 42,504 | 47,377 [1] |
| Property, plant and equipment (Note G) | 29,342 | 39,034 |
| Less: Accumulated depreciation (Note G) | 18,615 | 28,263 |
| Property, plant and equipment - net (Note G) | 10,727 | 10,771 |
| Long-term financing receivables (net of allowances of $118 in 2015 and $126 in 2014) (Note F) | 10,013 | 11,109 |
| Prepaid pension assets (Note S) | 1,734 | 2,160 |
| Deferred taxes (Note N) | 4,822 | 6,675 |
| Goodwill (Note I) | 32,021 | 30,556 |
| Intangible assets - net (Note I) | 3,487 | 3,104 |
| Investments and sundry assets (Note H) | 5,187 | 5,520 |
| Total assets | 110,495 | 117,271 [2] |
| Liabilities and equity | ||
| Current liabilities | ||
| Taxes (Note N) | 2,847 | 5,084 |
| Short-term debt (Note D&J) | 6,461 | 5,731 |
| Accounts payable | 6,028 | 6,864 |
| Compensation and benefits | 3,560 | 4,031 |
| Deferred income | 11,021 | 11,877 |
| Other accrued expenses and liabilities | 4,353 | 5,994 |
| Total current liabilities | 34,269 | 39,581 |
| Long-term debt (Note D&J) | 33,428 | 34,991 |
| Retirement and nonpension postretirement benefit obligations (Note S) | 16,504 | 18,261 |
| Deferred income | 3,771 | 3,691 |
| Other liabilities (Note K) | 8,099 | 8,733 |
| Total liabilities | 96,071 | 105,257 |
| Contingencies and commitments (Note M) | ||
| Equity: (Note L) | ||
| IBM stockholders' equity | ||
| Common stock, par value $0.20 per share, and additional paid-in capital; Shares authorized: 4,687,500,000; Shares issued (2015 -- 2,221,223,449; 2014 -- 2,215,209,574) | 53,262 | 52,666 |
| Retained earnings | 146,124 | 137,793 |
| Treasury stock, at cost (shares: 2015 -- 1,255,494,724; 2014 -- 1,224,685,815) | (155,518) | (150,715) |
| Accumulated other comprehensive income/(loss) | (29,607) | (27,875) |
| Total IBM stockholders' equity | 14,262 | 11,868 |
| Noncontrolling interests (Note A) | 162 | 146 |
| Total equity | 14,424 | 12,014 |
| Total liabilities and equity | 110,495 | 117,271 |
| [1] Reclassified to reflect adoption of the FASB guidance on deferred taxes in consolidated financial statements. Refer to note B, "Accounting Changes," for additional information. | ||
| [2] Reclassified to reflect adoption of the FASB guidance on debt issuance costs in consolidated financial statements. Refer to note B, "Accounting Changes," for additional information. | ||
| External Links | |
| INTERNATIONAL BUSINESS MACHINES CORP (IBM) Fiscal Year 2015 | |
| 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 |