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: 2010 | |||
Consolidated Statement of Earnings | |||
Period Ending Dec 31, 2010 10-K (Filed: Feb 22, 2011) | |||
| (In Dollars) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | |
| Revenue: | |||
| Services | $ 56,868,000,000 | 55,128,000,000 | 58,892,000,000 |
| Sales | 40,736,000,000 | 38,300,000,000 | 42,156,000,000 |
| Financing | 2,267,000,000 | 2,331,000,000 | 2,582,000,000 |
| Total revenue | 99,870,000,000 | 95,758,000,000 | 103,630,000,000 |
| Cost: | |||
| Services | 38,383,000,000 | 37,146,000,000 | 40,937,000,000 |
| Sales | 14,374,000,000 | 13,606,000,000 | 15,776,000,000 |
| Financing | 1,100,000,000 | 1,220,000,000 | 1,256,000,000 |
| Total cost | 53,857,000,000 | 51,973,000,000 | 57,969,000,000 |
| Gross profit | 46,014,000,000 | 43,785,000,000 | 45,661,000,000 |
| Expense and other income: | |||
| Selling, general and administrative | 21,837,000,000 | 20,952,000,000 | 23,386,000,000 |
| Research, development and engineering (Note Q) | 6,026,000,000 | 5,820,000,000 | 6,337,000,000 |
| Intellectual property and custom development income | (1,154,000,000) | (1,177,000,000) | (1,153,000,000) |
| Other (income) and expense | (787,000,000) | (351,000,000) | (298,000,000) |
| Interest expense (Notes K&L) | 368,000,000 | 402,000,000 | 673,000,000 |
| Total expense and other income | 26,291,000,000 | 25,647,000,000 | 28,945,000,000 |
| Income before income taxes | 19,723,000,000 | 18,138,000,000 | 16,715,000,000 |
| Provision for income taxes (Note P) | 4,890,000,000 | 4,713,000,000 | 4,381,000,000 |
| Net income | 14,833,000,000 | 13,425,000,000 | 12,334,000,000 |
| Earnings per share of common stock: | |||
| Assuming dilution (in dollars per share) (Note R) | 12 | 10 | 9 |
| Basic (in dollars per share) (Note R) | 12 | 10 | 9 |
| Weighted-average number of common shares outstanding: | |||
| Assuming dilution (in shares) | 1,287,355,388 | 1,341,352,754 | 1,387,797,198 |
| Basic (in shares) | 1,268,789,202 | 1,327,157,410 | 1,369,367,069 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
INTERNATIONAL BUSINESS MACHINES CORP | |||
Ticker: IBM Fiscal Year: 2010 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 31, 2010 10-K (Filed: Feb 22, 2011) | |||
| (In Dollars) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | |
| Cash flow from operating activities: | |||
| Net income | $ 14,833,000,000 | 13,425,000,000 | 12,334,000,000 |
| Adjustments to reconcile net income to cash provided by operating activities: | |||
| Depreciation | 3,657,000,000 | 3,773,000,000 | 4,140,000,000 |
| Amortization of intangibles | 1,174,000,000 | 1,221,000,000 | 1,310,000,000 |
| Stock-based compensation | 629,000,000 | 558,000,000 | 659,000,000 |
| Deferred taxes | 1,294,000,000 | 1,773,000,000 | 1,900,000,000 |
| Net (gain)/loss on asset sales and other | (801,000,000) | (395,000,000) | (338,000,000) |
| Change in operating assets and liabilities, net of acquisitions/divestitures: | |||
| Receivables (including financing receivables) | (489,000,000) | 2,131,000,000 | 274,000,000 |
| Retirement related | (1,963,000,000) | (2,465,000,000) | (1,773,000,000) |
| Inventories | 92,000,000 | 263,000,000 | (102,000,000) |
| Other assets/other liabilities | 949,000,000 | 319,000,000 | 1,268,000,000 |
| Accounts payable | 174,000,000 | 170,000,000 | (860,000,000) |
| Net cash provided by operating activities | 19,549,000,000 | 20,773,000,000 | 18,812,000,000 |
| Cash flow from investing activities: | |||
| Payments for plant, rental machines and other property | (4,185,000,000) | (3,447,000,000) | (4,171,000,000) |
| Proceeds from disposition of plant, rental machines and other property | 770,000,000 | 330,000,000 | 350,000,000 |
| Investment in software | (569,000,000) | (630,000,000) | (716,000,000) |
| Purchases of marketable securities and other investments | (6,129,000,000) | (5,604,000,000) | (4,590,000,000) |
| Proceeds from disposition of marketable securities and other investments | 7,877,000,000 | 3,599,000,000 | 6,100,000,000 |
| Non-operating finance receivables - net | (405,000,000) | (184,000,000) | (16,000,000) |
| Divestiture of businesses, net of cash transferred | 55,000,000 | 400,000,000 | 71,000,000 |
| Acquisition of businesses, net of cash acquired | (5,922,000,000) | (1,194,000,000) | (6,313,000,000) |
| Net cash used in investing activities | (8,507,000,000) | (6,729,000,000) | (9,285,000,000) |
| Cash flow from financing activities: | |||
| Proceeds from new debt | 8,055,000,000 | 6,683,000,000 | 13,829,000,000 |
| Payments to settle debt | (6,522,000,000) | (13,495,000,000) | (10,248,000,000) |
| Short-term (repayments)/borrowings less than 90 days - net | 817,000,000 | (651,000,000) | (6,025,000,000) |
| Common stock repurchases | (15,375,000,000) | (7,429,000,000) | (10,578,000,000) |
| Common stock transactions - other | 3,774,000,000 | 3,052,000,000 | 3,774,000,000 |
| Cash dividends paid | (3,177,000,000) | (2,860,000,000) | (2,585,000,000) |
| Net cash used in financing activities | (12,429,000,000) | (14,700,000,000) | (11,834,000,000) |
| Effect of exchange rate changes on cash and cash equivalents | (135,000,000) | 98,000,000 | 58,000,000 |
| Net change in cash and cash equivalents | (1,522,000,000) | (558,000,000) | (2,250,000,000) |
| Cash and cash equivalents at January 1 | 12,183,000,000 | 12,741,000,000 | 14,991,000,000 |
| Cash and cash equivalents at December 31 | 10,661,000,000 | 12,183,000,000 | 12,741,000,000 |
| Supplemental data: | |||
| Income taxes paid - net of refunds received | 3,238,000,000 | 1,567,000,000 | 2,111,000,000 |
| Interest paid on debt | 951,000,000 | 1,240,000,000 | 1,460,000,000 |
| Capital lease obligations | 30,000,000 | 15,000,000 | 41,000,000 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
INTERNATIONAL BUSINESS MACHINES CORP | ||
Ticker: IBM Fiscal Year: 2010 | ||
Consolidated Statement of Financial Position | ||
Period Ending Dec 31, 2010 10-K (Filed: Feb 22, 2011) | ||
| (In Dollars) | ||
| As of | As of | |
| Dec 31, 2010 | Dec 31, 2009 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $ 10,661,000,000 | 12,183,000,000 |
| Marketable securities (Note E) | 990,000,000 | 1,791,000,000 |
| Notes and accounts receivable-trade (net of allowances of $324 in 2010 and $217 in 2009) | 10,834,000,000 | 10,736,000,000 |
| Short-term financing receivables (net of allowances of $342 in 2010 and $438 in 2009) (Note G) | 16,257,000,000 | 14,914,000,000 |
| Other accounts receivable (net of allowances of $10 in 2010 and $15 in 2009) | 1,134,000,000 | 1,143,000,000 |
| Inventories (Note F) | 2,450,000,000 | 2,494,000,000 |
| Deferred taxes (Note P) | 1,564,000,000 | 1,730,000,000 |
| Prepaid expenses and other current assets | 4,226,000,000 | 3,946,000,000 |
| Total current assets | 48,116,000,000 | 48,935,000,000 |
| Plant, rental machines and other property (Note H) | 40,289,000,000 | 39,596,000,000 |
| Less: Accumulated depreciation (Note H) | 26,193,000,000 | 25,431,000,000 |
| Plant, rental machines and other property - net (Note H) | 14,096,000,000 | 14,165,000,000 |
| Long-term financing receivables (net of allowances of $58 in 2010 and $97 in 2009) (Note G) | 10,548,000,000 | 10,644,000,000 |
| Prepaid pension assets (Note U) | 3,068,000,000 | 3,001,000,000 |
| Deferred taxes (Note P) | 3,220,000,000 | 4,195,000,000 |
| Goodwill (Note J) | 25,136,000,000 | 20,190,000,000 |
| Intangible assets - net (Note J) | 3,488,000,000 | 2,513,000,000 |
| Investments and sundry assets (Note I) | 5,778,000,000 | 5,379,000,000 |
| Total assets | 113,452,000,000 | 109,022,000,000 |
| Liabilities and equity | ||
| Current liabilities: | ||
| Taxes (Note P) | 4,216,000,000 | 3,826,000,000 |
| Short-term debt (Notes K&L) | 6,778,000,000 | 4,168,000,000 |
| Accounts payable | 7,804,000,000 | 7,436,000,000 |
| Compensation and benefits | 5,028,000,000 | 4,505,000,000 |
| Deferred income | 11,580,000,000 | 10,845,000,000 |
| Other accrued expenses and liabilities | 5,156,000,000 | 5,223,000,000 |
| Total current liabilities | 40,562,000,000 | 36,002,000,000 |
| Long-term debt (Notes K&L) | 21,846,000,000 | 21,932,000,000 |
| Retirement and nonpension postretirement benefit obligations (Note U) | 15,978,000,000 | 15,953,000,000 |
| Deferred income | 3,666,000,000 | 3,562,000,000 |
| Other liabilities (Note M) | 8,226,000,000 | 8,819,000,000 |
| Total liabilities | 90,279,000,000 | 86,267,000,000 |
| Contingencies and Commitments (Note O) | ||
| Equity: (Note N) | ||
| IBM Stockholders' equity: (Note N) | ||
| Common stock, par value $.20 per share and additional paid-in capital Shares authorized: 4,687,500,000 Shares issued (2010 - 2,161,800,054; 2009 - 2,127,016,668) | 45,418,000,000 | 41,810,000,000 |
| Retained earnings | 92,532,000,000 | 80,900,000,000 |
| Treasury stock, at cost (shares: 2010 - 933,806,510; 2009 - 821,679,245) | (96,161,000,000) | (81,243,000,000) |
| Accumulated other comprehensive income/(loss) | (18,743,000,000) | (18,830,000,000) |
| Total IBM stockholders' equity | 23,046,000,000 | 22,637,000,000 |
| Noncontrolling interests (Note A) | 126,000,000 | 118,000,000 |
| Total equity | 23,172,000,000 | 22,755,000,000 |
| Total liabilities and equity | 113,452,000,000 | 109,022,000,000 |
| External Links | |
| INTERNATIONAL BUSINESS MACHINES CORP (IBM) Fiscal Year 2010 | |
| 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 |