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: 2013 | |||
Consolidated Statement of Earnings | |||
Period Ending Dec 31, 2013 10-K (Filed: Feb 25, 2014) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
| Revenue: | |||
| Services | $ 57,655 | 59,453 | 60,721 |
| Sales | 40,049 | 43,014 | 44,063 |
| Financing | 2,047 | 2,040 | 2,132 |
| Total revenue | 99,751 | 104,507 | 106,916 |
| Cost: | |||
| Services | 37,564 | 39,166 | 40,740 |
| Sales | 12,572 | 13,956 | 14,973 |
| Financing | 1,110 | 1,087 | 1,065 |
| Total cost | 51,246 | 54,209 | 56,778 |
| Gross profit | 48,505 | 50,298 | 50,138 |
| Expense and other income: | |||
| Selling, general and administrative | 23,502 | 23,553 | 23,594 |
| Research, development and engineering (Note O) | 6,226 | 6,302 | 6,258 |
| Intellectual property and custom development income | (822) | (1,074) | (1,108) |
| Other (income) and expense | (327) | (843) | (20) |
| Interest expense (Note D&J) | 402 | 459 | 411 |
| Total expense and other (income) | 28,981 | 28,396 | 29,135 |
| Income before income taxes | 19,524 | 21,902 | 21,003 |
| Provision for income taxes (Note N) | 3,041 | 5,298 | 5,148 |
| Net income | 16,483 | 16,604 | 15,855 |
| Earnings per share of common stock: | |||
| Assuming dilution (in dollars per share) (Note P) | 14.94 | 14.37 | 13.06 |
| Basic (in dollars per share) (Note P) | 15.06 | 14.53 | 13.25 |
| Weighted-average number of common shares outstanding: | |||
| Assuming dilution (in shares) | 1,103,042,156 | 1,155,449,317 | 1,213,767,985 |
| Basic (in shares) | 1,094,486,604 | 1,142,508,521 | 1,196,951,006 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
INTERNATIONAL BUSINESS MACHINES CORP | |||
Ticker: IBM Fiscal Year: 2013 | |||
Consolidated Statement of Comprehensive Income | |||
Period Ending Dec 31, 2013 10-K (Filed: Feb 25, 2014) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
| Net income | $ 16,483 | 16,604 | 15,855 |
| Other comprehensive income/(loss), before tax | |||
| Foreign currency translation adjustments (Note L) | (1,335) | (44) | (693) |
| Net changes related to available-for-sale securities: (Note L) | |||
| Unrealized gains/(losses) arising during the period | (4) | 8 | (14) |
| Reclassification of (gains)/losses to net income | (8) | (42) | (231) |
| Subsequent changes in previously impaired securities arising during the period | 4 | 20 | 4 |
| Total net changes related to available-for-sale securities | (8) | (14) | (241) |
| Unrealized gains/(losses) on cash flow hedges: (Note L) | |||
| Unrealized gains/(losses) arising during the period | 43 | 32 | (266) |
| Reclassification of (gains)/losses to net income | (166) | (253) | 511 |
| Total unrealized gains/(losses) on cash flow hedges | (123) | (220) | 245 |
| Retirement-related benefit plans: (Note L) | |||
| Prior service costs/(credits) | 16 | (28) | |
| Net (losses)/gains arising during the period | 5,369 | (7,489) | (5,463) |
| Curtailments and settlements | (3) | (2) | 11 |
| Amortization of prior service (credits)/costs | (114) | (148) | (157) |
| Amortization of net (gains)/losses | 3,499 | 2,457 | 1,847 |
| Total retirement-related benefit plans | 8,767 | (5,182) | (3,790) |
| Other comprehensive income/(loss), before tax (Note L) | 7,301 | (5,460) | (4,479) |
| Income tax (expense)/benefit related to items of other comprehensive income (Note L) | (3,144) | 1,587 | 1,339 |
| Other comprehensive income/(loss) (Note L) | 4,157 | (3,874) | (3,142) |
| Total comprehensive income/(loss) | 20,641 | 12,731 | 12,713 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
INTERNATIONAL BUSINESS MACHINES CORP | |||
Ticker: IBM Fiscal Year: 2013 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 31, 2013 10-K (Filed: Feb 25, 2014) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
| Cash flows from operating activities: | |||
| Net income | $ 16,483 | 16,604 | 15,855 |
| Adjustments to reconcile net income to cash provided by operating activities | |||
| Depreciation | 3,327 | 3,392 | 3,589 |
| Amortization of intangibles | 1,351 | 1,284 | 1,226 |
| Stock-based compensation | 614 | 688 | 697 |
| Deferred taxes | (1,610) | 797 | 1,212 |
| Net (gain)/loss on asset sales and other | (236) | (729) | (342) |
| Changes in operating assets and liabilities, net of acquisitions/divestitures | |||
| Receivables (including financing receivables) | (1,407) | (2,230) | (1,279) |
| Retirement related | 294 | (1,008) | (1,371) |
| Inventories | (57) | 280 | (163) |
| Other assets/other liabilities | (747) | 733 | (28) |
| Accounts payable | (529) | (224) | 451 |
| Net cash provided by operating activities | 17,485 | 19,586 | 19,846 |
| Cash flows from investing activities: | |||
| Payments for property, plant and equipment | (3,623) | (4,082) | (4,108) |
| Proceeds from disposition of property, plant and equipment | 372 | 410 | 608 |
| Investment in software | (517) | (635) | (559) |
| Purchases of marketable securities and other investments | (4,608) | (4,109) | (1,594) |
| Proceeds from disposition of marketable securities and other investments | 4,873 | 3,142 | 3,345 |
| Non-operating finance receivables - net | (1,063) | (608) | (291) |
| Acquisition of businesses, net of cash acquired | (3,056) | (3,722) | (1,811) |
| Divestitures of businesses, net of cash transferred | 297 | 599 | 14 |
| Net cash used in investing activities | (7,326) | (9,004) | (4,396) |
| Cash flows from financing activities: | |||
| Proceeds from new debt | 16,353 | 12,242 | 9,996 |
| Payments to settle debt | (10,013) | (9,549) | (8,947) |
| Short-term borrowings/(repayments) less than 90 days - net | 621 | (441) | 1,321 |
| Common stock repurchases | (13,859) | (11,995) | (15,046) |
| Common stock transactions - other | 1,074 | 1,540 | 2,453 |
| Cash dividends paid | (4,058) | (3,773) | (3,473) |
| Net cash used in financing activities | (9,883) | (11,976) | (13,696) |
| Effect of exchange rate changes on cash and cash equivalents | 28 | (116) | (493) |
| Net change in cash and cash equivalents | 304 | (1,511) | 1,262 |
| Cash and cash equivalents at January 1 | 10,412 | 11,922 | |
| Cash and cash equivalents at December 31 | 10,716 | 10,412 | 11,922 |
| Supplemental data | |||
| Income taxes paid-net of refunds received | 4,024 | 3,169 | 4,168 |
| Interest paid on debt | 982 | 1,009 | 956 |
| Capital lease obligations | 14 | 10 | 39 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
INTERNATIONAL BUSINESS MACHINES CORP | ||
Ticker: IBM Fiscal Year: 2013 | ||
Consolidated Statement of Financial Position | ||
Period Ending Dec 31, 2013 10-K (Filed: Feb 25, 2014) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2013 | Dec 31, 2012 | |
| Assets: | ||
| Current assets: | ||
| Cash and cash equivalents | $ 10,716 | 10,412 |
| Marketable securities (Note D) | 350 | 717 |
| Notes and accounts receivable - trade (net of allowances of $291 in 2013 and $255 in 2012) | 10,465 | 10,667 |
| Short-term financing receivables (net of allowances of $308 in 2013 and $288 in 2012) (Note F) | 19,787 | 18,038 |
| Other accounts receivable (net of allowances of $36 in 2013 and $17 in 2012) | 1,584 | 1,873 |
| Inventories (Note E) | 2,310 | 2,287 |
| Deferred taxes (Note N) | 1,651 | 1,415 |
| Prepaid expenses and other current assets | 4,488 | 4,024 |
| Total current assets | 51,350 | 49,433 |
| Property, plant and equipment (Note G) | 40,475 | 40,501 |
| Less: Accumulated depreciation (Note G) | 26,654 | 26,505 |
| Property, plant and equipment - net (Note G) | 13,821 | 13,996 |
| Long-term financing receivables (net of allowances of $80 in 2013 and $66 in 2012) (Note F) | 12,755 | 12,812 |
| Prepaid pension assets (Note S) | 5,551 | 945 |
| Deferred taxes (Note N) | 3,051 | 3,973 |
| Goodwill (Note I) | 31,184 | 29,247 |
| Intangible assets - net (Note I) | 3,871 | 3,787 |
| Investments and sundry assets (Note H) | 4,639 | 5,021 |
| Total assets | 126,223 | 119,213 |
| LIABILITIES AND EQUITY | ||
| Liabilities: | ||
| Current liabilities: | ||
| Taxes (Note N) | 4,633 | 4,948 |
| Short-term debt (Note D&J) | 6,862 | 9,181 |
| Accounts payable | 7,461 | 7,952 |
| Compensation and benefits | 3,893 | 4,745 |
| Deferred income | 12,557 | 11,952 |
| Other accrued expenses and liabilities | 4,748 | 4,847 |
| Total current liabilities | 40,154 | 43,625 |
| Long-term debt (Note D&J) | 32,856 | 24,088 |
| Retirement and nonpension postretirement benefit obligations (Note S) | 16,242 | 20,418 |
| Deferred income | 4,108 | 4,491 |
| Other liabilities (Note K) | 9,934 | 7,607 |
| Total liabilities | 103,294 | 100,229 |
| 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 ( (2013 -- 2,207,522,548; 2012 -- 2,197,561,159) | 51,594 | 50,110 |
| Retained earnings | 130,042 | 117,641 |
| Treasury stock, at cost; ((shares: 2013 -- 1,153,131,611; 2012 -- 1,080,193,483) | (137,242) | (123,131) |
| Accumulated other comprehensive income/(loss) | (21,602) | (25,759) |
| Total IBM stockholders' equity | 22,792 | 18,860 |
| Noncontrolling interests (Note A) | 137 | 124 |
| Total equity | 22,929 | 18,984 |
| Total liabilities and equity | 126,223 | 119,213 |
| External Links | |
| INTERNATIONAL BUSINESS MACHINES CORP (IBM) Fiscal Year 2013 | |
| 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 |