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: 2020 | ||
CONSOLIDATED BALANCE SHEET | ||
Period Ending Dec 31, 2020 10-K (Filed: Feb 23, 2021) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2020 | Dec 31, 2019 | |
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $ 13,212 | 8,172 |
| Restricted cash | 463 | 141 |
| Marketable securities (Note I) | 600 | 696 |
| Notes and accounts receivable-trade (net of allowances of $351 in 2020 and $299 in 2019) | 7,132 | 7,870 |
| Short-term financing receivables (net of allowances of $218 in 2020 and $188 in 2019) (Note K) | 10,892 | 14,192 |
| Other accounts receivable (net of allowances of $28 in 2020 and $33 in 2019) | 714 | 1,733 |
| Inventory (Note J) | 1,839 | 1,619 |
| Deferred costs (Note C) | 2,107 | 1,896 |
| Prepaid expenses and other current assets | 2,206 | 2,101 |
| Total current assets | 39,165 | 38,420 |
| Property, plant and equipment (Note L) | 33,176 | 32,028 |
| Less: Accumulated depreciation (Note L) | 23,136 | 22,018 |
| Property, plant and equipment - net (Note L) | 10,040 | 10,010 |
| Operating right-of-use assets-net (Note M) | 4,686 | 4,996 |
| Long-term financing receivables (net of allowances of $45 in 2020 and $33 in 2019) (Note K) | 7,086 | 8,712 |
| Prepaid pension assets (Note V) | 7,610 | 6,865 |
| Deferred costs (Note C) | 2,449 | 2,472 |
| Deferred taxes (Note G) | 9,241 | 5,182 |
| Goodwill (Note N) | 59,617 | 58,222 |
| Intangible assets-net (Note N) | 13,796 | 15,235 |
| Investments and sundry assets (Note O) | 2,282 | 2,074 |
| Total assets | 155,971 | 152,186 |
| Liabilities and equity | ||
| Current liabilities | ||
| Taxes (Note G) | 3,301 | 2,839 |
| Short-term debt (Notes I&P) | 7,183 | 8,797 |
| Accounts payable | 4,908 | 4,896 |
| Compensation and benefits | 3,440 | 3,406 |
| Deferred income | 12,833 | 12,026 |
| Operating lease liabilities (Note M) | 1,357 | 1,380 |
| Other accrued expenses and liabilities | 6,847 | 4,357 |
| Total current liabilities | 39,869 | 37,701 |
| Long-term debt (Notes I&P) | 54,355 | 54,102 |
| Retirement and nonpension postretirement benefit obligations (Note V) | 18,248 | 17,142 |
| Deferred income | 4,301 | 3,851 |
| Operating lease liabilities (Note M) | 3,574 | 3,879 |
| Other liabilities (Note Q) | 14,897 | 14,526 |
| Total liabilities | 135,244 | 131,202 |
| Commitments and Contingencies (Note R) | ||
| Equity: | ||
| IBM stockholders' equity | ||
| Common stock, par value $.20 per share, and additional paid-in capital Shares authorized: 4,687,500,000 Shares issued (2020- 2,242,969,004; 2019-2,237,996,975) | 56,556 | 55,895 |
| Retained earnings | 162,717 | 162,954 |
| Treasury stock, at cost (shares: 2020-1,350,315,580; 2019-1,350,886,521) | (169,339) | (169,413) |
| Accumulated other comprehensive income/(loss) | (29,337) | (28,597) |
| Total IBM stockholders' equity | 20,597 | 20,841 |
| Noncontrolling interests (Note A) | 129 | 144 |
| Total equity | 20,727 | 20,985 |
| Total liabilities and equity | 155,971 | 152,186 |
| External Links | |
| INTERNATIONAL BUSINESS MACHINES CORP (IBM) Fiscal Year 2020 | |
| 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 |