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: 2021 | ||
CONSOLIDATED BALANCE SHEET | ||
Period Ending Dec 31, 2021 10-K (Filed: Feb 22, 2022) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2021 | Dec 31, 2020 | |
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $ 6,650 | 13,188 |
| Restricted cash | 307 | 463 |
| Marketable securities (Note J) | 600 | 600 |
| Notes and accounts receivable - trade (net of allowances of $218 in 2021 and $260 in 2020) | 6,754 | 5,790 |
| Short-term financing receivables, held for investment (net of allowances of $176 in 2021 and $218 in 2020) (Note L) | 7,221 | 10,509 |
| Short-term financing receivables, held for sale (Note L) | 793 | 383 |
| Other accounts receivable (net of allowances of $24 in 2021 and $25 in 2020) | 1,002 | 695 |
| Inventory (Note K) | 1,649 | 1,812 |
| Deferred costs (Note D) | 1,097 | 1,018 |
| Prepaid expenses and other current assets | 3,466 | 2,089 |
| Current assets of discontinued operations (Note C) | 2,618 | |
| Total current assets | 29,539 | 39,165 |
| Property, plant and equipment (Note M) | 20,085 | 20,100 |
| Less: Accumulated depreciation (Note M) | 14,390 | 13,895 |
| Property, plant and equipment - net (Note M) | 5,694 | 6,205 |
| Operating right-of-use assets-net (Note N) | 3,222 | 3,566 |
| Long-term financing receivables (net of allowances of $25 in 2021 and $45 in 2020) (Note L) | 5,425 | 7,086 |
| Prepaid pension assets (Note W) | 9,850 | 7,557 |
| Deferred costs (Note D) | 924 | 1,150 |
| Deferred taxes (Note H) | 7,370 | 8,404 |
| Goodwill (Note O) | 55,643 | 53,765 |
| Intangible assets-net (Note O) | 12,511 | 13,739 |
| Investments and sundry assets (Note P) | 1,823 | 2,187 |
| Non-current assets of discontinued operations (Note C) | 13,147 | |
| Total assets | 132,001 | 155,971 |
| Liabilities and equity | ||
| Current liabilities | ||
| Taxes (Note H) | 2,289 | 3,198 |
| Short-term debt (Note J&Q) | 6,787 | 7,116 |
| Accounts payable | 3,955 | 4,033 |
| Compensation and benefits | 3,204 | 3,056 |
| Deferred income | 12,518 | 11,980 |
| Operating lease liabilities (Note N) | 974 | 1,035 |
| Other accrued expenses and liabilities | 3,892 | 5,632 |
| Current liabilities of discontinued operations (Note C) | 3,820 | |
| Total current liabilities | 33,619 | 39,869 |
| Long-term debt (Note J&Q) | 44,917 | 54,217 |
| Retirement and nonpension postretirement benefit obligations (Note W) | 14,435 | 17,184 |
| Deferred income | 3,577 | 3,758 |
| Operating lease liabilities (Note N) | 2,462 | 2,720 |
| Other liabilities (Note R) | 13,996 | 14,180 |
| Non-current liabilities of discontinued operations (Note C) | 3,317 | |
| Total liabilities | 113,005 | 135,244 |
| Commitments and Contingencies (Note S) | ||
| Equity (Note T): | ||
| IBM stockholders' equity | ||
| Common stock, par value $.20 per share, and additional paid-in capital Shares authorized: 4,687,500,000 Shares issued (2021-2,248,577,848; 2020-2,242,969,004) | 57,319 | 56,556 |
| Retained earnings | 154,209 | 162,717 |
| Treasury stock, at cost (shares: 2021-1,350,509,249; 2020-1,350,315,580) | (169,392) | (169,339) |
| Accumulated other comprehensive income/(loss) | (23,234) | (29,337) |
| Total IBM stockholders' equity | 18,901 | 20,597 |
| Noncontrolling interests (Note A) | 95 | 129 |
| Total equity | 18,996 | 20,727 |
| Total liabilities and equity | 132,001 | 155,971 |
| External Links | |
| INTERNATIONAL BUSINESS MACHINES CORP (IBM) Fiscal Year 2021 | |
| 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 |