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: 2009 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 31, 2009 10-K (Filed: Feb 23, 2010) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2009 | Dec 31, 2008 | Dec 31, 2007 | |
| Net change in cash and cash equivalents: | |||
| Cash flow from operating activities from continuing operations: | |||
| Net income | $ 13,425 | 12,334 | 10,418 |
| (Income)/loss from discontinued operations | 0 | ||
| Adjustments to reconcile income from continuing operations to cash provided by operating activities: | |||
| Depreciation | 3,773 | 4,140 | 4,038 |
| Amortization of intangibles | 1,221 | 1,310 | 1,163 |
| Stock-based compensation | 558 | 659 | 713 |
| Deferred taxes | 1,773 | 1,900 | 740 |
| Net gain on asset sales and other | (395) | (338) | (89) |
| Change in operating assets and liabilities, net of acquisitions/divestitures: | |||
| Receivables (including financing receivables) | 2,131 | 274 | (1,408) |
| Retirement related | (2,465) | (1,773) | (228) |
| Inventories | 263 | (102) | 182 |
| Other assets/other liabilities | 319 | 1,268 | 706 |
| Accounts payable | 170 | (860) | (142) |
| Net cash provided by operating activities from continuing operations | 20,773 | 18,812 | 16,094 |
| Cash flow from investing activities from continuing operations: | |||
| Payments for plant, rental machines and other property | (3,447) | (4,171) | (4,630) |
| Proceeds from disposition of plant, rental machines and other property | 330 | 350 | 537 |
| Investment in software | (630) | (716) | (875) |
| Purchases of marketable securities and other investments | (5,604) | (4,590) | (24,117) |
| Proceeds from disposition of marketable securities and other investments | 3,599 | 6,100 | 24,984 |
| Non-operating finance receivables - net | (184) | (16) | 125 |
| Divestiture of businesses, net of cash transferred | 400 | 71 | 310 |
| Acquisition of businesses, net of cash acquired | (1,194) | (6,313) | (1,009) |
| Net cash used in investing activities from continuing operations | (6,729) | (9,285) | (4,675) |
| Cash flow from financing activities from continuing operations: | |||
| Proceeds from new debt | 6,683 | 13,829 | 21,744 |
| Payments to settle debt | (13,495) | (10,248) | (11,306) |
| Short-term (repayments)/borrowings less than 90 days - net | (651) | (6,025) | 1,674 |
| Common stock repurchases | (7,429) | (10,578) | (18,828) |
| Common stock transactions - other | 3,052 | 3,774 | 4,123 |
| Cash dividends paid | (2,860) | (2,585) | (2,147) |
| Net cash used in financing activities from continuing operations | (14,700) | (11,834) | (4,740) |
| Effect of exchange rate changes on cash and cash equivalents | 98 | 58 | 294 |
| Net cash used in discontinued operations from: operating activities | (5) | ||
| Net change in cash and cash equivalents | (558) | (2,250) | 6,969 |
| Cash and cash equivalents at January 1 | 12,741 | 14,991 | |
| Cash and cash equivalents at December 31 | 12,183 | 12,741 | 14,991 |
| Supplemental data: | |||
| Income taxes paid - net of refunds received | 1,567 | 2,111 | 2,608 |
| Interest paid on debt | 1,240 | 1,460 | 1,485 |
| Capital lease obligations | 15 | 41 | 57 |
| External Links | |
| INTERNATIONAL BUSINESS MACHINES CORP (IBM) Fiscal Year 2009 | |
| 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 |