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: 2011 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 31, 2011 10-K (Filed: Feb 28, 2012) | |||
| (In Dollars) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | |
| Cash flows from operating activities | |||
| Net income | $ 15,855,000,000 | 14,833,000,000 | 13,425,000,000 |
| Adjustments to reconcile net income to cash provided by operating activities | |||
| Depreciation | 3,589,000,000 | 3,657,000,000 | 3,773,000,000 |
| Amortization of intangibles | 1,226,000,000 | 1,174,000,000 | 1,221,000,000 |
| Stock-based compensation | 697,000,000 | 629,000,000 | 558,000,000 |
| Deferred taxes | 1,212,000,000 | 1,294,000,000 | 1,773,000,000 |
| Net (gain)/loss on asset sales and other | (342,000,000) | (801,000,000) | (395,000,000) |
| Change in operating assets and liabilities, net of acquisitions/divestitures | |||
| Receivables (including financing receivables) | (1,279,000,000) | (489,000,000) | 2,131,000,000 |
| Retirement related | (1,371,000,000) | (1,963,000,000) | (2,465,000,000) |
| Inventories | (163,000,000) | 92,000,000 | 263,000,000 |
| Other assets/other liabilities | (28,000,000) | 949,000,000 | 319,000,000 |
| Accounts payable | 451,000,000 | 174,000,000 | 170,000,000 |
| Net cash provided by operating activities | 19,846,000,000 | 19,549,000,000 | 20,773,000,000 |
| Cash flows from investing activities | |||
| Payments for property, plant and equipment | (4,108,000,000) | (4,185,000,000) | (3,447,000,000) |
| Proceeds from disposition of property, plant and equipment | 608,000,000 | 770,000,000 | 330,000,000 |
| Investment in software | (559,000,000) | (569,000,000) | (630,000,000) |
| Purchases of marketable securities and other investments | (1,594,000,000) | (6,129,000,000) | (5,604,000,000) |
| Proceeds from disposition of marketable securities and other investments | 3,345,000,000 | 7,877,000,000 | 3,599,000,000 |
| Non-operating finance receivables-net | (291,000,000) | (405,000,000) | (184,000,000) |
| Acquisition of businesses, net of cash acquired | (1,811,000,000) | (5,922,000,000) | (1,194,000,000) |
| Divestiture of businesses, net of cash transferred | 14,000,000 | 55,000,000 | 400,000,000 |
| Net cash used in investing activities | (4,396,000,000) | (8,507,000,000) | (6,729,000,000) |
| Cash flows from financing activities | |||
| Proceeds from new debt | 9,996,000,000 | 8,055,000,000 | 6,683,000,000 |
| Payments to settle debt | (8,947,000,000) | (6,522,000,000) | (13,495,000,000) |
| Short-term borrowings/(repayments) less than 90 days-net | 1,321,000,000 | 817,000,000 | (651,000,000) |
| Common stock repurchases | (15,046,000,000) | (15,375,000,000) | (7,429,000,000) |
| Common stock transactions - other | 2,453,000,000 | 3,774,000,000 | 3,052,000,000 |
| Cash dividends paid | (3,473,000,000) | (3,177,000,000) | (2,860,000,000) |
| Net cash used in financing activities | (13,696,000,000) | (12,429,000,000) | (14,700,000,000) |
| Effect of exchange rate changes on cash and cash equivalents | (493,000,000) | (135,000,000) | 98,000,000 |
| Net change in cash and cash equivalents | 1,262,000,000 | (1,522,000,000) | (558,000,000) |
| Cash and cash equivalents at January 1 | 10,661,000,000 | 12,183,000,000 | |
| Cash and cash equivalents at December 31 | 11,922,000,000 | 10,661,000,000 | 12,183,000,000 |
| Supplemental data | |||
| Income taxes paid - net of refunds received | 4,168,000,000 | 3,238,000,000 | 1,567,000,000 |
| Interest paid on debt | 956,000,000 | 951,000,000 | 1,240,000,000 |
| Capital lease obligations | 39,000,000 | 30,000,000 | 15,000,000 |
| External Links | |
| INTERNATIONAL BUSINESS MACHINES CORP (IBM) Fiscal Year 2011 | |
| 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 |