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 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 |
| 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 |