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: 2014 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 31, 2014 10-K (Filed: Feb 24, 2015) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
| Cash flows from operating activities | |||
| Net income | $ 12,022 | 16,483 | 16,604 |
| Adjustments to reconcile net income to cash provided by operating activities | |||
| Depreciation | 3,145 | 3,327 | 3,392 |
| Amortization of intangibles | 1,347 | 1,351 | 1,284 |
| Stock-based compensation | 512 | 614 | 688 |
| Deferred taxes | (237) | (1,610) | 797 |
| Net (gain)/loss on asset sales and other | (1,535) | (236) | (729) |
| Loss on microelectronics business disposal | 3,381 | ||
| Changes in operating assets and liabilities, net of acquisitions/divestitures | |||
| Receivables (including financing receivables) | 1,270 | (1,407) | (2,230) |
| Retirement related | (655) | 294 | (1,008) |
| Inventories | (39) | (57) | 280 |
| Other assets/other liabilities | (1,886) | (747) | 733 |
| Accounts payable | (456) | (529) | (224) |
| Net cash provided by operating activities | 16,868 | 17,485 | 19,586 |
| Cash flows from investing activities | |||
| Payments for property, plant and equipment | (3,740) | (3,623) | (4,082) |
| Proceeds from disposition of property, plant and equipment | 404 | 372 | 410 |
| Investment in software | (443) | (517) | (635) |
| Purchases of marketable securities and other investments | (2,338) | (4,608) | (4,109) |
| Proceeds from disposition of marketable securities and other investments | 2,493 | 4,873 | 3,142 |
| Non-operating finance receivables - net | (1,078) | (1,063) | (608) |
| Acquisition of businesses, net of cash acquired | (656) | (3,056) | (3,722) |
| Divestitures of businesses, net of cash transferred | 2,357 | 297 | 599 |
| Net cash used in investing activities | (3,001) | (7,326) | (9,004) |
| Cash flows from financing activities | |||
| Proceeds from new debt | 8,180 | 16,353 | 12,242 |
| Payments to settle debt | (4,644) | (10,013) | (9,549) |
| Short-term borrowings/(repayments) less than 90 days - net | (1,753) | 621 | (441) |
| Common stock repurchases | (13,679) | (13,859) | (11,995) |
| Common stock transactions - other | 709 | 1,074 | 1,540 |
| Cash dividends paid | (4,265) | (4,058) | (3,773) |
| Net cash used in financing activities | (15,452) | (9,883) | (11,976) |
| Effect of exchange rate changes on cash and cash equivalents | (655) | 28 | (116) |
| Net change in cash and cash equivalents | (2,240) | 304 | (1,511) |
| Cash and cash equivalents at January 1 | 10,716 | 10,412 | |
| Cash and cash equivalents at December 31 | 8,476 | 10,716 | 10,412 |
| Supplemental data | |||
| Income taxes paid-net of refunds received | 5,748 | 4,024 | 3,169 |
| Interest paid on debt | 1,061 | 982 | 1,009 |
| Capital lease obligations | 2 | 14 | 10 |
| External Links | |
| INTERNATIONAL BUSINESS MACHINES CORP (IBM) Fiscal Year 2014 | |
| 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 |