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: 2015 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 31, 2015 10-K (Filed: Feb 23, 2016) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
| Cash flows from operating activities | |||
| Net income | $ 13,190 | 12,022 | 16,483 |
| Adjustments to reconcile net income to cash provided by operating activities | |||
| Depreciation | 2,662 | 3,145 | 3,327 |
| Amortization of intangibles | 1,193 | 1,347 | 1,351 |
| Stock-based compensation | 468 | 512 | 614 |
| Deferred taxes | 1,387 | (237) | (1,610) |
| Net (gain)/loss on asset sales and other | 481 | (1,535) | (236) |
| Loss on Microelectronics business disposal | 71 | 3,381 | |
| Changes in operating assets and liabilities, net of acquisitions/divestitures | |||
| Receivables (including financing receivables) | 812 | 1,270 | (1,407) |
| Retirement related | (22) | (655) | 294 |
| Inventories | 133 | (39) | (57) |
| Other assets/other liabilities | (3,448) | (1,886) | (747) |
| Accounts payable | 81 | (456) | (529) |
| Net cash provided by operating activities | 17,008 | 16,868 | 17,485 |
| Cash flows from investing activities | |||
| Payments for property, plant and equipment | (3,579) | (3,740) | (3,623) |
| Proceeds from disposition of property, plant and equipment | 370 | 404 | 372 |
| Investment in software | (572) | (443) | (517) |
| Purchases of marketable securities and other investments | (3,073) | (2,338) | (4,608) |
| Proceeds from disposition of marketable securities and other investments | 2,842 | 2,493 | 4,873 |
| Non-operating finance receivables - net | (398) | (1,078) | (1,063) |
| Acquisition of businesses, net of cash acquired | (3,349) | (656) | (3,056) |
| Divestitures of businesses, net of cash transferred | (401) | 2,357 | 297 |
| Net cash used in investing activities | (8,159) | (3,001) | (7,326) |
| Cash flows from financing activities | |||
| Proceeds from new debt | 5,540 | 8,180 | 16,353 |
| Payments to settle debt | (5,622) | (4,644) | (10,013) |
| Short-term borrowings/(repayments) less than 90 days - net | 101 | (1,753) | 621 |
| Common stock repurchases | (4,609) | (13,679) | (13,859) |
| Common stock transactions - other | 322 | 709 | 1,074 |
| Cash dividends paid | (4,897) | (4,265) | (4,058) |
| Net cash used in financing activities | (9,166) | (15,452) | (9,883) |
| Effect of exchange rate changes on cash and cash equivalents | (473) | (655) | 28 |
| Net change in cash and cash equivalents | (790) | (2,240) | 304 |
| Cash and cash equivalents at January 1 | 8,476 | 10,716 | |
| Cash and cash equivalents at December 31 | 7,686 | 8,476 | 10,716 |
| Supplemental data | |||
| Income taxes paid-net of refunds received | 2,657 | 5,748 | 4,024 |
| Interest paid on debt | 995 | 1,061 | 982 |
| Capital lease obligations | 4 | 2 | 14 |
| External Links | |
| INTERNATIONAL BUSINESS MACHINES CORP (IBM) Fiscal Year 2015 | |
| 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 |