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: 2016 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 31, 2016 10-K (Filed: Feb 28, 2017) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
| Cash flows from operating activities | |||
| Net income | $ 11,872 | 13,190 | 12,022 |
| Adjustments to reconcile net income to cash provided by operating activities | |||
| Depreciation | 2,837 | 2,662 | 3,145 |
| Amortization of intangibles | 1,544 | 1,193 | 1,347 |
| Stock-based compensation | 544 | 468 | 512 |
| Deferred taxes | (1,132) | 1,387 | (237) |
| Net (gain)/loss on asset sales and other | 62 | 481 | (1,535) |
| Loss on microelectronics business disposal | 71 | 3,381 | |
| Change in operating assets and liabilities, net of acquisitions/divestitures | |||
| Receivables (including financing receivables) | 712 | 812 | 1,270 |
| Retirement related | 54 | (22) | (655) |
| Inventories | (14) | 133 | (39) |
| Other assets/other liabilities | 282 | (3,448) | (1,886) |
| Accounts payable | 197 | 81 | (456) |
| Net cash provided by operating activities | 16,958 | 17,008 | 16,868 |
| Cash flows from investing activities | |||
| Payments for property, plant and equipment | (3,567) | (3,579) | (3,740) |
| Proceeds from disposition of property, plant and equipment | 424 | 370 | 404 |
| Investment in software | (583) | (572) | (443) |
| Purchases of marketable securities and other investments | (5,917) | (3,073) | (2,338) |
| Proceeds from disposition of marketable securities and other investments | 5,692 | 2,842 | 2,493 |
| Non-operating finance receivables - net | (891) | (398) | (1,078) |
| Acquisition of businesses, net of cash acquired | (5,679) | (3,349) | (656) |
| Divestiture of businesses, net of cash transferred | (454) | (401) | 2,357 |
| Net cash used in investing activities | (10,976) | (8,159) | (3,001) |
| Cash flows from financing activities | |||
| Proceeds from new debt | 9,132 | 5,540 | 8,180 |
| Payments to settle debt | (6,395) | (5,622) | (4,644) |
| Short-term borrowings/(repayments) less than 90 days - net | 26 | 101 | (1,753) |
| Common stock repurchases | (3,502) | (4,609) | (13,679) |
| Common stock transactions - other | 204 | 322 | 709 |
| Cash dividends paid | (5,256) | (4,897) | (4,265) |
| Net cash used in financing activities | (5,791) | (9,166) | (15,452) |
| Effect of exchange rate changes on cash and cash equivalents | (51) | (473) | (655) |
| Net change in cash and cash equivalents | 140 | (790) | (2,240) |
| Cash and cash equivalents at beginning of period | 7,686 | 8,476 | |
| Cash and cash equivalents at end of period | 7,826 | 7,686 | 8,476 |
| Supplemental data | |||
| Income taxes paid - net of refunds received | 1,078 | 2,657 | 5,748 |
| Interest paid on debt | 1,158 | 995 | 1,061 |
| External Links | |
| INTERNATIONAL BUSINESS MACHINES CORP (IBM) Fiscal Year 2016 | |
| 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 |