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: 2017 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 31, 2017 10-K (Filed: Feb 27, 2018) | |||
(In Millions, except shares in actual) | |||
12 Months Ended | 12 Months Ended | 12 Months Ended | |
Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
Cash flows from operating activities | |||
Net income | $ 5,753 | 11,872 | 13,190 |
Adjustments to reconcile net income to cash provided by operating activities | |||
Depreciation | 3,021 | 2,837 | 2,662 |
Amortization of intangibles | 1,520 | 1,544 | 1,193 |
Stock-based compensation | 534 | 544 | 468 |
Deferred taxes | (931) | (1,132) | 1,387 |
Net (gain)/loss on asset sales and other | 14 | 62 | 481 |
Loss on microelectronics business disposal | 71 | ||
Change in operating assets and liabilities, net of acquisitions/divestitures | |||
Receivables (including financing receivables) | 1,297 | 712 | 812 |
Retirement related | 1,014 | 54 | (22) |
Inventories | 18 | (14) | 133 |
Other assets/other liabilities | 4,437 | 408 | (3,200) [1] |
Accounts payable | 47 | 197 | 81 |
Net cash provided by operating activities | 16,724 | 17,084 | 17,255 |
Cash flows from investing activities | |||
Payments for property, plant and equipment | (3,229) | (3,567) | (3,579) |
Proceeds from disposition of property, plant and equipment | 460 | 424 | 370 |
Investment in software | (544) | (583) | (572) |
Purchases of marketable securities and other investments | (4,964) | (5,917) | (3,073) |
Proceeds from disposition of marketable securities and other investments | 3,910 | 5,692 | 2,842 |
Non-operating finance receivables - net | (2,028) | (891) | (398) |
Acquisition of businesses, net of cash acquired | (496) | (5,679) | (3,349) |
Divestiture of businesses, net of cash transferred | (205) | (454) | (401) |
Net cash used in investing activities | (7,096) | (10,976) | (8,159) |
Cash flows from financing activities | |||
Proceeds from new debt | 9,643 | 9,132 | 5,540 |
Payments to settle debt | (6,816) | (6,395) | (5,622) |
Short-term borrowings/(repayments) less than 90 days - net | 620 | 26 | 101 |
Common stock repurchases | (4,340) | (3,502) | (4,609) |
Common stock repurchases for tax withholdings | (193) | (126) | (248) |
Common stock transactions - other | 175 | 204 | 322 |
Cash dividends paid | (5,506) | (5,256) | (4,897) |
Net cash used in financing activities | (6,418) | (5,917) | (9,413) |
Effect of exchange rate changes on cash and cash equivalents | 937 | (51) | (473) |
Net change in cash and cash equivalents | 4,146 | 140 | (790) |
Cash and cash equivalents at beginning of period | 7,826 | 7,686 | |
Cash and cash equivalents at end of period | 11,972 | 7,826 | 7,686 |
Supplemental data | |||
Income taxes paid - net of refunds received | 1,597 | 1,078 | 2,657 |
Interest paid on debt | 1,208 | 1,158 | 995 |
[1] Reclassified to reflect adoption of the FASB guidance on share-based compensation. |
External Links | |
INTERNATIONAL BUSINESS MACHINES CORP (IBM) Fiscal Year 2017 | |
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 |