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: 2018 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 31, 2018 10-K (Filed: Feb 26, 2019) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | |
| Cash flows from operating activities | |||
| Net income | $ 8,728 | 5,753 | 11,872 |
| Adjustments to reconcile net income to cash provided by operating activities | |||
| Depreciation | 3,127 | 3,021 | 2,837 |
| Amortization of intangibles | 1,353 | 1,520 | 1,544 |
| Stock-based compensation | 510 | 534 | 544 |
| Deferred taxes | 853 | (931) | (1,132) |
| Net (gain)/loss on asset sales and other | 123 | 14 | 62 |
| Change in operating assets and liabilities, net of acquisitions/divestitures | |||
| Receivables (including financing receivables) | 1,006 | 1,297 | 712 |
| Retirement related | 1,368 | 1,014 | 54 |
| Inventories | (127) | 18 | (14) |
| Other assets/other liabilities | (1,819) | 4,437 | 408 |
| Accounts payable | 126 | 47 | 197 |
| Net cash provided by operating activities | 15,247 | 16,724 | 17,084 |
| Cash flows from investing activities | |||
| Payments for property, plant and equipment | (3,395) | (3,229) | (3,567) |
| Proceeds from disposition of property, plant and equipment | 248 | 460 | 424 |
| Investment in software | (569) | (544) | (583) |
| Purchases of marketable securities and other investments | (7,041) | (4,949) | (5,853) |
| Proceeds from disposition of marketable securities and other investments | 6,487 | 3,910 | 5,692 |
| Non-operating finance receivables - net | (503) | (2,028) | (891) |
| Acquisition of businesses, net of cash acquired | (139) | (496) | (5,696) |
| Divestiture of businesses, net of cash transferred | (205) | (454) | |
| Net cash used in investing activities | (4,913) | (7,081) | (10,928) |
| Cash flows from financing activities | |||
| Proceeds from new debt | 6,891 | 9,643 | 9,132 |
| Payments to settle debt | (8,533) | (6,816) | (6,395) |
| Short-term borrowings/(repayments) less than 90 days - net | 1,341 | 620 | 26 |
| Common stock repurchases | (4,443) | (4,340) | (3,502) |
| Common stock repurchases for tax withholdings | (171) | (193) | (126) |
| Financing - other | 111 | 175 | 204 |
| Cash dividends paid | (5,666) | (5,506) | (5,256) |
| Net cash used in financing activities | (10,469) | (6,418) | (5,917) |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | (495) | 937 | (51) |
| Net change in cash, cash equivalents and restricted cash | (630) | 4,161 | 188 |
| Cash, cash equivalents and restricted cash at beginning of period | 12,234 | 8,073 | |
| Cash, cash equivalents and restricted cash at end of period | 11,604 | 12,234 | 8,073 |
| Supplemental data | |||
| Income taxes paid - net of refunds received | 1,745 | 1,597 | 1,078 |
| Interest paid on debt | 1,423 | 1,208 | 1,158 |
| External Links | |
| INTERNATIONAL BUSINESS MACHINES CORP (IBM) Fiscal Year 2018 | |
| 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 |