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: 2019 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 31, 2019 10-K (Filed: Feb 25, 2020) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
| Cash flows from operating activities | |||
| Net income | $ 9,431 | 8,728 | 5,753 |
| Adjustments to reconcile net income to cash provided by operating activities | |||
| Depreciation | 4,209 | 3,127 | 3,021 |
| Amortization of intangibles | 1,850 | 1,353 | 1,520 |
| Stock-based compensation | 679 | 510 | 534 |
| Deferred taxes | (1,527) | 853 | (931) |
| Net (gain)/loss on asset sales and other | (1,096) | 123 | 14 |
| Change in operating assets and liabilities, net of acquisitions/divestitures | |||
| Receivables (including financing receivables) | 502 | 1,006 | 1,297 |
| Retirement related | 301 | 1,368 | 1,014 |
| Inventory | 67 | (127) | 18 |
| Other assets/other liabilities | 858 | (1,819) | 4,437 |
| Accounts payable | (503) | 126 | 47 |
| Net cash provided by operating activities | 14,770 | 15,247 | 16,724 |
| Cash flows from investing activities | |||
| Payments for property, plant and equipment | (2,286) | (3,395) | (3,229) |
| Proceeds from disposition of property, plant and equipment | 537 | 248 | 460 |
| Investment in software | (621) | (569) | (544) |
| Purchases of marketable securities and other investments | (3,693) | (7,041) | (4,949) |
| Proceeds from disposition of marketable securities and other investments | 3,961 | 6,487 | 3,910 |
| Non-operating finance receivables - net | 6,720 | (503) | (2,028) |
| Acquisition of businesses, net of cash acquired | (32,630) | (139) | (496) |
| Divestiture of businesses, net of cash transferred | 1,076 | (205) | |
| Net cash provided by/(used in) investing activities | (26,936) | (4,913) | (7,081) |
| Cash flows from financing activities | |||
| Proceeds from new debt | 31,825 | 6,891 | 9,643 |
| Payments to settle debt | (12,944) | (8,533) | (6,816) |
| Short-term borrowings/(repayments) less than 90 days - net | (2,597) | 1,341 | 620 |
| Common stock repurchases | (1,361) | (4,443) | (4,340) |
| Common stock repurchases for tax withholdings | (272) | (171) | (193) |
| Financing - other | 99 | 111 | 175 |
| Cash dividends paid | (5,707) | (5,666) | (5,506) |
| Net cash provided by/(used in) financing activities | 9,042 | (10,469) | (6,418) |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | (167) | (495) | 937 |
| Net change in cash, cash equivalents and restricted cash | (3,290) | (630) | 4,161 |
| Cash, cash equivalents and restricted cash at beginning of period | 11,604 | 12,234 | |
| Cash, cash equivalents and restricted cash at end of period | 8,314 | 11,604 | 12,234 |
| Supplemental data | |||
| Income taxes paid - net of refunds received | 2,091 | 1,745 | 1,597 |
| Interest paid on debt | 1,685 | 1,423 | 1,208 |
| External Links | |
| INTERNATIONAL BUSINESS MACHINES CORP (IBM) Fiscal Year 2019 | |
| 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 |