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: 2020 | |||
CONSOLIDATED STATEMENT OF CASH FLOWS | |||
Period Ending Dec 31, 2020 10-K (Filed: Feb 23, 2021) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
| Cash flows from operating activities | |||
| Net income | $ 5,590 | 9,431 | 8,728 |
| Adjustments to reconcile net income to cash provided by operating activities | |||
| Depreciation | 4,227 | 4,209 | 3,127 |
| Amortization of intangibles | 2,468 | 1,850 | 1,353 |
| Stock-based compensation | 937 | 679 | 510 |
| Deferred taxes | (3,203) | (1,527) | 853 |
| Net (gain)/loss on asset sales and other | (70) | (1,096) | 123 |
| Change in operating assets and liabilities, net of acquisitions/divestitures | |||
| Receivables (including financing receivables) | 5,297 | 502 | 1,006 |
| Retirement related | 936 | 301 | 1,368 |
| Inventory | (209) | 67 | (127) |
| Other assets/other liabilities | 2,087 | 858 | (1,819) |
| Accounts payable | 138 | (503) | 126 |
| Net cash provided by operating activities | 18,197 | 14,770 | 15,247 |
| Cash flows from investing activities | |||
| Payments for property, plant and equipment | (2,618) | (2,286) | (3,395) |
| Proceeds from disposition of property, plant and equipment | 188 | 537 | 248 |
| Investment in software | (612) | (621) | (569) |
| Purchases of marketable securities and other investments | (6,246) | (3,693) | (7,041) |
| Proceeds from disposition of marketable securities and other investments | 5,618 | 3,961 | 6,487 |
| Non-operating finance receivables - net | 475 | 6,720 | (503) |
| Acquisition of businesses, net of cash acquired | (336) | (32,630) | (139) |
| Divestiture of businesses, net of cash transferred | 503 | 1,076 | |
| Net cash provided by/(used in) investing activities | (3,028) | (26,936) | (4,913) |
| Cash flows from financing activities | |||
| Proceeds from new debt | 10,504 | 31,825 | 6,891 |
| Payments to settle debt | (13,365) | (12,944) | (8,533) |
| Short-term borrowings/(repayments) less than 90 days - net | (853) | (2,597) | 1,341 |
| Common stock repurchases | (1,361) | (4,443) | |
| Common stock repurchases for tax withholdings | (302) | (272) | (171) |
| Financing - other | 92 | 99 | 111 |
| Cash dividends paid | (5,797) | (5,707) | (5,666) |
| Net cash provided by/(used in) financing activities | (9,721) | 9,042 | (10,469) |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | (87) | (167) | (495) |
| Net change in cash, cash equivalents and restricted cash | 5,361 | (3,290) | (630) |
| Cash, cash equivalents and restricted cash at January 1 | 8,314 | 11,604 | |
| Cash, cash equivalents and restricted cash at December 31 | 13,675 | 8,314 | 11,604 |
| Supplemental data | |||
| Income taxes paid-net of refunds received | 2,253 | 2,091 | 1,745 |
| Interest paid on debt | 1,830 | 1,685 | 1,423 |
| External Links | |
| INTERNATIONAL BUSINESS MACHINES CORP (IBM) Fiscal Year 2020 | |
| 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 |