10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
| ||||||||||||||
|
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
INTERNATIONAL BUSINESS MACHINES CORP | |||
Ticker: IBM Fiscal Year: 2021 | |||
CONSOLIDATED STATEMENT OF CASH FLOWS | |||
Period Ending Dec 31, 2021 10-K (Filed: Feb 22, 2022) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
| Cash flows from operating activities | |||
| Net income | $ 5,743 | 5,590 | 9,431 |
| Adjustments to reconcile net income to cash provided by operating activities | |||
| Depreciation | 3,888 | 4,227 | 4,209 |
| Amortization of intangibles | 2,529 | 2,468 | 1,850 |
| Stock-based compensation | 982 | 937 | 679 |
| Deferred taxes | (2,001) | (3,203) | (1,527) |
| Net (gain)/loss on asset sales and other | (307) | (70) | (1,096) |
| Change in operating assets and liabilities, net of acquisitions/divestitures | |||
| Receivables (including financing receivables) | 1,372 | 5,297 | 502 |
| Retirement related | 1,038 | 936 | 301 |
| Inventory | 138 | (209) | 67 |
| Other assets/other liabilities | (671) | 2,087 | 858 |
| Accounts payable | 85 | 138 | (503) |
| Net cash provided by operating activities | 12,796 | 18,197 | 14,770 |
| Cash flows from investing activities | |||
| Payments for property, plant and equipment | (2,062) | (2,618) | (2,286) |
| Proceeds from disposition of property, plant and equipment | 387 | 188 | 537 |
| Investment in software | (706) | (612) | (621) |
| Purchases of marketable securities and other investments | (3,561) | (6,246) | (3,693) |
| Proceeds from disposition of marketable securities and other investments | 3,147 | 5,618 | 3,961 |
| Non-operating finance receivables - net | 0 | 475 | 6,720 |
| Acquisition of businesses, net of cash acquired | (3,293) | (336) | (32,630) |
| Divestiture of businesses, net of cash transferred | 114 | 503 | 1,076 |
| Net cash provided by/(used in) investing activities | (5,975) | (3,028) | (26,936) |
| Cash flows from financing activities | |||
| Proceeds from new debt | 522 | 10,504 | 31,825 |
| Payments to settle debt | (8,597) | (13,365) | (12,944) |
| Short-term borrowings/(repayments) less than 90 days - net | (40) | (853) | (2,597) |
| Common stock repurchases | (1,361) | ||
| Common stock repurchases for tax withholdings | (319) | (302) | (272) |
| Financing - other | 70 | 92 | 99 |
| Distribution from Kyndryl | 879 | ||
| Cash dividends paid | (5,869) | (5,797) | (5,707) |
| Net cash provided by/(used in) financing activities | (13,354) | (9,721) | 9,042 |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | (185) | (87) | (167) |
| Net change in cash, cash equivalents and restricted cash | (6,718) | 5,361 | (3,290) |
| Cash, cash equivalents and restricted cash at January 1 | 13,675 | 8,314 | |
| Cash, cash equivalents and restricted cash at December 31 | 6,957 | 13,675 | 8,314 |
| Supplemental data | |||
| Income taxes paid-net of refunds received | 2,103 | 2,253 | 2,091 |
| Interest paid on debt | 1,512 | 1,830 | 1,685 |
| External Links | |
| INTERNATIONAL BUSINESS MACHINES CORP (IBM) Fiscal Year 2021 | |
| 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 |