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: 2022 | |||
CONSOLIDATED STATEMENT OF CASH FLOWS | |||
Period Ending Dec 31, 2022 10-K (Filed: Feb 28, 2023) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
| Cash flows from operating activities | |||
| Net income | $ 1,639 | 5,743 | 5,590 |
| Adjustments to reconcile net income to cash provided by operating activities | |||
| Pension settlement charge | 5,894 | ||
| Depreciation | 2,407 | 3,888 | 4,227 |
| Amortization of intangibles | 2,395 | 2,529 | 2,468 |
| Stock-based compensation | 987 | 982 | 937 |
| Deferred taxes | (2,726) | (2,001) | (3,203) |
| Net (gain)/loss on asset sales and other | (122) | (307) | (70) |
| Change in operating assets and liabilities, net of acquisitions/divestitures | |||
| Receivables (including financing receivables) | (539) | 1,372 | 5,297 |
| Retirement related | 331 | 1,038 | 936 |
| Inventory | 71 | 138 | (209) |
| Other assets/other liabilities | (115) | (671) | 2,087 |
| Accounts payable | 213 | 85 | 138 |
| Net cash provided by operating activities | 10,435 | 12,796 | 18,197 |
| Cash flows from investing activities | |||
| Payments for property, plant and equipment | (1,346) | (2,062) | (2,618) |
| Proceeds from disposition of property, plant and equipment | 111 | 387 | 188 |
| Investment in software | (626) | (706) | (612) |
| Purchases of marketable securities and other investments | (5,930) | (3,561) | (6,246) |
| Proceeds from disposition of marketable securities and other investments | 4,665 | 3,147 | 5,618 |
| Non-operating finance receivables - net | 0 | 0 | 475 |
| Acquisition of businesses, net of cash acquired | (2,348) | (3,293) | (336) |
| Divestiture of businesses, net of cash transferred | 1,272 | 114 | 503 |
| Net cash provided by/(used in) investing activities | (4,202) | (5,975) | (3,028) |
| Cash flows from financing activities | |||
| Proceeds from new debt | 7,804 | 522 | 10,504 |
| Payments to settle debt | (6,800) | (8,597) | (13,365) |
| Short-term borrowings/(repayments) less than 90 days - net | 217 | (40) | (853) |
| Common stock repurchases for tax withholdings | (407) | (319) | (302) |
| Financing - other | 176 | 70 | 92 |
| Distribution from Kyndryl | 879 | ||
| Cash dividends paid | (5,948) | (5,869) | (5,797) |
| Net cash provided by/(used in) financing activities | (4,958) | (13,354) | (9,721) |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | (244) | (185) | (87) |
| Net change in cash, cash equivalents and restricted cash | 1,032 | (6,718) | 5,361 |
| Cash, cash equivalents and restricted cash at January 1 | 6,957 | 13,675 | |
| Cash, cash equivalents and restricted cash at December 31 | 7,988 | 6,957 | 13,675 |
| Supplemental data | |||
| Income taxes paid-net of refunds received | 1,865 | 2,103 | 2,253 |
| Interest paid on debt | 1,401 | 1,512 | 1,830 |
| External Links | |
| INTERNATIONAL BUSINESS MACHINES CORP (IBM) Fiscal Year 2022 | |
| 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 |