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: 2009 | |||
Consolidated Statement of Earnings | |||
Period Ending Dec 31, 2009 10-K (Filed: Feb 23, 2010) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2009 | Dec 31, 2008 | Dec 31, 2007 | |
| Gross profit: | |||
| Revenue: | |||
| Services | $ 55,128 | 58,892 | 54,057 |
| Sales | 38,300 | 42,156 | 42,202 |
| Financing | 2,331 | 2,582 | 2,526 |
| Total revenue | 95,758 | 103,630 | 98,786 |
| Cost: | |||
| Services | 37,146 | 40,937 | 39,160 |
| Sales | 13,606 | 15,776 | 16,552 |
| Financing | 1,220 | 1,256 | 1,345 |
| Total cost | 51,973 | 57,969 | 57,057 |
| Gross profit | 43,785 | 45,661 | 41,729 |
| Expense and other income: | |||
| Selling, general and administrative | 20,952 | 23,386 | 22,060 |
| Research, development and engineering (Note Q) | 5,820 | 6,337 | 6,153 |
| Intellectual property and custom development income | (1,177) | (1,153) | (958) |
| Other (income) and expense | (351) | (298) | (626) |
| Interest expense (Notes K & L) | 402 | 673 | 611 |
| Total expense and other income | 25,647 | 28,945 | 27,240 |
| Income from continuing operations before income taxes | 18,138 | 16,715 | 14,489 |
| Provision for income taxes (Note P) | 4,713 | 4,381 | 4,071 |
| Income from continuing operations | 13,425 | 12,334 | 10,418 |
| Discontinued operations: | |||
| Income/(loss) from discontinued operations, net of tax | 0 | ||
| Net income | 13,425 | 12,334 | 10,418 |
| Earnings/(loss) per share of common stock: | |||
| Earnings/(loss) per share of common stock, assuming dilution: | |||
| Continuing operations (Note R) | 10.01 | 8.89 [1] | 7.15 |
| Discontinued operations (Note R) | 0.00 | ||
| Total (Note R) | 10.01 | 8.89 | 7.15 |
| Earnings/(loss) per share of common stock, basic: | |||
| Continuing operations (Note R) | 10.12 | 9.02 | 7.27 |
| Discontinued operations (Note R) | 0.00 | ||
| Total (Note R) | 10.12 | 9.02 | 7.27 |
| Weighted-average number of common shares outstanding: | |||
| Assuming dilution | 1,341,352,754 | 1,387,797,198 | 1,456,880,751 |
| Basic | 1,327,157,410 | 1,369,367,069 | 1,433,935,221 |
| [1] Reflects the adoption of the Financial Accounting Standards Board (FASB) guidance in determining whether instruments granted in share-based payment transactions are participating securities. See note B, "Accounting Changes," on pages 79 to 82 for additional information. | |||
| External Links | |
| INTERNATIONAL BUSINESS MACHINES CORP (IBM) Fiscal Year 2009 | |
| 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 |