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: 2010 | |||
Consolidated Statement of Earnings | |||
Period Ending Dec 31, 2010 10-K (Filed: Feb 22, 2011) | |||
| (In Dollars) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | |
| Revenue: | |||
| Services | $ 56,868,000,000 | 55,128,000,000 | 58,892,000,000 |
| Sales | 40,736,000,000 | 38,300,000,000 | 42,156,000,000 |
| Financing | 2,267,000,000 | 2,331,000,000 | 2,582,000,000 |
| Total revenue | 99,870,000,000 | 95,758,000,000 | 103,630,000,000 |
| Cost: | |||
| Services | 38,383,000,000 | 37,146,000,000 | 40,937,000,000 |
| Sales | 14,374,000,000 | 13,606,000,000 | 15,776,000,000 |
| Financing | 1,100,000,000 | 1,220,000,000 | 1,256,000,000 |
| Total cost | 53,857,000,000 | 51,973,000,000 | 57,969,000,000 |
| Gross profit | 46,014,000,000 | 43,785,000,000 | 45,661,000,000 |
| Expense and other income: | |||
| Selling, general and administrative | 21,837,000,000 | 20,952,000,000 | 23,386,000,000 |
| Research, development and engineering (Note Q) | 6,026,000,000 | 5,820,000,000 | 6,337,000,000 |
| Intellectual property and custom development income | (1,154,000,000) | (1,177,000,000) | (1,153,000,000) |
| Other (income) and expense | (787,000,000) | (351,000,000) | (298,000,000) |
| Interest expense (Notes K&L) | 368,000,000 | 402,000,000 | 673,000,000 |
| Total expense and other income | 26,291,000,000 | 25,647,000,000 | 28,945,000,000 |
| Income before income taxes | 19,723,000,000 | 18,138,000,000 | 16,715,000,000 |
| Provision for income taxes (Note P) | 4,890,000,000 | 4,713,000,000 | 4,381,000,000 |
| Net income | 14,833,000,000 | 13,425,000,000 | 12,334,000,000 |
| Earnings per share of common stock: | |||
| Assuming dilution (in dollars per share) (Note R) | 12 | 10 | 9 |
| Basic (in dollars per share) (Note R) | 12 | 10 | 9 |
| Weighted-average number of common shares outstanding: | |||
| Assuming dilution (in shares) | 1,287,355,388 | 1,341,352,754 | 1,387,797,198 |
| Basic (in shares) | 1,268,789,202 | 1,327,157,410 | 1,369,367,069 |
| External Links | |
| INTERNATIONAL BUSINESS MACHINES CORP (IBM) Fiscal Year 2010 | |
| 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 |