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: 2011 | |||
Consolidated Statement of Earnings | |||
Period Ending Dec 31, 2011 10-K (Filed: Feb 28, 2012) | |||
| (In Dollars) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | |
| Revenue | |||
| Services | $ 60,721,000,000 | 56,868,000,000 | 55,128,000,000 |
| Sales | 44,063,000,000 | 40,736,000,000 | 38,300,000,000 |
| Financing | 2,132,000,000 | 2,267,000,000 | 2,331,000,000 |
| Total revenue | 106,916,000,000 | 99,870,000,000 | 95,758,000,000 |
| Cost | |||
| Services | 40,740,000,000 | 38,383,000,000 | 37,146,000,000 |
| Sales | 14,973,000,000 | 14,374,000,000 | 13,606,000,000 |
| Financing | 1,065,000,000 | 1,100,000,000 | 1,220,000,000 |
| Total cost | 56,778,000,000 | 53,857,000,000 | 51,973,000,000 |
| Gross profit | 50,138,000,000 | 46,014,000,000 | 43,785,000,000 |
| Expense and other income | |||
| Selling, general and administrative | 23,594,000,000 | 21,837,000,000 | 20,952,000,000 |
| Research, development and engineering (Note O) | 6,258,000,000 | 6,026,000,000 | 5,820,000,000 |
| Intellectual property and custom development income | (1,108,000,000) | (1,154,000,000) | (1,177,000,000) |
| Other (income) and expense | (20,000,000) | (787,000,000) | (351,000,000) |
| Interest expense (Notes D&J) | 411,000,000 | 368,000,000 | 402,000,000 |
| Total expense and other income | 29,135,000,000 | 26,291,000,000 | 25,647,000,000 |
| Income before income taxes | 21,003,000,000 | 19,723,000,000 | 18,138,000,000 |
| Provision for income taxes (Note N) | 5,148,000,000 | 4,890,000,000 | 4,713,000,000 |
| Net income | 15,855,000,000 | 14,833,000,000 | 13,425,000,000 |
| Earnings per share of common stock | |||
| Assuming dilution (in dollars per share) (Note P) | 13 | 12 | 10 |
| Basic (in dollars per share) (Note P) | 13 | 12 | 10 |
| Weighted-average number of common shares outstanding | |||
| Assuming dilution (in shares) | 1,213,767,985 | 1,287,355,388 | 1,341,352,754 |
| Basic (in shares) | 1,196,951,006 | 1,268,789,202 | 1,327,157,410 |
| External Links | |
| INTERNATIONAL BUSINESS MACHINES CORP (IBM) Fiscal Year 2011 | |
| 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 |