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: 2014 | |||
Consolidated Statement of Earnings | |||
Period Ending Dec 31, 2014 10-K (Filed: Feb 24, 2015) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
| Revenue | |||
| Services | $ 55,673 | 57,655 [1] | 59,453 |
| Sales | 35,063 | 38,666 | 41,381 |
| Financing | 2,057 | 2,047 | 2,040 |
| Total revenue (Note T) | 92,793 | 98,367 | 102,874 |
| Cost | |||
| Services | 36,034 | 37,564 | 39,166 |
| Sales | 9,312 | 11,009 | 12,260 |
| Financing | 1,040 | 1,110 | 1,087 |
| Total cost | 46,386 | 49,683 | 52,513 |
| Gross profit | 46,407 | 48,684 | 50,361 |
| Expense and other (income) | |||
| Selling, general and administrative | 23,180 | 23,451 | 23,463 |
| Research, development and engineering (Note O) | 5,437 | 5,743 | 5,816 |
| Intellectual property and custom development income | (742) | (822) | (1,074) |
| Other (income) and expense | (1,938) | (333) | (843) |
| Interest expense (Note D&J) | 484 | 402 | 459 |
| Total expense and other (income) | 26,421 | 28,440 | 27,821 |
| Income from continuing operations before income taxes | 19,986 | 20,244 | 22,540 |
| Provision for income taxes (Note N) | 4,234 | 3,363 | 5,541 |
| Income from continuing operations | 15,751 | 16,881 | 16,999 |
| Discontinued operations: | |||
| Loss from discontinued operations, net of tax (Note C) | (3,729) | (398) | (395) |
| Net income | 12,022 | 16,483 | 16,604 |
| Earnings/(loss) per share of common stock | |||
| Assuming dilution | |||
| Continuing operations (in dollars per share) (Note P) | 15.59 | 15.30 | 14.71 |
| Discontinued operations (in dollars per share) (Note P) | (3.69) | (0.36) | (0.34) |
| Total (in dollars per share) (Note P) | 11.90 | 14.94 | 14.37 |
| Basic | |||
| Continuing operations (in dollars per share) (Note P) | 15.68 | 15.42 | 14.88 |
| Discontinued operations (in dollars per share) (Note P) | (3.71) | (0.36) | (0.35) |
| Total (in dollars per share) (Note P) | 11.97 | 15.06 | 14.53 |
| Weighted-average number of common shares outstanding | |||
| Assuming dilution (in shares) | 1,010,000,480 | 1,103,042,156 | 1,155,449,317 |
| Basic (in shares) | 1,004,272,584 | 1,094,486,604 | 1,142,508,521 |
| [1] Reclassifed to reflect discontinued operation presentation. | |||
| External Links | |
| INTERNATIONAL BUSINESS MACHINES CORP (IBM) Fiscal Year 2014 | |
| 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 |