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: 2015 | |||
Consolidated Statement of Earnings | |||
Period Ending Dec 31, 2015 10-K (Filed: Feb 23, 2016) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
| Revenue | |||
| Services | $ 49,911 | 55,673 | 57,655 |
| Sales | 29,967 | 35,063 | 38,666 |
| Financing | 1,864 | 2,057 | 2,047 |
| Total revenue (Note T) | 81,741 | 92,793 | 98,367 |
| Cost | |||
| Services | 33,126 | 36,034 | 37,564 |
| Sales | 6,920 | 9,312 | 11,009 |
| Financing | 1,011 | 1,040 | 1,110 |
| Total cost | 41,057 | 46,386 | 49,683 |
| Gross profit | 40,684 | 46,407 | 48,684 |
| Expense and other (income) | |||
| Selling, general and administrative | 20,430 | 23,180 | 23,451 |
| Research, development and engineering (Note O) | 5,247 | 5,437 | 5,743 |
| Intellectual property and custom development income | (682) | (742) | (822) |
| Other (income) and expense | (724) | (1,938) | (333) |
| Interest expense (Note D&J) | 468 | 484 | 402 |
| Total expense and other (income) | 24,740 | 26,421 | 28,440 |
| Income from continuing operations before income taxes | 15,945 | 19,986 | 20,244 |
| Provision for income taxes (Note N) | 2,581 | 4,234 | 3,363 |
| Income from continuing operations | 13,364 | 15,751 | 16,881 |
| Loss from discontinued operations, net of tax (Note C) | (174) | (3,729) | (398) |
| Net income | 13,190 | 12,022 | 16,483 |
| Earnings/(loss) per share of common stock | |||
| Assuming dilution | |||
| Continuing operations (in dollars per share) (Note P) | 13.60 | 15.59 | 15.30 |
| Discontinued operations (in dollars per share) (Note P) | (0.18) | (3.69) | (0.36) |
| Total (in dollars per share) (Note P) | 13.42 | 11.90 | 14.94 |
| Basic | |||
| Continuing operations (in dollars per share) (Note P) | 13.66 | 15.68 | 15.42 |
| Discontinued operations (in dollars per share) (Note P) | (0.18) | (3.71) | (0.36) |
| Total (in dollars per share) (Note P) | 13.48 | 11.97 | 15.06 |
| Weighted-average number of common shares outstanding | |||
| Assuming dilution (in shares) | 982,700,267 | 1,010,000,480 | 1,103,042,156 |
| Basic (in shares) | 978,744,523 | 1,004,272,584 | 1,094,486,604 |
| External Links | |
| INTERNATIONAL BUSINESS MACHINES CORP (IBM) Fiscal Year 2015 | |
| 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 |