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: 2017 | |||
Consolidated Statement of Earnings | |||
Period Ending Dec 31, 2017 10-K (Filed: Feb 27, 2018) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
| Revenue | |||
| Services | $ 50,709 | 51,268 | 49,911 |
| Sales | 26,715 | 26,942 | 29,967 |
| Financing | 1,715 | 1,710 | 1,864 |
| Total revenue (Note T) | 79,139 | 79,919 | 81,741 |
| Cost | |||
| Services | 34,447 | 34,021 | 33,126 |
| Sales | 7,256 | 6,559 | 6,920 |
| Financing | 1,210 | 1,044 | 1,011 |
| Total cost | 42,913 | 41,625 | 41,057 |
| Gross profit | 36,227 | 38,294 | 40,684 |
| Expense and other (income) | |||
| Selling, general and administrative | 20,107 | 21,069 | 20,430 |
| Research, development and engineering (Note O) | 5,787 | 5,751 | 5,247 |
| Intellectual property and custom development income | (1,466) | (1,631) | (682) |
| Other (income) and expense | (216) | 145 | (724) |
| Interest expense (Notes D&J) | 615 | 630 | 468 |
| Total expense and other (income) | 24,827 | 25,964 | 24,740 |
| Income from continuing operations before income taxes | 11,400 | 12,330 | 15,945 |
| Provision for income taxes (Note N) | 5,642 | 449 | 2,581 |
| Income from continuing operations | 5,758 | 11,881 | 13,364 |
| Loss from discontinued operations, net of tax (Note C) | (5) | (9) | (174) |
| Net income | 5,753 | 11,872 | 13,190 |
| Earnings/(loss) per share of common stock | |||
| Assuming dilution | |||
| Continuing operations (in dollars per share) (Note P) | 6.14 | 12.39 | 13.60 |
| Discontinued operations (in dollars per share) (Note P) | 0.00 | (0.01) | (0.18) |
| Total (in dollars per share) (Note P) | 6.14 | 12.38 | 13.42 |
| Basic | |||
| Continuing operations (in dollars per share) (Note P) | 6.17 | 12.44 | 13.66 |
| Discontinued operations (in dollars per share) (Note P) | 0.00 | (0.01) | (0.18) |
| Total (in dollars per share) (Note P) | 6.17 | 12.43 | 13.48 |
| Weighted-average number of common shares outstanding | |||
| Assuming dilution (in shares) | 937,385,625 | 958,714,097 | 982,700,267 |
| Basic (in shares) | 932,828,295 | 955,422,530 | 978,744,523 |
| External Links | |
| INTERNATIONAL BUSINESS MACHINES CORP (IBM) Fiscal Year 2017 | |
| 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 |