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: 2018 | |||
Consolidated Statement of Earnings | |||
Period Ending Dec 31, 2018 10-K (Filed: Feb 26, 2019) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | |
| Revenue (Note O) | $ 79,591 | 79,139 | 79,919 |
| Cost | 42,655 | 42,196 | 41,403 |
| Gross profit | 36,936 | 36,943 | 38,516 |
| Expense and other (income) | |||
| Selling, general and administrative | 19,366 | 19,680 | 20,869 |
| Research, development and engineering (Note P) | 5,379 | 5,590 | 5,726 |
| Intellectual property and custom development income | (1,026) | (1,466) | (1,631) |
| Other (income) and expense | 1,152 | 1,125 | 593 |
| Interest expense (Notes D&J) | 723 | 615 | 630 |
| Total expense and other (income) | 25,594 | 25,543 | 26,186 [1] |
| Income from continuing operations before income taxes | 11,342 | 11,400 | 12,330 |
| Provision for income taxes (Note N) | 2,619 | 5,642 | 449 |
| Income from continuing operations | 8,723 | 5,758 | 11,881 |
| Income/(loss) from discontinued operations, net of tax | 5 | (5) | (9) |
| Net income | 8,728 | 5,753 | 11,872 |
| Earnings/(loss) per share of common stock | |||
| Assuming dilution | |||
| Continuing operations (in dollars per share) (Note Q) | 9.51 | 6.14 | 12.39 |
| Discontinued operations (in dollars per share) (Note Q) | 0.01 | 0.00 | (0.01) |
| Total (in dollars per share) (Note Q) | 9.52 | 6.14 | 12.38 |
| Basic | |||
| Continuing operations (in dollars per share) (Note Q) | 9.56 | 6.17 | 12.44 |
| Discontinued operations (in dollars per share) (Note Q) | 0.01 | 0.00 | (0.01) |
| Total (in dollars per share) (Note Q) | 9.57 | 6.17 | 12.43 |
| Weighted-average number of common shares outstanding | |||
| Assuming dilution (in shares) | 916,315,714 | 937,385,625 | 958,714,097 |
| Basic (in shares) | 912,048,072 | 932,828,295 | 955,422,530 |
| Product and Service | |||
| Services | |||
| Revenue (Note O) | 51,350 | 50,709 | 51,268 |
| Cost | 34,059 | 33,811 | 33,792 |
| Sales | |||
| Revenue (Note O) | 26,641 | 26,715 | 26,942 |
| Cost | 7,464 | 7,175 | 6,566 |
| Financing | |||
| Revenue (Note O) | 1,599 | 1,715 | 1,710 |
| Cost | 1,132 | 1,210 | 1,044 |
| [1] * Recast to reflect adoption of the FASB guidance on presentation of net periodic pension and nonpension postretirement benefit costs. | |||
| External Links | |
| INTERNATIONAL BUSINESS MACHINES CORP (IBM) Fiscal Year 2018 | |
| 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 |