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: 2019 | |||
Consolidated Income Statement | |||
Period Ending Dec 31, 2019 10-K (Filed: Feb 25, 2020) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
| Revenue (Note C) | $ 77,147 | 79,591 | 79,139 |
| Cost | 40,659 | 42,655 | 42,196 |
| Gross profit | 36,488 | 36,936 | 36,943 |
| Expense and other (income) | |||
| Selling, general and administrative | 20,604 | 19,366 | 19,680 |
| Research, development and engineering (Note F) | 5,989 | 5,379 | 5,590 |
| Intellectual property and custom development income | (648) | (1,026) | (1,466) |
| Other (income) and expense | (968) | 1,152 | 1,125 |
| Interest expense (Notes P&T) | 1,344 | 723 | 615 |
| Total expense and other (income) | 26,322 | 25,594 | 25,543 |
| Income from continuing operations before income taxes | 10,166 | 11,342 | 11,400 |
| Provision for income taxes (Note G) | 731 | 2,619 | 5,642 |
| Income from continuing operations | 9,435 | 8,723 | 5,758 |
| Income/(loss) from discontinued operations, net of tax | (4) | 5 | (5) |
| Net income | 9,431 | 8,728 | 5,753 |
| Earnings/(loss) per share of common stock | |||
| Assuming dilution | |||
| Continuing operations (in dollars per share) (Note H) | 10.57 | 9.51 | 6.14 |
| Discontinued operations (in dollars per share) (Note H) | (0.01) | 0.01 | 0.00 |
| Total (in dollars per share) (Note H) | 10.56 | 9.52 | 6.14 |
| Basic | |||
| Continuing operations (in dollars per share) (Note H) | 10.63 | 9.56 | 6.17 |
| Discontinued operations (in dollars per share) (Note H) | 0.00 | 0.01 | 0.00 |
| Total (in dollars per share) (Note H) | 10.63 | 9.57 | 6.17 |
| Weighted-average number of common shares outstanding | |||
| Assuming dilution (in shares) | 892,813,376 | 916,315,714 | 937,385,625 |
| Basic (in shares) | 887,235,105 | 912,048,072 | 932,828,295 |
| Product and Service | |||
| Services | |||
| Revenue (Note C) | 47,493 | 49,257 | 48,652 |
| Cost | 32,491 | 33,687 | 33,399 |
| Sales | |||
| Revenue (Note C) | 28,252 | 28,735 | 28,772 |
| Cost | 7,263 | 7,835 | 7,587 |
| Financing | |||
| Revenue (Note C) | 1,402 | 1,599 | 1,715 |
| Cost | 904 | 1,132 | 1,210 |
| External Links | |
| INTERNATIONAL BUSINESS MACHINES CORP (IBM) Fiscal Year 2019 | |
| 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 |