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: 2020 | |||
CONSOLIDATED INCOME STATEMENT | |||
Period Ending Dec 31, 2020 10-K (Filed: Feb 23, 2021) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
| Revenue (Note C) | $ 73,620 | 77,147 | 79,591 |
| Cost | 38,046 | 40,659 | 42,655 |
| Gross profit | 35,575 | 36,488 | 36,936 |
| Expense and other (income) | |||
| Selling, general and administrative | 23,082 | 20,604 | 19,366 |
| Research, development and engineering (Note F) | 6,333 | 5,989 | 5,379 |
| Intellectual property and custom development income | (626) | (648) | (1,026) |
| Other (income) and expense | 861 | (968) | 1,152 |
| Interest expense (Note P&T) | 1,288 | 1,344 | 723 |
| Total expense and other (income) | 30,937 | 26,322 | 25,594 |
| Income from continuing operations before income taxes | 4,637 | 10,166 | 11,342 |
| Provision for/(benefit from) income taxes (Note G) | (864) | 731 | 2,619 |
| Income from continuing operations | 5,501 | 9,435 | 8,723 |
| Income/(loss) from discontinued operations, net of tax | 89 | (4) | 5 |
| Net income | 5,590 | 9,431 | 8,728 |
| Earnings/(loss) per share of common stock | |||
| Assuming dilution | |||
| Continuing operations (in dollars per share) (Note H) | 6.13 | 10.57 | 9.51 |
| Discontinued operations (in dollars per share) (Note H) | 0.10 | (0.01) | 0.01 |
| Total (in dollars per share) (Note H) | 6.23 | 10.56 | 9.52 |
| Basic | |||
| Continuing operations (in dollars per share) (Note H) | 6.18 | 10.63 | 9.56 |
| Discontinued operations (in dollars per share) (Note H) | 0.10 | 0.00 | 0.01 |
| Total (in dollars per share) (Note H) | 6.28 | 10.63 | 9.57 |
| Weighted-average number of common shares outstanding | |||
| Assuming dilution (in shares) | 896,563,971 | 892,813,376 | 916,315,714 |
| Basic (in shares) | 890,348,679 | 887,235,105 | 912,048,072 |
| Product and Service | |||
| Services | |||
| Revenue (Note C) | 45,004 | 47,493 | 49,257 |
| Cost | 30,404 | 32,491 | 33,687 |
| Sales | |||
| Revenue (Note C) | 27,484 | 28,252 | 28,735 |
| Cost | 6,934 | 7,263 | 7,835 |
| Financing | |||
| Revenue (Note C) | 1,133 | 1,402 | 1,599 |
| Cost | 708 | 904 | 1,132 |
| External Links | |
| INTERNATIONAL BUSINESS MACHINES CORP (IBM) Fiscal Year 2020 | |
| 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 |