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: 2021 | |||
CONSOLIDATED INCOME STATEMENT | |||
Period Ending Dec 31, 2021 10-K (Filed: Feb 22, 2022) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
| Revenue (Note D) | $ 57,350 | 55,179 | 57,714 |
| Cost | 25,865 | 24,314 | 26,181 |
| Gross profit | 31,486 | 30,865 | 31,533 |
| Expense and other (income) | |||
| Selling, general and administrative | 18,745 | 20,561 | 18,724 |
| Research, development and engineering (Note G) | 6,488 | 6,262 | 5,910 |
| Intellectual property and custom development income | (612) | (620) | (639) |
| Other (income) and expense | 873 | 802 | (1,012) |
| Interest expense (Note Q&U) | 1,155 | 1,288 | 1,344 |
| Total expense and other (income) | 26,649 | 28,293 | 24,327 |
| Income from continuing operations before income taxes | 4,837 | 2,572 | 7,206 |
| Provision for/(benefit from) income taxes (Note H) | 124 | (1,360) | 60 |
| Income from continuing operations | 4,712 | 3,932 | 7,146 |
| Income/(loss) from discontinued operations, net of tax (Note C) | 1,030 | 1,658 | 2,285 |
| Net income | 5,743 | 5,590 | 9,431 |
| Earnings/(loss) per share of common stock | |||
| Assuming dilution | |||
| Continuing operations (in dollars per share) (Note I) | 5.21 | 4.38 | 8.00 |
| Discontinued operations (in dollars per share) (Note I) | 1.14 | 1.85 | 2.56 |
| Total (in dollars per share) (Note I) | 6.35 | 6.23 | 10.56 |
| Basic | |||
| Continuing operations (in dollars per share) (Note I) | 5.26 | 4.42 | 8.05 |
| Discontinued operations (in dollars per share) (Note I) | 1.15 | 1.86 | 2.58 |
| Total (in dollars per share) (Note I) | 6.41 | 6.28 | 10.63 |
| Weighted-average number of common shares outstanding | |||
| Assuming dilution (in shares) | 904,641,001 | 896,563,971 | 892,813,376 |
| Basic (in shares) | 895,990,771 | 890,348,679 | 887,235,105 |
| Product and Service | |||
| Services. | |||
| Revenue (Note D) | 29,225 | 27,626 | 29,141 |
| Cost | 19,147 | 17,689 | 19,009 |
| Sales | |||
| Revenue (Note D) | 27,346 | 26,569 | 27,357 |
| Cost | 6,184 | 6,048 | 6,467 |
| Financing. | |||
| Revenue (Note D) | 780 | 984 | 1,216 |
| Cost | 534 | 577 | 704 |
| External Links | |
| INTERNATIONAL BUSINESS MACHINES CORP (IBM) Fiscal Year 2021 | |
| 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 |