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: 2022 | |||
CONSOLIDATED INCOME STATEMENT | |||
Period Ending Dec 31, 2022 10-K (Filed: Feb 28, 2023) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
| Revenue (Note D) | $ 60,530 | 57,350 | 55,179 |
| Cost | 27,842 | 25,865 | 24,314 |
| Gross profit | 32,687 | 31,486 | 30,865 |
| Expense and other (income) | |||
| Selling, general and administrative | 18,609 | 18,745 | 20,561 |
| Research, development and engineering (Note G) | 6,567 | 6,488 | 6,262 |
| Intellectual property and custom development income | (663) | (612) | (620) |
| Other (income) and expense (Note A) | 5,803 | 873 | 802 |
| Interest expense (Note P&T) | 1,216 | 1,155 | 1,288 |
| Total expense and other (income) | 31,531 | 26,649 | 28,293 |
| Income from continuing operations before income taxes | 1,156 | 4,837 | 2,572 |
| Provision for/(benefit from) income taxes (Note H) | (626) | 124 | (1,360) |
| Income from continuing operations | 1,783 | 4,712 | 3,932 |
| Income/(loss) from discontinued operations, net of tax (Note C) | (143) | 1,030 | 1,658 |
| Net income | 1,639 | 5,743 | 5,590 |
| Earnings/(loss) per share of common stock | |||
| Assuming dilution | |||
| Continuing operations (in dollars per share) (Note I) | 1.95 | 5.21 | 4.38 |
| Discontinued operations (in dollars per share) (Note I) | (0.16) | 1.14 | 1.85 |
| Total (in dollars per share) (Note I) | 1.80 | 6.35 | 6.23 |
| Basic | |||
| Continuing operations (in dollars per share) (Note I) | 1.97 | 5.26 | 4.42 |
| Discontinued operations (in dollars per share) (Note I) | (0.16) | 1.15 | 1.86 |
| Total (in dollars per share) (Note I) | 1.82 | 6.41 | 6.28 |
| Weighted-average number of common shares outstanding | |||
| Assuming dilution (in shares) | 912,269,062 | 904,641,001 | 896,563,971 |
| Basic (in shares) | 902,664,190 | 895,990,771 | 890,348,679 |
| Product and Service | |||
| Services | |||
| Revenue (Note D) | 30,206 | 29,225 | 27,626 |
| Cost | 21,062 | 19,147 | 17,689 |
| Sales | |||
| Revenue (Note D) | 29,673 | 27,346 | 26,569 |
| Cost | 6,374 | 6,184 | 6,048 |
| Financing. | |||
| Revenue (Note D) | 651 | 780 | 984 |
| Cost | 406 | 534 | 577 |
| External Links | |
| INTERNATIONAL BUSINESS MACHINES CORP (IBM) Fiscal Year 2022 | |
| 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 |