VIE:IBM Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	13,587	13,947	13,068	7,886	6,650
Short-Term Investments	830	644	373	852	600
Cash & Short-Term Investments	14,417	14,591	13,441	8,738	7,250
Cash Growth	-1.19%	8.56%	53.82%	20.52%	-47.42%
Accounts Receivable	8,112	6,804	7,214	6,541	6,754
Other Receivables	3,403	3,136	7,434	8,607	9,016
Total Trade Receivables	11,515	9,940	14,648	15,148	15,770
Inventory	1,084	959	1,161	1,552	1,049
Other Current Assets	2,584	2,734	3,658	3,681	4,870
Total Current Assets	36,944	34,482	32,908	29,118	29,539
Net Property, Plant & Equipment	9,028	8,928	8,721	8,212	8,916
Other Intangible Assets	11,391	10,660	11,036	11,184	12,511
Goodwill	67,717	60,706	60,178	55,949	55,643
Long-Term Investments	9,820	7,140	7,392	7,423	7,248
Other Long-Term Assets	16,979	15,258	15,004	15,358	18,144
Total Assets	151,880	137,175	135,241	127,243	132,001
Accounts Payable	4,756	4,032	4,132	4,051	3,955
Accrued Expenses	4,114	3,605	3,501	3,481	3,204
Short-Term Debt	6,424	5,089	6,426	4,760	6,787
Current Portion of Leases	800	768	820	874	974
Unearned Revenue	16,101	13,907	13,451	12,032	12,518
Other Current Liabilities	6,463	5,742	5,791	6,307	6,181
Total Current Liabilities	38,658	33,142	34,122	31,505	33,619
Long-Term Debt	54,836	49,884	50,121	46,189	44,917
Long-Term Leases	2,547	2,655	2,568	2,190	2,462
Other Long-Term Liabilities	23,099	24,102	25,816	25,338	32,008
Total Long-Term Liabilities	80,482	76,641	78,505	73,717	79,387
Total Liabilities	119,139	109,783	112,628	105,222	113,005
Common Stock	63,318	61,380	59,643	58,343	57,319
Treasury Stock	-170,605	-169,968	-169,624	-169,484	-169,392
Accumulated Other Comprehensive Income	-15,713	-15,269	-18,761	-16,740	-23,234
Retained Earnings	155,648	151,163	151,276	149,825	154,209
Total Common Shareholders' Equity	32,648	27,307	22,533	21,944	18,901
Minority Interest	93	86	80	77	95
Shareholders' Equity	32,740	27,393	22,613	22,021	18,996
Total Liabilities & Equity	151,880	137,175	135,241	127,243	132,001
Total Debt	64,607	58,396	59,935	54,013	55,140
Net Cash (Debt)	-50,190	-43,805	-46,494	-45,275	-47,890
Net Cash Per Share	-52.91	-46.74	-50.42	-49.63	-52.94
Book Value	32,648	27,307	22,533	21,944	18,901
Book Value Per Share	34.41	29.14	24.44	24.05	20.89
Tangible Book Value	-46,460	-44,059	-48,681	-45,189	-49,253
Tangible Book Value Per Share	-48.97	-47.01	-52.80	-49.53	-54.44

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.