International Business Machines Corporation (IBM)
Stock Price: $108.91 USD
2.26 (2.12%)
Updated Oct 29, 2020 4:01 PM EDT - Market closed
Pre-market: $108.20 -0.71 (-0.65%) Oct 30, 7:56 AM
Income Statement (Annual)
Numbers in millions USD. Fiscal year is January-December.
| Year | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 77,147 | 79,591 | 79,139 | 79,919 | 81,741 | 92,793 | 98,367 | 102,874 | 106,916 | 99,870 | 95,758 | 103,630 | 98,786 | 91,424 | 91,134 | 96,293 | 89,131 | 81,186 | 83,067 | 85,089 | 87,548 | 81,667 | 78,508 | 75,947 | 71,940 | 64,052 | 62,716 | 64,523 | 64,766 | |
| Revenue Growth | -3.07% | 0.57% | -0.98% | -2.23% | -11.91% | -5.67% | -4.38% | -3.78% | 7.06% | 4.29% | -7.6% | 4.9% | 8.05% | 0.32% | -5.36% | 8.04% | 9.79% | -2.26% | -2.38% | -2.81% | 7.2% | 4.02% | 3.37% | 5.57% | 12.31% | 2.13% | -2.8% | -0.38% | - | |
| Cost of Revenue | 40,659 | 42,655 | 42,196 | 41,403 | 41,057 | 46,386 | 49,683 | 52,513 | 56,778 | 53,857 | 51,973 | 57,969 | 57,057 | 53,129 | 54,602 | 60,724 | 56,584 | 50,902 | 51,178 | 53,511 | 55,994 | 50,795 | 47,899 | 45,408 | 41,573 | 38,768 | 38,568 | 35,069 | 32,073 | |
| Gross Profit | 36,488 | 36,936 | 36,943 | 38,516 | 40,684 | 46,407 | 48,684 | 50,361 | 50,138 | 46,013 | 43,785 | 45,661 | 41,729 | 38,295 | 36,532 | 35,569 | 32,547 | 30,284 | 31,889 | 31,578 | 31,554 | 30,872 | 30,609 | 30,539 | 30,367 | 25,284 | 24,148 | 29,454 | 32,693 | |
| Selling, General & Admin | 20,604 | 19,366 | 19,680 | 20,869 | 20,430 | 23,180 | 23,451 | 23,463 | 23,594 | 21,837 | 20,952 | 23,386 | 22,060 | 20,259 | 21,314 | 20,079 | 18,601 | 18,738 | 17,048 | 17,393 | 16,294 | 16,662 | 16,634 | 16,854 | 16,766 | 15,916 | 18,282 | 19,526 | 21,375 | |
| Research & Development | 5,989 | 5,379 | 5,590 | 5,726 | 5,247 | 5,437 | 5,743 | 5,816 | 6,258 | 6,026 | 5,820 | 6,337 | 6,153 | 6,107 | 5,842 | 5,874 | 5,314 | 4,750 | 4,986 | 5,084 | 5,505 | 5,046 | 4,877 | 5,089 | 4,170 | 4,363 | 5,558 | 6,522 | 6,644 | |
| Other Operating Expenses | -1,616.00 | 126 | -341.00 | -1,038.00 | -1,406.00 | -2,680.00 | -1,155.00 | -1,917.00 | -1,128.00 | -1,941.00 | -1,528.00 | -1,451.00 | -1,584.00 | -1,666.00 | -3,070.00 | -1,192.00 | -930.00 | -873.00 | -1,829.00 | -2,654.00 | -2,354.00 | -589.00 | 0.00 | 0.00 | 1,840 | 0.00 | 8,945 | 11,645 | 3,735 | |
| Operating Expenses | 24,977 | 24,871 | 24,929 | 25,557 | 24,271 | 25,937 | 28,039 | 27,362 | 28,724 | 25,922 | 25,244 | 28,272 | 26,629 | 24,700 | 24,086 | 24,761 | 22,985 | 22,615 | 20,205 | 19,823 | 19,445 | 21,119 | 21,511 | 21,943 | 22,776 | 20,279 | 32,785 | 37,693 | 31,754 | |
| Operating Income | 11,511 | 12,065 | 12,014 | 12,959 | 16,413 | 20,470 | 20,645 | 22,999 | 21,414 | 20,091 | 18,541 | 17,389 | 15,100 | 13,595 | 12,446 | 10,808 | 9,562 | 7,669 | 11,684 | 11,755 | 12,109 | 9,753 | 9,098 | 8,596 | 7,591 | 5,005 | -8,637 | -8,239 | 939 | |
| Interest Expense / Income | 1,344 | 723 | 615 | 630 | 468 | 484 | 402 | 459 | 411 | 368 | 402 | 673 | 611 | 278 | 220 | 139 | 145 | 145 | 234 | 344 | 352 | 713 | 728 | 716 | 725 | 1,227 | 1,273 | 1,360 | 1,423 | |
| Other Expense / Income | 5.00 | -5.00 | 4.00 | 8.00 | 174 | 3,730 | 397 | 395 | 0.00 | 0.00 | 1.00 | 1.00 | 0.00 | -76.00 | 60.00 | 18.00 | 30.00 | 1,755 | 423 | -219 | 0.00 | 0.00 | -657 | -707 | -947 | -1,377 | -999 | -2,473 | 1,661 | |
| Pretax Income | 10,162 | 11,347 | 11,395 | 12,321 | 15,771 | 16,256 | 19,846 | 22,145 | 21,003 | 19,723 | 18,138 | 16,715 | 14,489 | 13,393 | 12,166 | 10,651 | 9,387 | 5,769 | 11,027 | 11,630 | 11,757 | 9,040 | 9,027 | 8,587 | 7,813 | 5,155 | -8,911 | -7,126 | -2,145 | |
| Income Tax | 731 | 2,619 | 5,642 | 449 | 2,581 | 4,234 | 3,363 | 5,541 | 5,148 | 4,890 | 4,713 | 4,381 | 4,071 | 3,901 | 4,232 | 3,172 | 2,829 | 2,190 | 3,304 | 3,537 | 4,045 | 2,712 | 2,934 | 3,158 | 3,635 | 2,134 | -810 | -2,161 | 716 | |
| Net Income | 9,431 | 8,728 | 5,753 | 11,872 | 13,190 | 12,022 | 16,483 | 16,604 | 15,855 | 14,833 | 13,425 | 12,334 | 10,418 | 9,492 | 7,934 | 7,479 | 6,558 | 3,579 | 7,723 | 8,093 | 7,712 | 6,328 | 6,093 | 5,429 | 4,178 | 3,021 | -8,101 | -4,965 | -2,861 | |
| Shares Outstanding (Basic) | 887 | 912 | 933 | 955 | 979 | 1,004 | 1,094 | 1,143 | 1,197 | 1,269 | 1,327 | 1,369 | 1,434 | 1,531 | 1,601 | 1,675 | 1,722 | 1,703 | 1,733 | 1,763 | 1,803 | 1,846 | 1,944 | 2,070 | 2,233 | 2,349 | 2,328 | - | - | |
| Shares Outstanding (Diluted) | 893 | 916 | 937 | 959 | 983 | 1,010 | 1,103 | 1,155 | 1,214 | 1,287 | 1,341 | 1,388 | 1,457 | 1,554 | 1,628 | 1,707 | 1,753 | 1,731 | 1,771 | 1,812 | - | - | - | - | - | - | - | - | - | |
| Shares Change | -2.72% | -2.23% | -2.36% | -2.38% | -2.54% | -8.24% | -4.2% | -4.55% | -5.66% | -4.4% | -3.08% | -4.5% | -6.33% | -4.36% | -4.44% | -2.71% | 1.08% | -1.74% | -1.68% | -2.2% | -2.34% | -5.07% | -6.08% | -7.3% | -4.91% | 0.87% | - | - | - | |
| EPS (Basic) | 10.63 | 9.57 | 6.17 | 12.43 | 13.48 | 11.97 | 15.06 | 14.53 | 13.25 | 11.69 | 10.12 | 9.02 | 7.27 | 6.20 | 4.96 | 4.47 | 3.81 | 2.10 | 4.45 | 4.58 | 4.25 | 3.38 | 3.09 | 2.56 | 1.81 | 1.26 | -3.56 | -2.18 | -1.25 | |
| EPS (Diluted) | 10.56 | 9.52 | 6.14 | 12.38 | 13.42 | 11.90 | 14.94 | 14.37 | 13.06 | 11.52 | 10.01 | 8.89 | 7.15 | 6.11 | 4.87 | 4.38 | 3.74 | 2.06 | 4.35 | 4.44 | 4.12 | 3.29 | 3.00 | 2.51 | 1.77 | - | - | - | - | |
| EPS Growth | 10.92% | 55.05% | -50.4% | -7.75% | 12.77% | -20.35% | 3.97% | 10.03% | 13.37% | 15.08% | 12.6% | 24.34% | 17.02% | 25.46% | 11.19% | 17.11% | 81.55% | -52.64% | -2.03% | 7.77% | 25.23% | 9.67% | 19.76% | 41.93% | - | - | - | - | - | |
| Free Cash Flow Per Share | 13.98 | 12.64 | 14.38 | 13.98 | 13.77 | 13.03 | 12.53 | 13.37 | 13.19 | 12.27 | 12.83 | 10.43 | 7.76 | 6.71 | 7.09 | 6.88 | 6.06 | 5.41 | 5.23 | 2.57 | 2.72 | 1.85 | 1.49 | 2.61 | 3.00 | 3.51 | 1.92 | - | - | |
| Dividend Per Share | 6.43 | 6.21 | 5.90 | 5.50 | 5.00 | 4.25 | 3.70 | 3.30 | 2.90 | 2.50 | 2.15 | 1.90 | 1.50 | 1.10 | 0.78 | 0.70 | 0.63 | 0.59 | 0.55 | 0.51 | 0.47 | 0.43 | 0.39 | 0.33 | 0.25 | 0.25 | 0.40 | 1.21 | 1.21 | |
| Dividend Growth | 3.54% | 5.25% | 7.27% | 10% | 17.65% | 14.86% | 12.12% | 13.79% | 16% | 16.28% | 13.16% | 26.67% | 36.36% | 41.03% | 11.43% | 11.11% | 6.78% | 7.27% | 7.84% | 8.51% | 9.3% | 10.82% | 19.38% | 30% | 0% | -36.71% | -67.36% | 0% | - | |
| Gross Margin | 47.3% | 46.4% | 46.7% | 48.2% | 49.8% | 50% | 49.5% | 49% | 46.9% | 46.1% | 45.7% | 44.1% | 42.2% | 41.9% | 40.1% | 36.9% | 36.5% | 37.3% | 38.4% | 37.1% | 36% | 37.8% | 39% | 40.2% | 42.2% | 39.5% | 38.5% | 45.6% | 50.5% | |
| Operating Margin | 14.9% | 15.2% | 15.2% | 16.2% | 20.1% | 22.1% | 21.0% | 22.4% | 20.0% | 20.1% | 19.4% | 16.8% | 15.3% | 14.9% | 13.7% | 11.2% | 10.7% | 9.4% | 14.1% | 13.8% | 13.8% | 11.9% | 11.6% | 11.3% | 10.6% | 7.8% | -13.8% | -12.8% | 1.4% | |
| Profit Margin | 12.2% | 11% | 7.3% | 14.9% | 16.1% | 13% | 16.8% | 16.1% | 14.8% | 14.9% | 14% | 11.9% | 10.5% | 10.4% | 8.7% | 7.8% | 7.4% | 4.4% | 9.3% | 9.5% | 8.8% | 7.7% | 7.7% | 7.1% | 5.7% | 4.6% | -13% | -7.7% | -4.4% | |
| FCF Margin | 16.1% | 14.5% | 16.9% | 16.7% | 16.5% | 14.1% | 13.9% | 14.9% | 14.8% | 15.6% | 17.8% | 13.8% | 11.3% | 11.2% | 12.5% | 12.0% | 11.7% | 11.3% | 10.9% | 5.3% | 5.6% | 4.2% | 3.7% | 7.1% | 9.3% | 12.9% | 7.1% | 0.6% | -1.8% | |
| Effective Tax Rate | 7.2% | 23.1% | 49.5% | 3.6% | 16.4% | 26.0% | 16.9% | 25.0% | 24.5% | 24.8% | 26.0% | 26.2% | 28.1% | 29.1% | 34.8% | 29.8% | 30.1% | 38.0% | 30.0% | 30.4% | 34.4% | 30.0% | 32.5% | 36.8% | 46.5% | 41.4% | - | - | - | |
| EBITDA | 17,565 | 16,550 | 16,551 | 17,332 | 20,094 | 21,232 | 24,926 | 27,280 | 26,229 | 24,922 | 23,534 | 22,838 | 20,301 | 18,654 | 17,574 | 15,705 | 14,448 | 10,407 | 15,767 | 16,680 | 18,694 | 14,745 | 14,756 | 14,315 | 14,140 | 12,677 | -977 | 493 | 5,614 | |
| EBITDA Margin | 22.8% | 20.8% | 20.9% | 21.7% | 24.6% | 22.9% | 25.3% | 26.5% | 24.5% | 25% | 24.6% | 22% | 20.6% | 20.4% | 19.3% | 16.3% | 16.2% | 12.8% | 19% | 19.6% | 21.4% | 18.1% | 18.8% | 18.8% | 19.7% | 19.8% | -1.6% | 0.8% | 8.7% | |
| EBIT | 11,506 | 12,070 | 12,010 | 12,951 | 16,239 | 16,740 | 20,248 | 22,604 | 21,414 | 20,091 | 18,540 | 17,388 | 15,100 | 13,671 | 12,386 | 10,790 | 9,532 | 5,914 | 11,261 | 11,974 | 12,109 | 9,753 | 9,755 | 9,303 | 8,538 | 6,382 | -7,638 | -5,766 | -722 | |
| EBIT Margin | 14.9% | 15.2% | 15.2% | 16.2% | 19.9% | 18.0% | 20.6% | 22.0% | 20.0% | 20.1% | 19.4% | 16.8% | 15.3% | 15.0% | 13.6% | 11.2% | 10.7% | 7.3% | 13.6% | 14.1% | 13.8% | 11.9% | 12.4% | 12.2% | 11.9% | 10.0% | -12.2% | -8.9% | -1.1% |