International Business Machines Corporation (IBM)
NYSE: IBM · IEX Real-Time Price · USD
138.18
-0.89 (-0.64%)
Aug 19, 2022 3:47 PM EDT - Market open
Income Statement (Annual)
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Year | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue
|
57,350 | 55,179 | 57,714 | 79,591 | 79,139 | 79,919 | 81,741 | 92,793 | 98,367 | 102,874 |
Revenue Growth (YoY)
|
3.93% | -4.39% | -27.49% | 0.57% | -0.98% | -2.23% | -11.91% | -5.67% | -4.38% | -3.78% |
Cost of Revenue
|
25,865 | 24,314 | 26,181 | 42,655 | 42,196 | 41,403 | 41,057 | 46,386 | 49,683 | 52,513 |
Gross Profit
|
31,485 | 30,865 | 31,533 | 36,936 | 36,943 | 38,516 | 40,684 | 46,407 | 48,684 | 50,361 |
Selling, General & Admin
|
18,745 | 20,561 | 18,724 | 19,366 | 19,680 | 20,869 | 20,430 | 23,180 | 23,451 | 23,463 |
Research & Development
|
6,488 | 6,262 | 5,910 | 5,379 | 5,590 | 5,726 | 5,247 | 5,437 | 5,743 | 5,816 |
Other Operating Expenses
|
261 | 182 | -1,651 | 126 | -341 | -1,038 | -1,406 | -2,680 | -1,155 | -1,917 |
Operating Expenses
|
25,494 | 27,005 | 22,983 | 24,871 | 24,929 | 25,557 | 24,271 | 25,937 | 28,039 | 27,362 |
Operating Income
|
5,991 | 3,860 | 8,550 | 12,065 | 12,014 | 12,959 | 16,413 | 20,470 | 20,645 | 22,999 |
Interest Expense / Income
|
1,155 | 1,288 | 1,344 | 723 | 615 | 630 | 468 | 484 | 402 | 459 |
Other Expense / Income
|
-1,031 | -1,658 | -2,285 | -5 | 4 | 8 | 174 | 3,730 | 397 | 395 |
Pretax Income
|
5,867 | 4,230 | 9,491 | 11,347 | 11,395 | 12,321 | 15,771 | 16,256 | 19,846 | 22,145 |
Income Tax
|
124 | -1,360 | 60 | 2,619 | 5,642 | 449 | 2,581 | 4,234 | 3,363 | 5,541 |
Net Income
|
5,743 | 5,590 | 9,431 | 8,728 | 5,753 | 11,872 | 13,190 | 12,022 | 16,483 | 16,604 |
Net Income Common
|
5,743 | 5,590 | 9,431 | 8,728 | 5,753 | 11,872 | 13,190 | 12,022 | 16,483 | 16,604 |
Net Income Growth
|
2.74% | -40.73% | 8.05% | 51.71% | -51.54% | -9.99% | 9.72% | -27.06% | -0.73% | 4.72% |
Shares Outstanding (Basic)
|
896 | 890 | 887 | 912 | 933 | 955 | 979 | 1,004 | 1,094 | 1,143 |
Shares Outstanding (Diluted)
|
905 | 897 | 893 | 916 | 937 | 959 | 983 | 1,010 | 1,103 | 1,155 |
Shares Change
|
0.90% | 0.42% | -2.56% | -2.25% | -2.23% | -2.44% | -2.70% | -8.43% | -4.54% | -4.81% |
EPS (Basic)
|
6.41 | 6.28 | 10.63 | 9.57 | 6.17 | 12.43 | 13.48 | 11.97 | 15.06 | 14.53 |
EPS (Diluted)
|
6.35 | 6.23 | 10.56 | 9.52 | 6.14 | 12.38 | 13.42 | 11.90 | 14.94 | 14.37 |
EPS Growth
|
1.93% | -41.00% | 10.92% | 55.05% | -50.40% | -7.75% | 12.77% | -20.35% | 3.97% | 10.03% |
Free Cash Flow Per Share
|
11.62 | 17.02 | 13.98 | 12.64 | 14.38 | 13.98 | 13.77 | 13.03 | 12.53 | 13.37 |
Dividend Per Share
|
6.550 | 6.510 | 6.430 | 6.210 | 5.900 | 5.500 | 5.000 | 4.250 | 3.700 | 3.300 |
Dividend Growth
|
0.61% | 1.24% | 3.54% | 5.25% | 7.27% | 10.00% | 17.65% | 14.87% | 12.12% | 13.79% |
Gross Margin
|
54.90% | 55.90% | 54.60% | 46.40% | 46.70% | 48.20% | 49.80% | 50.00% | 49.50% | 49.00% |
Operating Margin
|
10.40% | 7.00% | 14.80% | 15.20% | 15.20% | 16.20% | 20.10% | 22.10% | 21.00% | 22.40% |
Profit Margin
|
10.00% | 10.10% | 16.30% | 11.00% | 7.30% | 14.90% | 16.10% | 13.00% | 16.80% | 16.10% |
Free Cash Flow Margin
|
18.20% | 27.50% | 21.50% | 14.50% | 16.90% | 16.70% | 16.50% | 14.10% | 13.90% | 14.90% |
Effective Tax Rate
|
2.11% | -32.15% | 0.63% | 23.08% | 49.51% | 3.64% | 16.37% | 26.05% | 16.95% | 25.02% |
EBITDA
|
13,439 | 12,213 | 16,894 | 16,550 | 16,551 | 17,332 | 20,094 | 21,232 | 24,926 | 27,280 |
EBITDA Margin
|
23.40% | 22.10% | 29.30% | 20.80% | 20.90% | 21.70% | 24.60% | 22.90% | 25.30% | 26.50% |
Depreciation & Amortization
|
6,417 | 6,695 | 6,059 | 4,480 | 4,541 | 4,381 | 3,855 | 4,492 | 4,678 | 4,676 |
EBIT
|
7,022 | 5,518 | 10,835 | 12,070 | 12,010 | 12,951 | 16,239 | 16,740 | 20,248 | 22,604 |
EBIT Margin
|
12.20% | 10.00% | 18.80% | 15.20% | 15.20% | 16.20% | 19.90% | 18.00% | 20.60% | 22.00% |
Source: Financials are provided by
Nasdaq Data Link
and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).