International Business Machines Corporation (IBM)
NYSE: IBM · Real-Time Price · USD
298.43
+8.91 (3.08%)
Jul 6, 2026, 12:27 PM EDT - Market open
IBM Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | 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 |
Net Income | 20,254 | 10,593 | 6,023 | 7,502 | 1,639 | 5,743 |
Depreciation & Amortization | 9,015 | 5,021 | 4,667 | 4,396 | 4,802 | 6,417 |
Stock-Based Compensation | 1,820 | 1,715 | 1,311 | 1,133 | 987 | 982 |
Other Adjustments | -28 | -996 | 131 | -1,284 | 2,805 | -2,137 |
Change in Receivables | -5,263 | -4,278 | -374 | 725 | -539 | 1,372 |
Changes in Inventories | - | 70 | -166 | 390 | 71 | 138 |
Changes in Accounts Payable | - | 624 | -13 | 65 | 213 | 85 |
Changes in Other Operating Activities | -1,001 | 445 | 1,866 | 1,004 | 457 | 196 |
Operating Cash Flow | 13,992 | 13,193 | 13,445 | 13,931 | 10,435 | 12,796 |
Operating Cash Flow Growth | 2.53% | -1.87% | -3.49% | 33.50% | -18.45% | -29.68% |
Capital Expenditures | -2,329 | -1,091 | -1,048 | -1,245 | -1,346 | -2,062 |
Sale of Property, Plant & Equipment | 55 | 121 | 557 | 321 | 111 | 387 |
Purchases of Intangible Assets | -655 | -647 | -637 | -565 | -626 | -706 |
Purchases of Investments | -63 | -10,095 | -7,762 | -11,143 | -5,930 | -3,561 |
Proceeds from Sale of Investments | 10,748 | 9,704 | 6,544 | 10,647 | 4,665 | 3,147 |
Payments for Business Acquisitions | -12,152 | -8,294 | -3,289 | -5,082 | -2,348 | -3,293 |
Proceeds from Business Divestments | 1 | -1 | 698 | -4 | 1,272 | 114 |
Investing Cash Flow | -7,812 | -10,302 | -4,937 | -7,070 | -4,202 | -5,975 |
Long-Term Debt Issued | 7,450 | 8,391 | 5,705 | 9,586 | 7,804 | 522 |
Long-Term Debt Repaid | -7,160 | -5,489 | -6,615 | -5,082 | -6,800 | -8,597 |
Net Long-Term Debt Issued (Repaid) | 290 | 2,902 | -910 | 4,504 | 1,004 | -8,075 |
Issuance of Common Stock | 672 | 710 | 745 | 414 | 279 | - |
Repurchase of Common Stock | -1,084 | -1,018 | -651 | -402 | -407 | -319 |
Net Common Stock Issued (Repurchased) | -412 | -308 | 94 | 12 | -128 | -319 |
Common Dividends Paid | -9,455 | -6,255 | -6,147 | -6,040 | -5,948 | -5,869 |
Other Financing Activities | -4,359 | -168 | -115 | -246 | 114 | 909 |
Financing Cash Flow | -6,553 | -3,829 | -7,079 | -1,769 | -4,958 | -13,354 |
Effect of Exchange Rate Changes on Cash and Cash Equivalents | 74 | 418 | -359 | 9 | -244 | -185 |
Net Cash Flow | -298 | -520 | 1,071 | 5,101 | 1,032 | -6,718 |
Free Cash Flow | 11,663 | 12,102 | 12,397 | 12,686 | 9,089 | 10,734 |
Free Cash Flow Growth | -3.63% | -2.38% | -2.28% | 39.57% | -15.32% | -31.10% |
FCF Margin | 16.92% | 17.92% | 19.76% | 20.51% | 15.02% | 18.72% |
Free Cash Flow Per Share | 12.27 | 12.76 | 13.23 | 13.76 | 9.96 | 11.87 |
Levered Free Cash Flow | 16,729 | 18,564 | 10,419 | 16,616 | 6,840 | 2,442 |
Unlevered Free Cash Flow | 18,402 | 17,620 | 13,097 | 13,513 | 7,852 | 10,612 |