International Business Machines Corporation (IBM)
NYSE: IBM · Real-Time Price · USD
210.98
-2.02 (-0.95%)
Jul 21, 2026, 10:14 AM EDT - Market open
IBM Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Quarter | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 | Jun '21 Jun 30, 2021 |
Net Income | 10,754 | 10,593 | 7,907 | 5,833 | 5,473 | 6,023 | 6,397 | 8,430 | 8,180 | 7,502 | 6,924 | 2,025 | 1,833 | 1,639 | 1,262 | 5,588 | 5,521 | 5,743 | 4,766 | 5,334 |
Depreciation & Amortization | 5,118 | 5,021 | 4,838 | 4,823 | 4,713 | 4,667 | 4,706 | 4,531 | 4,453 | 4,396 | 4,381 | 4,451 | 4,620 | 4,802 | 5,046 | 5,567 | 6,001 | 6,417 | 6,735 | 6,734 |
Stock-Based Compensation | 1,820 | 1,715 | 1,630 | 1,517 | 1,392 | 1,311 | 1,256 | 1,213 | 1,185 | 1,133 | 1,091 | 1,055 | 1,021 | 987 | 1,002 | 1,013 | 1,003 | 982 | 998 | 958 |
Other Adjustments | -28 | -996 | 322 | -412 | -421 | 131 | -702 | -431 | -418 | -1,284 | -162 | -41 | -76 | 2,805 | -217 | -263 | -365 | -2,137 | -300 | -375 |
Change in Receivables | - | -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 | -378 | -359 | -804 | -1,180 | -213 | 1,259 | -607 | 205 | 1,123 | 2,271 | 1,267 | -1,035 | -2,262 | -2,238 | -2,695 | -802 | 248 | 1,434 | 1,238 | 2,358 |
Operating Cash Flow | 13,992 | 13,193 | 13,483 | 13,282 | 13,647 | 13,445 | 13,578 | 13,753 | 14,325 | 13,931 | 13,433 | 12,278 | 10,961 | 10,435 | 9,014 | 9,826 | 11,130 | 12,796 | 16,112 | 17,684 |
Operating Cash Flow Growth | 2.53% | -1.87% | -0.70% | -3.43% | -4.73% | -3.49% | 1.08% | 12.01% | 30.69% | 33.50% | 49.02% | 24.95% | -1.52% | -18.45% | -44.05% | -44.44% | -40.27% | -29.68% | 2.05% | 16.94% |
Capital Expenditures | -1,079 | -1,091 | -1,012 | -1,043 | -1,053 | -1,048 | -1,045 | -1,040 | -1,184 | -1,245 | -1,354 | -1,390 | -1,365 | -1,346 | -1,387 | -1,628 | -1,849 | -2,062 | -2,290 | -2,457 |
Sale of Property, Plant & Equipment | 55 | 121 | 139 | 611 | 619 | 557 | 720 | 353 | 322 | 321 | 150 | 46 | 50 | 111 | 173 | 262 | 320 | 387 | 353 | 321 |
Purchases of Intangible Assets | -655 | -647 | -617 | -593 | -654 | -637 | -644 | -618 | -531 | -565 | -564 | -590 | -625 | -626 | -630 | -668 | -700 | -706 | -698 | -690 |
Purchases of Investments | -5,221 | -10,095 | -10,171 | -9,906 | -9,314 | -7,762 | -7,270 | -7,479 | -7,546 | -11,143 | -11,830 | -12,854 | -13,436 | -5,930 | -5,380 | -4,007 | -3,711 | -3,561 | -3,889 | -4,658 |
Proceeds from Sale of Investments | 10,748 | 9,704 | 7,015 | 7,589 | 7,007 | 6,544 | 9,696 | 11,964 | 10,061 | 10,647 | 8,652 | 5,554 | 5,033 | 4,665 | 3,600 | 3,546 | 3,280 | 3,147 | 3,518 | 4,988 |
Payments for Business Acquisitions | -11,661 | -8,294 | -8,444 | -10,899 | -10,305 | -3,289 | -2,885 | -4,961 | -5,142 | -5,082 | -6,273 | -1,746 | -1,672 | -2,348 | -1,295 | -1,385 | -2,871 | -3,293 | -3,317 | -3,183 |
Proceeds from Business Divestments | 1 | -1 | -8 | -6 | -6 | 698 | 705 | 693 | 699 | -4 | -3 | 10 | 1,211 | 1,272 | 1,359 | 1,407 | 190 | 114 | 19 | -279 |
Other Investing Activities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 25 | 16 | 462 | 396 |
Investing Cash Flow | -7,812 | -10,302 | -13,098 | -14,247 | -13,706 | -4,937 | -722 | -1,088 | -3,320 | -7,070 | -11,225 | -10,969 | -10,804 | -4,202 | -3,558 | -2,490 | -5,333 | -5,975 | -5,858 | -5,561 |
Long-Term Debt Issued | 7,450 | 8,391 | 8,391 | 8,385 | 8,597 | 5,705 | 5,705 | 5,859 | 5,640 | 9,586 | 9,593 | 12,834 | 13,152 | 7,804 | 7,925 | 4,681 | 4,555 | 522 | 561 | 557 |
Long-Term Debt Repaid | -7,160 | -5,489 | -3,803 | -3,956 | -5,766 | -6,615 | -6,600 | -7,046 | -5,063 | -5,082 | -6,327 | -6,101 | -7,796 | -6,800 | -6,722 | -6,582 | -5,465 | -8,597 | -11,884 | -10,916 |
Net Long-Term Debt Issued (Repaid) | 290 | 2,902 | 4,588 | 4,429 | 2,831 | -910 | -895 | -1,187 | 577 | 4,504 | 3,266 | 6,733 | 5,356 | 1,004 | 1,203 | -1,901 | -910 | -8,075 | -11,323 | -10,359 |
Issuance of Common Stock | 672 | 710 | 643 | 761 | 701 | 745 | - | - | - | 414 | - | - | - | 279 | - | - | - | - | - | - |
Repurchase of Common Stock | -1,084 | -1,018 | -963 | -738 | -736 | -651 | -603 | -512 | -505 | -402 | -416 | -332 | -423 | -407 | -396 | -400 | -358 | -319 | -329 | -325 |
Net Common Stock Issued (Repurchased) | -412 | -308 | -320 | 23 | -35 | 94 | -603 | -512 | -505 | 12 | -416 | -332 | -423 | -128 | -396 | -400 | -358 | -319 | -329 | -325 |
Common Dividends Paid | -6,282 | -6,255 | -6,227 | -6,201 | -6,174 | -6,147 | -6,119 | -6,091 | -6,065 | -6,040 | -6,016 | -5,992 | -5,970 | -5,948 | -5,928 | -5,908 | -5,887 | -5,869 | -5,849 | -5,831 |
Other Financing Activities | -149 | -168 | -138 | -103 | -133 | -115 | -38 | 21 | 132 | -246 | 158 | 430 | 410 | 114 | -554 | 70 | 81 | 909 | 545 | -379 |
Financing Cash Flow | -6,553 | -3,829 | -2,099 | -1,852 | -3,513 | -7,079 | -7,018 | -7,385 | -5,600 | -1,769 | -3,006 | 839 | -627 | -4,958 | -4,798 | -7,259 | -6,194 | -13,354 | -16,955 | -16,896 |
Effect of Exchange Rate Changes on Cash and Cash Equivalents | 74 | 418 | 99 | 364 | -33 | -359 | 100 | -226 | -174 | 9 | 99 | 22 | -215 | -244 | -489 | -387 | -56 | -185 | -46 | 149 |
Net Cash Flow | -298 | -520 | -1,615 | -2,452 | -3,604 | 1,071 | 5,939 | 5,054 | 5,230 | 5,101 | -699 | 2,171 | -684 | 1,032 | 168 | -311 | -453 | -6,718 | -6,746 | -4,623 |
Free Cash Flow | 12,913 | 12,102 | 12,471 | 12,239 | 12,594 | 12,397 | 12,533 | 12,713 | 13,141 | 12,686 | 12,079 | 10,888 | 9,596 | 9,089 | 7,627 | 8,198 | 9,281 | 10,734 | 13,822 | 15,227 |
Free Cash Flow Growth | 2.53% | -2.38% | -0.50% | -3.73% | -4.16% | -2.28% | 3.76% | 16.76% | 36.94% | 39.57% | 58.37% | 32.81% | 3.39% | -15.32% | -44.82% | -46.16% | -42.54% | -31.10% | 4.14% | 19.49% |
FCF Margin | 18.74% | 17.92% | 19.07% | 19.11% | 20.04% | 19.76% | 20.03% | 20.38% | 21.17% | 20.51% | 19.65% | 17.90% | 15.76% | 15.02% | 12.60% | 13.74% | 15.90% | 18.72% | 22.65% | 23.31% |
Free Cash Flow Per Share | 13.59 | 12.76 | 13.18 | 13.02 | 13.45 | 13.23 | 13.48 | 13.67 | 14.19 | 13.76 | 13.14 | 11.91 | 10.52 | 9.96 | 8.40 | 9.03 | 10.24 | 11.87 | 15.29 | 16.88 |
Levered Free Cash Flow | 14,705 | 17,760 | 15,517 | 12,862 | 11,751 | 9,812 | 8,556 | 10,940 | 13,149 | 17,883 | 14,612 | 10,911 | 8,310 | 4,145 | 3,429 | 6,824 | 9,011 | 3,680 | -874 | 1,610 |
Unlevered Free Cash Flow | 16,378 | 16,816 | 12,510 | 10,160 | 10,563 | 12,490 | 11,153 | 13,678 | 14,113 | 14,780 | 12,899 | 6,044 | 4,915 | 5,157 | 4,667 | 9,885 | 10,503 | 11,850 | 10,459 | 11,986 |