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International Business Machines Corp

Technology > Application Software

Last	Change	Change %	Volume	Last-Trade Time	Open	High	Low
223.75	0.57	0.26	2,643	January 10, 2025 04:25:38 EST

International Business Machines Corp was incorporated in the State of New York on June 16, 1911. The company creates business value for clients and solves business problems through integrated solutions that leverage information technology and knowledge of business processes. Its solutions create value by reducing a client's operational costs or by enabling new capabilities that generate revenue. These solutions draw from an industry portfolio of consulting, delivery and implementation services, enterprise software, systems and financing. The company's operations consist of five business segments namely Global Technology Services and Global Business Services, which the company collectively calls Global Services, and Software, Systems and Technology and Global Financing. Global Services is a component of the company's strategy of providing IT infrastructure and business insight and solutions to clients. While solutions include industry’s IBM software and systems, other suppliers' products are also used if a client solution requires it. Within Global Services, there are two reportable segments namely Global Technology Services and Global Business Services. Global Technology Services (GTS) provides IT infrastructure and business process services, creating business value for clients through technology and IP, Global Business Services (GBS) delivers predictable business outcomes to the company's clients across two primary business areas namely Consulting and Application Management Services. The role of GBS is to drive initiatives that integrate IBM content and solutions and drive the progress of the company's four growth initiatives. Software consists mainly of middleware and operating systems software. Middleware software enables clients to integrate systems, processes and applications across a standard software platform to improve their business results, solve critical problems and gain competitive advantage within their industries. IBM middleware is designed on open standards, making it easier to integrate disparate business applications, developed by different methods and implemented at different times. Operating systems are the software engines that run computers. Systems and Technology (STG) provides clients with business solutions requiring advanced computing power and storage capabilities. Approximately half of Systems and Technology's server and storage sales transactions are through the company's business partners; with the balance direct to end-user clients. In addition, Systems and Technology provides semiconductor technology, products and packaging solutions for IBM's own advanced technology needs and for external clients. Global Financing facilitates clients' acquisition of IBM systems, software and services. Global Financing invests in financing assets, leverages with debt and manages the associated risks with the objective of generating consistently strong returns on equity. The Company has global presence, operating in more than 170 countries. The Company’s competitors include Cisco Systems, Inc. (Cisco), Dell, Inc., EMC Corporation, HP and Oracle. The company is subject to various federal, state, local and foreign laws and regulations concerning the discharge of materials into the environment or otherwise related to environmental protection, including the U.S. Superfund law.

Income Statement PageFull History
Period Ending	2013-12-31	2012-12-31	2011-12-31	2010-12-31
Total Revenue	99.75 Bil	104.51 Bil	106.92 Bil	99.87 Bil
Cost Revenue	51.25 Bil	54.21 Bil	56.78 Bil	53.86 Bil
Gross Profit	48.51 Bil	50.30 Bil	50.14 Bil	46.01 Bil
Operational Cost
Selling General and Administrative	22.98 Bil	23.55 Bil	23.22 Bil	21.55 Bil
Research and Development	6.23 Bil	6.30 Bil	6.26 Bil	6.03 Bil
Depreciation and Amortization	370.00 Mil	N/A	289.00 Mil	253.00 Mil
Other Operating Expenses	N/A	N/A	N/A	N/A
Total Operating Expenses	80.97 Bil	84.06 Bil	86.63 Bil	81.72 Bil
Income From Continuing Operations
Income Before Tax	19.52 Bil	21.90 Bil	21.00 Bil	19.72 Bil
Income Tax Expenses	3.04 Bil	5.30 Bil	5.15 Bil	4.89 Bil
Minority Interest	N/A	N/A	N/A	N/A
Net Income From Continuing Operation	16.48 Bil	16.60 Bil	15.86 Bil	14.83 Bil
Extraordinary Items	16.48 Bil	16.60 Bil	15.86 Bil	14.83 Bil
Net Income	16.48 Bil	16.60 Bil	15.86 Bil	14.83 Bil
Net Income to Common Stockholders	N/A	N/A	N/A	N/A
Diluted EPS	14.94	14.37	13.06	11.52
Diluted Average Shares	1.10 Bil	1.16 Bil	1.21 Bil	1.29 Bil
Normalized Basic EPS	14.23	14.31	12.62	11.69
Normalized Diluted EPS	14.12	14.15	12.45	11.52
Other Income Statement Information
Net Non Operating Interest Income Expense	-328.00 Mil	-350.00 Mil	-275.00 Mil	-276.00 Mil
Net Interest Income	-328.00 Mil	-350.00 Mil	-275.00 Mil	-276.00 Mil
Non Net Interest Income	74.00 Mil	109.00 Mil	136.00 Mil	92.00 Mil
Operating Expense	29.73 Bil	29.86 Bil	29.85 Bil	27.86 Bil
Operating Income	18.78 Bil	20.44 Bil	20.29 Bil	18.15 Bil
Operating Revenue	99.75 Bil	104.51 Bil	106.92 Bil	99.87 Bil
Other Income Expense	1.08 Bil	340.00 Mil	992.00 Mil	1.85 Bil
Reconciled Cost Of Revenue	46.94 Bil	54.21 Bil	52.25 Bil	49.28 Bil
Reconciled Depreciation	4.68 Bil	4.68 Bil	4.82 Bil	4.83 Bil
Normalized Income	15.58 Bil	16.35 Bil	15.11 Bil	14.83 Bil
Non Operating Income	1.08 Bil	340.00 Mil	992.00 Mil	1.85 Bil
Non Operating Expenses	-328.00 Mil	-350.00 Mil	-275.00 Mil	-276.00 Mil
EBITDA	24.60 Bil	27.04 Bil	26.23 Bil	24.92 Bil
Net Income From Continuing Operation Net Minority Interest	16.48 Bil	16.60 Bil	15.86 Bil	14.83 Bil
Continuing And Discontinued Basic EPS	15.06	14.53	13.25	11.69
Continuing And Discontinued Diluted EPS	14.94	14.37	13.06	11.52
Basic EPS	15.06	14.53	13.25	11.69
Diluted Continuous Operations	14.94	14.37	13.06	11.52
Dividend Per Share	3.70	3.30	2.90	2.50
Amortization	370.00 Mil	N/A	289.00 Mil	253.00 Mil
Depreciation Amortization Depletion	370.00 Mil	N/A	289.00 Mil	253.00 Mil
Gain On Sale Of Security	29.00 Mil	-55.00 Mil	227.00 Mil	N/A
General And Administrative Expense	2.49 Bil	N/A	1.56 Bil	1.62 Bil
Interest Expense	402.00 Mil	459.00 Mil	411.00 Mil	368.00 Mil
Interest Expense Non Operating	402.00 Mil	459.00 Mil	411.00 Mil	368.00 Mil
Interest Income Non Operating	74.00 Mil	109.00 Mil	136.00 Mil	92.00 Mil
Misc Other Special Charges	-1.05 Bil	-395.00 Mil	-765.00 Mil	N/A
Promotion And Advertising	1.29 Bil	N/A	1.37 Bil	1.34 Bil
Provision For Doubtful Accounts	156.00 Mil	N/A	88.00 Mil	40.00 Mil
Salaries And Wages	1.43 Bil	N/A	1.12 Bil	1.62 Bil
Selling And Marketing Expense	1.29 Bil	N/A	1.37 Bil	1.34 Bil
Amortization Of Intangibles	370.00 Mil	N/A	289.00 Mil	253.00 Mil
Net Income From Continuing And Discontinued Operation	16.48 Bil	16.60 Bil	15.86 Bil	14.83 Bil
Earning Before Interest And Tax	19.93 Bil	22.36 Bil	21.41 Bil	20.09 Bil
EBITDA	24.60 Bil	27.04 Bil	26.23 Bil	24.92 Bil
Basic Continuous Operations	15.06	14.53	13.25	11.69
Basic Average Shares	1.09 Bil	1.14 Bil	1.20 Bil	1.27 Bil
Net Income Including Noncontrolling Interests	16.48 Bil	16.60 Bil	15.86 Bil	14.83 Bil
Total Unusual Items	1.07 Bil	340.00 Mil	992.00 Mil	N/A
Total Unusual Items Excluding Goodwill	1.07 Bil	340.00 Mil	992.00 Mil	N/A
Tax Rate For Calcs	0.1558	0.2419	0.2451	0.2479
Calculated Tax Effect Of Unusual Items	167.28 Mil	82.23 Mil	243.15 Mil	N/A
Form Type	10-K	10-K	10-K	10-K