INTERNATIONAL BUSINESS MACHINES CORPIBM
Market cap
$281.9B
P/E ratio
| Dec 31, 2010 | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | |
| Net income | 14,833 | 15,855 | 16,604 | 16,483 | 12,022 | 13,190 | 11,872 | 5,753 | 8,728 | 9,431 | 5,590 | 5,743 | 1,639 | 7,502 | 6,023 |
| Pension Settlement Charge | - | - | - | - | - | - | - | - | - | - | - | - | 5,900 | - | 3,100 |
| Depreciation | 3,657 | 3,589 | 3,392 | 3,327 | 3,145 | 2,662 | 2,837 | 3,021 | 3,127 | 4,209 | 4,227 | 3,888 | 2,407 | 2,109 | 2,168 |
| Amortization of Intangible Assets | 1,174 | 1,226 | 1,284 | 1,351 | 1,347 | 1,193 | 1,544 | 1,520 | 1,353 | 1,850 | 2,468 | 2,529 | 2,395 | 2,287 | 2,499 |
| Stock-based compensation | 629 | 697 | 688 | 614 | 512 | 468 | 544 | 534 | 510 | 679 | 937 | 982 | 987 | 1,133 | 1,311 |
| Deferred taxes | 1,294 | 1,212 | 797 | -1,610 | -237 | 1,387 | -1,132 | -931 | 853 | -1,527 | -3,203 | -2,001 | -2,726 | -1,114 | -2,330 |
| Net (gain)/loss on divestitures, asset sales and other | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 652 |
| Receivables (including financing receivables) | 489 | 1,279 | 2,230 | 1,407 | -1,270 | -812 | -712 | -1,297 | -1,006 | -502 | -5,297 | -1,372 | 539 | -725 | 374 |
| Retirement related | 1,963 | 1,371 | 1,008 | -294 | 655 | 22 | -54 | -1,014 | -1,368 | -301 | -936 | -1,038 | -331 | 462 | -265 |
| Inventory | -92 | 163 | -280 | 57 | 39 | -133 | 14 | -18 | 127 | -67 | 209 | -138 | -71 | -390 | 166 |
| Other assets/other liabilities | -949 | 28 | -733 | 747 | 1,886 | 3,448 | -282 | -4,437 | 1,819 | -858 | -2,087 | 671 | 115 | -1,466 | -1,601 |
| Accounts payable | 174 | 451 | -224 | -529 | -456 | 81 | 197 | 47 | 126 | -503 | 138 | 85 | 213 | 65 | -13 |
| Net cash provided by operating activities | 19,549 | - | - | - | - | - | 16,958 | 16,724 | 15,247 | 14,770 | 18,197 | 12,796 | 10,435 | 13,931 | 13,445 |
| Payments for property, plant and equipment | 4,185 | 4,108 | 4,082 | 3,623 | 3,740 | 3,579 | 3,567 | 3,229 | 3,395 | 2,286 | 2,618 | 2,062 | 1,346 | 1,245 | 1,048 |
| Proceeds from Sale of Productive Assets | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 557 |
| Investment in software | - | - | - | - | - | - | 583 | 544 | 569 | 621 | 612 | 706 | 626 | 565 | 637 |
| Purchases of marketable securities and other investments | 6,129 | 1,594 | 4,109 | 4,608 | 2,338 | 3,073 | 5,917 | 4,964 | 7,041 | 3,693 | 6,246 | 3,561 | 5,930 | 11,143 | 7,762 |
| Proceeds from Sale, Maturity and Collection of Investments | 7,877 | 3,345 | 3,142 | 4,873 | 2,493 | 2,842 | 5,692 | 3,910 | 6,487 | 3,961 | 5,618 | 3,147 | 4,665 | 10,647 | 6,544 |
| Acquisition of businesses, net of cash acquired | 5,922 | 1,811 | 3,722 | 3,056 | 656 | 3,349 | 5,679 | 496 | 139 | 32,630 | 336 | 3,293 | 2,348 | 5,082 | 3,289 |
| Divestiture of businesses, net of cash transferred | 55 | 14 | 599 | 297 | 2,357 | - | -454 | -205 | - | 1,076 | 503 | 114 | 1,272 | -4 | 698 |
| Net cash provided by/(used in) investing activities | -8,507 | - | - | - | - | - | -10,976 | -7,096 | -4,913 | -26,936 | -3,028 | -5,975 | -4,202 | -7,070 | -4,937 |
| Proceeds from new debt | 8,055 | 9,996 | 12,242 | 16,353 | 8,180 | 5,540 | 9,132 | 9,643 | 6,891 | 31,825 | 10,504 | 522 | 7,804 | 9,586 | 5,705 |
| Payments to settle debt | 6,522 | 8,947 | 9,549 | 10,013 | 4,644 | 5,622 | 6,395 | 6,816 | 8,533 | 12,944 | 13,365 | 8,597 | 6,800 | 5,082 | 6,615 |
| Short-term borrowings/(repayments) less than 90 days—net | - | - | - | - | - | - | 26 | 620 | 1,341 | -2,597 | -853 | -40 | 217 | -7 | 30 |
| Common stock repurchases for tax withholdings | - | - | - | - | - | - | - | 193 | 171 | 272 | 302 | 319 | 407 | 402 | 651 |
| Proceeds from issuance of shares | 3,774 | 2,453 | 1,540 | 1,074 | 709 | 322 | 204 | 175 | - | - | - | - | - | - | 745 |
| Financing—other | - | - | - | - | - | - | - | - | 111 | 99 | 92 | 70 | 176 | 176 | -145 |
| Cash dividends paid | 3,177 | 3,473 | 3,773 | 4,058 | 4,265 | 4,897 | 5,256 | 5,506 | 5,666 | 5,707 | 5,797 | 5,869 | 5,948 | 6,040 | 6,147 |
| Net cash provided by/(used in) financing activities | -12,429 | - | - | - | - | - | -5,791 | -6,418 | -10,469 | 9,042 | -9,721 | -13,354 | -4,958 | -1,769 | -7,079 |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | - | - | - | - | - | - | - | - | -495 | -167 | -87 | -185 | -244 | 9 | -359 |
| Net change in cash, cash equivalents and restricted cash | - | - | - | - | - | - | - | - | -630 | -3,290 | 5,361 | -6,718 | 1,032 | 5,101 | 1,071 |
| Income Taxes Paid, Net | 3,238 | 4,168 | 3,169 | 4,024 | 5,748 | 2,657 | 1,078 | 1,597 | 1,745 | 2,091 | 2,253 | 2,103 | 1,865 | 1,564 | 1,723 |
| Interest paid on debt | 951 | 956 | 1,009 | 982 | 1,061 | 995 | 1,158 | 1,208 | 1,423 | 1,685 | 1,830 | 1,512 | 1,401 | 1,668 | 1,978 |