International business machines corporation (IBM)
Balance Sheet / Yearly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Dec'09Sep'09Jun'09Dec'08
Assets
Current assets
Cash and cash equivalents

11,218

8,172

10,087

45,399

17,134

11,379

11,563

10,741

11,949

11,972

10,915

11,696

10,096

7,826

9,039

10,017

14,354

7,686

9,480

8,393

8,796

8,476

9,561

9,715

9,409

10,716

10,072

9,558

10,585

10,412

11,909

10,864

11,835

11,922

11,303

11,714

12,763

10,661

9,859

10,325

12,472

12,183

9,532

11,678

12,741

Restricted cash

152

141

138

135

137

225

168

219

313

262

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Marketable securities

647

696

733

874

872

618

2,932

966

893

608

600

599

599

701

929

600

515

508

88

367

8

0

4

5

295

350

160

799

1,407

717

345

323

500

0

-

50

482

990

1,227

1,916

1,505

1,791

1,980

848

166

Notes and accounts receivable - trade (net of allowances of $337 in 2020 and $299 in 2019)

6,927

7,870

6,753

7,414

6,987

7,432

7,071

7,445

7,778

8,928

8,150

8,401

8,377

9,182

8,291

8,782

8,527

8,333

7,987

8,632

8,806

9,090

9,122

9,902

9,682

10,465

9,865

10,277

10,084

10,667

9,772

10,172

10,012

11,179

9,719

10,539

10,148

10,834

9,717

9,051

9,324

10,736

9,426

9,561

10,906

Short-term financing receivables (net of allowances of $186 in 2020 and $188 in 2019)

12,126

14,192

12,330

15,543

20,287

22,388

19,249

19,806

20,245

21,721

18,050

17,563

16,362

19,006

16,032

16,635

16,646

19,020

16,195

16,888

16,303

19,835

17,411

18,620

18,329

19,787

16,786

16,661

16,141

18,038

14,925

14,982

15,160

16,901

14,145

14,715

14,365

16,257

13,592

13,301

13,083

14,914

12,944

13,116

15,477

Other accounts receivable (net of allowances of $28 in 2020 and $33 in 2019)

1,616

1,733

1,876

1,781

671

743

767

1,089

1,206

981

926

994

1,130

1,057

873

1,130

1,557

1,201

931

2,390

2,740

2,906

1,469

1,555

1,650

1,584

1,683

1,898

1,971

1,873

2,066

1,703

1,669

1,481

1,123

1,127

1,145

1,134

1,187

1,140

1,104

1,143

1,252

1,179

1,172

Inventories, at lower of average cost or net realizable value:
Finished goods

298

220

351

324

369

-

448

488

544

-

430

424

423

-

433

414

393

-

388

364

371

-

508

449

472

-

528

482

519

-

649

752

696

-

618

560

548

-

516

493

555

-

554

565

-

Work in process and raw materials

1,488

1,399

1,361

1,421

1,402

-

1,445

1,254

1,209

-

1,281

1,180

1,186

-

1,297

1,271

1,296

-

1,224

1,548

1,599

-

1,848

1,889

1,984

-

1,964

1,906

1,902

-

1,937

2,006

2,058

-

2,045

2,013

2,001

-

2,113

2,102

1,969

-

1,992

2,126

-

Total

1,786

1,619

1,712

1,745

1,771

1,682

1,893

1,742

1,753

1,583

1,711

1,604

1,609

1,553

1,729

1,685

1,690

1,551

1,613

1,912

1,970

2,103

2,356

2,338

2,456

2,310

2,492

2,389

2,421

2,287

2,586

2,758

2,754

2,595

2,663

2,573

2,549

2,450

2,629

2,595

2,524

2,494

2,546

2,691

2,701

Deferred costs

1,948

1,896

1,978

2,217

2,368

2,300

2,227

2,344

2,413

1,820

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,660

2,133

1,805

-

2,219

1,783

1,708

1,651

1,752

1,584

1,592

1,415

1,522

1,478

1,617

1,601

1,247

1,557

1,695

1,564

1,596

1,444

1,565

1,730

1,832

1,652

1,542

Prepaid expenses and other current assets

2,509

2,101

2,515

2,409

2,478

2,378

2,388

2,443

2,573

1,860

4,389

4,155

4,715

4,564

4,539

4,676

4,334

4,205

4,158

4,470

5,890

4,967

5,022

4,263

4,430

4,488

4,723

4,746

4,747

4,024

5,016

5,113

5,299

5,249

5,172

4,662

4,376

4,226

4,661

5,124

4,121

3,946

3,934

3,709

4,299

Total current assets

38,931

38,420

38,121

77,517

52,705

49,146

48,257

46,795

49,122

49,735

44,742

45,013

42,889

43,888

41,433

43,524

47,623

42,504

42,112

45,186

46,316

47,377

47,163

48,182

47,959

51,350

47,533

47,911

48,949

49,433

48,141

47,392

48,847

50,928

45,373

46,937

47,524

48,116

44,469

44,895

45,697

48,935

43,446

44,435

49,004

Property, plant and equipment

31,089

32,028

31,670

31,843

32,692

32,460

32,484

32,233

32,775

32,331

31,937

31,291

30,681

30,133

30,842

30,136

29,627

29,342

29,229

38,639

38,303

39,034

39,950

40,936

40,478

40,475

40,808

39,552

40,056

40,501

40,716

40,158

40,441

40,124

40,139

41,126

40,765

40,289

39,936

38,292

39,018

39,596

39,789

38,669

38,445

Less: Accumulated depreciation

21,464

22,018

21,608

21,641

22,017

21,668

21,535

21,209

21,497

21,215

20,880

20,388

19,816

19,303

19,738

19,044

18,717

18,615

18,568

27,936

27,793

28,263

28,882

27,188

26,795

26,654

26,931

26,196

26,459

26,505

26,688

26,293

26,496

26,241

26,252

26,887

26,557

26,193

25,927

24,758

25,178

25,431

25,600

24,721

24,140

Property, plant and equipment - net

9,626

10,010

10,063

10,202

10,675

10,792

10,949

11,024

11,278

11,116

11,057

10,903

10,865

10,830

11,104

11,092

10,910

10,727

10,661

10,702

10,509

10,771

11,068

13,748

13,683

13,821

13,877

13,356

13,597

13,996

14,027

13,865

13,946

13,883

13,887

14,239

14,208

14,096

14,009

13,534

13,841

14,165

14,189

13,948

14,305

Operating right-of-use assets - net

4,871

4,996

4,901

4,998

4,634

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term financing receivables (net of allowances of $52 in 2020 and $33 in 2019)

7,708

8,712

7,739

8,441

8,361

9,148

8,179

8,783

8,856

9,550

8,459

8,296

8,502

9,021

8,936

9,267

9,266

10,013

9,517

10,339

9,820

11,109

10,993

12,140

11,918

12,755

11,675

11,828

11,946

12,812

10,791

10,795

10,549

10,776

9,830

10,422

10,254

10,548

9,448

9,185

9,542

10,644

10,229

10,197

11,183

Prepaid pension assets

6,933

6,865

5,481

5,319

4,966

4,666

5,655

5,375

5,129

4,643

4,521

4,015

3,491

3,034

3,487

2,957

2,332

1,734

4,033

3,440

2,690

2,160

7,443

6,894

6,110

5,551

1,476

922

903

945

3,424

2,862

2,974

2,843

5,131

4,855

3,788

3,068

4,379

3,575

3,289

3,001

2,711

2,182

1,601

Deferred costs

2,459

2,472

2,535

2,662

2,663

2,676

2,581

2,613

2,593

2,136

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred taxes

8,782

5,182

4,994

5,274

5,284

5,216

4,436

4,689

5,111

4,862

7,289

6,812

6,457

5,224

4,289

4,387

4,809

4,822

3,690

4,211

4,374

6,675

2,697

2,828

3,034

3,051

3,682

4,150

4,227

3,973

2,555

2,795

3,100

3,503

2,570

2,877

3,076

3,220

2,953

3,122

3,537

4,195

6,341

6,762

7,270

Goodwill

57,517

58,222

57,951

35,284

36,281

36,265

36,526

36,482

36,732

36,788

36,782

36,517

36,307

36,199

36,401

36,422

34,322

32,021

30,275

30,535

29,871

30,556

31,045

31,568

31,214

31,184

30,882

28,846

29,025

29,247

28,270

27,735

27,468

26,213

24,913

25,609

25,408

25,136

22,703

20,544

20,889

20,190

19,272

18,737

18,226

Intangible assets - net

14,666

15,235

15,613

2,728

2,956

3,087

3,134

3,344

3,521

3,742

3,981

4,179

4,436

4,688

4,881

5,148

4,373

3,487

2,775

2,938

2,991

3,104

3,373

3,585

3,698

3,871

4,003

3,418

3,601

3,787

3,565

3,657

3,641

3,392

3,033

3,205

3,324

3,488

3,047

2,526

2,618

2,513

2,436

2,580

2,878

Investments and sundry assets

1,911

2,074

2,221

2,228

2,403

2,386

2,272

2,518

2,942

2,783

4,806

4,759

4,549

4,585

5,075

5,259

5,223

5,187

5,586

5,377

5,466

5,520

5,126

5,369

5,030

4,639

4,718

4,721

5,011

5,021

5,006

4,730

4,822

4,895

5,422

5,329

5,380

5,778

6,166

6,038

5,794

5,379

5,051

4,813

5,058

Total assets

153,403

152,186

149,620

154,652

130,926

123,382

121,990

121,622

125,285

125,356

121,636

120,495

117,495

117,470

115,606

118,056

118,856

110,495

108,649

112,729

112,037

117,271

118,911

124,314

122,646

126,223

117,845

115,153

117,258

119,213

115,778

113,832

115,347

116,433

110,158

113,474

112,960

113,452

107,174

103,420

105,208

109,022

103,675

103,655

109,524

Liabilities and equity
Current liabilities:
Taxes

2,348

2,839

2,154

2,439

2,484

3,046

2,502

2,780

2,918

4,219

3,038

2,779

2,747

3,235

2,137

2,275

2,203

2,847

2,883

3,639

3,539

5,084

2,475

2,335

2,245

4,633

4,746

4,708

4,678

4,948

2,147

2,183

2,184

3,313

2,360

2,363

2,531

4,216

2,908

2,895

2,775

3,826

2,213

2,259

2,743

Short-term debt

11,642

8,797

8,530

14,594

10,250

10,207

10,932

7,646

5,977

6,987

4,299

8,061

8,340

7,513

6,920

4,887

5,303

6,461

7,538

5,329

4,532

5,731

12,876

12,462

9,312

6,862

7,702

7,830

8,725

9,181

9,334

7,669

6,293

8,463

6,071

7,858

8,508

6,778

5,556

5,633

5,014

4,168

4,885

8,504

11,236

Accounts payable

4,172

4,896

4,042

4,724

5,711

6,558

5,384

5,518

5,736

6,451

5,442

5,126

5,324

6,209

5,271

5,484

5,302

6,028

5,166

5,943

6,314

6,864

5,855

6,271

6,865

7,461

6,263

6,821

7,203

7,952

7,085

7,482

7,416

8,517

7,093

7,112

6,747

7,804

7,084

7,233

6,345

7,436

6,145

5,869

7,014

Compensation and benefits

3,029

3,406

3,504

3,556

3,027

3,310

3,601

3,686

3,289

3,644

3,918

3,865

3,197

3,577

3,958

3,950

3,444

3,560

3,785

3,991

3,328

4,031

3,965

4,037

3,664

3,893

4,210

4,223

3,964

4,745

4,730

4,656

4,370

5,099

4,826

4,706

4,446

5,028

4,651

4,022

3,701

4,505

4,311

3,901

4,623

Deferred income

13,377

12,026

11,223

11,261

12,134

11,165

10,704

11,752

13,059

11,552

10,649

11,541

12,351

11,035

10,815

11,508

12,609

11,021

10,458

11,332

12,162

11,877

11,346

12,591

13,681

12,557

11,658

12,241

12,971

11,952

11,230

12,311

13,269

12,197

11,252

12,660

12,820

11,580

10,499

10,671

11,456

10,845

9,703

10,335

10,239

Operating lease liabilities

1,327

1,380

1,377

1,319

1,313

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other accrued expenses and liabilities

4,777

4,357

4,235

4,458

3,952

3,941

3,700

4,059

4,754

4,510

4,352

4,594

4,522

4,705

5,346

5,480

5,804

4,353

3,902

5,301

5,765

5,994

5,788

4,737

5,292

4,748

4,643

5,214

4,583

4,847

4,973

4,602

4,677

4,535

4,426

5,144

5,336

5,156

4,745

4,539

5,285

5,223

5,704

5,562

6,580

Total current liabilities

40,673

37,701

35,066

42,351

38,871

38,227

36,822

35,442

35,733

37,363

31,697

35,966

36,481

36,275

34,447

33,585

34,664

34,269

33,732

35,535

35,640

39,581

42,306

42,433

41,058

40,154

39,222

41,037

42,122

43,625

39,499

38,903

38,209

42,123

36,028

39,843

40,387

40,562

35,443

34,993

34,575

36,002

32,960

36,430

42,435

Long-term debt

52,685

54,102

57,797

58,445

39,727

35,605

35,989

37,851

40,410

39,837

41,327

37,612

34,441

34,655

35,563

39,638

40,254

33,428

32,122

33,339

34,295

34,991

32,821

34,008

34,668

32,856

28,478

26,292

24,672

24,088

24,333

24,766

25,760

22,857

24,089

21,915

21,749

21,846

21,899

21,017

21,305

21,932

20,583

20,868

22,689

Retirement and nonpension postretirement benefit obligations

16,474

17,142

15,925

16,471

16,467

17,002

15,774

15,963

16,750

16,720

17,554

17,320

16,967

17,070

16,688

16,723

16,939

16,504

17,012

17,298

17,211

18,261

15,093

15,984

16,031

16,242

17,994

17,962

19,069

20,418

16,682

16,544

17,579

18,374

15,375

16,014

15,995

15,978

15,145

14,598

15,216

15,953

18,427

18,459

19,452

Deferred income

3,769

3,851

3,382

3,474

3,481

3,445

3,507

3,718

3,852

3,746

3,579

3,617

3,557

3,600

3,611

3,837

3,662

3,771

3,593

3,892

3,811

3,691

3,683

4,152

4,042

4,108

4,087

4,166

4,409

4,491

4,263

3,889

3,904

3,847

3,634

3,641

3,724

3,666

3,487

3,341

3,456

3,562

3,348

3,283

3,171

Operating lease liabilities

3,799

3,879

3,790

3,946

3,590

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other liabilities

15,874

14,526

15,564

12,190

12,184

12,174

9,979

10,000

10,250

9,965

7,723

7,437

7,601

7,477

8,138

8,385

8,264

8,099

8,739

8,827

8,791

8,733

10,613

10,224

10,106

9,934

8,057

7,812

7,771

7,607

9,335

9,166

9,112

8,996

8,654

8,851

8,330

8,226

8,842

8,295

8,506

8,819

9,863

9,141

8,192

Total liabilities

133,275

131,202

131,524

136,876

114,320

106,452

102,071

102,974

106,995

107,631

101,879

101,951

99,047

99,078

98,447

102,167

103,784

96,071

95,198

98,892

99,747

105,257

104,515

106,801

105,906

103,294

97,837

97,269

98,044

100,229

94,112

93,269

94,563

96,197

87,781

90,263

90,185

90,279

84,815

82,244

83,059

86,267

85,182

88,182

95,939

Commitments and Contingencies (Note R)

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

0

-

-

-

0

-

-

-

0

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

Equity:
Common stock, par value $.20 per share, and additional paid-in capital; Shares authorized: 4,687,500,000; Shares issued: 2020-2,238,932,461; 2019-2,237,996,975

56,092

55,895

55,808

55,404

55,287

55,151

54,987

54,827

54,712

54,566

54,395

54,235

54,104

53,935

53,759

53,565

53,439

53,262

53,220

53,059

52,928

52,666

52,446

52,163

51,943

51,594

51,203

50,886

50,522

50,110

49,603

49,157

48,800

48,129

47,558

46,975

46,278

45,418

44,328

43,522

42,665

41,810

40,482

39,774

39,129

Retained earnings

162,626

162,954

160,709

160,467

159,396

159,206

158,612

157,349

156,371

153,126

155,565

154,234

153,292

152,759

149,585

148,071

146,888

146,124

142,898

141,218

139,030

137,793

133,403

134,483

131,431

130,042

124,885

121,883

119,713

117,641

112,773

109,928

107,036

104,857

100,266

97,334

94,590

92,532

88,095

85,323

82,783

80,900

76,812

74,328

70,353

Treasury stock, at cost; Shares: 2020-1,351,040,504; 2019-1,350,886,521

169,437

169,413

169,474

169,385

169,021

168,071

165,995

165,366

164,334

163,507

162,812

161,860

160,359

159,050

158,170

157,298

156,404

155,518

154,669

153,162

151,975

150,715

150,616

148,900

145,612

137,242

131,240

129,239

125,677

123,131

120,115

117,116

114,020

110,963

107,434

104,073

100,078

96,161

92,707

89,276

85,238

81,243

78,411

77,679

74,171

Accumulated other comprehensive income/(loss)

-29,283

-28,597

-29,086

-28,841

-29,182

-29,490

-27,820

-28,290

-28,583

-26,592

-27,521

-28,189

-28,710

-29,398

-28,164

-28,604

-28,998

-29,607

-28,155

-27,432

-27,842

-27,875

-20,978

-20,369

-21,156

-21,602

-24,971

-25,774

-25,466

-25,759

-20,720

-21,498

-21,115

-21,885

-18,099

-17,109

-18,119

-18,743

-17,479

-18,510

-18,178

-18,830

-20,487

-21,043

-21,845

Total IBM stockholders' equity

19,999

20,841

17,956

17,645

16,481

16,796

19,784

18,520

18,166

17,594

19,627

18,419

18,327

18,246

17,010

15,733

14,925

14,262

13,294

13,684

12,141

11,868

14,255

17,377

16,607

22,792

19,877

17,756

19,092

18,860

21,541

20,472

20,701

20,138

22,291

23,127

22,671

23,046

22,238

21,059

22,033

22,637

18,396

15,380

13,465

Noncontrolling interests

129

144

139

131

126

134

134

128

124

131

130

125

121

146

149

156

147

162

157

153

148

146

140

136

133

137

131

127

122

124

126

92

82

97

87

84

104

126

121

117

116

118

98

94

119

Total equity

20,128

20,985

18,096

17,776

16,607

16,929

19,918

18,648

18,290

17,725

19,757

18,544

18,448

18,392

17,159

15,889

15,072

14,424

13,450

13,837

12,289

12,014

14,395

17,513

16,740

22,929

20,008

17,883

19,214

18,984

21,666

20,563

20,783

20,236

22,378

23,210

22,776

23,172

22,359

21,176

22,149

22,755

18,493

15,473

13,584

Total liabilities and equity

153,403

152,186

149,620

154,652

130,926

123,382

121,990

121,622

125,285

125,356

121,636

120,495

117,495

117,470

115,606

118,056

118,856

110,495

108,649

112,729

112,037

117,271

118,911

124,314

122,646

126,223

117,845

115,153

117,258

119,213

115,778

113,832

115,347

116,433

110,158

113,474

112,960

113,452

107,174

103,420

105,208

109,022

103,675

103,655

109,524