International business machines corporation (IBM)
CashFlow / TTM
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'09Mar'09
Net income

9,015

9,431

7,712

8,734

8,640

8,728

5,723

5,754

5,682

5,753

11,308

11,436

11,608

11,872

11,834

11,931

12,876

13,190

14,210

11,278

11,966

12,022

12,723

16,746

15,835

16,483

16,132

15,914

16,570

16,604

16,261

16,277

16,058

15,855

15,622

15,372

15,095

14,833

14,389

14,014

13,731

13,425

0

0

0

Adjustments to reconcile net income to cash provided by operating activities
Depreciation

4,078

4,209

3,978

3,710

3,496

3,127

3,127

3,129

3,086

3,021

2,962

2,894

2,869

2,837

2,787

2,709

2,669

2,662

2,698

2,852

3,013

3,145

3,298

3,323

3,307

3,327

3,277

3,318

3,367

3,392

3,460

3,479

3,518

3,589

3,621

3,650

3,651

3,657

3,704

3,743

3,780

3,773

0

0

0

Amortization of intangibles

2,169

1,850

1,543

1,280

1,316

1,353

1,390

1,426

1,470

1,520

1,557

1,576

1,587

1,544

1,457

1,344

1,242

1,193

1,213

1,262

1,306

1,347

1,362

1,373

1,359

1,351

1,339

1,314

1,305

1,284

1,252

1,234

1,226

1,226

1,241

1,223

1,198

1,174

1,157

1,173

1,195

1,221

0

0

0

Stock-based compensation

755

679

607

516

507

510

517

511

521

534

529

548

540

544

502

472

474

468

465

503

515

512

575

575

594

614

633

665

664

688

709

693

695

697

653

641

630

629

616

609

590

558

0

0

0

Net (gain)/loss on asset sales and other

605

1,096

687

670

87

-123

96

54

-35

-14

-54

31

97

-62

3

-496

-301

-481

689

958

1,022

1,535

359

651

335

236

171

621

648

729

787

77

165

342

382

594

543

801

716

645

675

395

0

0

0

Change in operating assets and liabilities, net of acquisitions/divestitures
Changes in operating assets and liabilities, net of acquisitions/divestitures

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

Net cash provided by operating activities

14,487

14,770

15,438

16,051

15,404

15,247

16,861

16,199

17,371

16,724

14,970

15,517

15,509

17,084

18,631

18,749

19,175

17,255

17,788

17,457

17,152

16,868

17,337

17,193

16,788

17,485

17,303

18,057

19,318

19,586

20,336

20,501

20,345

19,846

19,545

19,417

18,904

19,549

19,202

19,849

20,824

20,773

0

0

0

Payments for property, plant and equipment

2,377

2,286

2,492

2,716

3,064

3,395

3,569

3,605

3,359

3,229

3,246

3,166

3,351

3,567

3,503

3,683

3,678

3,579

3,617

3,705

3,748

3,740

3,857

3,806

3,758

3,623

3,559

3,521

3,859

4,082

4,130

4,182

4,043

4,108

4,212

4,660

4,429

4,185

4,359

3,729

3,606

3,447

0

0

0

Proceeds from disposition of property, plant and equipment

502

537

508

451

226

248

315

504

505

460

527

388

353

424

290

360

452

370

393

403

377

404

441

374

323

372

433

416

438

410

361

447

616

608

0

0

0

-

-

-

-

-

-

-

-

Investment in software

618

621

619

599

599

569

551

541

533

544

553

566

576

583

606

577

603

572

514

511

444

443

447

464

490

517

565

590

614

635

614

594

576

559

557

567

566

569

587

598

615

630

0

0

0

Acquisition of businesses, net of cash acquired

32,642

32,630

32,646

60

69

139

177

449

458

496

693

460

3,215

5,696

7,973

8,046

5,791

3,349

827

761

540

656

1,144

3,480

3,262

3,056

4,018

1,976

2,461

3,722

3,854

3,577

3,079

1,811

3,152

5,072

5,149

5,922

4,062

2,103

1,997

1,194

0

0

0

Divestiture of businesses, net of cash transferred

1,069

1,076

0

0

0

-

-

-

-

-205

-454

-460

-502

-454

122

-447

-373

-401

1,380

2,030

1,985

2,357

539

693

678

297

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

400

0

0

0

Non-operating finance receivables - net

6,507

6,720

5,216

2,903

-221

-503

-2,120

-2,422

-3,687

-2,028

-1,863

-1,415

-821

-891

-291

-396

-513

-398

-692

-359

-128

-1,078

-399

-780

-1,130

-1,063

-1,042

-958

-512

-608

-107

-82

-196

-291

-44

-210

-321

-405

-501

-389

-114

-184

0

0

0

Purchases of marketable securities and other investments

3,651

3,693

3,830

6,033

6,658

7,041

7,209

5,403

5,150

4,949

5,596

5,824

6,132

5,853

4,993

3,743

3,295

3,073

2,926

3,218

2,680

2,338

2,403

2,309

2,949

4,608

5,231

5,589

5,018

4,109

3,034

2,475

2,406

1,594

2,048

3,020

4,797

6,129

6,350

7,157

6,429

5,604

0

0

0

Proceeds from disposition of marketable securities and other investments

4,225

3,961

6,327

5,961

6,351

6,487

4,373

4,036

3,739

3,910

4,969

5,547

5,504

5,692

4,218

3,406

3,195

2,842

2,853

2,715

2,701

2,493

2,603

3,356

4,312

4,873

5,206

4,654

3,630

3,142

2,366

2,217

2,545

3,345

4,314

6,414

7,039

7,877

8,030

6,123

5,006

3,599

0

0

0

Net cash provided by/(used in) investing activities

-26,985

-26,936

-26,609

795

-4,002

-4,913

-9,178

-8,115

-9,148

-7,081

-6,910

-5,955

-8,739

-10,928

-12,734

-13,126

-10,605

-8,159

-3,950

-3,407

-2,476

-3,001

-4,668

-6,415

-6,279

-7,326

-8,515

-6,967

-7,786

-9,004

-8,417

-8,223

-7,124

-4,396

-4,973

-5,948

-7,310

-8,507

-6,920

-7,477

-7,380

-6,729

0

0

0

Proceeds from new debt

31,901

31,825

33,673

35,634

10,700

6,891

5,002

6,314

8,926

9,643

10,119

6,704

3,934

9,132

10,207

11,038

11,335

5,540

6,239

5,548

5,595

8,180

11,929

15,056

18,543

16,353

12,719

11,377

11,021

12,242

12,933

13,899

12,848

9,996

10,042

9,210

7,919

8,055

8,934

7,215

6,960

6,683

0

0

0

Payments to settle debt

16,461

12,944

13,178

8,748

7,006

8,533

4,810

8,364

8,580

6,816

7,031

5,076

5,715

6,395

5,849

4,584

5,009

5,622

6,925

6,299

5,961

4,644

5,381

7,945

10,663

10,013

12,298

10,356

9,558

9,549

8,313

9,429

8,256

8,947

7,025

6,365

5,679

6,522

7,857

12,199

12,399

13,495

0

0

0

Short-term borrowings/(repayments) less than 90 days - net

-2,032

-2,597

-1,175

637

950

1,341

1,790

1,990

1,912

620

96

-38

56

26

-1,843

-985

-33

101

-4,561

-5,567

-3,374

-1,753

3,435

4,988

2,825

621

2,810

1,419

307

-441

-972

-1,798

-2,921

1,321

-472

-273

1,279

817

905

2,256

841

-651

0

0

0

Common stock repurchases

-

1,361

3,411

3,912

4,586

4,443

3,059

3,382

3,824

4,340

4,544

4,452

3,856

3,502

3,395

4,081

4,383

4,609

3,978

4,154

6,678

13,679

19,344

19,542

19,432

13,859

11,069

12,138

11,573

11,995

12,569

13,027

14,016

15,046

15,066

15,275

15,403

15,375

14,838

12,114

9,681

7,429

0

0

0

Common stock repurchases for tax withholdings

255

272

209

180

179

171

188

189

196

193

164

161

149

126

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Financing - other

103

99

97

100

104

111

120

130

137

175

175

186

199

204

217

216

220

322

431

529

600

709

797

818

988

1,074

1,168

1,279

1,277

1,540

1,622

1,820

2,195

2,453

3,178

3,498

3,766

3,774

4,175

4,357

3,695

3,052

0

0

0

Cash dividends paid

5,750

5,707

5,685

5,680

5,681

5,666

5,637

5,601

5,567

5,506

5,448

5,390

5,327

5,256

5,188

5,121

5,059

4,897

4,725

4,545

4,363

4,265

4,201

4,148

4,100

4,058

3,990

3,921

3,851

3,773

3,696

3,621

3,548

3,473

3,401

3,326

3,254

3,177

3,096

3,004

2,903

2,860

0

0

0

Net cash provided by/(used in) financing activities

7,064

9,042

10,112

17,853

-5,697

-10,469

-6,783

-9,103

-7,193

-6,418

-6,797

-8,226

-10,857

-5,917

-6,214

-3,877

-3,205

-9,413

-13,517

-14,489

-14,181

-15,452

-12,766

-10,773

-11,840

-9,883

-10,661

-12,341

-12,376

-11,976

-10,995

-12,157

-13,698

-13,696

-12,746

-12,532

-11,375

-12,429

-11,775

-13,488

-13,485

-14,700

0

0

0

Effect of exchange rate changes on cash, cash equivalents and restricted cash

-468

-167

-448

-124

-697

-495

-337

46

937

937

669

382

-168

-51

-124

-123

193

-473

-402

-883

-1,109

-655

-415

153

154

28

36

-56

-404

-116

-319

-971

-452

-493

-382

451

72

-135

-178

-236

219

98

0

0

0

Net change in cash, cash equivalents and restricted cash

-5,901

-3,290

-1,506

34,574

5,010

-630

562

-973

1,966

4,161

1,932

1,718

-4,257

188

-442

1,623

5,559

-790

-81

-1,323

-614

-2,240

-511

158

-1,176

304

-1,838

-1,307

-1,251

-1,511

606

-850

-927

1,262

1,445

1,390

291

-1,522

328

-1,353

178

-558

0

0

0