International business machines corporation (IBM)
Income statement / Quarterly
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'09Sep'08Jun'08
Revenue

17,571

21,776

18,028

19,161

18,182

21,760

18,756

20,003

19,072

22,542

19,153

19,289

18,155

21,771

19,226

20,238

18,684

22,058

19,280

20,813

19,590

24,113

22,397

24,047

22,236

26,697

23,338

24,924

23,408

27,671

24,747

25,783

24,673

29,486

26,157

26,666

24,607

29,018

24,271

23,724

22,857

27,231

23,566

23,250

21,711

25,302

26,820

Cost

9,649

10,677

9,692

10,151

10,139

11,073

9,953

10,804

10,825

11,492

10,172

10,321

10,211

10,655

10,213

10,536

9,999

10,652

9,844

10,423

10,138

11,252

11,523

12,003

11,608

12,253

11,908

12,792

12,730

12,440

13,016

13,502

13,555

14,763

13,984

14,282

13,749

14,792

13,270

12,915

12,880

14,086

12,938

12,669

12,280

14,342

15,221

Gross profit

7,922

11,099

8,336

9,010

8,043

10,687

8,803

9,199

8,247

11,050

8,981

8,968

7,944

11,115

9,013

9,702

8,686

11,406

9,436

10,390

9,452

12,862

10,874

12,044

10,627

14,445

11,429

12,132

10,678

15,230

11,732

12,281

11,118

14,722

12,173

12,385

10,858

14,228

11,001

10,809

9,976

13,146

10,627

10,581

9,431

10,959

11,599

Expense and other (income):
Selling, general and administrative

5,955

5,433

5,024

5,456

4,691

4,701

4,363

4,857

5,445

5,014

4,606

5,033

5,027

4,776

4,732

5,349

6,012

5,158

4,731

5,179

5,362

6,034

5,281

5,593

6,272

5,934

5,260

6,680

5,577

5,832

5,908

5,837

5,886

6,076

5,662

6,030

5,826

5,950

5,149

5,061

5,677

5,560

5,013

5,115

5,264

5,644

6,289

Research, development and engineering

1,625

1,596

1,553

1,407

1,433

1,358

1,252

1,364

1,405

1,379

1,291

1,436

1,484

1,406

1,397

1,465

1,458

1,362

1,287

1,300

1,298

1,320

1,354

1,361

1,402

1,195

1,356

1,548

1,644

1,094

1,534

1,587

1,601

1,556

1,546

1,569

1,587

1,578

1,464

1,475

1,509

1,460

1,446

1,434

1,480

1,579

1,660

Intellectual property and custom development income

116

159

166

222

101

184

275

250

317

348

308

365

445

521

528

365

217

193

188

128

173

199

145

191

207

201

191

247

183

227

303

289

255

253

298

295

262

318

278

297

261

1,453

294

-302

-268

-267

-285

Other (income) and expense

182

-117

-31

-747

-73

184

275

280

413

374

159

273

319

311

-8

37

253

-147

-133

-301

-143

-1,506

-103

-202

-127

-119

-63

-91

-60

-47

-606

-132

-58

-43

128

97

-202

-41

-106

-95

-545

-24

5

-28

-304

-51

-24

Interest expense

326

354

432

348

210

194

191

173

165

165

168

147

135

158

158

167

147

128

117

115

108

117

126

136

105

113

97

98

94

108

124

117

110

114

107

97

93

101

95

90

82

81

84

101

136

159

145

Total expense and other (income)

7,972

7,107

6,813

6,242

6,160

6,253

5,807

6,423

7,111

6,580

5,917

6,525

6,521

6,130

5,751

6,653

7,652

6,309

5,815

6,165

6,451

5,768

6,513

6,696

7,444

6,922

6,458

7,988

7,072

6,761

6,657

7,120

7,283

7,448

7,146

7,500

7,041

7,271

6,324

6,234

6,462

6,764

6,255

6,319

6,309

7,064

7,786

Income/(loss) from continuing operations before income taxes

-49

3,993

1,522

2,768

1,883

4,434

2,996

2,776

1,136

4,468

3,065

2,443

1,424

4,984

3,263

3,049

1,034

5,099

3,621

4,224

3,001

7,094

4,361

5,348

3,183

7,522

4,972

4,144

3,606

8,469

5,074

5,161

3,836

7,274

5,027

4,885

3,817

6,956

4,677

4,575

3,515

6,381

4,373

4,262

3,122

3,895

3,814

Provision for/(benefit from) income taxes

-1,226

324

-151

269

289

2,482

304

373

-540

5,521

339

111

-329

479

409

544

-983

639

659

698

585

1,579

906

1,096

653

1,039

832

918

574

2,241

1,251

1,280

769

1,785

1,188

1,221

954

1,698

1,088

1,190

914

1,568

1,159

1,159

827

1,071

1,049

Income from continuing operations

1,176

3,670

1,673

2,499

1,593

1,954

2,692

2,402

1,675

-1,053

2,726

2,332

1,753

4,506

2,854

2,505

2,016

4,461

2,962

3,526

2,415

5,515

3,455

4,251

2,530

-

4,139

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income/(loss) from discontinued operations, net of tax

-1

0

-1

-1

-2

-2

2

1

4

-1

0

-1

-3

-5

-1

0

-3

3

-12

-77

-88

-31

-3,437

-115

-146

-

-98

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income

1,175

3,670

1,672

2,498

1,591

1,951

2,694

2,404

1,679

-1,054

2,726

2,331

1,750

4,501

2,853

2,504

2,014

4,463

2,950

3,449

2,328

5,483

18

4,137

2,384

6,184

4,041

3,226

3,032

5,833

3,824

3,881

3,066

5,489

3,839

3,664

2,863

5,257

3,589

3,386

2,601

4,813

3,214

3,103

2,295

2,824

2,765

Earnings/(loss) per share of common stock:
Continuing operations (in dollars per share)

1.31

4.11

1.87

2.81

1.78

2.15

2.94

2.61

1.81

-1.11

2.92

2.48

1.85

4.71

2.98

2.61

2.09

4.56

3.02

3.58

2.44

5.47

3.46

4.23

2.43

-

3.77

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Discontinued operations (in dollars per share)

0.00

-0.01

0.00

0.00

0.00

0.01

0.00

0.00

0.00

0.00

0.00

0.00

0.00

-0.01

0.00

0.00

0.00

0.00

-0.01

-0.08

-0.09

0.00

-3.44

-0.11

-0.14

-

-0.09

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total (in dollars per share)

1.31

4.10

1.87

2.81

1.78

2.16

2.94

2.61

1.81

-1.11

2.92

2.48

1.85

4.70

2.98

2.61

2.09

4.56

3.01

3.50

2.35

5.47

0.02

4.12

2.29

5.65

3.68

2.91

2.70

5.09

3.33

3.34

2.61

4.56

3.19

3.00

2.31

4.12

2.82

2.61

1.97

3.59

2.40

2.32

1.70

2.04

1.97

Basic:
Continuing operations (in dollars per share)

1.32

4.13

1.89

2.82

1.79

2.16

2.95

2.63

1.82

-1.11

2.93

2.49

1.86

4.74

2.99

2.62

2.09

4.58

3.04

3.59

2.45

5.51

3.48

4.25

2.44

-

3.79

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Discontinued operations (in dollars per share)

0.00

0.00

0.00

0.00

0.00

0.01

0.00

0.00

0.00

0.00

0.00

0.00

0.00

-0.01

0.00

0.00

0.00

0.00

-0.01

-0.08

-0.09

0.00

-3.46

-0.11

-0.14

-

-0.09

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total (in dollars per share)

1.32

4.13

1.89

2.82

1.79

2.17

2.95

2.63

1.82

-1.11

2.93

2.49

1.86

4.73

2.99

2.62

2.09

4.58

3.03

3.51

2.36

5.51

0.02

4.14

2.30

5.71

3.70

2.93

2.72

5.14

3.36

3.38

2.65

4.64

3.23

3.04

2.34

4.18

2.86

2.65

2.00

3.63

2.44

2.34

1.71

2.08

2.01

Weighted-average number of common shares outstanding:
Assuming dilution (in shares)

895

893

892

890

893

905

915

919

925

928

933

939

947

952

957

960

964

972

979

986

992

995

997

1,005

1,041

1,079

1,098

1,109

1,124

1,136

1,149

1,161

1,174

1,188

1,204

1,221

1,240

1,258

1,272

1,296

1,321

1,340

1,338

1,336

1,349

1,384

1,402

Basic (in shares)

887

887

886

886

889

901

911

915

920

924

929

934

942

948

953

957

961

969

975

982

988

990

991

999

1,035

1,072

1,090

1,100

1,113

1,124

1,137

1,149

1,159

1,172

1,188

1,204

1,222

1,240

1,255

1,278

1,301

1,318

1,319

1,326

1,344

1,359

1,376

Cash dividend per common share

-

-

-

-

-

-

-

-

-

-

1.50

1.50

1.40

-

1.40

1.40

1.30

-

1.30

1.30

1.10

-

1.10

1.10

0.95

-

0.95

0.95

0.85

-

0.85

0.85

0.75

-

0.75

0.75

0.65

-

0.65

0.65

0.55

-

0.55

0.55

0.50

0.50

0.50

Services
Revenue

11,373

11,523

11,703

12,352

11,915

11,367

12,043

12,886

12,961

11,060

12,703

12,547

12,342

12,921

12,938

13,018

12,391

12,621

12,327

12,597

12,366

13,694

13,869

14,128

13,982

14,844

14,225

14,312

14,274

15,174

14,626

14,833

14,820

15,480

15,299

15,246

14,696

15,060

14,179

13,824

13,805

14,665

13,806

13,479

13,178

14,773

15,203

Cost

7,843

8,107

7,840

8,272

8,272

8,256

7,951

8,645

8,835

8,365

8,265

8,368

8,401

8,301

8,418

8,691

8,382

8,350

8,067

8,431

8,278

8,934

8,868

9,131

9,101

9,614

9,098

9,326

9,526

9,881

9,515

9,785

9,985

10,171

10,138

10,315

10,116

10,162

9,509

9,328

9,384

9,705

9,233

9,145

9,063

10,230

10,709

Sales
Revenue

5,895

9,951

5,981

6,458

5,862

9,990

6,324

6,721

5,700

11,027

6,017

6,324

5,404

8,399

5,872

6,792

5,879

8,976

6,501

7,733

6,757

9,883

8,034

9,410

7,736

11,314

8,604

10,119

8,629

11,957

9,642

10,426

9,356

13,451

10,331

10,894

9,387

13,323

9,556

9,349

8,508

11,937

9,216

9,198

7,949

9,892

10,976

Cost

1,624

2,374

1,635

1,651

1,603

2,530

1,714

1,869

1,722

2,809

1,584

1,664

1,530

2,070

1,536

1,582

1,378

2,025

1,544

1,726

1,625

2,042

2,398

2,643

2,229

2,334

2,542

3,202

2,931

2,258

3,242

3,435

3,325

4,315

3,570

3,698

3,390

4,325

3,512

3,313

3,224

4,079

3,404

3,221

2,902

3,789

4,225

Financing
Revenue

302

304

343

351

404

404

389

396

410

455

433

418

409

450

417

429

414

461

452

484

467

537

494

509

517

540

509

493

505

541

479

523

497

555

527

526

524

636

536

550

545

629

544

574

584

636

642

Cost

181

195

217

228

264

286

287

290

269

320

322

289

279

284

259

263

238

277

233

266

235

275

257

230

278

305

268

264

273

303

258

282

244

277

276

269

243

305

249

273

273

300

301

303

316

324

286