$148.56
$135.6 B
IBM Mkt cap, 18-Sep-2018$20 B
IBM Revenue Q2, 2018IBM Gross profit (Q2, 2018)9.2 B
IBM Gross profit margin (Q2, 2018), %46%
IBM Net income (Q2, 2018)2.4 B
IBM Cash, 30-Jun-201810.7 B
IBM EV170.4 B
IBM Revenue
IBM revenue was $79.14 b in FY, 2017 which is a 1% year over year decrease from the previous period.
IBM Revenue Breakdown
IBM revenue breakdown by business segment: 10.5% from Systems, 41.2% from Technology Services & Cloud, 19.7% from Global Business Services , 24.9% from Cognitive Solutions and 3.7% from Other
IBM revenue breakdown by geographic segment: 14.1% from Asia Pacific, 20.3% from Europe/Middle East/Africa and 65.6% from Americas
IBM Income Statement
Annual
| USD | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 |
|---|---|---|---|---|
Revenue | 92.8 b | 81.7 b | 79.9 b | 79.1 b |
Revenue growth, % | (7%) | (12%) | (2%) | (1%) |
Cost of goods sold | 46.4 b | 41.1 b | 41.6 b | 42.9 b |
Gross profit | 46.4 b | 40.7 b | 38.3 b | 36.2 b |
Gross profit Margin, % | 50% | 50% | 48% | 46% |
R&D expense | 5.4 b | 5.2 b | 5.8 b | 5.8 b |
General and administrative expense | 23.2 b | 20.4 b | 21.1 b | 20.1 b |
Operating expense total | 28.6 b | 25.7 b | 26.8 b | 25.9 b |
Interest expense | 484 m | 468 m | 630 m | 615 m |
Pre tax profit | 20 b | 15.9 b | 12.3 b | 11.4 b |
Income tax expense | 4.2 b | 2.6 b | 449 m | 5.6 b |
Net Income | 12 b | 13.2 b | 11.9 b | 5.8 b |
Quarterly
IBM Balance Sheet
Annual
| USD | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 |
|---|---|---|---|---|
Cash | 8.5 b | 7.7 b | 7.8 b | 12 b |
Accounts Receivable | 9.1 b | 8.3 b | 9.2 b | 8.9 b |
Prepaid Expenses | 5 b | 4.2 b | 4.6 b | 3.9 b |
Inventories | 2.1 b | 1.6 b | 1.6 b | 1.6 b |
Current Assets | 49.4 b | 42.5 b | 43.9 b | 49.7 b |
PP&E | 10.8 b | 10.7 b | 10.8 b | 11.1 b |
Goodwill | 30.6 b | 32 b | 36.2 b | 36.8 b |
Total Assets | 117.5 b | 110.5 b | 117.5 b | 125.4 b |
Accounts Payable | 6.9 b | 6 b | 6.2 b | 6.5 b |
Short-term debt | 5.7 b | 6.5 b | 7.5 b | 7 b |
Current Liabilities | 39.6 b | 34.3 b | 36.3 b | 37.4 b |
Long-term debt | 35.1 b | 33.4 b | 34.7 b | 39.8 b |
Non-Current Liabilities | 65.9 b | 61.8 b | 62.8 b | 70.3 b |
Total Debt | 40.8 b | 39.9 b | 42.2 b | 46.8 b |
Total Liabilities | 105.5 b | 96.1 b | 99.1 b | 107.6 b |
Common Stock | 52.7 b | 53.3 b | 53.9 b | 54.6 b |
Retained Earnings | 137.8 b | 146.1 b | 152.8 b | 153.1 b |
Total Equity | 12 b | 14.4 b | 18.4 b | 17.6 b |
EPS | 11.9 | 13.4 | 12.4 | 6.1 |
Debt to Equity Ratio | 3.4 x | 2.8 x | 2.3 x | 2.7 x |
Debt to Assets Ratio | 0.3 x | 0.4 x | 0.4 x | 0.4 x |
Financial Leverage | 9.8 x | 7.7 x | 6.4 x | 7.1 x |
Quarterly
| USD | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Cash | 8.8 b | 8.4 b | 9.5 b | 14.4 b | 10 b | 9 b | 10.1 b | 11.7 b | 10.9 b | 11.9 b | 10.7 b |
Accounts Receivable | 8.8 b | 8.6 b | 8 b | 8.5 b | 8.8 b | 8.3 b | 8.4 b | 8.4 b | 8.2 b | 7.8 b | 7.4 b |
Prepaid Expenses | 5.9 b | 4.5 b | 4.2 b | 4.3 b | 4.7 b | 4.5 b | 4.7 b | 4.2 b | 4.4 b | 2.6 b | 2.4 b |
Inventories | 2 b | 1.9 b | 1.6 b | 1.7 b | 1.7 b | 1.7 b | 1.6 b | 1.6 b | 1.7 b | 1.8 b | 1.7 b |
Current Assets | 46.3 b | 45.2 b | 42.1 b | 47.6 b | 43.5 b | 41.4 b | 42.9 b | 45 b | 44.7 b | 49.1 b | 46.8 b |
PP&E | 10.5 b | 4.5 b | 10.7 b | 10.9 b | 11.1 b | 11.1 b | 10.9 b | 10.9 b | 11.1 b | 11.3 b | 11 b |
Goodwill | 29.9 b | 30.5 b | 30.3 b | 34.3 b | 36.4 b | 36.4 b | 36.3 b | 36.5 b | 36.8 b | 36.7 b | 36.5 b |
Total Assets | 112 b | 112.7 b | 108.6 b | 118.9 b | 118.1 b | 115.6 b | 117.5 b | 120.5 b | 121.6 b | 125.3 b | 121.6 b |
Accounts Payable | 6.3 b | 5.9 b | 5.2 b | 5.3 b | 5.5 b | 5.3 b | 5.3 b | 5.1 b | 5.4 b | 5.7 b | 5.5 b |
Short-term debt | 4.5 b | 5.3 b | 7.5 b | 5.3 b | 4.9 b | 6.9 b | 8.3 b | 8.1 b | 4.3 b | 6 b | 7.6 b |
Current Liabilities | 35.6 b | 35.5 b | 33.7 b | 34.7 b | 33.6 b | 34.4 b | 36.5 b | 36 b | 31.7 b | 35.7 b | 35.4 b |
Long-term debt | 34.3 b | 33.3 b | 32.1 b | 40.3 b | 39.6 b | 35.6 b | 34.4 b | 37.6 b | 41.3 b | 40.4 b | 37.9 b |
Non-Current Liabilities | 64.1 b | 63.4 b | 61.5 b | 69.1 b | 68.6 b | 64 b | 62.6 b | 66 b | 70.2 b | 71.3 b | 67.5 b |
Total Debt | 38.8 b | 38.7 b | 39.7 b | 45.6 b | 44.5 b | 42.5 b | 42.8 b | 45.7 b | 45.6 b | 46.4 b | 45.5 b |
Total Liabilities | 99.7 b | 98.9 b | 95.2 b | 103.8 b | 102.2 b | 98.4 b | 99 b | 102 b | 101.9 b | 107 b | 103 b |
Common Stock | 52.9 b | 53.1 b | 53.2 b | 53.4 b | 53.6 b | 53.8 b | 54.1 b | 54.2 b | 54.4 b | 54.7 b | 54.8 b |
Retained Earnings | 139 b | 141.2 b | 142.9 b | 146.9 b | 148.1 b | 149.6 b | 153.3 b | 154.2 b | 155.6 b | 156.4 b | 157.3 b |
Total Equity | 12.3 b | 13.8 b | 13.5 b | 15.1 b | 15.9 b | 17.2 b | 18.4 b | 18.5 b | 19.8 b | 18.3 b | 18.6 b |
EPS | 2.4 | 3.5 | 3 | 2.1 | 2.6 | 3 | 1.9 | 2.5 | 2.9 | 1.8 | 2.6 |
Debt to Equity Ratio | 3.2 x | 2.8 x | 2.9 x | 3 x | 2.8 x | 2.5 x | 2.3 x | 2.5 x | 2.3 x | 2.5 x | |
Debt to Assets Ratio | 0.3 x | 0.3 x | 0.4 x | 0.4 x | 0.4 x | 0.4 x | 0.4 x | 0.4 x | 0.4 x | 0.4 x | |
Financial Leverage | 9.1 x | 8.1 x | 8.1 x | 7.9 x | 7.4 x | 6.7 x | 6.4 x | 6.5 x | 6.2 x | 6.8 x | 6.5 x |
IBM Cash Flow
Annual
| USD | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 |
|---|---|---|---|---|
Net Income | 12 b | 13.2 b | 11.9 b | 5.8 b |
Depreciation and Amortization | 4.5 b | 3.9 b | 4.4 b | 4.5 b |
Accounts Receivable | 812 m | 712 m | 1.3 b | |
Inventories | (39 m) | 133 m | (14 m) | 18 m |
Accounts Payable | (456 m) | 81 m | 197 m | 47 m |
Cash From Operating Activities | 16.9 b | 17 b | 17 b | 16.7 b |
Purchases of PP&E | (3.7 b) | (3.6 b) | (3.6 b) | (3.2 b) |
Cash From Investing Activities | (3 b) | (8.2 b) | (11 b) | (7.1 b) |
Long-term Borrowings | (4.6 b) | (5.6 b) | (6.4 b) | (6.8 b) |
Dividends Paid | (4.3 b) | (4.9 b) | (5.3 b) | (5.5 b) |
Cash From Financing Activities | (15.5 b) | (9.2 b) | (5.8 b) | (6.4 b) |
Net Change in Cash | (2.2 b) | (790 m) | 140 m | 4.1 b |
Interest Paid | 1.1 b | 995 m | 1.2 b | 1.2 b |
Income Taxes Paid | 5.7 b | 2.7 b | 1.1 b | 1.6 b |
Quarterly
| USD | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Net Income | 2.3 b | 5.8 b | 8.7 b | 2 b | 4.5 b | 7.4 b | 1.8 b | 4.1 b | 6.8 b | 1.7 b | 4.1 b |
Depreciation and Amortization | 968 m | 1.9 b | 2.9 b | 1 b | 2.1 b | 3.3 b | 1.1 b | 2.2 b | 3.4 b | 1.1 b | 2.2 b |
Cash From Operating Activities | 3.6 b | 7.5 b | 11.7 b | 5.6 b | 9.1 b | 13.3 b | 4 b | 7.4 b | 11 b | 4.6 b | 6.9 b |
Purchases of PP&E | (857 m) | (1.7 b) | (2.7 b) | (956 m) | (1.8 b) | (2.6 b) | (740 m) | (1.4 b) | (2.3 b) | (870 m) | (1.8 b) |
Cash From Investing Activities | 560 m | (1.4 b) | (2.7 b) | (2 b) | (6.6 b) | (7.6 b) | 350 m | (1.4 b) | (3.3 b) | (1.8 b) | (2.4 b) |
Long-term Borrowings | (2.8 b) | (4.5 b) | (5.4 b) | (2.2 b) | (3.4 b) | (5.6 b) | (1.5 b) | (2.1 b) | (6.3 b) | (3.3 b) | (3.7 b) |
Dividends Paid | (1.1 b) | (2.4 b) | (3.6 b) | (1.3 b) | (2.6 b) | (3.9 b) | (1.3 b) | (2.7 b) | (4.1 b) | (1.4 b) | (2.8 b) |
Cash From Financing Activities | (3.4 b) | (6 b) | (7.8 b) | 2.8 b | (322 m) | (4.5 b) | (2.1 b) | (2.7 b) | (5.5 b) | (2.9 b) | (5.4 b) |
Net Change in Cash | 319 m | (83 m) | 1 b | 6.7 b | 2.3 b | 1.4 b | 2.3 b | 3.9 b | 3.1 b | 28 m | (1.3 b) |
IBM Ratios
| USD | Y, 2018 |
|---|---|
EV/CFO | 24.7 x |
Financial Leverage | 6.5 x |
P/E Ratio | 56.9 |
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