IBM market cap is $105.1 b, and annual revenue was $77.15 b in FY 2019

IBM Gross profit (Q1, 2020)7.9 B

IBM Gross profit margin (Q1, 2020), %45.1%

IBM Net income (Q1, 2020)1.2 B

IBM EBIT (Q1, 2020)1.2 B

IBM Cash, 31-Mar-202011.2 B

IBM EV163.4 B

IBM revenue was $77.15 b in FY, 2019 which is a 3.1% year over year decrease from the previous period.

IBM revenue breakdown by business segment: 34.6% from Global Technology Services, 31.6% from Cloud and Cognitive Software, 10.1% from Systems, 20.5% from Global Business Services and 3.2% from Other

IBM revenue breakdown by geographic segment: 51.9% from Other Countries, 36.8% from United States and 11.3% from Japan

USD | FY, 2016 | FY, 2017 | FY, 2018 | FY, 2019 |
---|---|---|---|---|

## Revenue | 79.9b | 79.1b | 79.6b | 77.1b |

| (2%) | (1%) | 1% | (3%) |

## Cost of goods sold | 41.6b | 42.9b | 42.7b | 40.7b |

## Gross profit | 38.3b | 36.2b | 36.9b | 36.5b |

| 48% | 46% | 46% | 47% |

## R&D expense | 5.8b | 5.8b | 5.4b | 6.0b |

## General and administrative expense | 21.1b | 20.1b | 19.4b | 20.6b |

## Operating expense total | 26.8b | 25.9b | 24.7b | 27.1b |

## Interest expense | 630.0m | 615.0m | 723.0m | 1.3b |

## Pre tax profit | 12.3b | 11.4b | 11.3b | 10.2b |

## Income tax expense | 449.0m | 5.6b | 2.6b | 731.0m |

## Net Income | 11.9b | 5.8b | 8.7b | 9.4b |

## EPS | 12.4 | 6.1 | 9.5 | 10.6 |

USD | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 |
---|---|---|---|---|---|---|---|---|---|---|

## Revenue | 18.2b | 19.3b | 19.2b | 19.1b | 20.0b | 18.8b | 18.2b | 19.2b | 18.0b | 17.6b |

## Cost of goods sold | 10.4b | 10.5b | 10.4b | 10.8b | 10.8b | 10.0b | 10.1b | 10.2b | 9.7b | 9.6b |

## Gross profit | 7.8b | 8.8b | 8.8b | 8.2b | 9.2b | 8.8b | 8.0b | 9.0b | 8.3b | 7.9b |

| 43% | 46% | 46% | 43% | 46% | 47% | 44% | 47% | 46% | 45% |

## R&D expense | 1.5b | 1.5b | 1.3b | 1.4b | 1.4b | 1.3b | 1.4b | 1.4b | 1.6b | 1.6b |

## General and administrative expense | 5.2b | 5.2b | 4.6b | 5.4b | 4.9b | 4.4b | 4.7b | 5.5b | 5.0b | 6.0b |

## Operating expense total | 6.7b | 6.6b | 6.0b | 6.9b | 6.2b | 5.8b | 6.1b | 6.9b | 6.6b | 6.7b |

## EBIT | 1.2b | |||||||||

| 7% | |||||||||

## Interest expense | 135.0m | 147.0m | 168.0m | 165.0m | 173.0m | 191.0m | 210.0m | 348.0m | 432.0m | 326.0m |

## Pre tax profit | 1.4b | 2.4b | 3.1b | 1.1b | 2.8b | 3.0b | 1.9b | 2.8b | 1.5b | (49.0m) |

## Income tax expense | (329.0m) | 111.0m | 339.0m | (540.0m) | 373.0m | 304.0m | 289.0m | 269.0m | (151.0m) | (1.2b) |

## Net Income | 1.8b | 2.3b | 2.7b | 1.7b | 2.4b | 2.7b | 1.6b | 2.5b | 1.7b | 1.2b |

USD | FY, 2016 | FY, 2017 | FY, 2018 | FY, 2019 |
---|---|---|---|---|

## Cash | 7.8b | 12.0b | 11.4b | 8.2b |

## Accounts Receivable | 9.2b | 8.9b | 7.4b | 7.9b |

## Prepaid Expenses | 4.6b | 3.9b | 2.4b | 2.1b |

## Inventories | 1.6b | 1.6b | 1.7b | 1.6b |

## Current Assets | 43.9b | 49.7b | 49.1b | 38.4b |

## PP&E | 10.8b | 11.1b | 10.8b | 10.0b |

## Goodwill | 36.2b | 36.8b | 36.3b | 58.2b |

## Total Assets | 117.5b | 125.4b | 123.4b | 152.2b |

## Accounts Payable | 6.2b | 6.5b | 6.6b | 4.9b |

## Short-term debt | 7.5b | 7.0b | 10.2b | 10.2b |

## Current Liabilities | 36.3b | 37.4b | 38.2b | 37.7b |

## Long-term debt | 34.7b | 39.8b | 35.6b | 58.0b |

## Non-Current Liabilities | 62.8b | 70.3b | 68.2b | 93.5b |

## Total Debt | 42.2b | 46.8b | 45.8b | 68.2b |

## Total Liabilities | 99.1b | 107.6b | 106.5b | 131.2b |

## Common Stock | 53.9b | 54.6b | 55.2b | 55.9b |

## Retained Earnings | 152.8b | 153.1b | 159.2b | 163.0b |

## Total Equity | 18.4b | 17.6b | 16.9b | 21.0b |

## Debt to Equity Ratio | 2.3 x | 2.7 x | 2.7 x | 3.2 x |

## Debt to Assets Ratio | 0.4 x | 0.4 x | 0.4 x | 0.4 x |

## Financial Leverage | 6.4 x | 7.1 x | 7.3 x | 7.3 x |

USD | FY, 2016 | FY, 2017 | FY, 2018 | FY, 2019 |
---|---|---|---|---|

## Net Income | 11.9b | 5.8b | 8.7b | 9.4b |

## Depreciation and Amortization | 4.4b | 4.5b | 4.5b | 6.1b |

## Accounts Receivable | 712.0m | 1.3b | 1.0b | 502.0m |

## Inventories | (14.0m) | 18.0m | (127.0m) | 67.0m |

## Accounts Payable | 197.0m | 47.0m | 126.0m | (503.0m) |

## Cash From Operating Activities | 17.0b | 16.7b | 15.2b | 14.8b |

## Purchases of PP&E | (3.6b) | (3.2b) | (3.4b) | (2.3b) |

## Cash From Investing Activities | (11.0b) | (7.1b) | (4.9b) | (26.9b) |

## Short-term Borrowings | 26.0m | 620.0m | 1.3b | (2.6b) |

## Long-term Borrowings | (6.4b) | (6.8b) | (8.5b) | (12.9b) |

## Dividends Paid | (5.3b) | (5.5b) | (5.7b) | (5.7b) |

## Cash From Financing Activities | (5.8b) | (6.4b) | (10.5b) | 9.0b |

## Net Change in Cash | 140.0m | 4.1b | (630.0m) | (3.3b) |

## Interest Paid | 1.2b | 1.2b | 1.4b | 1.7b |

## Income Taxes Paid | 1.1b | 1.6b | 1.7b | 2.1b |

USD | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 |
---|---|---|---|---|---|---|---|---|---|---|

## Net Income | 1.8b | 4.1b | 6.8b | 1.7b | 4.1b | 6.8b | 1.6b | 4.1b | 5.8b | 1.2b |

## Depreciation and Amortization | 1.1b | 2.2b | 3.4b | 1.1b | 2.2b | 3.4b | 1.4b | 2.7b | 4.4b | 1.6b |

## Cash From Operating Activities | 4.0b | 7.4b | 11.0b | 4.6b | 6.9b | 11.1b | 4.8b | 7.7b | 11.3b | 4.5b |

## Purchases of PP&E | (740.0m) | (1.4b) | (2.3b) | (870.0m) | (1.8b) | (2.6b) | (539.0m) | (1.1b) | (1.7b) | (630.0m) |

## Cash From Investing Activities | 350.0m | (1.4b) | (3.3b) | (1.8b) | (2.4b) | (5.4b) | (853.0m) | 3.3b | (27.1b) | (902.0m) |

## Short-term Borrowings | (880.0m) | (973.0m) | (794.0m) | 412.0m | 397.0m | 376.0m | 21.0m | (307.0m) | (21.4b) | |

## Long-term Borrowings | (1.5b) | (2.1b) | (6.3b) | (3.3b) | (3.7b) | (4.2b) | (1.8b) | (3.9b) | (8.9b) | (5.3b) |

## Dividends Paid | (1.3b) | (2.7b) | (4.1b) | (1.4b) | (2.8b) | (4.2b) | (1.4b) | (2.8b) | (4.3b) | (1.4b) |

## Cash From Financing Activities | (2.1b) | (2.7b) | (5.5b) | (2.9b) | (5.4b) | (5.9b) | 1.9b | 22.9b | 14.7b | (115.0m) |

## Net Change in Cash | 2.3b | 3.9b | 3.1b | 28.0m | (1.3b) | (503.0m) | 5.7b | 33.9b | (1.4b) | 3.1b |

USD | Y, 2020 |
---|---|

## EV/EBIT | 138.9 x |

## EV/CFO | 36.5 x |

## Financial Leverage | 7.6 x |

IBM's Backlog was reported to be $112.4b in FY, 2019.

FY, 2014 | FY, 2015 | FY, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q4, 2017 | FY, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q4, 2018 | FY, 2018 | Q1, 2019 | Q2, 2019 | Sep, 2019 | Q3, 2019 | Q4, 2019 | FY, 2019 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|

## Patents Issued Yearly | 7.53 k | 7.36 k | 8.09 k | 9.04 k | 9.10 k | 9.26 k | |||||||||||||

## Data Centers | 46 | 46 | 50 | 58 | |||||||||||||||

## Countries | 175 | 175 | 175 | 175 | 175 | 175 | |||||||||||||

## Electronic Health Records (Watson Health Cloud ) | 100 m | ||||||||||||||||||

## Claims Records (Watson Health Cloud) | 200 m | ||||||||||||||||||

## Images (Watson Health Cloud) | 30 b | ||||||||||||||||||

## $100m+ Enterprise Customers (Services) | 47 | ||||||||||||||||||

## Active Networks Transforming (IBM Blockchain ) | 85 | ||||||||||||||||||

## Backlog | $128.40 b | $120.70 b | $118.70 b | $116.40 b | $118.30 b | $119.30 b | $121 b | $121 b | $121.30 b | $116.50 b | $112.80 b | $116 b | $116.10 b | $111.60 b | $111.20 b | $107.60 b | $112.40 b | $112.40 b | |

## Countries (IBM Security) | 130 | ||||||||||||||||||

## Data (IBM X-Force Exchange), terabytes | 700 | ||||||||||||||||||

## Enterprise Customers (IBM Security) | 12 k | 17 k | |||||||||||||||||

## Enterprise Customers (IBM Watson IoT) | 6 k | ||||||||||||||||||

## Enterprise Customers (Watson) | 1 k | 20 k | |||||||||||||||||

## Enterprise Customers Projects (IBM Blockchain ) | 400 | 500 | |||||||||||||||||

## GitHub Commits (Cloud Kubernetes Service) | 122 | ||||||||||||||||||

## GitHub Contributions (Cloud Kubernetes Service) | 155 | ||||||||||||||||||

## GitHub Forks (Cloud Kubernetes Service) | 184 | ||||||||||||||||||

## GitHub Stars (Cloud Kubernetes Service) | 13 | ||||||||||||||||||

## Industries (Watson) | 20 | ||||||||||||||||||

## Industries (z14) | 27 | ||||||||||||||||||

## Managed Cybersecurity Events per Day | 35 b | 60 b | 70 b | ||||||||||||||||

## Managed Production Clusters (IBM Cloud Kubernetes Service) | 14 k | ||||||||||||||||||

## New Contract (IBM Cloud) | 16 | ||||||||||||||||||

## New Enterprise Customers (z14) | 14 | ||||||||||||||||||

## Patents Issued Yearly (AI) | 1.60 k | ||||||||||||||||||

## Patents Issued Yearly (Cybersecurity) | 1.40 k | ||||||||||||||||||

## Patents Issued Yearly(Cloud-Technology) | 1.90 k | ||||||||||||||||||

## Patents to Date | 97.04 k | ||||||||||||||||||

## Quantum Experiments(IBM Q Experience) | 2.50 m | ||||||||||||||||||

## Signings | $44.65 b | $7.91 b | $10.89 b | $10.39 b | $13.70 b | $42.87 b | $9.31 b | $11.53 b | $8.03 b | $15.80 b | $44.70 b | $7.64 b | $9.70 b | $9.07 b | $14.40 b | $40.74 b | |||

## Transactions (IBM Z) | 8 t | ||||||||||||||||||

## Transactions per Day (IBM Z) | 12.50 b | 30 b | |||||||||||||||||

## Users (IBM Q Experience) | 75 k | 75 k | |||||||||||||||||

## Users (Watson Health) | 100 k |

- Source: VentureBeat, Company Filings

FY, 2018 | |
---|---|

## Сorporate Сontributions (Other) | $9.80 m |

## Сorporate Сontributions (North America) | $139.10 m |

## Сorporate Сontributions (Latin America) | $35.80 m |

## Сorporate Сontributions (Human Services) | $16.60 m |

## Сorporate Сontributions (Health) | $11.10 m |

## Сorporate Сontributions (Europe, Middle East, Africa) | $140.10 m |

## Сorporate Сontributions (Environment) | $3.20 m |

## Сorporate Сontributions (Education) | $349.60 m |

## Сorporate Сontributions (Culture) | $2.50 m |

## Сorporate Сontributions (Asia Pacific) | $77.80 m |

## Сorporate Сontributions | $393 m |

## Volunteer Hours | 1.30 m |

## Total Greenhouse Gas Emissions | 1.38 m metric tons of carbon dioxide equivalent |

## Nonhazardous Waste Recycled | 89.5% |

## Nonhazardous Waste Generated | 34.50 k metric tons |

## Hazardous Waste Generated | 1.76 k metric tons |

## Energy Used (Fuel and Other) | 657 k MWh |

## Energy Used (Electricity) | 4.01 m MWh |

## End-of-life Products Sent to Landfills | 0.7% |

## Electricity Used from Renewable Energy Sources, percent | 37.9% |

## Diversion Rate | 96% |

## Cumulative Savings | 53 k metric tons of carbon dioxide equivalent |

## Annual Energy Savings | 151 k MWh |