IBM (IBM) Financials
$143.64
$131.9 B
Mkt cap, 25-May-2018$19.1 B
Revenue Q1, 2018Gross profit (Q1, 2018)8.2 B
Gross profit margin (Q1, 2018), %43.2%
Net income (Q1, 2018)1.7 B
Cash, 31-Mar-201811.9 B
EV166.3 B
Revenue/Financials
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 |
- Source: SEC Filings
Quarterly
| USD | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 22.5 b | 24.4 b | 22.4 b | 19.6 b | 20.8 b | 19.3 b | 18.7 b | 20.2 b | 19.2 b | 18.2 b | 19.3 b | 19.2 b | 19.1 b |
Cost of goods sold | 11.9 b | 12.4 b | 11.5 b | 10.1 b | 10.4 b | 9.8 b | 10 b | 10.5 b | 10.2 b | 10.4 b | 10.5 b | 10.4 b | 10.8 b |
Gross profit | 10.5 b | 12 b | 10.9 b | 9.5 b | 10.4 b | 9.4 b | 8.7 b | 9.7 b | 9 b | 7.8 b | 8.8 b | 8.8 b | 8.2 b |
Gross profit Margin, % | 47% | 49% | 49% | 48% | 50% | 49% | 46% | 48% | 47% | 43% | 46% | 46% | 43% |
R&D expense | 1.4 b | 1.4 b | 1.4 b | 1.3 b | 1.3 b | 1.3 b | 1.5 b | 1.5 b | 1.4 b | 1.5 b | 1.5 b | 1.3 b | 1.4 b |
General and administrative expense | 6.3 b | 5.6 b | 5.3 b | 5.4 b | 5.2 b | 4.7 b | 6 b | 5.3 b | 4.7 b | 5.2 b | 5.2 b | 4.6 b | 5.4 b |
Operating expense total | 7.7 b | 7 b | 6.6 b | 6.7 b | 6.5 b | 6 b | 7.5 b | 6.8 b | 6.1 b | 6.7 b | 6.6 b | 6 b | 6.9 b |
Interest expense | 105 m | 136 m | 126 m | 108 m | 115 m | 117 m | 147 m | 167 m | 158 m | 135 m | 147 m | 168 m | 165 m |
Pre tax profit | 3 b | 5.2 b | 4.4 b | 3 b | 4.2 b | 3.6 b | 1 b | 3 b | 3.3 b | 1.4 b | 2.4 b | 3.1 b | 1.1 b |
Income tax expense | 596 m | 1 b | 906 m | 585 m | 698 m | 659 m | (983 m) | 544 m | 409 m | (329 m) | 111 m | 339 m | (540 m) |
Net Income | 2.4 b | 4.1 b | 18 m | 2.3 b | 3.4 b | 3 b | 2 b | 2.5 b | 2.9 b | 1.8 b | 2.3 b | 2.7 b | 1.7 b |
- Source: SEC Filings
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 |
|---|---|---|---|---|---|---|---|---|---|---|
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
EPS | 2.4 | 3.5 | 3 | 2.1 | 2.6 | 3 | 1.9 | 2.5 | 2.9 | 1.8 |
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 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|
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 |
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 |
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 |
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) |
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) |
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) |
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) |
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) |
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 |
Ratios
| USD | Y, 2018 |
|---|---|
EV/CFO | 36.1 x |
Debt/Equity | 2.5 x |
Debt/Assets | 0.4 x |
Financial Leverage | 6.8 x |
P/E Ratio | 78.9 |
Report incorrect company information
