IBM Financial Statements

Balance sheet, income statement, cash flow, and dividends for International Business Machines Corp (IBM).


$203.26B Market Cap.

As of 02/25/2025 5:00 PM ET (MRY) • Disclaimer

IBM Market Cap. (MRY)


IBM Shares Outstanding (MRY)


IBM Assets (MRY)


Total Assets

$137.18B

Total Liabilities

$109.78B

Total Investments

$14.04B

IBM Income (MRY)


Revenue

$62.75B

Net Income

$6.02B

Operating Expense

$28.04B

IBM Cash Flow (MRY)


CF Operations

$13.45B

CF Investing

-$4.94B

CF Financing

-$7.08B

IBM Dividends (MRY)


Period

Dividends

Yield %

Growth %

Payout Ratio

Coverage Ratio

2024

$6.67

3.00%

0.60%

101.99%

0.98

2023

$6.63

4.10%

0.61%

80.46%

1.24

2022

$6.59

4.70%

0.61%

364.09%

0.27

2021

$6.55

4.90%

0.61%

102.18%

0.98

2020

$6.51

5.20%

-

103.66%

0.96

IBM Balance Sheet (MRY)


Metric

2024

2023

2022

2021

Total Assets

$137,175,000,000 (1.43%)

$135,241,000,000 (6.29%)

$127,243,000,000 (-3.60%)

$132,001,000,000 (-15.37%)

Assets Current

$34,482,000,000 (4.78%)

$32,908,000,000 (13.02%)

$29,118,000,000 (-1.43%)

$29,539,000,000 (-24.58%)

Assets Non-Current

$102,693,000,000 (0.35%)

$102,333,000,000 (4.29%)

$98,125,000,000 (-4.23%)

$102,462,000,000 (-12.28%)

Goodwill & Intangible Assets

$71,366,000,000 (0.21%)

$71,214,000,000 (6.08%)

$67,133,000,000 (-1.50%)

$68,154,000,000 (0.96%)

Shareholders Equity

$27,307,000,000 (21.19%)

$22,533,000,000 (2.68%)

$21,944,000,000 (16.10%)

$18,901,000,000 (-8.23%)

Property Plant & Equipment Net

$8,928,000,000 (2.37%)

$8,721,000,000 (6.20%)

$8,212,000,000 (-7.90%)

$8,916,000,000 (-8.75%)

Cash & Equivalents

$14,161,000,000 (8.19%)

$13,089,000,000 (63.84%)

$7,989,000,000 (14.83%)

$6,957,000,000 (-49.04%)

Accumulated Other Comprehensive Income

-$15,269,000,000 (18.61%)

-$18,761,000,000 (-12.07%)

-$16,740,000,000 (27.95%)

-$23,234,000,000 (20.80%)

Deferred Revenue

$17,529,000,000 (3.21%)

$16,984,000,000 (9.36%)

$15,531,000,000 (-3.50%)

$16,095,000,000 (2.27%)

Total Investments

$14,043,000,000 (1.27%)

$13,867,000,000 (-8.32%)

$15,126,000,000 (0.38%)

$15,069,000,000 (-26.07%)

Investments Current

$6,903,000,000 (6.61%)

$6,475,000,000 (-15.94%)

$7,703,000,000 (-1.51%)

$7,821,000,000 (-29.60%)

Investments Non-Current

$7,140,000,000 (-3.41%)

$7,392,000,000 (-0.42%)

$7,423,000,000 (2.41%)

$7,248,000,000 (-21.84%)

Inventory

$1,289,000,000 (11.02%)

$1,161,000,000 (-25.19%)

$1,552,000,000 (-5.88%)

$1,649,000,000 (-9.00%)

Trade & Non-Trade Receivables

$7,751,000,000 (-1.31%)

$7,854,000,000 (6.74%)

$7,358,000,000 (-5.13%)

$7,756,000,000 (19.60%)

Trade & Non-Trade Payables

$4,032,000,000 (-2.42%)

$4,132,000,000 (2.00%)

$4,051,000,000 (2.43%)

$3,955,000,000 (-1.93%)

Accumulated Retained Earnings (Deficit)

$151,163,000,000 (-0.07%)

$151,276,000,000 (0.97%)

$149,825,000,000 (-2.84%)

$154,209,000,000 (-5.23%)

Tax Assets

$6,978,000,000 (4.84%)

$6,656,000,000 (6.39%)

$6,256,000,000 (-15.12%)

$7,370,000,000 (-12.30%)

Tax Liabilities

$2,033,000,000 (-10.44%)

$2,270,000,000 (3.37%)

$2,196,000,000 (-4.06%)

$2,289,000,000 (-28.42%)

Total Debt

$58,396,000,000 (-2.57%)

$59,935,000,000 (10.96%)

$54,013,000,000 (-2.04%)

$55,140,000,000 (-15.28%)

Debt Current

$5,857,000,000 (-19.17%)

$7,246,000,000 (28.61%)

$5,634,000,000 (-27.41%)

$7,761,000,000 (-4.78%)

Debt Non-Current

$52,539,000,000 (-0.28%)

$52,689,000,000 (8.91%)

$48,379,000,000 (2.11%)

$47,379,000,000 (-16.79%)

Total Liabilities

$109,783,000,000 (-2.53%)

$112,628,000,000 (7.04%)

$105,222,000,000 (-6.89%)

$113,005,000,000 (-16.44%)

Liabilities Current

$33,142,000,000 (-2.87%)

$34,122,000,000 (8.31%)

$31,505,000,000 (-6.29%)

$33,619,000,000 (-15.68%)

Liabilities Non-Current

$76,641,000,000 (-2.38%)

$78,506,000,000 (6.50%)

$73,717,000,000 (-7.14%)

$79,386,000,000 (-16.76%)

IBM Income Statement (MRY)


Metric

2024

2023

2022

2021

Revenues

$62,753,000,000 (1.44%)

$61,860,000,000 (2.20%)

$60,530,000,000 (5.54%)

$57,350,000,000 (3.93%)

Cost of Revenue

$27,201,000,000 (-1.30%)

$27,560,000,000 (-1.01%)

$27,842,000,000 (7.64%)

$25,865,000,000 (6.38%)

Selling General & Administrative Expense

$19,688,000,000 (3.60%)

$19,003,000,000 (2.12%)

$18,609,000,000 (-0.73%)

$18,745,000,000 (-8.83%)

Research & Development Expense

$7,479,000,000 (10.39%)

$6,775,000,000 (3.17%)

$6,567,000,000 (1.22%)

$6,488,000,000 (3.61%)

Operating Expenses

$28,042,000,000 (16.82%)

$24,004,000,000 (-20.82%)

$30,316,000,000 (18.91%)

$25,494,000,000 (-5.60%)

Interest Expense

$1,712,000,000 (6.53%)

$1,607,000,000 (32.15%)

$1,216,000,000 (5.28%)

$1,155,000,000 (-10.33%)

Income Tax Expense

-$218,000,000 (-118.54%)

$1,176,000,000 (287.86%)

-$626,000,000 (-604.84%)

$124,000,000 (109.12%)

Net Loss Income from Discontinued Operations

-$8,000,000 (-166.67%)

$12,000,000 (-91.61%)

$143,000,000 (113.88%)

-$1,030,000,000 (37.88%)

Consolidated Income

$6,023,000,000 (-19.71%)

$7,502,000,000 (357.72%)

$1,639,000,000 (-71.46%)

$5,743,000,000 (2.74%)

Net Income to Non-Controlling Interests

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Net Income

$6,023,000,000 (-19.71%)

$7,502,000,000 (357.72%)

$1,639,000,000 (-71.46%)

$5,743,000,000 (2.74%)

Preferred Dividends Income Statement Impact

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Net Income Common Stock

$6,023,000,000 (-19.71%)

$7,502,000,000 (357.72%)

$1,639,000,000 (-71.46%)

$5,743,000,000 (2.74%)

Weighted Average Shares

$921,767,834 (1.16%)

$911,210,319 (0.95%)

$902,664,190 (0.74%)

$895,990,771 (0.63%)

Weighted Average Shares Diluted

$937,161,224 (1.64%)

$922,073,828 (1.07%)

$912,269,062 (0.84%)

$904,641,001 (0.90%)

Earning Before Interest & Taxes (EBIT)

$7,517,000,000 (-26.91%)

$10,285,000,000 (361.42%)

$2,229,000,000 (-68.26%)

$7,022,000,000 (27.26%)

Gross Profit

$35,552,000,000 (3.65%)

$34,300,000,000 (4.93%)

$32,688,000,000 (3.82%)

$31,485,000,000 (2.01%)

Operating Income

$7,510,000,000 (-27.06%)

$10,296,000,000 (334.06%)

$2,372,000,000 (-60.41%)

$5,991,000,000 (55.21%)

IBM Cash Flow Statement (MRY)


Metric

2024

2023

2022

2021

Net Cash Flow from Investing

-$4,937,000,000 (30.17%)

-$7,070,000,000 (-68.25%)

-$4,202,000,000 (29.67%)

-$5,975,000,000 (-97.32%)

Net Cash Flow from Financing

-$7,079,000,000 (-300.17%)

-$1,769,000,000 (64.32%)

-$4,958,000,000 (62.87%)

-$13,354,000,000 (-37.37%)

Net Cash Flow from Operations

$13,445,000,000 (-3.49%)

$13,931,000,000 (33.50%)

$10,435,000,000 (-18.45%)

$12,796,000,000 (-29.68%)

Net Cash Flow / Change in Cash & Cash Equivalents

$1,071,000,000 (-79.00%)

$5,101,000,000 (394.28%)

$1,032,000,000 (115.36%)

-$6,718,000,000 (-225.31%)

Net Cash Flow - Business Acquisitions and Disposals

-$2,591,000,000 (49.06%)

-$5,086,000,000 (-372.68%)

-$1,076,000,000 (66.15%)

-$3,179,000,000 (-2003.59%)

Net Cash Flow - Investment Acquisitions and Disposals

-$1,218,000,000 (-145.56%)

-$496,000,000 (60.79%)

-$1,265,000,000 (-205.56%)

-$414,000,000 (-170.59%)

Capital Expenditure

-$1,128,000,000 (24.24%)

-$1,489,000,000 (19.99%)

-$1,861,000,000 (21.84%)

-$2,381,000,000 (21.73%)

Issuance (Repayment) of Debt Securities

-$880,000,000 (-119.57%)

$4,497,000,000 (268.30%)

$1,221,000,000 (115.05%)

-$8,115,000,000 (-118.50%)

Issuance (Purchase) of Equity Shares

$745,000,000 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Payment of Dividends & Other Cash Distributions

-$6,147,000,000 (-1.77%)

-$6,040,000,000 (-1.55%)

-$5,948,000,000 (-1.35%)

-$5,869,000,000 (-1.24%)

Effect of Exchange Rate Changes on Cash

-$359,000,000 (-4088.89%)

$9,000,000 (103.69%)

-$244,000,000 (-31.89%)

-$185,000,000 (-112.64%)

Share Based Compensation

$1,311,000,000 (15.71%)

$1,133,000,000 (14.79%)

$987,000,000 (0.51%)

$982,000,000 (4.80%)

Depreciation Amortization & Accretion

$4,667,000,000 (6.16%)

$4,396,000,000 (-8.45%)

$4,802,000,000 (-25.17%)

$6,417,000,000 (-4.15%)

IBM Financial Metrics (MRY)


Metric

2024

2023

2022

2021

Gross Margin

56.70% (2.35%)

55.40% (2.59%)

54.00% (-1.64%)

54.90% (-1.79%)

Profit Margin

9.60% (-20.66%)

12.10% (348.15%)

2.70% (-73.00%)

10.00% (-0.99%)

EBITDA Margin

19.40% (-18.14%)

23.70% (104.31%)

11.60% (-50.43%)

23.40% (5.88%)

Return on Average Equity (ROAE)

24.30% (-27.68%)

33.60% (314.81%)

8.10% (-70.22%)

27.20% (0.00%)

Return on Average Assets (ROAA)

4.40% (-22.81%)

5.70% (338.46%)

1.30% (-67.50%)

4.00% (11.11%)

Return on Sales (ROS)

12.00% (-27.71%)

16.60% (348.65%)

3.70% (-69.67%)

12.20% (22.00%)

Return on Invested Capital (ROIC)

9.40% (-25.40%)

12.60% (334.48%)

2.90% (-65.06%)

8.30% (50.91%)

Dividend Yield

3.00% (-26.83%)

4.10% (-12.77%)

4.70% (-4.08%)

4.90% (-5.77%)

Price to Earnings Ratio (P/E)

33.61 (69.35%)

19.85 (-74.50%)

77.84 (273.30%)

20.85 (4.03%)

Price to Sales Ratio (P/S)

3.23 (34.04%)

2.41 (14.66%)

2.1 (0.62%)

2.09 (2.81%)

Price to Book Ratio (P/B)

7.44 (12.31%)

6.63 (14.18%)

5.8 (-8.47%)

6.34 (16.45%)

Debt to Equity Ratio (D/E)

4.02 (-19.57%)

5 (4.23%)

4.79 (-19.80%)

5.98 (-8.94%)

Earnings Per Share (EPS)

6.54 (-20.63%)

8.24 (355.25%)

1.81 (-71.76%)

6.41 (2.07%)

Sales Per Share (SPS)

68.08 (0.28%)

67.89 (1.24%)

67.06 (4.77%)

64.01 (3.28%)

Free Cash Flow Per Share (FCFPS)

13.36 (-2.14%)

13.65 (43.74%)

9.5 (-18.28%)

11.62 (-31.71%)

Book Value Per Share (BVPS)

29.63 (19.80%)

24.73 (1.72%)

24.31 (15.24%)

21.09 (-8.81%)

Tangible Assets Book Value Per Share (TABVPS)

71.39 (1.61%)

70.27 (5.52%)

66.59 (-6.55%)

71.26 (-28.28%)

Enterprise Value Over EBIT (EV/EBIT)

33 (65.00%)

20 (-74.36%)

78 (225.00%)

24 (-20.00%)

Enterprise Value Over EBITDA (EV/EBITDA)

20.53 (50.28%)

13.66 (-44.55%)

24.64 (93.60%)

12.73 (-7.48%)

Asset Turnover

0.46 (-0.86%)

0.47 (-0.85%)

0.47 (17.46%)

0.4 (12.32%)

Current Ratio

1.04 (7.88%)

0.96 (4.33%)

0.92 (5.12%)

0.88 (-10.49%)

Dividends

$6.67 (0.60%)

$6.63 (0.61%)

$6.59 (0.61%)

$6.55 (0.61%)

Free Cash Flow (FCF)

$12,317,000,000 (-1.00%)

$12,442,000,000 (45.11%)

$8,574,000,000 (-17.68%)

$10,415,000,000 (-31.28%)

Enterprise Value (EV)

$250,176,743,764 (24.72%)

$200,589,543,923 (15.79%)

$173,233,363,283 (1.28%)

$171,037,334,781 (1.81%)

Earnings Before Tax (EBT)

$5,805,000,000 (-33.11%)

$8,678,000,000 (756.66%)

$1,013,000,000 (-82.73%)

$5,867,000,000 (38.70%)

Earnings Before Interest Taxes & Depreciation Amortization (EBITDA)

$12,184,000,000 (-17.01%)

$14,681,000,000 (108.80%)

$7,031,000,000 (-47.68%)

$13,439,000,000 (10.04%)

Invested Capital

$76,902,000,000 (0.20%)

$76,751,000,000 (2.84%)

$74,629,000,000 (-4.82%)

$78,411,000,000 (-21.62%)

Working Capital

$1,340,000,000 (210.38%)

-$1,214,000,000 (49.14%)

-$2,387,000,000 (41.50%)

-$4,080,000,000 (-479.55%)

Tangible Asset Value

$65,809,000,000 (2.78%)

$64,027,000,000 (6.52%)

$60,110,000,000 (-5.85%)

$63,847,000,000 (-27.83%)

Market Capitalization

$203,264,743,764 (36.11%)

$149,340,543,923 (17.24%)

$127,382,363,283 (6.27%)

$119,866,334,781 (6.86%)

Average Equity

$24,760,500,000 (10.76%)

$22,354,750,000 (11.11%)

$20,119,750,000 (-4.71%)

$21,115,000,000 (2.56%)

Average Assets

$135,632,750,000 (2.28%)

$132,603,000,000 (3.22%)

$128,467,750,000 (-10.11%)

$142,914,500,000 (-7.45%)

Invested Capital Average

$79,901,500,000 (-2.33%)

$81,806,500,000 (7.65%)

$75,994,250,000 (-10.55%)

$84,953,500,000 (-14.95%)

Shares

924,645,152 (1.26%)

913,118,581 (0.99%)

904,126,363 (0.82%)

896,800,350 (0.64%)