Technology - Information Technology Services - NYSE - US
$ 204.99
-1.91 %
$ 190 B
Market Cap
29.93
P/E
INCOME STATEMENT
61.9 B
REVENUE
9.04 B
OPERATING INCOME
7.5 B
NET INCOME
EFFICIENCY
Earnings Waterfall
International Business Machines Corporation
| Revenue | 61.9 B |
| Cost Of Revenue | 27.6 B |
| Gross Profit | 34.3 B |
| Operating Expenses | 25.3 B |
| Operating Income | 9.04 B |
| Other Expenses | 1.54 B |
| Net Income | 7.5 B |
Income Statement
Millions
| Dec-2023 | Dec-2022 | Dec-2021 | Dec-2020 | Dec-2019 | Dec-2018 | Dec-2017 | Dec-2016 | Dec-2015 | Dec-2014 | Dec-2013 | Dec-2012 | Dec-2011 | Dec-2010 | Dec-2009 | Dec-2008 | Dec-2007 | Dec-2006 | Dec-2005 | Dec-2004 | Dec-2003 | Dec-2002 | Dec-2001 | Dec-2000 | Dec-1999 | Dec-1998 | Dec-1997 | Dec-1996 | Dec-1995 | Dec-1994 | Dec-1993 | Dec-1992 | Dec-1991 | Dec-1990 | Dec-1989 | Dec-1988 | Dec-1987 | Dec-1986 | Dec-1985 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| REVENUE | |||||||||||||||||||||||||||||||||||||||
| Revenue | 61 860.0 | 60 530.0 | 57 351.0 | 73 620.0 | 77 147.0 | 79 590.0 | 79 139.0 | 79 920.0 | 81 742.0 | 92 793.0 | 99 751.0 | 104 507.0 | 106 916.0 | 99 870.0 | 95 758.0 | 103 630.0 | 98 786.0 | 91 424.0 | 91 134.0 | 96 293.0 | 89 131.0 | 81 186.0 | 85 866.0 | 88 396.0 | 87 548.0 | 79 075.0 | 78 508.0 | 74 323.0 | 71 940.0 | 64 052.0 | 62 716.0 | 64 523.0 | 64 792.0 | 69 018.0 | 62 710.0 | 59 681.0 | 54 217.0 | 51 250.0 | 50 056.0 |
| GROSS PROFIT | |||||||||||||||||||||||||||||||||||||||
| Cost Of Revenue | 27 560.0 | 27 843.0 | 25 865.0 | 38 045.0 | 40 659.0 | 42 655.0 | 42 913.0 | 41 625.0 | 41 057.0 | 46 386.0 | 51 246.0 | 54 209.0 | 56 778.0 | 53 857.0 | 51 973.0 | 57 969.0 | 57 057.0 | 53 129.0 | 54 602.0 | 60 261.0 | 56 113.0 | 50 902.0 | 54 084.0 | 55 972.0 | 55 619.0 | 50 795.0 | 47 899.0 | 43 784.0 | 41 573.0 | 38 768.0 | 33 858.0 | 28 810.0 | 27 324.0 | 26 506.0 | 23 461.0 | 21 777.0 | 21 083.0 | 19 390.0 | 18 209.0 |
| Gross Profit | 34 300.0 | 32 687.0 | 31 486.0 | 35 575.0 | 36 488.0 | 36 935.0 | 36 226.0 | 38 295.0 | 40 685.0 | 46 407.0 | 48 505.0 | 50 298.0 | 50 138.0 | 46 013.0 | 43 785.0 | 45 661.0 | 41 729.0 | 38 295.0 | 36 532.0 | 36 032.0 | 33 018.0 | 30 284.0 | 31 782.0 | 32 424.0 | 31 929.0 | 28 280.0 | 30 609.0 | 30 539.0 | 30 367.0 | 25 284.0 | 28 858.0 | 35 713.0 | 37 468.0 | 42 512.0 | 39 249.0 | 37 904.0 | 33 134.0 | 31 860.0 | 31 847.0 |
| OPERATING INCOME | |||||||||||||||||||||||||||||||||||||||
| Operating Expenses | 25 257.0 | 24 513.0 | 24 621.0 | 28 789.0 | 25 945.0 | 23 651.0 | 24 372.0 | 25 102.0 | 24 763.0 | 27 541.0 | 28 749.0 | 28 730.0 | 29 852.0 | 27 864.0 | 26 773.0 | 29 723.0 | 28 213.0 | 26 366.0 | 27 156.0 | 25 057.0 | 22 929.0 | 23 488.0 | 22 487.0 | 20 790.0 | 20 002.0 | 21 708.0 | 21 511.0 | 21 943.0 | 22 776.0 | 20 279.0 | 37 495.0 | 32 307.0 | 36 526.0 | 31 480.0 | 32 356.0 | 29 158.0 | 25 392.0 | 24 001.0 | 20 617.0 |
| Selling, General and Administrative Expenses | 17 997.0 | 18 609.0 | 18 745.0 | 23 082.0 | 20 604.0 | 18 863.0 | 19 555.0 | 20 479.0 | 19 894.0 | 22 472.0 | 22 975.0 | 23 174.0 | 23 217.0 | 21 545.0 | 20 521.0 | 23 386.0 | 22 060.0 | 20 259.0 | 21 314.0 | 19 384.0 | 17 852.0 | 18 738.0 | 17 197.0 | 15 639.0 | 14 729.0 | 16 662.0 | 16 634.0 | 16 854.0 | 16 766.0 | 15 916.0 | 32 785.0 | 26 048.0 | 31 376.0 | 27 263.0 | 28 116.0 | 25 287.0 | 21 865.0 | 20 685.0 | 17 723.0 |
| Research and Development Expenses | 6 775.0 | 6 567.0 | 6 488.0 | 6 333.0 | 5 989.0 | 5 379.0 | 5 787.0 | 5 751.0 | 5 247.0 | 5 437.0 | 6 226.0 | 6 302.0 | 6 258.0 | 6 026.0 | 5 820.0 | 6 337.0 | 6 153.0 | 6 107.0 | 5 842.0 | 5 673.0 | 5 077.0 | 4 750.0 | 5 290.0 | 5 151.0 | 5 273.0 | 5 046.0 | 4 877.0 | 5 089.0 | 6 010.0 | 4 363.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 9 043.0 | 2 372.0 | 5 992.0 | 5 925.0 | 11 510.0 | 13 285.0 | 11 855.0 | 13 192.0 | 15 921.0 | 18 866.0 | 19 756.0 | 21 568.0 | 20 286.0 | 18 149.0 | 17 012.0 | 15 938.0 | 13 516.0 | 11 929.0 | 9 376.0 | 10 975.0 | 10 089.0 | 6 796.0 | 9 295.0 | 11 634.0 | 11 927.0 | 6 572.0 | 9 098.0 | 8 596.0 | 7 591.0 | 5 005.0 | (8 637.0) | 3 406.0 | 942.0 | 11 032.0 | 6 893.0 | 8 746.0 | 7 742.0 | 7 859.0 | 11 230.0 |
| PRE-TAX INCOME | |||||||||||||||||||||||||||||||||||||||
| Interest Income Expense | 1 607.0 | 1 216.0 | 1 155.0 | 1 288.0 | 1 344.0 | 723.0 | 615.0 | 630.0 | 468.0 | 484.0 | 402.0 | 459.0 | 411.0 | 368.0 | 402.0 | 673.0 | 611.0 | 278.0 | 220.0 | 139.0 | 145.0 | 145.0 | 0 | 717.0 | 727.0 | 713.0 | 728.0 | 716.0 | 725.0 | 1 227.0 | 1 273.0 | 1 360.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Other Income | (353.0) | 125.0 | (1 155.0) | (1 470.0) | (332.0) | (850.0) | (278.0) | (1 309.0) | 24.0 | 1 119.0 | (225.0) | (293.0) | (479.0) | 1 583.0 | 1 131.0 | 776.0 | 973.0 | 1 388.0 | 2 850.0 | 1 053.0 | 785.0 | 728.0 | 2 155.0 | (100.0) | (170.0) | (124.0) | (71.0) | (9.0) | 222.0 | 150.0 | (160.0) | (12 432.0) | (821.0) | (829.0) | (248.0) | 287.0 | 867.0 | 530.0 | 389.0 |
| Pre-Tax Income | 8 690.0 | 1 156.0 | 4 837.0 | 4 637.0 | 10 166.0 | 11 342.0 | 11 400.0 | 12 330.0 | 15 945.0 | 19 986.0 | 19 524.0 | 21 902.0 | 21 003.0 | 19 723.0 | 18 138.0 | 16 715.0 | 14 489.0 | 13 317.0 | 12 226.0 | 12 028.0 | 10 874.0 | 7 524.0 | 10 953.0 | 11 534.0 | 11 757.0 | 9 040.0 | 9 027.0 | 8 587.0 | 7 813.0 | 5 155.0 | (8 797.0) | (9 026.0) | 121.0 | 10 203.0 | 6 645.0 | 9 033.0 | 8 609.0 | 8 389.0 | 11 619.0 |
| NET INCOME | |||||||||||||||||||||||||||||||||||||||
| Tax Provision | 1 176.0 | (626.0) | 124.0 | (864.0) | 731.0 | 2 619.0 | 5 642.0 | 449.0 | 2 581.0 | 4 234.0 | 3 041.0 | 5 298.0 | 5 148.0 | 4 890.0 | 4 713.0 | 4 381.0 | 4 071.0 | 3 901.0 | 4 232.0 | 3 580.0 | 3 261.0 | 2 190.0 | 3 230.0 | 3 441.0 | 4 045.0 | 2 712.0 | 2 934.0 | 3 158.0 | 3 635.0 | 2 134.0 | (810.0) | (2 161.0) | 685.0 | 4 183.0 | 2 887.0 | 3 542.0 | 3 351.0 | 3 600.0 | 5 064.0 |
| Net Income | 7 502.0 | 1 640.0 | 5 742.0 | 5 590.0 | 9 431.0 | 8 728.0 | 5 753.0 | 11 872.0 | 13 190.0 | 12 022.0 | 16 483.0 | 16 604.0 | 15 855.0 | 14 833.0 | 13 425.0 | 12 334.0 | 10 418.0 | 9 492.0 | 7 934.0 | 8 430.0 | 7 583.0 | 3 579.0 | 7 723.0 | 8 093.0 | 7 712.0 | 6 328.0 | 6 093.0 | 5 429.0 | 4 178.0 | 3 021.0 | (8 101.0) | (4 965.0) | (564.0) | 6 020.0 | 3 758.0 | 5 491.0 | 5 258.0 | 4 789.0 | 6 555.0 |
| EPS | 8.23 | 1.82 | 6.41 | 6.28 | 10.6 | 9.57 | 6.17 | 12.4 | 13.5 | 12 | 15.1 | 14.5 | 13.2 | 11.7 | 10.1 | 9.07 | 7.32 | 6.2 | 4.96 | 5.03 | 4.4 | 2.1 | 4.45 | 4.58 | 4.25 | 3.38 | 3.09 | 2.56 | 1.81 | 1.25 | 3.54 | 2.17 | 0.25 | 2.63 | 1.62 | 2.32 | 2.18 | 1.96 | 2.67 |