IBM Income Statement
| Period Ending: |
LTM
(Last Twelve Months) |
2023 12-31 |
2022 12-31 |
2021 12-31 |
2020 12-31 |
2019 12-31 |
2018 12-31 |
2017 12-31 |
2016 12-31 |
2015 12-31 |
2014 12-31 |
2013 12-31 |
2012 12-31 |
2011 12-31 |
2010 12-31 |
2009 12-31 |
2008 12-31 |
2007 12-31 |
2006 12-31 |
2005 12-31 |
2004 12-31 |
2003 12-31 |
2002 12-31 |
2001 12-31 |
2000 12-31 |
1999 12-31 |
1998 12-31 |
1997 12-31 |
1996 12-31 |
1995 12-31 |
1994 12-31 |
1993 12-31 |
1992 12-31 |
1991 12-31 |
1990 12-31 |
1989 12-31 |
1988 12-31 |
1987 12-31 |
1986 12-31 |
1985 12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Report Filing: | 2024-02-26 | 2023-02-28 | 2022-02-22 | 2021-02-23 | 2020-02-25 | 2019-02-26 | 2018-02-27 | 2017-02-28 | 2016-02-23 | 2015-02-24 | 2014-02-25 | 2013-02-26 | 2012-02-28 | 2011-02-22 | 2010-02-23 | 2009-02-24 | 2008-02-26 | 2007-02-27 | 2006-02-28 | 2005-02-24 | 2004-03-08 | 2003-03-10 | 2002-03-11 | 2001-03-13 | 2000-03-13 | 1999-03-29 | 1998-03-30 | 1997-03-27 | 1996-03-26 | 1995-03-28 | 1994-03-28 | 1992-12-31 | 1991-12-31 | 1990-12-31 | 1989-12-31 | 1988-12-31 | 1987-12-31 | 1986-12-31 | 1985-12-31 | |
| Revenue | 61860000000 | 60530000000 | 57351000000 | 73620000000 | 77147000000 | 79590000000 | 79139000000 | 79920000000 | 81742000000 | 92793000000 | 99751000000 | 104507000000 | 106916000000 | 99870000000 | 95758000000 | 103630000000 | 98786000000 | 91424000000 | 91134000000 | 96293000000 | 89131000000 | 81186000000 | 85866000000 | 88396000000 | 87548000000 | 79075000000 | 78508000000 | 74323000000 | 71940000000 | 64052000000 | 62716000000 | 64523000000 | 64792000000 | 69018000000 | 62710000000 | 59681000000 | 54217000000 | 51250000000 | 50056000000 | |
| Cost of Revenue | 27560000000 | 27843000000 | 25864000000 | 38045000000 | 40659000000 | 42655000000 | 42913000000 | 41625000000 | 41057000000 | 46386000000 | 51246000000 | 54209000000 | 56778000000 | 53857000000 | 51973000000 | 57969000000 | 57057000000 | 53129000000 | 54602000000 | 60261000000 | 56113000000 | 50902000000 | 54084000000 | 55972000000 | 55619000000 | 50795000000 | 47899000000 | 43784000000 | 41573000000 | 38768000000 | 33858000000 | 28810000000 | 27324000000 | 26506000000 | 23461000000 | 21777000000 | 21083000000 | 19390000000 | 18209000000 | |
| Gross Profit | 34300000000 | 32687000000 | 31487000000 | 35575000000 | 36488000000 | 36935000000 | 36226000000 | 38295000000 | 40685000000 | 46407000000 | 48505000000 | 50298000000 | 50138000000 | 46013000000 | 43785000000 | 45661000000 | 41729000000 | 38295000000 | 36532000000 | 36032000000 | 33018000000 | 30284000000 | 31782000000 | 32424000000 | 31929000000 | 28280000000 | 30609000000 | 30539000000 | 30367000000 | 25284000000 | 28858000000 | 35713000000 | 37468000000 | 42512000000 | 39249000000 | 37904000000 | 33134000000 | 31860000000 | 31847000000 | |
| Operating Expenses | 23797000000 | 30315000000 | 25495000000 | 29650000000 | 24978000000 | 23650000000 | 24371000000 | 25103000000 | 24764000000 | 27541000000 | 28749000000 | 28730000000 | 29852000000 | 27864000000 | 26773000000 | 29723000000 | 28213000000 | 26366000000 | 27156000000 | 25057000000 | 22929000000 | 23488000000 | 22487000000 | 20790000000 | 20002000000 | 21708000000 | 21511000000 | 21943000000 | 22776000000 | 20279000000 | 37495000000 | 32307000000 | 36526000000 | 31480000000 | 32356000000 | 29158000000 | 25392000000 | 24001000000 | 20617000000 | |
| Research & Development | 6775000000 | 6567000000 | 6488000000 | 6333000000 | 5989000000 | 5379000000 | 5787000000 | 5751000000 | 5247000000 | 5437000000 | 6226000000 | 6302000000 | 6258000000 | 6026000000 | 5820000000 | 6337000000 | 6153000000 | 6107000000 | 5842000000 | 5673000000 | 5077000000 | 4750000000 | 5290000000 | 5151000000 | 5273000000 | 5046000000 | 4877000000 | 5089000000 | 6010000000 | 4363000000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Selling, General and Administrative | 17997000000 | 18609000000 | 18745000000 | 23082000000 | 20604000000 | 18863000000 | 19555000000 | 20479000000 | 19894000000 | 22472000000 | 22975000000 | 23174000000 | 23217000000 | 21545000000 | 20521000000 | 23386000000 | 22060000000 | 20259000000 | 21314000000 | 19384000000 | 17852000000 | 18738000000 | 17197000000 | 15639000000 | 14729000000 | 16662000000 | 16634000000 | 16854000000 | 16766000000 | 15916000000 | 32785000000 | 26048000000 | 31376000000 | 27263000000 | 28116000000 | 25287000000 | 21865000000 | 20685000000 | 17723000000 | |
| Other Operating Expenses | -975000000 | 5139000000 | 262000000 | 235000000 | -1615000000 | -592000000 | -971000000 | -1127000000 | -377000000 | -368000000 | -452000000 | -746000000 | 377000000 | 293000000 | 432000000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4710000000 | 6259000000 | 5150000000 | 4217000000 | 4240000000 | 3871000000 | 3527000000 | 3316000000 | 2894000000 | |
| Operating Income | 10503000000 | 2372000000 | 5992000000 | 5925000000 | 11510000000 | 13285000000 | 11855000000 | 13192000000 | 15921000000 | 18866000000 | 19756000000 | 21568000000 | 20286000000 | 18149000000 | 17012000000 | 15938000000 | 13516000000 | 11929000000 | 9376000000 | 10975000000 | 10089000000 | 6796000000 | 9295000000 | 11634000000 | 11927000000 | 6572000000 | 9098000000 | 8596000000 | 7591000000 | 5005000000 | -8637000000 | 3406000000 | 942000000 | 11032000000 | 6893000000 | 8746000000 | 7742000000 | 7859000000 | 11230000000 | |
| Net Interest(Non Operating) | -937000000 | -1054000000 | -1103000000 | -1183000000 | -995000000 | -459000000 | -471000000 | -522000000 | -396000000 | -394000000 | -328000000 | -350000000 | -275000000 | -276000000 | -308000000 | -673000000 | -611000000 | -278000000 | -220000000 | -139000000 | 0 | 0 | 0 | -717000000 | -727000000 | -124000000 | -71000000 | -9000000 | 222000000 | 150000000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Interest Income | 670000000 | 162000000 | 52000000 | 105000000 | 349000000 | 264000000 | 144000000 | 108000000 | 72000000 | 90000000 | 74000000 | 109000000 | 136000000 | 92000000 | 94000000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 589000000 | 657000000 | 707000000 | 947000000 | 1377000000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Interest Expense | 1607000000 | 1216000000 | 1155000000 | 1288000000 | 1344000000 | 723000000 | 615000000 | 630000000 | 468000000 | 484000000 | 402000000 | 459000000 | 411000000 | 368000000 | 402000000 | 673000000 | 611000000 | 278000000 | 220000000 | 139000000 | 0 | 0 | 0 | 717000000 | 727000000 | 713000000 | 728000000 | 716000000 | 725000000 | 1227000000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Equity & Other Income/(Expense) | -876000000 | -162000000 | -52000000 | -105000000 | -349000000 | -1484000000 | 16000000 | -340000000 | 420000000 | 1514000000 | 96000000 | 684000000 | 992000000 | 1850000000 | 1434000000 | 1450000000 | 1584000000 | 1666000000 | 3070000000 | 1192000000 | 785000000 | 728000000 | 1658000000 | 617000000 | 557000000 | 2592000000 | 0 | 0 | 0 | 0 | -160000000 | -12432000000 | -821000000 | -829000000 | -248000000 | 287000000 | 867000000 | 530000000 | 389000000 | |
| Income Before Tax | 8690000000 | 1156000000 | 4837000000 | 4637000000 | 10166000000 | 11342000000 | 11400000000 | 12330000000 | 15945000000 | 19986000000 | 19524000000 | 21902000000 | 21003000000 | 19723000000 | 18138000000 | 16715000000 | 14489000000 | 13317000000 | 12226000000 | 12028000000 | 10874000000 | 7524000000 | 10953000000 | 11534000000 | 11757000000 | 9040000000 | 9027000000 | 8587000000 | 7813000000 | 5155000000 | -8797000000 | -9026000000 | 121000000 | 10203000000 | 6645000000 | 9033000000 | 8609000000 | 8389000000 | 11619000000 | |
| Income Tax Expense | 1176000000 | -626000000 | 124000000 | -864000000 | 731000000 | 2619000000 | 5642000000 | 449000000 | 2581000000 | 4234000000 | 3041000000 | 5298000000 | 5148000000 | 4890000000 | 4713000000 | 4381000000 | 4071000000 | 3901000000 | 4232000000 | 3580000000 | 3261000000 | 2190000000 | 3230000000 | 3441000000 | 4045000000 | 2712000000 | 2934000000 | 3158000000 | 3635000000 | 2134000000 | -810000000 | -2161000000 | 685000000 | 4183000000 | 2887000000 | 3542000000 | 3351000000 | 3600000000 | 5064000000 | |
| Income Attributable to Non-Controlling Interest | 12000000 | 142000000 | -1029000000 | -89000000 | 4000000 | -5000000 | 5000000 | 9000000 | 174000000 | 3730000000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -76000000 | 60000000 | 18000000 | 30000000 | 1755000000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 114000000 | -1900000000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Net Income | 7502000000 | 1640000000 | 5742000000 | 5590000000 | 9431000000 | 8728000000 | 5753000000 | 11872000000 | 13190000000 | 12022000000 | 16483000000 | 16604000000 | 15855000000 | 14833000000 | 13425000000 | 12334000000 | 10418000000 | 9492000000 | 7934000000 | 8430000000 | 7583000000 | 3579000000 | 7723000000 | 8093000000 | 7712000000 | 6328000000 | 6093000000 | 5429000000 | 4178000000 | 3021000000 | -8101000000 | -4965000000 | -564000000 | 6020000000 | 3758000000 | 5491000000 | 5258000000 | 4789000000 | 6555000000 | |
| Depreciation and Amortization | 4396000000 | 4802000000 | 6416000000 | 6695000000 | 6059000000 | 4480000000 | 4541000000 | 4381000000 | 3855000000 | 4492000000 | 4678000000 | 4676000000 | 4815000000 | 4831000000 | 4994000000 | 5450000000 | 5201000000 | 4983000000 | 5188000000 | 4915000000 | 4701000000 | 4379000000 | 4820000000 | 4995000000 | 6585000000 | 4992000000 | 5001000000 | 5012000000 | 5602000000 | 6295000000 | 4710000000 | 6259000000 | 5150000000 | 4217000000 | 4240000000 | 3871000000 | 3527000000 | 3316000000 | 2894000000 | |
| EBITDA | 14899000000 | 7174000000 | 12408000000 | 12620000000 | 17569000000 | 17765000000 | 16396000000 | 17573000000 | 19776000000 | 23358000000 | 24434000000 | 26244000000 | 25101000000 | 22980000000 | 22006000000 | 21388000000 | 18717000000 | 16912000000 | 14564000000 | 15890000000 | 14790000000 | 11175000000 | 14115000000 | 16629000000 | 18512000000 | 11564000000 | 14099000000 | 13608000000 | 13193000000 | 11300000000 | -3927000000 | 9665000000 | 6092000000 | 15249000000 | 11133000000 | 12617000000 | 11269000000 | 11175000000 | 14124000000 | |
| Earnings Per Share (EPS) | 8.23 | 1.82 | 6.41 | 6.28 | 10.63 | 9.57 | 6.17 | 12.43 | 13.48 | 11.97 | 15.06 | 14.53 | 13.25 | 11.69 | 10.12 | 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 | |
| Diluted Earnings Per Share | 8.14 | 1.8 | 6.35 | 6.23 | 10.56 | 9.53 | 6.14 | 12.38 | 13.42 | 11.9 | 14.94 | 14.37 | 13.06 | 11.52 | 10.01 | 8.93 | 7.18 | 6.11 | 4.87 | 4.93 | 4.32 | 2.06 | 4.35 | 4.44 | 4.12 | 3.29 | 3.01 | 2.56 | 1.81 | 1.25 | -3.54 | -2.17 | -0.25 | 2.63 | 1.62 | 2.32 | 2.18 | 1.96 | 2.67 | |
| Weighted Average Shares Outstanding | 911210319 | 902664190 | 895990771 | 890348679 | 887235105 | 912000000 | 932800000 | 955400000 | 978700000 | 1004300000 | 1094500000 | 1142500000 | 1197000000 | 1268800000 | 1327200000 | 1359769923 | 1423039793 | 1530806987 | 1600591264 | 1674959086 | 1721588628 | 1703244345 | 1733258427 | 1763037049 | 1808538346 | 1869005570 | 1966572722 | 2113408376 | 2277536116 | 2339834796 | 2288764045 | 2283585956 | 2256000000 | 2288973384 | 2319753086 | 2366810345 | 2411926606 | 2443367347 | 2455056180 | |
| Diluted Weighted Average Shares Outstanding | 922073828 | 912269062 | 904641001 | 896563971 | 892813376 | 916300000 | 937400000 | 958700000 | 982700000 | 1010000000 | 1103000000 | 1155400000 | 1213800000 | 1287400000 | 1341400000 | 1381773136 | 1450570579 | 1553535384 | 1627632662 | 1708872279 | 1756090689 | 1730941054 | 1773103448 | 1812118422 | 1871073912 | 1920130470 | 2021869884 | 2133200000 | 2277536116 | 2339834796 | 2288764045 | 2288018433 | 2256000000 | 2288973384 | 2319753086 | 2366810345 | 2411926606 | 2443367347 | 2455056180 |
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