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Table of contents

International Business Machines Corporation and Subsidiary Companies

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Management discussion

Road map
Forward-looking and cautionary statements
Management discussion snapshot
Description of business
Year in review
Prior year in review
Discontinued operations
Other information
Global Financing

Report of management

Report of independent registered public accounting firm

Consolidated financial statements (audited)

Earnings
Financial position
Cash flows
Stockholders' equity

Notes to consolidated financial statements (audited)

A. Significant accounting policies
B. Accounting changes
C. Acquisitions/divestitures
D. Financial instruments (excluding derivatives)
E. Inventories
F. Financing receivables
G. Plant, rental machines and other property
H. Investments and sundry assets
I. Intangible assets including goodwill
J. Securitization of receivables
K. Borrowings
L. Derivatives and hedging transactions
M. Other liabilities
N. Stockholders’ equity activity
O. Contingencies and commitments
P. Taxes
Q. Research, development and engineering
R. 2005 actions
S. Earnings per share of common stock
T. Rental expense and lease commitments
U. Stock-based compensation
V. Retirement-related benefits
W. Segment information
X. Subsequent events

Five-year comparison of selected financial data

Selected quarterly data

Performance graphs

Board of directors and senior executive officers

Stockholder information

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Download: Report of financials (3.7MB)
Download: IBM Annual Report 2006 (6.3MB)
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