Consolidated statement of earnings (audited)
| ($ in millions except per share amounts) | ||||
| For the year ended December 31: | Notes | 2008 | 2007 | 2006 |
|---|---|---|---|---|
|
The accompanying notes are an integral part of the financial statements. |
||||
| Revenue: | ||||
| Services | $58,892 | $54,057 | $48,328 | |
| Sales | 42,156 | 42,202 | 40,716 | |
| Financing | 2,582 | 2,526 | 2,379 | |
| Total Revenue | 103,630 | 98,786 | 91,424 | |
| Cost: | ||||
| Services | 40,937 | 39,160 | 35,065 | |
| Sales | 15,776 | 16,552 | 16,882 | |
| Financing | 1,256 | 1,345 | 1,182 | |
| Total cost | 57,969 | 57,057 | 53,129 | |
| Gross profit | 45,661 | 41,729 | 38,295 | |
| Expense and other income: | ||||
| Selling, general and administrative | 23,386 | 22,060 | 20,259 | |
| Research, development and engineering | Q | 6,337 | 6,153 | 6,107 |
| Intellectual property and custom development income | (1,153) | (958) | (900) | |
| Other (income) and expense | (298) | (626) | (766) | |
| Interest expense | K&L | 673 | 611 | 278 |
| Total expense and other income | 28,945 | 27,240 | 24,978 | |
| Income from continuing operations before income taxes | 16,715 | 14,489 | 13,317 | |
| Provision for income taxes | P | 4,381 | 4,071 | 3,901 |
| Income from continuing operations | 12,334 | 10,418 | 9,416 | |
| Discontinued operations: | ||||
| Income/(loss) from discontinued operations, net of tax | — | (00) | 76 | |
| Net income | $12,334 | $10,418 | $9,492 | |
| Earnings/(loss) per share of common stock: | ||||
| Assuming dilution: | ||||
| Continuing operations | R | $8.93 | $7.18 | $6.06 |
| Discontinued operations | — | (0.00) | 0.05 | |
| Total | R | $8.93 | $7.18 | $6.11 |
| Basic: | ||||
| Continuing operations | R | $9.07 | $7.32 | $6.15 |
| Discontinued operations | R | — | (0.00) | 0.05 |
| Total | R | $9.07 | $7.32 | $6.20 |
| Weighted-average number of common shares outstanding: | ||||
| Assuming dilution | 1,381,773,136 | 1,450,570,579 | 1,553,535,384 | |
| Basic | 1,359,769,923 | 1,423,039,793 | 1,530,806,987 | |
