Financial snapshot

Quarterly snapshot

This page features a recent snapshot of IBM's financial performance. More detailed information about the company's financial performance can be found in IBM's periodic financial reports, which are available on the company's website and on the SEC's website.

Overview - IBM Corporation Financial Profile

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Recent Highlights - 3Q 2014

 

($ in Billions, except per share amounts)
P&L Highlights
(From Continuing Operations)
FY
2013
B/(W)
Yr/Yr**
3Q YTD
2014
B(W)
Yr/Yr
Revenue
    @constant currency
$98.4  
 
$68.7 (3%)
(3%)
Pre-Tax Income - Operating $22.1   $13.7 (5%)
Net Income - Operating $18.4   $10.9 (7%)
EPS (Diluted) - Operating $16.64   $10.76 2%
Free Cash Flow* $15.0   $5.8 (13%)
* Net Cash from Ops excl GF Receivables, less Capital Expenditures
** Representation to reflect changes in reporting format to continuing operation and will be provided when available

 

($ in Billions)
Balance Sheet Dec
2013
Sep
2014
Assets    
  Cash & Marketable Securities $11.1 $9.6
  Global Financing Assets $38.7 $34.8
  Non-Global Financing Assets* $76.5 $74.5
  $126.2 $118.9
Liabilities    
  Global Financing Debt $27.5 $28.6
  Non-Global Financing Debt* $12.2 $17.1
  Other Liabilities $63.6 $58.8
  $103.3 $104.5
Equity $22.9 $14.4
*Includes eliminations of inter-company activity

 

Key P&L Metrics - Operating
(From Continuing Operations)
FY
2013
B/(W)
Yr/Yr**
3Q YTD
2014
B/(W)
Yr/Yr
Gross Profit Margin 50.5%   49.5% 0.0 pts
Expense / Revenue % * 28.1%   29.5% (0.5 pts)
Pre-Tax Income Margin 22.5%   20.0% (0.5 pts)
Tax Rate 17.0%   20.6% (1.1 pts)
Net Income Margin 18.7%   15.9% (0.6 pts)
* Total Operating Expense & Other Income / Revenue
** Representation to reflect changes in reporting format to continuing operation and will be provided when available

 

Key Metrics Dec
2013
Sep
2014
Non GF Debt/Cap 39% 62%
Global Financing Leverage 7.2 7.4
Dividend Yield 2.0% 2.7%
Credit Rating (Moody's, S&P)* Aa3, AA- Aa3, AA-
*Credit ratings are not recommendations to purchase, hold, or sell any IBM securities or to make any investment decisions

 

Revenue by Geography (excludes OEM) 2013* Revenue by Business Segment 2013* Pre-Tax (Operating) Profit by Business Segment

* From Continuing Operations


In an effort to provide additional and useful information regarding the company’s results as determined by generally accepted accounting principles (GAAP), these materials contain certain non-GAAP financial measures. For reconciliation to GAAP and other information about FY 2013 and 3Q YTD 2014 non-GAAP measures, December 2013 and September 2013 non GF debt-to-capital ratio, FY 2013 and 3Q YTD 2014 operating gross profit margin from continuing operations, FY 2013 and 3Q YTD 2014 operating pre-tax income and margin from continuing operations, FY 2013 and 3Q YTD 2014 operating net income and margin from continuing operations, FY 2013 and 3Q YTD 2014 operating (Non-GAAP) EPS from continuing operations and 3Q YTD free cash flow see Non-GAAP Supplemental Materials and related information in the Form 8-K submitted to the SEC on October 20, 2014 and Form 10-Q filed with the SEC on October 28, 2014. For reconciliation to GAAP and other information about FY 2013 free cash flow see Non-GAAP Supplementary Materials and related information in the Form 8-K submitted to the SEC on January 21, 2014.

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