Market Summary
USD147.78-2.05
Delayedas of 21 Sep 2023, 03:48 pm-1.37%
IBM Stock Price
IBM RSI Chart
IBM Valuation
IBM Price/Sales (Trailing)
IBM Profitability
IBM Fundamentals
IBM Revenue
IBM Earnings
Price Action
52 Week Range
112.80151.93
(Low)(High)
Last 7 days
2.2%
Last 30 days
5.3%
Last 90 days
14.2%
Trailing 12 Months
21.5%
IBM Financial Health
IBM Investor Care
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Net sales
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Latest Insider Trading transactions for IBM
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-08-18 | LAMOREAUX NICKLE JACLYN | acquired | - | - | 4,168 | senior vice president |
2023-08-18 | LAMOREAUX NICKLE JACLYN | sold (taxes) | -299,838 | 140 | -2,129 | senior vice president |
2023-06-08 | Rosamilia Thomas W | acquired | - | - | 8,471 | senior vice president |
2023-06-08 | Fehring Nicolas A. | acquired | - | - | 1,038 | vp, controller |
2023-06-08 | KAVANAUGH JAMES J | acquired | - | - | 10,851 | sr. vp and cfo |
2023-06-08 | BROWDY MICHELLE H | acquired | - | - | 6,202 | senior vice president |
2023-06-08 | KAVANAUGH JAMES J | sold (taxes) | -734,183 | 134 | -5,439 | sr. vp and cfo |
2023-06-08 | Rosamilia Thomas W | sold (taxes) | -568,017 | 134 | -4,208 | senior vice president |
2023-06-08 | LAMOREAUX NICKLE JACLYN | acquired | - | - | 1,900 | senior vice president |
2023-06-08 | Fehring Nicolas A. | sold (taxes) | -50,214 | 134 | -372 | vp, controller |
Which funds bought or sold IBM recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-19 | BIRMINGHAM CAPITAL MANAGEMENT CO INC/AL | reduced | -9.28 | -348,525 | 4,361,640 | 1.83% |
2023-09-18 | WASHINGTON CAPITAL MANAGEMENT, INC | unchanged | - | 18,523 | 911,246 | 0.78% |
2023-09-15 | CJM Wealth Advisers, Ltd. | added | 3.94 | 31,895 | 553,765 | 0.28% |
2023-09-13 | CGC Financial Services, LLC | new | - | 63,694 | 63,694 | 0.04% |
2023-09-12 | Prosperity Wealth Management, Inc. | new | - | 206,870 | 206,870 | 0.13% |
2023-09-12 | Farther Finance Advisors, LLC | added | 8.54 | 32,558 | 335,043 | 0.07% |
2023-09-08 | TUCKER ASSET MANAGEMENT LLC | reduced | -0.71 | 2,245 | 168,467 | 0.05% |
2023-09-07 | ST GERMAIN D J CO INC | new | - | 1,527,710 | 1,527,710 | 0.08% |
2023-09-07 | Strategic Financial Concepts, LLC | added | 3.4 | 13,284 | 252,680 | 0.09% |
2023-09-05 | Westshore Wealth, LLC | reduced | -19.65 | -85,055 | 388,049 | 0.20% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Schedule 13G FIlings of International Business Machines
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 09, 2023 | vanguard group inc | 8.86% | 80,144,196 | SC 13G/A | |
| Feb 03, 2023 | blackrock inc. | 8.0% | 72,337,762 | SC 13G/A | |
| Feb 14, 2022 | state street corp | 5.93% | 53,156,014 | SC 13G/A | |
| Feb 10, 2022 | vanguard group inc | 8.42% | 75,553,655 | SC 13G/A | |
| Feb 01, 2022 | blackrock inc. | 7.3% | 65,452,374 | SC 13G/A | |
| Feb 12, 2021 | state street corp | 5.83% | 51,957,682 | SC 13G | |
| Feb 10, 2021 | vanguard group inc | 8.28% | 73,806,391 | SC 13G/A | |
| Jan 29, 2021 | blackrock inc. | 7.0% | 62,271,273 | SC 13G/A | |
| Feb 13, 2020 | state street corp | 6.16% | 54,521,224 | SC 13G | |
| Feb 12, 2020 | vanguard group inc | 8.29% | 73,435,581 | SC 13G/A |
Recent SEC filings of International Business Machines
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Aug 22, 2023 | 4 | Insider Trading | |
| Aug 10, 2023 | 4 | Insider Trading | |
| Aug 10, 2023 | 4 | Insider Trading | |
| Aug 10, 2023 | 4 | Insider Trading | |
| Jul 31, 2023 | 8-K | Current Report | |
| Jul 25, 2023 | 10-Q | Quarterly Report | |
| Jul 20, 2023 | 8-K | Current Report | |
| Jul 19, 2023 | 8-K | Current Report | |
| Jul 05, 2023 | 4 | Insider Trading | |
| Jul 05, 2023 | 4 | Insider Trading |
Peers (Alternatives to International Business Machines)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
MA | 388.4B | 23.6B | 4.40% | 31.04% | 37.96 | 16.46 | 13.06% | 5.47% |
ACN | 200.1B | 63.6B | 3.36% | 17.75% | 27.93 | 3.15 | 6.65% | 8.08% |
IBM | 136.3B | 60.5B | 5.31% | 21.52% | 67.35 | 2.25 | 1.42% | -63.78% |
SQ | 28.9B | 19.7B | -17.36% | -22.61% | -106.75 | 1.47 | 20.89% | 45.06% |
BR | 21.8B | 6.1B | 3.69% | 14.98% | 34.55 | 3.59 | 6.16% | 16.97% |
| MID-CAP | ||||||||
DXC | 5.5B | 14.2B | 0.93% | -24.03% | 7.64 | 0.37 | -10.50% | -216.97% |
WU | 4.9B | 4.4B | 10.86% | -9.37% | 6.46 | 1.11 | -9.80% | -15.47% |
EEFT | 4.0B | 3.5B | -2.97% | -4.06% | 14.88 | 1.14 | 11.08% | 99.02% |
| SMALL-CAP | ||||||||
RPAY | 690.2B | 290.5M | -15.13% | -6.63% | -21.7K | 2.4K | 12.47% | -281.17% |
MARA | 1.6B | 174.0M | -15.93% | -9.45% | -3.27 | 9.3 | -11.83% | -104.94% |
UIS | 265.7M | 2.0B | -10.74% | -61.29% | -2.51 | 0.13 | 1.13% | -9.87% |
USIO | 44.3M | 77.8M | 1.82% | 23.53% | -26.04 | 0.57 | 15.15% | 49.72% |
UEPS | - | 528.0M | - | - | - | - | 137.17% | -115.54% |
International Business Machines News
Returns for IBM
Cumulative Returns on IBM
1.9%
10-Year Cumulative Returns
4.4%
7-Year Cumulative Returns
5.1%
5-Year Cumulative Returns
12.9%
3-Year Cumulative Returns
Risks for IBM
What is the probability of a big loss on IBM?
39.2%
Probability that International Business Machines stock will be more than 20% underwater in next one year
20.4%
Probability that International Business Machines stock will be more than 30% underwater in next one year.
0%
Probability that International Business Machines stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does IBM drawdown profile look like?
Y-axis is the maximum loss one would have experienced if International Business Machines was unfortunately bought at previous high price.
Drawdowns
Financials for International Business Machines
Income Statement (Last 12 Months)(In Millions)
| Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | -0.1% | 60,524 | 60,584 | 60,530 | 60,533 | 59,677 | 58,360 | 57,350 | 42,582 | 46,891 | 50,796 | 55,179 | 55,598 | 56,066 | 57,104 | 57,714 | 77,132 | 77,860 | 78,702 | 79,591 | 77,108 | 78,150 |
| Cost Of Revenue | -1.0% | 27,452 | 27,724 | 27,842 | 27,980 | 27,448 | 26,568 | 25,865 | 14,783 | 17,768 | 20,825 | 24,314 | 24,401 | 24,963 | 25,691 | 26,181 | 41,055 | 41,316 | 41,969 | 42,655 | 42,109 | 43,258 |
| Gross Profit | 0.6% | 33,072 | 32,861 | 32,687 | 32,556 | 32,232 | 31,794 | 31,486 | 27,798 | 29,122 | 29,970 | 30,865 | 31,197 | 31,103 | 31,413 | 31,533 | 36,076 | 36,543 | 36,732 | 36,936 | 34,999 | 34,892 |
| S&GA Expenses | 0.2% | 18,910 | 18,865 | 18,609 | 18,746 | 18,661 | 18,655 | 18,745 | 18,555 | 18,896 | 19,295 | 20,561 | 19,403 | 19,780 | 19,988 | 18,724 | 19,872 | 19,211 | 18,612 | 19,366 | 19,553 | 20,604 |
| R&D Expenses | 0.2% | 6,557 | 6,543 | 6,567 | 6,588 | 6,583 | 6,551 | 6,488 | 6,403 | 6,312 | 6,253 | 6,262 | 6,239 | 6,277 | 6,102 | 5,910 | 5,751 | 5,450 | 5,407 | 5,379 | 5,232 | 5,456 |
| EBITDA | -100.0% | - | 5,166 | 4,779 | 4,505 | 8,963 | 8,568 | 9,880 | 7,757 | 8,330 | 6,835 | 5,925 | 8,668 | 8,472 | 9,694 | 11,510 | 11,790 | 13,023 | 12,856 | 12,065 | 12,070 | 12,116 |
| EBITDA Margin | -100.0% | - | 0.09* | 0.08* | 0.07* | 0.14* | 0.16* | 0.17* | 0.15* | 0.16* | 0.09* | 0.08* | 0.12* | 0.11* | 0.13* | 0.15* | 0.15* | 0.17* | 0.16* | 0.15* | 0.15* | 0.15* |
| Interest Expenses | 9.9% | 1,398 | 1,272 | 1,216 | 1,206 | 1,201 | 1,185 | 1,155 | 1,168 | 1,201 | 1,243 | 1,288 | 1,326 | 1,435 | 1,460 | 1,344 | 1,183 | 942 | 767 | 723 | 705 | 676 |
| Earnings Before Taxes | 17.5% | 1,869 | 1,591 | 1,156 | 713 | 6,027 | 5,217 | 4,837 | 1,193 | 2,207 | 2,866 | 2,572 | 4,382 | 4,077 | 5,274 | 7,206 | 10,607 | 12,081 | 12,089 | 11,342 | 9,211 | 7,824 |
| EBT Margin | -100.0% | - | 0.03* | 0.02* | 0.01* | 0.07* | 0.07* | 0.08* | 0.05* | 0.06* | 0.08* | 0.06* | 0.10* | 0.09* | 0.11* | 0.13* | 0.14* | 0.16* | 0.15* | 0.14* | 0.14* | 0.14* |
| Net Income | 10.4% | 2,024 | 1,833 | 1,639 | 1,262 | 5,588 | 5,521 | 5,743 | 4,766 | 5,334 | 5,370 | 5,590 | 7,904 | 7,878 | 9,015 | 9,431 | 7,712 | 8,734 | 8,640 | 8,728 | 9,036 | 8,166 |
| Net Income Margin | -100.0% | - | 0.03* | 0.03* | 0.02* | 0.09* | 0.10* | 0.10* | 0.09* | 0.10* | 0.07* | 0.08* | 0.11* | 0.10* | 0.12* | 0.12* | 0.10* | 0.11* | 0.11* | 0.11* | 0.07* | 0.07* |
| Free Cashflow | -100.0% | - | 9,596 | 9,089 | 7,627 | 8,198 | 9,281 | 10,734 | 13,822 | 15,227 | 16,153 | 15,579 | 13,272 | 12,743 | 12,110 | 12,484 | 12,946 | 13,335 | 12,340 | 11,852 | 13,292 | 12,594 |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | ||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2017Q4 |
| Assets | -1.1% | 132,213 | 133,637 | 127,243 | 125,850 | 127,503 | 133,275 | 132,001 | 144,214 | 146,814 | 148,629 | 155,971 | 154,128 | 154,200 | 153,403 | 152,186 | 149,620 | 154,652 | 130,926 | 123,382 | 125,356 |
| Current Assets | -4.2% | 34,458 | 35,982 | 29,118 | 28,999 | 27,896 | 31,330 | 29,539 | 29,967 | 30,774 | 34,038 | 39,165 | 39,845 | 39,953 | 38,931 | 38,420 | 38,121 | 77,517 | 52,705 | 49,146 | - |
| Cash Equivalents | 0.6% | 9,394 | 9,337 | 7,886 | 7,816 | 7,254 | 10,219 | 6,957 | 7,806 | 7,565 | 10,673 | 13,675 | 14,553 | 12,188 | 11,371 | 8,314 | 10,225 | 45,534 | 17,272 | 11,604 | 12,234 |
| Inventory | -6.4% | 1,501 | 1,603 | 1,552 | 1,794 | 1,684 | 1,776 | 1,649 | 1,891 | 1,807 | 1,828 | 1,812 | 1,949 | 1,869 | 1,786 | 1,619 | 1,712 | 1,745 | 1,771 | 1,682 | - |
| Net PPE | 1.9% | 5,443 | 5,344 | 5,334 | 5,150 | 5,275 | 5,559 | 5,694 | 9,138 | 9,423 | 9,452 | 6,205 | 9,958 | 9,709 | 9,626 | 10,010 | 10,063 | 10,202 | 10,675 | 10,792 | - |
| Goodwill | 0.3% | 56,385 | 56,193 | 55,949 | 54,218 | 55,039 | 56,106 | 55,643 | 61,378 | 61,645 | 59,984 | 53,765 | 58,355 | 57,833 | 57,517 | 52,471 | 57,951 | 22,985 | 36,281 | 36,265 | 36,788 |
| Liabilities | -1.8% | 109,942 | 111,964 | 105,222 | 105,703 | 108,026 | 114,162 | 113,005 | 121,858 | 124,747 | 127,116 | 135,244 | 132,794 | 133,512 | 133,275 | 131,202 | 131,524 | 136,876 | 114,320 | 106,452 | - |
| Current Liabilities | 4.9% | 32,513 | 30,993 | 31,505 | 30,466 | 31,844 | 34,056 | 33,619 | 35,832 | 36,616 | 36,542 | 39,869 | 37,993 | 38,442 | 40,673 | 37,701 | 35,066 | 42,351 | 38,871 | 38,227 | - |
| Short Term Borrowings | 38.8% | 6,785 | 4,887 | 4,760 | 5,937 | 5,981 | 7,690 | 6,787 | 7,575 | 6,442 | 5,198 | 7,116 | 10,285 | 9,289 | 11,642 | 8,797 | 8,530 | 14,594 | - | 10,207 | - |
| Long Term Debt | - | - | - | - | - | - | - | 44,917 | - | - | - | 54,217 | - | - | - | 54,102 | - | - | - | 35,605 | - |
| LT Debt, Non Current | -5.8% | 50,691 | 53,826 | 46,189 | 44,942 | 44,328 | 46,545 | 44,917 | 46,926 | 48,735 | 51,206 | 54,355 | 55,129 | 55,449 | 52,685 | 54,102 | 57,797 | 58,445 | 39,727 | 35,605 | - |
| Shareholder's Equity | 2.4% | 22,201 | 21,672 | 21,944 | 20,076 | 19,476 | 19,112 | 18,996 | 22,357 | 22,067 | 21,513 | 20,727 | 21,334 | 20,688 | 20,128 | 20,985 | 18,096 | 17,776 | 16,607 | 16,929 | 17,725 |
| Retained Earnings | 0.0% | 149,318 | 149,253 | 149,825 | 148,611 | 153,298 | 153,401 | 154,209 | 161,747 | 162,086 | 162,218 | 162,717 | 162,806 | 162,559 | 162,626 | 162,954 | 160,709 | 160,467 | 159,396 | 159,206 | - |
| Accumulated Depreciation | -2.0% | 13,145 | 13,417 | 13,361 | 13,525 | 13,804 | 14,448 | 14,390 | 23,211 | 23,152 | 22,817 | 13,895 | 22,474 | 21,957 | 21,464 | 22,018 | 21,608 | 21,641 | 22,017 | 21,668 | - |
| Shares Outstanding | 0.3% | 910 | 908 | - | 904 | 902 | 899 | - | 897 | 895 | 894 | - | 891 | 927 | 925 | - | 923 | 923 | 927 | - | - |
| Minority Interest | 2.9% | 70.00 | 68.00 | 77.00 | 71.00 | 67.00 | 62.00 | 95.00 | 129 | 125 | 124 | 129 | 126 | 137 | 129 | 144 | 139 | 131 | 126 | 134 | - |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | 12.0% | 12,278 | 10,961 | 10,435 | 9,014 | 9,826 | 11,130 | 12,796 | 16,112 | 17,684 | 18,635 | 18,197 | 15,788 | 15,122 | 14,487 | 14,770 | 15,438 | 16,051 | 15,404 | 15,247 | 14,837 | 13,792 |
| Share Based Compensation | 3.3% | 1,055 | 1,021 | 987 | 1,002 | 1,013 | 1,003 | 982 | 998 | 958 | 961 | 937 | 869 | 867 | 755 | 679 | 607 | 516 | 508 | 510 | 516 | 484 |
| Cashflow From Investing | -1.5% | -10,969 | -10,804 | -4,202 | -3,558 | -2,490 | -5,333 | -5,975 | -5,858 | -5,561 | -4,126 | -3,028 | -2,342 | -32,383 | -26,985 | -26,936 | -26,609 | 795 | -4,002 | -4,913 | -7,157 | -4,798 |
| Cashflow From Financing | 233.8% | 839 | -627 | -4,958 | -4,798 | -7,259 | -6,194 | -13,354 | -16,955 | -16,896 | -15,389 | -9,721 | -9,103 | -15,591 | 7,064 | 9,042 | 10,112 | 17,853 | -5,697 | -10,469 | -7,818 | -10,856 |
| Dividend Payments | 0.4% | 5,992 | 5,970 | 5,948 | 5,928 | 5,908 | 5,887 | 5,869 | 5,849 | 5,831 | 5,814 | 5,797 | 5,781 | 5,764 | 5,750 | 5,707 | 5,685 | 5,680 | 5,681 | 5,666 | 5,667 | 5,638 |
| Buy Backs | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,361 | 3,411 | 3,912 | 4,586 | 4,443 | 3,191 | 3,534 |
IBM Income Statement
2023-06-30CONSOLIDATED INCOME STATEMENT - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | |||||
|---|---|---|---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | ||||
| Revenue | $ 15,475 | $ 15,535 | $ 29,727 | $ 29,732 | |||
| Cost | 6,974 | 7,246 | 13,717 | 14,107 | |||
| Gross profit | 8,501 | 8,290 | 16,010 | 15,625 | |||
| Expense and other (income): | |||||||
| Selling, general and administrative | 4,900 | 4,855 | 9,754 | 9,452 | |||
| Research, development and engineering | 1,687 | 1,673 | 3,342 | 3,352 | |||
| Intellectual property and custom development income | (248) | (176) | (428) | (297) | |||
| Other (income) and expense | (261) | (81) | (506) | 166 | |||
| Interest expense | 423 | 297 | 790 | 607 | |||
| Total expense and other (income) | 6,501 | 6,568 | 12,952 | 13,280 | |||
| Income from continuing operations before income taxes | 2,000 | 1,722 | 3,058 | 2,345 | |||
| Provision for income taxes | 419 | 257 | 543 | 218 | |||
| Income from continuing operations | 1,581 | 1,465 | 2,515 | 2,127 | |||
| Income/(loss) from discontinued operations, net of tax | 2 | (73) | (4) | (2) | |||
| Net income | $ 1,583 | $ 1,392 | $ 2,511 | $ 2,125 | [1] | ||
| Assuming dilution: | |||||||
| Continuing operations (in dollars per share) | $ 1.72 | $ 1.61 | $ 2.74 | $ 2.34 | |||
| Discontinued operations (in dollars per share) | 0.00 | (0.08) | 0.00 | 0.00 | |||
| Total (in dollars per share) | 1.72 | 1.53 | 2.73 | 2.34 | |||
| Basic: | |||||||
| Continuing operations (in dollars per share) | 1.74 | 1.62 | 2.77 | 2.36 | |||
| Discontinued operations (in dollars per share) | 0.00 | (0.08) | 0.00 | 0.00 | |||
| Total (in dollars per share) | $ 1.74 | $ 1.54 | $ 2.76 | $ 2.36 | |||
| Weighted-average number of common shares outstanding: | |||||||
| Assuming dilution (in shares) | 919,452,496 | 910,749,734 | 918,648,888 | 909,987,935 | |||
| Basic (in shares) | 909,855,943 | 901,470,793 | 908,691,415 | 900,393,410 | |||
| Services | |||||||
| Revenue | $ 7,553 | $ 7,640 | $ 15,077 | $ 15,343 | |||
| Cost | 5,294 | 5,399 | 10,604 | 10,747 | |||
| Sales | |||||||
| Revenue | 7,739 | 7,748 | 14,271 | 14,087 | |||
| Cost | 1,587 | 1,750 | 2,910 | 3,165 | |||
| Financing | |||||||
| Revenue | 183 | 147 | 380 | 303 | |||
| Cost | $ 93 | $ 96 | $ 203 | $ 194 | |||
| |||||||
IBM Balance Sheet
2023-06-30CONSOLIDATED BALANCE SHEET - USD ($) $ in Millions | Jun. 30, 2023 | Dec. 31, 2022 |
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $ 9,394 | $ 7,886 |
| Restricted cash | 31 | 103 |
| Marketable securities | 6,904 | 852 |
| Notes and accounts receivable — trade (net of allowances of $217 in 2023 and $233 in 2022) | 5,673 | 6,541 |
| Short-term financing receivables: | ||
| Held for investment (net of allowances of $143 in 2023 and $145 in 2022) | 5,564 | 6,851 |
| Held for sale | 865 | 939 |
| Other accounts receivable (net of allowances of $108 in 2023 and $89 in 2022) | 838 | 817 |
| Inventory, at lower of average cost or net realizable value: | ||
| Finished goods | 174 | 158 |
| Work in process and raw materials | 1,327 | 1,394 |
| Total inventory | 1,501 | 1,552 |
| Deferred costs | 957 | 967 |
| Prepaid expenses and other current assets | 2,730 | 2,611 |
| Total current assets | 34,458 | 29,118 |
| Property, plant and equipment | 18,588 | 18,695 |
| Less: Accumulated depreciation | 13,145 | 13,361 |
| Property, plant and equipment — net | 5,443 | 5,334 |
| Operating right-of-use assets — net | 2,653 | 2,878 |
| Long-term financing receivables (net of allowances of $28 in 2023 and $28 in 2022) | 5,221 | 5,806 |
| Prepaid pension assets | 8,735 | 8,236 |
| Deferred costs | 897 | 866 |
| Deferred taxes | 6,340 | 6,256 |
| Goodwill | 56,385 | 55,949 |
| Intangible assets — net | 10,496 | 11,184 |
| Investments and sundry assets | 1,585 | 1,617 |
| Total assets | 132,213 | 127,243 |
| Current liabilities: | ||
| Taxes | 1,606 | 2,196 |
| Short-term debt | 6,785 | 4,760 |
| Accounts payable | 3,732 | 4,051 |
| Compensation and benefits | 3,185 | 3,481 |
| Deferred income | 12,712 | 12,032 |
| Operating lease liabilities | 842 | 874 |
| Other accrued expenses and liabilities | 3,651 | 4,111 |
| Total current liabilities | 32,513 | 31,505 |
| Long-term debt | 50,691 | 46,189 |
| Retirement and nonpension postretirement benefit obligations | 9,385 | 9,596 |
| Deferred income | 3,264 | 3,499 |
| Operating lease liabilities | 1,986 | 2,190 |
| Other liabilities | 12,103 | 12,243 |
| Total liabilities | 109,942 | 105,222 |
| IBM stockholders’ equity: | ||
| Common stock | 58,963 | 58,343 |
| Retained earnings | 149,318 | 149,825 |
| Treasury stock | (169,581) | (169,484) |
| Accumulated other comprehensive income/(loss) | (16,499) | (16,740) |
| Total IBM stockholders’ equity | 22,201 | 21,944 |
| Noncontrolling interests | 70 | 77 |
| Total equity | 22,271 | 22,021 |
| Total liabilities and equity | $ 132,213 | $ 127,243 |
International Business Machines Corporation provides integrated solutions and services worldwide. The company operates through four business segments: Software, Consulting, Infrastructure, and Financing. The Software segment offers hybrid cloud platform and software solutions, such as Red Hat, an enterprise open-source solutions; software for business automation, AIOps and management, integration, and application servers; data and artificial intelligence solutions; and security software and services for threat, data, and identity. This segment also provides transaction processing software that supports clients' mission-critical and on-premise workloads in banking, airlines, and retail industries. The Consulting segment offers business transformation services, including strategy, business process design and operations, data and analytics, and system integration services; technology consulting services; and application and cloud platform services. The Infrastructure segment provides on-premises and cloud-based server and storage solutions for its clients' mission-critical and regulated workloads; and support services and solutions for hybrid cloud infrastructure, as well as remanufacturing and remarketing services for used equipment. The Financing segment offers lease, installment payment, loan financing, and short-term working capital financing services. The company was formerly known as Computing-Tabulating-Recording Co. International Business Machines Corporation was incorporated in 1911 and is headquartered in Armonk, New York.