INTERNATIONAL BUSINESS MACHINES CORP

IBM
Computer and office equipment
Last filing · Quarter 3 · Sep 30, 2026
Financial Statements Ratios
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Statement
Income StatementBalance SheetCash Flow
Period
Annual Quarterly
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INTERNATIONAL BUSINESS MACHINES CORP back to 2009, every line as filed.

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USD ($)
$ in Millions 		Sep 30, 2026Jun 30, 2026Mar 31, 2026Sep 30, 2025Jun 30, 2025Mar 31, 2025Sep 30, 2024Jun 30, 2024Mar 31, 2024Sep 30, 2023Jun 30, 2023Mar 31, 2023Sep 30, 2022Jun 30, 2022Mar 31, 2022Sep 30, 2021Jun 30, 2021Mar 31, 2021Sep 30, 2020Jun 30, 2020Mar 31, 2020Sep 30, 2019Jun 30, 2019Mar 31, 2019Sep 30, 2018Jun 30, 2018Mar 31, 2018Sep 30, 2017Jun 30, 2017Mar 31, 2017Sep 30, 2016Jun 30, 2016Mar 31, 2016Sep 30, 2015Jun 30, 2015Mar 31, 2015Sep 30, 2014Jun 30, 2014Mar 31, 2014Sep 30, 2013Jun 30, 2013Mar 31, 2013Sep 30, 2012Jun 30, 2012Mar 31, 2012Sep 30, 2011Jun 30, 2011Mar 31, 2011Sep 30, 2010Jun 30, 2010Mar 31, 2010Sep 30, 2009Jun 30, 2009
Cash flows from operating activities:
                                                     
Net income
$ 2,190
$ 2,165
$ 1,216
$ 1,744
$ 2,194
$ 1,055
$ (330)
$ 1,834
$ 1,605
$ 1,704
$ 1,583
$ 927
Adjustments to reconcile net income to cash provided by operating activities:
                                                     
Pension settlement charge
-
-
-
-
-
-
27
-
-
-
-
-
Depreciation
550
533
555
584
578
536
563
548
533
521
520
527
Amortization of capitalized software and acquired intangible assets
828
816
719
699
687
641
705
607
598
572
557
547
Stock-based compensation
535
498
506
443
441
401
330
316
320
287
288
268
Net (gain)/loss on divestitures, asset sales and other
(46)
(67)
(11)
(6)
(18)
(22)
(352)
(27)
(253)
24
(58)
(55)
Loss on Microelectronics business disposal
-
-
-
-
-
-
-
-
-
-
-
-
Changes in operating assets and liabilities, net of acquisitions/divestitures
(32)
(1,349)
2,185
(383)
(2,180)
1,759
(759)
(1,213)
1,365
(51)
(251)
1,559
Net cash provided by operating activities
4,025
2,597
5,169
3,082
1,701
4,370
2,881
2,066
4,168
3,056
2,638
3,774
Cash flows from investing activities:
                                                     
Payments for property, plant and equipment
(332)
(229)
(232)
(255)
(210)
(244)
(286)
(220)
(239)
(281)
(364)
(300)
Proceeds from disposition of property, plant and equipment/other
29
23
8
7
37
74
479
45
12
112
14
11
Investment in software
(154)
(154)
(159)
(162)
(163)
(151)
(138)
(224)
(134)
(112)
(137)
(168)
Divestiture of businesses, net of cash transferred
29
-
1
-
-
(1)
2
-
703
(10)
6
-
Non-operating finance receivables - net
-
-
-
-
-
-
-
-
-
-
-
-
Purchases of marketable securities and other investments
(1,898)
(1,259)
(1,612)
(1,170)
(1,254)
(6,486)
(905)
(662)
(4,934)
(1,114)
(729)
(8,531)
Proceeds from disposition of marketable securities and other investments
640
1,152
1,971
1,200
4,035
927
1,774
3,453
464
4,042
1,550
1,050
Acquisition of businesses, net of cash acquired
(884)
(15)
(10,465)
(58)
(747)
(7,098)
(2,513)
(153)
(82)
(4,589)
(334)
(22)
Net cash provided by/(used in) investing activities
(2,569)
(481)
(10,489)
(438)
1,698
(12,979)
(1,587)
2,239
(4,210)
(1,953)
7
(7,960)
Cash flows from financing activities:
                                                     
Proceeds from new debt
1,978
-
7,437
6
7
8,378
-
219
5,486
154
-
9,432
Payments to settle debt
(120)
(4,213)
(2,928)
(1,114)
(1,308)
(1,257)
(1,267)
(3,118)
(2,106)
(1,713)
(1,135)
(2,125)
Short-term borrowings/(repayments) less than 90 days — net
3
-
0
-
-
(29)
9
(1)
1
9
-
(3)
Common stock repurchases
-
-
-
-
-
-
-
-
-
-
-
-
Common stock repurchases for tax withholdings
(352)
(115)
(350)
(414)
(153)
(284)
(189)
(151)
(199)
(98)
(144)
(96)
Proceeds from issuance of shares
144
240
178
134
185
216
-
-
-
-
-
-
Noncontrolling interest transactions
557
-
-
-
-
-
-
-
-
-
-
-
Financing — other
(7)
(49)
(42)
(55)
(22)
(32)
224
73
216
30
59
(3)
Cash dividends paid
(1,596)
(1,590)
(1,576)
(1,569)
(1,563)
(1,549)
(1,543)
(1,536)
(1,522)
(1,515)
(1,510)
(1,497)
Net cash provided by/(used in) financing activities
606
(5,727)
2,719
(3,012)
(2,854)
5,443
(2,765)
(4,515)
1,877
(3,132)
(2,730)
5,708
Effect of exchange rate changes on cash and cash equivalents
-
-
-
-
-
-
-
-
-
-
-
-
Net change in cash and cash equivalents
-
-
-
-
-
-
-
-
-
-
-
-
Effect of exchange rate changes on cash, cash equivalents and restricted cash
2
(34)
(177)
(58)
320
167
207
(77)
(159)
(119)
(25)
24
Net change in cash, cash equivalents and restricted cash
$ 2,064
$ (3,646)
$ (2,777)
$ (427)
$ 865
$ (2,999)
$ (1,264)
$ (287)
$ 1,676
$ (2,149)
$ (111)
$ 1,547