← INTERNATIONAL BUSINESS MACHINES CORP

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 TTM
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income (Loss) Attributable to Parent $11.9b
$5.8b -51.54%
$8.7b +51.71%
$9.4b +8.05%
$5.6b -40.73%
$5.7b +2.74%
$1.6b -71.46%
$7.5b +357.72%
$6.0b -19.71%
$10.6b +75.88%
—
Amortization of Debt Issuance Costs $576.0m — — — — — — — — — —
Amortization of Intangible Assets $1.5b $1.5b $1.4b $1.9b $2.5b $2.5b $2.4b $2.3b $2.5b $2.7b —
Amortization of capitalized software and acquired intangible assets $1.5b $1.5b $1.4b $1.9b $2.5b $2.5b $2.4b $2.3b $2.5b $2.7b —
Depreciation $2.8b $3.0b $3.1b $4.2b $4.2b $3.9b $2.4b $2.1b $2.2b $2.3b $2.3b
Deferred Income Tax Expense (Benefit) ($1.1b) ($931.0m) $853.0m ($1.5b) ($3.2b) ($2.0b) ($2.7b) ($1.1b) ($2.3b) ($957.0m) ($957.0m)
Deferred taxes ($1.1b) ($931.0m) $853.0m ($1.5b) ($3.2b) ($2.0b) ($2.7b) ($1.1b) ($2.3b) ($957.0m) —
Payment, Tax Withholding, Share-based Payment Arrangement $126.0m $193.0m $171.0m $272.0m $302.0m $319.0m $407.0m $402.0m $651.0m $1.0b —
Share-based Payment Arrangement, Expense $544.0m $534.0m $510.0m $679.0m $937.0m $919.0m $987.0m $1.1b $1.3b $1.7b $1.9b
Share-based Payment Arrangement, Noncash Expense $544.0m $534.0m $510.0m $679.0m $937.0m $982.0m $987.0m $1.1b $1.3b $1.7b $1.9b
Stock-based compensation $544.0m $534.0m $510.0m $679.0m $937.0m $982.0m $987.0m $1.1b $1.3b $1.7b $1.9b
Goodwill, Impairment Loss $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 —
Impairment of Intangible Assets, Finite-lived $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 —
Other Nonoperating Income (Expense) — — — — — — $443.0m $266.0m $877.0m $221.0m —
Changes in operating assets and liabilities:
Receivables (including financing receivables) $712.0m $1.3b $1.0b $502.0m $5.3b $1.4b ($539.0m) $725.0m ($374.0m) ($4.3b) —
Increase (Decrease) in Inventories $14.0m ($18.0m) $127.0m ($67.0m) $209.0m ($138.0m) ($71.0m) ($390.0m) $166.0m ($70.0m) $70.0m
Inventory ($14.0m) $18.0m ($127.0m) $67.0m ($209.0m) $138.0m $71.0m $390.0m ($166.0m) $70.0m $70.0m
Accounts payable $197.0m $47.0m $126.0m ($503.0m) $138.0m $85.0m $213.0m $65.0m ($13.0m) $624.0m $624.0m
Purchases of property and equipment, accrued but unpaid $3.6b $3.2b $3.4b $2.3b $2.6b $2.1b $1.3b $1.2b $1.0b $1.1b ($1.7b)
Other assets/other liabilities $282.0m $4.4b ($1.8b) $858.0m $2.1b ($671.0m) ($115.0m) $1.5b $1.6b $495.0m —
Net Cash Provided by (Used in) Operating Activities $17.0b
$16.7b -1.38%
$15.2b -8.83%
$14.8b -3.13%
$18.2b +23.20%
$12.8b -29.68%
$10.4b -18.45%
$13.9b +33.50%
$13.4b -3.49%
$13.2b -1.87%
$14.9b +12.85%
Cash flows from investing activities:
Payments for property, plant and equipment $424.0m $460.0m $248.0m $537.0m $188.0m $387.0m $111.0m $321.0m $557.0m $121.0m —
Payments to Acquire Property, Plant, and Equipment $3.6b $3.2b $3.4b $2.3b $2.6b $2.1b $1.3b $1.2b $1.0b $1.1b ($1.7b)
Proceeds from disposition of marketable securities and other investments $5.7b $3.9b $6.5b $4.0b $5.6b $3.1b $4.7b $10.6b $6.5b $9.7b —
Payments to Acquire Investments $5.9b $5.0b $7.0b $3.7b $6.2b $3.6b $5.9b $11.1b $7.8b $10.1b ($5.2b)
Purchases of marketable securities and other investments ($5.9b) ($5.0b) ($7.0b) ($3.7b) ($6.2b) ($3.6b) ($5.9b) ($11.1b) ($7.8b) ($10.1b) —
Net (gain)/loss on divestitures, asset sales and other — — — — — — ($363.0m) ($170.0m) ($652.0m) ($39.0m) —
Payments to Acquire Businesses, Net of Cash Acquired $5.7b $496.0m $139.0m $32.6b $336.0m $3.3b $2.3b $5.1b $3.3b $8.3b ($10.9b)
Divestiture of businesses, net of cash transferred ($454.0m) ($205.0m) — $1.1b $503.0m $114.0m $1.3b ($4.0m) $698.0m ($1.0m) —
Net Cash Provided by (Used in) Investing Activities ($11.0b) ($7.1b) ($4.9b) ($26.9b) ($3.0b) ($6.0b) ($4.2b) ($7.1b) ($4.9b) ($10.3b) ($10.0b)
Cash flows from financing activities:
Debt and Equity Securities, Realized Gain (Loss) — — — — — — ($278.0m) $39.0m $20.0m ($7.0m) —
Short-term borrowings/(repayments) less than 90 days—net $26.0m $620.0m $1.3b ($2.6b) ($853.0m) ($40.0m) $217.0m ($7.0m) $30.0m ($29.0m) —
Proceeds from new debt $9.1b $9.6b $6.9b $31.8b $10.5b $522.0m $7.8b $9.6b $5.7b $8.4b —
Payments to settle debt ($6.4b) ($6.8b) ($8.5b) ($12.9b) ($13.4b) ($8.6b) ($6.8b) ($5.1b) ($6.6b) ($5.5b) —
Common stock repurchases for tax withholdings ($126.0m) ($193.0m) ($171.0m) ($272.0m) ($302.0m) ($319.0m) ($407.0m) ($402.0m) ($651.0m) ($1.0b) —
Payments for Repurchase of Common Stock $3.5b $4.3b $4.4b $1.4b — — — — — — —
Payments of Ordinary Dividends, Common Stock $5k $6k $6k $6k $6k $6k $6k $6k $6k $6k ($6.3b)
Cash dividends paid ($5k) ($6k) ($6k) ($6k) ($6k) ($6k) ($6k) ($6k) ($6k) ($6k) ($6.3b)
Financing—other $204.0m $175.0m $111.0m $99.0m $92.0m $70.0m $176.0m $176.0m ($145.0m) ($139.0m) —
Proceeds from (Payments for) Other Financing Activities — — $111.0m $99.0m $92.0m $70.0m $176.0m $176.0m ($145.0m) ($139.0m) —
Net Cash Provided by (Used in) Financing Activities ($5.8b)
($6.4b) -10.83%
($10.5b) -63.12%
$9.0b +186.37%
($9.7b) -207.51%
($13.4b) -37.37%
($5.0b) +62.87%
($1.8b) +64.32%
($7.1b) -300.17%
($3.8b) +45.91%
($9.4b) -146.17%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — — ($630.0m) ($3.3b) $5.4b ($6.7b) $1.0b $5.1b $1.1b ($520.0m) $7.5b
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — ($495.0m) ($167.0m) ($87.0m) ($185.0m) ($244.0m) $9.0m ($359.0m) $418.0m ($280.0m)
Effect of exchange rate changes on cash, cash equivalents and restricted cash ($51.0m) $937.0m ($495.0m) ($167.0m) ($87.0m) ($185.0m) ($244.0m) $9.0m ($359.0m) $418.0m ($280.0m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — $11.6b $8.3b $13.7b $7.0b $8.0b $13.1b $14.2b $13.6b $7.5b
Cash, cash equivalents and restricted cash at January 1 $8.1b $12.2b $11.6b $8.3b $13.7b $7.0b $8.0b $13.1b $14.2b $13.6b —
Net change in cash, cash equivalents and restricted cash $188.0m $4.2b ($630.0m) ($3.3b) $5.4b ($6.7b) $1.0b $5.1b $1.1b ($520.0m) —
Additional Supplementary Disclosures
Additional Supplementary Disclosures
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent — $5.8b $8.7b $9.4b $5.5b $4.7b $1.8b $7.5b $6.0b $10.6b —
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest $11.9b — — — — — — — — — —
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent — ($5.0m) $5.0m ($4.0m) $89.0m $1.0b ($143.0m) ($12.0m) $8.0m $22.0m —
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest ($9.0m) — — — — — — — — — —
Income Tax Expense (Benefit) $449.0m $5.6b $2.6b $731.0m ($864.0m) $124.0m ($626.0m) $1.2b ($218.0m) ($242.0m) —
Operating Lease, Lease Income — — — $324.0m $260.0m $169.0m $116.0m $93.0m $60.0m $43.0m —
Additional Financial Items
Noncash investing and financing activities:
Equity Securities, FV-NI, Unrealized Gain (Loss) — — — — — $126.0m — — — — —
Foreign Currency Transaction Gain (Loss), before Tax — — — — — — $643.0m ($116.0m) $458.0m ($993.0m) —
Goodwill $36.2b $36.8b $36.3b $58.2b $59.6b $55.6b $55.9b $60.2b $60.7b $67.7b —
Investment in software ($583.0m) ($544.0m) ($569.0m) ($621.0m) ($612.0m) ($706.0m) ($626.0m) ($565.0m) ($637.0m) ($647.0m) —
Pension settlement charges — — — — — $0 $5.9b $0 $3.1b $0 —
Proceeds from Stock Options Exercised — — — — — — — $51.0m $317.0m $233.0m —
Proceeds from issuance of shares $204.0m $175.0m — — — — $279.0m $414.0m $745.0m $710.0m —
Retirement related $54.0m $1.0b $1.4b $301.0m $936.0m $1.0b $331.0m ($462.0m) $265.0m ($50.0m) —
Sales-type Lease, Selling Profit (Loss) — — — $918.0m $917.0m $1.1b $1.3b $1.0b $689.0m $1.7b —
Unrealized Gain (Loss) on Derivatives — — — — — — ($225.0m) $17.0m — — —
Derivative, Gain (Loss) on Derivative, Net ($18.0m) $153.0m ($327.0m) $302.0m $220.0m $150.0m ($1.2b) ($140.0m) ($504.0m) $362.0m —
Gain (Loss) on Derivative Instruments, Net, Pretax — — — — — — — — ($515.0m) $641.0m —
Acquisition of businesses, net of cash acquired ($5.7b) ($496.0m) ($139.0m) ($32.6b) ($336.0m) ($3.3b) ($2.3b) ($5.1b) ($3.3b) ($8.3b) —
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities $1.2b $1.2b $1.4b $1.7b $1.8b $1.5b $1.4b $1.7b $2.0b $2.0b —
Income Taxes Paid, Net $1.1b $1.6b $1.7b $2.1b $2.3b $2.1b $1.9b $1.6b $1.7b $1.9b —

Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.