IBM - International Business Machines Corporation
Price:
--
--
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CONSENSUS:
Hold
DETAILS
|
PRICE TARGET:
$308.86
DETAILS
HIGH:
$360.00
LOW:
$210.00
MEDIAN:
$325.00
CONSENSUS:
$308.86
UPSIDE:
1.04%
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||
| Revenue | 62,753.0 | 61,860.0 | 60,530.0 | 57,351.0 | 55,179.0 | 57,714.0 | 79,591.0 | 79,139.0 | 79,920.0 | 81,742.0 |
| Cost of Revenue | 27,201.0 | 27,560.0 | 27,842.0 | 25,865.0 | 24,314.0 | 26,181.0 | 42,655.0 | 42,196.0 | 41,403.0 | 41,057.0 |
| Gross Profit | 35,551.0 | 34,300.0 | 32,687.0 | 31,486.0 | 30,865.0 | 31,533.0 | 36,936.0 | 36,943.0 | 38,516.0 | 40,684.0 |
| Operating Expenses | ||||||||||
| R&D Expenses | 7,479.0 | 6,775.0 | 6,567.0 | 6,488.0 | 6,262.0 | 5,910.0 | 5,379.0 | 5,590.0 | 5,726.0 | 5,247.0 |
| SG&A Expenses | 17,910.0 | 17,559.0 | 18,609.0 | 18,745.0 | 20,561.0 | 18,724.0 | 19,366.0 | 19,680.0 | 20,279.0 | 19,894.0 |
| Other Expenses | 89.0 | 145.0 | (662.0) | (612.0) | (620.0) | (639.0) | (1,026.0) | (1,466.0) | (1,127.0) | (377.0) |
| Operating Expenses | 25,478.0 | 24,479.0 | 24,514.0 | 24,621.0 | 26,203.0 | 23,995.0 | 23,719.0 | 23,804.0 | 24,878.0 | 24,764.0 |
| Operating Income | ||||||||||
| Operating Income | 10,074.0 | 9,821.0 | 8,174.0 | 6,865.0 | 4,662.0 | 7,538.0 | 13,217.0 | 13,139.0 | 14,677.0 | 16,508.0 |
| Interest Expense | 1,712.0 | 1,607.0 | 1,216.0 | 1,155.0 | 1,288.0 | 1,022.0 | 686.0 | 663.0 | 630.0 | 468.0 |
| Interest Income | 747.0 | 670.0 | 162.0 | 52.0 | 105.0 | 349.0 | 264.0 | 144.0 | 108.0 | 108.0 |
| Profitability | ||||||||||
| EBITDA | 12,176.0 | 14,693.0 | 7,174.0 | 12,409.0 | 10,555.0 | 14,609.0 | 16,545.0 | 16,556.0 | 17,341.0 | 20,268.0 |
| EBIT | 7,509.0 | 10,297.0 | 2,372.0 | 5,992.0 | 3,860.0 | 8,550.0 | 12,065.0 | 12,015.0 | 12,960.0 | 16,413.0 |
| Income Before Tax | 5,797.0 | 8,690.0 | 1,156.0 | 4,837.0 | 2,572.0 | 7,206.0 | 11,342.0 | 11,400.0 | 12,330.0 | 15,945.0 |
| Income Tax Expense | (218.0) | 1,176.0 | (626.0) | 124.0 | (1,360.0) | 60.0 | 2,619.0 | 5,642.0 | 449.0 | 2,581.0 |
| Net Income | 6,023.0 | 7,502.0 | 1,640.0 | 5,742.0 | 5,590.0 | 9,431.0 | 8,728.0 | 5,753.0 | 11,872.0 | 13,190.0 |
| Per Share Data | ||||||||||
| EPS (Basic) | 6.53 | 8.23 | 1.82 | 6.41 | 6.28 | 10.63 | 9.57 | 6.17 | 12.43 | 13.48 |
| EPS (Diluted) | 6.43 | 8.14 | 1.80 | 6.35 | 6.23 | 10.56 | 9.53 | 6.14 | 12.38 | 13.42 |
| Shares Outstanding | 937.2 | 911.2 | 902.7 | 896.0 | 890.3 | 887.2 | 912.0 | 932.8 | 955.4 | 978.7 |
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 13,947.0 | 13,068.0 | 7,886.0 | 6,650.0 | 13,212.0 | 8,172.0 | 11,379.0 | 11,972.0 | 7,826.0 | 7,686.0 |
| Short-Term Investments | 644.0 | 373.0 | 852.0 | 600.0 | 600.0 | 696.0 | 618.0 | 608.0 | 701.0 | 508.0 |
| Net Receivables | 14,010.0 | 13,956.0 | 7,005.0 | 7,225.0 | 6,215.0 | 8,362.0 | 7,902.0 | 32,101.0 | 29,245.0 | 28,554.0 |
| Inventory | 1,289.0 | 1,161.0 | 1,552.0 | 1,649.0 | 1,839.0 | 1,619.0 | 1,682.0 | 1,583.0 | 1,553.0 | 1,551.0 |
| Other Current Assets | 4,592.0 | 4,350.0 | 9,947.0 | 11,585.0 | 15,720.0 | 18,111.0 | 26,042.0 | 2,268.0 | (1.0) | 0.0 |
| Total Current Assets | 34,482.0 | 32,908.0 | 29,118.0 | 29,539.0 | 39,165.0 | 38,420.0 | 49,146.0 | 49,735.0 | 43,888.0 | 42,504.0 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 8,929.0 | 8,721.0 | 8,212.0 | 8,916.0 | 9,770.0 | 15,006.0 | 10,792.0 | 11,116.0 | 10,830.0 | 10,727.0 |
| Goodwill | 60,706.0 | 60,178.0 | 55,949.0 | 55,643.0 | 53,765.0 | 58,222.0 | 36,265.0 | 36,788.0 | 36,199.0 | 32,021.0 |
| Intangible Assets | 10,661.0 | 11,036.0 | 11,184.0 | 12,511.0 | 13,739.0 | 15,236.0 | 3,088.0 | 3,741.0 | 4,689.0 | 3,487.0 |
| Long-Term Investments | 1,691.0 | 1,589.0 | 1,617.0 | 1,823.0 | 216.0 | 222.0 | 226.0 | 4,919.0 | 4,585.0 | 5,187.0 |
| Other Non-Current Assets | 13,729.0 | 14,153.0 | 14,908.0 | 16,199.0 | 30,912.0 | 19,899.0 | 18,649.0 | 14,193.0 | 12,055.0 | 11,747.0 |
| Total Non-Current Assets | 102,694.0 | 102,333.0 | 98,126.0 | 102,462.0 | 116,806.0 | 113,766.0 | 74,237.0 | 75,621.0 | 73,581.0 | 67,991.0 |
| Total Assets | 137,175.0 | 135,241.0 | 127,243.0 | 132,001.0 | 155,971.0 | 152,186.0 | 123,382.0 | 125,356.0 | 117,470.0 | 110,495.0 |
| Current Liabilities | ||||||||||
| Account Payables | 4,032.0 | 4,132.0 | 4,051.0 | 3,955.0 | 4,033.0 | 4,896.0 | 6,558.0 | 6,451.0 | 6,209.0 | 6,028.0 |
| Short-Term Debt | 5,089.0 | 6,426.0 | 4,760.0 | 6,786.0 | 7,116.0 | 8,797.0 | 10,207.0 | 6,986.0 | 7,513.0 | 6,461.0 |
| Deferred Revenue | 13,907.0 | 13,451.0 | 12,032.0 | 12,518.0 | 11,980.0 | 12,026.0 | 11,165.0 | 11,552.0 | 11,035.0 | 11,021.0 |
| Other Current Liabilities | 3,604.0 | 3,502.0 | 3,481.0 | 3,205.0 | 6,875.0 | 3,406.0 | 3,310.0 | 3,645.0 | 3,578.0 | 3,559.0 |
| Total Current Liabilities | 33,142.0 | 34,122.0 | 31,505.0 | 33,619.0 | 39,869.0 | 37,701.0 | 38,227.0 | 37,363.0 | 36,275.0 | 34,269.0 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 49,884.0 | 49,767.0 | 46,025.0 | 44,917.0 | 54,217.0 | 54,102.0 | 35,605.0 | 39,837.0 | 34,655.0 | 33,428.0 |
| Deferred Tax Liabilities | 815.0 | 1,146.0 | 2,292.0 | 3,956.0 | 4,958.0 | 5,230.0 | 3,696.0 | 545.0 | 424.0 | 253.0 |
| Other Non-Current Liabilities | 19,664.0 | 21,138.0 | 19,711.0 | 24,474.0 | 29,723.0 | 26,438.0 | 25,441.0 | 26,140.0 | 24,124.0 | 24,350.0 |
| Total Non-Current Liabilities | 76,640.0 | 78,506.0 | 73,717.0 | 79,386.0 | 95,376.0 | 93,500.0 | 68,225.0 | 70,268.0 | 62,803.0 | 61,802.0 |
| Total Liabilities | 109,782.0 | 112,628.0 | 105,222.0 | 113,005.0 | 135,245.0 | 131,201.0 | 106,452.0 | 107,631.0 | 99,078.0 | 96,071.0 |
| Stockholders' Equity | ||||||||||
| Common Stock | 61,380.0 | 59,643.0 | 58,343.0 | 57,319.0 | 56,556.0 | 55,895.0 | 55,151.0 | 54,566.0 | 53,935.0 | 53,262.0 |
| Retained Earnings | 151,163.0 | 151,276.0 | 149,825.0 | 154,209.0 | 162,717.0 | 162,954.0 | 159,206.0 | 153,126.0 | 152,759.0 | 146,124.0 |
| Accumulated Other Comprehensive Income | (15,269.0) | (18,761.0) | (16,740.0) | (23,235.0) | (29,337.0) | (28,597.0) | (29,490.0) | (26,592.0) | (29,398.0) | (29,607.0) |
| Total Stockholders' Equity | 27,307.0 | 22,533.0 | 21,944.0 | 18,901.0 | 20,597.0 | 20,841.0 | 16,796.0 | 17,594.0 | 18,246.0 | 14,262.0 |
| Total Liabilities & Equity | 137,175.0 | 135,241.0 | 127,243.0 | 132,001.0 | 155,971.0 | 152,186.0 | 123,382.0 | 125,356.0 | 117,470.0 | 110,495.0 |
| Debt Metrics | ||||||||||
| Total Debt | 58,396.0 | 59,935.0 | 54,013.0 | 55,140.0 | 65,088.0 | 68,158.0 | 45,812.0 | 46,824.0 | 42,168.0 | 39,889.0 |
| Net Debt | 44,449.0 | 46,867.0 | 46,127.0 | 48,490.0 | 51,900.0 | 59,986.0 | 34,433.0 | 34,852.0 | 34,342.0 | 32,203.0 |
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 6,023.0 | 7,502.0 | 1,639.0 | 5,743.0 | 5,590.0 | 9,431.0 | 8,728.0 | 5,753.0 | 11,872.0 | 13,190.0 |
| Depreciation & Amortization | 4,667.0 | 4,396.0 | 4,802.0 | 6,417.0 | 6,695.0 | 6,059.0 | 4,480.0 | 4,541.0 | 4,381.0 | 3,855.0 |
| Stock-Based Compensation | 1,311.0 | 1,133.0 | 987.0 | 982.0 | 937.0 | 679.0 | 510.0 | 534.0 | 544.0 | 468.0 |
| Change in Working Capital | 1,313.0 | 2,184.0 | 202.0 | 1,791.0 | 8,249.0 | 1,225.0 | 554.0 | 6,813.0 | 1,357.0 | (2,196.0) |
| Other Non-Cash Items | 2,461.0 | (170.0) | 5,531.0 | (136.0) | (71.0) | (1,097.0) | 122.0 | 14.0 | 62.0 | 551.0 |
| Operating Cash Flow | 13,445.0 | 13,931.0 | 10,435.0 | 12,796.0 | 18,197.0 | 14,770.0 | 15,247.0 | 16,724.0 | 17,084.0 | 17,255.0 |
| Investing Activities | ||||||||||
| Capital Expenditure | (1,685.0) | (1,810.0) | (1,972.0) | (2,768.0) | (3,230.0) | (2,907.0) | (3,964.0) | (3,773.0) | (4,150.0) | (4,151.0) |
| Acquisitions | (2,591.0) | (5,086.0) | (1,076.0) | (3,179.0) | 167.0 | (31,554.0) | (139.0) | (701.0) | (6,150.0) | (3,750.0) |
| Purchases of Investments | (7,762.0) | (11,143.0) | (5,930.0) | (3,561.0) | (6,246.0) | (3,693.0) | (7,041.0) | (4,949.0) | (5,853.0) | (3,073.0) |
| Sales/Maturities of Investments | 6,544.0 | 10,647.0 | 4,665.0 | 3,147.0 | 5,618.0 | 3,961.0 | 6,487.0 | 3,910.0 | 5,692.0 | 2,842.0 |
| Other Investing Activities | (80.0) | (243.0) | (515.0) | (320.0) | 51.0 | 6,636.0 | (825.0) | (2,112.0) | (1,050.0) | (599.0) |
| Investing Cash Flow | (4,937.0) | (7,070.0) | (4,202.0) | (5,975.0) | (3,028.0) | (26,936.0) | (4,913.0) | (7,096.0) | (10,536.0) | (8,200.0) |
| Financing Activities | ||||||||||
| Net Debt Issuance | (880.0) | 4,497.0 | 1,221.0 | (8,115.0) | (3,714.0) | 16,284.0 | (301.0) | 3,447.0 | 2,763.0 | 19.0 |
| Stock Repurchased | 0.0 | (402.0) | (407.0) | (319.0) | (302.0) | (1,633.0) | (4,614.0) | (4,533.0) | (3,628.0) | (4,857.0) |
| Dividends Paid | (6,147.0) | (6,040.0) | (5,948.0) | (5,869.0) | (5,797.0) | (5,707.0) | (5,666.0) | (5,506.0) | (5,256.0) | (4,900.0) |
| Other Financing Activities | (797.0) | 176.0 | 176.0 | 909.0 | 92.0 | 98.0 | 112.0 | 174.0 | 204.0 | 535.0 |
| Financing Cash Flow | (7,079.0) | (1,769.0) | (4,958.0) | (13,354.0) | (9,721.0) | 9,042.0 | (10,469.0) | (6,418.0) | (5,917.0) | (9,413.0) |
| Cash Position | ||||||||||
| Net Change in Cash | 1,071.0 | 5,101.0 | 1,031.0 | (6,718.0) | 5,361.0 | (3,291.0) | (630.0) | 4,146.0 | 140.0 | (800.0) |
| Cash at Beginning | 13,089.0 | 7,988.0 | 6,957.0 | 13,675.0 | 8,314.0 | 11,379.0 | 11,972.0 | 7,826.0 | 7,686.0 | 8,500.0 |
| Cash at End | 14,160.0 | 13,089.0 | 7,988.0 | 6,957.0 | 13,675.0 | 8,172.0 | 11,379.0 | 11,972.0 | 7,826.0 | 7,700.0 |
| Free Cash Flow | 11,760.0 | 12,121.0 | 8,463.0 | 10,028.0 | 14,967.0 | 11,863.0 | 11,283.0 | 12,951.0 | 12,934.0 | 13,104.0 |
| Key Metrics | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||
| Revenue | 62,753.0 | 61,860.0 | 60,530.0 | 57,351.0 | 55,179.0 | 57,714.0 | 79,591.0 | 79,139.0 | 79,920.0 | 81,742.0 |
| Gross Profit | 35,551.0 | 34,300.0 | 32,687.0 | 31,486.0 | 30,865.0 | 31,533.0 | 36,936.0 | 36,943.0 | 38,516.0 | 40,684.0 |
| Operating Income | 10,074.0 | 9,821.0 | 8,174.0 | 6,865.0 | 4,662.0 | 7,538.0 | 13,217.0 | 13,139.0 | 14,677.0 | 16,508.0 |
| Net Income | 6,023.0 | 7,502.0 | 1,640.0 | 5,742.0 | 5,590.0 | 9,431.0 | 8,728.0 | 5,753.0 | 11,872.0 | 13,190.0 |
| EPS (Diluted) | 6.43 | 8.14 | 1.80 | 6.35 | 6.23 | 10.56 | 9.53 | 6.14 | 12.38 | 13.42 |
| Balance Sheet | ||||||||||
| Cash & Equivalents | 13,947.0 | 13,068.0 | 7,886.0 | 6,650.0 | 13,212.0 | 8,172.0 | 11,379.0 | 11,972.0 | 7,826.0 | 7,686.0 |
| Total Assets | 137,175.0 | 135,241.0 | 127,243.0 | 132,001.0 | 155,971.0 | 152,186.0 | 123,382.0 | 125,356.0 | 117,470.0 | 110,495.0 |
| Total Debt | 58,396.0 | 59,935.0 | 54,013.0 | 55,140.0 | 65,088.0 | 68,158.0 | 45,812.0 | 46,824.0 | 42,168.0 | 39,889.0 |
| Stockholders' Equity | 27,307.0 | 22,533.0 | 21,944.0 | 18,901.0 | 20,597.0 | 20,841.0 | 16,796.0 | 17,594.0 | 18,246.0 | 14,262.0 |
| Cash Flow | ||||||||||
| Operating Cash Flow | 13,445.0 | 13,931.0 | 10,435.0 | 12,796.0 | 18,197.0 | 14,770.0 | 15,247.0 | 16,724.0 | 17,084.0 | 17,255.0 |
| Capital Expenditure | (1,685.0) | (1,810.0) | (1,972.0) | (2,768.0) | (3,230.0) | (2,907.0) | (3,964.0) | (3,773.0) | (4,150.0) | (4,151.0) |
| Free Cash Flow | 11,760.0 | 12,121.0 | 8,463.0 | 10,028.0 | 14,967.0 | 11,863.0 | 11,283.0 | 12,951.0 | 12,934.0 | 13,104.0 |