IBM 1997 Annual Report Download - page 79

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77
notes to consolidated financial statements
International Business Machines Corporation
and Subsidiary Companies
(Dollars in millions)
1997 1996 1995
United States
Revenue – Customers $32,663 $29,395 $26,789
Interarea transfers 9,426 10,197 10,553
__________________ __________________ __________________
Total $42,089 $39,592 $37,342
Net earnings 2,354 1,782 599
Assets at December 31 41,633 39,724 38,584
Europe/Middle East/Africa
Revenue – Customers $23,919 $25,280 $25,238
Interarea transfers 2,513 2,455 2,530
__________________ __________________ __________________
Total $26,432 $27,735 $27,768
Net earnings 1,343 1,474 2,271
Assets at December 31 21,006 21,732 24,066
Asia Pacific
Revenue – Customers $15,246 $14,752 $13,892
Interarea transfers 3,475 2,781 2,698
__________________ __________________ __________________
Total $18,721 $17,533 $16,590
Net earnings 1,788 1,466 1,098
Assets at December 31 11,984 12,152 12,789
Americas
Revenue – Customers $6,680 $6,520 $6,021
Interarea transfers 4,407 5,123 5,333
__________________ __________________ __________________
Total $11,087 $11,643 $11,354
Net earnings 586 578 324
Assets at December 31 7,628 8,123 7,530
Eliminations
Revenue $(19,821) $(20,556) $(21,114)
Net earnings 22 129 (114)
Assets (752) (599) (2,677)
Consolidated
Revenue $78,508 $75,947 $71,940
Net earnings 6,093 5,429 4,178
Assets at December 31 81,499 81,132 80,292