IBM 1998 Annual Report Download - page 90

Download and view the complete annual report

Please find page 90 of the 1998 IBM annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 96

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS International Business Machines Corporation and Subsidiary Companies
88
MANAGEMENT SYSTEM SEGMENT VIEW
Hardware Segments
Personal Global Global Enterprise Total
(Dollars in millions) Technology Systems Server Services Software Financing Investments Segments
1998:
Assets « $«11,251 $«1,464 $«2,106 $«2,236 $«2,577 $«40,109 $«363 $«60,106
Depreciation/amortization 1,207 121 178 322 681 2,768 15 5,292
Capital expenditures/
investment-software 2,044 156 288 358 424 3,438 19 6,727
Interest income —————2,725 — 2,725
Interest expense —————1,252 — 1,252
1997:
Assets « $«10,060 $«1,629 $«2,191 $«1,914 $«2,642 $«35,444 $«362 $«54,242
Depreciation/amortization 1,092 112 167 315 1,132 2,170 10 4,998
Capital expenditures/
investment-software 2,028 195 235 361 515 3,615 16 6,965
Interest income —————2,639 — 2,639
Interest expense —————1,175 — 1,175
1996:
Assets « $«««9,435 $«2,666 $«2,322 $«2,067 $««2,813 $«31,793 $«295 $«51,391
Depreciation/amortization 1,030 141 201 283 1,496 1,761 11 4,923
Capital expenditures/
investment-software 1,805 162 171 359 453 3,086 11 6,047
Interest income —————2,752 — 2,752
Interest expense —————1,166 — 1,166
Reconciliations to IBM as Reported
(Dollars in millions) 1998 1997 1996
ASSETS:
Total reportable segments $«60,106 $«54,242 $«51,391
Elimination of internal
transactions (7,519) (6,287) (5,192)
Unallocated amounts:
Cash and marketable securities 4,295 6,062 6,601
Notes and accounts receivable 7,715 7,441 7,962
Deferred tax assets 5,376 4,746 4,683
Plant, other property
and equipment 7,706 7,564 7,505
Pension assets 4,836 3,828 3,323
Other 3,585 3,903 4,859
Total IBM Consolidated $«86,100 $«81,499 $«81,132