IBM 1998 Annual Report Download - page 92

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90
International Business Machines Corporation and Subsidiary Companies
Five-Year Comparison of Selected Financial Data
(Dollars in millions except per share amounts)
For the year: 1998 1997 1996 1995 1994
Revenue $«81,667 $«78,508 $«75,947 $«71,940 $«64,052
Net income 6,328 6,093 5,429 4,178 3,021
Per share of common stock—basic 6.75 6.18 5.12 3.61 2.51
Per share of common stock—assuming dilution 6.57 6.01 5.01 3.53 2.48
Cash dividends paid on common stock 814 763 686 572 585
Per share of common stock .86 .775 .65 .50 .50
Investment in plant, rental machines
and other property 6,520 6,793 5,883 4,744 3,078
Return on stockholders’ equity 32.6% 29.7% 24.8% 18.5% 14.3%
At end of year:
Total assets $«86,100 $«81,499 $«81,132 $«80,292 $«81,091
Net investment in plant, rental machines
and other property 19,631 18,347 17,407 16,579 16,664
Working capital 5,533 6,911 6,695 9,043 12,112
Total debt 29,413 26,926 22,829 21,629 22,118
Stockholders’ equity 19,433 19,816 21,628 22,423 23,413
Selected Quarterly Data
(Dollars in millions except per share amounts and stock prices)
Per Share Common Stock
Earnings-
Gross Net Earnings- Assuming Stock Prices**
Revenue Profit Income Basic Dilution Dividends High Low
1998
First quarter $«17,618 $«««6,450 $«1,036 $«1.08 $«1.06 $«««.20 $«108.38 $««95.63
Second quarter 18,823 7,146 1,452 1.54 1.50 .22 129.31 103.31
Third quarter 20,095 7,467 1,494 1.60 1.56 .22 138.13 110.75
Fourth quarter 25,131 9,809 2,346 2.55 2.47 .22 189.94 116.81
Total $«81,667 $«30,872 $«6,328 $«6.75*$«6.57*$«««.86
1997
First quarter $«17,308 $«««6,592 $«1,195 $«1.19 $«1.16 $«.175 $«««85.06 $««65.00
Second quarter 18,872 7,401 1,446 1.46 1.43 .200 93.75 63.56
Third quarter 18,605 7,098 1,359 1.38 1.35 .200 109.44 90.13
Fourth quarter 23,723 9,518 2,093 2.16 2.11 .200 113.50 88.63
Total $«78,508 $«30,609 $«6,093 $«6.18*$«6.01*$«.775
*The sum of the quarters’ earnings per share does not equal the year-to-date earnings per share due to changes in average share calculations.
This is in accordance with prescribed reporting requirements.
** The stock prices reflect the high and low prices for IBM’s common stock on the New York Stock Exchange composite tape for the last two years.