IBM 1999 Annual Report Download - page 51

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Please find page 51 of the 1999 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.

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financial report
International Business Machines Corporation
and Subsidiary Companies
Report of Management 50
Report of Independent Accountants 51
Management Discussion 52
Consolidated Financial Statements
Earnings 64
Financial Position 65
Stockholders’ Equity 66
Cash Flows 68
Notes to Consolidated Financial Statements
ASignificant Accounting Policies 69
BAccounting Changes 71
CCommon Stock Split 72
DAcquisitions/ Divestitures 72
EInventories 73
FPlant, Rental Machines and Other Property 73
GInvestments and Sundry Assets 73
HLines of Credit 74
ISale and Securitization of Receivables 74
JDebt 74
KInterest on Debt 75
LFinancial Instruments 75
MOther Liabilities and Environmental Remediation 77
NStockholders’ Equity Activity 78
OContingencies 79
PTaxes 79
QSelling and Advertising 80
R1999 Actions 81
SResearch, Development and Engineering 82
TEarnings Per Share of Common Stock 83
URental Expense and Lease Commitments 83
VStock-Based Compensation Plans 84
WRetirement Plans 86
XNonpension Postretirement Benefits 88
YSegment Information 89
Five-Year Comparison of Selected Financial Data 94
Selected Quarterly Data 94
Stockholder Information 95
Board of Directors and Senior Management 96
49