IBM 1999 Annual Report Download - page 69
Download and view the complete annual report
Please find page 69 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.-
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
-
97
-
98
-
99
-
100
 |
 |
consolidated statement of stockholders’ equity
International Business Machines Corporation
and Subsidiary Companies
Accumulated
Gains and
Losses Not
Employee Affecting
Preferred Common Retained Treasury Benefits Retained
(Dollars in millions) Stock Stock Earnings Stock Trust Earnings Total
1999
Stockholders’ equity, December 31, 1998 «$«247 «$«10,121 «$«10,141 «««$««««(133) ««««$«(1,854) «$««««911 «$«19,433
Net income plus gains and losses not
affecting retained earnings:
Net income 7,712 $«««7,712
Gains and losses not affecting
retained earnings (net of tax):
Foreign currency translation adjustments
(net of tax expense of $180) (546) (546)
Net unrealized gains on marketable
securities (net of tax expense of $456) 796 796
Total gains and losses not affecting
retained earnings 250
Subtotal: Net income plus gains and
losses not affecting retained earnings $«««7,962
Cash dividends declared—common stock (859) (859)
Cash dividends declared—preferred stock (20) (20)
Treasury shares purchased, not retired
(70,711,971 shares) (7,192) (7,192)
Common stock issued under employee
plans (22,927,141 shares) 741 (1) 740
Purchases (6,418,975 shares) and sales
(6,606,223 shares) of treasury stock
under employee plans—net (95) (50) (145)
Fair value adjustment of employee
benefits trust 318 (308) 10
Increase due to shares issued by subsidiary 37 37
Tax effect—stock transactions 545 545
Stockholders’ equity, December 31, 1999 $«247 $«11,762 $«16,878 $«(7,375) $«(2,162) $«1,161 $«20,511
*Reclassified to conform with 1999 presentation.
**Adjusted to reflect a two-for-one stock split effective May 10, 1999.
The accompanying notes on pages 69 through 93 are an integral part of the financial statements.
67