IBM 1999 Annual Report Download - page 93

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MANAGEMENT SYSTEM SEGMENT VIEW
Hardware
Personal Global Global Enterprise Total
(Dollars in millions) Technology Systems Server Services Software Financing Investments Segments
1999:
External revenue «$«12,597 $«15,290 $«««8,718 $«32,172 $«12,662 $«3,219 $«2,499 $«87,157
Internal revenue 3,800 45 326 2,636 767 835 19 8,428
Total revenue $«16,397 $«15,335 $«««9,044 $«34,808 $«13,429 $«4,054 $«2,518 $«95,585
Pre-tax income ÷÷««$««««««764 $÷÷«(557) $«««1,590 $÷«4,528 $«««2,830 $«1,286 $«««(324) $«10,117
Revenue year-to-year change (0.4) %% 19.8% (18.3) % 9.9% 6.5% 7.5% (0.2) % 5.1%
Pre-tax income year-
to-year change (20.0) % 43.9% (44.1) % 20.5% 9.4% 10.4% 47.4% 4.3%
Pre-tax income margin 4.7%% (3.6) % 17.6% 13.0% 21.1% 31.7% (12.9) % 10.6%
1998:
External revenue «$«11,890 $«12,776 $«10,624 $«28,916 $«11,863 $«2,979 $«2,468 $«81,516
Internal revenue 4,578 29 445 2,747 749 792 56 9,396
Total revenue $«16,468 $«12,805 $«11,069 $«31,663 $«12,612 $«3,771 $«2,524 $«90,912
Pre-tax income ÷÷««$««««««955 $÷÷«(992) $«««2,842 $÷«3,757 $«««2,588 $«1,165 $«««(616) $«««9,699
Revenue year-to-year change (4.4) %% (10.8) % (6.0) % 13.5% 6.6% 5.8% 0.6% 2.0%
Pre-tax income year-
to-year change (47.1) % (516.1) % (1.9) % 30.0% 27.2% 3.0% 32.3% 0.1%
Pre-tax income margin 5.8%% (7.7) % 25.7% 11.9% 20.5% 30.9% (24.4) % 10.7%
1997 :
External revenue «$«11,083 $«14,337 $«11,286 $«25,166 $«11,164 $«2,935 $«2,438 $«78,409
Internal revenue 6,147 20 491 2,737 671 628 70 10,764
Total revenue $«17,230 $«14,357 $«11,777 $«27,903 $«11,835 $«3,563 $«2,508 $«89,173
Pre-tax income $«««1,806 $÷÷«(161) $«««2,896 $«««2,890 $«««2,034 $«1,131 $÷«(910) $÷«9,686
Revenue year-to-year change 0.3% 3.3% (6.9) % 12.6% (1.5) % (3.3) % 5.0% 3.0%
Pre-tax income year-
to-year change 17.7% (312.8) % (12.1) % 14.3% (17.5) % (10.2) % (17.4) % (5.7) %
Pre-tax income margin 10.5% (1.1) % 24.6% 10.4% 17.2% 31.7% (36.3) % 10.9%
notes to consolidated financial statements
International Business Machines Corporation
and Subsidiary Companies
91
Reconciliations to IBM as Reported
(Dollars in millions) 1999 1998 1997
REVENUE:
Total reportable segments $«95,585 $«90,912 $«89,173
Other revenues 391 151 99
Elimination of internal
revenue (8,428) (9,396) (10,764)
Total IBM Consolidated $«87,548 $«81,667 $«78,508
(Dollars in millions) 1999 1998 1997
PRE-TAX INCOME:
Total reportable segments $«10,117 $«9,699 $«9,686
Elimination of internal
transactions (145) (162) (377)
Sale of Global Network 4,057 ——
1999 actions (2,205) ——
Unallocated corporate
expenses (67) (497) (282)
Total IBM Consolidated $«11,757 $«9,040 $«9,027