IBM 1999 Annual Report Download - page 96

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International Business Machines Corporation
and Subsidiary Companies
Five-Year Comparison of Selected Financial Data
(Dollars in millions except per share amounts)
For the year: 1999 1998 1997 1996 1995
Revenue $«87,548 $«81,667 $«78,508 $«75,947 $«71,940
Net income 7,712 6,328 6,093 5,429 4,178
Per share of common stock:
Assuming dilution 4.12 3.29* 3.00* 2.50* 1.76*
Basic 4.25 3.38* 3.09* 2.56* 1.81*
Cash dividends paid on common stock 859 814 763 686 572
Per share of common stock .47 .43* .3875* .325* .25*
Investment in plant, rental machines
and other property 5,959 6,520 6,793 5,883 4,744
Return on stockholders’ equity 39.0% 32.6% 29.7% 24.8% 18.5%
At end of year:
Total assets $«87,495 $«86,100 $«81,499 $«81,132 $«80,292
Net investment in plant, rental machines
and other property 17,590 19,631 18,347 17,407 16,579
Working capital 3,577 5,533 6,911 6,695 9,043
Total debt 28,354 29,413 26,926 22,829 21,629
Stockholders’ equity 20,511 19,433 19,816 21,628 22,423
*Adjusted to reflect a two-for-one stock split effective May 10, 1999.
Selected Quarterly Data
(Dollars in millions except per share amounts and stock prices) Per Share of Common Stock
Earnings
Gross Net Assuming Stock Prices**
Revenue Profit Income Dilution Basic Dividends High Low
1999
First quarter $«20,317 $«««7,258 $«1,470 $«««.78 $«0.80 $«««.11* $«99.63* $«80.88*
Second quarter 21,905 8,224 2,391 1.28 1.32 .12 132.00 81.50*
Third quarter 21,144 7,564 1,762 .93 .97 .12 139.19 117.56
Fourth quarter 24,182 8,883 2,089 1.12 1.16 .12 123.25 89.00
Total $«87,548 $«31,929 $«7,712 $«4.12†$«4.25 $«««.47
1998
First quarter $«17,618 $«««6,450 $«1,036 $«««.53* $«««.54* $«««.10* $«54.19* $«47.81*
Second quarter 18,823 7,146 1,452 .75* .77* .11* 64.66* 51.66*
Third quarter 20,095 7,467 1,494 .78* .80* .11* 69.06* 55.38*
Fourth quarter 25,131 9,809 2,346 1.24* 1.27* .11* 94.97* 58.41*
Total $«81,667 $«30,872 $«6,328 $«3.29*†$«3.38* $«««.43*
*Adjusted to reflect a two-for-one stock split effective May 10, 1999.
†Earnings Per Share (EPS) in each quarter is computed using the weighted-average number of shares outstanding during that quarter while EPS for the full year
is computed using the weighted-average number of shares outstanding during the year. Thus, the sum of the four quarters’ EPS does not equal the full-year EPS.
**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.
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