IBM 2000 Annual Report Download - page 51

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page no.
forty-nine
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 74
FFINANCING RECEIVABLES 74
GPLANT, RENTAL MACHINES AND OTHER PROPERTY 74
HINVESTMENTS AND SUNDRY ASSETS 74
ISALE AND SECURITIZATION OF RECEIVABLES 74
JBORROWINGS 75
KFINANCIAL INSTRUMENTS 76
LOTHER LIABILITIES 78
MSTOCKHOLDERS’ EQUITY ACTIVITY 79
NCONTINGENCIES 79
OTAXES 80
PADVERTISING 81
Q1999 ACTIONS 81
RRESEARCH, DEVELOPMENT AND ENGINEERING 82
SEARNINGS PER SHARE OF COMMON STOCK 83
TRENTAL EXPENSE AND LEASE COMMITMENTS 83
USTOCK-BASED COMPENSATION PLANS 84
VRETIREMENT PLANS 85
WNONPENSION POSTRETIREMENT BENEFITS 88
XSEGMENT INFORMATION 89
Five-Year Comparison of Selected Financial Data 94
Selected Quarterly Data 94
Stockholder Information 95
Board of Directors and Senior Management 96
financial report
international business machines corporation
and Subsidiary Companies