IBM 2000 Annual Report Download - page 67

Download and view the complete annual report

Please find page 67 of the 2000 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.

Page out of 100

  • 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 financial position
international business machines corporation
and Subsidiary Companies
page no.
sixty-five
(dollars in millions except per share amounts)
AT DECEMBER 31: Notes 2000 1999*
Assets
Current assets:
Cash and cash equivalents $÷«3,563 $«««5,043
Marketable securities K159 788
Notes and accounts receivable
—
trade, net of allowances 10,447 9,103
Short-term financing receivables F18,705 17,156
Other accounts receivable 1,574 1,359
Inventories E4,765 4,868
Deferred taxes O2,701 2,907
Prepaid expenses and other current assets 1,966 1,931
Total current assets 43,880 43,155
Plant, rental machines and other property G38,455 39,616
Less: Accumulated depreciation 21,741 22,026
Plant, rental machines and other property
—
net 16,714 17,590
Long-term financing receivables F13,308 13,078
Investments and sundry assets H14,447 13,672
Total assets $«88,349 $«87,495
Liabilities and Stockholders’ Equity
Current liabilities:
Taxes O$÷«4,827 $÷«4,792
Short-term debt J&K 10,205 14,230
Accounts payable 8,192 6,400
Compensation and benefits 3,801 3,840
Deferred income 4,516 4,529
Other accrued expenses and liabilities 4,865 5,787
Total current liabilities 36,406 39,578
Long-term debt J&K 18,371 14,124
Other liabilities L12,948 13,282
Total liabilities 67,725 66,984
Contingencies N
Stockholders’ equity: M
Preferred stock, par value $.01 per share 247 247
Shares authorized: 150,000,000
Shares issued and outstanding (2000 and 1999
—
2,546,011)
Common stock, par value $.20 per share C12,400 11,762
Shares authorized: 4,687,500,000
Shares issued (2000
—
1,893,940,595; 1999
—
1,876,665,245)
Retained earnings 23,784 16,878
Treasury stock, at cost (shares: 2000
—
131,041,411; 1999
—
72,449,015)(13,800) (7,375)
Employee benefits trust (shares: 2000 and 1999
—
20,000,000)(1,712) (2,162)
Accumulated gains and losses not affecting retained earnings (295) 1,161
Total stockholders’ equity 20,624 20,511
Total liabilities and stockholders’ equity $«88,349 $«87,495
*Reclassified to conform with 2000 presentation.
The accompanying notes on pages 69 through 93 are an integral part of the financial statements.