IBM 2000 Annual Report Download - page 93

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page no.
ninety-one
notes to consolidated financial statements
international business machines corporation
and Subsidiary Companies
(dollars in millions) 2000 1999*1998*
Pre-tax income:
Total reportable segments $«10,891 $«««9,971 $«9,558
Elimination of internal
transactions 62 (47) (162)
Sale of Global Network — 4,057 —
1999 actions — (2,205) —
Unallocated corporate
amounts 581 (19) (356)
Total IBM Consolidated $«11,534 $«11,757 $«9,040
*Reclassified to conform with 2000 presentation.
MANAGEMENT SYSTEM SEGMENT VIEW
Hardware
Personal Enterprise Global Global Enterprise Total
(dollars in millions) Technology Systems Systems Services Software Financing Investments Segments
2000:
External revenue $«10,221 $«16,250 $«11,340 $«33,152 $«12,598 $«3,500 $«1,369 $«88,430
Internal revenue 3,017 85 624 2,439 828 944 3 7,940
Total revenue $«13,238 $«16,335 $«11,964 $«35,591 $«13,426 $«4,444 $«1,372 $«96,370
Pre-tax income/(loss) $««««««758 $÷÷«(148) $«««2,092 $÷«4,517 $«««2,793 $«1,176 $«««(297) $«10,891
Revenue year-to-year change (2.7) % 1.1% (0.9) % 2.2% 0.0% 9.6% (17.8) % 0.6%
Pre-tax income year-
to-year change 29.4% 58.9% 14.2% 1.2% (9.9) % 12.3% 57.4% 9.2%
Pre-tax income margin 5.7% (0.9) % 17.5% 12.7% 20.8% 26.5% (21.6) % 11.3%
1999 *:
External revenue $÷«9,832 $«16,118 $«11,503 $«32,172 $«12,662 $«3,219 $«1,651 $«87,157
Internal revenue 3,777 45 565 2,636 767 835 19 8,644
Total revenue $«13,609 $«16,163 $«12,068 $«34,808 $«13,429 $«4,054 $«1,670 $«95,801
Pre-tax income/(loss) $««««««586 $÷÷«(360) $«««1,832 $÷«4,464 $«««3,099 $«1,047 $«««(697) $«««9,971
Revenue year-to-year change 2.8% 20.2% (16.9) % 9.9% 6.5% 7.5% (9.6) % 5.1%
Pre-tax income year-
to-year change (41.3) % 63.5% (37.4) % 23.9% 13.0% 12.3% (5.8) % 4.3%
Pre-tax income margin 4.3% (2.2) % 15.2% 12.8% 23.1% 25.8% (41.7) % 10.4%
1998 *:
External revenue «$«÷8,701 $«13,419 $«13,847 $«28,916 $«11,863 $«2,979 $«1,791 $«81,516
Internal revenue 4,543 29 683 2,747 749 792 56 9,599
Total revenue $«13,244 $«13,448 $«14,530 $«31,663 $«12,612 $«3,771 $«1,847 $«91,115
Pre-tax income/(loss) $««««««998 $÷÷«(986) $«««2,928 $«««3,603 $«««2,742 $««««932 $÷«(659) $÷«9,558
Pre-tax income margin 7.5% (7.3) % 20.2% 11.4% 21.7% 24.7% (35.7) % 10.5%
*Reclassified to conform with 2000 presentation.
Reconciliations to IBM as Reported
(dollars in millions) 2000 1999*1998*
Revenue:
Total reportable segments $«96,370 $«95,801 $«91,115
Other revenue and
adjustments (34) 391 151
Elimination of internal
revenue (7,940) (8,644) (9,599)
Total IBM Consolidated $«88,396 $«87,548 $«81,667
*Reclassified to conform with 2000 presentation.