IBM 2000 Annual Report Download - page 96

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page no.
ninety-four
international business machines corporation
and Subsidiary Companies
FIVE-YEAR COMPARISON OF SELECTED FINANCIAL DATA
(dollars in millions except per share amounts)
FOR THE YEAR: 2000 1999 1998 1997 1996
Revenue $«88,396 $«87,548 $«81,667 $«78,508 $«75,947
Net income 8,093 7,712 6,328 6,093 5,429
Per share of common stock:
Assuming dilution 4.44 4.12 3.29 3.00 2.50
Basic 4.58 4.25 3.38 3.09 2.56
Cash dividends paid on common stock 909 859 814 763 686
Per share of common stock .51 .47 .43 .3875 .325
Investment in plant, rental machines
and other property 5,616 5,959 6,520 6,793 5,883
Return on stockholders’ equity 39.7% 39.0% 32.6% 29.7% 24.8%
AT END OF YEAR:
Total assets $«88,349 $«87,495 $«86,100 $«81,499 $«81,132
Net investment in plant, rental machines
and other property 16,714 17,590 19,631 18,347 17,407
Working capital 7,474 3,577 5,533 6,911 6,695
Total debt 28,576 28,354 29,413 26,926 22,829
Stockholders’ equity 20,624 20,511 19,433 19,816 21,628
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
2000
First quarter $«19,348 $«««7,011 $«1,519 $«««.83 $«««.85 $«««.12 $«128.25 $«99.50
Second quarter 21,651 7,943 1,941 1.06 1.10 .13 126.94 101.25
Third quarter 21,781 7,801 1,963 1.08 1.11 .13 134.94 100.00
Fourth quarter 25,616 9,669 2,670 1.48 1.52 .13 119.63 80.06
Total $«88,396 $«32,424 $«8,093 $«4.44*$«4.58 $«««.51
1999
First quarter $«20,317 $«««7,258 $«1,470 $«««.78 $«««.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
*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.