IBM 2001 Annual Report Download - page 73

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71
Consolidated Statement of Financial Position
INTERNATIONAL BUSINESS MACHINES CORPORATION
and Subsidiary Companies
(dollars in millions except per share amounts)
AT DE CEMBER 31: Notes 2001 2000
ASSETS
Current assets:
Cash and cash equivalents $÷«6,330 $«««3,563
Marketable securities d63 159
Notes and accounts receivable
—
trade, net of allowances 9,101 10,447
Short-term financing receivables f16,656 18,705
Other accounts receivable 1,261 1,574
Inventories e4,304 4,765
Deferred taxeso2,402 2,701
Prepaid expenses and other current assets 2,344 1,966
Total current assets 42,461 43,880
Plant, rental machines and other property g38,375 38,455
Less: Accumulated depreciation 21,871 21,741
Plant, rental machines and other property
—
net 16,504 16,714
Long-term financing receivables f12,246 13,308
Investments and sundry assets h17,102 14,447
TOTAL ASSETS $«88,313 $«88,349
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Taxes o$÷«4,644 $÷«4,827
Short-term debt j & k 11,188 10,205
Accounts payable 7,047 8,192
Compensation and benefits3,796 3,801
Deferred income 4,223 4,516
Other accrued expenses and liabilities 4,221 4,865
Total current liabilities 35,119 36,406
Long-term debt j & k 15,963 18,371
Other liabilities l13,617 12,948
TOTAL LIABILITIES 64,699 67,725
Contingencies n
Stockholders’ equity: m
Preferred stock, par value $.01 per share —247
Shares authorized: 150,000,000
Shares issued and outstanding (2000
—
2,546,011)
Common stock, par value $.20 per share 14,248 12,400
Shares authorized: 4,687,500,000
Shares issued (2001
—
1,913,513,218; 2000
—
1,893,940,595)
Retained earnings 30,142 23,784
Treasury stock, at cost (shares: 2001
—
190,319,489; 2000
—
131,041,411)(20,114) (13,800)
Employee benefits trust (shares: 2000
—
20,000,000)—(1,712)
Accumulated gains and losses not affecting retained earnings (662) (295)
TOTAL STOCKHOLDERS’ EQUITY 23,614 20,624
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $«88,313 $«88,349
The accompanying notes on pages 75 through 105 are an integral part of the financial statements.