IBM 2004 Annual Report Download - page 44

Download and view the complete annual report

Please find page 44 of the 2004 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

International Business Machines Corporation and Subsidiary Companies
42
ibm annual report 2004
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
(Dollars in millions)
AT DECEMBER 31: Notes 2004 2003*
Assets
Current assets:
Cash and cash equivalents $«««10,053 $«««««7,290
Marketable securities d517 357
Notes and accounts receivable—trade (net of allowances of $277 in 2004 and $352 in 2003)10,522 10,026
Short-term financing receivables (net of allowances of $681 in 2004 and $733 in 2003)f15,801 17,583
Other accounts receivable (net of allowances of $13 in 2004 and $16 in 2003)1,813 1,314
Inventories e3,316 2,942
Deferred taxes p2,229 2,542
Prepaid expenses and other current assets 2,719 2,608
Total current assets 46,970 44,662
Plant, rental machines and other property g36,385 36,153
Less: Accumulated depreciation g21,210 21,464
Plant, rental machines and other property—net g15,175 14,689
Long-term financing receivables f10,950 10,741
Prepaid pension assets w20,394 18,426
Investments and sundry assets h5,468 7,294
Goodwill i8,437 6,921
Intangible assets— net i1,789 1,724
Total Assets $«109,183 $«104,457
*Reclassified to conform with 2004 presentation.