IBM 2004 Annual Report Download - page 93

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
91
International Business Machines Corporation and Subsidiary Companies
ibm annual report 2004
Reconciliations to IBM as Reported
(Dollars in millions)
AT DECEMBER 31: 2004 2003*2002*
Assets:
Total reportable segments $«««69,667 $«««67,995 $«63,387
Elimination of internal transactions (5,814) (5,596) (4,993)
Unallocated amounts:
Cash and marketable securities 9,421 6,523 4,568
Notes and accounts receivable 3,872 3,334 3,553
Deferred tax assets 4,899 6,486 6,631
Plant, other property and equipment 3,522 3,380 3,239
Pension assets 20,381 18,416 15,996
Other 3,235 3,919 4,103
Total IBM consolidated $«109,183 $«104,457 $«96,484
*Reclassified to conform with 2004 presentation.
revenue by classes of similar products or services
For the Personal Systems Group, Software and Global Financing segments, the segment
data on page 88 represents the revenue contributions from the products that are con-
tained in the segments and that are basically similar in nature. The following table provides
external revenue for similar classes of products within the Systems and Technology Group,
Global Services and Enterprise Investments segments. The Systems and Technology Group
segment’s OEM hardware comprises revenue primarily from the sale of semiconductors
and display devices. Technology services comprise the Systems and Technology Group’s
circuit design business for its OEM clients as well as the component design services,
strategic outsourcing of clients’ design team work, and technology and manufacturing
consulting services associated with the Engineering & Technology Services Division. The
Systems and Technology Group segment’s storage comprises revenue from TotalStorage
disk storage systems, tape subsystems and networking hardware. Enterprise Investments
software revenue is primarily from product life-cycle management products. The following
table is presented on a continuing operations basis.
(Dollars in millions)
Consolidated
FOR THE YEAR ENDED DECEMBER 31: 2004 2003 2002
Global Services:
Services $«40,517 $«37,178 $«31,290
Maintenance 5,696 5,457 5,070
Systems and Technology Group:
Servers $«12,460 $«11,148 $«10,047
Storage 2,898 2,849 2,581
Microelectronics OEM «««2,131 «««2,142 «««3,226
Technology services 424 325 323
Networking products 3518
Enterprise Investments:
Software $«««1,131 $««««««981 $««««««916
Hardware 37 72 95
Others 12 12 11
major clients
No single client represents 10 percent or more of the company’s total revenue.
geographic information
(Dollars in millions)
Revenue*Long-Lived Assets**+
FOR THE YEAR ENDED DECEMBER 31: 2004 2003 2002 2004 2003++ 2002++
United States $«35,637 $«33,762 $«32,759 $«29,780 $«29,929 $«28,064
Japan 12,295 11,694 10,939 2,701 2,738 2,814
Other countries 48,361 43,675 37,488 20,600 16,373 13,027
Total $«96,293 $«89,131 $«81,186 $«53,081 $«49,040 $«43,905
*Revenues are attributed to countries based on location of client and are for continuing operations.
** Includes all non-current assets except non-current financial instruments and deferred tax assets.
+At December 31
++ Reclassified to conform with 2004 presentation.