IBM 2005 Annual Report Download - page 11

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10_
(Dollarsinmillionsexceptpershareamounts)
FORTHEYEAR 2005 2004
Revenue $«««91,134 $«««96,293
Incomefromcontinuingoperations $«««««7,994 $«««««7,497
Lossfromdiscontinuedoperations (24) (18)
Incomebeforecumulativeeffectofchangeinaccountingprinciple 7,970 7,479
Cumulativeeffectofchangeinaccountingprinciple** (36) —
Netincome $«««««7,934 $«««««7,479
Earnings/(loss)pershareofcommonstock:
Assumingdilution:
Continuingoperations $«««««««4.91 $«««««««4.39
Discontinuedoperations (0.01) (0.01)
Beforecumulativeeffectofchangeinaccountingprinciple 4.90 4.38
Cumulativeeffectofchangeinaccountingprinciple** (0.02) —
Total $«««««««4.87* $«««««««4.38
Basic:
Continuingoperations $«««««««4.99 $«««««««4.48
Discontinuedoperations (0.02) (0.01)
Beforecumulativeeffectofchangeinaccountingprinciple 4.98* 4.47
Cumulativeeffectofchangeinaccountingprinciple** (0.02) —
Total $«««««««4.96 $«««««««4.47
Netcashprovidedbyoperatingactivitiesfromcontinuingoperations $«««14,914 $«««15,349
Capitalexpenditures,net 3,527 3,745
Sharerepurchase 7,739 7,145
Cashdividendspaidoncommonstock 1,250 1,174
Pershareofcommonstock 0.78 0.70
ATYEAREND 2005 2004
Cash,cashequivalentsandmarketablesecurities $«««13,686 $«««10,570
Totalassets 105,748 111,003
Workingcapital 10,509 7,357
Totaldebt 22,641 22,927
Stockholders’equity 33,098 31,688
Commonsharesoutstanding(inmillions) 1,574 1,646
Marketcapitalization $«129,381 $«162,223
Stockpricepercommonshare $«««««82.20 $«««««98.58
NumberofemployeesinIBM/whollyownedsubsidiaries 329,373 329,001
* Doesnottotalduetorounding.
** ReflectsimplementationofFASBInterpretationNo.47.Seenote B,“AccountingChanges,”onpages61 and62 foradditionalinformation.
FinancialHighlights