IBM 2005 Annual Report Download - page 12
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Please find page 12 of the 2005 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.ReportofFinancials
INTERNATIONALBUSINESSMACHINESCORPORATION ANDSUBSIDIARYCOMPANIES
_11
ReportofManagement 12
ReportofIndependentRegistered
PublicAccounting Firm 13
ManagementDiscussion
RoadMap 14
Forward-LookingandCautionaryStatements 15
ManagementDiscussionSnapshot 15
DescriptionofBusiness 17
YearinReview 22
PriorYearinReview 34
LookingForward 36
EmployeesandRelatedWorkforce 43
GlobalFinancing 43
ConsolidatedFinancialStatements
Earnings 48
FinancialPosition 49
Cash Flows 50
Stockholders’ Equity 51
NotestoConsolidatedFinancialStatements
ASignificantAccountingPolicies 54
BAccountingChanges 61
CAcquisitions/Divestitures 63
DFinancialInstruments(excludingderivatives) 67
EInventories 68
FFinancingReceivables 68
GPlant,RentalMachinesandOtherProperty 68
HInvestmentsandSundryAssets 68
IIntangibleAssetsIncludingGoodwill 68
JSecuritizationofReceivables 70
KBorrowings 70
LDerivativesandHedgingTransactions 71
MOtherLiabilities 74
NStockholders’EquityActivity 75
OContingenciesandCommitments 76
PTaxes 79
QResearch,DevelopmentandEngineering 80
R2005 Actions 80
SEarningsPerShareofCommonStock 82
TRentalExpenseandLeaseCommitments 83
UStock-BasedCompensation 83
VRetirement-RelatedBenefits 85
WSegmentInformation 95
XSubsequentEvents 100
Five-YearComparisonofSelected
FinancialData 101
SelectedQuarterlyData 102
BoardofDirectorsandSenior
ExecutiveOfficers 103
StockholderInformation 104