IBM 2005 Annual Report Download - page 50

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ConsolidatedStatementofFinancialPosition
INTERNATIONALBUSINESSMACHINESCORPORATION ANDSUBSIDIARYCOMPANIES
(Dollarsinmillionsexceptpershareamounts)
ATDECEMBER31: NOTES 2005 2004
Assets
Currentassets:
Cashandcashequivalents $«««12,568 $«««10,053
Marketablesecurities D1,118 517
Notesandaccountsreceivable—trade(netofallowancesof$267 in2005
and$277in2004) 9,540 10,522
Short-termfinancingreceivables(netofallowancesof$422 in2005
and$681 in2004) F13,750 15,801
Otheraccountsreceivable(netofallowancesof$7 in2005and$13in2004) 1,138 1,813
Inventories E2,841 3,316
Deferredtaxes P1,765 2,413
Prepaidexpensesandothercurrentassets 2,941 2,708
Totalcurrentassets 45,661 47,143
Plant,rentalmachinesandotherproperty G34,261 36,385
Less:Accumulateddepreciation G20,505 21,210
Plant,rentalmachinesandotherproperty—net G13,756 15,175
Long-termfinancingreceivables F9,628 10,950
Prepaidpensionassets V20,625 20,394
Investmentsandsundryassets H4,974 7,115
Goodwill I9,441 8,437
Intangibleassets—net I1,663 1,789
TotalAssets $«105,748 $«111,003
LiabilitiesandStockholders’ Equity
Currentliabilities:
Taxes P$«««««4,710 $«««««4,728
Short-termdebt K&L 7,216 8,099
Accountspayable 7,349 9,444
Compensationandbenefits 3,325 3,804
Deferredincome 7,319 7,175
Otheraccruedexpensesandliabilities 5,233 6,536
Totalcurrentliabilities 35,152 39,786
Long-termdebt K&L 15,425 14,828
Retirementandnonpensionpostretirementbenefitobligations V13,779 15,883
Otherliabilities M8,294 8,818
TotalLiabilities 72,650 79,315
ContingenciesandCommitments O
Stockholders’equity: N
Commonstock,parvalue$.20pershareandadditionalpaid-incapital 28,926 26,673
Sharesauthorized:4,687,500,000
Sharesissued(2005—1,981,259,104;2004—1,962,687,087)
Retainedearnings 44,734 38,148
Treasurystock,atcost(shares:2005—407,279,343;2004—317,094,633) (38,546) (31,072)
Accumulatedgainsand(losses)notaffectingretainedearnings N(2,016) (2,061)
TotalStockholders’ Equity 33,098 31,688
TotalLiabilitiesandStockholders’ Equity $«105,748 $«111,003
Theaccompanyingnotesonpages 54 through 100 areanintegralpartofthefinancialstatements.
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