IBM 2006 Annual Report Download - page 58
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Black
MAC
129 CG10
CONSOLIDATED STATEMENT OF EARNINGS
INTERNATIONAL BUSINESS MACHINES CORPORATION AND SUBSIDIARY COMPANIES
56 2006 Annual Report
(Dollars in millions except per share amounts)
FOR THE YEAR ENDED DECEMBER 31: NOTES 2006 2005 2004
Revenue:
Global Services $, $, $,
Hardware , , ,
Software , , ,
Global Financing , , ,
Other
Total Revenue , , ,
Cost:
Global Services , , ,
Hardware , , ,
Software , , ,
Global Financing , , ,
Other
Total Cost , , ,
Gross Profit , , ,
Expense and Other Income:
Selling, general and administrative , , ,
Research, development and engineering Q , , ,
Intellectual property and custom development income () () (,)
Other (income) and expense () (,) ()
Interest expense K&L
Total Expense and Other Income , , ,
Income from Continuing Operations Before Income Taxes , , ,
Provision for income taxes P , , ,
Income from Continuing Operations , , ,
Discontinued Operations:
Income/(loss) from discontinued operations, net of tax () ()
Income before cumulative effect of change in accounting principle , , ,
Cumulative effect of change in accounting principle, net of tax* B — () —
Net Income $ , $ , $ ,
Earnings/(Loss) per Share of Common Stock:
Assuming Dilution:
Continuing operations S $ . $ . $ .
Discontinued operations S . (.) (.)
Before cumulative effect of change in accounting principle S . . .
Cumulative effect of change in accounting principle* — (.) —
Total S $ . $ . $ .
Basic:
Continuing operations S $ . $ . $ .
Discontinued operations S . (.) (.)
Before cumulative effect of change in accounting principle S . . .
Cumulative effect of change in accounting principle* S — (.) —
Total S $ . $ . $ .
Weighted-Average Number of Common Shares Outstanding:
Assuming dilution ,,, ,,, ,,,
Basic ,,, ,,, ,,,
* Reflects implementation of FASB Interpretation No. 47. See note B, “Accounting Changes,” on page
72 for additional information.
The accompanying notes on pages 62 through 115 are an integral part of the financial statements.