IBM 2006 Annual Report Download - page 59

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Black
MAC
129 CG10
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
INTERNATIONAL BUSINESS MACHINES CORPORATION AND SUBSIDIARY COMPANIES
57
(Dollars in millions except per share amounts)
AT DECEMBER 31: NOTES 2006 2005
Assets
Current assets:
Cash and cash equivalents $ , $ ,
Marketable securities D , ,
Notes and accounts receivable—trade (net of allowances of $221 in 2006
and $267 in 2005) , ,
Short-term financing receivables (net of allowances of $307 in 2006
and $422 in 2005) F , ,
Other accounts receivable (net of allowances of $15 in 2006 and $7 in 2005)  ,
Inventories E , ,
Deferred taxes P , ,
Prepaid expenses and other current assets , ,
Total current assets , ,
Plant, rental machines and other property G , ,
Less: Accumulated depreciation G , ,
Plant, rental machines and other property—net G , ,
Long-term financing receivables F , ,
Prepaid pension assets V , ,
Goodwill I , ,
Intangible assets—net I , ,
Investments and sundry assets H , ,
Total Assets $, $,
Liabilities and Stockholders’ Equity
Current liabilities:
Taxes P $ , $ ,
Short-term debt K&L , ,
Accounts payable , ,
Compensation and benefits , ,
Deferred income , ,
Other accrued expenses and liabilities , ,
Total current liabilities , ,
Long-term debt K&L , ,
Retirement and nonpension postretirement benefit obligations V , ,
Other liabilities M , ,
Total Liabilities , ,
Contingencies and Commitments O
Stockholders’ equity: N
Common stock, par value $.20 per share and additional paid-in capital , ,
Shares authorized: 4,687,500,000
Shares issued (2006—2,008,470,383; 2005—1,981,259,104)
Retained earnings , ,
Treasury stock, at cost (shares: 2006—501,987,771; 2005—407,279,343) (,) (,)
Accumulated gains and (losses) not affecting retained earnings N (,) (,)
Total Stockholders’ Equity , ,
Total Liabilities and Stockholders’ Equity $, $,
The accompanying notes on pages 62 through 115 are an integral part of the financial statements.