IBM 2008 Annual Report Download - page 18
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($ )
For the year: 2008 2007
Revenue $103,630 $ 98,786
Income from continuing operations $ 12,334 $ 10,418
Income/(loss) from discontinued operations —(00)
Net income $ 12,334 $ 10,418
Earnings/(loss) per share of common stock:
Assuming dilution:
Continuing operations $ 8.93 $ 7.18
Discontinued operations —(0.00)
Total $ 8.93 $ 7.18
Basic:
Continuing operations $ 9.07 $ 7.32
Discontinued operations —(0.00)
Total $ 9.07 $ 7.32
Net cash provided by operating activities from continuing operations $ 18,812 $ 16,094
Capital expenditures, net 4,536 4,968
Share repurchase 10,578 18,828
Cash dividends paid on common stock 2,585 2,147
Per share of common stock 1.90 1.50
At year end: 2008 2007
Cash, cash equivalents and marketable securities $ 12,907 $ 16,146
Total assets 109,524 120,431
Working capital 6,568 8,867
Total debt 33,926 35,274
Stockholders’ equity 13,465 28,470
Common shares outstanding (in millions) 1,339 1,385
Market capitalization $112,698 $149,744
Stock price per common share $ 84.16 $ 108.10
Number of employees in IBM/wholly owned subsidiaries 398,455 386,558
Financial Highlights