IBM 2008 Annual Report Download - page 62
Download and view the complete annual report
Please find page 62 of the 2008 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.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52 -
53 -
54 -
55 -
56 -
57 -
58 -
59 -
60 -
61 -
62 -
63 -
64 -
65 -
66 -
67 -
68 -
69 -
70 -
71 -
72 -
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
 |
 |
Management Discussion ............................................................................................. 18
Report Of Management ............................................................................................... 58
Report Of Independent Registered Public Accounting Firm ................................. 59
Consolidated Statements ............................................................................................ 60
Notes ............................................................................................................................... 66
Consolidated Statement of Earnings
INTERNATIONAL BUSINESS MACHINES CORPORATION and Subsidiary Companies
($ )
For the year ended December : Notes 2008 2007 2006
REVENUE:
Services $ 58,892 $54,057 $48,328
Sales 42,156 42,202 40,716
Financing 2,582 2,526 2,379
TOTAL REVENUE 103,630 98,786 91,424
COST:
Services 40,937 39,160 35,065
Sales 15,776 16,552 16,882
Financing 1,256 1,345 1,182
TOTAL COST 57,969 57,057 53,129
GROSS PROFIT 45,661 41,729 38,295
EXPENSE AND OTHER INCOME:
Selling, general and administrative 23,386 22,060 20,259
Research, development and engineering Q 6,337 6,153 6,107
Intellectual property and custom development income (1,153) (958) (900)
Other (income) and expense (298) (626) (766)
Interest expense K&L 673 611 278
TOTAL EXPENSE AND OTHER INCOME 28,945 27,240 24,978
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 16,715 14,489 13,317
Provision for income taxes P 4,381 4,071 3,901
INCOME FROM CONTINUING OPERATIONS 12,334 10,418 9,416
DISCONTINUED OPERATIONS:
Income/(loss) from discontinued operations, net of tax —(00) 76
NET INCOME $ 12,334 $10,418 $ 9,492
EARNINGS/(LOSS) PER SHARE OF COMMON STOCK:
ASSUMING DILUTION:
Continuing operations R $ 8.93 $ 7.18 $ 6.06
Discontinued operations —(0.00) 0.05
TOTAL R $ 8.93 $ 7.18 $ 6.11
BASIC:
Continuing operations R $ 9.07 $ 7.32 $ 6.15
Discontinued operations R —(0.00) 0.05
TOTAL R $ 9.07 $ 7.32 $ 6.20
WEIGHTED-AVERAGE NUMBER OF COMMON SHARES OUTSTANDING:
Assuming dilution 1,381,773,136 1,450,570,579 1,553,535,384
Basic 1,359,769,923 1,423,039,793 1,530,806,987
The accompanying notes on pages 66 through 119 are an integral part of the financial statements.