IBM 2009 Annual Report Download - page 67

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Consolidated Statement of Financial Position
INTERNATIONAL BUSINESS MACHINES CORPORATION AND SUBSIDIARY COMPANIES
($ in millions except per share amounts)
At December 31: Notes 2009 2008
Assets
Current assets:
Cash and cash equivalents $ 12,183 $ 12,741
Marketable securities E 1,791 166
Notes and accounts receivable — trade (net of allowances of $217 in 2009 and $226 in 2008) 10,736 10,906
Short-term financing receivables (net of allowances of $438 in 2009 and $351 in 2008) G 14,914 15,477
Other accounts receivable (net of allowances of $15 in 2009 and $55 in 2008) 1,143 1,172
Inventories F 2,494 2,701
Deferred taxes P 1,730 1,542
Prepaid expenses and other current assets 3,946 4,299
Total current assets 48,935 49,004
Plant, rental machines and other property H 39,596 38,445
Less: Accumulated depreciation H 25,431 24,140
Plant, rental machines and other property — net H 14,165 14,305
Long-term financing receivables (net of allowances of $97 in 2009 and $179 in 2008) G 10,644 11,183
Prepaid pension assets U 3,001 1,601
Deferred taxes P 4,195 7,270
Goodwill J 20,190 18,226
Intangible assets — net J 2,513 2,878
Investments and sundry assets I 5,379 5,058
Total assets $109,022 $109,524
Liabilities and equity
Current liabilities:
Taxes P $ 3,826 $ 2,743
Short-term debt K&L 4,168 11,236
Accounts payable 7,436 7,014
Compensation and benefits 4,505 4,623
Deferred income 10,845 10,239
Other accrued expenses and liabilities 5,223 6,580
Total current liabilities 36,002 42,435
Long-term debt K&L 21,932 22,689
Retirement and nonpension postretirement benefit obligations U 15,953 19,452
Deferred income 3,562 3,171
Other liabilities M 8,819 8,192*
Total liabilities 86,267 95,939*
Contingencies and Commitments O
Equity: N
IBM Stockholders’ equity:
Common stock, par value $.20 per share and additional paid-in capital 41,810 39,129
Shares authorized: 4,687,500,000
Shares issued (2009 — 2,127,016,668; 2008— 2,096,981,860)
Retained earnings 80,900 70,353
Treasury stock, at cost (shares: 2009 — 821,679,245; 2008 — 757,885,937) (81,243) (74,171)
Accumulated other comprehensive income/(loss) (18,830) (21,845)
Total IBM stockholders’ equity 22,637 13,465*
Noncontrolling interests* 118 119*
Total equity 22,755 13,584*
Total liabilities and equity $109,022 $109,524
* Reflects the adoption of the FASB guidance on noncontrolling interests in consolidated financial statements. See note B, “Accounting Changes,” on pages 79 to 82 for
additional information.
The accompanying notes on pages 70 through 126 are an integral part of the financial statements.
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