IBM 2010 Annual Report Download - page 133

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131
Five-Year Comparison of Selected Financial Data
International Business Machines Corporation and Subsidiary Companies
($ in millions except per share amounts)
For the year ended December 31: 2010 2009 2008 2007 2006
Revenue $ 99,870 $ 95,758 $103,630 $98,786 $91,424
Income from continuing operations $ 14,833 $ 13,425 $ 12,334 $10,418 $ 9,416
Income/(loss) from discontinued operations* — — — (0) 76
Net income $ 14,833 $ 13,425 $ 12,334 $10,418 $ 9,492
Earnings/(loss) per share of common stock:
Assuming dilution:
Continuing operations $ 11.52 $ 10.01 $ 8.89 $ 7.15 $ 6.05
Discontinued operations* — — — (0.00) 0.05
Tota l $ 11.52 $ 10.01 $ 8.89 $ 7.15 $ 6.10
Basic:
Continuing operations $ 11.69 $ 10.12 $ 9.02 $ 7.27 $ 6.13
Discontinued operations* — — — (0.00) 0.05
Tota l $ 11.69 $ 10.12 $ 9.02 $ 7.27 $ 6.18
Cash dividends paid on common stock $ 3,177 $ 2,860 $ 2,585 $ 2,147 $ 1,683
Per share of common stock 2.50 2.15 1.90 1.50 1.10
Investment in plant, rental machines and other property $ 4,185 $ 3,447 $ 4,171 $ 4,630 $ 4,362
Return on IBM stockholders’ equity 66.8% 80.4% 48.7% 42.6% 29.3%
At December 31: 2010 2009 2008 2007 2006
Total assets $113,452 $109,022 $109,524 $120,431 $103,234
Net investment in plant, rental machines and other property 14,096 14,165 14,305 15,081 14,440
Working capital 7,554 12,933 6,568 8,867 4,569
Total debt 28,624 26,099 33,926 35,274 22,682
Total equity 23,172 22,755 13,584 28,615 28,635
* On December 31, 2002, the company sold its hard disk drive (HDD) business to Hitachi, Ltd. (Hitachi). The HDD business was accounted for as a discontinued operation under
generally accepted accounting principles in the United States (GAAP) and therefore, the HDD results of operations and cash flows have been removed from the company’s
results of continuing operations and cash flows for the years 2006 and 2007. There was no activity in 2008, 2009 or 2010.