IBM 2010 Annual Report Download - page 17

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20101970 1980 1990 2000
$160
$20
$40
$60
$80
$100
$120
$140
IBM Share Price*
(Adjusted for stock splits)
Building Smarter Energy
and Water Systems
1965 Analyzed ways to increase
power output of hydroelectric
dams in France.
2009 Helped implement
the world’s first nationwide
smart grid for Malta’s
energy and water systems.
Developing Banking
Infrastructure
1997 Created first global
settlement system for currency
exchange, averaging $4 trillion
a day, with the CLS Group, an
industry consortium.
2008 Introduced world’s first
real-time securities settlement
system for Mexico.
Upgrading the
Retail Experience
1974 Supermarkets start
scanning UPC barcodes,
invented by IBM.
2010 Collaborated with
Thailand’s Ministry of
Agriculture and Cooperatives
to implement food traceability
technologies with farmers,
exporters and retailers.
Reinventing Transportation
1930 IBM receives patent
for traffic signal timing system.
2010 Helped speed
development of GM’s
Chevrolet Volt electric vehicle
with sophisticated design
and simulation software.
• 1985
Net income:
$6.6 billion
Revenue:
exceeds
$50 billion
• 2000
Net income:
$7 billion
Revenue:
$85.1 billion
2010 •
Net income:
$14.8 billion
Revenue:
$99.9 billion
*Reects IBM share price from November 1915 through January 19, 2011, the day after IBM’s 2010 earnings announcement. IBM share price from December 1925 to December 2010 was calculated
(or derived) based on data from CRSP US Stock Database © 2010. Center for Research in Security Prices (CRSP), The University of Chicago Booth School of Business.
“Generating Higher Value at IBM” includes selected references to certain non-GAAP nancial measures that are made to facilitate a comparative view of the company’s ongoing operational performance.
For information about the company’s nancial results related to (i) free cash ow excluding Global Financing receivables and (ii) operating (non-GAAP) earnings, which are in each case non-GAAP measures,
see the company’s Form 8-K submitted to the SEC on January 18, 2011 (Attachment II
—
Non-GAAP Supplementary Materials).
… IBM has changed global business and society, in the
process generating strong financial results and superior
returns to our owners.
One hundred years of driving progress gives us confidence
that we can continue to do so
—
and to deliver superior
returns
—
in our second century.
125
Over that same period the
Dow Jones Industrial Average
has appreciated about
Since 1915, IBM stock has
appreciated more than
times its original value. times.
40,000
15Generating Higher Value at IBM