IBM 2010 Annual Report Download - page 65

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63
Consolidated Statement of Financial Position
International Business Machines Corporation and Subsidiary Companies
($ in millions except per share amounts)
At December 31: Notes 2010 2009
Assets
Current assets:
Cash and cash equivalents $ 10,661 $ 12,183
Marketable securities E 990 1,791
Notes and accounts receivable — trade (net of allowances of $324 in 2010 and $217 in 2009) 10,834 10,736
Short-term financing receivables (net of allowances of $342 in 2010 and $438 in 2009) G 16,257 14,914
Other accounts receivable (net of allowances of $10 in 2010 and $15 in 2009) 1,134 1,143
Inventories F 2,450 2,494
Deferred taxes P 1,564 1,730
Prepaid expenses and other current assets 4,226 3,946
Total current assets 48,116 48,935
Plant, rental machines and other property H 40,289 39,596
Less: Accumulated depreciation H 26,193 25,431
Plant, rental machines and other property — net H 14,096 14,165
Long-term financing receivables (net of allowances of $58 in 2010 and $97 in 2009) G 10,548 10,644
Prepaid pension assets U 3,068 3,001
Deferred taxes P 3,220 4,195
Goodwill J 25,136 20,190
Intangible assets — net J 3,488 2,513
Investments and sundry assets I 5,778 5,379
Total assets $113,452 $109,022
Liabilities and equity
Current liabilities:
Taxes P $ 4,216 $ 3,826
Short-term debt K&L 6,778 4,168
Accounts payable 7,804 7,436
Compensation and benefits 5,028 4,505
Deferred income 11,580 10,845
Other accrued expenses and liabilities 5,156 5,223
Total current liabilities 40,562 36,002
Long-term debt K&L 21,846 21,932
Retirement and nonpension postretirement benefit obligations U 15,978 15,953
Deferred income 3,666 3,562
Other liabilities M 8,226 8,819
Total liabilities 90,279 86,267
Contingencies and commitments O
Equity: N
IBM stockholders’ equity:
Common stock, par value $.20 per share and additional paid-in capital 45,418 41,810
Shares authorized: 4,687,500,000
Shares issued (2010 — 2 ,161,800,054; 2009 — 2,12 7,016,668)
Retained earnings 92,532 80,900
Treasury stock, at cost (shares: 2010 — 933,806,510; 2009 — 821,679,245) (96,161) (81,243)
Accumulated other comprehensive income/(loss) (18,743) (18,830)
Total IBM stockholders’ equity 23,046 22,637
Noncontrolling interests A 126 118
Total equity 23,172 22,755
Total liabilities and equity $113,452 $109,022
The accompanying notes on pages 68 through 130 are an integral part of the financial statements.