IBM 2011 Annual Report Download - page 11

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$16.3 billion
operating net income*
up 9 percent from 2010
*non-GAAP
$18.5 billion
returned
in share repurchases
and dividends
$107billion
revenue
up 7 percent from 2010
$16.6 billion
free cash flow
up for the ninth
consecutive year
$13.44
operating
earnings
per share*
up 15 percent, the ninth
consecutive year of
double-digit growth
*non-GAAP
2015 IBM Road Map
2011 Performance
Looking ahead to 2015, we will continue our
transformation for growth…
In 2011 IBM delivered record performance in revenue,
profit, earnings per share and free cash flow.
Each year IBM describes how the company manages its business and serves its shareholders
in a detailed financial road map.
A long-term perspective ensures IBM is well positioned to take advantage of major shifts
occurring in technology, business and the global economy. It also galvanizes the company
to deliver superior performance.
15%
20112010
11.67
13.44
Generating
Higher Value
at IBM
Generating Higher Value at IBM 9