IBM 2011 Annual Report Download - page 74

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72
Consolidated Statement of Financial Position
International Business Machines Corporation and Subsidiary Companies
($ in millions except per share amounts)
At December 31: Notes 2011 2010
Assets
Current assets
Cash and cash equivalents $ 11,922 $ 10,661
Marketable securities D0990
Notes and accounts receivable—trade (net of allowances of $256 in 2011 and $324 in 2010) 11,179 10,834
Short-term financing receivables (net of allowances of $311 in 2011 and $342 in 2010) F16,901 16,257
Other accounts receivable (net of allowances of $11 in 2011 and $10 in 2010) 1,481 1,134
Inventories E2,595 2,450
Deferred taxes N1,601 1,564
Prepaid expenses and other current assets 5,249 4,226
Total current assets 50,928 48,116
Property, plant and equipment G40,124 40,289
Less: Accumulated depreciation G26,241 26,193
Property, plant and equipment—net G13,883 14,096
Long-term financing receivables (net of allowances of $38 in 2011 and $58 in 2010) F10,776 10,548
Prepaid pension assets S2,843 3,068
Deferred taxes N3,503 3,220
Goodwill I26,213 25,136
Intangible assets—net I3,392 3,488
Investments and sundry assets H4,895 5,778
Total assets $ 116,433 $113,452
Liabilities and equity
Current liabilities
Ta xes N$ 3,313 $ 4,216
Short-term debt D&J 8,463 6,778
Accounts payable 8,517 7,804
Compensation and benefits 5,099 5,028
Deferred income 12,197 11,580
Other accrued expenses and liabilities 4,535 5,156
Total current liabilities 42,123 40,562
Long-term debt D&J 22,857 21,846
Retirement and nonpension postretirement benefit obligations S 18,374 15,978
Deferred income 3,847 3,666
Other liabilities K 8,996 8,226
Total liabilities 96,197 90,279
Contingencies and commitments M
Equity L
IBM stockholders’ equity
Common stock, par value $.20 per share, and additional paid-in capital 48,129 45,418
Shares authorized: 4,687,500,000
Shares issued (2011—2,182,469,838; 2010—2,161,800,054)
Retained earnings 104,857 92,532
Treasury stock, at cost (shares: 2011—1,019,287,274; 2010—933,806,510) (110,963) (96,161)
Accumulated other comprehensive income/(loss) (21,885) (18,743)
Total IBM stockholders’ equity 20,138 23,046
Noncontrolling interests A 97 126
Total equity 20,236 23,172
Total liabilities and equity $ 116,433 $113,452
Amounts may not add due to rounding.
The accompanying notes on pages 76 through 139 are an integral part of the financial statements.