IBM 2012 Annual Report Download - page 73

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72
72 Consolidated Statement of Financial Position
International Business Machines Corporation and Subsidiary Companies
($ in millions except per share amounts)
At December 31: Notes 2012 2011
Assets
Current assets
Cash and cash equivalents $ 10,412 $ 11,922
Marketable securities D717 0
Notes and accounts receivable—trade (net of allowances of $255 in 2012 and $256 in 2011) 10,667 11,179
Short-term financing receivables (net of allowances of $288 in 2012 and $311 in 2011) F18,038 16,901
Other accounts receivable (net of allowances of $17 in 2012 and $11 in 2011) 1,873 1,481
Inventories E2,287 2,595
Deferred taxes N1,415 1,601
Prepaid expenses and other current assets 4,024 5,249
Total current assets 49,433 50,928
Property, plant and equipment G40,501 40,124
Less: Accumulated depreciation G26,505 26,241
Property, plant and equipment—net G13,996 13,883
Long-term financing receivables (net of allowances of $66 in 2012 and $38 in 2011) F12,812 10,776
Prepaid pension assets S945 2,843
Deferred taxes N3,973 3,503
Goodwill I29,247 26,213
Intangible assets—net I3,787 3,392
Investments and sundry assets H5,021 4,895
Total assets $ 119,213 $ 116,433
Liabilities and equity
Current liabilities
Ta xe s N$ 4,948 $ 3,313
Short-term debt D&J 9,181 8,463
Accounts payable 7,952 8,517
Compensation and benefits 4,745 5,099
Deferred income 11,952 12,197
Other accrued expenses and liabilities 4,847 4,535
Total current liabilities 43,625 42,123
Long-term debt D&J 24,088 22,857
Retirement and nonpension postretirement benefit obligations S 20,418 18,374
Deferred income 4,491 3,847
Other liabilities K 7,607 8,996
Total liabilities 100,229 96,197
Contingencies and commitments M
Equity L
IBM stockholders’ equity
Common stock, par value $.20 per share, and additional paid-in capital 50,110 48,129
Shares authorized: 4,687,500,000
Shares issued (2012—2,197,561,159; 2011—2,182,469,838)
Retained earnings 117,641 104,857
Treasury stock, at cost (shares: 2012—1,080,193,483; 2011—1,019,287,274) (123,131)(110,963)
Accumulated other comprehensive income/(loss) (25,759)(21,885)
Total IBM stockholders’ equity 18,860 20,138
Noncontrolling interests A 124 97
Total equity 18,984 20,236
Total liabilities and equity $ 119,213 $ 116,433
Amounts may not add due to rounding.
The accompanying notes on pages 76 through 138 are an integral part of the financial statements.