IBM 2013 Annual Report Download - page 25

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24 Financial Highlights
International Business Machines Corporation and Subsidiary Companies
($ in millions except per share amounts)
For the year ended December 31: 2013 2012
Revenue $ 99,751 $104,507
Net income $ 16,483 $ 16,604
Operating (non-GAAP) earnings* $ 17,959 $ 17,627
Earnings per share of common stock
Assuming dilution $ 14.94 $ 14.37
Basic $ 15.06 $ 14.53
Diluted operating (non-GAAP)* $ 16.28 $ 15.25
Net cash provided by operating activities $ 17,485 $ 19,586
Capital expenditures, net 3,768 4,307
Share repurchases 13,859 11,995
Cash dividends paid on common stock 4,058 3,773
Per share of common stock 3.70 3.30
At December 31: 2013 2012
Cash, cash equivalents and marketable securities $ 11,066 $ 11,128
Total assets 126,223 119,213
Working capital 11,196 5,807
Total debt 39,718 33,269
Total equity 22,929 18,984
Common shares outstanding (in millions) 1,054 1,117
Market capitalization $197,772 $214,032
Stock price per common share $ 187.57 $ 191.55
Number of employees in IBM/wholly owned subsidiaries 431,212 434,246
* See page 46 for a reconciliation of net income to operating earnings.