IBM 2013 Annual Report Download - page 81

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80 Consolidated Statement of Financial Position
International Business Machines Corporation and Subsidiary Companies
($ in millions except per share amounts)
At December 31: Notes 2013 2012
Assets
Current assets
Cash and cash equivalents $ 10,716 $ 10,412
Marketable securities D350 717
Notes and accounts receivable—trade (net of allowances of $291 in 2013 and $255 in 2012) 10,465 10,667
Short-term financing receivables (net of allowances of $308 in 2013 and $288 in 2012) F19,787 18,038
Other accounts receivable (net of allowances of $36 in 2013 and $17 in 2012) 1,584 1,873
Inventories E2,310 2,287
Deferred taxes N1,651 1,415
Prepaid expenses and other current assets 4,488 4,024
Total current assets 51,350 49,433
Property, plant and equipment G40,475 40,501
Less: Accumulated depreciation G26,654 26,505
Property, plant and equipment—net G13,821 13,996
Long-term financing receivables (net of allowances of $80 in 2013 and $66 in 2012) F12,755 12,812
Prepaid pension assets S5,551 945
Deferred taxes N3,051 3,973
Goodwill I31,184 29,247
Intangible assets—net I3,871 3,787
Investments and sundry assets H4,639 5,021
Total assets $ 126,223 $ 119,213
Liabilities and equity
Current liabilities
Ta xes N$ 4,633 $ 4,948
Short-term debt D&J 6,862 9,181
Accounts payable 7,461 7,952
Compensation and benefits 3,893 4,745
Deferred income 12,557 11,952
Other accrued expenses and liabilities 4,748 4,847
Total current liabilities 40,154 43,625
Long-term debt D&J 32,856 24,088
Retirement and nonpension postretirement benefit obligations S 16,242 20,418
Deferred income 4,108 4,491
Other liabilities K 9,934 7,607
Total liabilities 103,294 100,229
Contingencies and commitments M
Equity L
IBM stockholders’ equity
Common stock, par value $.20 per share, and additional paid-in capital 51,594 50,110
Shares authorized: 4,687,500,000
Shares issued (2013—2,207,522,548; 2012—2,197,561,159)
Retained earnings 130,042 117,641
Treasury stock, at cost (shares: 2013—1,153,131,611; 2012—1,080,193,483) (137,242)(123,131)
Accumulated other comprehensive income/(loss) (21,602)(25,759)
Total IBM stockholders’ equity 22,792 18,860
Noncontrolling interests A 137 124
Total equity 22,929 18,984
Total liabilities and equity $ 126,223 $ 119,213
Amounts may not add due to rounding.
The accompanying notes on pages 84 through 146 are an integral part of the financial statements.