IBM 2014 Annual Report Download - page 152
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151
Five-Year Comparison of Selected Financial Data
International Business Machines Corporation and Subsidiary Companies
($ in millions except per share amounts)
For the year ended December 31: 2014 2013 2012 2011 2010
Revenue $ 92,793 $ 98,367 $102,874 $105,056 $ 98,018
Income from continuing operations $ 15,751 $ 16,881 $ 16,999 $ 16,108 $ 15,082
Loss from discontinued operations, net of tax $ (3,729) $ (398) $ (395) $ (253) $ (249)
Net income $ 12,022 $ 16,483 $ 16,604 $ 15,855 $ 14,833
Operating (non-GAAP) earnings $ 16,702 $ 18,356 $ 18,022 $ 16,571 $ 15,272
Earnings/(loss) per share of common stock:
Assuming dilution:
Continuing operations $ 15.59 $ 15.30 $ 14.71 $ 13.27 $ 11.71
Discontinued operations $ (3.69) $ (0.36)$ (0.34)$ (0.21)$ (0.19)
Total $ 11.90 $ 14.94 $ 14.37 $ 13.06 $ 11.52
Basic:
Continuing operations $ 15.68 $ 15.42 $ 14.88 $ 13.46 $ 11.89
Discontinued operations $ (3.71) $ (0.36)$ (0.35)$ (0.21)$ (0.20)
Total $ 11.97 $ 15.06 $ 14.53 $ 13.25 $ 11.69
Diluted operating (non-GAAP) $ 16.53 $ 16.64 $ 15.60 $ 13.65 $ 11.86
Cash dividends paid on common stock $ 4,265 $ 4,058 $ 3,773 $ 3,473 $ 3,177
Per share of common stock 4.25 3.70 3.30 2.90 2.50
Investment in property, plant and equipment $ 3,740 $ 3,623 $ 4,082 $ 4,108 $ 4,185
Return on IBM stockholders’ equity 72.5% 83.8% 81.6% 71.2% 66.8%
At December 31: 2014 2013 2012 2011 2010
Total as s ets $117,532 $126,223 $119,213 $116,433 $113,452
Net investment in property, plant and equipment $ 10,771 $ 13,821 $ 13,996 $ 13,883 $ 14,096
Working capital $ 9,822 $ 11,196 $ 5,807 $ 8,805 $ 7,554
Total de bt $ 40,804 $ 39,718 $ 33,269 $ 31,320 $ 28,624
Total equity $ 12,014 $ 22,929 $ 18,984 $ 20,236 $ 23,172
GAAP Reconciliation
Refer to the “GAAP Reconciliation,” on pages 45 and 63 for the
reconciliation of non-GAAP financial information for 2014, 2013 and
2012. See the adjacent table for the reconciliation of non-GAAP
financial information for 2011 and 2010. The reconciling items, as
described in the “Operating (non-GAAP) Earnings,” section on
page 22, have not changed from previously reported amounts.
($ in millions except per share amounts)
For the year ended December 31: 2011 2010
As reported:
Revenue $106,916 $99,870
Net income 15,855 14,833
Operating (non-GAAP) earnings 16,318 15,023
Diluted earnings per share 13.06 11.52
Diluted operating (non-GAAP) earnings per share 13.44 11.67
Continuing operations:
Revenue $105,056 $98,018
Income from continuing operations 16,108 15,082
Diluted earnings per share 13.27 11.71
Discontinued operations:
Revenue $ 1,859 $ 1,853
Loss from discontinued operations, net of tax (253) (249)
Diluted earnings per share (0.21) (0.19)
Operating (non-GAAP):
Operating (non-GAAP) earnings $ 16,571 $15,272
Diluted operating (non-GAAP) earnings per share 13.65 11.86