IBM 2014 Annual Report Download - page 83

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82 Consolidated Statement of Financial Position
International Business Machines Corporation and Subsidiary Companies
($ in millions except per share amounts)
At December 31: Notes 2014 2013
Assets
Current assets
Cash and cash equivalents $ 8,476 $ 10,716
Marketable securities D0350
Notes and accounts receivable—trade (net of allowances of $336 in 2014 and $291 in 2013) 9,090 10,465
Short-term financing receivables (net of allowances of $452 in 2014 and $308 in 2013) F19,835 19,787
Other accounts receivable (net of allowances of $40 in 2014 and $36 in 2013) 2,906 1,584
Inventories E2,103 2,310
Deferred taxes N2,044 1,651
Prepaid expenses and other current assets 4,967 4,488
Total current assets 49,422 51,350
Property, plant and equipment G39,034 40,475
Less: Accumulated depreciation G28,263 26,654
Property, plant and equipment—net G10,771 13,821
Long-term financing receivables (net of allowances of $126 in 2014 and $80 in 2013) F11,109 12,755
Prepaid pension assets S2,160 5,551
Deferred taxes N4,808 3,051
Goodwill I30,556 31,184
Intangible assets—net I3,104 3,871
Investments and sundry assets H5,603 4,639
Total assets $ 117,532 $ 126,223
Liabilities and equity
Current liabilities
Taxes N$ 5,084 $ 4,633
Short-term debt D&J 5,731 6,862
Accounts payable 6,864 7,461
Compensation and benefits 4,031 3,893
Deferred income 11,877 12,557
Other accrued expenses and liabilities 6,013 4,748
Total current liabilities 39,600 40,154
Long-term debt D&J 35,073 32,856
Retirement and nonpension postretirement benefit obligations S18,261 16,242
Deferred income 3,691 4,108
Other liabilities K8,892 9,934
Total liabilities 105,518 103,294
Contingencies and commitments M
Equity L
IBM stockholders’ equity
Common stock, par value $.20 per share, and additional paid-in capital 52,666 51,594
Shares authorized: 4,687,500,000
Shares issued (2014—2,215,209,574; 2013—2,207,522,548)
Retained earnings 137,793 130,042
Treasury stock, at cost (shares: 2014—1,224,685,815; 2013—1,153,131,611) (150,715) (137,242)
Accumulated other comprehensive income/(loss) (27,875) (21,602)
Total IBM stockholders’ equity 11,868 22,792
Noncontrolling interests A146 137
Total equity 12,014 22,929
Total liabilities and equity $ 117,532 $ 126,223
Amounts may not add due to rounding.
The accompanying notes on pages 86 through 150 are an integral part of the financial statements.