IBM 2015 Annual Report Download - page 144
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Notes to Consolidated Financial Statements
International Business Machines Corporation and Subsidiary Companies
142
The following tables reflect the results of continuing operations
of the company’s segments consistent with the management and
measurement system utilized within the company. Performance
measurement is based on pre-tax income from continuing opera-
tions. These results are used, in part, by senior management, both
in evaluating the performance of, and in allocating resources to,
each of the segments.
In January 2015, the company’s business process outsourc-
ing business, Global Process Services, which was previously
managed within Global Technology Services, was integrated
into Global Business Services, creating an end-to-end business
transformation capability for clients and to better leverage the
company’s industry knowledge. The following tables reflect this
reclassification for the prior-year periods.
Management System Segment View
($ inmillions)
Global Services Segments
For the year ended December 31:
Global
Techn olo gy
Services
Global
Business
Services Software
Systems
Hardware
Global
Financing
Tota l
Segments
2015
External revenue $32,017 $17,166 $22,932 $ 7,581 $1,840 $ 81,535
Internal revenue 823 499 3,267 451 2,637 7,676
Total revenue $32,840 $17,664 $26,199 $ 8,032 $4,477 $ 89,211
Pre-tax income from continuing operations $ 5,002 $ 2,634 $ 9,066 $ 604 $2,364 $ 19,670
Revenue year-to-year change (9.7)% (11.9)% (9.4)% (24.5)% (1.0)% (11.3)%
Pre-tax income year-to-year change (15.7)% (22.7)% (15.3)% NM 8.0% (11.6)%
Pre-tax income margin 15.2% 14.9% 34.6% 7.5% 52.8% 22.0%
2014*
External revenue $35,442 $19,512 $25,434 $ 9,996 $2,034 $ 92,418
Internal revenue 934 543 3,496 647 2,488 8,108
Total revenue $36,376 $20,055 $28,931 $10,643 $4,522 $100,527
Pre-tax income from continuing operations $ 5,931 $ 3,408 $10,699 $ 34 $2,189 $ 22,262
Revenue year-to-year change (1.2)% (8.5)% (0.7)% (21.6)% 5.1% (4.9)%
Pre-tax income year-to-year change (10.8)% (3.9)% (3.7)% (84.1)% 0.8% (6.0)%
Pre-tax income margin 16.3% 17.0% 37.0% 0.3% 48.4% 22.1%
2013*
External revenue $35,737 $21,210 $25,932 $12,988 $2,022 $ 97,889
Internal revenue 1,063 714 3,191 593 2,282 7,843
Total revenue $36,800 $21,924 $29,123 $13,581 $4,304 $105,732
Pre-tax income from continuing operations $ 6,649 $ 3,548 $11,106 $ 213 $2,171 $ 23,687
Revenue year-to-year change (4.7)% (0.8)% 1.4% (18.7)% 5.7% (4.0)%
Pre-tax income year-to-year change (0.3)% 8.4% 2.7% (88.6)% 6.8% (3.9)%
Pre-tax income margin 18.1% 16.2% 38.1% 1.6% 50.4% 22.4%
* Reclassified to conform with 2015 presentation.
NM—Not meaningful