IBM 2015 Annual Report Download - page 149
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147
Five-Year Comparison of Selected Financial Data
International Business Machines Corporation and Subsidiary Companies
($ inmillions except per share amounts)
For the year ended December 31: 2015 2014 2013 2012 2011
Revenue $ 81,741 $ 92,793 $ 98,367 $102,874 $105,056
Income from continuing operations $ 13,364 $ 15,751 $ 16,881 $ 16,999 $ 16,108
Loss from discontinued operations, net of tax $ (174) $ (3,729) $ (398) $ (395) $ (253)
Net income $ 13,190 $ 12,022 $ 16,483 $ 16,604 $ 15,855
Operating (non-GAAP) earnings* $ 14,659 $ 16,702 $ 18,356 $ 18,022 $ 16,571
Earnings/(loss) per share of common stock:
Assuming dilution:
Continuing operations $ 13.60 $ 15.59 $ 15.30 $ 14.71 $ 13.27
Discontinued operations $ (0.18) $ (3.69) $ (0.36) $ (0.34) $ (0.21)
Total $ 13.42 $ 11.90 $ 14.94 $ 14.37 $ 13.06
Basic:
Continuing operations $ 13.66 $ 15.68 $ 15.42 $ 14.88 $ 13.46
Discontinued operations $ (0.18) $ (3.71) $ (0.36) $ (0.35) $ (0.21)
Total $ 13.48 $ 11.97 $ 15.06 $ 14.53 $ 13.25
Diluted operating (non-GAAP)* $ 14.92 $ 16.53 $ 16.64 $ 15.60 $ 13.65
Cash dividends paid on common stock $ 4,897 $ 4,265 $ 4,058 $ 3,773 $ 3,473
Per share of common stock 5.00 4.25 3.70 3.30 2.90
Investment in property, plant and equipment $ 3,579 $ 3,740 $ 3,623 $ 4,082 $ 4,108
Return on IBM stockholders’ equity 101.1% 72.5% 83.8% 81.6% 71.2%
At December 31: 2015 2014 2013 2012 2011
Total as sets $110,495 $117,271 ** +$125,641 ** +$118,965 ** +$116,128 ** +
Net investment in property, plant and equipment $ 10,727 $ 10,771 $ 13,821 $ 13,996 $ 13,883
Working capital $ 8,235 $ 7,797** $ 9,610** $ 4,413** $ 7,347**
Total de bt $ 39,890 $ 40,722+$ 39,637+$ 33,209+$ 31,265+
Total eq uit y $ 14,424 $ 12,014 $ 22,929 $ 18,984 $ 20,236
* Refer to the “GAAP Reconciliation,” on pages 63 and 151 of the company’s 2014 Annual Report for the reconciliation of non-GAAP financial information for 2012 and 2011,
respectively. Also see “GAAP Reconciliation,” on pages 41 and 59 for the reconciliation of non-GAAP financial information for 2015, 2014 and 2013.
** Reclassified to reflect adoption of the FASB guidance on deferred taxes in consolidated financial statements. Refer to noteB, “Accounting Changes,” for additional information.
+ Reclassified to reflect adoption of the FASB guidance on debt issuance costs in consolidated financial statements. Refer to noteB, “Accounting Changes,” for additional information.