IBM 2005 Annual Report Download - page 11
Download and view the complete annual report
Please find page 11 of the 2005 IBM annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.10_
(Dollarsinmillionsexceptpershareamounts)
FORTHEYEAR 2005 2004
Revenue $«««91,134 $«««96,293
Incomefromcontinuingoperations $«««««7,994 $«««««7,497
Lossfromdiscontinuedoperations (24) (18)
Incomebeforecumulativeeffectofchangeinaccountingprinciple 7,970 7,479
Cumulativeeffectofchangeinaccountingprinciple** (36) —
Netincome $«««««7,934 $«««««7,479
Earnings/(loss)pershareofcommonstock:
Assumingdilution:
Continuingoperations $«««««««4.91 $«««««««4.39
Discontinuedoperations (0.01) (0.01)
Beforecumulativeeffectofchangeinaccountingprinciple 4.90 4.38
Cumulativeeffectofchangeinaccountingprinciple** (0.02) —
Total $«««««««4.87* $«««««««4.38
Basic:
Continuingoperations $«««««««4.99 $«««««««4.48
Discontinuedoperations (0.02) (0.01)
Beforecumulativeeffectofchangeinaccountingprinciple 4.98* 4.47
Cumulativeeffectofchangeinaccountingprinciple** (0.02) —
Total $«««««««4.96 $«««««««4.47
Netcashprovidedbyoperatingactivitiesfromcontinuingoperations $«««14,914 $«««15,349
Capitalexpenditures,net 3,527 3,745
Sharerepurchase 7,739 7,145
Cashdividendspaidoncommonstock 1,250 1,174
Pershareofcommonstock 0.78 0.70
ATYEAREND 2005 2004
Cash,cashequivalentsandmarketablesecurities $«««13,686 $«««10,570
Totalassets 105,748 111,003
Workingcapital 10,509 7,357
Totaldebt 22,641 22,927
Stockholders’equity 33,098 31,688
Commonsharesoutstanding(inmillions) 1,574 1,646
Marketcapitalization $«129,381 $«162,223
Stockpricepercommonshare $«««««82.20 $«««««98.58
NumberofemployeesinIBM/whollyownedsubsidiaries 329,373 329,001
* Doesnottotalduetorounding.
** ReflectsimplementationofFASBInterpretationNo.47.Seenote B,“AccountingChanges,”onpages61 and62 foradditionalinformation.
FinancialHighlights