International Business Machines Corp
NYSE:IBM
Income Statement
Earnings Waterfall
International Business Machines Corp
Revenue
|
61.9B
USD
|
Cost of Revenue
|
-27.6B
USD
|
Gross Profit
|
34.3B
USD
|
Operating Expenses
|
-25.2B
USD
|
Operating Income
|
9.1B
USD
|
Other Expenses
|
-1.6B
USD
|
Net Income
|
7.5B
USD
|
Income Statement
International Business Machines Corp
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
98 367
N/A
|
97 195
-1%
|
97 006
0%
|
96 065
-1%
|
92 793
-3%
|
90 147
-3%
|
86 913
-4%
|
83 796
-4%
|
81 741
-2%
|
80 836
-1%
|
80 261
-1%
|
80 207
0%
|
79 919
0%
|
79 389
-1%
|
78 440
-1%
|
78 367
0%
|
79 139
+1%
|
80 056
+1%
|
80 770
+1%
|
80 373
0%
|
79 591
-1%
|
78 702
-1%
|
77 860
-1%
|
77 132
-1%
|
57 714
-25%
|
57 104
-1%
|
56 066
-2%
|
41 841
-25%
|
55 179
+32%
|
50 795
-8%
|
46 890
-8%
|
56 338
+20%
|
57 350
+2%
|
58 361
+2%
|
59 678
+2%
|
60 534
+1%
|
60 530
0%
|
60 584
+0%
|
60 524
0%
|
61 169
+1%
|
61 860
+1%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(49 683)
|
(48 561)
|
(48 567)
|
(48 182)
|
(46 386)
|
(44 915)
|
(43 335)
|
(41 656)
|
(41 057)
|
(40 918)
|
(41 031)
|
(41 400)
|
(41 403)
|
(41 615)
|
(41 400)
|
(41 359)
|
(42 196)
|
(42 811)
|
(43 294)
|
(43 075)
|
(42 655)
|
(41 969)
|
(41 316)
|
(41 055)
|
(26 181)
|
(25 691)
|
(24 963)
|
(14 069)
|
(24 314)
|
(20 825)
|
(17 768)
|
(25 115)
|
(25 865)
|
(26 568)
|
(27 448)
|
(27 980)
|
(27 842)
|
(27 724)
|
(27 452)
|
(27 504)
|
(27 560)
|
|
Gross Profit |
48 684
N/A
|
48 634
0%
|
48 439
0%
|
47 883
-1%
|
46 407
-3%
|
45 232
-3%
|
43 578
-4%
|
42 140
-3%
|
40 684
-3%
|
39 918
-2%
|
39 230
-2%
|
38 807
-1%
|
38 516
-1%
|
37 774
-2%
|
37 040
-2%
|
37 008
0%
|
36 943
0%
|
37 245
+1%
|
37 476
+1%
|
37 298
0%
|
36 936
-1%
|
36 733
-1%
|
36 544
-1%
|
36 077
-1%
|
31 533
-13%
|
31 413
0%
|
31 103
-1%
|
27 772
-11%
|
30 865
+11%
|
29 970
-3%
|
29 122
-3%
|
31 223
+7%
|
31 485
+1%
|
31 793
+1%
|
32 230
+1%
|
32 554
+1%
|
32 688
+0%
|
32 860
+1%
|
33 072
+1%
|
33 665
+2%
|
34 300
+2%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(27 103)
|
(26 883)
|
(26 861)
|
(26 084)
|
(24 577)
|
(23 801)
|
(23 330)
|
(23 001)
|
(24 122)
|
(24 428)
|
(24 802)
|
(24 787)
|
(24 630)
|
(23 933)
|
(23 582)
|
(23 538)
|
(23 623)
|
(23 691)
|
(23 533)
|
(23 339)
|
(22 943)
|
(23 045)
|
(22 725)
|
(23 716)
|
(23 332)
|
(23 993)
|
(24 982)
|
(25 459)
|
(25 130)
|
(27 926)
|
(27 804)
|
(27 003)
|
(25 376)
|
(25 450)
|
(25 332)
|
(25 375)
|
(25 103)
|
(25 045)
|
(25 116)
|
(25 172)
|
(25 243)
|
|
Selling, General & Administrative |
(22 214)
|
(21 994)
|
(21 978)
|
(21 946)
|
(21 385)
|
(21 073)
|
(20 476)
|
(19 785)
|
(19 512)
|
(19 425)
|
(19 721)
|
(19 872)
|
(19 440)
|
(19 280)
|
(18 975)
|
(18 854)
|
(19 120)
|
(19 126)
|
(18 949)
|
(18 721)
|
(18 217)
|
(18 131)
|
(18 286)
|
(18 752)
|
(19 748)
|
(18 944)
|
(19 029)
|
(19 716)
|
(18 539)
|
(21 546)
|
(21 329)
|
(20 218)
|
(18 608)
|
(18 861)
|
(18 930)
|
(19 000)
|
(18 577)
|
(18 575)
|
(18 536)
|
(18 606)
|
(18 609)
|
|
Research & Development |
(5 743)
|
(5 501)
|
(5 571)
|
(5 569)
|
(5 437)
|
(5 333)
|
(5 272)
|
(5 205)
|
(5 247)
|
(5 407)
|
(5 572)
|
(5 682)
|
(5 726)
|
(5 752)
|
(5 723)
|
(5 617)
|
(5 590)
|
(5 510)
|
(5 438)
|
(5 399)
|
(5 379)
|
(5 407)
|
(5 450)
|
(5 751)
|
(5 963)
|
(6 155)
|
(6 330)
|
(6 240)
|
(6 262)
|
(6 253)
|
(6 312)
|
(6 455)
|
(6 488)
|
(6 551)
|
(6 583)
|
(6 588)
|
(6 567)
|
(6 543)
|
(6 557)
|
(6 631)
|
(6 775)
|
|
Depreciation & Amortization |
(370)
|
(372)
|
(379)
|
(375)
|
(374)
|
(362)
|
(340)
|
(317)
|
(304)
|
(324)
|
(388)
|
(451)
|
(503)
|
(534)
|
(525)
|
(514)
|
(496)
|
(476)
|
(458)
|
(443)
|
(435)
|
(422)
|
(408)
|
(574)
|
0
|
(655)
|
(844)
|
0
|
(1 104)
|
(556)
|
(548)
|
(833)
|
(1 116)
|
(840)
|
(841)
|
(808)
|
(1 062)
|
(1 026)
|
(988)
|
(988)
|
(995)
|
|
Other Operating Expenses |
1 224
|
984
|
1 067
|
1 806
|
2 619
|
2 967
|
2 758
|
2 306
|
941
|
728
|
879
|
1 218
|
1 039
|
1 633
|
1 641
|
1 447
|
1 583
|
1 421
|
1 312
|
1 224
|
1 088
|
915
|
1 419
|
1 361
|
2 379
|
1 761
|
1 221
|
497
|
775
|
429
|
385
|
503
|
836
|
802
|
1 022
|
1 021
|
1 103
|
1 099
|
965
|
1 053
|
1 136
|
|
Operating Income |
21 581
N/A
|
21 751
+1%
|
21 578
-1%
|
21 799
+1%
|
21 830
+0%
|
21 431
-2%
|
20 248
-6%
|
19 139
-5%
|
16 562
-13%
|
15 490
-6%
|
14 428
-7%
|
14 020
-3%
|
13 886
-1%
|
13 841
0%
|
13 458
-3%
|
13 470
+0%
|
13 320
-1%
|
13 554
+2%
|
13 943
+3%
|
13 959
+0%
|
13 993
+0%
|
13 688
-2%
|
13 819
+1%
|
12 361
-11%
|
8 201
-34%
|
7 420
-10%
|
6 121
-18%
|
2 313
-62%
|
5 735
+148%
|
2 044
-64%
|
1 318
-36%
|
4 220
+220%
|
6 109
+45%
|
6 343
+4%
|
6 898
+9%
|
7 179
+4%
|
7 585
+6%
|
7 815
+3%
|
7 956
+2%
|
8 493
+7%
|
9 057
+7%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(306)
|
(50)
|
(60)
|
(894)
|
(372)
|
(737)
|
(510)
|
(44)
|
(31)
|
(213)
|
(490)
|
(528)
|
(518)
|
(568)
|
(454)
|
(399)
|
(380)
|
(476)
|
(467)
|
(426)
|
(481)
|
(215)
|
(412)
|
(673)
|
(1 572)
|
(1 622)
|
(1 469)
|
(1 553)
|
(1 174)
|
(1 153)
|
(1 367)
|
(1 227)
|
(971)
|
(1 340)
|
(1 274)
|
(1 077)
|
(914)
|
(622)
|
(554)
|
(793)
|
(997)
|
|
Non-Reccuring Items |
(1 031)
|
(1 880)
|
(914)
|
(911)
|
(1 472)
|
(889)
|
(1 056)
|
(1 153)
|
(587)
|
(1 300)
|
(1 137)
|
(1 050)
|
(1 038)
|
(554)
|
(891)
|
(1 156)
|
(1 540)
|
(1 967)
|
(2 032)
|
(2 157)
|
(2 170)
|
(1 384)
|
(1 326)
|
(1 080)
|
577
|
(524)
|
(575)
|
1 831
|
(1 989)
|
1 974
|
2 255
|
(11)
|
(301)
|
213
|
402
|
(5 390)
|
(5 515)
|
(5 601)
|
(5 532)
|
544
|
630
|
|
Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
0
|
1
|
0
|
0
|
3
|
0
|
2
|
0
|
2
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Pre-Tax Income |
20 244
N/A
|
19 821
-2%
|
20 605
+4%
|
19 994
-3%
|
19 986
0%
|
19 805
-1%
|
18 681
-6%
|
17 941
-4%
|
15 945
-11%
|
13 978
-12%
|
12 803
-8%
|
12 445
-3%
|
12 330
-1%
|
12 721
+3%
|
12 115
-5%
|
11 917
-2%
|
11 400
-4%
|
11 113
-3%
|
11 446
+3%
|
11 377
-1%
|
11 342
0%
|
12 089
+7%
|
12 081
0%
|
10 607
-12%
|
7 206
-32%
|
5 274
-27%
|
4 077
-23%
|
2 591
-36%
|
2 572
-1%
|
2 865
+11%
|
2 206
-23%
|
2 983
+35%
|
4 837
+62%
|
5 217
+8%
|
6 027
+16%
|
713
-88%
|
1 156
+62%
|
1 591
+38%
|
1 869
+17%
|
8 243
+341%
|
8 690
+5%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(3 363)
|
(3 442)
|
(3 466)
|
(3 540)
|
(4 234)
|
(4 166)
|
(3 768)
|
(3 521)
|
(2 581)
|
(1 012)
|
(858)
|
(608)
|
(449)
|
(1 104)
|
(671)
|
(601)
|
(167)
|
150
|
(126)
|
(91)
|
(582)
|
(1 376)
|
(1 244)
|
(784)
|
86
|
1 609
|
1 655
|
1 518
|
1 470
|
164
|
258
|
463
|
(213)
|
(237)
|
(383)
|
680
|
696
|
411
|
143
|
(1 279)
|
(1 271)
|
|
Income from Continuing Operations |
16 881
|
16 379
|
17 139
|
16 454
|
15 752
|
15 639
|
14 913
|
14 420
|
13 364
|
12 966
|
11 945
|
11 837
|
11 881
|
11 617
|
11 444
|
11 316
|
11 233
|
11 263
|
11 320
|
11 286
|
10 760
|
10 713
|
10 837
|
9 823
|
7 292
|
6 883
|
5 732
|
4 109
|
4 042
|
3 029
|
2 464
|
3 446
|
4 624
|
4 980
|
5 644
|
1 393
|
1 852
|
2 002
|
2 012
|
6 964
|
7 419
|
|
Net Income (Common) |
16 483
N/A
|
15 835
-4%
|
16 746
+6%
|
12 723
-24%
|
12 022
-6%
|
11 966
0%
|
11 278
-6%
|
14 210
+26%
|
13 190
-7%
|
12 876
-2%
|
11 931
-7%
|
11 834
-1%
|
11 872
+0%
|
11 608
-2%
|
11 435
-1%
|
11 308
-1%
|
5 753
-49%
|
5 682
-1%
|
5 755
+1%
|
5 723
-1%
|
8 728
+53%
|
8 640
-1%
|
8 734
+1%
|
7 712
-12%
|
9 431
+22%
|
9 015
-4%
|
7 878
-13%
|
7 904
+0%
|
5 590
-29%
|
5 370
-4%
|
5 334
-1%
|
4 766
-11%
|
5 743
+20%
|
5 520
-4%
|
5 587
+1%
|
1 261
-77%
|
1 639
+30%
|
1 833
+12%
|
2 024
+10%
|
6 924
+242%
|
7 502
+8%
|