IBM - International Business Machines Corporation

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Income statement
Balance sheet
Cash flow

Income statement

Annual
All numbers in thousands
Revenue31/12/201831/12/201731/12/201631/12/2015
Total revenue79,591,00079,139,00079,919,00081,741,000
Cost of revenue42,655,00042,196,00041,402,00041,057,000
Gross profit36,936,00036,943,00038,517,00040,684,000
Operating expenses
Research development5,379,0005,590,0005,726,0005,247,000
Selling general and administrative20,325,00020,900,00020,225,00019,589,000
Non-recurring----
Others-998,000-1,445,000-1,604,000-669,000
Total operating expenses67,361,00067,241,00065,749,00065,224,000
Operating income or loss12,230,00011,898,00014,170,00016,517,000
Income from continuing operations
Total other income/expenses net-888,000-498,000-1,840,000-572,000
Earnings before interest and taxes12,230,00011,898,00014,170,00016,517,000
Interest expense-723,000-615,000-630,000-468,000
Income before tax11,342,00011,400,00012,330,00015,945,000
Income tax expense2,619,0005,642,000449,0002,581,000
Minority interest134,000131,000146,000162,000
Net income from continuing ops8,723,0005,758,00011,881,00013,364,000
Non-recurring events
Discontinued operations5,000-5,000-9,000-174,000
Extraordinary items----
Effect of accounting changes----
Other items----
Net income
Net income8,728,0005,753,00011,872,00013,190,000
Preferred stock and other adjustments----
Net income applicable to common shares8,728,0005,753,00011,872,00013,190,000
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