International Business Machines Corp.
Cash Flow Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $5.75B | $11.87B | $13.19B | $12.02B | $16.48B | $16.60B | $15.86B | $14.83B |
| Depreciation & Amortization | — | — | — | — | — | — | — | — |
| Depreciation | $3.02B | $2.84B | $2.66B | $3.15B | $3.33B | $3.39B | $3.59B | $3.66B |
| Amortization | $1.52B | $1.54B | $1.19B | $1.35B | $1.35B | $1.28B | $1.23B | $1.17B |
| Stock-Based Compensation | $534.0M | $544.0M | $468.0M | $512.0M | $614.0M | $688.0M | $697.0M | $629.0M |
| Net Cash from Operating Activities | $16.72B | $17.08B | $17.26B | $16.87B | $17.49B | $19.59B | $19.85B | $19.55B |
| Investing Activities | ||||||||
| Capital Expenditures | $3.23B | $3.57B | $3.58B | $3.74B | $3.62B | $4.08B | $4.11B | $4.19B |
| Business Acquisitions | $496.0M | $5.70B | $3.35B | $656.0M | $3.06B | $3.72B | $1.81B | $5.92B |
| Net Cash from Investing Activities | $-7.08B | $-10.93B | $-8.16B | $-3.00B | — | — | — | $-8.51B |
| Financing Activities | ||||||||
| Dividends Paid | $5.51B | $5.26B | $4.90B | $4.27B | $4.06B | $3.77B | $3.47B | $3.18B |
| Stock Repurchases | $4.34B | $3.50B | $4.61B | $13.68B | $13.86B | $12.00B | $15.05B | $15.38B |
| Net Cash from Financing Activities | $-6.42B | $-5.92B | $-9.41B | $-15.45B | — | — | — | $-12.43B |
| Net Change in Cash | $4.15B | $140.0M | $-790.0M | $-2.24B | $304.0M | $-1.51B | — | $-1.52B |
| Free Cash Flow | $13.50B | $13.52B | $13.68B | $13.13B | $13.86B | $15.50B | $15.74B | $15.36B |