International Business Machines Corp.
Income Statement
| Line Item | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $79.60B | $79.10B | $79.90B | $81.70B | $92.80B | $98.90B | $102.90B | $106.90B |
| Software | $21.20B | $19.50B | $19.20B | $20.40B | $22.90B | $25.80B | $25.90B | $24.70B |
| Consulting | $17.20B | $16.30B | $16.40B | $18.30B | $18.40B | $18.40B | $19.20B | $19.30B |
| Infrastructure | $40.60B | $42.20B | $42.40B | $41.90B | $49.40B | $52.90B | $57.10B | $58.00B |
| Financing | $1.00B | $1.20B | $1.50B | $1.60B | $1.80B | $1.80B | $2.00B | $2.10B |
| Cost of Revenue | $42.66B | $42.20B | $41.40B | $41.06B | $46.39B | $49.68B | $52.51B | $56.78B |
| Gross Profit | $36.94B | $36.94B | $38.52B | $40.68B | $46.41B | $48.68B | $50.36B | $50.14B |
| Gross Margin | 46.4% | 46.7% | 48.2% | 49.8% | 50.0% | 49.2% | 48.9% | 46.9% |
| Operating Expenses | ||||||||
| Research & Development | $5.38B | $5.59B | $5.73B | $5.25B | $5.44B | $5.74B | $5.82B | $6.26B |
| SG&A Expense | $19.37B | $19.68B | $20.87B | $20.43B | $23.18B | $23.45B | $23.46B | $23.59B |
| Operating Income | $12.07B | $12.02B | $12.96B | $16.41B | $20.47B | $20.65B | $23.00B | $21.41B |
| Operating Margin | 15.2% | 15.2% | 16.2% | 20.1% | 22.1% | 20.9% | 22.4% | 20.0% |
| Interest Expense | $723.0M | $615.0M | $630.0M | $468.0M | $484.0M | $402.0M | $459.0M | $411.0M |
| Pretax Income | $11.34B | $11.40B | $12.33B | $15.95B | $19.99B | $20.24B | $22.54B | $21.00B |
| Income Tax Expense | $2.62B | $5.64B | $449.0M | $2.58B | $4.23B | $3.36B | $5.54B | $5.15B |
| Net Income | $8.73B | $5.75B | $11.87B | $13.19B | $12.02B | $16.48B | $16.60B | $15.86B |
| Net Margin | 11.0% | 7.3% | 14.9% | 16.1% | 13.0% | 16.7% | 16.1% | 14.8% |
| EPS (Basic) | $9.57 | $6.17 | $12.43 | $13.48 | $11.97 | $15.06 | $14.53 | $13.25 |
| EPS (Diluted) | $9.52 | $6.14 | $12.38 | $13.42 | $11.90 | $14.94 | $14.37 | $13.06 |
| Shares Outstanding (Basic) | 912.0M | 932.8M | 955.4M | 978.7M | 1.00B | 1.09B | 1.14B | 1.20B |
| Shares Outstanding (Diluted) | 916.3M | 937.4M | 958.7M | 982.7M | 1.01B | 1.10B | 1.16B | 1.21B |
| Dividends Per Share | $6.21 | $5.90 | $5.50 | — | — | — | — | — |