← INTERNATIONAL BUSINESS MACHINES CORP

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
ASSETS
Current assets:
Cash and Cash Equivalents, at Carrying Value $7.8b $12.0b $11.4b $8.2b $13.2b $6.7b $7.9b $13.1b $13.9b $13.6b
Prepaid Expense and Other Assets, Current $4.6b $3.9b $2.4b $2.1b $2.2b $3.5b $2.6b $2.6b $2.5b $2.5b
Cash and cash equivalents $7.8b $12.0b $11.4b $8.2b $13.2b $6.7b $7.9b $13.1b $13.9b $13.6b
Notes and accounts receivable—trade (net of allowances of $99 in 2025 and $114 in 2024) $9.2b $8.9b $7.4b $7.9b $7.1b $6.8b $6.5b $7.2b $6.8b $8.1b
Other accounts receivable (net of allowances of $37 in 2025 and $31 in 2024) $1.1b $981.0m $743.0m $1.7b $714.0m $1.0b $817.0m $640.0m $947.0m $1.1b
Prepaid expenses and other current assets $4.6b $3.9b $2.4b $2.1b $2.2b $3.5b $2.6b $2.6b $2.5b $2.5b
Long-term financing receivables (net of allowances of $34 in 2025 and $19 in 2024) $9.0b $9.6b $9.1b $8.7b $7.1b $5.4b $5.8b $5.8b $5.4b $7.7b
Prepaid pension assets $3.0b $4.6b $4.7b $6.9b $7.6b $9.8b $8.2b $7.5b $7.5b $7.5b
Inventory, Net $1.6b $1.6b $1.7b $1.6b $1.8b $1.6b $1.6b $1.2b $1.3b $1.2b
Assets, Current $43.9b $49.7b $49.1b $38.4b $39.2b $29.5b $29.1b $32.9b $34.5b $36.9b
Total current assets $43.9b $49.7b $49.1b $38.4b $39.2b $29.5b $29.1b $32.9b $34.5b $36.9b
Property, Plant and Equipment, Net $10.8b $11.1b $10.8b $10.0b $10.0b $5.7b $5.3b $5.5b $5.7b $5.9b
Goodwill $36.2b $36.8b $36.3b $58.2b $59.6b $55.6b $55.9b $60.2b $60.7b $67.7b
Intangible assets—net $4.7b $3.7b $3.1b $15.2b $13.8b $12.5b $11.2b $11.0b $10.7b $11.4b
Operating Lease, Right-of-Use Asset — — — $5.0b $4.7b $3.2b $2.9b $3.2b $3.2b $3.1b
Operating right-of-use assets—net — — — $5.0b $4.7b $3.2b $2.9b $3.2b $3.2b $3.1b
Additional Financial Items
Accounts Receivable, after Allowance for Credit Loss, Current $9.2b $8.9b $7.4b $7.9b $7.1b $6.8b $6.5b $7.2b $6.8b $8.1b
Restricted cash — $262.0m $225.0m $141.0m $463.0m $307.0m $103.0m $21.0m $214.0m $54.0m
Marketable securities $701.0m $608.0m $618.0m $696.0m $600.0m $600.0m $852.0m $373.0m $644.0m $830.0m
Held for investment (net of allowances of $106 in 2025 and $109 in 2024) — — — — — — $6.9b $6.1b $6.3b $7.3b
Held for sale — — — — $383.0m $793.0m $939.0m $692.0m $900.0m $1.1b
Deferred costs — $2.1b $2.7b $2.5b $2.4b $924.0m $866.0m $842.0m $788.0m $825.0m
Less: Accumulated depreciation $19.3b $21.2b $21.7b $22.0b $23.1b $14.4b $13.4b $12.6b $12.0b $12.0b
Deferred taxes $5.2b $4.9b $5.2b $5.2b $9.2b $7.4b $6.3b $6.7b $7.0b $8.6b
Investments and sundry assets $4.6b $4.9b $2.4b $2.1b $2.3b $1.8b $1.6b $1.6b $1.8b $2.1b
Taxes $3.2b $4.2b $3.0b $2.8b $3.3b $2.3b $2.2b $2.3b $2.0b $2.3b
Compensation and benefits $3.6b $3.6b $3.3b $3.4b $3.4b $3.2b $3.5b $3.5b $3.6b $4.1b
Deferred income $3.6b $3.7b $3.4b $3.9b $4.3b $3.6b $3.5b $3.5b $3.6b $4.3b
Operating lease liabilities — — — $3.9b $3.6b $2.5b $2.2b $2.6b $2.7b $2.5b
Other liabilities $7.5b $10.0b $12.2b $14.5b $14.9b $14.0b $12.2b $11.5b $11.0b $9.8b
Total IBM stockholders' equity $18.2b $17.6b $16.8b $20.8b $20.6b $18.9b $21.9b $22.5b $27.3b $32.6b
Total equity $18.4b $17.7b $16.9b $21.0b $20.7b $19.0b $22.0b $22.6b $27.4b $32.7b
Assets $117.5b $125.4b $123.4b $152.2b $156.0b $132.0b $127.2b $135.2b $137.2b $151.9b
Total assets $117.5b $125.4b $123.4b $152.2b $156.0b $132.0b $127.2b $135.2b $137.2b $151.9b
LIABILITIES AND EQUITY
Current liabilities:
Operating Lease, Liability, Current — — — $1.4b $1.4b $974.0m $874.0m $820.0m $768.0m $800.0m
Accounts Payable, Current $6.2b $6.5b $6.6b $4.9b $4.9b $4.0b $4.1b $4.1b $4.0b $4.8b
Operating Lease, Liability, Noncurrent — — — $3.9b $3.6b $2.5b $2.2b $2.6b $2.7b $2.5b
Long-term Debt, Excluding Current Maturities $34.7b $39.8b $35.6b $54.1b $54.4b $44.9b $46.2b $50.1b $49.9b $54.8b
Deferred Revenue, Current $11.0b $11.6b — $12.0b $12.8b $12.5b $12.0b $13.5b $13.9b $16.1b
Deferred Revenue, Noncurrent $3.6b $3.7b — $3.9b $4.3b $3.6b $3.5b $3.5b $3.6b $4.3b
Long-term Debt, Current Maturities $6.2b $5.2b $7.1b — — — — — — —
Short-term debt $7.5b $7.0b $10.2b $8.8b $7.2b $6.8b $4.8b $6.4b $5.1b $6.4b
Other accrued expenses and liabilities $4.7b $4.5b $3.9b $4.4b $6.8b $3.9b $4.1b $3.5b $3.7b $4.1b
Liabilities, Current $36.3b $37.4b $38.2b $37.7b $39.9b $33.6b $31.5b $34.1b $33.1b $38.7b
Total current liabilities $36.3b $37.4b $38.2b $37.7b $39.9b $33.6b $31.5b $34.1b $33.1b $38.7b
Deferred Income Tax Liabilities, Net — — — $5.2b $5.5b $4.0b $2.3b $1.1b $815.0m $781.0m
Other Liabilities, Noncurrent $7.5b $10.0b $12.2b $14.5b $14.9b $14.0b $12.2b $11.5b $11.0b $9.8b
Retirement and nonpension postretirement benefit obligations $17.1b $16.7b $17.0b $17.1b $18.2b $14.4b $9.6b $10.8b $9.4b $9.0b
Liabilities $99.1b $107.6b $106.5b $131.2b $135.2b $113.0b $105.2b $112.6b $109.8b $119.1b
Total liabilities $99.1b $107.6b $106.5b $131.2b $135.2b $113.0b $105.2b $112.6b $109.8b $119.1b
Stockholders’ equity:
Retained Earnings (Accumulated Deficit) $152.8b $153.1b $159.2b $163.0b $162.7b $154.2b $149.8b $151.3b $151.2b $155.6b
Accumulated Other Comprehensive Income (Loss), Net of Tax ($29.4b) ($26.6b) ($29.5b) ($28.6b) ($29.3b) ($23.2b) ($16.7b) ($18.8b) ($15.3b) ($15.7b)
Common stock and additional paid-in capital $53.9b $54.6b $55.2b $55.9b $56.6b $57.3b $58.3b $59.6b $61.4b $63.3b
Treasury stock, at cost (shares: 2025—1,353,666,394; 2024—1,352,874,243) ($159.1b) ($163.5b) ($168.1b) ($169.4b) ($169.3b) ($169.4b) ($169.5b) ($169.6b) ($170.0b) ($170.6b)
Accumulated other comprehensive income/(loss) ($29.4b) ($26.6b) ($29.5b) ($28.6b) ($29.3b) ($23.2b) ($16.7b) ($18.8b) ($15.3b) ($15.7b)
Stockholders' Equity Attributable to Parent $18.2b $17.6b $16.8b $20.8b $20.6b $18.9b $21.9b $22.5b $27.3b $32.6b
Stockholders' Equity Attributable to Noncontrolling Interest $146.0m $131.0m $134.0m $144.0m $129.0m $95.0m $77.0m $80.0m $86.0m $93.0m
Noncontrolling interests $146.0m $131.0m $134.0m $144.0m $129.0m $95.0m $77.0m $80.0m $86.0m $93.0m
Liabilities and Equity $117.5b $125.4b $123.4b $152.2b $156.0b $132.0b $127.2b $135.2b $137.2b $151.9b
Total liabilities and equity $117.5b $125.4b $123.4b $152.2b $156.0b $132.0b $127.2b $135.2b $137.2b $151.9b

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.