International Business Machines Corporation

NYSE-IBM

Assets	Jun '25	Dec '24	Jun '24	Dec '23	Jun '23	Dec '22
Cash and Cash Equivalents	11,943	13,947	12,210	13,068	9,394	7,886
Cash and Cash Equivalents
Short-Term Investments	3,504	644	1,481	373	6,904	852
Marketable Securities
Total Cash and Cash Equivalents	15,447	14,591	13,691	13,441	16,298	8,738
Accounts Receivable	5,974	6,804	5,769	7,214	5,673	6,541
Notes and Accounts Receivable - Trade, Net
Other Receivables	7,519	8,106	6,555	7,434	7,267	8,607
Held for Investment, Net
Held for Sale
Other Accounts Receivable, Net
Total Trade Receivables	13,493	14,910	12,324	14,648	12,940	15,148
Inventories	1,251	1,289	1,234	1,161	1,501	1,552
Total Inventory
Other Current Assets	4,061	3,693	6,049	3,658	3,718	3,681
Restricted Cash
Deferred Costs
Prepaid Expenses and Other Current Assets
Current Assets of Discontinued Operations
Deferred Taxes
Total Current Assets	34,253	34,482	33,299	32,908	34,458	29,118
Total Current Assets
Net Property, Plant & Equipment	9,258	8,928	8,730	8,721	8,096	8,212
Property, Plant and Equipment - Net
Operating Right-of-Use Assets - Net
Net Intangible Assets	12,253	10,660	10,251	11,036	10,496	11,184
Intangible Assets - Net
Goodwill	67,506	60,706	59,416	60,178	56,385	55,949
Goodwill
Long-Term Investments	8,062	7,140	7,323	7,392	6,806	7,423
Long-Term Financing Receivables, Net
Investments and Sundry Assets
Other Long-Term Assets	17,253	15,258	14,828	15,004	15,972	15,358
Prepaid Pension Assets
Deferred Costs
Deferred Taxes
Non-Current Assets of Discontinued Operations
Total Assets	148,585	137,175	133,848	135,241	132,213	127,243
Total Assets

Liabilities	Jun '25	Dec '24	Jun '24	Dec '23	Jun '23	Dec '22
Accounts Payable	3,974	4,032	3,631	4,132	3,732	4,051
Accounts Payable
Accrued Expenses	3,353	3,605	3,125	3,501	3,185	3,481
Compensation and Benefits
Short-Term Debt	8,945	5,089	3,602	6,426	6,785	4,760
Short-Term Debt
Current Portion of Leases	820	768	762	820	842	874
Operating Lease Liabilities
Unearned Revenue	15,022	13,907	13,643	13,451	12,712	12,032
Deferred Income
Other Current Liabilities	5,613	5,742	4,886	5,791	5,257	6,307
Taxes
Other Accrued Expenses and Liabilities
Current Liabilities of Discontinued Operations
Total Current Liabilities	37,726	33,142	29,648	34,122	32,513	31,505
Total Current Liabilities
Long-Term Debt	55,219	49,884	52,929	50,121	50,691	46,189
Long-Term Debt
Leases	2,735	2,655	2,546	2,568	1,986	2,190
Operating Lease Liabilities
Other Long-Term Liabilities	25,317	24,102	24,621	25,816	24,752	25,338
Retirement and Nonpension Postretirement Benefit Obligations
Deferred Income
Other Liabilities
Non-Current Liabilities of Discontinued Operations
Total Long-Term Liabilities	83,271	76,641	80,096	78,505	77,429	73,717
Total Liabilities	120,998	109,783	109,745	112,628	109,942	105,222
Total Liabilities

Equity	Jun '25	Dec '24	Jun '24	Dec '23	Jun '23	Dec '22
Common Stock	62,392	61,380	60,501	59,643	58,963	58,343
Common Stock and Additional Paid-in Capital
Treasury Stock	-170,209	-169,968	-169,815	-169,624	-169,581	-169,484
Treasury Stock - At Cost
Accumulated Other Comprehensive Income	-16,041	-15,269	-18,319	-18,761	-16,499	-16,740
Accumulated Other Comprehensive Income/(Loss)
Retained Earnings	151,367	151,163	151,659	151,276	149,318	149,825
Retained Earnings
Total Common Shareholders' Equity	27,509	27,307	24,026	22,533	22,201	21,944
Total IBM Stockholders' Equity
Minority Interests and Other	79	86	77	80	70	77
Noncontrolling Interests
Total Shareholders' Equity	27,588	27,393	24,103	22,613	22,271	22,021
Total Equity
Total Liabilities and Shareholders' Equity	148,585	137,175	133,848	135,241	132,213	127,243
Total Liabilities and Equity