| Income Statement Vertical Analysis |
International Business Machine Corp (IBM)
| Formula =number / total revenue |
Year 2018 2018 2017 2017 2016 2016
Services revenue 51,350,000 50,709,000 51,268,000
Sales revenue 26,641,000 26,715,000 26,942,000
Financing revenue 1,599,000 1,715,000 1,710,000
Total revenue 79,591,000
|
|
| 100.00% |
79,139,000 100.00% 79,919,000 100.00%
Cost of services 34,059,000 34,447,000 34,021,000
Cost of sales 7,464,000 7,256,000 6,559,000
Cost of financing 1,132,000 1,210,000 1,044,000
Total cost 42,655,000 42,913,000 41,625,000
Gross profit 36,936,000 36,227,000 38,294,000
Selling, general & administrative expense – other 16,438,000 16,568,000 16,971,000
Advertising & promotional expense 1,466,000 1,445,000 1,327,000
Workforce rebalancing charges 598,000 199,000 1,038,000
Retirement-related costs – 959,000 742,000
Amortization of acquired intangible assets 435,000 496,000 503,000
Stock-based compensation 361,000 384,000 401,000
Bad debt expense 67,000 55,000 87,000
Selling, general & administrative expense 19,366,000 20,107,000 21,069,000
Research, development & engineering expense 5,379,000 5,787,000 5,751,000
Intellectual property & custom development income 1,026,000 1,466,000 1,631,000
Foreign currency transaction gains (losses) 427,000 (405,000) 116,000
Gains (losses) on derivative instruments (434,000) 341,000 (260,000)
Interest income 264,000 144,000 108,000
Net gains (losses) from securities & investment assets 101,000 20,000 (23,000)
Retirement-related income (costs) (1,572,000) – –
Other income 63,000 116,000 (85,000)
Other income & expense 1,152 (216,000) 145,000
Interest expense 723,000 615,000 630,000
Total expense & other income (25,594,000) 24,827,000 25,964,000
Income from continuing operations before income taxes – U.S. operations 627,000 560,000 3,650,000
Income from continuing operations before income taxes – non-U.S. operations 10,715,000 10,840,000 8,680,000
Income from continuing operations before income taxes 11,342,000 11,400,000 12,330,000
Provision for (benefit from) U.S. federal income taxes – current (342,000) 2,388,000 186,000
Provision for (benefit from) U.S. federal income taxes – deferred 1,377,000 77,000 (746,000)
Total provision for (benefit from) U.S. federal income taxes 1,035,000 2,465,000 (560,000)
Provision for (benefit from) U.S. state & local income taxes – current 127,000 55,000 244,000
Provision for (benefit from) U.S. state & local income taxes – deferred (292,000) 28,000 (44,000)
Total provision for (benefit from) U.S. state & local income taxes (165,000) 83,000 200,000
Provision for (benefit from) nopn-U.S. income taxes – current 2,135,000 3,891,000 988,000
Provision for (benefit from) nopn-U.S. income taxes – deferred (386,000) (797,000) (179,000)
Total provision for (benefit from) nopn-U.S. income taxes 1,749,000 3,094,000 809,000
Provision for (benefit from) income taxes 2,619,000 5,642,000 449,000
Income (loss) from continuing operations 8,723,000 5,758,000 11,881,000
Income (loss) from discontinued operations, net of tax 5,000 (5,000) (9,000)
Net income (loss) 8,728,000 5,753,000 11,872,000
Weighted average shares outstanding – basic 912,048 932,828 955,423
Weighted average shares outstanding – diluted 916,316 937,386 958,714
Year end shares outstanding 892,479 922,179 945,867
Earnings (loss) per share from continuing operations – basic 10 6 12
Earnings (loss) per share from discontinued operations – basic 0 – 0 (0)
Net earnings (loss) per share – basic 10 6 12
Earnings (loss) per share from continuing operations – diluted 10 6 12
Earnings (loss) per share from discontinued operations – diluted 0 – 0 (0)
Net earnings (loss) per share – diluted 10 6 12
Dividends per share of common stock 6 – –
Total number of employees 350,600 366,600 380,300
Number of common stockholders 395,480 408,697 425,272
Foreign currency translation adjustments (730,000) 152,000 (20,000)
