International Business Machines (IBM)
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Fiscal Year End Date: 12/31
(Values in U.S. thousands)
| 12-2021 | 12-2020 | 12-2019 | 12-2018 | 12-2017 | |
| Cash Flows From Operating Activities | |||||
| Net Income | 5,743,000 | 5,590,000 | 9,431,000 | 8,728,000 | 5,753,000 |
| Depreciation Amortization | 6,417,000 | 6,695,000 | 6,059,000 | 4,480,000 | 4,541,000 |
| Income taxes - deferred | -2,001,000 | -3,203,000 | -1,527,000 | 853,000 | -931,000 |
| Accounts receivable | 1,372,000 | 5,297,000 | 502,000 | 1,006,000 | 1,297,000 |
| Accounts payable and accrued liabilities | 85,000 | 138,000 | -503,000 | 126,000 | 47,000 |
| Other Working Capital | 1,962,000 | 8,249,000 | 1,225,000 | 554,000 | 6,813,000 |
| Other Operating Activity | -782,000 | -4,569,000 | -417,000 | -500,000 | -796,000 |
| Operating Cash Flow | $12,796,000 | $18,197,000 | $14,770,000 | $15,247,000 | $16,724,000 |
| Cash Flows From Investing Activities | |||||
| PPE Investments | -1,675,000 | -2,430,000 | -1,749,000 | -3,147,000 | -2,769,000 |
| Net Acquisitions | -3,179,000 | 167,000 | -31,554,000 | -139,000 | -701,000 |
| Purchase Of Investment | -4,267,000 | -6,858,000 | -4,314,000 | -7,610,000 | -5,493,000 |
| Sale Of Investment | 3,147,000 | 5,618,000 | 3,961,000 | 6,487,000 | 3,910,000 |
| Other Investing Activity | -1,000 | 475,000 | 6,720,000 | -504,000 | -2,028,000 |
| Investing Cash Flow | $-5,975,000 | $-3,028,000 | $-26,936,000 | $-4,913,000 | $-7,081,000 |
| Cash Flows From Financing Activities | |||||
| Change In Short Term Borrowing | -40,000 | -853,000 | -2,597,000 | 1,341,000 | 620,000 |
| Debt Issued | 522,000 | 10,504,000 | 31,825,000 | 6,891,000 | 9,643,000 |
| Debt Repayment | -8,597,000 | -13,365,000 | -12,944,000 | -8,533,000 | -6,816,000 |
| Common Stock Repurchased | -319,000 | -302,000 | -1,633,000 | -4,614,000 | -4,533,000 |
| Dividend Paid | -5,869,000 | -5,797,000 | -5,707,000 | -5,666,000 | -5,506,000 |
| Other Financing Activity | 949,000 | 92,000 | 98,000 | 112,000 | 174,000 |
| Financing Cash Flow | $-13,354,000 | $-9,721,000 | $9,042,000 | $-10,469,000 | $-6,418,000 |
| Exchange Rate Effect | -185,000 | -87,000 | -167,000 | -495,000 | 937,000 |
| Beginning Cash Position | 13,675,000 | 8,314,000 | 11,604,000 | 12,234,000 | 8,073,000 |
| End Cash Position | 6,957,000 | 13,675,000 | 8,314,000 | 11,604,000 | 12,234,000 |
| Net Cash Flow | $-6,718,000 | $5,361,000 | $-3,290,000 | $-630,000 | $4,161,000 |
| Free Cash Flow | |||||
| Operating Cash Flow | 12,796,000 | 18,197,000 | 14,770,000 | 15,247,000 | 16,724,000 |
| Capital Expenditure | -2,062,000 | -2,618,000 | -2,286,000 | -3,395,000 | -3,229,000 |
| Free Cash Flow | 10,734,000 | 15,579,000 | 12,484,000 | 11,852,000 | 13,495,000 |
