Reconciliations of IBM as Reported | ||||||||||
($ in millions) | ||||||||||
For the year ended December 31: | 2013 | 2012 | 2011 | |||||||
Revenue | ||||||||||
Total reportable segments | $ | 107,115 | $ | 111,826 | $ | 114,440 | ||||
Other revenue and adjustments | 478 | 577 | 722 | |||||||
Elimination of internal transactions | (7,843) | (7,896) | (8,246) | |||||||
Total IBM consolidated revenue | $ | 99,751 | $ | 104,507 | $ | 106,916 | ||||
($ in millions) | ||||||||||
For the year ended December 31: | 2013 | 2012 | 2011 | |||||||
Pre-tax income | ||||||||||
Total reportable segments | $ | 22,967 | $ | 24,015 | $ | 22,904 | ||||
Amortization of acquired intangible assets | (758) | (703) | (629) | |||||||
Acquisition-related charges | (46) | (36) | (46) | |||||||
Non-operating retirement- related (costs)/income | (1,062) | (538) | 72 | |||||||
Elimination of internal transactions | (1,480) | (1,197) | (1,243) | |||||||
Unallocated corporate amounts* | (98) | 361 | (56) | |||||||
Total IBM consolidated pre-tax income | $ | 19,524 | $ | 21,902 | $ | 21,003 | ||||
* The 2013 and 2012 amounts include the gain related to the Retail Store Solutions divestiture. The 2011 amount includes gains related to the sale of Lenovo common stock.
Management System Segment View | |||||||||||||||||||
($ in millions) | |||||||||||||||||||
Global Services Segments | |||||||||||||||||||
Global | Global | ||||||||||||||||||
Technology | Business | Systems and | Global | Total | |||||||||||||||
For the year ended December 31: | Services | Services | Software | Technology | Financing | Segments | |||||||||||||
2013 | |||||||||||||||||||
Assets | $ | 18,048 | $ | 8,311 | $ | 27,101 | $ | 7,960 | $ | 40,138 | $ | 101,558 | |||||||
Depreciation/amortization of intangibles* | 1,670 | 72 | 1,211 | 855 | 574 | 4,383 | |||||||||||||
Capital expenditures/investments in intangibles | 1,938 | 69 | 540 | 781 | 467 | 3,796 | |||||||||||||
Interest income | — | — | — | — | 1,904 | 1,904 | |||||||||||||
Interest expense | — | — | — | — | 405 | 405 | |||||||||||||
2012 | |||||||||||||||||||
Assets | $ | 15,884 | $ | 8,022 | $ | 26,291 | $ | 8,232 | $ | 38,882 | $ | 97,310 | |||||||
Depreciation/amortization of intangibles* | 1,597 | 75 | 1,157 | 786 | 853 | 4,470 | |||||||||||||
Capital expenditures/investments in intangibles | 1,760 | 42 | 618 | 1,106 | 708 | 4,233 | |||||||||||||
Interest income ** | — | — | — | — | 1,972 | 1,972 | |||||||||||||
Interest expense | — | — | — | — | 410 | 410 | |||||||||||||
2011 | |||||||||||||||||||
Assets | $ | 15,475 | $ | 8,078 | $ | 23,926 | $ | 7,649 | $ | 36,427 | $ | 91,557 | |||||||
Depreciation/amortization of intangibles* | 1,713 | 83 | 1,062 | 737 | 1,145 | 4,739 | |||||||||||||
Capital expenditures/investments in intangibles | 1,838 | 56 | 469 | 1,032 | 930 | 4,325 | |||||||||||||
Interest income ** | — | — | — | — | 2,176 | 2,176 | |||||||||||||
Interest expense | — | — | — | — | 538 | 538 | |||||||||||||
* Segment pre-tax income does not include the amortization of intangible assets.
** Reclassified to conform with 2013 presentation..
Reconciliations of IBM as Reported | |||||||||||
($ in millions) | |||||||||||
At December 31: | 2013 | 2012 | 2011 | ||||||||
Assets | |||||||||||
Total reportable segments | $ | 101,558 | $ | 97,310 | $ | 91,557 | |||||
Elimination of internal transactions | (4,740) | (4,943) | (5,407) | ||||||||
Unallocated amounts | |||||||||||
Cash and marketable securities | 9,697 | 9,779 | 10,575 | ||||||||
Notes and accounts receivable | 2,741 | 3,769 | 3,526 | ||||||||
Deferred tax assets | 4,532 | 5,194 | 4,865 | ||||||||
Plant, other property and equipment | 2,505 | 2,555 | 2,918 | ||||||||
Pension assets | 5,551 | 945 | 2,837 | ||||||||
Other | 4,378 | 4,604 | 5,562 | ||||||||
Total IBM consolidated assets | $ | 126,223 | $ | 119,213 | $ | 116,433 |
($ in millions) | |||||||||||
For the year ended December 31: | 2013 | 2012 | 2011 | ||||||||
Global Technology Services | |||||||||||
Services | $ | 29,953 | $ | 31,161 | $ | 31,746 | |||||
Maintenance | 7,111 | 7,343 | 7,515 | ||||||||
Systems | 1,322 | 1,574 | 1,478 | ||||||||
Software | 164 | 159 | 140 | ||||||||
Global Business Services | |||||||||||
Services | $ | 18,065 | $ | 18,216 | $ | 18,956 | |||||
Software | 221 | 208 | 211 | ||||||||
Systems | 109 | 142 | 118 | ||||||||
Software | |||||||||||
Software | $ | 23,420 | $ | 23,144 | $ | 22,921 | |||||
Services | 2,512 | 2,304 | 2,022 | ||||||||
Systems and Technology | |||||||||||
Servers | $ | 9,646 | $ | 11,980 | $ | 12,362 | |||||
Storage | 3,041 | 3,411 | 3,619 | ||||||||
Microelectronics OEM | 1,463 | 1,572 | 1,975 | ||||||||
Retail Store Solutions | 6 | 357 | 753 | ||||||||
Microelectronics Services | 215 | 346 | 277 | ||||||||
Global Financing | |||||||||||
Financing | $ | 1,493 | $ | 1,471 | $ | 1,612 | |||||
Used equipment sales | 529 | 542 | 490 |
Revenue* | ||||||||||
($ in millions) | ||||||||||
For the year ended December 31: | 2013 | 2012 | 2011 | |||||||
United States | $ | 34,809 | $ | 36,270 | $ | 37,041 | ||||
Japan | 9,071 | 10,697 | 10,968 | |||||||
Other countries | 55,871 | 57,540 | 58,906 | |||||||
Total IBM consolidated revenue | $ | 99,751 | $ | 104,507 | $ | 106,916 | ||||
* Revenues are attributed to countries based on the location of the client.
Plant and Other Property—Net | ||||||||||
($ in millions) | ||||||||||
At December 31: | 2013 | 2012 | 2011 | |||||||
United States | $ | 6,723 | $ | 6,555 | $ | 6,271 | ||||
Other countries | 6,257 | 6,299 | 6,186 | |||||||
Total | $ | 12,979 | $ | 12,854 | $ | 12,457 |
Management System Segment View | |||||||||||||||||||||||||
($ in millions) | |||||||||||||||||||||||||
Global Services Segments | |||||||||||||||||||||||||
Global | Global | ||||||||||||||||||||||||
Technology | Business | Systems and | Global | Total | |||||||||||||||||||||
For the year ended December 31: | Services | Services | Software | Technology | Financing | Segments | |||||||||||||||||||
2013 | |||||||||||||||||||||||||
External revenue | $ | 38,551 | $ | 18,396 | $ | 25,932 | $ | 14,371 | $ | 2,022 | $ | 99,273 | |||||||||||||
Internal revenue | 1,063 | 714 | 3,191 | 593 | 2,282 | 7,843 | |||||||||||||||||||
Total revenue | $ | 39,615 | $ | 19,109 | $ | 29,123 | $ | 14,964 | $ | 4,304 | $ | 107,115 | |||||||||||||
Pre-tax income | $ | 6,983 | $ | 3,214 | $ | 11,106 | $ | (507) | $ | 2,171 | $ | 22,967 | |||||||||||||
Revenue year-to-year change | (4.3) | % | (0.9) | % | 1.4 | % | (18.4) | % | 5.7 | % | (4.2) | % | |||||||||||||
Pre-tax income year-to-year change | 0.3 | % | 7.7 | % | 2.7 | % | (141.3) | % | 6.8 | % | (4.4) | % | |||||||||||||
Pre-tax income margin | 17.6 | % | 16.8 | % | 38.1 | % | (3.4) | % | 50.4 | % | 21.4 | % | |||||||||||||
2012 | |||||||||||||||||||||||||
External revenue | $ | 40,236 | $ | 18,566 | $ | 25,448 | $ | 17,667 | $ | 2,013 | $ | 103,930 | |||||||||||||
Internal revenue | 1,166 | 719 | 3,274 | 676 | 2,060 | 7,896 | |||||||||||||||||||
Total revenue | $ | 41,402 | $ | 19,286 | $ | 28,722 | $ | 18,343 | $ | 4,073 | $ | 111,826 | |||||||||||||
Pre-tax income | $ | 6,961 | $ | 2,983 | $ | 10,810 | $ | 1,227 | $ | 2,034 | $ | 24,015 | |||||||||||||
Revenue year-to-year change | (1.7) | % | (4.0) | % | 1.8 | % | (7.5) | % | (2.9) | % | (2.3) | % | |||||||||||||
Pre-tax income year-to-year change | 10.8 | % | (0.8) | % | 8.4 | % | (24.9) | % | 1.1 | % | 4.8 | % | |||||||||||||
Pre-tax income margin | 16.8 | % | 15.5 | % | 37.6 | % | 6.7 | % | 49.9 | % | 21.5 | % | |||||||||||||
2011 | |||||||||||||||||||||||||
External revenue | $ | 40,879 | $ | 19,284 | $ | 24,944 | $ | 18,985 | $ | 2,102 | $ | 106,194 | |||||||||||||
Internal revenue | 1,242 | 797 | 3,276 | 838 | 2,092 | 8,246 | |||||||||||||||||||
Total revenue | $ | 42,121 | $ | 20,081 | $ | 28,219 | $ | 19,823 | $ | 4,195 | $ | 114,440 | |||||||||||||
Pre-tax income | $ | 6,284 | $ | 3,006 | $ | 9,970 | $ | 1,633 | $ | 2,011 | $ | 22,904 | |||||||||||||
Revenue year-to-year change | 6.6 | % | 5.6 | % | 10.9 | % | 5.6 | % | 2.8 | % | 7.1 | % | |||||||||||||
Pre-tax income year-to-year change | 14.3 | % | 18.1 | % | 5.3 | % | 12.2 | % | 2.8 | % | 9.5 | % | |||||||||||||
Pre-tax income margin | 14.9 | % | 15.0 | % | 35.3 | % | 8.2 | % | 47.9 | % | 20.0 | % | |||||||||||||