Stock Analysis on Net
Stock Analysis on Net

International Business Machines Corp. (NYSE:IBM)

Common-Size Income Statement
Quarterly Data

International Business Machines Corp., common-size consolidated income statement (quarterly data)

Microsoft Excel
3 months ended: Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Services 51.66 44.65 51.12 48.81 52.79 44.92 52.22 49.18 54.26 45.99 54.72 50.65 53.81 56.53 63.67 60.35 64.73 50.58 64.92 64.46 68.33
Sales 47.01 54.36 47.62 50.01 45.83 54.05 46.54 49.87 44.65 52.98 43.88 47.88 44.59 42.06 34.77 38.17 33.55 48.03 33.18 33.70 29.45
Financing 1.33 0.99 1.26 1.18 1.38 1.04 1.25 0.95 1.09 1.04 1.40 1.47 1.60 1.41 1.56 1.48 1.72 1.39 1.91 1.83 2.23
Revenue 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Services -36.23 -30.08 -35.36 -34.21 -37.26 -30.83 -36.63 -34.75 -37.68 -30.74 -35.09 -33.20 -35.22 -37.72 -41.90 -41.49 -44.64 -36.83 -43.49 -43.17 -45.97
Sales -9.55 -10.35 -9.62 -10.26 -9.28 -10.90 -9.85 -11.26 -9.97 -11.64 -10.29 -10.54 -10.46 -9.67 -9.12 -9.60 -9.24 -11.30 -9.07 -8.62 -8.34
Financing -0.68 -0.49 -0.63 -0.60 -0.77 -0.56 -0.85 -0.62 -0.69 -0.71 -1.00 -1.03 -1.04 -0.93 -0.98 -0.90 -1.03 -0.90 -1.20 -1.19 -1.45
Cost -46.47% -40.93% -45.61% -45.07% -47.31% -42.29% -47.33% -46.64% -48.33% -43.09% -46.37% -44.77% -46.71% -48.33% -51.99% -51.99% -54.91% -49.03% -53.76% -52.98% -55.76%
Gross profit 53.53% 59.07% 54.39% 54.93% 52.69% 57.71% 52.67% 53.36% 51.67% 56.91% 53.63% 55.23% 53.29% 51.67% 48.01% 48.01% 45.09% 50.97% 46.24% 47.02% 44.24%
Selling, general and administrative -34.39 -27.57 -30.22 -31.66 -34.05 -28.55 -31.13 -31.25 -32.38 -29.36 -32.50 -34.10 -35.55 -35.51 -26.46 -28.96 -33.89 -24.95 -27.87 -28.47 -25.80
Research, development and engineering -12.42 -10.06 -11.42 -10.90 -11.61 -9.61 -11.42 -10.77 -11.83 -9.73 -12.12 -11.54 -12.25 -7.91 -8.63 -8.73 -9.25 -7.33 -8.61 -7.34 -7.88
Intellectual property and custom development income 1.49 1.39 1.29 1.60 1.26 1.47 0.86 1.13 0.85 1.08 1.15 0.94 1.11 0.85 0.76 1.12 0.66 0.73 0.92 1.16 0.56
Operating income 8.21% 22.84% 14.03% 13.97% 8.29% 21.01% 10.98% 12.48% 8.31% 18.89% 10.17% 10.51% 6.59% 9.10% 13.68% 11.44% 2.61% 19.42% 10.68% 12.36% 11.11%
Other income and (expense) 2.20 1.12 1.46 1.69 1.71 0.71 -40.80 0.52 -1.73 0.11 -1.84 -2.13 -2.62 -1.22 -1.44 -0.99 -1.03 0.54 0.16 3.90 0.40
Interest expense -2.99 -2.33 -2.79 -2.73 -2.58 -1.88 -2.09 -1.91 -2.19 -1.82 -2.19 -1.98 -2.12 -1.55 -1.84 -1.78 -1.86 -1.63 -2.40 -1.82 -1.15
Income (loss) from continuing operations before income taxes 7.43% 21.63% 12.70% 12.92% 7.42% 19.84% -31.91% 11.08% 4.39% 17.19% 6.14% 6.41% 1.85% 6.32% 10.40% 8.67% -0.28% 18.34% 8.44% 14.45% 10.36%
(Provision for) benefit from income taxes 3.46 -2.73 -1.08 -2.71 -0.87 -2.65 9.12 -1.65 0.27 -2.44 1.69 -0.71 1.21 -0.12 -0.73 -1.15 6.97 -1.48 0.84 -1.40 -1.59
Income (loss) from continuing operations 10.89% 18.90% 11.62% 10.22% 6.55% 17.19% -22.78% 9.43% 4.66% 14.75% 7.83% 5.70% 3.06% 6.21% 9.68% 7.52% 6.69% 16.85% 9.28% 13.04% 8.76%
Income (loss) from discontinued operations, net of tax 0.21 0.02 -0.07 0.01 -0.05 -0.95 0.13 -0.47 0.50 -0.77 0.70 3.62 4.19 0.45 -0.01 -0.01 -0.01 0.00 -0.01 -0.01 -0.01
Net income (loss) 11.10% 18.92% 11.55% 10.23% 6.50% 16.24% -22.66% 8.96% 5.16% 13.98% 8.53% 9.32% 7.24% 6.66% 9.67% 7.51% 6.69% 16.85% 9.27% 13.04% 8.75%

Based on: 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

Income statement item Description The company
Operating income The net result for the period of deducting operating expenses from operating revenues. International Business Machines Corp. operating income as a percentage of revenue increased from Q3 2023 to Q4 2023 but then decreased significantly from Q4 2023 to Q1 2024.
Income (loss) from continuing operations before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. International Business Machines Corp. income (loss) from continuing operations before income taxes as a percentage of revenue increased from Q3 2023 to Q4 2023 but then decreased significantly from Q4 2023 to Q1 2024.
Net income (loss) The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. International Business Machines Corp. net income (loss) as a percentage of revenue increased from Q3 2023 to Q4 2023 but then decreased significantly from Q4 2023 to Q1 2024.