See also
ˇ Show More
The income statement presents information on the financial results of a company's business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.
You have visited 10 password protected pages for free. Others contain data covered by 
.
Sign Up Now to get full access to whole website and cut out all advertisements.
International Business Machines Corp., Consolidated Income Statement
USD $ in millions
| 12 months ended | Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | Dec 31, 2007 | |
|---|---|---|---|---|---|---|
 |
Services | |
|
|
|
|
|
Sales | |
|
|
|
|
|
Financing | |
|
|
|
|
|
Revenue | |
|
|
|
|
|
Services | |
|
|
|
|
|
Sales | |
|
|
|
|
|
Financing | |
|
|
|
|
|
Cost | |
|
|
|
|
|
Gross profit | |
|
|
|
|
|
Selling, general and administrative | |
|
|
|
|
|
Research, development and engineering | |
|
|
|
|
|
Intellectual property and custom development income | |
|
|
|
|
|
Operating income | |
|
|
|
|
|
Other income and (expense) | |
|
|
|
|
|
Interest expense | |
|
|
|
|
|
Income before income taxes | |
|
|
|
|
|
Provision for income taxes | |
|
|
|
|
|
Net income | |
|
|
|
|
| Item | Description | The company |
|---|---|---|
| Revenue | Aggregate revenue recognized during the period (derived from goods sold, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also includes investment and interest income, and sales and trading gains. | International Business Machines Corp.'s revenue increased from 2009 to 2010 and from 2010 to 2011. |
| Operating income | The net result for the period of deducting operating expenses from operating revenues. | International Business Machines Corp.'s operating income increased from 2009 to 2010 and from 2010 to 2011. |
| Income before income taxes | Sum of operating profit and nonoperating income (expense) before income (loss) from equity method investments, income taxes, extraordinary items, cumulative effects of changes in accounting principles, and noncontrolling interest. | International Business Machines Corp.'s income before income taxes increased from 2009 to 2010 and from 2010 to 2011. |
| Net income | The portion of consolidated profit or loss for the period, net of income taxes, which is attributable to the parent. If the entity does not present consolidated financial statements, the amount of profit or loss for the period, net of income taxes. | International Business Machines Corp.'s net income increased from 2009 to 2010 and from 2010 to 2011. |
May 23, 2012