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International Business Machines Corp. (IBM)
Analysis of Inventory
Advanced level
Accounting Policy on Inventory
Raw materials, work in process and finished goods are stated at the lower of average cost or net realizable value. Cash flows related to the sale of inventories are reflected in net cash provided by operating activities in the Consolidated Statement of Cash Flows.
Source: 10-K (filing date: 2019-02-26).
Inventory Disclosure
International Business Machines Corp., balance sheet: inventory
US$ in millions
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Finished goods | |||||||||||
| Work in process and raw materials | |||||||||||
| Inventories |
Based on: 10-K (filing date: 2019-02-26), 10-K (filing date: 2018-02-27), 10-K (filing date: 2017-02-28), 10-K (filing date: 2016-02-23), 10-K (filing date: 2015-02-24).
| Item | Description | The company |
|---|---|---|
| Inventories | Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer. | International Business Machines Corp.’s inventories increased from 2016 to 2017 and from 2017 to 2018. |