Stock Analysis on Net

International Business Machines Corp. (NYSE:IBM)

$24.99

Balance Sheet: Assets
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

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International Business Machines Corp., consolidated balance sheet: assets (quarterly data)

US$ in millions

Microsoft Excel
Sep 30, 2025 Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 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
Cash and cash equivalents
Restricted cash
Marketable securities
Notes and accounts receivable, trade, net of allowances
Short-term financing receivables, held for investment, net of allowances
Short-term financing receivables, held for sale
Other accounts receivable, net of allowances
Finished goods
Work in process and raw materials
Inventory, at lower of average cost or net realizable value
Deferred costs
Prepaid expenses and other current assets
Current assets
Property, plant and equipment
Accumulated depreciation
Property, plant and equipment, net
Operating right-of-use assets, net
Long-term financing receivables, net of allowances
Prepaid pension assets
Deferred costs
Deferred taxes
Goodwill
Intangible assets, net
Investments and sundry assets
Noncurrent assets
Total assets

Based on: 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 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).


Cash and cash equivalents
The balance of cash and cash equivalents shows fluctuations throughout the periods. It decreased from early 2020 to mid-2021, then experienced a significant increase toward the end of 2023 and stayed relatively high with some volatility through 2024 and 2025.
Restricted cash
Restricted cash amounts remained generally low and relatively stable, with a notable spike occurring around mid-2024, but returned to lower levels thereafter.
Marketable securities
Marketable securities exhibited considerable variation, with elevated levels in early 2023 followed by a sharp decline toward the end of 2023, and some recovery after that. The trend indicates fluctuations in investment securities over time.
Receivables
Notes and accounts receivable, trade, net, showed a general downward trend from early 2020 to late 2023, recovering somewhat in 2024 but declining again toward 2025. Short-term financing receivables held for investment decreased steadily from early 2020 through 2023, with small recovery in 2024 and falling again near the end of 2025. Receivables held for sale appeared from late 2020 onwards, showing irregular fluctuations. Other accounts receivable showed variability but no clear long-term trend, peaking near 2025.
Inventories
Finished goods and work in process/raw materials both experienced fluctuations, with finished goods reaching a low point around late 2023 and then some increase, while work in process and raw materials generally declined toward late 2023 and remained relatively stable afterward. Overall inventory values reflect a similar pattern with some declines toward late 2023 and a modest rebound in 2024 and 2025.
Deferred costs and prepaid expenses
Deferred costs showed a decreasing trend around 2021, with some variability but generally stable amounts through subsequent periods. Prepaid expenses and other current assets rose from early 2020 to late 2021, then fluctuated somewhat with no strong directional trend.
Current assets
Current assets decreased notably from early 2020 to late 2021, experienced a rebound peaking in early 2023, followed by declines and increased variability in 2024 and 2025.
Property, plant and equipment (PP&E) and related accounts
Net PP&E declined sharply in 2021, reflecting a significant asset base reduction, then remained fairly stable with minor fluctuations through 2024 and 2025. Accumulated depreciation followed a similar pattern, indicating large asset retirements or reclassifications in 2021 but steady trends otherwise. Operating right-of-use assets net also decreased during 2020-2021 and displayed moderate stability afterward.
Long-term financing receivables
These balances decreased from early 2020 to 2021, with some recovery in later periods, but overall showed a downward trend followed by moderate fluctuations.
Prepaid pension assets
Prepaid pension assets generally increased gradually from 2020 through early 2021, spiked in late 2021, then declined substantially in early 2023, with fluctuations and a modest recovery afterward.
Deferred taxes and other deferred costs
Deferred taxes decreased substantially in 2021 and fluctuated around a lower level thereafter, showing a slight recovery in late 2024 and 2025. Deferred costs declined considerably in 2021 but remained relatively consistent at reduced levels through later periods.
Goodwill and intangible assets
Goodwill increased steadily from 2020 to 2021, then sharply declined in late 2021, followed by consistent growth through 2024 and reaching new highs by mid-2025. Intangible assets net showed a declining trend overall but experienced intermittent increases especially from early 2023 onward, indicating active management of intangible asset balances.
Investments and sundry assets
These assets showed a mild declining trend through 2023, followed by moderate volatility but remained relatively stable in the later periods.
Noncurrent assets and total assets
Noncurrent assets declined noticeably in 2021, reflecting reductions in PP&E, deferred costs, and other long-term assets, followed by gradual recovery and growth through 2024 and 2025. Total assets mirrored this pattern, with a drop in 2021 but recovery reaching new peaks by mid-2025, indicating overall asset base growth after a period of contraction.

Assets: Selected Items


Current Assets: Selected Items