Stock Analysis on Net

International Business Machines Corp. (NYSE:IBM)

Balance Sheet: Liabilities and Stockholders’ Equity

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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

International Business Machines Corp., consolidated balance sheet: liabilities and stockholders’ equity

US$ in millions

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Taxes 2,289  3,301  2,839  3,046  4,219 
Short-term debt 6,787  7,183  8,797  10,207  6,987 
Accounts payable 3,955  4,908  4,896  6,558  6,451 
Compensation and benefits 3,204  3,440  3,406  3,310  3,644 
Deferred income 12,518  12,833  12,026  11,165  11,552 
Current operating lease liabilities 974  1,357  1,380  —  — 
Other accrued expenses and liabilities 3,892  6,847  4,357  3,941  4,510 
Current liabilities 33,619  39,869  37,701  38,227  37,363 
Long-term debt, excluding current maturities 44,917  54,355  54,102  35,605  39,837 
Retirement and nonpension postretirement benefit obligations 14,435  18,248  17,142  17,002  16,720 
Deferred income 3,577  4,301  3,851  3,445  3,746 
Noncurrent operating lease liabilities 2,462  3,574  3,879  —  — 
Income tax reserves 6,179  5,274  5,118  4,195  4,193 
Excess 401(k) Plus Plan 1,686  1,635  1,521  1,380  1,583 
Disability benefits 359  452  478  507  504 
Derivative liabilities 103  40  506  206  38 
Workforce reductions 752  956  725  736  804 
Deferred taxes 3,956  5,472  5,230  3,696  545 
Other taxes payable 72  253  42  40  948 
Environmental accruals 224  246  254  244  262 
Warranty accruals 29  33  45  76  56 
Asset retirement obligations 92  117  94  111  115 
Acquisition related 218  60  13  88 
Divestiture related 47  62  65  173  253 
Other 278  297  440  796  576 
Other liabilities 13,995  14,897  14,527  12,173  9,965 
Noncurrent liabilities 79,386  95,375  93,501  68,225  70,268 
Total liabilities 113,005  135,244  131,202  106,452  107,631 
Common stock, par value $.20 per share, and additional paid-in capital 57,319  56,556  55,895  55,151  54,566 
Retained earnings 154,209  162,717  162,954  159,206  153,126 
Treasury stock, at cost (169,393) (169,339) (169,413) (168,071) (163,507)
Accumulated other comprehensive loss (23,234) (29,337) (28,595) (29,490) (26,591)
Total IBM stockholders’ equity 18,901  20,597  20,841  16,796  17,594 
Noncontrolling interests 95  130  144  134  131 
Total equity 18,996  20,727  20,985  16,930  17,725 
Total liabilities and equity 132,001  155,971  152,187  123,382  125,356 

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

Balance sheet item Description The company
Current liabilities Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. International Business Machines Corp. current liabilities increased from 2019 to 2020 but then decreased significantly from 2020 to 2021.
Noncurrent liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. International Business Machines Corp. noncurrent liabilities increased from 2019 to 2020 but then decreased significantly from 2020 to 2021.
Total liabilities Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. International Business Machines Corp. total liabilities increased from 2019 to 2020 but then decreased significantly from 2020 to 2021.
Total IBM stockholders’ equity Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. International Business Machines Corp. total IBM stockholders’ equity decreased from 2019 to 2020 and from 2020 to 2021.