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Statement of Financial Position, Liabilities and Stockholders' Equity

Difficulty: Beginner

The statement of financial position provides creditors, investors, and analysts with information on company's resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company's 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 Statement of Financial Position, Liabilities and Stockholders' Equity

USD $ in millions

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Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014 Dec 31, 2013
Taxes 4,219  3,235  2,847  5,084  4,633 
Short-term debt 6,987  7,513  6,461  5,731  6,862 
Accounts payable 6,451  6,209  6,028  6,864  7,461 
Compensation and benefits 3,644  3,577  3,560  4,031  3,893 
Deferred income 11,552  11,035  11,021  11,877  12,557 
Other accrued expenses and liabilities 4,510  4,706  4,352  6,013  4,748 
Current liabilities 37,363  36,275  34,269  39,600  40,154 
Long-term debt 39,837  34,655  33,428  35,073  32,856 
Retirement and nonpension postretirement benefit obligations 16,720  17,070  16,504  18,261  16,242 
Deferred income 3,746  3,600  3,771  3,691  4,108 
Income tax reserves 4,193  2,621  3,150  3,146  3,189 
Excess 401(k) Plus Plan 1,583  1,494  1,445  1,658  1,673 
Disability benefits 504  538  590  675  699 
Derivative liabilities 38  61  22  31  126 
Workforce reductions 804  782  769  900  940 
Deferred taxes 545  424  253  288  1,741 
Other taxes payable 948  90  89  17  186 
Environmental accruals 262  262  270  240  231 
Warranty accruals 56  68  83  91  171 
Asset retirement obligations 115  142  134  136  129 
Acquisition related 88  111  200  50  205 
Divestiture related 253  270  575  1,124  40 
Other 576  615  519  537  604 
Other liabilities 9,965  7,478  8,099  8,893  9,934 
Noncurrent liabilities 70,268  62,803  61,802  65,918  63,140 
Total liabilities 107,631  99,078  96,071  105,518  103,294 
Common stock, par value $.20 per share, and additional paid-in capital 54,566  53,935  53,262  52,666  51,594 
Retained earnings 153,126  152,759  146,124  137,793  130,042 
Treasury stock, at cost (163,507) (159,050) (155,518) (150,716) (137,242)
Accumulated other comprehensive loss (26,591) (29,398) (29,606) (27,875) (21,602)
Total IBM stockholders' equity 17,594  18,246  14,262  11,868  22,792 
Noncontrolling interests 131  146  162  146  137 
Total equity 17,725  18,392  14,424  12,014  22,929 
Total liabilities and equity 125,356  117,470  110,495  117,532  126,223 
Source: International Business Machines Corp., Annual Reports
Item Description The company
Accounts payable Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). International Business Machines Corp.'s accounts payable increased from 2015 to 2016 and from 2016 to 2017.
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.'s current liabilities increased from 2015 to 2016 and from 2016 to 2017.
Noncurrent liabilities Total obligations incurred as part of normal operations that is expected to be repaid beyond the following twelve months or one business cycle. International Business Machines Corp.'s noncurrent liabilities increased from 2015 to 2016 and from 2016 to 2017.
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.'s total liabilities increased from 2015 to 2016 and from 2016 to 2017.
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's 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). International Business Machines Corp.'s total IBM stockholders' equity increased from 2015 to 2016 but then slightly declined from 2016 to 2017.
Total equity Total of Stockholders' Equity (deficit) items, net of receivables from officers, directors owners, and affiliates of the entity including portions attributable to both the parent and noncontrolling interests (previously referred to as minority interest), if any. The entity including portions attributable to the parent and noncontrolling interests is sometimes referred to as the economic entity. International Business Machines Corp.'s total equity increased from 2015 to 2016 but then slightly declined from 2016 to 2017.