Stock Analysis on Net

International Business Machines Corp. (NYSE:IBM)

$24.99

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.

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

US$ in millions

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Taxes
Short-term debt
Accounts payable
Compensation and benefits
Deferred income
Current operating lease liabilities
Other accrued expenses and liabilities
Current liabilities
Long-term debt, excluding current maturities
Retirement and nonpension postretirement benefit obligations
Deferred income
Noncurrent operating lease liabilities
Income tax reserves
Deferred taxes
Excess Savings Plan
Disability benefits
Derivative liabilities
Workforce reductions
Environmental accruals
Other
Other liabilities
Noncurrent liabilities
Total liabilities
Common stock, par value $.20 per share, and additional paid-in capital
Retained earnings
Treasury stock, at cost
Accumulated other comprehensive loss
Total IBM stockholders’ equity
Noncontrolling interests
Total equity
Total liabilities and equity

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).


The annual financial data reveals several trends in liabilities, equity, and key expense categories over the five-year period.

Taxes
Tax expenses display a gradual decrease from 3,301 million US$ in 2020 to 2,033 million US$ in 2024, with minor fluctuations in intermediate years.
Short-term Debt
Short-term debt declines steadily over the period with a notable drop from 7,183 million US$ in 2020 to 5,089 million US$ in 2024, though there is a temporary increase in 2023.
Accounts Payable
The accounts payable figures largely stabilize around the 4,000 million US$ mark after a decline from 4,908 million US$ in 2020 to approximately 4,032 million US$ in 2024.
Compensation and Benefits
Compensation and benefits increase gradually, rising from 3,440 million US$ in 2020 to 3,605 million US$ in 2024, indicating steady growth in employee-related costs.
Deferred Income
Reported deferred income demonstrates a decline from 12,833 million US$ in 2020 to 12,032 million US$ in 2022, followed by a recovery to 13,907 million US$ by 2024.
Current Operating Lease Liabilities
This liability decreases consistently from 1,357 million US$ in 2020 to 768 million US$ in 2024, reflecting reduced short-term lease commitments.
Other Accrued Expenses and Liabilities
These liabilities show a significant drop from 6,847 million US$ in 2020 to 3,708 million US$ in 2024, with some minor fluctuations in the years in between.
Current Liabilities
Overall current liabilities fall from 39,869 million US$ in 2020 to 33,142 million US$ in 2024, with a slight rebound in 2023.
Long-term Debt Excluding Current Maturities
Long-term debt trends downward from 54,355 million US$ in 2020 to 44,917 million US$ in 2021, but then rises steadily again to reach 49,884 million US$ in 2024.
Retirement and Postretirement Benefit Obligations
There is a marked decrease from 18,248 million US$ in 2020 to 9,432 million US$ in 2024, indicating a reduction in these long-term benefit obligations.
Income Tax Reserves
Income tax reserves increase progressively, starting at 5,274 million US$ in 2020 and reaching 6,865 million US$ in 2024.
Deferred Taxes
Deferred taxes experience a considerable decline from 5,472 million US$ in 2020 to just 815 million US$ in 2024.
Derivative Liabilities
These liabilities rise notably from 40 million US$ in 2020 to a peak of 488 million US$ in 2022, then fluctuate and settle at 463 million US$ in 2024.
Workforce Reductions
Liabilities related to workforce reductions decrease over the period from 956 million US$ in 2020 to 445 million US$ in 2024.
Other Liabilities
Other liabilities diminish from 14,897 million US$ in 2020 to 11,048 million US$ in 2024, showing a continuous downward trend.
Noncurrent Liabilities
Noncurrent liabilities decrease from 95,375 million US$ in 2020 to 76,641 million US$ in 2024, although a rebound is observed in 2023.
Total Liabilities
Total liabilities display a declining trend from 135,244 million US$ in 2020 to 109,783 million US$ in 2024, with a minor increase in 2023.
Common Stock and Additional Paid-in Capital
This equity component shows steady growth, rising from 56,556 million US$ in 2020 to 61,380 million US$ in 2024.
Retained Earnings
Retained earnings decline from 162,717 million US$ in 2020 to 149,825 million US$ in 2022, followed by modest recovery to 151,163 million US$ in 2024.
Treasury Stock
Treasury stock holdings increase slightly in cost (more negative) from -169,339 million US$ in 2020 to -169,967 million US$ in 2024, indicating additional share repurchases.
Accumulated Other Comprehensive Loss
This loss decreases in magnitude from -29,337 million US$ in 2020 to -15,269 million US$ in 2024, suggesting improved comprehensive income components or reduced losses.
Total Stockholders’ Equity
Total equity fluctuates but shows an overall increase from 20,597 million US$ in 2020 to 27,307 million US$ in 2024, implying strengthening equity base.
Noncontrolling Interests
These interests decline from 130 million US$ in 2020 to 77 million US$ in 2022, before increasing slightly again to 86 million US$ in 2024.
Total Equity
Total equity follows a similar pattern to stockholders’ equity, increasing from 20,727 million US$ in 2020 to 27,393 million US$ in 2024.
Total Liabilities and Equity
This total decreases from 155,971 million US$ in 2020 to 127,243 million US$ in 2022, but then rises to 137,176 million US$ in 2024, indicating overall asset growth after an earlier contraction.