Stock Analysis on Net
Stock Analysis on Net

International Business Machines Corp. (NYSE:IBM)

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

Beginner level

The balance sheet 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 balance sheet: liabilities and stockholders’ equity (quarterly data)

US$ in millions

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Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Taxes 2,627  2,348  2,839  2,154  2,439  2,484  3,046  2,502  2,780  2,918  4,219  3,038  2,779  2,747  3,235  2,137  2,275  2,203  2,847  2,883  3,639  3,539 
Short-term debt 9,289  11,642  8,797  8,530  14,594  10,250  10,207  10,932  7,646  5,977  6,987  4,299  8,061  8,340  7,513  6,920  4,887  5,303  6,461  7,538  5,329  4,532 
Accounts payable 4,719  4,172  4,896  4,042  4,724  5,711  6,558  5,384  5,518  5,736  6,451  5,442  5,126  5,324  6,209  5,271  5,484  5,302  6,028  5,166  5,943  6,314 
Compensation and benefits 3,486  3,029  3,406  3,504  3,556  3,027  3,310  3,601  3,686  3,289  3,644  3,918  3,865  3,197  3,577  3,958  3,950  3,444  3,560  3,785  3,991  3,328 
Deferred income 12,469  13,377  12,026  11,223  11,261  12,134  11,165  10,704  11,752  13,059  11,552  10,649  11,541  12,351  11,035  10,815  11,508  12,609  11,021  10,458  11,332  12,162 
Current operating lease liabilities 1,343  1,327  1,380  1,377  1,319  1,313  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Other accrued expenses and liabilities 4,509  4,778  4,357  4,236  4,458  3,952  3,941  3,699  4,060  4,754  4,510  4,351  4,594  4,522  4,706  5,346  5,481  5,803  4,352  3,902  5,301  5,765 
Current liabilities 38,442  40,673  37,701  35,066  42,351  38,871  38,227  36,822  35,442  35,733  37,363  31,697  35,966  36,481  36,275  34,447  33,585  34,664  34,269  33,732  35,535  35,640 
Long-term debt, excluding current maturities 55,449  52,685  54,102  57,797  58,445  39,727  35,605  35,989  37,851  40,410  39,837  41,327  37,612  34,441  34,655  35,563  39,638  40,254  33,428  32,122  33,339  34,295 
Retirement and nonpension postretirement benefit obligations 16,483  16,474  17,142  15,925  16,471  16,467  17,002  15,774  15,963  16,750  16,720  17,554  17,320  16,967  17,070  16,688  16,723  16,939  16,504  17,012  17,298  17,211 
Deferred income 3,787  3,769  3,851  3,382  3,474  3,481  3,445  3,507  3,718  3,852  3,746  3,579  3,617  3,557  3,600  3,611  3,837  3,662  3,771  3,593  3,892  3,811 
Noncurrent operating lease liabilities 3,684  3,799  3,879  3,790  3,946  3,590  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Other liabilities 15,667  15,875  14,527  15,564  12,189  12,184  12,173  9,979  10,000  10,250  9,965  7,722  7,436  7,601  7,478  8,138  8,384  8,265  8,099  8,739  8,828  8,790 
Noncurrent liabilities 95,070  92,602  93,501  96,458  94,525  75,449  68,225  65,249  67,532  71,262  70,268  70,182  65,985  62,566  62,803  64,000  68,582  69,120  61,802  61,466  63,357  64,107 
Total liabilities 133,512  133,275  131,202  131,524  136,876  114,320  106,452  102,071  102,974  106,995  107,631  101,879  101,951  99,047  99,078  98,447  102,167  103,784  96,071  95,198  98,892  99,747 
Common stock, par value $0.20 per share, and additional paid-in capital 56,135  56,092  55,895  55,808  55,404  55,287  55,151  54,987  54,827  54,712  54,566  54,395  54,235  54,104  53,935  53,759  53,565  53,439  53,262  53,220  53,059  52,928 
Retained earnings 162,559  162,626  162,954  160,709  160,467  159,396  159,206  158,612  157,349  156,371  153,126  155,565  154,234  153,292  152,759  149,585  148,071  146,888  146,124  142,898  141,218  139,030 
Treasury stock, at cost (169,386) (169,436) (169,413) (169,474) (169,385) (169,021) (168,071) (165,995) (165,366) (164,334) (163,507) (162,812) (161,860) (160,359) (159,050) (158,170) (157,298) (156,404) (155,518) (154,669) (153,162) (151,975)
Accumulated other comprehensive loss (28,757) (29,283) (28,595) (29,087) (28,841) (29,181) (29,490) (27,820) (28,290) (28,583) (26,591) (27,521) (28,190) (28,710) (29,398) (28,164) (28,605) (28,998) (29,606) (28,155) (27,431) (27,842)
Total IBM stockholders’ equity 20,551  19,999  20,841  17,956  17,645  16,481  16,796  19,784  18,520  18,166  17,594  19,627  18,419  18,327  18,246  17,010  15,733  14,925  14,262  13,294  13,684  12,141 
Noncontrolling interests 137  129  144  140  131  126  134  134  128  124  131  130  125  121  146  149  156  147  162  157  153  149 
Total equity 20,688  20,128  20,985  18,096  17,776  16,607  16,930  19,918  18,648  18,290  17,725  19,757  18,544  18,448  18,392  17,159  15,889  15,072  14,424  13,451  13,837  12,290 
Total liabilities and equity 154,200  153,403  152,187  149,620  154,652  130,927  123,382  121,989  121,622  125,285  125,356  121,636  120,495  117,495  117,470  115,606  118,056  118,856  110,495  108,649  112,729  112,037 

Based on: 10-Q (filing date: 2020-07-28), 10-Q (filing date: 2020-04-28), 10-K (filing date: 2020-02-25), 10-Q (filing date: 2019-10-30), 10-Q (filing date: 2019-07-30), 10-Q (filing date: 2019-04-30), 10-K (filing date: 2019-02-26), 10-Q (filing date: 2018-10-30), 10-Q (filing date: 2018-07-31), 10-Q (filing date: 2018-04-24), 10-K (filing date: 2018-02-27), 10-Q (filing date: 2017-10-31), 10-Q (filing date: 2017-07-25), 10-Q (filing date: 2017-04-25), 10-K (filing date: 2017-02-28), 10-Q (filing date: 2016-10-25), 10-Q (filing date: 2016-07-26), 10-Q (filing date: 2016-04-26), 10-K (filing date: 2016-02-23), 10-Q (filing date: 2015-10-27), 10-Q (filing date: 2015-07-28), 10-Q (filing date: 2015-04-28).

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.’s current liabilities increased from Q4 2019 to Q1 2020 but then slightly decreased from Q1 2020 to Q2 2020 not reaching Q4 2019 level.
Noncurrent liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. International Business Machines Corp.’s noncurrent liabilities decreased from Q4 2019 to Q1 2020 but then increased from Q1 2020 to Q2 2020 exceeding Q4 2019 level.
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 Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.
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). This excludes temporary equity and is sometimes called permanent equity. International Business Machines Corp.’s total IBM stockholders’ equity decreased from Q4 2019 to Q1 2020 but then increased from Q1 2020 to Q2 2020 not reaching Q4 2019 level.