Stock Analysis on Net
Stock Analysis on Net

International Business Machines Corp. (NYSE:IBM)

Cash Flow Statement
Quarterly Data

Beginner level

The cash flow statement provides information about a company’s cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company’s balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

International Business Machines Corp., consolidated cash flow statement (quarterly data)

US$ in millions

Microsoft Excel LibreOffice Calc
3 months ended: 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
Net income 1,361  1,175  3,670  1,672  2,498  1,591  1,951  2,694  2,404  1,679  (1,054) 2,725  2,332  1,750  4,501  2,853  2,504  2,014  4,463  2,950  3,449  2,328 
Depreciation 1,056  1,012  1,021  1,058  987  1,143  790  790  773  774  790  792  730  709  731  724  705  677  681  646  665  670 
Amortization of intangibles 623  622  629  611  307  303  322  348  343  340  359  384  387  390  396  403  398  347  309  290  296  298 
Stock-based compensation 247  189  211  220  135  113  139  129  126  116  146  123  136  129  141  142  128  133  99  112  130  127 
Net (gain) loss on asset sales and other (155) 316  (1,796) (41) (611) (176) 995  (24) (30) 35  (1,009) 19  60  13  (1,169) (68) (5) 172  1,284  431  (199) 352 
Loss on Microelectronics business disposal —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  23  11  37  — 
Changes in operating assets and liabilities, net of acquisitions/divestitures 444  1,162  (284) 99  (375) 1,785  (78) 295  (1,322) 1,658  6,501  (473) (179) 964  (943) 159  (287) 2,302  (1,580) (205) (494) (165)
Adjustments to reconcile net income to cash provided by operating activities 2,215  3,301  (219) 1,947  443  3,168  2,168  1,538  (110) 2,923  6,787  845  1,134  2,205  (844) 1,360  939  3,631  816  1,285  435  1,282 
Net cash provided by operating activities 3,576  4,476  3,451  3,619  2,941  4,759  4,119  4,232  2,294  4,602  5,733  3,570  3,466  3,955  3,657  4,213  3,443  5,645  5,279  4,235  3,884  3,610 
Payments for property, plant and equipment (585) (630) (576) (588) (583) (539) (782) (812) (931) (870) (956) (848) (685) (740) (973) (768) (870) (956) (909) (948) (865) (857)
Proceeds from disposition of property, plant and equipment 36  46  85  69  302  81  56  12  77  103  123  201  78  58  190  62  43  129  56  132  135  47 
Investment in software (148) (153) (153) (163) (149) (156) (151) (143) (149) (126) (133) (133) (141) (137) (142) (146) (151) (144) (165) (117) (177) (113)
Acquisition of businesses, net of cash acquired (7) (13) —  (32,587) (42) (1) (17) (1) (51) (71) (54) (273) (60) (109) (234) (40) (2,815) (2,590) (2,528) (113) (560) (148)
Divestitures of businesses, net of cash transferred 731  26  149  39  855  33  —  —  —  —  (240) 30  (1) (489) —  (12) 47  87  (569) 62  19 
Non-operating finance receivables, net 115  (20) 624  2,268  3,635  193  (880) (44) 510  (89) (2,496) (347) (755) 1,570  (2,022) (231) 1,358  (1,731) (4) (277) 1,615 
Purchases of marketable securities and other investments (2,382) (1,096) (880) (1,010) (665) (1,138) (1,017) (3,213) (1,290) (1,521) (1,194) (1,424) (1,073) (1,273) (1,896) (1,635) (1,345) (1,041) (972) (385) (897) (819)
Proceeds from disposition of marketable securities and other investments 1,004  938  879  1,599  809  674  3,246  1,232  1,199  810  1,132  895  901  982  2,190  1,474  859  1,169  717  661  648  816 
Net cash (used in) provided by investing activities (1,236) (902) 128  (30,373) 4,162  (853) 455  (2,969) (635) (1,764) (3,818) (1,923) (1,705) 350  (3,376) (1,050) (4,522) (2,028) (5,445) (1,343) (1,931) 560 
Proceeds from new debt 4,135  6,055  329  247  25,270  5,979  2,177  2,208  336  2,170  288  3,520  2,948  2,887  764  105  178  8,085  1,839  936  475  2,290 
Payments to settle debt (3,138) (5,285) (4,053) (5,022) (2,101) (1,768) (4,287) (592) (359) (3,295) (564) (4,146) (575) (1,531) (779) (2,191) (1,214) (2,211) (233) (926) (1,639) (2,824)
Short-term borrowings (repayments) less than 90 days, net (1,035) 586  (457) (1,833) (328) 21  965  (21) (15) 412  1,414  179  (93) (880) 890  45  (910) (979) 903  953  (776)
Common stock repurchases —  —  —  (125) (316) (920) (2,050) (626) (990) (777) (666) (949) (1,432) (1,293) (870) (857) (836) (939) (763) (1,543) (1,138) (1,165)
Common stock repurchases for tax withholdings (167) (44) (86) (34) (91) (61) (23) (5) (90) (53) (40) (6) (97) (50) —  —  —  —  —  —  —  — 
Financing, other 31  13  30  26  33  29  31  36  16  36  41  43  54  37  53  55  59  49  52  59  161 
Cash dividends paid (1,450) (1,440) (1,438) (1,436) (1,436) (1,397) (1,416) (1,431) (1,437) (1,382) (1,387) (1,395) (1,403) (1,321) (1,329) (1,337) (1,340) (1,250) (1,261) (1,270) (1,278) (1,088)
Net cash provided by (used in) financing activities (1,624) (115) (5,675) (8,177) 21,031  1,863  (4,605) (436) (2,519) (2,909) (919) (2,756) (609) (2,134) (1,287) (4,182) (3,156) 2,834  (1,348) (1,848) (2,568) (3,402)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 101  (402) 185  (378) 128  (101) (96) (56) (442) 99  61  328  448  99  (206) 41  (103) 217  (280) 43  213  (449)
Net change in cash, cash equivalents and restricted cash 817  3,057  (1,911) (35,309) 28,262  5,668  (127) 771  (1,302) 28  1,057  (781) 1,600  2,270  (1,212) (978) (4,338) 6,668  (1,794) 1,087  (402) 319 

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).

Cash flow statement item Description The company
Net cash provided by operating activities Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. International Business Machines Corp.’s net cash provided by operating activities increased from Q4 2019 to Q1 2020 but then slightly decreased from Q1 2020 to Q2 2020 not reaching Q4 2019 level.
Net cash (used in) provided by investing activities Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. International Business Machines Corp.’s net cash (used in) provided by investing activities decreased from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.
Net cash provided by (used in) financing activities Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. International Business Machines Corp.’s net cash provided by (used in) financing activities increased from Q4 2019 to Q1 2020 but then slightly decreased from Q1 2020 to Q2 2020.