IBM
CONSOLIDATED BALANCE SHEETS
As of Dec 31, 2019 and 2018
Column1
Column2
(in $ millions, except per share data)
December 31, 2019
ASSETS
Current Assets:
Cash and cash equivalents
Restricted cash
Marketable securities
Notes and accounts receivabletrade (net of allowance of $299 in
2019 and $309 in 2018)
Short-term financing receivables
(net of allowances of $188 in 2019
and $244 in 2018)
Other accounts receivable (net of
allowances of $33 in 2019 and $38
in 2018)
Inventory
Deferred costs
8,172
141
696
7,870
14,192
1,733
1,619
1,896
Prepaid expenses and other current
assets
Total current assets
Property, plant and equipment
Less: Accumulated depreciation
Property, plant and equipment-net
Operating right-of-use assets-net*
Long-term financing receivables
(net of allowances of $33 in 2019
and $48 in 2018)
Prepaid pension assets
Deferred costs
Deferred taxes
Goodwill
Intangible assets-net
Investments and sundry assets
Total assets
LIABILITIES AND EQUITY
Current liabilities:
Taxes
Short-term debt
Accounts payable
Compensation and benefits
Deferred income
2,101
38,420
32,028
22,018
10,010
4,996
8,712
6,865
2,472
5,182
58,222
15,235
2,074
152,186
2,839
8,797
4,896
3,406
12,026
Operating lease liabilities
Other accrued expenses and
liabilities
Total current liabilities
Long-term debt
Retirement and nonpension
postretirement benefit obligations
Deferred income
Operating lease liabilities
Other liabilities
Total liabilities
Commitments and Contingencies
Equity:
IBM stockholders’ equity:
Common stock, par value $.20 per
share and paid-in capital -authorized:4,687,500,000; issued:
2,237,996,975 in 2019 and
2,233,427,058 in 2018
Retained earnings
Treasury stock, at cost (shares:
2019-1,350,886,521; 20181,340,947,648)
1,380
4,357
37,701
54,102
17,142
3,851
3,879
14,526
131,202
55,895
162,954
-169,413
Accumulated other comprehensive
income/(loss)
Total IBM stockholder’s equity
Noncontrolling interests
Total equity
Total liabilities and equity
-28,597
20,841
144
20,985
152,186
HEETS
18
Column3
Column4
December 31, 2018
$ Change
(Column 2 – Column
3)
11,379
225
618
7,432
22,388
743
1,682
2,300
2,378
49,146
32,460
21,668
10,792
–
9,148
4,666
2,676
5,216
36,265
3,087
2,386
123,382
3,046
10,207
6,558
3,310
11,165
3,941
38,227
35,605
17,002
3,445
12,174
106,452
55,151
159,206
-168,071
-29,490
16,796
134
16,929
123,382
Column5
Column6
Common Sized for
% Change
2019
(Change 4/Colume 3) (Colomn 2/Total
assets for 2019)
Column7
Common Sized for
2018
(Colomn 3/Total
assets for 2018)
IBM
CONSOLIDATED INCOME STATE
For the Years Ended Dec 31, 2019, 20
Column 1
(in $ millions)
Revenue
Services
Sales
Financing
Total Revenue
Cost
Services
Sales
Financing
Total cost
Gross profit
Expenses and other (income)
Selling, general and administrative
Research, development and engineering
Intellectual property and custom development
income
Other (income) and expense
Interest espense
Total expense and other (income)
Income from continuing operations before
income taxes
Provision for income taxes
Income from continuing operations
Income/(loss) from discontinued operations, net
of tax
Net income
Earnings/(loss) per share of common stock
Assuming dilution
Continuing operations
Discontinued operations
Total
Basic
Continuing operations
Discontinued operations
Total
Weighted-average number of common shares
outstanding
Assuming dilution
Basic
IBM
ED INCOME STATEMENTS
ed Dec 31, 2019, 2018 and 2017
Column 2
Column 3
Column 4
Year Ended Dec 31
2019
2018
2017
47,493
28,252
1,402
77,147
49,257
28,735
1,599
79,591
48,652
28,772
1,715
79,139
32,491
7,263
904
40,659
36,488
33,687
7,835
1,132
42,655
36,936
33,399
7,587
1,210
42,196
36,943
20,604
5,989
19,366
5,379
19,680
5,590
-648
-968
1,344
26,322
-1,026
1,152
723
25,594
-1,466
1,125
615
25,543
10,166
731
9,435
11,342
2,619
8,723
11,400
5,642
5,758
-4
9,431
5
8,728
-5
5,753
10.57
-0.01
10.56
9.51
0.01
9.52
6.14
0.00
6.14
10.63
0.00
10.63
9.56
0.01
9.57
6.17
0.00
6.17
892,813,376
916,315,714
937,385,625
887,235,105
912,048,072
932,828,295
Column 5
Column6
Column7
Column8
$ Changes for 2019- % Changes $ Changes for % Changes
2018
for 2019-2018 2018-2017 for 2018-2017
(Column 2 – Column
(Column
(Column 3(Column7
3)
5/Column 3) Column 4)
/Column 4)
Column9
Column10
Column11
Common
Common Sized Common Sized
Sized for
for 2018
for 2017
2019
(Column
(Column
(Column
/Total
/Total
/Total
revenues for revenues for
revenues for
2018)
2017)
2019)
Facebook, Inc.
CONSOLIDATED BALANCE SHEETS
As of Dec 31, 2019 and 2018
Column1
(in $ millions, except for number of shares and
par value)
ASSETS
Current assets:
Cash and cash equivalents
Marketable securities
Accounts receivable, net of allowances
of $206 and $229 as of December 31,
2019 and December 31, 2018,
respectively
Prepaid expenses and other current
assets
Total current assets
Property and equipment, net
Operating lease right-of-use assets, net
Intangible assets, net
Goodwill
Other assets
Total assets
LIABILITIES AND EQUITY
Current liabilities:
Accounts payable
Partners payable
Operating lease liabilities, current
Accrued expenses and other current
liabilities
Deferred revenue and deposits
Total current liabilities
Operating lease liabilities, non-current
Other liabilities
Total liabilities
Commitments and contingencies
Stockholders’ equity:
Common stock, $0.000006 par value;
5,000 million Class A shares authorized,
2,407 million and 2,385 million shares
issued and outstanding, as of December
31, 2019 and December 31, 2018,
respectively; 4,141 million Class B
shares authorized, 445 million and 469
million shares issued and outstanding,
as of December 31, 2019 and December
31, 2018, respectively.
Additional paid-in capital
Accumulated other comprehensive loss
Retained earnings
Total stockholders’ equity
Total liabilities and stockholders’
equity
Facebook, Inc.
DATED BALANCE SHEETS
ec 31, 2019 and 2018
Column2
Column3
December 31, 2019
December 31, 2018
19,079
35,776
10,019
31,095
9,518
7,587
1,852
1,779
66,225
35,323
9,460
894
18,715
2,759
50,480
24,683
1,294
18,301
2,576
133,376
97,334
1,363
886
800
820
541
–
11,735
5,509
269
15,053
9,524
7,745
32,322
147
7,017
6,190
13,207
–
–
45,851
-489
55,692
101,054
42,906
-760
41,981
84,127
133,376
97,334
Column4
Column5
$ Change
(Column 2 – Column 3)
% Change
(Change 4/Colume 3)
Column6
Column7
Common Sized for 2019 Common Sized for 2018
(Colomn 2/Total assets (Colomn 3/Total assets
for 2019)
for 2018)
Facebook. Inc
CONSOLIDATED INCOME
For the Years Ended Dec 31, 20
Column1
(in $ millions, except per share data)
Revenues:
Costs and expenses:
Cost of revenue
Research and development
Marketing and sales
General and administrative
Total costs and expenses
Income from operations
Interest and other income, net
Income before provision for income taxes
Provision for income taxes
Net income
Less: Net income attributable to participating
securities
Net income attributable to Class A and Class
B common stockholders
Earnings per share attributable to Class A
and Class B common stockholders:
Basic
Diluted
Weighted-average shares used to compute
earnings per share attributable to Class A
and Class B common stockholders:
Basic
Diluted
Share-based compensation expense included
in costs and expenses:
Cost of revenue
Research and development
Marketing and sales
General and administrative
Total share-based compensation expense
Facebook. Inc
OLIDATED INCOME STATEMENTS
ars Ended Dec 31, 2019, 2018 and 2017
Column2
Column3
December 31, 2019
December 31, 2018
70,697
55,838
12,770
13,600
9,876
10,465
46,711
23,986
826
24,812
6,327
18,485
9,355
10,273
7,846
3,451
30,925
24,913
448
25,361
3,249
22,112
-1
18,485
22,111
6.48
6.43
7.65
7.57
2,854
2,876
2,890
2,921
377
3,488
569
402
4,836
284
3,022
511
335
4,152
Column4
December 31, 2017
40,653
5,454
7,754
4,725
2,517
20,450
20,203
391
20,594
4,660
15,934
-14
15,920
Column 5
$ Changes for 20192018
(Column 2 – Column
3)
5.49
5.39
2,901
2,956
178
2,820
436
289
3,723
Column6
Column7
Column8
% Changes for 2019- $ Changes for 2018- % Changes for 20182018
2017
2017
(Column 5/Column (Column 3- Column (Column7 /Column
3)
4)
4)
Column9
Common Sized for
2019
(Column /Total
revenues for 2019)
Column10
Common Sized for
2018
(Column /Total
revenues for 2018)
Column11
Common Sized for
2017
(Column /Total
revenues for 2017)
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