Below are the financial statements of International Business Machines, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2024 | 2023 | 2022 |
|---|---|---|---|
| Revenue | — | — | — |
| Services | 29,813a | 30,378a | 30,206a |
| Sales | 32,231a | 30,745a | 29,673a |
| Financing | 709a | 737a | 651a |
| Total revenue | 62,753a | 61,860a | 60,530a |
| Cost | — | — | — |
| Services | -20,529a | -21,051a | -21,062a |
| Sales | -6,303a | -6,127a | -6,374a |
| Financing | -369a | -382a | -406a |
| Total cost | -27,201a | -27,560a | -27,842a |
| Gross profit | 35,551a | 34,300a | 32,687a |
| Expense and other (income) | — | — | — |
| Selling, general and administrative | -19,688a | -19,003a | -18,609a |
| Research, development and engineering | -7,479a | -6,775a | -6,567a |
| Intellectual property and custom development income | -996a | -860a | -663a |
| Other (income) and expense | 1,871a | -914a | 5,803a |
| Interest expense | -1,712a | -1,607a | -1,216a |
| Total expense and other (income) | -29,754a | -25,610a | -31,531a |
| Income from continuing operations before income taxes | 5,797a | 8,690a | 1,156a |
| Provision for/(benefit from) income taxes | -218a | -1,176a | -626a |
| Income from continuing operations | 6,015a | 7,514a | 1,783a |
| Income/(loss) from discontinued operations, net of tax | 8a | -12a | -143a |
| Net income | 6,023a | 7,502a | 1,639a |
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