International Business Machines Corporation (IBM) quarterly balance sheet — complete assets, liabilities & equity history
International Business Machines Corporation (IBM) balance sheet — 30-year assets, liabilities & shareholders' equity history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Total Current Assets | 28.4B | 31.91B | 35.86B | 32.74B | 34.25B | 35.34B | 34.48B | 30.54B | 33.3B | 36.66B | 32.91B | 27.7B | 34.46B | 35.98B | 29.12B | 29B | 27.9B | 31.33B | 29.54B | 29.97B |
| Cash & Short-Term Investments | 8.13B | 11.78B | 14.47B | 14.86B | 15.45B | 17.46B | 14.59B | 13.7B | 13.69B | 19.11B | 13.44B | 10.98B | 16.3B | 17.39B | 8.74B | 9.57B | 7.56B | 10.48B | 7.25B | 8.05B |
| Cash Only | 7.17B | 10.82B | 13.64B | 11.57B | 11.94B | 11.04B | 13.95B | 13.2B | 12.21B | 14.6B | 13.07B | 7.26B | 9.39B | 9.34B | 7.89B | 7.82B | 7.03B | 9.93B | 6.65B | 7.46B |
| Short-Term Investments | 960M | 964M | 830M | 3.29B | 3.5B | 6.43B | 644M | 505M | 1.48B | 4.51B | 373M | 3.72B | 6.9B | 8.06B | 852M | 1.75B | 524M | 550M | 600M | 600M |
| Accounts Receivable | 14.05B | 14.24B | 17.64B | 12.61B | 12.75B | 11.88B | 14.01B | 11.57B | 11.6B | 11.68B | 13.96B | 11.2B | 6.12B | 6.22B | 7B | 6.05B | 13.39B | 6.48B | 7.22B | 15.23B |
| Days Sales Outstanding | 75.01 | 90.14 | 70.67 | 71.42 | 66.01 | 80.13 | 67.05 | 71.23 | 67.17 | 80.65 | 66.59 | 54.02 | 36.28 | 41.75 | 35.97 | 63.4 | 58.21 | 43.44 | 61.88 | 109.71 |
| Inventory | 1.75B | 1.48B | 1.22B | 1.4B | 1.25B | 1.43B | 1.29B | 1.37B | 1.23B | 1.21B | 1.16B | 1.4B | 1.5B | 1.6B | 1.55B | 1.79B | 1.68B | 1.78B | 1.65B | 1.89B |
| Days Inventory Outstanding | 20.21 | 17.41 | 15.52 | 18.07 | 17.43 | 18.8 | 17.17 | 18.27 | 16.32 | 16.07 | 16.55 | 19.82 | 20.25 | 21.06 | 21.81 | 23.96 | 21.73 | 22.46 | 22.64 | 27.68 |
| Other Current Assets | 1.28B | 1.2B | 2.53B | 3.88B | 4.81B | 4.56B | 4.59B | 3.9B | 6.77B | 4.66B | 4.35B | 4.12B | 8.63B | 8.87B | 9.95B | 9.67B | 1.84B | 10.07B | 11.59B | 2.77B |
| Total Non-Current Assets | 119.1B | 124.31B | 116.02B | 113.57B | 114.33B | 110.33B | 102.69B | 103.8B | 100.55B | 100.51B | 102.33B | 101.62B | 97.75B | 97.66B | 98.13B | 96.85B | 99.61B | 101.94B | 102.46B | 114.25B |
| Property, Plant & Equipment | 8.8B | 5.78B | 9.03B | 9.07B | 9.26B | 9.06B | 8.93B | 8.97B | 8.73B | 8.8B | 8.72B | 8.48B | 8.1B | 8.13B | 8.21B | 7.89B | 8.12B | 8.67B | 8.92B | 13.39B |
| Fixed Asset Turnover | 2.35x | 2.15x | 2.18x | 1.78x | 1.85x | 1.62x | 1.96x | 1.69x | 1.80x | 1.65x | 2.02x | 1.78x | 1.91x | 1.74x | 2.07x | 1.76x | 1.85x | 1.61x | 1.50x | 0.97x |
| Goodwill | 74.6B | 74.71B | 67.72B | 67.4B | 67.51B | 66.06B | 60.71B | 61.09B | 59.42B | 59.53B | 60.18B | 59.6B | 56.38B | 56.19B | 55.95B | 54.22B | 55.04B | 56.11B | 55.64B | 61.38B |
| Intangible Assets | 13.96B | 14.62B | 11.39B | 11.73B | 12.25B | 12.39B | 10.66B | 11.09B | 10.25B | 10.75B | 11.04B | 11.28B | 10.5B | 10.9B | 11.18B | 10.97B | 11.57B | 12.31B | 12.51B | 13.03B |
| Long-Term Investments | 2.03B | 2.01B | 7.71B | 1.8B | 1.55B | 1.63B | 1.69B | 1.87B | 1.73B | 1.57B | 1.59B | 1.58B | 1.58B | 1.61B | 1.62B | 1.61B | 1.69B | 1.77B | 1.82B | 2B |
| Other Non-Current Assets | 11.01B | 18.64B | 11.57B | 15.07B | 15.29B | 13.58B | 13.73B | 13.84B | 14.04B | 13.39B | 14.15B | 14.51B | 14.85B | 14.4B | 14.91B | 15.29B | 16.11B | 15.52B | 16.2B | 15.49B |
| Total Assets | 152.1B | 156.23B | 151.88B | 146.31B | 148.59B | 145.67B | 137.18B | 134.34B | 133.85B | 137.17B | 135.24B | 129.32B | 132.21B | 133.64B | 127.24B | 125.85B | 127.5B | 133.28B | 132B | 144.21B |
| Asset Turnover | 0.11x | 0.10x | 0.13x | 0.11x | 0.12x | 0.10x | 0.13x | 0.11x | 0.12x | 0.11x | 0.13x | 0.11x | 0.12x | 0.11x | 0.13x | 0.11x | 0.12x | 0.11x | 0.12x | 0.09x |
| Asset Growth % | 2.37% | 7.25% | 10.72% | 8.91% | 11.01% | 6.2% | 1.43% | 3.88% | 1.24% | 2.64% | 6.29% | 2.76% | 3.69% | 0.27% | -3.6% | -12.73% | -13.15% | -10.33% | -15.37% | -6.43% |
| Total Current Liabilities | 35.91B | 40.1B | 38.66B | 35.14B | 37.73B | 35.11B | 33.14B | 28.85B | 29.65B | 32.4B | 34.12B | 30.61B | 32.51B | 30.99B | 31.5B | 30.47B | 31.84B | 34.06B | 33.62B | 35.83B |
| Accounts Payable | 4.39B | 4.04B | 4.76B | 3.87B | 3.97B | 3.58B | 4.03B | 3.27B | 3.63B | 3.59B | 4.13B | 3.34B | 3.73B | 3.73B | 4.05B | 3.81B | 3.71B | 3.45B | 3.96B | 4.25B |
| Days Payables Outstanding | 52.89 | 56.81 | 51.13 | 53.51 | 49.13 | 52.65 | 47.24 | 48.51 | 48.16 | 52.28 | 48.33 | 48.36 | 48.67 | 51.91 | 51.21 | 51.76 | 44.96 | 48.58 | 52.45 | 63.34 |
| Short-Term Debt | 5.78B | 8.65B | 7.22B | 7.94B | 8.95B | 6.91B | 5.09B | 3.6B | 3.6B | 5.47B | 6.43B | 6.41B | 6.79B | 4.89B | 4.76B | 5.94B | 5.98B | 7.69B | 6.79B | 7.58B |
| Deferred Revenue (Current) | 16.16B | 17.03B | 16.1B | 13.88B | 15.02B | 15.06B | 13.91B | 12.88B | 13.64B | 14.05B | 13.45B | 11.92B | 12.71B | 13.22B | 12.03B | 11.14B | 12.52B | 13.53B | 12.52B | 12.26B |
| Other Current Liabilities | 3.42B | 3.94B | 6.46B | 3.51B | 3.35B | 3.65B | 3.6B | 3.25B | 3.12B | 3.19B | 3.5B | 3.26B | 3.19B | 2.77B | 3.48B | 3.37B | 3.33B | 2.94B | 3.21B | 3.78B |
| Current Ratio | 0.79x | 0.80x | 0.93x | 0.93x | 0.91x | 1.01x | 1.04x | 1.06x | 1.12x | 1.13x | 0.96x | 0.91x | 1.06x | 1.16x | 0.92x | 0.95x | 0.88x | 0.92x | 0.88x | 0.84x |
| Quick Ratio | 0.74x | 0.76x | 0.90x | 0.89x | 0.87x | 0.97x | 1.00x | 1.01x | 1.08x | 1.09x | 0.93x | 0.86x | 1.01x | 1.11x | 0.87x | 0.89x | 0.82x | 0.87x | 0.83x | 0.78x |
| Cash Conversion Cycle | 42.32 | 50.75 | 35.06 | 35.97 | 34.31 | 46.28 | 36.98 | 40.99 | 35.33 | 44.45 | 34.82 | 25.49 | 7.86 | 10.89 | 6.57 | 35.61 | 34.98 | 17.32 | 32.07 | 74.05 |
| Total Non-Current Liabilities | 81.65B | 83.07B | 80.48B | 83.18B | 83.27B | 83.61B | 76.64B | 80.96B | 80.1B | 81.44B | 78.51B | 75.56B | 77.43B | 80.97B | 73.72B | 75.24B | 76.18B | 80.11B | 79.39B | 86.03B |
| Long-Term Debt | 56.21B | 57.71B | 57.38B | 55.17B | 55.22B | 56.37B | 49.88B | 52.98B | 52.93B | 54.03B | 49.77B | 48.83B | 50.69B | 53.83B | 46.02B | 44.94B | 44.22B | 46.45B | 44.85B | 46.93B |
| Capital Lease Obligations | 2.52B | 2.64B | 2.55B | 2.65B | 2.73B | 2.75B | 2.65B | 2.76B | 2.55B | 2.58B | 2.92B | 2.48B | 1.99B | 2.09B | 2.19B | 2.1B | 2.18B | 2.36B | 2.46B | 3.19B |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 815M | 0 | 0 | 0 | 1.15B | 0 | 0 | 1M | 2.29B | 0 | 109M | 101M | 3.96B | 0 |
| Other Non-Current Liabilities | 18.65B | 18.53B | 16.28B | 21.5B | 21.4B | 20.64B | 19.66B | 21.55B | 21.13B | 21.34B | 21.14B | 21.17B | 21.49B | 21.61B | 19.71B | 25.17B | 26.71B | 27.88B | 24.54B | 32.3B |
| Total Liabilities | 117.56B | 123.17B | 119.14B | 118.32B | 121B | 118.72B | 109.78B | 109.81B | 109.74B | 113.84B | 112.63B | 106.17B | 109.94B | 111.97B | 105.22B | 105.7B | 108.03B | 114.16B | 113B | 121.86B |
| Total Debt | 65.27B | 69.8B | 67.15B | 66.57B | 67.72B | 66.83B | 58.4B | 60.13B | 59.84B | 62.87B | 59.94B | 58.52B | 60.3B | 61.68B | 54.01B | 53.83B | 53.38B | 57.55B | 55.14B | 58.98B |
| Net Debt | 58.1B | 58.98B | 53.51B | 55B | 55.78B | 55.8B | 44.45B | 46.93B | 47.63B | 48.11B | 46.87B | 51.27B | 50.91B | 52.34B | 46.13B | 46.01B | 46.34B | 47.61B | 48.49B | 51.52B |
| Debt / Equity | 1.89x | 2.11x | 2.05x | 2.38x | 2.45x | 2.48x | 2.13x | 2.45x | 2.48x | 2.69x | 2.65x | 2.53x | 2.71x | 2.85x | 2.45x | 2.67x | 2.74x | 3.01x | 2.90x | 2.64x |
| Debt / EBITDA | 22.01x | 19.98x | 10.93x | 16.88x | 15.56x | 22.72x | 11.65x | 17.45x | 16.67x | 23.34x | 11.64x | 18.31x | 17.97x | 24.57x | 11.65x | 19.76x | 16.65x | 23.58x | 12.66x | 19.53x |
| Net Debt / EBITDA | 19.60x | 16.89x | 8.71x | 13.95x | 12.82x | 18.97x | 8.86x | 13.62x | 13.27x | 17.86x | 9.11x | 16.04x | 15.17x | 20.85x | 9.95x | 16.89x | 14.45x | 19.51x | 11.13x | 17.06x |
| Interest Coverage | 6.10x | 3.93x | 9.67x | 5.94x | 6.09x | 3.55x | 8.80x | -0.87x | 6.20x | 3.49x | 10.28x | 5.55x | 5.73x | 3.88x | 11.58x | -14.26x | 6.80x | 3.00x | 10.43x | 3.80x |
| Total Equity | 34.54B | 33.05B | 32.74B | 27.99B | 27.59B | 26.95B | 27.39B | 24.53B | 24.1B | 23.33B | 22.61B | 23.16B | 22.27B | 21.67B | 22.02B | 20.15B | 19.48B | 19.11B | 19B | 22.36B |
| Equity Growth % | 25.2% | 22.64% | 19.52% | 14.11% | 14.46% | 15.51% | 21.14% | 5.93% | 8.23% | 7.66% | 2.69% | 14.94% | 14.35% | 13.39% | 15.92% | -9.88% | -11.74% | -11.16% | -8.35% | 4.8% |
| Book Value per Share | 36.26 | 34.72 | 34.38 | 29.50 | 29.14 | 28.51 | 29.07 | 26.56 | 25.80 | 25.00 | 24.39 | 25.07 | 24.22 | 23.61 | 24.04 | 22.28 | 21.39 | 21.02 | 21.00 | 24.68 |
| Total Shareholders' Equity | 34.45B | 32.97B | 32.65B | 27.91B | 27.51B | 26.88B | 27.31B | 24.45B | 24.03B | 23.26B | 22.53B | 23.08B | 22.2B | 21.6B | 21.94B | 20.08B | 19.41B | 19.05B | 18.9B | 22.23B |
| Common Stock | 64.6B | 63.94B | 63.32B | 62.82B | 62.39B | 61.91B | 61.38B | 61.01B | 60.5B | 60.15B | 59.64B | 59.31B | 58.96B | 58.67B | 58.34B | 58.12B | 57.8B | 57.6B | 57.32B | 57.19B |
| Retained Earnings | 155.94B | 155.33B | 155.65B | 151.58B | 151.37B | 150.7B | 151.16B | 149.79B | 151.66B | 151.36B | 151.28B | 149.51B | 149.32B | 149.25B | 149.82B | 148.61B | 153.3B | 153.4B | 154.21B | 161.75B |
| Treasury Stock | -170.93B | -170.87B | -170.6B | -170.51B | -170.21B | -170.16B | -169.97B | -169.94B | -169.81B | -169.76B | -169.62B | -169.64B | -169.58B | -169.54B | -169.48B | -169.51B | -169.52B | -169.42B | -169.39B | -169.41B |
| Accumulated OCI | -15.15B | -15.41B | -15.71B | -15.98B | -16.04B | -15.57B | -15.27B | -16.42B | -18.32B | -18.49B | -18.76B | -16.1B | -16.5B | -16.78B | -16.74B | -17.14B | -22.17B | -22.53B | -23.23B | -27.3B |
| Minority Interest | 89M | 81M | 93M | 85M | 79M | 72M | 86M | 82M | 77M | 72M | 80M | 75M | 70M | 68M | 77M | 71M | 67M | 62M | 95M | 129M |