Balance Sheet: Assets

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

International Business Machines Corp., consolidated balance sheet: assets

US$ in millions

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash and cash equivalents	13,068)	7,886)	6,650)	13,212)	8,172)
Restricted cash	21)	103)	307)	463)	141)
Marketable securities	373)	852)	600)	600)	696)
Notes and accounts receivable, trade, net of allowances	7,214)	6,541)	6,754)	7,132)	7,870)
Short-term financing receivables, held for investment, net of allowances	6,102)	6,851)	7,221)	10,892)	14,192)
Short-term financing receivables, held for sale	692)	939)	793)	—)	—)
Other accounts receivable, net of allowances	640)	817)	1,002)	714)	1,733)
Inventory	1,161)	1,552)	1,649)	1,839)	1,619)
Deferred costs	998)	967)	1,097)	2,107)	1,896)
Prepaid expenses and other current assets	2,639)	2,610)	3,466)	2,206)	2,101)
Current assets	32,908)	29,118)	29,539)	39,165)	38,420)
Property, plant and equipment, net	5,501)	5,334)	5,694)	10,040)	10,010)
Operating right-of-use assets, net	3,220)	2,878)	3,222)	4,686)	4,996)
Long-term financing receivables, net of allowances	5,766)	5,806)	5,425)	7,086)	8,712)
Prepaid pension assets	7,506)	8,236)	9,850)	7,610)	6,865)
Deferred costs	842)	866)	924)	2,449)	2,472)
Deferred taxes	6,656)	6,256)	7,370)	9,241)	5,182)
Goodwill	60,178)	55,949)	55,643)	59,617)	58,222)
Intangible assets, net	11,036)	11,184)	12,511)	13,796)	15,235)
Investments and sundry assets	1,628)	1,616)	1,823)	2,281)	2,072)
Noncurrent assets	102,333)	98,125)	102,462)	116,806)	113,766)
Total assets	135,241)	127,243)	132,001)	155,971)	152,186)

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

Assets: Selected Items

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Balance sheet item	Description	The company
Current assets	Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.	International Business Machines Corp. current assets decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.
Property, plant and equipment, net	Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.	International Business Machines Corp. property, plant and equipment, net decreased from 2021 to 2022 but then slightly increased from 2022 to 2023.
Noncurrent assets	Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer.	International Business Machines Corp. noncurrent assets decreased from 2021 to 2022 but then increased from 2022 to 2023 not reaching 2021 level.
Total assets	Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.	International Business Machines Corp. total assets decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.

Current Assets: Selected Items

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Balance sheet item	Description	The company
Cash and cash equivalents	Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.	International Business Machines Corp. cash and cash equivalents increased from 2021 to 2022 and from 2022 to 2023.
Marketable securities	Amount of investment in marketable security, classified as current.	International Business Machines Corp. marketable securities increased from 2021 to 2022 but then decreased significantly from 2022 to 2023.
Notes and accounts receivable, trade, net of allowances	The aggregate of amounts due from customers or clients, within one year of the balance sheet date (or one operating cycle, if longer), for goods or services that have been delivered or sold in the normal course of business and an amount representing an agreement for an unconditional promise by the maker to pay the entity (holder) a definite sum of money at a future date within one year of the balance sheet, reduced to their estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection and net of any write-downs taken for collection uncertainty on the part of the holder, respectively.	International Business Machines Corp. notes and accounts receivable, trade, net of allowances decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.
Inventory	Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer.	International Business Machines Corp. inventory decreased from 2021 to 2022 and from 2022 to 2023.

International Business Machines Corp. (NYSE:IBM)

Balance Sheet: Assets

Assets: Selected Items

Current Assets: Selected Items