Stock Analysis on Net

International Business Machines Corp. (NYSE:IBM)

Cash Flow Statement
Quarterly Data

The cash flow statement provides information about a company 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 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
3 months ended: Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Net income (loss) 2,914 (330) 1,834 1,605 3,288 1,703 1,584 927 2,710 (3,196) 1,392 733 2,333 1,130 1,325 955 1,356 1,698 1,361 1,175
Pension settlement charge 388 2,725 5,894
Depreciation 524 563 548 533 541 521 520 527 570 586 620 631 749 1,037 1,050 1,052 1,089 1,070 1,056 1,012
Amortization of capitalized software and acquired intangible assets 589 705 607 598 611 572 557 547 567 577 626 625 632 647 630 620 610 613 623 622
Stock-based compensation 345 330 316 320 290 287 288 268 248 251 254 234 263 262 244 213 279 222 247 189
Net (gain) loss on divestitures, asset sales and other (2,350) (353) (26) (253) (1,194) 24 (60) (54) (2,786) 38 (49) (51) (2,157) (7) (152) 8 (3,353) (82) (155) 316
Changes in operating assets and liabilities, net of acquisitions/divestitures 1,920 (759) (1,213) 1,365 927 (51) (251) 1,559 2,656 (2,249) (1,522) 1,076 724 (356) (472) 2,066 5,879 764 444 1,162
Adjustments to reconcile net income (loss) to cash provided by operating activities 1,416 3,211 232 2,563 1,175 1,353 1,054 2,847 1,255 5,097 (71) 2,515 211 1,583 1,300 3,959 4,504 2,587 2,215 3,301
Net cash provided by operating activities 4,330 2,881 2,066 4,168 4,463 3,056 2,638 3,774 3,965 1,901 1,321 3,248 2,544 2,713 2,625 4,914 5,860 4,285 3,576 4,476
Payments for property, plant and equipment (303) (286) (220) (239) (300) (281) (364) (300) (409) (317) (339) (281) (450) (558) (560) (494) (678) (725) (585) (630)
Proceeds from disposition of property, plant and equipment 21 479 45 12 184 112 14 11 13 8 18 72 75 97 76 139 41 65 36 46
Investment in software (141) (138) (224) (134) (148) (112) (137) (168) (147) (138) (172) (169) (151) (176) (204) (175) (143) (168) (148) (153)
Acquisition of businesses, net of cash acquired (541) (2,513) (153) (82) (137) (4,589) (334) (22) (1,328) (62) (260) (698) (275) (152) (1,746) (1,120) (299) (17) (7) (13)
Divestitures of businesses, net of cash transferred (7) 2 703 (10) 6 1 3 1,207 61 88 51 (10) (15) (7) (247) 731 26
Non-operating finance receivables, net 1 (17) 25 (9) 446 (66) 115 (20)
Purchases of marketable securities and other investments (1,261) (905) (662) (4,934) (768) (1,115) (728) (8,531) (1,459) (2,135) (1,311) (1,025) (908) (764) (1,015) (875) (1,234) (1,534) (2,382) (1,096)
Proceeds from disposition of marketable securities and other investments 853 1,774 3,453 464 4,005 4,042 1,550 1,050 2,010 944 1,029 682 945 890 763 549 1,316 2,360 1,004 938
Net cash used in investing activities (1,379) (1,587) 2,239 (4,210) 2,836 (1,953) 7 (7,960) (1,319) (1,697) 172 (1,358) (675) (629) (2,671) (2,000) (558) (332) (1,236) (902)
Proceeds from new debt 219 5,486 154 9,432 8 3,394 318 4,084 128 151 192 51 167 147 4,135 6,055
Payments to settle debt (124) (1,267) (3,118) (2,106) (109) (1,713) (1,135) (2,125) (1,354) (1,487) (2,830) (1,129) (1,276) (1,347) (1,713) (4,261) (4,563) (379) (3,138) (5,285)
Short-term borrowings (repayments) less than 90 days, net 21 9 (1) 1 (13) 9 (3) (4) 230 (1) (8) (880) 908 21 (89) (386) (18) (1,035) 586
Common stock repurchases for tax withholdings (112) (189) (151) (199) (64) (98) (144) (96) (78) (14) (235) (80) (67) (18) (193) (41) (77) (14) (167) (44)
Proceeds from issuance of shares 745
Financing, other (660) 225 73 216 89 31 59 (3) 70 81 40 (15) (2) 29 29 14 20 28 31 13
Distribution from Kyndryl 879
Cash dividends paid (1,546) (1,543) (1,537) (1,521) (1,518) (1,515) (1,510) (1,497) (1,494) (1,491) (1,488) (1,475) (1,474) (1,471) (1,467) (1,457) (1,454) (1,453) (1,450) (1,440)
Net cash provided by (used in) financing activities (1,676) (2,765) (4,515) 1,877 (1,615) (3,132) (2,730) 5,708 (2,852) 713 (4,196) 1,377 (2,692) (1,748) (3,131) (5,783) (6,293) (1,689) (1,624) (115)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (329) 207 (77) (159) 130 (120) (26) 25 220 (196) (263) (4) (27) (94) 69 (133) 113 101 101 (402)
Net change in cash, cash equivalents and restricted cash 946 (1,264) (287) 1,676 5,814 (2,149) (111) 1,547 14 721 (2,966) 3,263 (850) 242 (3,108) (3,002) (878) 2,365 817 3,057

Based on: 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).

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. net cash provided by operating activities increased from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.
Net cash used in 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. net cash used in investing activities decreased from Q2 2024 to Q3 2024 but then slightly increased from Q3 2024 to Q4 2024.
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. net cash provided by (used in) financing activities increased from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.