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The latest financial statement is for the quarter ending 2025-09-30.

Cash Flow Overview

Free Cash flow
$2,827M

Unit: Million (M) dollars (except for numbers of shares and EPS)
Cash Flow
2025-09-30
2025-06-30
2025-03-31
2024-12-31
Net income
1,744 2,194 1,055 2,914
Pension settlement charge
0 --388
Depreciation
584 578 536 524
Amortization of capitalized software and acquired intangible assets
699 687 641 589
Stock-based compensation
443 441 401 345
Deferred taxes
----2,330
Net (gain)/loss on divestitures, asset sales and other
6 18 22 20
Receivables (including financing receivables)
---374
Retirement related
----265
Inventory
---166
Other assets/other liabilities
----1,601
Accounts payable
----13
Changes in operating assets and liabilities, net of acquisitions/divestitures
383 2,180 -2,366 -
Net cash provided by operating activities
3,082 1,701 4,370 4,330
Payments for property, plant and equipment
255 210 244 303
Proceeds from disposition of property, plant and equipment/other
7 37 74 557
Investment in software
162 163 151 141
Purchases of marketable securities and other investments
1,170 1,254 6,486 1,261
Proceeds from disposition of marketable securities and other investments
1,200 4,035 927 853
Acquisition of businesses, net of cash acquired
58 747 7,098 541
Divestiture of businesses, net of cash transferred
0 0 -1 -7
Net cash provided by/(used in) investing activities
-438 1,698 -12,979 -1,379
Proceeds from new debt
6 7 8,378 0
Payments to settle debt
1,114 1,308 1,257 124
Short-term borrowings/(repayments) less than 90 days net
0 0 -29 21
Common stock repurchases for tax withholdings
414 153 284 112
Proceeds from issuance of shares
134 185 216 745
Financing other
-55 -22 -32 -658
Cash dividends paid
1,569 1,563 1,549 1,546
Net cash provided by/(used in) financing activities
-3,012 -2,854 5,443 -1,676
Effect of exchange rate changes on cash, cash equivalents and restricted cash
-58 320 167 -330
Net change in cash, cash equivalents and restricted cash
-427 865 -2,999 946
Cash and cash equivalents at beginning of period
12,026 11,161 14,160 13,214
Cash and cash equivalents at end of period
11,600 12,026 11,161 14,160
Unit: Million (M) dollars

Time Plot

Show the time plot by selecting a row from the table.

INTERNATIONAL BUSINESS MACHINES CORP (IBM)

INTERNATIONAL BUSINESS MACHINES CORP (IBM)