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IBM_new-svg

INTERNATIONAL BUSINESS MACHINES CORP (IBM)

IBM_new-svg

INTERNATIONAL BUSINESS MACHINES CORP (IBM)

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Cash Flow Overview

Free Cash flow
$2,368M
Unit: Million (M) dollars
Positive Cash Flow Breakdown
    • Net income
    • Proceeds from disposition of mar...
    • Amortization of capitalized soft...
    • Others
Negative Cash Flow Breakdown
    • Payments to settle debt
    • Cash dividends paid
    • Changes in operating assets and ...
    • Others
Cash Flow
2026-06-30
2026-03-31
2025-12-31
2025-09-30
Net income
2,165
1,216
5,600
1,744
Pension settlement charges
-
-
0
0
Depreciation
533
555
586
584
Amortization of capitalized software and acquired intangible assets
816
719
710
699
Stock-based compensation
498
506
430
443
Deferred taxes
-
-
-957
-
Net (gain)/loss on divestitures, asset sales and other
67
11
-7
6
Receivables (including financing receivables)
-
-
4,278
-
Retirement related
-
-
50
-
Inventory
-
-
-70
-
Other assets/other liabilities
-
-
-495
-
Accounts payable
-
-
624
-
Changes in operating assets and liabilities, net of acquisitions/divestitures
1,349
-2,989
-
383
Net cash provided by operating activities
2,597
5,169
4,040
3,082
Payments for property, plant and equipment
229
232
382
255
Proceeds from disposition of property, plant and equipment/other
23
8
3
7
Investment in software
154
159
171
162
Purchases of marketable securities and other investments
1,259
1,612
1,185
1,170
Proceeds from disposition of marketable securities and other investments
1,152
1,971
3,542
1,200
Acquisition of businesses, net of cash acquired
15
10,465
391
58
Divestiture of businesses, net of cash transferred
0
1
0
0
Net cash provided by/(used in) investing activities
-481
-10,489
1,417
-438
Proceeds from new debt
0
7,437
0
6
Payments to settle debt
4,213
2,928
1,810
1,114
Short-term borrowings/(repayments) less than 90 days net
0
0
0
0
Common stock repurchases for tax withholdings
115
350
167
414
Proceeds from issuance of shares
240
178
175
134
Financing other
-49
-42
-30
-55
Cash dividends paid
1,590
1,576
1,574
1,569
Net cash provided by/(used in) financing activities
-5,727
2,719
-3,406
-3,012
Effect of exchange rate changes on cash, cash equivalents and restricted cash
-34
-177
-11
-58
Net change in cash, cash equivalents and restricted cash
-3,646
-2,777
2,041
-427
Cash, cash equivalents and restricted cash at january 1
10,864
13,640
11,161
11,161
Cash, cash equivalents and restricted cash at june 30
7,217
10,864
13,640
11,600
Unit: Million (M) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.

Time Plot

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

Cash Flow

Net income$2,165M (-1.32%↓ Y/Y)Amortization of capitalizedsoftware and acquired...$816M (18.78%↑ Y/Y)Depreciation$533M (-7.79%↓ Y/Y)Stock-based compensation$498M (12.93%↑ Y/Y)Net cash provided byoperating activities$2,597M (52.67%↑ Y/Y)Canceled cashflow$1,416M Net change in cash,cash equivalents and...-$3,646M (-521.50%↓ Y/Y)Canceled cashflow$2,597M Proceeds from issuance ofshares$240M (29.73%↑ Y/Y)Proceeds fromdisposition of marketable...$1,152M (-71.45%↓ Y/Y)Proceeds fromdisposition of property,...$23M (-37.84%↓ Y/Y)Changes in operatingassets and...$1,349M (-38.12%↓ Y/Y)Net (gain)/loss ondivestitures, asset sales and...$67M (272.22%↑ Y/Y)Net cash providedby/(used in) financing...-$5,727M (-100.67%↓ Y/Y)Canceled cashflow$240M Net cash providedby/(used in) investing...-$481M (-128.33%↓ Y/Y)Effect of exchange ratechanges on cash, cash...-$34M (-110.63%↓ Y/Y)Canceled cashflow$1,175M Payments to settle debt$4,213M (222.09%↑ Y/Y)Cash dividends paid$1,590M (1.73%↑ Y/Y)Common stockrepurchases for tax...$115M (-24.84%↓ Y/Y)Financing other-$49M (-122.73%↓ Y/Y)Purchases of marketablesecurities and other...$1,259M (0.40%↑ Y/Y)Payments for property,plant and equipment$229M (9.05%↑ Y/Y)Investment in software$154M (-5.52%↓ Y/Y)Acquisition of businesses,net of cash acquired$15M (-97.99%↓ Y/Y)