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Quarterly TTM Annual
Income Balance Cash flow
7Y

Three-Statement Breakdown

IBM
2026-06-30 · figures in $M

NET DEBT UP

Net debt rose 3.4% to $47.7B.

CASH -2.6%
13,587
TOTAL DEBT +2.0%
61,260
NET DEBT +3.4%
47,673
NET DEBT / ANN. EBITDA —
— AMBIGUOUS D&A
Balance sheet FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 YoY
Cash & equivalents
RESTATED · WAS 13,212 10-Q
8,172 13,188 6,650 7,886 13,068 13,947 13,587 -2.6%
Accounts receivable
RESTATED · WAS 7,132 10-Q
7,870 5,790 6,754 6,541 7,214 6,804 8,112 +19.2%
Inventories
RESTATED · WAS 1,839 10-Q
1,619 1,812 1,649 1,552 1,161 1,289 1,220 -5.4%
Other current assets
RESTATED · WAS 2,206 10-Q
2,101 2,089 3,466 2,611 2,639 2,520 2,530 +0.4%
Total current assets
10-Q
38,420 39,165 29,539 29,118 32,908 34,482 36,944 +7.1%
Current ratio
10-Q
1.02× 0.98× 0.88× 0.92× 0.96× 1.04× 0.96× -8.1%
Goodwill
RESTATED · WAS 59,617 10-Q
52,471 53,765 55,643 55,949 60,178 60,706 67,717 +11.5%
Property, plant & equipment
RESTATED · WAS 10,040 10-Q
10,010 6,205 5,694 5,334 5,501 5,731 5,899 +2.9%
Total assets
10-Q
152,186 155,971 132,001 127,243 135,241 137,175 151,880 +10.7%
Return on assets (annualized)
10-Q
6.2% 3.6% 4.4% 1.3% 5.5% 4.4% 7.0% +58.8%
Accounts payable
RESTATED · WAS 4,908 10-Q
4,896 4,033 3,955 4,051 4,132 4,032 4,756 +18.0%
Short-term debt
RESTATED · WAS 7,053 10-Q
7,522 6,986 6,764 4,751 6,425 5,059 6,424 +27.0%
Total current liabilities
10-Q
37,701 39,869 33,619 31,505 34,122 33,142 38,658 +16.6%
Long-term debt
RESTATED · WAS 54,355 10-Q
54,102 54,217 44,917 46,189 50,121 49,884 54,836 +9.9%
Total liabilities
10-Q
131,202 135,244 113,005 105,222 112,628 109,783 119,139 +8.5%
Net debt
10-Q
62,249 55,131 51,818 47,814 49,904 46,085 47,673 +3.4%
Stockholders' equity
10-Q
20,985 20,727 18,996 22,021 22,613 27,393 32,740 +19.5%

Click a line to select it — Enter or the EXPAND pill folds out its quarter-by-quarter history.

SELECTED · NET DEBT · QoQ BRIDGE
FROM46,085 TOTAL DEBT+1,228 CASH & EQUIVALENTS+360 TO47,673
↹ CLICK A LINE TO SELECT · ⌘F FIND LINE ITEM SRC 10-Q FILED 2026-07-23 ↗