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Quarterly TTM Annual
Income Balance Cash flow
8P

Three-Statement Breakdown

IBM
2026-06-30 · figures in $M

NET DEBT UP

Net debt rose 9.1% to $60.6B.

CASH -33.7%
7,172
TOTAL DEBT +2.1%
67,759
NET DEBT +9.1%
60,587
NET DEBT / ANN. EBITDA —
— AMBIGUOUS D&A
Balance sheet TTM 24-09 TTM 24-12 TTM 25-03 TTM 25-06 TTM 25-09 TTM 25-12 TTM 26-03 vs prior TTM YoY
Cash & equivalents
10-Q
13,197 13,947 11,035 11,943 11,569 13,587 10,819 7,172 -33.7% -39.9%
Accounts receivable
10-Q
5,390 6,804 5,857 5,974 5,532 8,112 6,493 6,044 -6.9% +1.2%
Inventories
10-Q
1,367 1,289 1,431 1,251 1,397 1,220 1,476 1,746 +18.3% +39.6%
Other current assets
10-Q
2,408 2,520 2,770 2,796 2,739 2,530 3,209 3,188 -0.7% +14.0%
Total current assets
10-Q
30,543 34,482 35,336 34,253 32,740 36,944 31,914 28,398 -11.0% -17.1%
Current ratio
10-Q
1.06× 1.04× 1.01× 0.91× 0.93× 0.96× 0.80× 0.79× -0.6% -12.9%
Goodwill
10-Q
61,092 60,706 66,065 67,506 67,396 67,717 74,709 74,599 -0.1% +10.5%
Property, plant & equipment
10-Q
5,614 5,731 5,742 5,943 5,851 5,899 5,781 5,736 -0.8% -3.5%
Total assets
10-Q
134,339 137,175 145,667 148,585 146,312 151,880 156,229 152,099 -2.6% +2.4%
Return on assets (annualized)
10-Q
4.8% 4.4% 3.8% 3.9% 5.4% 7.0% 6.9% 7.1% +2.4% +79.6%
Accounts payable
10-Q
3,274 4,032 3,585 3,974 3,867 4,756 4,039 4,395 +8.8% +10.6%
Short-term debt
10-Q
3,590 5,059 6,912 8,944 7,941 6,424 7,554 5,772 -23.6% -35.5%
Total current liabilities
10-Q
28,853 33,142 35,106 37,726 35,142 38,658 40,101 35,912 -10.4% -4.8%
Long-term debt
10-Q
52,980 49,884 56,371 55,219 55,174 54,836 57,706 56,212 -2.6% +1.8%
Total liabilities
10-Q
109,809 109,783 118,714 120,998 118,322 119,139 123,174 117,558 -4.6% -2.8%
Net debt
10-Q
46,972 46,085 59,161 61,165 59,488 47,673 55,518 60,587 +9.1% -0.9%
Stockholders' equity
10-Q
24,530 27,393 26,953 27,588 27,990 32,740 33,056 34,541 +4.5% +25.2%

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

SELECTED · NET DEBT · QoQ BRIDGE
FROM55,518 TOTAL DEBT+1,422 CASH & EQUIVALENTS+3,647 TO60,587
↹ CLICK A LINE TO SELECT · ⌘F FIND LINE ITEM SRC 10-Q FILED 2026-07-23 ↗