Por Medida: % Original:2010 A % Original:2011 A % Original:2012 A % Restated:2013 A % Restated:2014 A
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Ticker: IBM US Equity Periodo: Anuales Divisa: USD Nota: Años mostrados en el informe son fiscales. Empresa: International Business Machines Corp
Registro: Más reciente
Por medida
% Original:2010 A % Original:2011 A % Original:2012 A % Restated:2013 A % Restated:2014 A
Plazo termina 2010-12-31 2010-12-31 2011-12-31 2011-12-31 2012-12-31 2012-12-31 2013-12-31 2013-12-31 2014-12-31 2014-12-31
Ingreso 100.00 99,870.00 100.00 106,915.00 100.00 102,874.00 100.00 98,367.00 100.00 92,793.00
Global Technology
Services(GTS)
Infrastructure &
Cloud Services
Technical Support 8.95 8,276.00
Services
Cloud and Cognitive
Software
Cloud & Data
Platforms
Transaction
Processing Platforms
Cognitive
Applications
Global Business 18.38 18,223.00 18.16 19,284.00 18.15 18,566.00 18.79 18,395.00 21.11 19,512.00
Services
Consulting 9.80 9,057.00
Application 9.49 8,767.00
Management
Global Process 1.83 1,688.00
Services
Outsourcing 4.04 4,007.00 4.13 4,390.00 4.11 4,209.00 4.19 4,097.00
Consulting and 14.34 14,216.00 14.03 14,895.00 14.04 14,358.00 14.61 14,298.00
Systems Integration
Systems 13.30 12,294.00
Systems Hardware 18.13 17,973.00 17.88 18,985.00 15.67 16,034.00 13.27 12,988.00 10.81 9,991.00
Operating Systems 2.49 2,303.00
Software
Global Financing 2.26 2,238.00 1.98 2,102.00 1.97 2,013.00 2.07 2,022.00 2.20 2,034.00
Other 750.00 722.00 577.00 479.00 375.00
Software 22.68 22,485.00 23.49 24,943.00 24.88 25,448.00 26.49 25,932.00
Operating Systems 2.30 2,282.00 2.34 2,480.00 2.47 2,525.00 2.50 2,447.00
Middleware 18.61 18,445.00 19.45 20,650.00 20.51 20,983.00 22.02 21,557.00
Key Branded 14.00 13,879.00 15.12 16,055.00 16.16 16,528.00 17.70 17,322.00
Middleware
Other Middleware 4.61 4,565.00 4.33 4,596.00 4.35 4,455.00 4.33 4,235.00
Other 1.77 1,758.00 1.71 1,813.00 1.90 1,940.00 1.97 1,929.00
Technology Services 42.08 38,889.00
& Cloud Platforms
Integration Software 5.50 5,080.00
Infrastructure 27.63 25,533.00
Services
Cognitive Solutions 21.30 19,689.00
Solutions Software 13.90 12,847.00
Transaction 7.40 6,842.00
Processing Software
Global Services 56.92 56,424.00 56.65 60,163.00 57.48 58,802.00 58.17 56,946.00
Global Technology 38.54 38,201.00 38.50 40,879.00 39.33 40,236.00 39.38 38,551.00
Services
Maintenance 7.31 7,250.00 7.08 7,515.00 7.18 7,343.00 7.26 7,111.00
Integrated 8.79 8,714.00 8.90 9,453.00 9.34 9,550.00 9.58 9,380.00
Technology Services
This report may not be modified or altered in any way. The BLOOMBERG PROFESSIONAL service and BLOOMBERG Data are owned and distributed locally by Bloomberg Finance LP (“BFLP”) and its subsidiaries in all jurisdictions other than Argentina, Bermuda, China, India, Japan and Korea (the (“BFLP
Countries”). BFLP is a wholly-owned subsidiary of Bloomberg LP (“BLP”). BLP provides BFLP with all the global marketing and operational support and service for the Services and distributes the Services either directly or through a non-BFLP subsidiary in the BLP Countries. BFLP, BLP and their affiliates
do not provide investment advice, and nothing herein shall constitute an offer of financial instruments by BFLP, BLP or their affiliates.
Bloomberg ® 08/28/2020 14:00:14 1
Análisis de informe financiero
Ticker: IBM US Equity Periodo: Anuales Divisa: USD Nota: Años mostrados en el informe son fiscales. Empresa: International Business Machines Corp
Registro: Más reciente
% Original:2010 A % Original:2011 A % Original:2012 A % Restated:2013 A % Restated:2014 A
Plazo termina 2010-12-31 2010-12-31 2011-12-31 2011-12-31 2012-12-31 2012-12-31 2013-12-31 2013-12-31 2014-12-31 2014-12-31
Outsourcing 22.44 22,241.00 22.52 23,911.00 22.82 23,344.00 22.54 22,060.00
Ingreso intersegmento 100.00 7,707.00 100.00 8,245.00 100.00 7,895.00 100.00 7,843.00 100.00 8,108.00
Cloud and Cognitive
Software
Global Financing 23.90 1,842.00 25.37 2,092.00 26.09 2,060.00 29.10 2,282.00 30.69 2,488.00
Global Technology
Services(GTS)
Systems
Global Business 10.35 798.00 9.67 797.00 9.11 719.00 9.10 714.00 6.70 543.00
Services
Systems Hardware 10.43 804.00 10.16 838.00 8.56 676.00 7.56 593.00 7.98 647.00
Software 38.28 2,950.00 39.73 3,276.00 41.47 3,274.00 40.69 3,191.00 43.12 3,496.00
Technology Services
& Cloud Platforms
Cognitive Solutions
Global Services 27.39 2,111.00 24.73 2,039.00 23.88 1,885.00 22.66 1,777.00 18.22 1,477.00
Global Technology 17.04 1,313.00 15.06 1,242.00 14.77 1,166.00 13.55 1,063.00 11.52 934.00
Services
Ingreso de ventas incl 100.00 106,828.00 100.00 114,439.00 100.00 110,193.00 100.00 105,732.00 100.00 100,527.00
de intersegmento
Global Technology
Services(GTS)
Cloud and Cognitive
Software
Global Business 17.81 19,021.00 17.55 20,081.00 17.50 19,286.00 18.07 19,109.00 19.95 20,055.00
Services
Systems
Global Financing 3.82 4,080.00 3.67 4,195.00 3.70 4,073.00 4.07 4,304.00 4.50 4,522.00
Systems Hardware 17.58 18,777.00 17.32 19,823.00 15.16 16,710.00 12.84 13,581.00 10.59 10,643.00
Software 23.81 25,436.00 24.66 28,219.00 26.07 28,722.00 27.54 29,123.00 28.78 28,931.00
Technology Services
& Cloud Platforms
Cognitive Solutions
Global Services 54.79 58,535.00 54.35 62,202.00 55.07 60,688.00 55.54 58,724.00 56.14 56,431.00
Global Technology 36.99 39,514.00 36.81 42,121.00 37.57 41,402.00 37.47 39,615.00 36.19 36,376.00
Services
Porcentaje de ingreso
Systems Hardware 18.10 17.80 17.00
Software 22.70 23.50 24.50
Global Financing 2.30 2.00 1.90
Global Services 56.90 56.70 56.60
Global Business 18.40 18.20 17.90
Services
Global Technology 38.50 38.50 38.70
Services
% Ventas netas
aumentadas a divisa
constante
Cloud and Cognitive
Software
Cloud & Data
Platforms
Cognitive
Applications
This report may not be modified or altered in any way. The BLOOMBERG PROFESSIONAL service and BLOOMBERG Data are owned and distributed locally by Bloomberg Finance LP (“BFLP”) and its subsidiaries in all jurisdictions other than Argentina, Bermuda, China, India, Japan and Korea (the (“BFLP
Countries”). BFLP is a wholly-owned subsidiary of Bloomberg LP (“BLP”). BLP provides BFLP with all the global marketing and operational support and service for the Services and distributes the Services either directly or through a non-BFLP subsidiary in the BLP Countries. BFLP, BLP and their affiliates
do not provide investment advice, and nothing herein shall constitute an offer of financial instruments by BFLP, BLP or their affiliates.
Bloomberg ® 08/28/2020 14:00:14 2
Análisis de informe financiero
Ticker: IBM US Equity Periodo: Anuales Divisa: USD Nota: Años mostrados en el informe son fiscales. Empresa: International Business Machines Corp
Registro: Más reciente
% Original:2010 A % Original:2011 A % Original:2012 A % Restated:2013 A % Restated:2014 A
Plazo termina 2010-12-31 2010-12-31 2011-12-31 2011-12-31 2012-12-31 2012-12-31 2013-12-31 2013-12-31 2014-12-31 2014-12-31
Transaction
Processing Platforms
Global Business 1.60 1.50 -1.60 2.60 -1.10
Services
Consulting
Application
Management
Global Process
Services
Outsourcing 4.80 -1.70 1.50 1.50
Consulting and 0.50 -1.60 2.90 2.90
Systems Integration
Global Technology
Services(GTS)
Technical Support
Services
Infrastructure &
Cloud Services
Systems
Operating Systems
Software
Systems Hardware 11.10 3.20 -5.90 -17.90 -16.80
IBM Z 17.70 -2.10 6.30 -12.60 -22.60
Storage Systems 8.10 3.10 -4.10 -9.70 -11.00
Power System -8.50 9.50 -7.40 -30.70 -18.20
Total Systems 9.60 3.80
Microelectronics 24.70 0.10
OEM
System (x-series) 26.80 2.40 -2.70 -12.70
Global Financing -4.30 -9.10 -1.20 2.80 3.00
Other -13.80
Software 4.80 8.00 4.30 2.90 -0.90
Operating Systems 4.90 5.60 4.30 -1.90 -12.60
Middleware 7.50 9.00 3.90 3.70 0.60
Key Branded 10.70 12.70 5.20 5.70 -0.20
Middleware
WebSphere 20.60 37.40 9.90 9.10 3.50
Family
Rational 4.80 1.80 0.60 6.00 -1.30
Information 8.30 9.60 3.80 3.70 -3.00
Management
Tivoli 15.10 7.40 6.20 4.80 3.00
Workforce -2.10 0.20 0.30 11.90 -5.10
Solution
Other Middleware -1.20 -1.90 -0.60 -3.90 4.20
Other -17.00 0.40 9.20 0.20 -3.70
Technology Services
& Cloud Platforms
Integration Software
Infrastructure
Services
Cognitive Solutions
Solutions Software
Transaction
Processing Software
This report may not be modified or altered in any way. The BLOOMBERG PROFESSIONAL service and BLOOMBERG Data are owned and distributed locally by Bloomberg Finance LP (“BFLP”) and its subsidiaries in all jurisdictions other than Argentina, Bermuda, China, India, Japan and Korea (the (“BFLP
Countries”). BFLP is a wholly-owned subsidiary of Bloomberg LP (“BLP”). BLP provides BFLP with all the global marketing and operational support and service for the Services and distributes the Services either directly or through a non-BFLP subsidiary in the BLP Countries. BFLP, BLP and their affiliates
do not provide investment advice, and nothing herein shall constitute an offer of financial instruments by BFLP, BLP or their affiliates.
Bloomberg ® 08/28/2020 14:00:14 3
Análisis de informe financiero
Ticker: IBM US Equity Periodo: Anuales Divisa: USD Nota: Años mostrados en el informe son fiscales. Empresa: International Business Machines Corp
Registro: Más reciente
% Original:2010 A % Original:2011 A % Original:2012 A % Restated:2013 A % Restated:2014 A
Plazo termina 2010-12-31 2010-12-31 2011-12-31 2011-12-31 2012-12-31 2012-12-31 2013-12-31 2013-12-31 2014-12-31 2014-12-31
Global Services 1.00 2.00 -0.30 2.60 -0.20
Global Technology 0.70 2.70 1.30 -1.40 1.60
Services
Maintenance 2.60 -0.20 0.60 -0.70 -0.70
Integrated -1.80 4.10 3.70 1.00 1.00
Technology Services
Outsourcing 1.10 3.00 0.50 -2.70 -2.70
Ingreso estratégico
Cloud
Analytics
Mobile
Security
Social
as-a-Service (aaS)
Crecimiento de ingreso
estratégico a divisa
constante %
Cloud
Global Business
Services
Systems
Security
Analytics
Mobile
Social
Beneficio bruto 100.00 46,251.00 100.00 50,138.00 100.00 50,299.00 100.00 48,684.00 100.00 46,407.00
Cloud and Cognitive
Software
Global Technology
Services(GTS)
Global Business 11.13 5,148.00 10.97 5,545.00 10.61 5,564.00 11.00 5,676.00 12.82 5,923.00
Services
Systems 12.96 5,988.00
Systems Hardware 14.96 6,920.00 14.95 7,555.00 13.16 6,903.00 10.27 5,299.00 8.54 3,947.00
Operating Systems 4.42 2,041.00
Software
Other -6.00 -392.00 -2,150.00 -2,902.00 198.00
Software 42.75 19,774.00 43.67 22,065.00 43.03 22,569.00 44.65 23,032.00
Technology Services 37.25 17,213.00
& Cloud Platforms
Global Financing 2.48 1,148.00 2.07 1,045.00 5.10 2,673.00 5.60 2,888.00
Cognitive Solutions 36.97 17,085.00
Global Services 39.81 18,415.00 39.31 19,865.00 38.71 20,304.00 39.48 20,367.00
Global Technology 28.68 13,267.00 28.34 14,320.00 28.10 14,740.00 28.48 14,691.00
Services
Margen bruto
Cloud and Cognitive
Software
Systems 48.70
Operating Systems
Software
Systems Hardware 38.10 39.80 39.10 40.80 39.50
Global Financing 51.30 49.80 65.60 67.10 49.40
Global Technology
Services(GTS)
This report may not be modified or altered in any way. The BLOOMBERG PROFESSIONAL service and BLOOMBERG Data are owned and distributed locally by Bloomberg Finance LP (“BFLP”) and its subsidiaries in all jurisdictions other than Argentina, Bermuda, China, India, Japan and Korea (the (“BFLP
Countries”). BFLP is a wholly-owned subsidiary of Bloomberg LP (“BLP”). BLP provides BFLP with all the global marketing and operational support and service for the Services and distributes the Services either directly or through a non-BFLP subsidiary in the BLP Countries. BFLP, BLP and their affiliates
do not provide investment advice, and nothing herein shall constitute an offer of financial instruments by BFLP, BLP or their affiliates.
Bloomberg ® 08/28/2020 14:00:14 4
Análisis de informe financiero
Ticker: IBM US Equity Periodo: Anuales Divisa: USD Nota: Años mostrados en el informe son fiscales. Empresa: International Business Machines Corp
Registro: Más reciente
% Original:2010 A % Original:2011 A % Original:2012 A % Restated:2013 A % Restated:2014 A
Plazo termina 2010-12-31 2010-12-31 2011-12-31 2011-12-31 2012-12-31 2012-12-31 2013-12-31 2013-12-31 2014-12-31 2014-12-31
Global Business 28.00 28.80 30.00 30.90 30.40
Services
Other -8.60 -54.50 -71.60 -195.60 -401.70
Global Technology 34.50 35.00 36.60 38.10
Services
Software 87.90 88.50 88.70 88.80
Technology Services 44.30
& Cloud Platforms
Cognitive Solutions 86.80
Crecimiento bruto de
beneficios
Global Business 3.40 8.60 0.30 2.00 -3.20
Services
Cloud and Cognitive
Software
Systems
Systems Hardware 12.90 10.20 -8.60 -25.80 -25.60
Operating Systems
Software
Global Technology
Services(GTS)
Global Technology 1.40 8.50 2.90 0.30 -3.10
Services
Software 6.20 11.60 2.30 2.00 -2.20
Technology Services
& Cloud Platforms
Global Financing
Cognitive Solutions
Gasto de interés 100.00 368.00 100.00 411.00 100.00 459.00 100.00 405.00 100.00 484.00
Other 49.00
Global Financing 100.00 548.00 100.00 538.00 100.00 410.00 100.00 405.00 100.00 518.00
Global Technology
Services(GTS)
Global Business 0.00 0.00 0.00 0.00 0.00
Services
Cloud and Cognitive
Software
Systems 0.00
Systems Hardware 0.00 0.00 0.00 0.00
Software 0.00 0.00 0.00 0.00
Technology Services 0.00
& Cloud Platforms
Reconciliation -180.00 -127.00 -34.00
Cognitive Solutions 0.00
Global Services 0.00 0.00 0.00 0.00
Global Technology 0.00 0.00 0.00 0.00
Services
Ingreso de interés 100.00 92.00 100.00 136.00 100.00 109.00 100.00 74.00 100.00 90.00
Global Financing 100.00 2,116.00 100.00 2,176.00 100.00 1,972.00 100.00 1,904.00 100.00 1,951.00
Global Technology
Services(GTS)
Global Business 0.00 0.00 0.00 0.00 0.00
Services
Cloud and Cognitive
Software
This report may not be modified or altered in any way. The BLOOMBERG PROFESSIONAL service and BLOOMBERG Data are owned and distributed locally by Bloomberg Finance LP (“BFLP”) and its subsidiaries in all jurisdictions other than Argentina, Bermuda, China, India, Japan and Korea (the (“BFLP
Countries”). BFLP is a wholly-owned subsidiary of Bloomberg LP (“BLP”). BLP provides BFLP with all the global marketing and operational support and service for the Services and distributes the Services either directly or through a non-BFLP subsidiary in the BLP Countries. BFLP, BLP and their affiliates
do not provide investment advice, and nothing herein shall constitute an offer of financial instruments by BFLP, BLP or their affiliates.
Bloomberg ® 08/28/2020 14:00:14 5
Análisis de informe financiero
Ticker: IBM US Equity Periodo: Anuales Divisa: USD Nota: Años mostrados en el informe son fiscales. Empresa: International Business Machines Corp
Registro: Más reciente
% Original:2010 A % Original:2011 A % Original:2012 A % Restated:2013 A % Restated:2014 A
Plazo termina 2010-12-31 2010-12-31 2011-12-31 2011-12-31 2012-12-31 2012-12-31 2013-12-31 2013-12-31 2014-12-31 2014-12-31
Systems 0.00
Reconciliation -2,024.00 -2,040.00 -1,863.00 -1,830.00 -1,861.00
Systems Hardware 0.00 0.00 0.00 0.00
Software 0.00 0.00 0.00 0.00
Technology Services 0.00
& Cloud Platforms
Cognitive Solutions 0.00
Global Services 0.00 0.00 0.00 0.00
Global Technology 0.00 0.00 0.00 0.00
Services
Ingreso antes de 100.00 19,723.00 100.00 21,003.00 100.00 22,540.00 100.00 20,244.00 100.00 19,986.00
impuestos
Cloud and Cognitive
Software
Global Business 12.12 2,546.00 13.12 3,006.00 12.42 2,983.00 13.57 3,214.00 15.06 3,347.00
Services
Global Technology
Services(GTS)
Global Financing 9.31 1,956.00 8.78 2,011.00 8.47 2,034.00 9.17 2,171.00 9.85 2,189.00
Systems 6.23 1,384.00
Other -1,292.00 -1,901.00 -1,475.00 -3,443.00 -2,233.00
Systems Hardware 6.93 1,456.00 7.13 1,633.00 5.11 1,227.00 0.90 213.00
Software 45.04 9,466.00 43.53 9,970.00 45.01 10,810.00 46.89 11,106.00
Technology Services 31.88 7,084.00
& Cloud Platforms
Cognitive Solutions 36.97 8,215.00
Global Services 38.72 8,137.00 40.56 9,290.00 41.41 9,944.00 43.05 10,197.00
Global Technology 26.17 5,499.00 27.44 6,284.00 28.99 6,961.00 29.48 6,983.00
Services
Margen antes de
impuestos
Global Financing 48.00 47.90 49.90 50.40 48.40
Cloud and Cognitive
Software
Global Business 13.50 15.00 15.50 16.80 16.70
Services
Systems 10.40
Global Technology
Services(GTS)
Systems Hardware 8.40 8.20 6.70 1.60
Global Technology 14.10 14.90 16.80 17.60
Services
Software 35.80 35.30 37.60 38.10
Technology Services 17.80
& Cloud Platforms
Cognitive Solutions 37.50
% crec de renta
Cloud and Cognitive
Software
Cloud & Data
Platforms
Cognitive
Applications
Transaction
Processing Platforms
This report may not be modified or altered in any way. The BLOOMBERG PROFESSIONAL service and BLOOMBERG Data are owned and distributed locally by Bloomberg Finance LP (“BFLP”) and its subsidiaries in all jurisdictions other than Argentina, Bermuda, China, India, Japan and Korea (the (“BFLP
Countries”). BFLP is a wholly-owned subsidiary of Bloomberg LP (“BLP”). BLP provides BFLP with all the global marketing and operational support and service for the Services and distributes the Services either directly or through a non-BFLP subsidiary in the BLP Countries. BFLP, BLP and their affiliates
do not provide investment advice, and nothing herein shall constitute an offer of financial instruments by BFLP, BLP or their affiliates.
Bloomberg ® 08/28/2020 14:00:14 6
Análisis de informe financiero
Ticker: IBM US Equity Periodo: Anuales Divisa: USD Nota: Años mostrados en el informe son fiscales. Empresa: International Business Machines Corp
Registro: Más reciente
% Original:2010 A % Original:2011 A % Original:2012 A % Restated:2013 A % Restated:2014 A
Plazo termina 2010-12-31 2010-12-31 2011-12-31 2011-12-31 2012-12-31 2012-12-31 2013-12-31 2013-12-31 2014-12-31 2014-12-31
Global Business 3.20 5.80 -3.70 -0.90 -3.10
Services
Consulting
Application
Management
Global Process
Services
Outsourcing 9.50 -4.10 -2.60 -8.50
Consulting and 4.80 -3.60 -0.40 -1.60
Systems Integration
Systems
Operating Systems
Software
Systems Hardware 11.00 5.60 -6.90 -18.70 -23.00
IBM Z 16.40 0.30 5.40 -13.40 -23.30
Storage Systems 7.60 5.80 -5.80 -10.80 -12.00
Power System -8.40 12.00 -8.50 31.40 -18.90
Total Systems 9.50 6.50
Microelectronics 24.80 0.20
OEM
System (x-series) 27.50 5.70 -3.70 -13.50
Global Technology
Services(GTS)
Technical Support
Services
Infrastructure &
Cloud Services
Global Financing -4.30 -6.10 -4.20 0.40 -5.70
Other -13.70 -3.80 -20.10 -17.10 -21.70
Software 5.10 10.90 2.00 1.90 -1.90
Operating Systems 5.50 8.60 1.80 -3.10 -13.40
Middleware 7.70 12.00 1.60 2.70 -0.40
Key Branded 10.80 15.60 2.90 4.80 -1.30
Middleware
WebSphere 20.80 40.50 7.80 8.20 2.70
Family
Rational 4.80 4.90 -1.60 4.90 -3.30
Information 8.60 12.50 1.50 2.80 -4.10
Management
Tivoli 15.00 10.20 4.10 3.90 2.00
Workforce -2.30 3.80 -2.10 10.80 -6.10
Solution
Other Middleware -0.70 0.80 -3.10 -4.90 3.30
Other -16.60 3.20 7.00 -0.60 -4.50
Technology Services
& Cloud Platforms
Integration Software
Infrastructure
Services
Cognitive Solutions
Solutions Software
Transaction
Processing Software
Global Services 2.60 7.00 -2.30 3.00 -3.50
This report may not be modified or altered in any way. The BLOOMBERG PROFESSIONAL service and BLOOMBERG Data are owned and distributed locally by Bloomberg Finance LP (“BFLP”) and its subsidiaries in all jurisdictions other than Argentina, Bermuda, China, India, Japan and Korea (the (“BFLP
Countries”). BFLP is a wholly-owned subsidiary of Bloomberg LP (“BLP”). BLP provides BFLP with all the global marketing and operational support and service for the Services and distributes the Services either directly or through a non-BFLP subsidiary in the BLP Countries. BFLP, BLP and their affiliates
do not provide investment advice, and nothing herein shall constitute an offer of financial instruments by BFLP, BLP or their affiliates.
Bloomberg ® 08/28/2020 14:00:14 7
Análisis de informe financiero
Ticker: IBM US Equity Periodo: Anuales Divisa: USD Nota: Años mostrados en el informe son fiscales. Empresa: International Business Machines Corp
Registro: Más reciente
% Original:2010 A % Original:2011 A % Original:2012 A % Restated:2013 A % Restated:2014 A
Plazo termina 2010-12-31 2010-12-31 2011-12-31 2011-12-31 2012-12-31 2012-12-31 2013-12-31 2013-12-31 2014-12-31 2014-12-31
Global Technology 2.30 7.00 -1.60 -4.20 -3.70
Services
Maintenance 4.20 3.60 -2.30 -3.10 -3.60
Integrated -0.60 8.50 1.00 -1.80 1.30
Technology Services
Outsourcing 2.90 7.50 -2.40 -5.50 -5.80
Crecimiento de
ingreso - desglose
suplementario
Cloud 47.00 80.00 69.00 60.00
Security
Analytics 19.00 16.00 13.00 9.00 7.00
Mobile
Social
Smarter Planet 3.00
as-a-Service (aaS)
Fondo de comercio 100.00 25,135.00 100.00 26,213.00 100.00 29,246.00 100.00 31,184.00 100.00 30,556.00
Cloud and Cognitive
Software
Global Technology
Services(GTS)
Global Business 17.22 4,329.00 16.45 4,313.00 14.90 4,357.00 13.90 4,334.00 14.91 4,555.00
Services
Systems
Other
Systems Hardware 4.53 1,139.00 4.32 1,133.00 5.36 1,568.00 5.13 1,600.00 4.82 1,472.00
Software 67.49 16,963.00 69.13 18,121.00 69.77 20,405.00 67.73 21,121.00 68.73 21,000.00
Technology Services
& Cloud Platforms
Cognitive Solutions
Global Services 27.98 7,033.00 26.55 6,959.00 24.87 7,273.00 27.14 8,463.00 26.46 8,084.00
Global Technology 10.76 2,704.00 10.09 2,646.00 9.97 2,916.00 13.24 4,129.00 11.55 3,529.00
Services
Activos 100.00 113,452.00 100.00 116,433.00 100.00 119,213.00 100.00 126,223.00 100.00 117,270.00
Cloud and Cognitive
Software
Global Financing 40.11 35,813.00 39.79 36,427.00 39.96 38,882.00 40.75 40,138.00 41.35 38,845.00
Other 24,160.00 24,878.00 21,902.00 27,724.00 23,338.00
Global Technology
Services(GTS)
Global Business 8.97 8,007.00 8.82 8,078.00 8.24 8,022.00 8.44 8,311.00 9.40 8,831.00
Services
Systems 4.49 4,219.00
Systems Hardware 8.16 7,287.00 8.35 7,649.00 8.46 8,232.00 4.98 4,901.00
Software 25.34 22,625.00 26.13 23,926.00 27.02 26,291.00 27.51 27,101.00
Technology Services 23.97 22,512.00
& Cloud Platforms
Cognitive Solutions 20.79 19,525.00
Global Services 26.39 23,567.00 25.73 23,553.00 24.57 23,906.00 26.76 26,359.00
Global Technology 17.43 15,560.00 16.90 15,475.00 16.32 15,884.00 18.32 18,048.00
Services
Deuda 100.00 28,624.00 100.00 31,319.00 100.00 33,268.00 100.00 39,718.00 100.00 39,889.00
Non-Global Financing 20.27 5,801.00 25.50 7,987.00 26.35 8,767.00 30.75 12,214.00 31.80 12,684.00
Global Financing 79.73 22,823.00 74.50 23,332.00 73.65 24,501.00 69.25 27,504.00 68.20 27,205.00
This report may not be modified or altered in any way. The BLOOMBERG PROFESSIONAL service and BLOOMBERG Data are owned and distributed locally by Bloomberg Finance LP (“BFLP”) and its subsidiaries in all jurisdictions other than Argentina, Bermuda, China, India, Japan and Korea (the (“BFLP
Countries”). BFLP is a wholly-owned subsidiary of Bloomberg LP (“BLP”). BLP provides BFLP with all the global marketing and operational support and service for the Services and distributes the Services either directly or through a non-BFLP subsidiary in the BLP Countries. BFLP, BLP and their affiliates
do not provide investment advice, and nothing herein shall constitute an offer of financial instruments by BFLP, BLP or their affiliates.
Bloomberg ® 08/28/2020 14:00:14 8
Análisis de informe financiero
Ticker: IBM US Equity Periodo: Anuales Divisa: USD Nota: Años mostrados en el informe son fiscales. Empresa: International Business Machines Corp
Registro: Más reciente
% Original:2010 A % Original:2011 A % Original:2012 A % Restated:2013 A % Restated:2014 A
Plazo termina 2010-12-31 2010-12-31 2011-12-31 2011-12-31 2012-12-31 2012-12-31 2013-12-31 2013-12-31 2014-12-31 2014-12-31
Depreciación y 100.00 4,830.00 100.00 4,815.00 100.00 4,676.00 100.00 4,679.00 100.00 4,492.00
amortización
Global Technology
Services(GTS)
Other 75.00 208.00 296.00 184.00
Cloud and Cognitive
Software
Systems 17.01 733.00
Global Financing 28.92 1,417.00 24.16 1,145.00 19.09 853.00 13.12 575.00 10.56 455.00
Global Business 1.53 75.00 1.75 83.00 1.68 75.00 1.64 72.00 2.27 98.00
Services
Systems Hardware 16.00 784.00 15.55 737.00 17.59 786.00 19.51 855.00
Software 20.24 992.00 22.41 1,062.00 25.90 1,157.00 27.63 1,211.00
Technology Services 46.01 1,982.00
& Cloud Platforms
Reconciliation -70.00
Cognitive Solutions 24.14 1,040.00
Global Services 34.84 1,707.00 37.89 1,796.00 37.42 1,672.00 39.74 1,742.00
Global Technology 33.31 1,632.00 36.14 1,713.00 35.74 1,597.00 38.10 1,670.00
Services
Gastos de capital -4,435.00 -4,325.00 -3,645.00 -3,410.00 -3,922.00
Global Business 1.17 -52.00 1.29 -56.00 1.15 -42.00 2.02 -69.00 2.01 -79.00
Services
Global Financing 28.09 -1,246.00 21.50 -930.00 19.42 -708.00 13.72 -468.00 12.29 -482.00
Systems 15.99 -627.00
Cloud and Cognitive
Software
Global Technology
Services(GTS)
Systems Hardware 26.22 -1,163.00 23.86 -1,032.00 14.18 -517.00 11.58 -395.00
Software 10.44 -463.00 10.84 -469.00 16.95 -618.00 15.84 -540.00
Technology Services 59.18 -2,321.00
& Cloud Platforms
Cognitive Solutions 10.53 -413.00
Global Services 35.24 -1,563.00 43.79 -1,894.00 49.44 -1,802.00 58.86 -2,007.00
Global Technology 34.07 -1,511.00 42.50 -1,838.00 48.29 -1,760.00 56.83 -1,938.00
Services
This report may not be modified or altered in any way. The BLOOMBERG PROFESSIONAL service and BLOOMBERG Data are owned and distributed locally by Bloomberg Finance LP (“BFLP”) and its subsidiaries in all jurisdictions other than Argentina, Bermuda, China, India, Japan and Korea (the (“BFLP
Countries”). BFLP is a wholly-owned subsidiary of Bloomberg LP (“BLP”). BLP provides BFLP with all the global marketing and operational support and service for the Services and distributes the Services either directly or through a non-BFLP subsidiary in the BLP Countries. BFLP, BLP and their affiliates
do not provide investment advice, and nothing herein shall constitute an offer of financial instruments by BFLP, BLP or their affiliates.
Bloomberg ® 08/28/2020 14:00:14 9
Análisis de informe financiero
Ticker: IBM US Equity Periodo: Anuales Divisa: USD Nota: Años mostrados en el informe son fiscales. Empresa: International Business Machines Corp
Registro: Más reciente
% Restated:2015 A % Restated:2016 A % Restated:2017 A % Original:2018 A % Original:2019 A
Plazo termina 2015-12-31 2015-12-31 2016-12-31 2016-12-31 2017-12-31 2017-12-31 2018-12-31 2018-12-31 2019-12-31 2019-12-31
Ingreso 100.00 81,743.00 100.00 79,919.00 100.00 79,414.00 100.00 79,592.00 100.00 77,147.00
Global Technology 37.84 29,213.00 37.57 29,146.00 35.91 27,361.00
Services(GTS)
Infrastructure & 28.52 22,016.00 28.60 22,185.00 27.21 20,736.00
Cloud Services
Technical Support 9.11 7,426.00 9.13 7,272.00 9.32 7,196.00 8.97 6,961.00 8.69 6,625.00
Services
Cloud and Cognitive 28.17 21,751.00 28.63 22,209.00 30.45 23,200.00
Software
Cloud & Data 10.86 8,381.00 11.09 8,603.00 12.47 9,499.00
Platforms
Transaction 10.15 7,838.00 10.28 7,974.00 10.41 7,936.00
Processing Platforms
Cognitive 7.17 5,533.00 7.26 5,633.00 7.57 5,765.00
Applications
Global Business 21.05 17,166.00 20.97 16,700.00 21.18 16,348.00 21.39 16,595.00 21.83 16,634.00
Services
Consulting 9.42 7,678.00 9.21 7,332.00 9.41 7,262.00 9.93 7,705.00 10.49 7,993.00
Application 9.88 8,053.00 10.02 7,980.00 10.13 7,821.00 10.12 7,852.00 10.03 7,646.00
Management
Global Process 1.76 1,435.00 1.74 1,388.00 1.28 990.00 1.34 1,037.00 1.31 995.00
Services
Outsourcing
Consulting and
Systems Integration
Systems 11.71 9,548.00 9.69 7,714.00 10.61 8,194.00 10.36 8,034.00 9.98 7,604.00
Systems Hardware 9.29 7,574.00 7.44 5,926.00 8.41 6,494.00 8.20 6,363.00 7.77 5,918.00
Operating Systems 2.42 1,973.00 2.25 1,788.00 2.20 1,701.00 2.15 1,671.00 2.21 1,686.00
Software
Global Financing 2.26 1,840.00 2.12 1,692.00 2.20 1,696.00 2.05 1,590.00 1.84 1,400.00
Other 206.00 289.00 2,212.00 2,018.00 948.00
Software
Operating Systems
Middleware
Key Branded
Middleware
Other Middleware
Other
Technology Services 43.10 35,142.00 44.38 35,337.00
& Cloud Platforms
Integration Software 5.69 4,641.00 5.68 4,521.00
Infrastructure 28.30 23,075.00 29.57 23,543.00
Services
Cognitive Solutions 21.88 17,841.00 22.84 18,187.00
Solutions Software 14.74 12,021.00 15.81 12,589.00
Transaction 7.14 5,819.00 7.03 5,598.00
Processing Software
Global Services
Global Technology
Services
Maintenance
Integrated
Technology Services
Outsourcing
This report may not be modified or altered in any way. The BLOOMBERG PROFESSIONAL service and BLOOMBERG Data are owned and distributed locally by Bloomberg Finance LP (“BFLP”) and its subsidiaries in all jurisdictions other than Argentina, Bermuda, China, India, Japan and Korea (the (“BFLP
Countries”). BFLP is a wholly-owned subsidiary of Bloomberg LP (“BLP”). BLP provides BFLP with all the global marketing and operational support and service for the Services and distributes the Services either directly or through a non-BFLP subsidiary in the BLP Countries. BFLP, BLP and their affiliates
do not provide investment advice, and nothing herein shall constitute an offer of financial instruments by BFLP, BLP or their affiliates.
Bloomberg ® 08/28/2020 14:00:14 10
Análisis de informe financiero
Ticker: IBM US Equity Periodo: Anuales Divisa: USD Nota: Años mostrados en el informe son fiscales. Empresa: International Business Machines Corp
Registro: Más reciente
% Restated:2015 A % Restated:2016 A % Restated:2017 A % Original:2018 A % Original:2019 A
Plazo termina 2015-12-31 2015-12-31 2016-12-31 2016-12-31 2017-12-31 2017-12-31 2018-12-31 2018-12-31 2019-12-31 2019-12-31
Ingreso intersegmento 100.00 6,827.00 100.00 6,306.00 100.00 5,888.00 100.00 6,813.00 100.00 6,220.00
Cloud and Cognitive 46.82 3,190.00 45.45 2,827.00
Software
Global Financing 38.63 2,637.00 28.58 1,802.00 24.98 1,471.00 23.63 1,610.00 19.81 1,232.00
Global Technology 12.80 872.00 18.60 1,157.00
Services(GTS)
Systems 11.40 778.00 11.89 750.00 12.74 750.00 11.96 815.00 11.67 726.00
Global Business 7.31 499.00 6.49 409.00 6.17 363.00 4.78 326.00 4.47 278.00
Services
Systems Hardware
Software
Technology Services 10.22 698.00 11.34 715.00 11.16 657.00
& Cloud Platforms
Cognitive Solutions 32.44 2,215.00 41.71 2,630.00 44.96 2,647.00
Global Services
Global Technology
Services
Ingreso de ventas incl 100.00 88,361.00 100.00 67,749.00 100.00 84,858.00 100.00 84,386.00 100.00 82,418.00
de intersegmento
Global Technology 35.57 30,018.00 34.60 28,518.00
Services(GTS)
Cloud and Cognitive 30.10 25,399.00 31.58 26,027.00
Software
Global Business 19.99 17,664.00 25.25 17,109.00 19.69 16,711.00 20.05 16,921.00 20.52 16,911.00
Services
Systems 11.69 10,325.00 12.49 8,464.00 10.54 8,945.00 10.49 8,848.00 10.11 8,330.00
Global Financing 5.07 4,477.00 5.16 3,494.00 3.73 3,168.00 3.79 3,200.00 3.19 2,632.00
Systems Hardware
Software
Technology Services 40.56 35,840.00 53.21 36,052.00 41.17 34,934.00
& Cloud Platforms
Cognitive Solutions 22.70 20,055.00 3.88 2,630.00 24.87 21,100.00
Global Services
Global Technology
Services
Porcentaje de ingreso
Systems Hardware
Software
Global Financing
Global Services
Global Business
Services
Global Technology
Services
% Ventas netas
aumentadas a divisa
constante
Cloud and Cognitive -0.40 6.20
Software
Cloud & Data 12.30
Platforms
Cognitive 0.30 3.90
Applications
Transaction 1.40
Processing Platforms
This report may not be modified or altered in any way. The BLOOMBERG PROFESSIONAL service and BLOOMBERG Data are owned and distributed locally by Bloomberg Finance LP (“BFLP”) and its subsidiaries in all jurisdictions other than Argentina, Bermuda, China, India, Japan and Korea (the (“BFLP
Countries”). BFLP is a wholly-owned subsidiary of Bloomberg LP (“BLP”). BLP provides BFLP with all the global marketing and operational support and service for the Services and distributes the Services either directly or through a non-BFLP subsidiary in the BLP Countries. BFLP, BLP and their affiliates
do not provide investment advice, and nothing herein shall constitute an offer of financial instruments by BFLP, BLP or their affiliates.
Bloomberg ® 08/28/2020 14:00:14 11
Análisis de informe financiero
Ticker: IBM US Equity Periodo: Anuales Divisa: USD Nota: Años mostrados en el informe son fiscales. Empresa: International Business Machines Corp
Registro: Más reciente
% Restated:2015 A % Restated:2016 A % Restated:2017 A % Original:2018 A % Original:2019 A
Plazo termina 2015-12-31 2015-12-31 2016-12-31 2016-12-31 2017-12-31 2017-12-31 2018-12-31 2018-12-31 2019-12-31 2019-12-31
Global Business -4.10 -2.50 -1.80 2.00 2.40
Services
Consulting -8.50 -4.80 -0.40 5.10 5.60
Application 1.30 -0.50 -1.90 -0.50 -0.30
Management
Global Process -6.80 -2.00 -9.00 -0.50 -1.30
Services
Outsourcing
Consulting and
Systems Integration
Global Technology -0.10 -3.70
Services(GTS)
Technical Support 0.90 -1.00 -1.50 -3.50 -2.20
Services
Infrastructure & 0.70 -4.10
Cloud Services
Systems 3.90 -18.90 5.40 -2.30 -4.10
Operating Systems -7.90 -8.70 -5.30 -2.40 2.60
Software
Systems Hardware 7.50 -21.60 8.60 -2.30 -5.90
IBM Z 34.70 -26.80 22.30 -5.60 -0.30
Storage Systems -7.00 -10.00 7.00 -5.90 -7.60
Power System 4.50 -26.80 -4.30 8.70 -12.10
Total Systems
Microelectronics
OEM
System (x-series)
Global Financing 1.50 -6.90 -0.70 -6.50 -10.00
Other 19.90 -51.70
Software
Operating Systems
Middleware
Key Branded
Middleware
WebSphere
Family
Rational
Information
Management
Tivoli
Workforce
Solution
Other Middleware
Other
Technology Services 0.10 1.40 -3.40
& Cloud Platforms
Integration Software -2.40 -1.50 -3.40
Infrastructure 0.60 2.70 -4.10
Services
Cognitive Solutions -3.00 2.70 1.00
Solutions Software -0.30 5.50 1.30
Transaction -7.90 -3.10 0.30
Processing Software
Global Services
This report may not be modified or altered in any way. The BLOOMBERG PROFESSIONAL service and BLOOMBERG Data are owned and distributed locally by Bloomberg Finance LP (“BFLP”) and its subsidiaries in all jurisdictions other than Argentina, Bermuda, China, India, Japan and Korea (the (“BFLP
Countries”). BFLP is a wholly-owned subsidiary of Bloomberg LP (“BLP”). BLP provides BFLP with all the global marketing and operational support and service for the Services and distributes the Services either directly or through a non-BFLP subsidiary in the BLP Countries. BFLP, BLP and their affiliates
do not provide investment advice, and nothing herein shall constitute an offer of financial instruments by BFLP, BLP or their affiliates.
Bloomberg ® 08/28/2020 14:00:14 12
Análisis de informe financiero
Ticker: IBM US Equity Periodo: Anuales Divisa: USD Nota: Años mostrados en el informe son fiscales. Empresa: International Business Machines Corp
Registro: Más reciente
% Restated:2015 A % Restated:2016 A % Restated:2017 A % Original:2018 A % Original:2019 A
Plazo termina 2015-12-31 2015-12-31 2016-12-31 2016-12-31 2017-12-31 2017-12-31 2018-12-31 2018-12-31 2019-12-31 2019-12-31
Global Technology
Services
Maintenance
Integrated
Technology Services
Outsourcing
Ingreso estratégico
Cloud 10,000.00 13,700.00 20,600.00 19,200.00 21,200.00
Analytics 18,000.00 19,500.00 20,600.00 21,700.00
Mobile 3,000.00 4,100.00 4,800.00 5,000.00
Security 2,000.00 2,000.00 3,200.00 4,100.00
Social 1,000.00 1,000.00 900.00 800.00
as-a-Service (aaS) 5,300.00 8,600.00
Crecimiento de ingreso
estratégico a divisa
constante %
Cloud 35.00 24.00 12.00 14.00
Global Business 19.00
Services
Systems -10.00
Security 14.00 54.00 28.00
Analytics 9.00 6.00 5.00
Mobile 35.00 19.00 3.00
Social -10.00 -4.00 -15.00
Beneficio bruto 100.00 40,684.00 100.00 38,294.00 100.00 36,943.00 100.00 36,936.00 100.00 36,488.00
Cloud and Cognitive 47.98 16,986.00 48.23 17,224.00 49.49 17,790.00
Software
Global Technology 28.31 10,022.00 28.10 10,035.00 26.47 9,515.00
Services(GTS)
Global Business 11.98 4,837.00 11.69 4,501.00 11.39 4,033.00 12.46 4,448.00 12.81 4,606.00
Services
Systems 13.19 5,326.00 11.17 4,298.00 12.32 4,362.00 11.21 4,002.00 11.22 4,034.00
Systems Hardware 8.76 3,536.00 7.07 2,720.00 8.17 2,893.00 7.25 2,590.00 7.29 2,622.00
Operating Systems 4.43 1,790.00 4.10 1,577.00 4.15 1,469.00 3.95 1,412.00 3.93 1,412.00
Software
Other 318.00 -195.00 1,540.00 1,227.00 543.00
Software
Technology Services 37.19 15,014.00 38.45 14,800.00
& Cloud Platforms
Global Financing
Cognitive Solutions 37.63 15,189.00 38.69 14,890.00
Global Services
Global Technology
Services
Margen bruto
Cloud and Cognitive 78.10 77.60 76.70
Software
Systems 55.80 55.70 53.20 49.80 53.10
Operating Systems 86.40 84.50 83.80
Software
Systems Hardware 46.70 45.90 44.60 40.70 44.30
Global Financing 45.60 38.70 29.30 29.10 35.60
Global Technology 34.30 34.40 34.80
Services(GTS)
This report may not be modified or altered in any way. The BLOOMBERG PROFESSIONAL service and BLOOMBERG Data are owned and distributed locally by Bloomberg Finance LP (“BFLP”) and its subsidiaries in all jurisdictions other than Argentina, Bermuda, China, India, Japan and Korea (the (“BFLP
Countries”). BFLP is a wholly-owned subsidiary of Bloomberg LP (“BLP”). BLP provides BFLP with all the global marketing and operational support and service for the Services and distributes the Services either directly or through a non-BFLP subsidiary in the BLP Countries. BFLP, BLP and their affiliates
do not provide investment advice, and nothing herein shall constitute an offer of financial instruments by BFLP, BLP or their affiliates.
Bloomberg ® 08/28/2020 14:00:14 13
Análisis de informe financiero
Ticker: IBM US Equity Periodo: Anuales Divisa: USD Nota: Años mostrados en el informe son fiscales. Empresa: International Business Machines Corp
Registro: Más reciente
% Restated:2015 A % Restated:2016 A % Restated:2017 A % Original:2018 A % Original:2019 A
Plazo termina 2015-12-31 2015-12-31 2016-12-31 2016-12-31 2017-12-31 2017-12-31 2018-12-31 2018-12-31 2019-12-31 2019-12-31
Global Business 28.20 27.00 24.90 26.80 27.70
Services
Other -253.00 -293.90 -173.90 37.80 4.70
Global Technology
Services
Software
Technology Services 42.70 41.90
& Cloud Platforms
Cognitive Solutions 85.10 81.90
Crecimiento bruto de
beneficios
Global Business -18.30 -6.90 -8.60 10.30 3.50
Services
Cloud and Cognitive 1.40 3.30
Software
Systems -12.80 -1.40 1.50 -8.20 0.80
Systems Hardware -10.40 -23.10 6.40 1.20 1.20
Operating Systems -11.90 -6.90 0.00 0.00
Software
Global Technology 0.10 -5.20
Services(GTS)
Global Technology
Services
Software
Technology Services -13.90 -0.40 -6.50
& Cloud Platforms
Global Financing -12.30
Cognitive Solutions -11.10 -2.00 -2.60
Gasto de interés 100.00 469.00 100.00 630.00 100.00 615.00 100.00 723.00 100.00 1,344.00
Other 259.00 234.00 208.00 832.00
Global Financing 100.00 469.00 100.00 371.00 100.00 381.00 100.00 515.00 100.00 512.00
Global Technology 0.00 0.00 0.00
Services(GTS)
Global Business 0.00 0.00 0.00 0.00 0.00
Services
Cloud and Cognitive 0.00 0.00 0.00
Software
Systems 0.00 0.00 0.00 0.00 0.00
Systems Hardware
Software
Technology Services 0.00 0.00
& Cloud Platforms
Reconciliation
Cognitive Solutions 0.00 0.00
Global Services
Global Technology
Services
Ingreso de interés 100.00 72.00 100.00 108.00 100.00 144.00 100.00 327.00 100.00 1,286.00
Global Financing 100.00 1,720.00 100.00 1,547.00 100.00 1,527.00 100.00 1,647.00 100.00 1,490.00
Global Technology 0.00 0.00 0.00
Services(GTS)
Global Business 0.00 0.00 0.00 0.00 0.00
Services
Cloud and Cognitive 0.00 0.00 0.00
Software
This report may not be modified or altered in any way. The BLOOMBERG PROFESSIONAL service and BLOOMBERG Data are owned and distributed locally by Bloomberg Finance LP (“BFLP”) and its subsidiaries in all jurisdictions other than Argentina, Bermuda, China, India, Japan and Korea (the (“BFLP
Countries”). BFLP is a wholly-owned subsidiary of Bloomberg LP (“BLP”). BLP provides BFLP with all the global marketing and operational support and service for the Services and distributes the Services either directly or through a non-BFLP subsidiary in the BLP Countries. BFLP, BLP and their affiliates
do not provide investment advice, and nothing herein shall constitute an offer of financial instruments by BFLP, BLP or their affiliates.
Bloomberg ® 08/28/2020 14:00:14 14
Análisis de informe financiero
Ticker: IBM US Equity Periodo: Anuales Divisa: USD Nota: Años mostrados en el informe son fiscales. Empresa: International Business Machines Corp
Registro: Más reciente
% Restated:2015 A % Restated:2016 A % Restated:2017 A % Original:2018 A % Original:2019 A
Plazo termina 2015-12-31 2015-12-31 2016-12-31 2016-12-31 2017-12-31 2017-12-31 2018-12-31 2018-12-31 2019-12-31 2019-12-31
Systems 0.00 0.00 0.00 0.00 0.00
Reconciliation -1,648.00 -1,439.00 -1,383.00 -1,320.00 -204.00
Systems Hardware
Software
Technology Services 0.00 0.00
& Cloud Platforms
Cognitive Solutions 0.00 0.00
Global Services
Global Technology
Services
Ingreso antes de 100.00 15,945.00 100.00 12,330.00 100.00 11,400.00 100.00 11,342.00 100.00 10,166.00
impuestos
Cloud and Cognitive 56.05 8,068.00 61.02 8,882.00 61.08 7,952.00
Software
Global Business 13.27 2,602.00 11.26 1,732.00 9.05 1,303.00 11.19 1,629.00 12.80 1,666.00
Services
Global Technology 18.19 2,618.00 12.23 1,781.00 12.64 1,645.00
Services(GTS)
Global Financing 12.06 2,364.00 10.77 1,656.00 8.88 1,278.00 9.35 1,361.00 8.10 1,055.00
Systems 8.78 1,722.00 6.07 933.00 7.84 1,128.00 6.21 904.00 5.38 701.00
Other -3,657.00 -3,050.00 -2,995.00 -3,215.00 -2,853.00
Systems Hardware
Software
Technology Services 28.92 5,669.00 30.60 4,707.00
& Cloud Platforms
Cognitive Solutions 36.96 7,245.00 41.30 6,352.00
Global Services
Global Technology
Services
Margen antes de
impuestos
Global Financing 52.80 47.40 40.30 42.50 40.10
Cloud and Cognitive 32.40 35.00 30.60
Software
Global Business 14.70 10.10 7.90 9.60 9.90
Services
Systems 16.70 11.00 12.60 10.20 8.40
Global Technology 8.80 5.90 5.80
Services(GTS)
Systems Hardware
Global Technology
Services
Software
Technology Services 15.80 13.10
& Cloud Platforms
Cognitive Solutions 10.10 30.50
% crec de renta
Cloud and Cognitive 4.50
Software
Cloud & Data 10.40
Platforms
Cognitive 2.30
Applications
Transaction -0.50
Processing Platforms
This report may not be modified or altered in any way. The BLOOMBERG PROFESSIONAL service and BLOOMBERG Data are owned and distributed locally by Bloomberg Finance LP (“BFLP”) and its subsidiaries in all jurisdictions other than Argentina, Bermuda, China, India, Japan and Korea (the (“BFLP
Countries”). BFLP is a wholly-owned subsidiary of Bloomberg LP (“BLP”). BLP provides BFLP with all the global marketing and operational support and service for the Services and distributes the Services either directly or through a non-BFLP subsidiary in the BLP Countries. BFLP, BLP and their affiliates
do not provide investment advice, and nothing herein shall constitute an offer of financial instruments by BFLP, BLP or their affiliates.
Bloomberg ® 08/28/2020 14:00:14 15
Análisis de informe financiero
Ticker: IBM US Equity Periodo: Anuales Divisa: USD Nota: Años mostrados en el informe son fiscales. Empresa: International Business Machines Corp
Registro: Más reciente
% Restated:2015 A % Restated:2016 A % Restated:2017 A % Original:2018 A % Original:2019 A
Plazo termina 2015-12-31 2015-12-31 2016-12-31 2016-12-31 2017-12-31 2017-12-31 2018-12-31 2018-12-31 2019-12-31 2019-12-31
Global Business -12.00 -2.70 -2.10 2.90 0.20
Services
Consulting -15.20 -4.50 -1.00 6.10 3.70
Application -8.20 -0.90 -2.00 0.40 -2.60
Management
Global Process -15.00 -3.30 -8.80 -0.50 -4.10
Services
Outsourcing
Consulting and
Systems Integration
Systems -22.30 -19.20 6.20 -2.00 -5.30
Operating Systems -14.30 -9.40 -4.90 -1.70 0.90
Software
Systems Hardware -24.20 -21.80 9.60 -2.00 -7.00
IBM Z 28.10 -27.10 24.00 -5.40 -1.10
Storage Systems -11.90 -10.00 7.70 -5.50 -8.90
Power System -0.40 -27.10 -3.70 8.80 -13.50
Total Systems
Microelectronics
OEM
System (x-series)
Global Technology -6.10
Services(GTS)
Technical Support -10.30 -2.10 -1.00 -3.30 -4.80
Services
Infrastructure & -6.50
Cloud Services
Global Financing -9.50 -8.00 0.30 -6.30 -11.90
Other -45.00 40.40 -40.70 21.00 -53.00
Software
Operating Systems
Middleware
Key Branded
Middleware
WebSphere
Family
Rational
Information
Management
Tivoli
Workforce
Solution
Other Middleware
Other
Technology Services -9.60 0.60 -3.00
& Cloud Platforms
Integration Software -8.60 -2.60 -2.90
Infrastructure -9.60 2.00 -3.60
Services
Cognitive Solutions -9.40 1.90 1.50
Solutions Software -6.40 4.70 1.70
Transaction -14.90 -3.80 0.90
Processing Software
Global Services
This report may not be modified or altered in any way. The BLOOMBERG PROFESSIONAL service and BLOOMBERG Data are owned and distributed locally by Bloomberg Finance LP (“BFLP”) and its subsidiaries in all jurisdictions other than Argentina, Bermuda, China, India, Japan and Korea (the (“BFLP
Countries”). BFLP is a wholly-owned subsidiary of Bloomberg LP (“BLP”). BLP provides BFLP with all the global marketing and operational support and service for the Services and distributes the Services either directly or through a non-BFLP subsidiary in the BLP Countries. BFLP, BLP and their affiliates
do not provide investment advice, and nothing herein shall constitute an offer of financial instruments by BFLP, BLP or their affiliates.
Bloomberg ® 08/28/2020 14:00:14 16
Análisis de informe financiero
Ticker: IBM US Equity Periodo: Anuales Divisa: USD Nota: Años mostrados en el informe son fiscales. Empresa: International Business Machines Corp
Registro: Más reciente
% Restated:2015 A % Restated:2016 A % Restated:2017 A % Original:2018 A % Original:2019 A
Plazo termina 2015-12-31 2015-12-31 2016-12-31 2016-12-31 2017-12-31 2017-12-31 2018-12-31 2018-12-31 2019-12-31 2019-12-31
Global Technology
Services
Maintenance
Integrated
Technology Services
Outsourcing
Crecimiento de
ingreso - desglose
suplementario
Cloud 57.00 35.00 24.00 12.00 11.00
Security 12.00 14.00 55.00 29.00
Analytics 16.00 9.00 6.00 5.00
Mobile 250.00 35.00 19.00 4.00
Social 21.00 -10.00 -3.00 -14.00
Smarter Planet
as-a-Service (aaS) 63.00
Fondo de comercio 100.00 32,021.00 100.00 36,199.00 100.00 36,787.00 100.00 36,266.00 100.00 58,223.00
Cloud and Cognitive 69.99 24,594.00 73.92 43,037.00
Software
Global Technology 11.35 3,988.00 12.26 7,141.00
Services(GTS)
Global Business 13.73 4,396.00 12.73 4,607.00 13.08 4,813.00 13.41 4,711.00 9.92 5,775.00
Services
Systems 5.77 1,848.00 5.11 1,850.00 5.06 1,862.00 5.26 1,847.00 3.90 2,270.00
Other 1,126.00 0.00
Systems Hardware
Software
Technology Services 31.72 10,156.00 28.34 10,258.00 28.40 10,447.00
& Cloud Platforms
Cognitive Solutions 48.78 15,621.00 53.82 19,484.00 53.46 19,665.00
Global Services
Global Technology
Services
Activos 100.00 110,495.00 100.00 117,470.00 100.00 125,356.00 100.00 123,382.00 100.00 152,186.00
Cloud and Cognitive 29.39 29,650.00 28.70 28,713.00 46.73 58,453.00
Software
Global Financing 39.30 36,157.00 37.03 36,492.00 40.74 41,096.00 41.30 41,320.00 23.64 29,568.00
Other 18,497.00 18,936.00 24,488.00 23,335.00 27,100.00
Global Technology 17.43 17,577.00 17.62 17,624.00 17.94 22,436.00
Services(GTS)
Global Business 9.05 8,327.00 8.76 8,628.00 8.57 8,647.00 8.36 8,360.00 8.03 10,039.00
Services
Systems 4.31 3,967.00 3.87 3,812.00 3.86 3,898.00 4.03 4,030.00 3.67 4,590.00
Systems Hardware
Software
Technology Services 25.58 23,530.00 24.44 24,085.00
& Cloud Platforms
Cognitive Solutions 21.76 20,017.00 25.90 25,517.00
Global Services
Global Technology
Services
Deuda 100.00 39,889.00 100.00 42,168.00 100.00 46,824.00 100.00 45,812.00 100.00 62,900.00
Non-Global Financing 31.80 12,684.00 33.93 14,309.00 32.87 15,390.00 31.84 14,585.00 60.69 38,173.00
Global Financing 68.20 27,205.00 66.07 27,859.00 67.13 31,434.00 68.16 31,227.00 39.31 24,727.00
This report may not be modified or altered in any way. The BLOOMBERG PROFESSIONAL service and BLOOMBERG Data are owned and distributed locally by Bloomberg Finance LP (“BFLP”) and its subsidiaries in all jurisdictions other than Argentina, Bermuda, China, India, Japan and Korea (the (“BFLP
Countries”). BFLP is a wholly-owned subsidiary of Bloomberg LP (“BLP”). BLP provides BFLP with all the global marketing and operational support and service for the Services and distributes the Services either directly or through a non-BFLP subsidiary in the BLP Countries. BFLP, BLP and their affiliates
do not provide investment advice, and nothing herein shall constitute an offer of financial instruments by BFLP, BLP or their affiliates.
Bloomberg ® 08/28/2020 14:00:14 17
Análisis de informe financiero
Ticker: IBM US Equity Periodo: Anuales Divisa: USD Nota: Años mostrados en el informe son fiscales. Empresa: International Business Machines Corp
Registro: Más reciente
% Restated:2015 A % Restated:2016 A % Restated:2017 A % Original:2018 A % Original:2019 A
Plazo termina 2015-12-31 2015-12-31 2016-12-31 2016-12-31 2017-12-31 2017-12-31 2018-12-31 2018-12-31 2019-12-31 2019-12-31
Depreciación y 100.00 3,855.00 100.00 4,381.00 100.00 4,541.00 100.00 4,480.00 100.00 6,059.00
amortización
Global Technology 53.86 2,209.00 60.50 2,501.00 59.21 2,601.00
Services(GTS)
Other 245.00 133.00 440.00 346.00 1,666.00
Cloud and Cognitive 28.90 1,185.00 23.88 987.00 25.20 1,107.00
Software
Systems 8.89 321.00 8.83 375.00 8.32 341.00 7.62 315.00 7.97 350.00
Global Financing 9.50 343.00 7.46 317.00 6.51 267.00 5.54 229.00 4.23 186.00
Global Business 2.24 81.00 2.45 104.00 2.41 99.00 2.47 102.00 3.39 149.00
Services
Systems Hardware
Software
Technology Services 53.85 1,944.00 52.35 2,224.00
& Cloud Platforms
Reconciliation
Cognitive Solutions 25.51 921.00 28.91 1,228.00
Global Services
Global Technology
Services
Gastos de capital -3,830.00 -3,765.00 -3,259.00 -3,610.00 -2,500.00
Global Business 2.25 -86.00 1.46 -55.00 1.41 -46.00 1.58 -57.00 1.92 -48.00
Services
Global Financing 9.30 -356.00 10.09 -380.00 11.17 -364.00 7.59 -274.00 2.28 -57.00
Systems 8.38 -321.00 12.03 -453.00 5.80 -189.00 6.68 -241.00 12.20 -305.00
Cloud and Cognitive 14.33 -467.00 12.99 -469.00 20.60 -515.00
Software
Global Technology 67.29 -2,193.00 71.16 -2,569.00 63.00 -1,575.00
Services(GTS)
Systems Hardware
Software
Technology Services 68.38 -2,619.00 63.27 -2,382.00
& Cloud Platforms
Cognitive Solutions 11.70 -448.00 13.15 -495.00
Global Services
Global Technology
Services
This report may not be modified or altered in any way. The BLOOMBERG PROFESSIONAL service and BLOOMBERG Data are owned and distributed locally by Bloomberg Finance LP (“BFLP”) and its subsidiaries in all jurisdictions other than Argentina, Bermuda, China, India, Japan and Korea (the (“BFLP
Countries”). BFLP is a wholly-owned subsidiary of Bloomberg LP (“BLP”). BLP provides BFLP with all the global marketing and operational support and service for the Services and distributes the Services either directly or through a non-BFLP subsidiary in the BLP Countries. BFLP, BLP and their affiliates
do not provide investment advice, and nothing herein shall constitute an offer of financial instruments by BFLP, BLP or their affiliates.
Bloomberg ® 08/28/2020 14:00:14 18
Análisis de informe financiero
Ticker: IBM US Equity Periodo: Anuales Divisa: USD Nota: Años mostrados en el informe son fiscales. Empresa: International Business Machines Corp
Registro: Más reciente
Ajustado
Original:2011 A Original:2012 A Restated:2013 A Restated:2014 A Restated:2015 A Restated:2016 A Restated:2017 A Original:2018 A Original:2019 A Actual/Ú12M
Plazo termina 2011-12-31 2012-12-31 2013-12-31 2014-12-31 2015-12-31 2016-12-31 2017-12-31 2018-12-31 2019-12-31 2020-6-30
Ingreso 106,916.00 102,874.00 98,367.00 92,793.00 81,741.00 79,919.00 79,139.00 79,591.00 77,147.00 75,499.00
+ Ingresos de 104,784.00 100,834.00 96,322.00 90,736.00 79,878.00 78,210.00 77,424.00 77,992.00 75,745.00 74,279.00
servicios y ventas
+ Ingreso financiero 2,132.00 2,040.00 2,045.00 2,057.00 1,863.00 1,709.00 1,715.00 1,599.00 1,402.00 1,216.00
- Coste de ingreso 56,776.00 52,249.00 49,049.00 46,213.00 40,588.00 41,309.00 42,196.00 42,283.00 40,112.00 39,065.00
+ Coste de bienes y 55,711.00 51,162.00 47,939.00 45,173.00 39,577.00 40,264.00 40,986.00 41,151.00 39,207.00 38,306.00
servicios
+ Coste de 1,065.00 1,087.00 1,110.00 1,040.00 1,011.00 1,045.00 1,210.00 1,132.00 905.00 759.00
financiación de
beneficio
Beneficio bruto 50,140.00 50,625.00 49,318.00 46,580.00 41,153.00 38,610.00 36,943.00 37,308.00 37,035.00 36,434.00
+ Otros ingresos 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
operacionales
- Gastos 29,440.00 28,167.00 27,705.00 25,108.00 23,931.00 25,218.00 23,732.00 20,859.00 21,632.78 24,916.43
operacionales
+ Ventas, generales 23,121.00 22,344.00 22,019.00 21,440.00 19,289.00 19,780.00 19,468.00 18,753.00 19,767.00 20,551.00
y admin
+ Investigación y 6,346.00 5,836.00 5,686.00 5,514.00 5,199.00 5,722.00 5,590.00 5,379.00 5,989.00 6,356.00
desarrollo
+ Otro gasto -27.00 -13.00 0.00 -1,846.00 -557.00 -284.00 -1,326.00 -3,273.00 -4,123.22 -1,990.57
operativo
Ingreso operacional 20,700.00 22,458.00 21,613.00 21,472.00 17,222.00 13,392.00 13,211.00 16,449.00 15,402.22 11,517.57
(pérdida)
- Ingreso (pérdida) no -490.00 -1,403.00 -740.00 -2,171.00 -990.00 -886.00 254.00 965.00 -367.00 843.00
operacional
+ Gasto de 275.00 350.00 328.00 394.00 396.00 522.00 471.00 396.00 -170.00 1,226.00
intereses, neto
+ Gastos de 411.00 459.00 402.00 484.00 468.00 630.00 615.00 723.00 1,116.00 1,411.00
intereses
- Ingreso de 136.00 109.00 74.00 90.00 72.00 108.00 144.00 327.00 1,286.00 185.00
intereses
+ (Plusvalía) pérdida 513.00 -240.00 -260.00 -599.00 414.00 -116.00 405.00 -427.00 -279.00 -342.00
del tipo de cambio
+ Otro (ingreso) -1,278.00 -1,513.00 -808.00 -1,966.00 -1,800.00 -1,292.00 -622.00 996.00 82.00 -41.00
pérdida no op
Beneficios (pérdidas) 21,190.00 23,861.00 22,353.00 23,643.00 18,212.00 14,278.00 12,957.00 15,484.00 15,769.22 10,674.57
antes de impuestos,
ajustados
- Pérdida anormal 187.00 1,321.00 2,110.00 3,657.00 2,267.00 1,948.00 1,557.00 4,142.00 5,603.22 3,638.57
+ Gasto de fusión o 46.00 35.00 46.00 12.00 31.00 12.00 37.00 825.00 2,258.00 929.00
adquisición
+ Despojo de activos 1,846.00 552.00 62.00
+ Cancelación de 215.00
activos
+ Beneficio/pérdida 1,695.22 1,413.87
en la venta/adquisición
de empresas
+ Restructura 440.00 803.00 1,031.00 1,472.00 587.00 1,038.00 199.00 598.00 555.00 906.00
+ Venta de -227.00 -55.00 -29.00 -26.00 47.00 23.00 -20.00 -101.00 -32.00
inversiones
+ Otros elementos -72.00 538.00 1,062.00 353.00 1,050.00 598.00 1,341.00 2,820.00 1,127.00 878.00
atípicos
This report may not be modified or altered in any way. The BLOOMBERG PROFESSIONAL service and BLOOMBERG Data are owned and distributed locally by Bloomberg Finance LP (“BFLP”) and its subsidiaries in all jurisdictions other than Argentina, Bermuda, China, India, Japan and Korea (the (“BFLP
Countries”). BFLP is a wholly-owned subsidiary of Bloomberg LP (“BLP”). BLP provides BFLP with all the global marketing and operational support and service for the Services and distributes the Services either directly or through a non-BFLP subsidiary in the BLP Countries. BFLP, BLP and their affiliates
do not provide investment advice, and nothing herein shall constitute an offer of financial instruments by BFLP, BLP or their affiliates.
Bloomberg ® 08/28/2020 14:00:14 19
Análisis de informe financiero
Ticker: IBM US Equity Periodo: Anuales Divisa: USD Nota: Años mostrados en el informe son fiscales. Empresa: International Business Machines Corp
Registro: Más reciente
Original:2011 A Original:2012 A Restated:2013 A Restated:2014 A Restated:2015 A Restated:2016 A Restated:2017 A Original:2018 A Original:2019 A Actual/Ú12M
Plazo termina 2011-12-31 2012-12-31 2013-12-31 2014-12-31 2015-12-31 2016-12-31 2017-12-31 2018-12-31 2019-12-31 2020-6-30
Beneficios (pérdidas) 21,003.00 22,540.00 20,243.00 19,986.00 15,945.00 12,330.00 11,400.00 11,342.00 10,166.00 7,036.00
antes de impuestos,
GAAP
- Gasto de impuesto a 5,148.00 5,541.00 3,362.00 4,234.00 2,581.00 449.00 5,642.00 2,619.00 731.00 -844.00
la renta (Beneficio)
+ Impuesto sobre la 3,936.00 4,730.00 5,037.00 4,500.00 1,908.00 1,418.00 6,334.00 1,920.00 2,075.00
renta actual
+ Impuesto sobre la 1,212.00 811.00 -1,675.00 -266.00 673.00 -969.00 -692.00 699.00 -1,344.00
renta diferido
Beneficios (pérdidas) 15,855.00 16,999.00 16,881.00 15,752.00 13,364.00 11,881.00 5,758.00 8,723.00 9,435.00 7,880.00
de operaciones
continuas
- Pérdidas 0.00 395.00 398.00 3,730.00 174.00 9.00 5.00 -5.00 4.00 3.00
(ganancias)
extraordinarias netas
+ Operaciones 0.00 395.00 398.00 3,730.00 174.00 9.00 5.00 -5.00 4.00 3.00
discontinuas
+ PE y cambios 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
contables
Ingreso (pérdida) incl 15,855.00 16,604.00 16,483.00 12,022.00 13,190.00 11,872.00 5,753.00 8,728.00 9,431.00 7,877.00
MI
Beneficio neto, GAAP 15,855.00 16,604.00 16,483.00 12,022.00 13,190.00 11,872.00 5,753.00 8,728.00 9,431.00 7,877.00
- Dividendos 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
preferentes
- Otros ajustes 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
beneficio neto 15,855.00 16,604.00 16,483.00 12,022.00 13,190.00 11,872.00 5,753.00 8,728.00 9,431.00 7,877.00
disponible a accionistas
comunes, GAAP
Beneficio neto 15,944.55 17,888.95 18,291.20 18,179.60 14,889.05 13,173.50 12,229.40 13,051.21 13,629.21 11,054.96
disponible a cap
común, aj
Pérdidas atípicas 89.55 889.95 1,410.20 2,427.60 1,525.05 1,292.50 6,471.40 4,328.21 4,194.21 3,174.96
netas (ganancias)
Pérdidas (ganancias) 0.00 395.00 398.00 3,730.00 174.00 9.00 5.00 -5.00 4.00 3.00
extraordinarias netas
Acciones promedio 1,196.95 1,142.51 1,094.49 1,004.27 978.74 955.42 932.83 912.05 887.24 889.40
básicas pond
BPA básicos, GAAP 13.25 14.53 15.06 11.97 13.48 12.43 6.17 9.57 10.63 8.88
BPA básicos de ops 13.25 14.88 15.42 15.68 13.66 12.44 6.17 9.56 10.63 8.88
cont
BPA básicos de ops 13.32 15.66 16.71 18.10 15.21 13.79 13.11 14.31 15.36 12.46
cont, ajustados
Acciones diluidas 1,213.77 1,155.45 1,103.04 1,010.00 982.70 958.71 937.39 916.32 892.81 894.90
promedio pond
BPA diluidos, GAAP 13.06 14.37 14.94 11.90 13.42 12.38 6.14 9.52 10.56 8.81
BPA diluidos de ops 13.06 14.71 15.30 15.59 13.60 12.39 6.14 9.51 10.57 8.81
cont
BPA diluidos de ops 13.13 15.48 16.58 17.99 15.15 13.74 13.04 14.23 15.27 12.36
cont, ajustados
Referencia
Norma de contabilidad US GAAP US GAAP US GAAP US GAAP US GAAP US GAAP US GAAP US GAAP US GAAP
This report may not be modified or altered in any way. The BLOOMBERG PROFESSIONAL service and BLOOMBERG Data are owned and distributed locally by Bloomberg Finance LP (“BFLP”) and its subsidiaries in all jurisdictions other than Argentina, Bermuda, China, India, Japan and Korea (the (“BFLP
Countries”). BFLP is a wholly-owned subsidiary of Bloomberg LP (“BLP”). BLP provides BFLP with all the global marketing and operational support and service for the Services and distributes the Services either directly or through a non-BFLP subsidiary in the BLP Countries. BFLP, BLP and their affiliates
do not provide investment advice, and nothing herein shall constitute an offer of financial instruments by BFLP, BLP or their affiliates.
Bloomberg ® 08/28/2020 14:00:14 20
Análisis de informe financiero
Ticker: IBM US Equity Periodo: Anuales Divisa: USD Nota: Años mostrados en el informe son fiscales. Empresa: International Business Machines Corp
Registro: Más reciente
Original:2011 A Original:2012 A Restated:2013 A Restated:2014 A Restated:2015 A Restated:2016 A Restated:2017 A Original:2018 A Original:2019 A Actual/Ú12M
Plazo termina 2011-12-31 2012-12-31 2013-12-31 2014-12-31 2015-12-31 2016-12-31 2017-12-31 2018-12-31 2019-12-31 2020-6-30
EBITDA 25,515.00 27,134.00 26,291.00 25,964.00 21,077.00 17,773.00 17,752.00 20,929.00 23,082.22 18,961.57
Margen EBITDA 23.86 26.38 26.73 27.98 25.79 22.24 22.43 26.30 29.92 25.11
(U12M)
EBITA 21,926.00 23,742.00 22,964.00 22,819.00 18,415.00 14,936.00 14,731.00 17,802.00 18,873.22 14,814.57
EBIT 20,700.00 22,458.00 21,613.00 21,472.00 17,222.00 13,392.00 13,211.00 16,449.00 15,402.22 11,517.57
Margen bruto 46.90 49.21 50.14 50.20 50.35 48.31 46.68 46.87 48.01 48.26
Margen operacional 19.36 21.83 21.97 23.14 21.07 16.76 16.69 20.67 19.96 15.26
Margen de beneficio 14.91 17.39 18.59 19.59 18.21 16.48 15.45 16.40 17.67 14.64
Ventas por empleado 246,712.91 236,902.59 228,117.49 244,454.57 216,385.14 210,147.25 215,872.89 227,013.69 220,042.78 214,764.80
Dividendos por acción 2.90 3.30 3.70 4.25 5.00 5.50 5.90 6.21 6.43 6.49
Dividendos ordinarios 3,473.00 3,773.00 4,058.00 4,265.00 4,897.00 5,256.00 5,506.00 5,666.00 5,704.92 5,764.00
totales en efectivo
Gasto de interés 9.00 18.00 4.00 0.00 2.00 5.00 3.00 5.00 12.00
capitalizado
Gasto de depreciación 3,589.00 3,392.00 3,327.00 3,145.00 2,662.00 2,837.00 3,021.00 3,127.00 4,209.00 4,147.00
Gasto de renta 1,836.00 1,767.00 1,759.00 1,592.00 1,474.00 1,508.00 1,821.00 1,944.00 2,193.00
This report may not be modified or altered in any way. The BLOOMBERG PROFESSIONAL service and BLOOMBERG Data are owned and distributed locally by Bloomberg Finance LP (“BFLP”) and its subsidiaries in all jurisdictions other than Argentina, Bermuda, China, India, Japan and Korea (the (“BFLP
Countries”). BFLP is a wholly-owned subsidiary of Bloomberg LP (“BLP”). BLP provides BFLP with all the global marketing and operational support and service for the Services and distributes the Services either directly or through a non-BFLP subsidiary in the BLP Countries. BFLP, BLP and their affiliates
do not provide investment advice, and nothing herein shall constitute an offer of financial instruments by BFLP, BLP or their affiliates.
Bloomberg ® 08/28/2020 14:00:14 21
Análisis de informe financiero
Ticker: IBM US Equity Periodo: Anuales Divisa: USD Nota: Años mostrados en el informe son fiscales. Empresa: International Business Machines Corp
Registro: Más reciente
Estandarizado
Original:2011 A Original:2012 A Restated:2013 A Restated:2014 A Restated:2015 A Restated:2016 A Restated:2017 A Original:2018 A Original:2019 A Actual
Plazo termina 2011-12-31 2012-12-31 2013-12-31 2014-12-31 2015-12-31 2016-12-31 2017-12-31 2018-12-31 2019-12-31 2020-8-28
Activo total
+ Efectivo, 11,922.00 11,129.00 11,066.00 8,476.00 8,194.00 8,527.00 12,580.00 11,997.00 8,868.00 14,104.00
equivalentes y STI
+ Efectivo y 11,922.00 10,412.00 10,716.00 8,476.00 7,686.00 7,826.00 11,972.00 11,379.00 8,172.00 12,041.00
equivalentes
+ Inversiones a corto 0.00 717.00 350.00 0.00 508.00 701.00 608.00 618.00 696.00 2,063.00
plazo
+ Cuentas y notas por 28,080.00 28,705.00 30,252.00 28,925.00 27,353.00 28,188.00 30,649.00 29,820.00 22,062.00 18,510.00
cobrar
+ Inventarios 2,595.00 2,287.00 2,310.00 2,103.00 1,551.00 1,553.00 1,583.00 1,682.00 1,619.00 1,869.00
+ Mat primas 0.00 0.00 0.00 0.00
+ Trabajo en proceso 0.00 0.00 0.00 0.00
+ Bienes de 588.00 475.00 444.00 430.00 352.00 358.00 333.00 266.00 220.00 288.00
consumo
+ Otro inventario 2,007.00 1,812.00 1,866.00 1,673.00 1,199.00 1,195.00 1,250.00 1,416.00 1,399.00 1,581.00
+ Otros activos a CP 8,331.00 7,312.00 7,723.00 7,873.00 5,406.00 5,620.00 4,923.00 5,647.00 5,871.00 5,470.00
+ Activos derivados y 546.00 333.00 317.00 751.00 293.00 532.00 184.00 385.00 242.00 306.00
de cobertura
+ Activos de 1,601.00 1,415.00 1,651.00
impuestos diferidos
+ Activos varios a 6,184.00 5,564.00 5,755.00 7,122.00 5,113.00 5,088.00 4,739.00 5,262.00 5,629.00 5,164.00
CP
Activos totales actuales 50,928.00 49,433.00 51,351.00 47,377.00 42,504.00 43,888.00 49,735.00 49,146.00 38,420.00 39,953.00
+ Propiedad, planta y 13,883.00 13,997.00 13,821.00 10,771.00 10,726.00 10,831.00 11,116.00 10,792.00 15,005.00 14,483.00
equipo; neto
+ Propiedad, planta 40,124.00 40,502.00 40,475.00 39,035.00 29,341.00 30,134.00 32,331.00 32,460.00 37,023.00 36,440.00
y equipo
- Depreciación 26,241.00 26,505.00 26,654.00 28,264.00 18,615.00 19,303.00 21,215.00 21,668.00 22,018.00 21,957.00
acumulada
+ Inversiones y 10,903.00 13,038.00 12,955.00 11,605.00 10,406.00 9,040.00 9,582.00 9,182.00 8,750.00 7,351.00
cuentas por cobrar a
LP
+ Inversiones a largo 127.00 226.00 200.00 496.00 393.00 19.00 32.00 34.00 38.00
plazo
+ Cuentas por cobrar 10,776.00 12,812.00 12,755.00 11,109.00 10,013.00 9,021.00 9,550.00 9,148.00 8,712.00 7,351.00
LP
+ Otros activos a LP 40,719.00 42,745.00 48,096.00 47,518.00 46,859.00 53,711.00 54,923.00 54,262.00 90,010.00 92,414.00
+ Activos intangibles 29,605.00 33,034.00 35,055.00 33,660.00 35,508.00 40,887.00 40,530.00 39,352.00 73,457.00 72,102.00
totales
+ Fondo de comercio 26,213.00 29,247.00 31,184.00 30,556.00 32,021.00 36,199.00 36,788.00 36,265.00 58,222.00 57,833.00
+ Otros activos 3,392.00 3,787.00 3,871.00 3,104.00 3,487.00 4,688.00 3,742.00 3,087.00 15,235.00 14,269.00
intangibles
+ Activos de 3,503.00 3,973.00 3,051.00 6,675.00 4,822.00 5,224.00 4,862.00 5,216.00 5,182.00 8,689.00
impuestos diferidos
+ Activos de 754.00 585.00 401.00 682.00 701.00 594.00 757.00 347.00 94.00
derivados y de
cobertura
+ Costes de 2,843.00 945.00 5,551.00 2,160.00 1,734.00 3,034.00 4,643.00 4,666.00 6,865.00 7,254.00
pensiones prepagados
+ Inversiones en 131.00 120.00 110.00 98.00 82.00 85.00 90.00 192.00 184.00
filiales
+ Activos varios a LP 3,883.00 4,088.00 3,928.00 4,243.00 4,012.00 3,887.00 4,041.00 4,489.00 4,229.00 4,368.00
This report may not be modified or altered in any way. The BLOOMBERG PROFESSIONAL service and BLOOMBERG Data are owned and distributed locally by Bloomberg Finance LP (“BFLP”) and its subsidiaries in all jurisdictions other than Argentina, Bermuda, China, India, Japan and Korea (the (“BFLP
Countries”). BFLP is a wholly-owned subsidiary of Bloomberg LP (“BLP”). BLP provides BFLP with all the global marketing and operational support and service for the Services and distributes the Services either directly or through a non-BFLP subsidiary in the BLP Countries. BFLP, BLP and their affiliates
do not provide investment advice, and nothing herein shall constitute an offer of financial instruments by BFLP, BLP or their affiliates.
Bloomberg ® 08/28/2020 14:00:14 22
Análisis de informe financiero
Ticker: IBM US Equity Periodo: Anuales Divisa: USD Nota: Años mostrados en el informe son fiscales. Empresa: International Business Machines Corp
Registro: Más reciente
Original:2011 A Original:2012 A Restated:2013 A Restated:2014 A Restated:2015 A Restated:2016 A Restated:2017 A Original:2018 A Original:2019 A Actual
Plazo termina 2011-12-31 2012-12-31 2013-12-31 2014-12-31 2015-12-31 2016-12-31 2017-12-31 2018-12-31 2019-12-31 2020-8-28
Activos totales no 65,505.00 69,780.00 74,872.00 69,894.00 67,991.00 73,582.00 75,621.00 74,236.00 113,765.00 114,248.00
corrientes
Activos totales 116,433.00 119,213.00 126,223.00 117,271.00 110,495.00 117,470.00 125,356.00 123,382.00 152,186.00 154,200.00
Pasivo y capital social
+ Cuentas por pagar y 21,099.00 22,066.00 20,363.00 21,808.00 16,623.00 17,581.00 18,446.00 16,677.00 14,859.00 14,869.00
devengos
+ Cuentas por pagar 8,517.00 7,952.00 7,461.00 6,864.00 6,028.00 6,209.00 6,451.00 6,558.00 4,896.00 4,719.00
+ Impuestos 3,313.00 4,948.00 4,633.00 5,084.00 2,847.00 3,235.00 4,219.00 3,046.00 2,839.00 2,627.00
incurridos
+ Interés y 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
dividendos por pagar
+ Otras cuentas por 9,269.00 9,166.00 8,269.00 9,860.00 7,748.00 8,137.00 7,776.00 7,073.00 7,124.00 7,523.00
pagar y en devengo
+ Deuda CP 8,463.00 9,181.00 6,862.00 5,731.00 6,461.00 7,513.00 6,987.00 10,207.00 10,177.00 10,632.00
+ Préstamos CP 4,138.00 3,575.00 2,992.00 1,117.00 1,183.00 1,273.00 1,770.00 3,153.00 1,223.00 845.00
+ ST Lease 19.00 13.00 16.00 13.00 7.00 1.00 3.00 3.00 1,432.00 1,343.00
Liabilities
+ Arrendamientos 19.00 13.00 16.00 13.00 7.00 1.00 3.00 3.00 52.00
de finanzas a CP
+ Arrendamientos 1,380.00 1,343.00
de operación a CP
+ Porción corriente 4,306.00 5,593.00 3,854.00 4,601.00 5,271.00 6,239.00 5,214.00 7,051.00 7,522.00 8,444.00
de deuda a LP
+ Otros pasivos a 12,562.00 12,378.00 12,929.00 12,042.00 11,185.00 11,181.00 11,930.00 11,343.00 12,665.00 12,941.00
corto plazo
+ Ingreso diferido 12,197.00 11,952.00 12,557.00 11,877.00 11,021.00 11,035.00 11,552.00 11,165.00 12,026.00 12,469.00
+ Derivados y 365.00 426.00 372.00 165.00 164.00 145.00 378.00 178.00 639.00 472.00
cobertura
+ Pasivos varios a 0.00 0.00 0.00 0.00 0.00 1.00 0.00 0.00 0.00 0.00
CP
Pasivos totales 42,124.00 43,625.00 40,154.00 39,581.00 34,269.00 36,275.00 37,363.00 38,227.00 37,701.00 38,442.00
corrientes
+ Deuda LP 20,973.00 21,053.00 26,745.00 27,244.00 25,483.00 26,811.00 33,366.00 29,344.00 57,981.00 59,133.00
+ Préstamos a largo 20,906.00 21,006.00 26,703.00 27,229.00 25,476.00 26,805.00 33,359.00 29,305.00 53,951.00 55,449.00
plazo
+ LT Lease Liabilities 67.00 47.00 42.00 15.00 7.00 6.00 7.00 39.00 4,030.00 3,684.00
+ Arrendamientos de 67.00 47.00 42.00 15.00 7.00 6.00 7.00 39.00 151.00
finanzas a LP
+ Arrendamientos de 3,879.00 3,684.00
operación a LP
+ Otros pasivos a LP 33,101.00 35,551.00 36,395.00 38,432.00 36,319.00 35,992.00 36,902.00 38,881.00 35,520.00 35,937.00
+ Pasivos acum 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
+ Pasivos de 18,374.00 20,418.00 16,242.00 18,261.00 16,504.00 17,070.00 16,720.00 17,002.00 17,142.00 16,483.00
pensiones
+ Ingreso diferido 3,847.00 4,491.00 4,108.00 3,691.00 3,771.00 3,600.00 3,746.00 3,445.00 3,851.00 3,787.00
+ Derivados y 2,050.00 3,113.00 6,240.00 7,772.00 7,967.00 7,905.00 6,508.00 6,466.00 539.00 18.00
cobertura
+ Pasivos varios a 8,830.00 7,529.00 9,805.00 8,708.00 8,077.00 7,417.00 9,928.00 11,968.00 13,988.00 15,649.00
LP
Pasivos totales no 54,074.00 56,604.00 63,140.00 65,676.00 61,802.00 62,803.00 70,268.00 68,225.00 93,501.00 95,070.00
corrientes
Pasivos totales 96,198.00 100,229.00 103,294.00 105,257.00 96,071.00 99,078.00 107,631.00 106,452.00 131,202.00 133,512.00
This report may not be modified or altered in any way. The BLOOMBERG PROFESSIONAL service and BLOOMBERG Data are owned and distributed locally by Bloomberg Finance LP (“BFLP”) and its subsidiaries in all jurisdictions other than Argentina, Bermuda, China, India, Japan and Korea (the (“BFLP
Countries”). BFLP is a wholly-owned subsidiary of Bloomberg LP (“BLP”). BLP provides BFLP with all the global marketing and operational support and service for the Services and distributes the Services either directly or through a non-BFLP subsidiary in the BLP Countries. BFLP, BLP and their affiliates
do not provide investment advice, and nothing herein shall constitute an offer of financial instruments by BFLP, BLP or their affiliates.
Bloomberg ® 08/28/2020 14:00:14 23
Análisis de informe financiero
Ticker: IBM US Equity Periodo: Anuales Divisa: USD Nota: Años mostrados en el informe son fiscales. Empresa: International Business Machines Corp
Registro: Más reciente
Original:2011 A Original:2012 A Restated:2013 A Restated:2014 A Restated:2015 A Restated:2016 A Restated:2017 A Original:2018 A Original:2019 A Actual
Plazo termina 2011-12-31 2012-12-31 2013-12-31 2014-12-31 2015-12-31 2016-12-31 2017-12-31 2018-12-31 2019-12-31 2020-8-28
+ Acciones 0.00 0.00 0.00 0.00 0.00 0.00 1.50 1.50 1.50 0.00
preferentes y capital
híbrido
+ Capital en acciones 48,129.00 50,110.00 51,594.00 52,666.00 53,262.00 53,935.00 54,564.50 55,149.50 55,893.50 56,135.00
y APIC
+ Capital común 436.49 439.51 441.50 443.04 444.24 445.02 445.89 446.69 447.60 448.25
+ Capital adicional 47,692.51 49,670.49 51,152.50 52,222.96 52,817.76 53,489.98 54,118.61 54,702.81 55,445.90 55,686.75
pagado
- Acciones de 110,963.00 123,131.00 137,242.00 150,715.00 155,518.00 159,050.00 163,507.00 168,071.00 169,413.00 169,386.00
Tesorería
+ Beneficios retenidos 104,857.00 117,640.00 130,042.00 137,792.00 146,124.00 152,759.00 153,126.00 159,206.00 162,954.00 162,559.00
+ Otro capital -21,885.00 -25,759.00 -21,602.00 -27,875.00 -29,606.00 -29,398.00 -26,591.00 -29,490.00 -28,596.00 -28,757.00
Capital antes de interés 20,138.00 18,860.00 22,792.00 11,868.00 14,262.00 18,246.00 17,594.00 16,796.00 20,840.00 20,551.00
minoritario
+ Participación 97.00 124.00 137.00 146.00 162.00 146.00 131.00 134.00 144.00 137.00
minoritaria/no
dominante
Patrimonio total 20,235.00 18,984.00 22,929.00 12,014.00 14,424.00 18,392.00 17,725.00 16,930.00 20,984.00 20,688.00
Pasivo y capital totales 116,433.00 119,213.00 126,223.00 117,271.00 110,495.00 117,470.00 125,356.00 123,382.00 152,186.00 154,200.00
Referencia
Norma de contabilidad US GAAP US GAAP US GAAP US GAAP US GAAP US GAAP US GAAP US GAAP US GAAP
Publication Date n/a n/a n/a n/a n/a n/a n/a n/a n/a 02/25/2020
Acciones en 1,163.18 1,117.37 1,054.39 990.52 965.73 945.87 922.18 892.48 887.11 890.58
circulación:
Núm de acciones de 1,019.29 1,080.19 1,153.13 1,224.69 1,255.49 1,279.25 1,307.25 1,340.95 1,350.89 1,350.65
Tesorería
Obligaciones de 18,374.00 20,418.00 16,242.00 18,261.00 16,504.00 17,070.00 16,720.00 17,002.00 17,142.00 16,483.00
pensión
Arriendos futuros 5,562.00 5,739.00 5,919.00 6,105.00 6,405.00 6,854.00 6,540.00 5,595.00 5,605.00
mínimos de
operaciones
Arrend capital - Total 86.00 60.00 58.00 28.00 14.00 7.00 10.00 42.00 203.00
Opciones dadas en el 0.00 0.00 0.00 0.00 0.00 1.50 0.00 0.00 0.00
periodo
Opciones en 20.66 11.39 5.62 1.75 0.48 1.61 1.50 1.50 1.50
circulación al fin del
periodo
Deuda neta 17,514.00 19,105.00 22,541.00 24,499.00 23,750.00 25,797.00 27,773.00 27,554.00 59,290.00 55,661.00
Deuda neta a capital 86.55 100.64 98.31 203.92 164.66 140.26 156.69 162.75 282.55 269.05
Ratio de capital -10.90 -16.45 -13.45 -26.06 -28.33 -29.56 -27.04 -26.84 -66.83 -62.79
ordinario tangible
Ratio corriente 1.21 1.13 1.28 1.20 1.24 1.21 1.33 1.29 1.02 1.04
Ciclo de conversión de 58.06 60.30 69.68 77.14 83.81 87.03 94.53 97.09 86.06 73.60
efectivo
Número de empleados 433,362.00 434,246.00 431,212.00 379,592.00 377,757.00 380,300.00 366,600.00 350,600.00 350,600.00 352,600.00
This report may not be modified or altered in any way. The BLOOMBERG PROFESSIONAL service and BLOOMBERG Data are owned and distributed locally by Bloomberg Finance LP (“BFLP”) and its subsidiaries in all jurisdictions other than Argentina, Bermuda, China, India, Japan and Korea (the (“BFLP
Countries”). BFLP is a wholly-owned subsidiary of Bloomberg LP (“BLP”). BLP provides BFLP with all the global marketing and operational support and service for the Services and distributes the Services either directly or through a non-BFLP subsidiary in the BLP Countries. BFLP, BLP and their affiliates
do not provide investment advice, and nothing herein shall constitute an offer of financial instruments by BFLP, BLP or their affiliates.
Bloomberg ® 08/28/2020 14:00:14 24
Análisis de informe financiero
Ticker: IBM US Equity Periodo: Anuales Divisa: USD Nota: Años mostrados en el informe son fiscales. Empresa: International Business Machines Corp
Registro: Más reciente
Estandarizado
Original:2011 A Original:2012 A Restated:2013 A Restated:2014 A Restated:2015 A Restated:2016 A Restated:2017 A Original:2018 A Original:2019 A Actual/Ú12M
Plazo termina 2011-12-31 2012-12-31 2013-12-31 2014-12-31 2015-12-31 2016-12-31 2017-12-31 2018-12-31 2019-12-31 2020-6-30
Efectivo de actividades
operacionales
+ Ingreso neto 15,855.00 16,604.00 16,483.00 12,022.00 13,190.00 11,872.00 5,753.00 8,728.00 9,431.00 7,877.00
+ Depreciación + 4,815.00 4,676.00 4,678.00 4,492.00 3,855.00 4,381.00 4,541.00 4,480.00 6,059.00 6,632.00
amortización
+ Partidas no 168.00 480.00 -1,685.00 -421.00 -816.00 -64.00 5,068.00 1,034.00 -786.00 351.00
monetarias
+ Compensación en 697.00 688.00 614.00 512.00 468.00 544.00 534.00 510.00 679.00 866.00
acciones
+ Impuestos al 1,212.00 797.00 -1,610.00 -237.00 1,387.00 -1,132.00 -931.00 853.00 -1,527.00
ingreso diferidos
+ Otros ajustes no -1,741.00 -1,005.00 -689.00 -696.00 -2,671.00 524.00 5,465.00 -329.00 62.00 -515.00
en efectivo
+ Var en fondo -991.00 -2,174.00 -1,993.00 775.00 1,026.00 895.00 1,362.00 1,005.00 66.00 262.00
de maniobra no en
efectivo
+ (Inc) dec en -1,279.00 -2,230.00 -1,407.00 1,270.00 812.00 712.00 1,297.00 1,006.00 502.00
cuentas por cobrar
+ (Aum) baja en -163.00 280.00 -57.00 -39.00 133.00 -14.00 18.00 -127.00 67.00
inventarios
+ (Aum) baja en 451.00 -224.00 -529.00 -456.00 81.00 197.00 47.00 126.00 -503.00
cuentas por pagar
+ Aum (baja) de 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 262.00
otros
+ Efectivo neto de ops 0.00
disc
Efectivo de actividades 19,847.00 19,586.00 17,483.00 16,868.00 17,255.00 17,084.00 16,724.00 15,247.00 14,770.00 15,122.00
operacionales
Efectivo de actividades
de inversión
+ Cambio en fijos e -4,059.00 -4,307.00 -3,768.00 -3,779.00 -3,781.00 -3,726.00 -3,313.00 -3,716.00 -2,370.00 -2,760.00
intangibles
+ Desp en fijos e 608.00 410.00 372.00 404.00 370.00 424.00 460.00 248.00 537.00 236.00
intangibles
+ Desp de activos 608.00 410.00 372.00 404.00 370.00 424.00 460.00 248.00 537.00 236.00
fijos prod
+ Desp de activos 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
intangibles
+ Adq de fijos e -4,667.00 -4,717.00 -4,140.00 -4,183.00 -4,151.00 -4,150.00 -3,773.00 -3,964.00 -2,907.00 -2,996.00
intangibles
+ Adq de activos fijos -4,108.00 -4,082.00 -3,623.00 -3,740.00 -3,579.00 -3,567.00 -3,229.00 -3,395.00 -2,286.00 -2,379.00
prod
+ Adq de activos -559.00 -635.00 -517.00 -443.00 -572.00 -583.00 -544.00 -569.00 -621.00 -617.00
intangibles
+ Cambio neto en 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
inversiones LP
+ Dec en inversiones 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
LP
+ Inc en inversiones 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
LP
+ Efectivo neto de adq -1,797.00 -3,123.00 -2,759.00 1,701.00 -3,750.00 -6,133.00 -701.00 -139.00 -31,554.00 -31,661.00
y div
This report may not be modified or altered in any way. The BLOOMBERG PROFESSIONAL service and BLOOMBERG Data are owned and distributed locally by Bloomberg Finance LP (“BFLP”) and its subsidiaries in all jurisdictions other than Argentina, Bermuda, China, India, Japan and Korea (the (“BFLP
Countries”). BFLP is a wholly-owned subsidiary of Bloomberg LP (“BLP”). BLP provides BFLP with all the global marketing and operational support and service for the Services and distributes the Services either directly or through a non-BFLP subsidiary in the BLP Countries. BFLP, BLP and their affiliates
do not provide investment advice, and nothing herein shall constitute an offer of financial instruments by BFLP, BLP or their affiliates.
Bloomberg ® 08/28/2020 14:00:14 25
Análisis de informe financiero
Ticker: IBM US Equity Periodo: Anuales Divisa: USD Nota: Años mostrados en el informe son fiscales. Empresa: International Business Machines Corp
Registro: Más reciente
Original:2011 A Original:2012 A Restated:2013 A Restated:2014 A Restated:2015 A Restated:2016 A Restated:2017 A Original:2018 A Original:2019 A Actual/Ú12M
Plazo termina 2011-12-31 2012-12-31 2013-12-31 2014-12-31 2015-12-31 2016-12-31 2017-12-31 2018-12-31 2019-12-31 2020-6-30
+ Efectivo por 14.00 599.00 297.00 2,357.00 -401.00 -454.00 -205.00 0.00 1,076.00 945.00
despojos
+ Efectivo para adq -1,811.00 -3,722.00 -3,056.00 -656.00 -3,349.00 -5,679.00 -496.00 -139.00 -32,630.00 -32,606.00
de subs
+ Efectivo para JVs 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
+ Otras actividades de 1,460.00 -1,575.00 -798.00 -923.00 -628.00 -1,117.00 -3,067.00 -1,058.00 6,988.00 2,038.00
inversión
+ Efectivo neto de ops 0.00
disc
Efectivo de actividades -4,396.00 -9,005.00 -7,325.00 -3,001.00 -8,159.00 -10,976.00 -7,081.00 -4,913.00 -26,936.00 -32,383.00
de inversión
Efectivo de actividades
de financiación
+ Dividendos pagados -3,473.00 -3,773.00 -4,058.00 -4,265.00 -4,897.00 -5,256.00 -5,506.00 -5,666.00 -5,707.00 -5,764.00
+ Efectivo de (pagos) 2,370.00 2,252.00 6,961.00 1,783.00 19.00 2,763.00 3,447.00 -301.00 16,284.00 -9,471.00
deuda
+ Efectivo de (pagos) 1,321.00 -441.00 621.00 -1,753.00 101.00 26.00 620.00 1,341.00 -2,597.00 -2,739.00
deuda CP
+ Efectivo de deuda 9,996.00 12,242.00 16,353.00 8,180.00 5,540.00 9,132.00 9,643.00 6,891.00 31,825.00 10,766.00
a LP
+ Pagos de -8,947.00 -9,549.00 -10,013.00 -4,644.00 -5,622.00 -6,395.00 -6,816.00 -8,533.00 -12,944.00 -17,498.00
préstamos a LP
+ Efectivo (recompra) -12,593.00 -10,455.00 -12,785.00 -12,970.00 -4,535.00 -3,424.00 -4,533.00 -4,614.00 -1,633.00 -456.00
de acciones
+ Aumento en capital 2,453.00 1,540.00 1,074.00 709.00 322.00 204.00 0.00 0.00 0.00 68.00
+ Baja en capital -15,046.00 -11,995.00 -13,859.00 -13,679.00 -4,857.00 -3,628.00 -4,533.00 -4,614.00 -1,633.00 -524.00
+ Otras actividades de 0.00 0.00 0.00 0.00 0.00 0.00 174.00 112.00 98.00 100.00
financiación
+ Efectivo neto de ops 0.00
disc
Efectivo de actividades -13,696.00 -11,976.00 -9,882.00 -15,452.00 -9,413.00 -5,917.00 -6,418.00 -10,469.00 9,042.00 -15,591.00
de financiación
Efecto de los tipos de -493.00 -116.00 28.00 -655.00 -473.00 -51.00 937.00 -495.00 -167.00 -495.00
cambio
Cambios netos en el 1,262.00 -1,511.00 304.00 -2,240.00 -790.00 140.00 4,162.00 -630.00 -3,291.00 -33,347.00
efectivo
Efectivo pagado por 4,168.00 3,169.00 4,024.00 5,748.00 2,657.00 1,078.00 1,597.00 1,745.00 2,091.00
impuestos
Efectivo pagado en 956.00 1,009.00 982.00 1,061.00 995.00 1,158.00 1,208.00 1,423.00 1,685.00
intereses
Referencia
EBITDA 25,101.00 25,758.00 24,168.00 22,282.00 18,862.00 15,855.00 16,214.00 16,671.00 17,575.00 15,487.00
Margen EBITDA 23.48 25.04 24.57 24.01 23.08 19.84 20.49 20.95 22.78 20.51
últimos 12M
Efectivo neto 1,811.00 3,722.00 3,056.00 656.00 3,349.00 5,679.00 496.00 139.00 32,630.00 32,606.00
desembolsado por
adquisiciones
Flujo de caja libre 15,739.00 15,504.00 13,860.00 13,128.00 13,676.00 13,517.00 13,495.00 11,852.00 12,484.00 12,743.00
Flujo de caja libre a 16,049.26 15,850.16 14,195.23 13,509.47 14,068.25 14,124.06 13,805.63 12,408.05 13,731.36 12,488.85
empresa
This report may not be modified or altered in any way. The BLOOMBERG PROFESSIONAL service and BLOOMBERG Data are owned and distributed locally by Bloomberg Finance LP (“BFLP”) and its subsidiaries in all jurisdictions other than Argentina, Bermuda, China, India, Japan and Korea (the (“BFLP
Countries”). BFLP is a wholly-owned subsidiary of Bloomberg LP (“BLP”). BLP provides BFLP with all the global marketing and operational support and service for the Services and distributes the Services either directly or through a non-BFLP subsidiary in the BLP Countries. BFLP, BLP and their affiliates
do not provide investment advice, and nothing herein shall constitute an offer of financial instruments by BFLP, BLP or their affiliates.
Bloomberg ® 08/28/2020 14:00:14 26
Análisis de informe financiero
Ticker: IBM US Equity Periodo: Anuales Divisa: USD Nota: Años mostrados en el informe son fiscales. Empresa: International Business Machines Corp
Registro: Más reciente
Original:2011 A Original:2012 A Restated:2013 A Restated:2014 A Restated:2015 A Restated:2016 A Restated:2017 A Original:2018 A Original:2019 A Actual/Ú12M
Plazo termina 2011-12-31 2012-12-31 2013-12-31 2014-12-31 2015-12-31 2016-12-31 2017-12-31 2018-12-31 2019-12-31 2020-6-30
Flujo libre de caja a 18,717.00 18,166.00 21,193.00 15,315.00 14,065.00 16,704.00 17,403.50 11,799.00 29,305.00 3,508.00
capital
Flujo libre de caja por 13.15 13.57 12.66 13.07 13.97 14.15 14.47 12.99 14.07 14.36
acción
Precio a flujo de caja 13.98 14.12 14.81 12.27 9.85 11.73 10.61 8.75 9.53 8.70
libre
Flujo de caja a 1.25 1.18 1.06 1.40 1.31 1.44 2.91 1.75 1.57 2.63
beneficio neto
This report may not be modified or altered in any way. The BLOOMBERG PROFESSIONAL service and BLOOMBERG Data are owned and distributed locally by Bloomberg Finance LP (“BFLP”) and its subsidiaries in all jurisdictions other than Argentina, Bermuda, China, India, Japan and Korea (the (“BFLP
Countries”). BFLP is a wholly-owned subsidiary of Bloomberg LP (“BLP”). BLP provides BFLP with all the global marketing and operational support and service for the Services and distributes the Services either directly or through a non-BFLP subsidiary in the BLP Countries. BFLP, BLP and their affiliates
do not provide investment advice, and nothing herein shall constitute an offer of financial instruments by BFLP, BLP or their affiliates.
Bloomberg ® 08/28/2020 14:00:14 27
Análisis de informe financiero
Ticker: IBM US Equity Periodo: Anuales Divisa: USD Nota: Años mostrados en el informe son fiscales. Empresa: International Business Machines Corp
Registro: Más reciente
Por geografía
% Original:2010 A % Original:2011 A % Original:2012 A % Restated:2013 A % Restated:2014 A
Plazo termina 2010-12-31 2010-12-31 2011-12-31 2011-12-31 2012-12-31 2012-12-31 2013-12-31 2013-12-31 2014-12-31 2014-12-31
Ingreso 100.00 99,870.00 100.00 106,916.00 100.00 102,874.00 100.00 99,167.00 100.00 92,793.00
Americas 42.10 42,044.00 42.04 44,944.00 43.31 44,556.00 43.61 43,249.00 44.63 41,410.00
Europe, Middle East 31.91 31,866.00 31.76 33,952.00 30.89 31,775.00 31.89 31,628.00 33.08 30,700.00
& Africa
Asia Pacific 23.18 23,150.00 23.64 25,273.00 25.21 25,937.00 23.12 22,923.00 21.79 20,216.00
OEM 2.81 2,810.00 2.57 2,747.00 0.59 606.00 1.38 1,367.00 0.50 467.00
Ingreso - Desglose 100.00 99,871.00 100.00 106,915.00 100.00 102,874.00 100.00 98,367.00 100.00 92,793.00
suplementario
International 64.37 64,290.00 65.35 69,874.00 66.32 68,221.00 66.02 64,941.00 65.49 60,772.00
Other Countries 53.66 53,589.00 55.10 58,906.00 55.92 57,525.00 56.80 55,871.00 56.46 52,390.00
Japan 10.71 10,701.00 10.26 10,968.00 10.40 10,696.00 9.22 9,070.00 9.03 8,382.00
United States 35.63 35,581.00 34.65 37,041.00 33.68 34,653.00 33.98 33,426.00 34.51 32,021.00
% Ventas netas
aumentadas a divisa
constante
Europe, Middle East 0.80 1.60 -1.00 -2.10 -0.60
& Africa
Americas 3.50 6.20 0.00 -2.00 -0.80
Asia Pacific 4.70 1.70 3.30 -2.80 -4.10
Japan
OEM 23.00 -3.00 -18.00
Crecimiento % de
ventas netas a divisa
constante - desglose
adicional
Major Markets 1.00 1.60 1.60 -2.20 -1.00
Growth Markets 10.90 11.40 11.40 -2.40 -3.20
BRICS 18.40 16.10 16.10 -5.60 -4.50
Ingreso antes de 100.00 19,723.00 100.00 21,003.00 100.00 22,540.00 100.00 20,244.00 100.00 19,986.00
impuestos
International 53.66 10,583.00 53.74 11,287.00 54.28 12,234.00 62.57 12,667.00 62.43 12,477.00
United States 46.34 9,140.00 46.26 9,716.00 45.72 10,306.00 37.43 7,577.00 37.57 7,509.00
Impuestos al ingreso 100.00 4,890.00 100.00 5,148.00 100.00 5,541.00 100.00 3,363.00 100.00 4,234.00
International 59.10 2,890.00 58.41 3,007.00 49.02 2,716.00 60.90 2,048.00 50.57 2,141.00
United States 40.90 2,000.00 41.59 2,141.00 50.98 2,825.00 39.10 1,315.00 49.43 2,093.00
% crec de renta
Americas 4.60 6.90 -0.90 -2.90 -4.30
Asia Pacific 11.80 9.20 2.60 -11.60 -11.80
Japan
Europe, Middle East -2.20 6.50 -6.40 -0.50 -2.90
& Africa
OEM 23.30 -2.30 -18.50
Crecimiento de
ingreso - desglose
suplementario
Major Markets 1.10 5.10 5.10 -4.20 -4.30
Growth Markets 16.00 16.00 16.00 -4.90 -9.90
BRICS 22.80 18.60 18.60 -8.20 -10.70
Propiedad/Planta/ 100.00 14,096.00 100.00 13,883.00 100.00 13,997.00 100.00 13,821.00 100.00 10,771.00
Equipo
International 50.66 6,298.00 49.66 6,186.00 49.00 6,299.00 48.20 6,257.00 56.46 5,690.00
Other Countries
Reconciliation 1,664.00 1,426.00 1,143.00 841.00 693.00
This report may not be modified or altered in any way. The BLOOMBERG PROFESSIONAL service and BLOOMBERG Data are owned and distributed locally by Bloomberg Finance LP (“BFLP”) and its subsidiaries in all jurisdictions other than Argentina, Bermuda, China, India, Japan and Korea (the (“BFLP
Countries”). BFLP is a wholly-owned subsidiary of Bloomberg LP (“BLP”). BLP provides BFLP with all the global marketing and operational support and service for the Services and distributes the Services either directly or through a non-BFLP subsidiary in the BLP Countries. BFLP, BLP and their affiliates
do not provide investment advice, and nothing herein shall constitute an offer of financial instruments by BFLP, BLP or their affiliates.
Bloomberg ® 08/28/2020 14:00:14 28
Análisis de informe financiero
Ticker: IBM US Equity Periodo: Anuales Divisa: USD Nota: Años mostrados en el informe son fiscales. Empresa: International Business Machines Corp
Registro: Más reciente
% Original:2010 A % Original:2011 A % Original:2012 A % Restated:2013 A % Restated:2014 A
Plazo termina 2010-12-31 2010-12-31 2011-12-31 2011-12-31 2012-12-31 2012-12-31 2013-12-31 2013-12-31 2014-12-31 2014-12-31
United States 49.34 6,134.00 50.34 6,271.00 51.00 6,555.00 51.80 6,723.00 43.54 4,388.00
This report may not be modified or altered in any way. The BLOOMBERG PROFESSIONAL service and BLOOMBERG Data are owned and distributed locally by Bloomberg Finance LP (“BFLP”) and its subsidiaries in all jurisdictions other than Argentina, Bermuda, China, India, Japan and Korea (the (“BFLP
Countries”). BFLP is a wholly-owned subsidiary of Bloomberg LP (“BLP”). BLP provides BFLP with all the global marketing and operational support and service for the Services and distributes the Services either directly or through a non-BFLP subsidiary in the BLP Countries. BFLP, BLP and their affiliates
do not provide investment advice, and nothing herein shall constitute an offer of financial instruments by BFLP, BLP or their affiliates.
Bloomberg ® 08/28/2020 14:00:14 29
Análisis de informe financiero
Ticker: IBM US Equity Periodo: Anuales Divisa: USD Nota: Años mostrados en el informe son fiscales. Empresa: International Business Machines Corp
Registro: Más reciente
% Restated:2015 A % Restated:2016 A % Restated:2017 A % Original:2018 A % Original:2019 A
Plazo termina 2015-12-31 2015-12-31 2016-12-31 2016-12-31 2017-12-31 2017-12-31 2018-12-31 2018-12-31 2019-12-31 2019-12-31
Ingreso 100.00 81,430.00 100.00 79,595.00 100.00 79,140.00 100.00 79,591.00 100.00 77,147.00
Americas 47.26 38,486.00 47.13 37,513.00 47.56 37,641.00 46.48 36,994.00 47.02 36,274.00
Europe, Middle East 32.02 26,073.00 31.12 24,769.00 30.83 24,397.00 32.03 25,491.00 31.68 24,443.00
& Africa
Asia Pacific 20.72 16,871.00 21.75 17,313.00 21.61 17,102.00 21.49 17,106.00 21.30 16,430.00
OEM
Ingreso - Desglose 100.00 81,741.00 100.00 79,919.00 100.00 79,139.00 100.00 79,591.00 100.00 77,147.00
suplementario
International 62.67 51,227.00 62.22 49,725.00 62.40 49,380.00 63.47 50,513.00 63.19 48,752.00
Other Countries 53.44 43,683.00 51.78 41,386.00 51.99 41,141.00 52.80 42,024.00 51.94 40,071.00
Japan 9.23 7,544.00 10.43 8,339.00 10.41 8,239.00 10.67 8,489.00 11.25 8,681.00
United States 37.33 30,514.00 37.78 30,194.00 37.60 29,759.00 36.53 29,078.00 36.81 28,395.00
% Ventas netas
aumentadas a divisa
constante
Europe, Middle East 0.30 -2.10 -2.80 1.30 0.40
& Africa
Americas -1.80 -1.40 -0.60 -0.70 -1.10
Asia Pacific -1.70 -1.20 -1.10 -0.40 -3.00
Japan 1.00
OEM
Crecimiento % de
ventas netas a divisa
constante - desglose
adicional
Major Markets
Growth Markets
BRICS
Ingreso antes de 100.00 15,945.00 100.00 12,330.00 100.00 11,400.00 100.00 11,342.00 100.00 10,166.00
impuestos
International 62.90 10,030.00 70.40 8,680.00 95.09 10,840.00 94.47 10,715.00 103.10 10,481.00
United States 37.10 5,915.00 29.60 3,650.00 4.91 560.00 5.53 627.00 -3.10 -315.00
Impuestos al ingreso 100.00 2,581.00 100.00 449.00 100.00 5,642.00 100.00 2,619.00 100.00 731.00
International 67.11 1,732.00 91.54 411.00 48.19 2,719.00 54.22 1,420.00 155.81 1,139.00
United States 32.89 849.00 8.46 38.00 51.81 2,923.00 45.78 1,199.00 -55.81 -408.00
% crec de renta
Americas -7.10 -2.50 -0.10 -1.70 -1.90
Asia Pacific -16.50 2.60 -2.00 0.00 -4.00
Japan 3.00
Europe, Middle East -15.10 -5.00 -1.70 4.50 -4.10
& Africa
OEM
Crecimiento de
ingreso - desglose
suplementario
Major Markets
Growth Markets
BRICS
Propiedad/Planta/ 100.00 10,726.00 100.00 10,831.00 100.00 11,116.00 100.00 10,792.00 100.00 15,005.00
Equipo
International 54.36 5,532.00 54.39 5,607.00 56.17 5,985.00 55.74 5,774.00 54.14 5,294.00
Other Countries 56.17 5,985.00 55.74 5,774.00 54.14 5,294.00
Reconciliation 550.00 523.00 461.00 433.00 5,226.00
United States 45.64 4,644.00 45.61 4,701.00 43.83 4,670.00 44.26 4,585.00 45.86 4,485.00
This report may not be modified or altered in any way. The BLOOMBERG PROFESSIONAL service and BLOOMBERG Data are owned and distributed locally by Bloomberg Finance LP (“BFLP”) and its subsidiaries in all jurisdictions other than Argentina, Bermuda, China, India, Japan and Korea (the (“BFLP
Countries”). BFLP is a wholly-owned subsidiary of Bloomberg LP (“BLP”). BLP provides BFLP with all the global marketing and operational support and service for the Services and distributes the Services either directly or through a non-BFLP subsidiary in the BLP Countries. BFLP, BLP and their affiliates
do not provide investment advice, and nothing herein shall constitute an offer of financial instruments by BFLP, BLP or their affiliates.
Bloomberg ® 08/28/2020 14:00:14 30
Análisis de informe financiero
Ticker: IBM US Equity Periodo: Anuales Divisa: USD Nota: Años mostrados en el informe son fiscales. Empresa: International Business Machines Corp
Registro: Más reciente
Por segmento
Original:2010 A Original:2011 A Original:2012 A Restated:2013 A Restated:2014 A Restated:2015 A Restated:2016 A Restated:2017 A Original:2018 A Original:2019 A
Plazo termina 2010-12-31 2011-12-31 2012-12-31 2013-12-31 2014-12-31 2015-12-31 2016-12-31 2017-12-31 2018-12-31 2019-12-31
Global Financing
Ingreso 2,238.00 2,102.00 2,013.00 2,022.00 2,034.00 1,840.00 1,692.00 1,696.00 1,590.00 1,400.00
Activos 35,813.00 36,427.00 38,882.00 40,138.00 38,845.00 36,157.00 36,492.00 41,096.00 41,320.00 29,568.00
Depreciación y 1,417.00 1,145.00 853.00 575.00 455.00 343.00 317.00 267.00 229.00 186.00
amortización
Gastos de capital -1,246.00 -930.00 -708.00 -468.00 -482.00 -356.00 -380.00 -364.00 -274.00 -57.00
Ingreso antes de 1,956.00 2,011.00 2,034.00 2,171.00 2,189.00 2,364.00 1,656.00 1,278.00 1,361.00 1,055.00
impuestos
Margen bruto 51.30 49.80 65.60 67.10 49.40 45.60 38.70 29.30 29.10 35.60
Margen antes de 48.00 47.90 49.90 50.40 48.40 52.80 47.40 40.30 42.50 40.10
impuestos
% crec de renta -4.30 -6.10 -4.20 0.40 -5.70 -9.50 -8.00 0.30 -6.30 -11.90
Deuda 22,823.00 23,332.00 24,501.00 27,504.00 27,205.00 27,205.00 27,859.00 31,434.00 31,227.00 24,727.00
Gasto de interés 548.00 538.00 410.00 405.00 518.00 469.00 371.00 381.00 515.00 512.00
Ingreso de interés 2,116.00 2,176.00 1,972.00 1,904.00 1,951.00 1,720.00 1,547.00 1,527.00 1,647.00 1,490.00
Ingreso intersegmento 1,842.00 2,092.00 2,060.00 2,282.00 2,488.00 2,637.00 1,802.00 1,471.00 1,610.00 1,232.00
% Ventas netas -4.30 -9.10 -1.20 2.80 3.00 1.50 -6.90 -0.70 -6.50 -10.00
aumentadas a divisa
constante
Ingreso de ventas incl 4,080.00 4,195.00 4,073.00 4,304.00 4,522.00 4,477.00 3,494.00 3,168.00 3,200.00 2,632.00
de intersegmento
Crecimiento bruto de -12.30
beneficios
Beneficio bruto 1,148.00 1,045.00 2,673.00 2,888.00
Porcentaje de ingreso 2.30 2.00 1.90
Systems
Ingreso 12,294.00 9,548.00 7,714.00 8,194.00 8,034.00 7,604.00
Activos 4,219.00 3,967.00 3,812.00 3,898.00 4,030.00 4,590.00
Depreciación y 733.00 321.00 375.00 341.00 315.00 350.00
amortización
Gastos de capital -627.00 -321.00 -453.00 -189.00 -241.00 -305.00
Fondo de comercio 1,848.00 1,850.00 1,862.00 1,847.00 2,270.00
Beneficio bruto 5,988.00 5,326.00 4,298.00 4,362.00 4,002.00 4,034.00
Ingreso antes de 1,384.00 1,722.00 933.00 1,128.00 904.00 701.00
impuestos
Margen bruto 48.70 55.80 55.70 53.20 49.80 53.10
Margen antes de 10.40 16.70 11.00 12.60 10.20 8.40
impuestos
% crec de renta -22.30 -19.20 6.20 -2.00 -5.30
Gasto de interés 0.00 0.00 0.00 0.00 0.00 0.00
Ingreso de interés 0.00 0.00 0.00 0.00 0.00 0.00
Ingreso intersegmento 778.00 750.00 750.00 815.00 726.00
% Ventas netas 3.90 -18.90 5.40 -2.30 -4.10
aumentadas a divisa
constante
Ingreso de ventas incl 10,325.00 8,464.00 8,945.00 8,848.00 8,330.00
de intersegmento
Crecimiento bruto de -12.80 -1.40 1.50 -8.20 0.80
beneficios
Other
Ingreso 750.00 722.00 577.00 479.00 375.00 206.00 289.00 2,212.00 2,018.00 948.00
Activos 24,160.00 24,878.00 21,902.00 27,724.00 23,338.00 18,497.00 18,936.00 24,488.00 23,335.00 27,100.00
This report may not be modified or altered in any way. The BLOOMBERG PROFESSIONAL service and BLOOMBERG Data are owned and distributed locally by Bloomberg Finance LP (“BFLP”) and its subsidiaries in all jurisdictions other than Argentina, Bermuda, China, India, Japan and Korea (the (“BFLP
Countries”). BFLP is a wholly-owned subsidiary of Bloomberg LP (“BLP”). BLP provides BFLP with all the global marketing and operational support and service for the Services and distributes the Services either directly or through a non-BFLP subsidiary in the BLP Countries. BFLP, BLP and their affiliates
do not provide investment advice, and nothing herein shall constitute an offer of financial instruments by BFLP, BLP or their affiliates.
Bloomberg ® 08/28/2020 14:00:14 31
Análisis de informe financiero
Ticker: IBM US Equity Periodo: Anuales Divisa: USD Nota: Años mostrados en el informe son fiscales. Empresa: International Business Machines Corp
Registro: Más reciente
Original:2010 A Original:2011 A Original:2012 A Restated:2013 A Restated:2014 A Restated:2015 A Restated:2016 A Restated:2017 A Original:2018 A Original:2019 A
Plazo termina 2010-12-31 2011-12-31 2012-12-31 2013-12-31 2014-12-31 2015-12-31 2016-12-31 2017-12-31 2018-12-31 2019-12-31
Depreciación y 75.00 208.00 296.00 184.00 245.00 133.00 440.00 346.00 1,666.00
amortización
Fondo de comercio 1,126.00 0.00
Beneficio bruto -6.00 -392.00 -2,150.00 -2,902.00 198.00 318.00 -195.00 1,540.00 1,227.00 543.00
Ingreso antes de -1,292.00 -1,901.00 -1,475.00 -3,443.00 -2,233.00 -3,657.00 -3,050.00 -2,995.00 -3,215.00 -2,853.00
impuestos
Margen bruto -8.60 -54.50 -71.60 -195.60 -401.70 -253.00 -293.90 -173.90 37.80 4.70
% crec de renta -13.70 -3.80 -20.10 -17.10 -21.70 -45.00 40.40 -40.70 21.00 -53.00
Gasto de interés 49.00 259.00 234.00 208.00 832.00
% Ventas netas -13.80 19.90 -51.70
aumentadas a divisa
constante
Cloud and Cognitive
Software
Ingreso 21,751.00 22,209.00 23,200.00
Activos 29,650.00 28,713.00 58,453.00
Depreciación y 1,185.00 987.00 1,107.00
amortización
Gastos de capital -467.00 -469.00 -515.00
Fondo de comercio 24,594.00 43,037.00
Beneficio bruto 16,986.00 17,224.00 17,790.00
Ingreso antes de 8,068.00 8,882.00 7,952.00
impuestos
Margen bruto 78.10 77.60 76.70
Margen antes de 32.40 35.00 30.60
impuestos
% crec de renta 4.50
Gasto de interés 0.00 0.00 0.00
Ingreso de interés 0.00 0.00 0.00
Ingreso intersegmento 3,190.00 2,827.00
% Ventas netas -0.40 6.20
aumentadas a divisa
constante
Ingreso de ventas incl 25,399.00 26,027.00
de intersegmento
Crecimiento bruto de 1.40 3.30
beneficios
Global Business
Services
Ingreso 19,512.00 17,166.00 16,700.00 16,348.00 16,595.00 16,634.00
Activos 8,831.00 8,327.00 8,628.00 8,647.00 8,360.00 10,039.00
Depreciación y 98.00 81.00 104.00 99.00 102.00 149.00
amortización
Gastos de capital -79.00 -86.00 -55.00 -46.00 -57.00 -48.00
Fondo de comercio 4,396.00 4,607.00 4,813.00 4,711.00 5,775.00
Beneficio bruto 5,923.00 4,837.00 4,501.00 4,033.00 4,448.00 4,606.00
Ingreso antes de 3,347.00 2,602.00 1,732.00 1,303.00 1,629.00 1,666.00
impuestos
Margen bruto 28.00 28.80 30.00 30.90 30.40 28.20 27.00 24.90 26.80 27.70
Margen antes de 13.50 15.00 15.50 16.80 16.70 14.70 10.10 7.90 9.60 9.90
impuestos
% crec de renta -12.00 -2.70 -2.10 2.90 0.20
Gasto de interés 0.00 0.00 0.00 0.00 0.00 0.00
Ingreso de interés 0.00 0.00 0.00 0.00 0.00 0.00
Ingreso intersegmento 499.00 409.00 363.00 326.00 278.00
This report may not be modified or altered in any way. The BLOOMBERG PROFESSIONAL service and BLOOMBERG Data are owned and distributed locally by Bloomberg Finance LP (“BFLP”) and its subsidiaries in all jurisdictions other than Argentina, Bermuda, China, India, Japan and Korea (the (“BFLP
Countries”). BFLP is a wholly-owned subsidiary of Bloomberg LP (“BLP”). BLP provides BFLP with all the global marketing and operational support and service for the Services and distributes the Services either directly or through a non-BFLP subsidiary in the BLP Countries. BFLP, BLP and their affiliates
do not provide investment advice, and nothing herein shall constitute an offer of financial instruments by BFLP, BLP or their affiliates.
Bloomberg ® 08/28/2020 14:00:14 32
Análisis de informe financiero
Ticker: IBM US Equity Periodo: Anuales Divisa: USD Nota: Años mostrados en el informe son fiscales. Empresa: International Business Machines Corp
Registro: Más reciente
Original:2010 A Original:2011 A Original:2012 A Restated:2013 A Restated:2014 A Restated:2015 A Restated:2016 A Restated:2017 A Original:2018 A Original:2019 A
Plazo termina 2010-12-31 2011-12-31 2012-12-31 2013-12-31 2014-12-31 2015-12-31 2016-12-31 2017-12-31 2018-12-31 2019-12-31
% Ventas netas -4.10 -2.50 -1.80 2.00 2.40
aumentadas a divisa
constante
Ingreso de ventas incl 17,664.00 17,109.00 16,711.00 16,921.00 16,911.00
de intersegmento
Crecimiento bruto de 3.40 8.60 0.30 2.00 -3.20 -18.30 -6.90 -8.60 10.30 3.50
beneficios
Global Technology
Services(GTS)
Ingreso 29,213.00 29,146.00 27,361.00
Activos 17,577.00 17,624.00 22,436.00
Depreciación y 2,209.00 2,501.00 2,601.00
amortización
Gastos de capital -2,193.00 -2,569.00 -1,575.00
Fondo de comercio 3,988.00 7,141.00
Beneficio bruto 10,022.00 10,035.00 9,515.00
Ingreso antes de 2,618.00 1,781.00 1,645.00
impuestos
Margen bruto 34.30 34.40 34.80
Margen antes de 8.80 5.90 5.80
impuestos
% crec de renta -6.10
Gasto de interés 0.00 0.00 0.00
Ingreso de interés 0.00 0.00 0.00
Ingreso intersegmento 872.00 1,157.00
% Ventas netas -0.10 -3.70
aumentadas a divisa
constante
Ingreso de ventas incl 30,018.00 28,518.00
de intersegmento
Crecimiento bruto de 0.10 -5.20
beneficios
Non-Global Financing
Deuda 5,801.00 7,987.00 8,767.00 12,214.00 12,684.00 12,684.00 14,309.00 15,390.00 14,585.00 38,173.00
Reconciliation
Ingreso de interés -2,024.00 -2,040.00 -1,863.00 -1,830.00 -1,861.00 -1,648.00 -1,439.00 -1,383.00 -1,320.00 -204.00
Gasto de interés -180.00 -127.00 -34.00
Depreciación y -70.00
amortización
Cloud
Crecimiento de 47.00 80.00 69.00 60.00 57.00 35.00 24.00 12.00 11.00
ingreso - desglose
suplementario
Ingreso estratégico 10,000.00 13,700.00 20,600.00 19,200.00 21,200.00
Crecimiento de 35.00 24.00 12.00 14.00
ingreso estratégico a
divisa constante %
Technical Support
Services
% crec de renta -3.30
Analytics
Crecimiento de 19.00 16.00 13.00 9.00 7.00 16.00 9.00 6.00 5.00
ingreso - desglose
suplementario
Ingreso estratégico 18,000.00 19,500.00 20,600.00 21,700.00
This report may not be modified or altered in any way. The BLOOMBERG PROFESSIONAL service and BLOOMBERG Data are owned and distributed locally by Bloomberg Finance LP (“BFLP”) and its subsidiaries in all jurisdictions other than Argentina, Bermuda, China, India, Japan and Korea (the (“BFLP
Countries”). BFLP is a wholly-owned subsidiary of Bloomberg LP (“BLP”). BLP provides BFLP with all the global marketing and operational support and service for the Services and distributes the Services either directly or through a non-BFLP subsidiary in the BLP Countries. BFLP, BLP and their affiliates
do not provide investment advice, and nothing herein shall constitute an offer of financial instruments by BFLP, BLP or their affiliates.
Bloomberg ® 08/28/2020 14:00:14 33
Análisis de informe financiero
Ticker: IBM US Equity Periodo: Anuales Divisa: USD Nota: Años mostrados en el informe son fiscales. Empresa: International Business Machines Corp
Registro: Más reciente
Original:2010 A Original:2011 A Original:2012 A Restated:2013 A Restated:2014 A Restated:2015 A Restated:2016 A Restated:2017 A Original:2018 A Original:2019 A
Plazo termina 2010-12-31 2011-12-31 2012-12-31 2013-12-31 2014-12-31 2015-12-31 2016-12-31 2017-12-31 2018-12-31 2019-12-31
Crecimiento de 9.00 6.00 5.00
ingreso estratégico a
divisa constante %
Mobile
Crecimiento de 250.00 35.00 19.00 4.00
ingreso - desglose
suplementario
Ingreso estratégico 3,000.00 4,100.00 4,800.00 5,000.00
Crecimiento de 35.00 19.00 3.00
ingreso estratégico a
divisa constante %
Security
Crecimiento de 12.00 14.00 55.00 29.00
ingreso - desglose
suplementario
Ingreso estratégico 2,000.00 2,000.00 3,200.00 4,100.00
Crecimiento de 14.00 54.00 28.00
ingreso estratégico a
divisa constante %
Social
Crecimiento de 21.00 -10.00 -3.00 -14.00
ingreso - desglose
suplementario
Ingreso estratégico 1,000.00 1,000.00 900.00 800.00
Crecimiento de -10.00 -4.00 -15.00
ingreso estratégico a
divisa constante %
Cognitive Solutions
Fondo de comercio 15,621.00 19,484.00 19,665.00
% crec de renta -9.40 1.90 1.50
Ingreso intersegmento 2,215.00 2,630.00 2,647.00
% Ventas netas -3.00 2.70 1.00
aumentadas a divisa
constante
Ingreso de ventas incl 20,055.00 2,630.00 21,100.00
de intersegmento
Crecimiento bruto de -11.10 -2.00 -2.60
beneficios
Ingreso 19,689.00 17,841.00 18,187.00
Activos 19,525.00 20,017.00 25,517.00
Depreciación y 1,040.00 921.00 1,228.00
amortización
Gastos de capital -413.00 -448.00 -495.00
Beneficio bruto 17,085.00 15,189.00 14,890.00
Ingreso antes de 8,215.00 7,245.00 6,352.00
impuestos
Margen bruto 86.80 85.10 81.90
Margen antes de 37.50 10.10 30.50
impuestos
Gasto de interés 0.00 0.00 0.00
Ingreso de interés 0.00 0.00 0.00
Technology Services &
Cloud Platforms
Fondo de comercio 10,156.00 10,258.00 10,447.00
% crec de renta -9.60 0.60 -3.00
This report may not be modified or altered in any way. The BLOOMBERG PROFESSIONAL service and BLOOMBERG Data are owned and distributed locally by Bloomberg Finance LP (“BFLP”) and its subsidiaries in all jurisdictions other than Argentina, Bermuda, China, India, Japan and Korea (the (“BFLP
Countries”). BFLP is a wholly-owned subsidiary of Bloomberg LP (“BLP”). BLP provides BFLP with all the global marketing and operational support and service for the Services and distributes the Services either directly or through a non-BFLP subsidiary in the BLP Countries. BFLP, BLP and their affiliates
do not provide investment advice, and nothing herein shall constitute an offer of financial instruments by BFLP, BLP or their affiliates.
Bloomberg ® 08/28/2020 14:00:14 34
Análisis de informe financiero
Ticker: IBM US Equity Periodo: Anuales Divisa: USD Nota: Años mostrados en el informe son fiscales. Empresa: International Business Machines Corp
Registro: Más reciente
Original:2010 A Original:2011 A Original:2012 A Restated:2013 A Restated:2014 A Restated:2015 A Restated:2016 A Restated:2017 A Original:2018 A Original:2019 A
Plazo termina 2010-12-31 2011-12-31 2012-12-31 2013-12-31 2014-12-31 2015-12-31 2016-12-31 2017-12-31 2018-12-31 2019-12-31
Ingreso intersegmento 698.00 715.00 657.00
% Ventas netas 0.10 1.40 -3.40
aumentadas a divisa
constante
Ingreso de ventas incl 35,840.00 36,052.00 34,934.00
de intersegmento
Crecimiento bruto de -13.90 -0.40 -6.50
beneficios
Ingreso 38,889.00 35,142.00 35,337.00
Activos 22,512.00 23,530.00 24,085.00
Depreciación y 1,982.00 1,944.00 2,224.00
amortización
Gastos de capital -2,321.00 -2,619.00 -2,382.00
Beneficio bruto 17,213.00 15,014.00 14,800.00
Ingreso antes de 7,084.00 5,669.00 4,707.00
impuestos
Margen bruto 44.30 42.70 41.90
Margen antes de 17.80 15.80 13.10
impuestos
Gasto de interés 0.00 0.00 0.00
Ingreso de interés 0.00 0.00 0.00
as-a-Service (aaS)
Crecimiento de 63.00
ingreso - desglose
suplementario
Ingreso estratégico 5,300.00 8,600.00
Global Services
Fondo de comercio 7,033.00 6,959.00 7,273.00 8,463.00 8,084.00
% crec de renta 2.60 7.00 -2.30 3.00 -3.50
Ingreso intersegmento 2,111.00 2,039.00 1,885.00 1,777.00 1,477.00
% Ventas netas 1.00 2.00 -0.30 2.60 -0.20
aumentadas a divisa
constante
Ingreso de ventas incl 58,535.00 62,202.00 60,688.00 58,724.00 56,431.00
de intersegmento
Ingreso 56,424.00 60,163.00 58,802.00 56,946.00
Activos 23,567.00 23,553.00 23,906.00 26,359.00
Depreciación y 1,707.00 1,796.00 1,672.00 1,742.00
amortización
Gastos de capital -1,563.00 -1,894.00 -1,802.00 -2,007.00
Beneficio bruto 18,415.00 19,865.00 20,304.00 20,367.00
Ingreso antes de 8,137.00 9,290.00 9,944.00 10,197.00
impuestos
Gasto de interés 0.00 0.00 0.00 0.00
Ingreso de interés 0.00 0.00 0.00 0.00
Porcentaje de ingreso 56.90 56.70 56.60
Software
Fondo de comercio 16,963.00 18,121.00 20,405.00 21,121.00 21,000.00
% crec de renta 5.10 10.90 2.00 1.90 -1.90
Ingreso intersegmento 2,950.00 3,276.00 3,274.00 3,191.00 3,496.00
% Ventas netas 4.80 8.00 4.30 2.90 -0.90
aumentadas a divisa
constante
Ingreso de ventas incl 25,436.00 28,219.00 28,722.00 29,123.00 28,931.00
de intersegmento
This report may not be modified or altered in any way. The BLOOMBERG PROFESSIONAL service and BLOOMBERG Data are owned and distributed locally by Bloomberg Finance LP (“BFLP”) and its subsidiaries in all jurisdictions other than Argentina, Bermuda, China, India, Japan and Korea (the (“BFLP
Countries”). BFLP is a wholly-owned subsidiary of Bloomberg LP (“BLP”). BLP provides BFLP with all the global marketing and operational support and service for the Services and distributes the Services either directly or through a non-BFLP subsidiary in the BLP Countries. BFLP, BLP and their affiliates
do not provide investment advice, and nothing herein shall constitute an offer of financial instruments by BFLP, BLP or their affiliates.
Bloomberg ® 08/28/2020 14:00:14 35
Análisis de informe financiero
Ticker: IBM US Equity Periodo: Anuales Divisa: USD Nota: Años mostrados en el informe son fiscales. Empresa: International Business Machines Corp
Registro: Más reciente
Original:2010 A Original:2011 A Original:2012 A Restated:2013 A Restated:2014 A Restated:2015 A Restated:2016 A Restated:2017 A Original:2018 A Original:2019 A
Plazo termina 2010-12-31 2011-12-31 2012-12-31 2013-12-31 2014-12-31 2015-12-31 2016-12-31 2017-12-31 2018-12-31 2019-12-31
Crecimiento bruto de 6.20 11.60 2.30 2.00 -2.20
beneficios
Ingreso 22,485.00 24,943.00 25,448.00 25,932.00
Activos 22,625.00 23,926.00 26,291.00 27,101.00
Depreciación y 992.00 1,062.00 1,157.00 1,211.00
amortización
Gastos de capital -463.00 -469.00 -618.00 -540.00
Beneficio bruto 19,774.00 22,065.00 22,569.00 23,032.00
Ingreso antes de 9,466.00 9,970.00 10,810.00 11,106.00
impuestos
Margen bruto 87.90 88.50 88.70 88.80
Margen antes de 35.80 35.30 37.60 38.10
impuestos
Gasto de interés 0.00 0.00 0.00 0.00
Ingreso de interés 0.00 0.00 0.00 0.00
Porcentaje de ingreso 22.70 23.50 24.50
Systems Hardware
Fondo de comercio 1,139.00 1,133.00 1,568.00 1,600.00 1,472.00
% crec de renta 11.00 5.60 -6.90 -18.70 -23.00
Ingreso intersegmento 804.00 838.00 676.00 593.00 647.00
% Ventas netas 11.10 3.20 -5.90 -17.90 -16.80
aumentadas a divisa
constante
Ingreso de ventas incl 18,777.00 19,823.00 16,710.00 13,581.00 10,643.00
de intersegmento
Crecimiento bruto de 12.90 10.20 -8.60 -25.80 -25.60
beneficios
Ingreso 17,973.00 18,985.00 16,034.00 12,988.00
Activos 7,287.00 7,649.00 8,232.00 4,901.00
Depreciación y 784.00 737.00 786.00 855.00
amortización
Gastos de capital -1,163.00 -1,032.00 -517.00 -395.00
Beneficio bruto 6,920.00 7,555.00 6,903.00 5,299.00
Ingreso antes de 1,456.00 1,633.00 1,227.00 213.00
impuestos
Margen bruto 38.10 39.80 39.10 40.80
Margen antes de 8.40 8.20 6.70 1.60
impuestos
Gasto de interés 0.00 0.00 0.00 0.00
Ingreso de interés 0.00 0.00 0.00 0.00
Porcentaje de ingreso 18.10 17.80 17.00
Global Technology
Services
Crecimiento bruto de 1.40 8.50 2.90 0.30 -3.10
beneficios
Margen bruto 34.50 35.00 36.60 38.10
Margen antes de 14.10 14.90 16.80 17.60
impuestos
Smarter Planet
Crecimiento de 3.00
ingreso - desglose
suplementario
This report may not be modified or altered in any way. The BLOOMBERG PROFESSIONAL service and BLOOMBERG Data are owned and distributed locally by Bloomberg Finance LP (“BFLP”) and its subsidiaries in all jurisdictions other than Argentina, Bermuda, China, India, Japan and Korea (the (“BFLP
Countries”). BFLP is a wholly-owned subsidiary of Bloomberg LP (“BLP”). BLP provides BFLP with all the global marketing and operational support and service for the Services and distributes the Services either directly or through a non-BFLP subsidiary in the BLP Countries. BFLP, BLP and their affiliates
do not provide investment advice, and nothing herein shall constitute an offer of financial instruments by BFLP, BLP or their affiliates.
Bloomberg ® 08/28/2020 14:00:14 36
Análisis de informe financiero
Ticker: IBM US Equity Periodo: Anuales Divisa: USD Nota: Años mostrados en el informe son fiscales. Empresa: International Business Machines Corp
Registro: Más reciente
Múltiplos
Original:2011 A Original:2012 A Restated:2013 A Restated:2014 A Restated:2015 A Restated:2016 A Restated:2017 A Original:2018 A Original:2019 A Actual
Plazo termina 2011-12-31 2012-12-31 2013-12-31 2014-12-31 2015-12-31 2016-12-31 2017-12-31 2018-12-31 2019-12-31 2020-8-28
PER 14.00 12.37 11.31 8.92 9.08 12.08 11.76 7.99 8.78 10.11
Media 15.03 14.96 12.54 10.99 8.64 9.94 11.48 11.03 9.62
Máx 17.12 16.07 13.94 11.93 9.69 12.08 13.24 12.97 10.63
Mín. 12.94 12.37 11.16 8.92 7.32 7.78 10.17 7.99 7.93
P/Libro 10.62 11.35 8.68 13.39 9.32 8.60 8.04 6.04 5.71 5.41
Media 9.11 11.36 11.49 8.46 12.96 10.18 8.17 7.54 7.27
Máx 10.62 12.19 12.79 13.39 14.56 11.41 9.43 8.87 8.04
Mín. 7.84 10.35 8.68 7.00 9.32 7.98 7.24 5.64 5.71
P/Ventas 2.06 2.13 2.09 1.74 1.65 1.98 1.81 1.30 1.54 1.47
Media 2.17 2.20 2.16 2.03 1.68 1.80 1.88 1.70 1.57
Máx 2.48 2.37 2.40 2.22 1.91 2.03 2.19 2.02 1.75
Mín. 1.86 1.99 1.92 1.67 1.42 1.40 1.66 1.25 1.28
P/Flujo de caja 11.09 11.17 11.74 9.55 7.81 9.28 8.56 6.80 8.05 7.33
Media 11.09 11.85 11.33 11.41 9.25 8.54 8.82 8.03 8.19
Máx 12.63 12.73 12.59 12.38 10.38 9.56 10.18 9.43 9.05
Mín. 9.54 10.80 10.08 9.48 7.81 6.68 7.81 6.00 6.75
P/Flujo libre caja 13.98 14.12 14.81 12.27 9.85 11.73 10.61 8.75 9.53 8.70
Media 14.11 14.95 14.31 14.39 11.88 10.77 11.14 9.95 10.54
Máx 16.07 16.05 15.90 15.62 13.34 12.06 12.86 11.69 11.65
Mín. 12.14 13.63 12.73 11.96 9.85 8.43 9.87 7.44 8.69
EV/Ventas 2.17 2.27 2.24 1.98 1.92 2.29 2.14 1.62 2.31 2.21
Media 2.22 2.28 2.27 2.12 1.91 2.06 2.18 2.02 1.88
Máx 2.45 2.44 2.52 2.33 2.12 2.30 2.49 2.33 2.31
Mín. 1.98 2.13 2.01 1.75 1.64 1.69 1.95 1.59 1.64
EV/EBITDA 9.22 9.06 9.12 8.24 8.31 11.54 10.45 7.75 10.15 10.79
Media 9.63 9.71 9.09 8.64 7.96 8.92 10.96 9.86 8.98
Máx 10.65 10.37 10.08 9.48 8.81 11.59 12.53 11.38 10.14
Mín. 8.62 9.05 8.03 7.14 6.84 7.33 9.85 7.75 7.82
EV/EBIT 11.41 11.06 11.31 10.32 10.45 15.94 14.51 10.59 17.74 20.77
Media 12.19 12.01 11.10 10.71 9.97 11.22 15.15 13.69 12.29
Máx 13.48 12.83 12.32 11.75 11.04 16.02 17.32 15.80 17.72
Mín. 10.91 11.18 9.81 8.85 8.57 9.21 13.61 10.74 10.69
Precio/Acc 183.88 191.55 187.57 160.44 137.62 165.99 153.42 113.67 134.04 124.93
Máx 194.90 211.79 215.90 199.21 176.30 169.95 182.79 171.13 152.95 125.14
Mín. 146.64 177.35 172.57 150.50 131.65 116.90 139.13 105.94 111.69 124.22
Valor de empresa 231,497.01 233,260.78 220,450.11 183,564.63 156,815.59 182,947.53 169,386.24 129,137.63 178,343.79 167,057.91
Media 221,409.41 243,641.97 233,968.47 208,636.15 177,269.12 168,167.36 173,822.73 159,851.76 149,725.61
Máx 244,664.95 260,350.64 259,740.21 229,088.06 196,382.62 184,140.50 198,694.26 184,475.34 178,146.34
Mín. 198,042.20 227,224.78 206,864.64 172,522.49 152,457.01 138,239.48 156,135.06 125,664.45 130,301.41
This report may not be modified or altered in any way. The BLOOMBERG PROFESSIONAL service and BLOOMBERG Data are owned and distributed locally by Bloomberg Finance LP (“BFLP”) and its subsidiaries in all jurisdictions other than Argentina, Bermuda, China, India, Japan and Korea (the (“BFLP
Countries”). BFLP is a wholly-owned subsidiary of Bloomberg LP (“BLP”). BLP provides BFLP with all the global marketing and operational support and service for the Services and distributes the Services either directly or through a non-BFLP subsidiary in the BLP Countries. BFLP, BLP and their affiliates
do not provide investment advice, and nothing herein shall constitute an offer of financial instruments by BFLP, BLP or their affiliates.
Bloomberg ® 08/28/2020 14:00:14 37
Análisis de informe financiero
Ticker: IBM US Equity Periodo: Anuales Divisa: USD Nota: Años mostrados en el informe son fiscales. Empresa: International Business Machines Corp
Registro: Más reciente
Valor de empresa
Original:2011 A Original:2012 A Restated:2013 A Restated:2014 A Restated:2015 A Restated:2016 A Restated:2017 A Original:2018 A Original:2019 A Actual
Plazo termina 2011-12-31 2012-12-31 2013-12-31 2014-12-31 2015-12-31 2016-12-31 2017-12-31 2018-12-31 2019-12-31 2020-8-28
Capitalización de 213,886.01 214,031.78 197,772.11 158,919.63 132,903.59 157,004.53 141,480.74 101,448.13 118,908.29 111,259.91
mercado
- Efectivo y 11,922.00 11,129.00 11,066.00 8,476.00 8,194.00 8,527.00 12,580.00 11,997.00 8,868.00 14,104.00
equivalentes
+ Acciones 0.00 0.00 0.00 0.00 0.00 0.00 1.50 1.50 1.50 0.00
preferentes
+ Interés minoritario 97.00 124.00 137.00 146.00 162.00 146.00 131.00 134.00 144.00 137.00
+ Deuda total 29,436.00 30,234.00 33,607.00 32,975.00 31,944.00 34,324.00 40,353.00 39,551.00 68,158.00 69,765.00
Valor de empresa 231,497.01 233,260.78 220,450.11 183,564.63 156,815.59 182,947.53 169,386.24 129,137.63 178,343.79 167,057.91
Capital 49,671.00 49,218.00 56,536.00 44,989.00 46,368.00 52,716.00 58,078.00 56,481.00 89,142.00 90,453.00
Deuda total/Capital 59.26 61.43 59.44 73.30 68.89 65.11 69.48 70.03 76.46 77.13
total
Deuda/Vlr emp 0.13 0.13 0.15 0.18 0.20 0.19 0.24 0.31 0.38 0.42
EV/Ventas 2.17 2.27 2.24 1.98 1.92 2.29 2.14 1.62 2.31 2.21
EV/EBITDA 9.22 9.06 9.12 8.24 8.31 11.54 10.45 7.75 10.15 10.79
EV/EBIT 11.41 11.06 11.31 10.32 10.45 15.94 14.51 10.59 17.74 20.77
VE/Flujo de caja a 11.48 11.70 12.37 10.64 8.89 10.34 9.94 8.17 10.07
empresa
VE/Flujo de caja libre a 14.42 14.72 15.53 13.59 11.15 12.95 12.27 10.41 11.57
empresa
Cap de mercado diluido 223,187.66 221,326.32 206,897.62 162,044.48 135,239.21 159,136.95 143,813.70 104,157.61 119,672.70 111,799.77
Valor diluido de 240,798.66 240,555.32 229,575.62 186,689.48 159,151.21 185,079.95 171,719.20 131,847.11 179,108.20 167,597.77
empresa
VE por participación 199.02 208.76 209.08 185.32 162.38 193.42 183.68 144.70 201.04 183.42
Referencia
Valores últimos 12
meses para Ratios
IFRS 16/ASC 842 No No No No No No No Sí Sí Sí
Adoption
Ventas 106,916.00 102,874.00 98,367.00 92,793.00 81,741.00 79,919.00 79,139.00 79,591.00 77,147.00 75,499.00
EBITDA 25,101.00 25,758.00 24,168.00 22,282.00 18,862.00 15,855.00 16,214.00 16,671.00 17,575.00 15,487.00
EBIT 20,286.00 21,082.00 19,490.00 17,790.00 15,007.00 11,474.00 11,673.00 12,191.00 9,895.00 8,043.00
Flujo de caja a 20,157.26 19,932.16 17,818.23 17,249.47 17,647.25 17,691.06 17,034.63 15,803.05 16,017.36
empresa
Flujo de caja libre a 16,049.26 15,850.16 14,195.23 13,509.47 14,068.25 14,124.06 13,805.63 12,408.05 13,731.36
empresa
This report may not be modified or altered in any way. The BLOOMBERG PROFESSIONAL service and BLOOMBERG Data are owned and distributed locally by Bloomberg Finance LP (“BFLP”) and its subsidiaries in all jurisdictions other than Argentina, Bermuda, China, India, Japan and Korea (the (“BFLP
Countries”). BFLP is a wholly-owned subsidiary of Bloomberg LP (“BLP”). BLP provides BFLP with all the global marketing and operational support and service for the Services and distributes the Services either directly or through a non-BFLP subsidiary in the BLP Countries. BFLP, BLP and their affiliates
do not provide investment advice, and nothing herein shall constitute an offer of financial instruments by BFLP, BLP or their affiliates.
Bloomberg ® 08/28/2020 14:00:14 38
Análisis de informe financiero
Ticker: IBM US Equity Periodo: Anuales Divisa: USD Nota: Años mostrados en el informe son fiscales. Empresa: International Business Machines Corp
Registro: Más reciente
Destacados aj
Original:2011 A Original:2012 A Restated:2013 A Restated:2014 A Restated:2015 A Restated:2016 A Restated:2017 A Original:2018 A Original:2019 A Actual/Ú12M
Plazo termina 2011-12-31 2012-12-31 2013-12-31 2014-12-31 2015-12-31 2016-12-31 2017-12-31 2018-12-31 2019-12-31 2020-6-30
Capitalización de 213,886.01 214,031.78 197,772.11 158,919.63 132,903.59 157,004.53 141,480.74 101,448.13 118,908.29 111,259.91
mercado
- Efectivo y 11,922.00 11,129.00 11,066.00 8,476.00 8,194.00 8,527.00 12,580.00 11,997.00 8,868.00 14,104.00
equivalentes
+ Preferente y otros 97.00 124.00 137.00 146.00 162.00 146.00 132.50 135.50 145.50 137.00
+ Deuda total 29,436.00 30,234.00 33,607.00 32,975.00 31,944.00 34,324.00 40,353.00 39,551.00 68,158.00 69,765.00
Valor de empresa 231,497.01 233,260.78 220,450.11 183,564.63 156,815.59 182,947.53 169,386.24 129,137.63 178,343.79 167,057.91
Ingresos, aj 106,916.00 102,874.00 98,367.00 92,793.00 81,741.00 79,919.00 79,139.00 79,591.00 77,147.00 75,499.00
% Crec, YoY 7.06 -3.78 -4.38 -5.67 -11.91 -2.23 -0.98 0.57 -3.07 -3.03
Beneficio bruto, aj 50,140.00 50,625.00 49,318.00 46,580.00 41,153.00 38,610.00 36,943.00 37,308.00 37,035.00 36,434.00
% Margen 46.90 49.21 50.14 50.20 50.35 48.31 46.68 46.87 48.01 48.26
EBITDA, aj 25,515.00 27,134.00 26,291.00 25,964.00 21,077.00 17,773.00 17,752.00 20,929.00 23,082.22 18,961.57
% Margen 23.86 26.38 26.73 27.98 25.79 22.24 22.43 26.30 29.92 25.11
Beneficio neto, aj 15,944.55 17,888.95 18,291.20 18,179.60 14,889.05 13,173.50 12,229.40 13,051.21 13,629.21 11,054.96
% Margen 14.91 17.39 18.59 19.59 18.21 16.48 15.45 16.40 17.67 14.64
BPA, aj 13.13 15.48 16.58 17.99 15.15 13.74 13.04 14.23 15.27 12.36
% Crec, YoY 15.57 17.87 7.09 8.54 -15.79 -9.33 -5.06 9.12 7.27 -11.71
Efectivo de 19,847.00 19,586.00 17,483.00 16,868.00 17,255.00 17,084.00 16,724.00 15,247.00 14,770.00 15,122.00
operaciones
Gastos de capital -4,108.00 -4,082.00 -3,623.00 -3,740.00 -3,579.00 -3,567.00 -3,229.00 -3,395.00 -2,286.00 -2,379.00
Flujo de caja libre 15,739.00 15,504.00 13,860.00 13,128.00 13,676.00 13,517.00 13,495.00 11,852.00 12,484.00 12,743.00
This report may not be modified or altered in any way. The BLOOMBERG PROFESSIONAL service and BLOOMBERG Data are owned and distributed locally by Bloomberg Finance LP (“BFLP”) and its subsidiaries in all jurisdictions other than Argentina, Bermuda, China, India, Japan and Korea (the (“BFLP
Countries”). BFLP is a wholly-owned subsidiary of Bloomberg LP (“BLP”). BLP provides BFLP with all the global marketing and operational support and service for the Services and distributes the Services either directly or through a non-BFLP subsidiary in the BLP Countries. BFLP, BLP and their affiliates
do not provide investment advice, and nothing herein shall constitute an offer of financial instruments by BFLP, BLP or their affiliates.
Bloomberg ® 08/28/2020 14:00:14 39
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