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Can you please help me to answer Q41 and check if I did Q42 right? thank you 68 Consolidated Income Statement International Business Machines Corporation

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Can you please help me to answer Q41 and check if I did Q42 right? thank you

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68 Consolidated Income Statement International Business Machines Corporation and Subsidiary Companies ( in millions except par share amounts) For the year ended December 31: Notes 2019 2018 2017 Revenue Services $47,493 $49,257" $48,652* Sales 28,252 28,735 28,772* Financing 1,402 1,599 1,715 Total revenue C 77,147 79,591 79,139 Cost Services 32,491 36,687 33,399 Sales 7,263 7,835 7.587 Financing 904 ,132 1 210 Total cost 40,659 42,659 42 196 Gross profit 36,488 36.936 36,943 Expense and other (Income) Selling, general and administrative 20,604 19 366 19,680 Research, development and engineering F 5,989 5,379 5,590 Intellectual property and custom development income (648) (1 026) (1,466) Other (income) and expense 968 ,152 1,125 Interest expense P&T 1,344 723 615 Total expense and other (Income) 26,327 25,594 25,543 Income from continuing operations before income taxes 10,166 11,342 11,400 Provision for income taxes G 731 2,619 5,642 Income from continuing operations 3,435 8,723 5,758 Income/(loss) from discontinued operations, not of tax (4) (5) Net Income $ 9,431 $ 8,728 $ 5,753 Earnings/(loss] per share of common stock Assuming dilution Continuing operations $ 10.57 9.51 6.14 Discontinued operations (0.01) 0.01 Total H $ 10.56 $ 9.52 $ 6.14 Basic Continuing operations H $ 10.63 9.56 $ 617 Discontinued operations H 0.00 0.01 0.00 Total $ 10.63 $ 9.57 $ 617 Weighted average number of common shares outstanding Assuming dilution 892,813,376 916 315,714 937,385,625 Basic 187,235,105 912 048,072 932,828,295 Reclassified to conform to 2019 presentation. Refer to "Basis of Presentation" in note A, "Significant Accounting Policies." Amounts may not add due to roun The accompanying notin tre an integral part of the financial statements. Consolidated Statement of Comprehensive Income International Business Machines Corporation and Subsidiary Companies ( in milliona] For the year ended December 31: Notes 2019 2018 2017 Net Income $ 9.431 $8, 728 85,753 Other comprehensive income/(loss), before tax Foreign currency translation adjustments (6E) (730) 152 Net changes related to available-for-sale securities Unrealized gains/(losses) arising during the period 1 (2) Reclassification of (gainsM/losses to net income - Total net changes related to ilable-for-sale securities 1 (2) Unrealized gains/(losses) on cash flow hedges S Unrealized gains/(losses) arising during the period (689) (136) (58) Reclassification of (gains)losses to net income 75 449 (363) Total unrealized gains/(losses) on cash flow hedges (614) 313 421) Retirement-related benefit plans 5 Prior service costs/[credits) (73) (182) Net (losses)/gains arising during the period (120) (2,517) 682 Curtailments and settlements 41 11 19 Amortization of prior service (credits)/costs (9) (73) (88) Amortization of net (gains)/losses 1,843 2,966 2,885 Total retirement-related benefit plans 1,681 204 3,502 Other comprehensive income/(loss), before tax S 1 029 (215) 3,235 Income tax (expense)/ benefit related to items of other comprehensive income (136) (262) 429) Other comprehensive income/[loss) 89 1476 2,806 Total comprehensive income $10 324 $8,257 $8,559 Amounts may not add due to rounding. The accompanying notes are an integral part of the financial statements.s in millions except par At December 31: Notes 2019 2010 Current assets Cash and cash equivalents Restricted cash $ 11,379 141 Marketable securition 225 696 Notes and accounts receivable-trade (not of allowances of 618 $299 in 2019 and $309 in 2018) 7,870 7,432 Short term financing receivables (not of allowance of $188 in 2019 and $24 4 in 2018) 14,192 12,388 Other accounts receivable (nat of allowances of $33 in 2019 and $38 in 2018) Inventory 1,733 743 1,619 1, 682 Dafamed costs 1,896 2,300 Prepaid expanses and other currant assets Total current assets 2,101 2,378 Property, plant and equipment 18,420 19,146 Less: Accumulated depreciation 3:2,028 32,460 12,01 H, 668 10,010 10,792 Operating right- of-use assets-net" Long-term financing receivables (not of allowances of $33 in 2019 and $48 in 2018] 4,996 8,712 9,148 Prepaid pansion assets Deferred costs 6,865 4,666 2,676 Deferred taxes 2,472 5,182 Goodwill 5,216 58,222 Intangible assets-nat 36,265 15,235 9,087 Investments and sundry assets 2,074 2,386 Total assets $ 152,186 $ 123,382 Liabilities and equity Current Liabilities Short term debt $ 2,839 $ 3,046 8,797 10,207 Accounts payable 4,896 6,558 Compansation and benefits 3,310 Deferred income 3,406 11,165 Operating lease Wabilities" 12,026 Other accrued expenses and liabilities M 1,380 Total current liabilities 4,357 3,941 Long-term debt 37,701 38,22 54,102 35,605 Retirement and nonpension postretirement banafit obligations V 17,142 17,002 Deferred income Operating Lease liabilities" 3,851 3,445 M 3,879 Other liabilities 14,526 12,174 Total liabilities 131,202 106,452 Commitments and Contingencies Equity IBM stockholders" equity Common stock, par walus $ 20 per share, and additional paid-in capital 55,895 Share authorized: 4,687 500.000 56,151 Shares issued (2019-2,237,996 975; 2018-2,233,427,058) Retained earnings Treasury stock, at cost (shares: 2019-1,350,886,521; 2018-1,340,947,648) 162,954 159,206 (169,413] (168,071] Accumulated other comprehensive income/(Loss) Total IBM stockholders" equity (28,597] (29,490) 20, 841 16,796 Noncontrolling interests 144 134 Total equity 20,985 16,929 Total liabilities and equity 152, 186 $ 123,382 The Consolidated Statement of Cash Flows International Business Machines Corporation and Subsidiary Companies Is in millioral For the year anded December 31: 2019 2010 Cash flows from operating activities 2017 Nat income 5 9,431 $ 8,728 $ 5,753 Adjustments to reconcile net income to cash provided by operating activities Depreciation 4,209 3,127 9,021 Amortization of intangiblea 1,850 1,353 1,520 Stock-based compansation 679 510 534 Deferred taxes (1,527) 853 (931) Not (gainjfloss on asset sales and other (1,096) 123 14 Change in operating assets and liabilities, not of acquisitions /divestitures Receivables (including financing receivables) 502 1,006 1,297 Retirement related 301 1,368 1,014 Inventory 67 (127) Other assets/other liabilities 858 (1,819) 1,437 Accounts payable (503) 126 Net cash provided by operating activities 14,770 15,247 Cash flows from investing activities 16,724 Payments for proparty, plant and equipment (2,286) [3,395) (3,229) Proceeds from disposition of property, plant and equipment 537 248 460 Investment in software (621) (569) (544) Purchases of marketable securities and other investments 13,693) (7,041) (4,949) Proceeds from disposition of marketable securities and other investments 3,961 6,487 Non-operating finance receivables-net 6,720 (503 (2,028) Acquisition of businesses, nat of cash acquired 32,630 (139) (496) Divestiture of businesses, not of cash transferred 1,076 (205) Net cash provided by(used in) investing activities (26,936) [4,913) (7,081) Cash flows from financing activities Proceeds from now debt 31,825 6,891 9,643 Payments to settle debt (12,944 (8,53 3) (6,816) Short-tar borrowings/[rapayments) less than 90 days-not (2,597) 1,341 620 Common stock repurchases Common stock repurchases for tax withholdings [1,361) [4,443) 4,340) (272) (171) (193) Financing-other 99 111 175 Cash dividends paid (5,707) (5,666) (5,506 Net cash provided by (used in) financing activities 9,042 (10,469) [6,418) Effect of exchange rate changes on cash, cash equivalents and restricted cash (167 (495) 937 Not change in cash, cash equivalents and restricted cash [3,290) (630) Cash, cash equivalents and restricted cash at January 1 1,161 11,604 8,073 Cash, cash equivalents and restricted cash at December 3 Supplemental data 8,314 $ 11,604 $12,234 Income taxes paid-net of refunds received $ 1,745 Interest paid on debt $ 2,091 $ 1,597 1,685 $ 1,423 1,208 Amounta may not add due to rounding. The accompanying notes are an integral part of the financial at115 Compute the PERCENT OF CHANGE from 2018 to 2019 in Total Liabilities, Total Assets, 116 Total Revenue, and Net Income by completing the following chart. 11? Be sure to indicate if the change is positive or negative. 118 2019 2018 S lIIZhange 96 of Change 119 Total Liabilities 14,526 12,174 2,352 219.82% 120 Total Assets 152,186 123,382 121 Total Revenues 77,141 79,591 2,444 122 123 124 125 126 12? 128 Net Income 9,431 8,728 Prepare a VERTICAL ANALYSIS or commonsize income statement for 2019 for the following items only: Total Revenue, Total Cost, Gross Profit, Total Expense and Other Income, Income from Continuing Operations Before Income Taxes, Provision for Income Taxes, Income from Continuing Operatings, Loss from Discontinued Operations, and Net Income Vertical Analysis 129 Total Revenue 77,141 130 Total Cost 40,659 m 13" Gross prot 36,488 132 Total Expense and Other Income 26,332 133 Income from Cont Ops Before Taxes 10,166 134 Provision for Inoome Taxes 731 135 Income from Continuing Ops 9,435 m 135 Losstain from Disc Operations {4] 13? 138 Net Income 9.431 12.22%

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