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International Business Machines (IBM) Annual Cash Flow Statement

Annual · GAAP · USD millions
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Reviewing cash flow figures over time highlights how International Business Machines balances operational cash generation with investment and financing decisions.
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Annual Report, GAAP in USD millions
ITEM 		(Dec 31 2025)
12 Months 		(Dec 31 2024) (Dec 31 2023) (Dec 31 2022) (Dec 31 2021)
Operating Activities
Income10,593.00
Depreciation & amortization2,284.00
Amortization of Other Assets2,737.00
Impairments on assets0.00
Restructuring reserve0.00
Provision For Loan Losses Expensed0.00
Increase (Decrease) in Inventories70.00
Other non-cash items0.00
Gain (Loss) on Disposition of Other Assets0.00
Share-based Compensation1,715.00
Equity interest in loss of affiliate0.00
Stock compensation plans0.00
Pension Settlement Charge-
Net Gain Loss On Divestitures Asset Sales And Other-50.00
Income taxes-957.00
Losses/ -gains on investments net0.00
Increase (Decrease) in Receivables-4,278.00
Increase (Decrease) in Accounts Payable624.00
Accrued liabilities0.00
Defined benefit plan0.00
Prepaid expenses0.00
Other Working Capital495.00
Non-current assets & liabilities0.00
Other net0.00
Payments for (Proceeds from) Other Operating Activities-40.00
Discontinued operations0.00
Net Cash flow from Operating Activities13,193.00
Investing Activities
Capital Expenditures-1,091.00
Sale of Capital Items121.00
Short-term investments liq.0.00
Short-term investments acq.0.00
Proceeds from other investments0.00
Non Operating Finance Receivables Net-
Proceeds From Payments For Divestiture Of Businesses Net Of Cash Divested-
Payments To Acquire And Develop Software-647.00
Purchases of other investments0.00
Noncontrolling interest0.00
Proceeds from Investments0.00
Payments for (Proceeds from) Other Investments-391.00
Purchases of non-current assets0.00
Payments to Acquire Businesses, Net of Cash Acquired-8,294.00
Investment in affiliate0.00
Proceeds from Divestiture of Businesses, Net of Cash Divested-1.00
Proceeds from sale of assets0.00
Notes receivable0.00
Other0.00
Other Net1.00
Discontinued operations0.00
Net Cash Flow from Investing Activities-10,302.00
Financing Activities
Short-term debt Net-29.00
Other borrowing transactions0.00
Long-term debt - borrowings8,391.00
Long-term debt - repayments-5,489.00
Noncontrolling interest0.00
Issuances / -repurchases of Comm. Stock710.00
Exercise of stock options0.00
Issuances / -repurchases of Pref. Stock0.00
Discontinued Operations0.00
Other financing activities net0.00
Other net-15,317.00
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents14,160.00
Net Cash Flow Proceeds From Dividend Distribution-
Dividends paid to minority interests0.00
Dividends paid-6,255.00
Net Cash Flow from Financing Activities-3,829.00
Effect of exchange rate on cash flow418.00
Discontinued operations0.00
Free Cash Flow12,223.00
Total Cash Flow-520.00
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About International Business Machines Corp Annual Cash Flow Statement

What this statement shows

This page presents issuer-reported cash flow data, including operating, investing, financing, net, and free cash flow, as disclosed in SEC 10-K filings and normalized by CSIMarket.

Source & verification

  • Form: 10-K (Period: 20251231)
  • Filed with the SEC: February 24, 2026
  • Source: ibm-20251231.htm

Last updated

  • Page updated:
  • Data lineage: SEC filings - XBRL extraction - normalization in the CSIMarket.com database.
  • Accession: 0000051143-26-000010

Figures are derived from filed reports and may be restated. Historical data is subject to revision.

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