International Business Machines (IBM) Earnings Report, Financial Results, Financial analysis

International Business Machines Corporation reported in the second quarter of 2023 net earnings per share of $1.72 an increase by 12.42 % year on year from $1.53 and an improvement of 70.3 % from $1.01 realized in I. Quarter (Mar 31 2023).

*second quarter of 2023*
Earnings Per Share	Revenues
$ 1.72	$ 15,475 Mill
$+0.19 +12.42 %	$-60M -0.39 %

International Business Machines's Revenue fell by -0.39 % in second quarter of 2023 (Jun 30 2023) year on year, to $15,475 million and advanced by 8.58 % sequentially.

International Business Machines is Expected to report next financial results on October 24, 2023.

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IBM's NET INCOME

International Business Machines's net income of $1,583.000 million in the second quarter of 2023 increased by 13.72 % from net earnings of $1,392.000 million achieved in II. Quarter a year ago.

Sequentially net earnings grew by 70.77 % from net income of $927.000 million realized in previous quarter.

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International Business Machines Inventories
Inventories declined by -10.87 % to $1,501.00 million from II. Quarter a year ago, sequentially inventories fell by -6.36 %. In Jun 30 2023 company's net cash and cash equivalents decreased by $-111 million, capital expenditures fell by 7.37%, to $-364 millions compare to same quarter a year ago and fell by 21.33% from I. Quarter (Mar 31 2023).

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Earnings quality

International Business Machines Corporation payed out dividend of $6.56 per share in last 52 weeks representing 307.98 % of net earning per share in trailing twelve-month period.

During the same period International Business Machines Corporation earned $ 13.35 cash per share, on a free-cash flow basis 626.9 % of net earning per share.

Book value grew by 2.57 % sequentially to $24.22 per share, 133.38% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ -48.52 per share from $ -49.49.

Company issued 1.70 million shares or 0.19 % in Jun 30 2023.
Interest Coverage Ratio was 2.34. Debt Coverage Ratio was 0.06.

• More on IBM's Dividends

Market Capitalization (Millions)	134,688
Shares Outstanding (Millions)	920
Total Debt (Millions $)	57,476
Revenue (TTM) (Millions $)	60,525
Net Income (TTM) (Millions $)	2,024
Cash Flow (TTM) (Millions $)	2,171
Capital Exp. (TTM) (Millions $)	-1,390
Dividend TTM ($)	6.56 $
Dividend Yield TTM (%)	4.49 %
Employees (TTM) $	307,600

Earnings quality

International Business Machines Corporation payed out dividend of $6.56 per share in the last 52 weeks representing 307.98 % of net earning per share in trailing twelve-month period.

During the same period International Business Machines Corporation had $ 13.35 cash flow per share, on a free-cash flow basis 626.9 % of net earning per share.

Book value grew by 2.57 % sequentially to $24.22 per share, 133.38% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ -48.52 per share from $ -49.49.

Company issued 1.70 million shares or 0.19 % in Jun 30 2023.
Interest Coverage Ratio was 2.34. Debt Coverage Ratio was 0.06.

• More on IBM's Balance Sheets

Market Capitalization (Millions)	134,688
Shares Outstanding (Millions)	920
Total Debt (Millions $)	57,476
Revenue (TTM) (Millions $)	60,525
Net Income (TTM) (Millions $)	2,024
Cash Flow (TTM) (Millions $)	2,171
Capital Exp. (TTM) (Millions $)	-1,390
Dividend TTM ($)	6.56 $
Dividend Yield TTM (%)	4.49 %
Employees (TTM) $	307,600

International Business Machines Corporation

IBM's Financial Statements and Analysis