Does anyone have IBM's cash flow numbers from Q1 and this quarter.
Q1 10Q is at sec.gov
Q2 probably won't show up until August.
INTERNATIONAL BUSINESS MACHINES CORPORATION
AND SUBSIDIARY COMPANIES
CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE THREE MONTHS ENDED MARCH 31,
(UNAUDITED)
(Dollars in millions) 2000 1999*
------- -------
Cash flow from operating activities:
Net income $ 1,519 $ 1,470
Adjustments to reconcile net income to
cash provided from operating activities:
Depreciation 1,125 1,294
Amortization of software 103 110
Gain on disposition of fixed and other assets (242) (120)
Changes in operating assets and liabilities (1,510) (878)
------- -------
Net cash provided from operating activities 995 1,876
------- -------
Cash flow from investing activities:
Payments for plant, rental machines
and other property, net of proceeds (712) (957)
Investment in software (145) (97)
Purchases of marketable securities and other
investments (129) (256)
Proceeds from marketable securities and other
investments 602 349
------- -------
Net cash used in investing activities (384) (961)
------- -------
Cash flow from financing activities:
Proceeds from debt issuance 1,279 2,059
Payments to settle debt (1,151) (1,568)
Short-term borrowings less than 90 days -- net (259) 356
Common stock transactions -- net (1,953) (1,931)
Cash dividends paid (221) (208)
------- -------
Net cash used in financing activities (2,305) (1,292)
------- -------
Effect of exchange rate changes on
cash and cash equivalents (64) (143)
------- -------
Net change in cash and cash equivalents (1,758) (520)
Cash and cash equivalents at January 1 5,043 5,375
------- -------
Cash and cash equivalents at March 31 $ 3,285 $ 4,855
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* Reclassified to conform with 2000 presentation. |
