Idea Transcript
IBM, International Business Machines Corp : Thomson Financial Extel Company Report "Pricewaterhousecoopers, Llp"
Update Information Company Status: Last Amended Date: Last Balance Sheet Date:
Active 21-Mar-03 31-Dec-02
Management Directors
Summary Description Global services acctd for 41% of 2001 revs; Hardware, 39%; Software, 15%; Global financing, 4% & Enterprise investments, 1%
Position Chairman, President & Chief Executive Director
Company Identifiers Ticker IBM
Sedol 2005973
Cusip 459200101
ISIN US4592001014
NYSE NYSE BSE CIN MSE PBW PCS MON SP500 DJCOMP FTSPWORLD DJGLOBAL
Indexes:
USD84.9 21-Mar-03 Close USD84.9
52wk High USD104 29-Mar-02
Position Vice President& Secretary
Name Daniel E. O'Donnell
Appointed/Ceased
52wk Low USD55.07 09-Oct-02
USD3.95 27.7
Shares(m) Market Cap(m) 1,690.088 USD143,488.44
International Business Machines Corporation(IBM). The Group's principal activity is to provide customer solutions with the help of advanced information technology. Its operations comprise of three Hardware product segments (Technology, Personal and Enterprise Systems); Global services segment; Software segment; Global Financing segment and an Enterprise Investments segment. The products are licensed under a number of patents that vary in duration. The Group operates in more than 150 countries worldwide. The products are distributed through the Group's global sales and distribution organizations and third-party business partners. In 2002, the Group acquired PricewaterhouseCoopers' (PwC) global business consulting and technology services unit and Tarian Software, as well as, discontinued hard disk drive business. On 21-Feb-2003, it acquired Rational Software Corp. Global services accounted for 45% of 2002 revenues; Hardware, 33%; Software, 16%; Global financing, 5% and Enterprise investments/other, 1%.
Industry Sector Primary
USD0.15 G 10-Mar-03 06-Feb-03
USA COMPUTER SERVICES
SIC Code 7371
Description Computer programming services
7371 7373 3571 6159 3577 3572
Market Data Country Sector
29 Apr 2003 Ceased Retired
Activities
Dividend Data Amount Tax Code Pay Date Ex Date
29 Apr 2003 Ceased Retired
Secretary
Security Data EPS P/E
Appointed/Ceased
Lucio A. Noto John B. Slaughter Sidney Taurel Alex Trotman Charles M. Vest
Security Summary Share price Share price Date Description
Cathleen Black Kenneth I. Chenault Juergen Dormann Nannerl O. Keohane Charles F. Knight Minoru Makihara
Exchange/Index Listing Primary: Exchanges:
Name Samuel J. Palmisano
Group Companies & Subsidiaries Subsidiaries Company
Business Address New Orchard Road Armonk NEW YORK UNITED STATES 10504 Tel: +1 914 499-1900
Web Address http://www.ibm.com
Service Provider Addresses Auditors
Source:Thomson Financial Extel 2002
Country of % Owned Incorporation Controlled Main IBM Credit Corp 100.00% Lotus Development Corp 100.00% Tivoli Systems Inc 100.00% IBM World Trade Corp 100.00% IBM Central and Eastern Europe/Middle 100.00% East/ Africa Inc IBM Plans Management Corp 88.00% IBM World Trade Asia Corp 100.00% IBM World Trade Holding LLC 100.00% WTC Insurance Corp Ltd Bermuda 100.00% IBM Argentina SA Argentina 100.00% IBM Australia Ltd Australia 100.00% IBM Bahamas Ltd Bahamas 100.00% IBM de Bolivia SA Bolivia 100.00% IBM Americas Holding Ltd Bermuda 100.00% IBM Brasil Industria Maquinas e Brazil 100.00% Servicos Ltda Donelly Financial Inc British Virgin 100.00% Islands IBM Foreign Sales Corp Barbados 100.00% Fitzal Capital Inc British Virgin 100.00% Islands IBM Canada Credit Services Co Canada 100.00% IBM Canada Ltd--IBM Canada Limitee Canada 100.00% IBM China Co Ltd China 100.00% IBM China/Hong Kong Ltd Hong Kong 100.00% IBM de Chile SAC Chile 100.00% IBM de Colombia SA Colombia 90.00% IBM Middle East FZE United Arab 100.00% Emirates IBM Middle East FZ-LLC United Arab 100.00% Emirates IBM del Ecuador SA Ecuador 100.00% IBM Global Services India Pvt Ltd India 90.00% IBM India Ltd India 99.00% YK IBM AP Holdings Japan 100.00% IBM Japan Ltd Japan 100.00% IBM Asia Pacific Service Corp Japan 100.00% Display Technologies Inc Japan 100.00% IBM Korea Inc Korea, Republic of 100.00% PT IBM Indonesia Indonesia 100.00% IBM Malaysia Sdn Bhd Malaysia 100.00%
Post Y/E Changes
Page 1
IBM, International Business Machines Corp : Thomson Financial Extel Company Report Financiera de Technologiae Informatica SA de CA Sociedad Financiera del Objecto Limitado Filial Grupo IBM Mexico SA de CV IBM de Mexico SA IBM New Zealand Ltd IBM del Peru SA IBM Philippines Inc IBM Romania Srl IBM Taiwan Corp IBM Thailand Co Ltd IBM del Uruguay SA IBM de Venezuela SA IBM Vietnam Company International Business Machines of Belgium SA IBM Bulgaria Ltd IBM Croatia Ltd/IBM Hrvatska doo IBM Global Services Delivery Center Czech Republic IBM Global Services Delivery Center Czech Republika sro IBM Business Consulting Services sro IBM Eesti Osauhing (IBM Estonia Ou) Compagnie IBM France SA IBM Eurocoordination Tunisian Business Machines (TBM) IBM Europe Middle East Africa IBM International Treasury Services Co IBM Italia SpA IBM Hellas Information Handling Systems SA IBM Israel Ltd Companhia IBM Portuguesa SA IBM (International Business Machines) Turk Ltd Sirketi IBM South Africa (Pty) Group Ltd IBM East Africa Ltd Sabiedriba ar irobezotu IBM Latvija IBM Lietuva IBM Business Consulting Services Ltd IBM BTO Global Holdings BV IBM Business Consulting Services Eastern Europe BV IBM Far East Holdings BV International Information Products (Shenzhen) Co Ltd IBM Holdings BV IBM Global Holdings BV IBM Central Holding GmbH IBM Ceskra Republika spol sro IBM Deutschland GmbH IBM Osterreich Internationale Bueromaschinen Gesellschaft mbH IBM (Schweiz) - IBM (Suisse)- IBM (Svizzera) - IBM (Switzerland) IBM East Europe/Asia IBM Polska Sp zoo International Business Machines Corp Magyarorszagi Kft IBM Eastern Europe Holdings BV IBM Global Services Kft IBM International Holdings BV IBM Ireland Limited IBM Singapore Pte Ltd IBM Storage Products Kft IBM North Region Holdings IBM Nederland NV IBM United Kingdom Holdings Ltd IBM United Kingdom Ltd IBM International Centre for Asset Management NV International Business Machines A/S IBM West Africa Ltd IBM Slovensko spol sro IBM Slovenija doo International Business Machines SA IBM Nordic Aktiebolag IBM Danmark A/S Oy International Business Machines AB IBM Svenska Aktiebolag IBM Business Consulting Services Ltd IBM (International Business Machines) Is Danismanlik Hizmetleri Ltd
Mexico
100.00%
Announced Effective 18-Apr-88
Name SIC Metaphor Computer Systems
06-Sep-90
7372
%shares Value($mil) Seller %owned SIC 0 10 Metaphor Computer Systems 0 7372
Mexico Mexico New Zealand Peru Philippines Romania Taiwan, Republic of China Thailand Uruguay Venezuela Vietnam Belgium
100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
02-Oct-89 12-Jan-90
CADAM Inc(Lockheed Corp) 7373
100 100
100
Lockheed Corp 3721
100.00% 100.00% 100.00% 100.00% 100.00%
10-Jan-90 10-Jan-90
Rational Software Corp 7372
0 0
0
Rational Software Corp 7372
10-Jan-90 10-Jan-90
Valisys Corp(FMC Corp) 7372
0 0
0
FMC Corp 2819
19-Mar-90 19-Mar-90
Aox Inc 3577
0 0
0
Aox Inc 3577
Bulgaria Croatia Czech Republic
100.00% 100.00% 100.00%
02-May-90
Valid Logic Systems Inc
0
12.4
25-Jun-90
7373
0
Valid Logic Systems Inc 7373
Czech Republic Estonia France France Tunisia France Ireland Italy Greece
100.00% 100.00% 100.00% 96.00% 70.00% 100.00%
11-Sep-90 11-Sep-90
Hogan Systems Inc 7372
5 5
0
Hogan Systems Inc 7372
29-Dec-90 29-Dec-90
CSI 7371
0 0
0
CSI 7371
25-Jan-91
Intera Tydac Technologies Inc
0
0
25-Jan-91
5045
0
Intera Information Tech Corp 7374
Israel Portugal Turkey
100.00% 100.00% 98.00%
28-Jan-91
SVG Lithography Systems
6
2.7
28-Jan-91
3559
6
Silicon Valley Group Inc 3674
18-Jun-91 18-Jun-91
Wang Laboratories Inc 3571
South Africa Kenya Latvia Lithuania Lebanon Netherlands Netherlands
100.00% 67.00% 100.00% 100.00% 98.00% 100.00% 100.00%
0 0
25
Wang Laboratories Inc 7372
11-Jul-91
Metaphor Computer Systems
100
100
03-Oct-91
7372
100
Metaphor Computer Systems 7372
24-Jul-91
Industrial Computing Designs
0
0
24-Jul-91
7372
0
Industrial Computing Designs 7372
Netherlands China
100.00% 80.00%
18-Dec-91
Measurex Automation-Software
Netherlands Netherlands Germany Czech Republic Germany Austria
100
0
100.00% 100.00% 100.00% 100.00% 72.00% 100.00%
28-Feb-92
7372
100
Honeywell-Measurex Corp 3823
28-Jan-92 29-Jun-92
Cie des Machines Bull 7374
5.68 5.68
101.012
France 999A
04-Mar-92
Red Shark Technology Corp
0
0
04-Mar-92
7372
0
Red Shark Technology Corp 7372
20-Mar-92 20-Mar-92
DIS 7372
6.3 6.3
0
Republic of Finland 999A
24-Apr-92 24-Apr-92
MT-Computers(Hungary) 3571
0 0
0
Hungary 999A
04-May-92 05-May-92
Sapiens International Corp NV 7372
3.7 2.662
1.997
Century Holdings Inc 6799
07-May-92 07-May-92
Norrell Corp 7363
0 0
0
Norrell Corp 7363
01-Jun-92 02-Jun-92
Parallan Computer Inc 3571
0 0
0
Parallan Computer Inc 3571
16-Sep-92
HomeView Realty Search Svcs
0
0
16-Sep-92
6531
0
HomeView Realty Search Svcs 6531
03-Dec-92
Tadpole Technology PLC
2.7
0.493
27-Jan-93
3577
2.7
Tadpole Technology PLC 3577
23-Dec-92
Worldwide Chain Store Systems
80
0
23-Dec-92
5311
80
Worldwide Chain Store Systems 5311
12-Apr-93 12-Apr-93
Catapult Inc 8243
100 100
0
Catapult Inc 8243
27-Apr-93 27-Apr-93
Object Design Inc 7372
0 0
0
Object Design Inc 7372
21-Oct-93
Isonet Oy-Information Manageme 100
0
21-Oct-93
8742
Helsingin Puhelinyhsistys 3661
22-Dec-93
Information Services Group Ltd
24
24.774
22-Dec-93
7375
24
Information Services Group Ltd 7375
23-Mar-94 23-Mar-94
Sema Group Systems AG 7379
100 100
2.233
Sema Group PLC 7379
12-Sep-94 12-Sep-94
NYNEX DPI(NYNEX Corp) 7371
100 100
10
NYNEX Corp 4813
10.00% 100.00%
Switzerland
100.00%
Russia Poland Hungary
100.00% 100.00% 100.00%
Netherlands Hungary Netherlands Ireland Singapore Hungary United Kingdom Netherlands United Kingdom United Kingdom Netherlands
100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Norway Nigeria Slovak Republic Slovenia Spain Sweden Denmark Finland Sweden United Kingdom Turkey
60.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 98.00% 100.00%
Note: O = Owned; C = Controlled. If neither is indicated then the company has not reported the owned and controlled proportions being different.
Company History Incorporated 16-June-1911 in New York; Registered No 1-2360. The name changed from Computing-Tabulating Recording Co to International Business Machines Corpn in February 1924. Listed on the New York, Chicago and Pacific Stock Exchanges.
Acquisitions
Source:Thomson Financial Extel 2002
100
Page 2
IBM, International Business Machines Corp : Thomson Financial Extel Company Report 15-Nov-94 15-Nov-94
ICTV 5065
0 0
0
06-Jan-95 06-Jan-95
Tiltan Systems Engineering
51
0
7373
51
31-Jan-95 31-Jan-95
Jaerafaella ICC(Atle Foervalt) 3577
14 14
07-Apr-95 07-Apr-95
ICTV 5065
14-Dec-99
3571
Tiltan Systems Engineering 7373
14-Jan-00
Accessible Software Inc
100
11-Feb-00
7372
100
3.999
Atle Foervaltnings AB 6799
11-Jul-00
Aragon Consulting Group
100
11-Jul-00
8748
100
Novosys Oy-Computer Services D 100 7371 100
0
KT Tietokeskus Oy 7379
23-Oct-00 23-Oct-00
OpenOrders Inc 7372
05-May-95
GE Capital Systems Support
100
0
10-Jul-95
7378
100
03-Nov-00 03-Nov-00
05-Jun-95
Lotus Development Corp
100
05-Jul-95
7372
100
01-Sep-95 01-Sep-95
Cie des Machines Bull 7374
1.6 1.6
General Electric Co{GE} 3612
0
Accessible Software Inc 7372
0
Aragon Consulting Group 8748
100 100
0
OpenOrders Inc 7372
EZchip Technologies 3674
5 5
0
EZchip Technologies 3674
Structural Bioinformatics Inc
0
0
Structural Bioinformatics Inc 8731
0
NeTune Communications 4813
3263.774
Lotus Development Corp 7372
29-Nov-00 29-Nov-00
8731
0
0
France 999A
28-Mar-01
NeTune Communications
0
28-Mar-01
4813
0
19-Apr-01 07-Jun-01
Mainspring Inc 7389
100 100
83.68
Mainspring Inc 7389
24-Apr-01 02-Jul-01
Informix Software Inc 7372
100 100
1000
ABB Ltd 3612
30-Oct-01
CrossWorlds Software Inc
100
126.101
14-Jan-02
7372
100
CrossWorlds Software Inc 7372
25-Jun-02 25-Jun-02
Metamerge AS 7372
100 100
0
Metamerge AS 7372
30-Jul-02
PwCC Ltd
100
3500
02-Oct-02
7379
100
PricewaterhouseCoopers LLP 8721
29-Aug-02 29-Aug-02
TrelliSoft Inc 7372
100 100
0
TrelliSoft Inc 7372
12-Sep-02 12-Sep-02
Holosofx Inc 7372
100 100
0
Holosofx Inc 7372
06-Oct-02 31-Dec-02
EADS Matra Datavision 7371
100 100
29.364
EADS NV 3721
04-Nov-02 15-Nov-02
Tarian Software 7372
100 100
0
Tarian Software 7372
06-Dec-02 21-Feb-03
Rational Software Corp 7372
100 100
2091.83
Rational Software Corp 7372
11-Sep-95 15-Dec-95
Early,Cloud & Co 7372
100 100
0
Early,Cloud & Co 7372
31-Jan-96 04-Mar-96
Tivoli Systems Inc 7372
100 100
709.8
Tivoli Systems Inc 7372
22-Feb-96 29-Mar-96
Object Technology Intl 7372
100 100
0
Object Technology Intl 7372
04-Mar-96 01-Apr-96
Data Sciences Ltd 7372
100 100
145.122
Data Sciences Ltd 7372
01-Jun-96
LYD(Lyonnaise des Eaux)
51
0
01-Jun-96
7379
51
Suez Lyonnaise des Eaux SA 4941
13-Aug-96 13-Aug-96
CPM Corp-Target Software Sys 7372
100 100
0
CPM Corp 5045
30-Sep-96
Professional Data Mgmt Assoc
100
0
14-Oct-96
7371
100
Professional Data Mgmt Assoc 7371
13-Nov-96 17-Dec-96
Edmark Corp 7372
100 100
123.801
Edmark Corp 7372
20-Dec-96 20-Dec-96
Elbm(IBM) 3571
49 100
0
IBM Corp 3571
19-Mar-97 16-Apr-97
NetObjects Inc 7372
0 0
0
NetObjects Inc 7372
08-May-97 12-Jun-97
Advantis(IBM,Sears Roebuck) 7373
30 100
450
IBM Corp 3571
11-Feb-98
Commquest Technologies Inc
100
180
31-Mar-98
3663
100
Commquest Technologies Inc 3663
11-Mar-98
General Elec Capital Svcs-Coml
100
0
General Electric Co{GE} 3612
Capital 31 Dec 2002 Share
100
Common Total Authorized SHARES: 4,687.5 M
Par Value (USD) 0.2
11-Mar-98
6141
13-Mar-98
Chem Systems Group Inc
100
27-Mar-00
8742
100
19-May-98 19-May-98
Ubique Ltd 7375
100 100
0
19-May-98 02-Jun-98
Databeam Corp 7372
100 100
0
Databeam Corp 7372
01-Jan-92 IBM Corp 0 Barclays de Zoete Wedd Ltd
08-Jul-98 21-Aug-98
IBM South Africa(IBM SA Group) 0 7375 100
134.526
IT Media Ltd 3571
Dividend Payment Details
27-Oct-98 27-Oct-98
Wallop Software Inc-BUILD-IT 7372
100 100
0
Wallop Software Inc 7372
15-Feb-99 15-Feb-99
Lambda Gestion 8748
100 100
0
Lambda Gestion 8748
09-Mar-99 09-Mar-99
Red Hat Inc 7375
0 0
0
Red Hat Inc 7375
09-Jun-99
Whistle Communications Corp
100
0
23-Jun-99
7375
100
Whistle Communications Corp 7375
12-Jul-99
Sequent Computer Systems Inc
100
808.871
24-Sep-99
3571
100
Sequent Computer Systems Inc 3571
27-Jul-99 29-Sep-99
Mylex Corp 3571
100 100
260.52
Mylex Corp 3571
22-Sep-99 27-Sep-99
DASCOM Inc 7373
100 100
115
DASCOM Inc 7373
14-Dec-99
Mercury Computer-Storage Unit
100
23.5
Mercury Computer
Source:Thomson Financial Extel 2002
Systems Inc 3571
100
0
Chem Systems Group Inc 8742 Ubique Ltd 7375
Issued (USD m) 344.4734
Shares Issued
Mkt Cap (USD m) 1,722.3669 133,483.4344
Capital History Issue Date Issuer Name Bookrunner
Type QTR QTR QTR QTR QTR QTR QTR QTR QTR QTR QTR QTR QTR QTR QTR QTR QTR QTR QTR QTR QTR QTR
Gross(USD) 0.15 0.15 0.15 0.14 0.14 #NA #NA #NA 0.13 0.13 0.13 0.12 0.12 0.12 0.12 0.11 0.11 0.11 0.11 0.1 0.1 0.1
Shares Offered
Offer Price
Type of Security Currency
Net(USD) 0.15 0.15 0.15 0.14 0.14 0.14 0.14 0.13 0.13 0.13 0.13 0.12 0.12 0.12 0.12 0.11 0.11 0.11 0.11 0.1 0.1 0.1
na US
Announced 29-Oct-02 30-Jul-02 30-Apr-02 29-Jan-02 31-Oct-01 31-Jul-01 24-Apr-01 30-Jan-01 31-Oct-00 26-Jul-00 26-Apr-00 25-Jan-00 26-Oct-99 27-Jul-99 27-Apr-99 26-Jan-99 27-Oct-98 29-Jul-98 28-Apr-98 28-Jan-98 29-Oct-97 30-Jul-97
Primary Exchange Market
Amount($m) Amount all Mkts($m) 5 5
U.S. Private
Holders 08-Nov-02 09-Aug-02 10-May-02 08-Feb-02 09-Nov-01 10-Aug-01 10-May-01 09-Feb-01 10-Nov-00 10-Aug-00 10-May-00 10-Feb-00 10-Nov-99 10-Aug-99 10-May-99 10-Feb-99 10-Nov-98 10-Aug-98 08-May-98 10-Feb-98 10-Nov-97 11-Aug-97
XD Date 06-Nov-02 07-Aug-02 08-May-02 06-Feb-02 07-Nov-01 08-Aug-01 08-May-01 07-Feb-01 08-Nov-00 08-Aug-00 08-May-00 08-Feb-00 08-Nov-99 06-Aug-99 06-May-99 08-Feb-99 06-Nov-98 06-Aug-98 06-May-98 06-Feb-98 06-Nov-97 07-Aug-97
Pay Date 10-Dec-02 10-Sep-02 10-Jun-02 09-Mar-02 10-Dec-01 10-Sep-01 09-Jun-01 10-Mar-01 09-Dec-00 09-Sep-00 10-Jun-00 10-Mar-00 10-Dec-99 10-Sep-99 10-Jun-99 10-Mar-99 10-Dec-98 10-Sep-98 10-Jun-98 10-Mar-98 10-Dec-97 10-Sep-97
Page 3
IBM, International Business Machines Corp : Thomson Financial Extel Company Report QTR QTR QTR QTR QTR QTR QTR QTR QTR QTR QTR QTR QTR QTR QTR QTR QTR QTR
0.1 0.0875 0.0875 0.0875 0.0875 0.0625 0.0625 0.0625 0.0625 0.0625 0.0625 0.0625 0.0625 0.0625 0.0625 0.0625 0.135 0.135
0.1 0.0875 0.0875 0.0875 0.0875 0.0625 0.0625 0.0625 0.0625 0.0625 0.0625 0.0625 0.0625 0.0625 0.0625 0.0625 0.135 0.135
29-Apr-97 28-Jan-97 29-Oct-96 31-Jul-96 17-Apr-96 30-Jan-96 30-Oct-95 25-Jul-95 25-Apr-95 31-Jan-95 24-Oct-94 26-Jul-94 25-Apr-94 01-Feb-94 02-Nov-93 27-Jul-93 27-Apr-93 26-Jan-93
09-May-97 10-Feb-97 08-Nov-96 09-Aug-96 10-May-96 09-Feb-96 10-Nov-95 10-Aug-95 10-May-95 10-Feb-95 10-Nov-94 10-Aug-94 11-May-94 10-Feb-94 10-Nov-93 11-Aug-93 12-May-93 10-Feb-93
07-May-97 06-Feb-97 06-Nov-96 07-Aug-96 08-May-96 07-Feb-96 08-Nov-95 08-Aug-95 04-May-95 06-Feb-95 04-Nov-94 04-Aug-94 05-May-94 04-Feb-94 04-Nov-93 05-Aug-93 06-May-93 04-Feb-93
10-Jun-97 10-Mar-97 10-Dec-96 10-Sep-96 10-Jun-96 09-Mar-96 09-Dec-95 09-Sep-95 10-Jun-95 10-Mar-95 10-Dec-94 10-Sep-94 10-Jun-94 10-Mar-94 10-Dec-93 10-Sep-93 10-Jun-93 10-Mar-93
Shareholdings Owner Name Total Holding % Held STATE STR GLOBAL ADVR 106,321,774 6.29 (US) BARCLAYS GBL INVESTORS, 56,824,066 3.36 N.A.
Report Date 31-Dec-02
Filing Type 13F
31-Dec-02
13F
Total Number of Shareholders based on reported filings: 2,293
Borrowings IBM, International Business Machines Corp Loans Issue Date Issuer Name
Description
Maturity Date
Amount($m)
Bookrunner
Currency
IBM Corp JP Morgan
Rev Cred Fac U.S. Dollar
30-May-02
06-May-02 IBM Corp JP Morgan
Rev Cred Fac U.S. Dollar
16-May-03
4000 4000
---Mar-01
Rev Cred Fac U.S. Dollar
31-May-06
8000 12000
---Mar-01
IBM Corp JP Morgan
Amount All Mkts($m) 4000 12000
Issuer Name
Coupon(%) Currency
Bookrunner
Maturity Date
Amount($m)
21-Feb-02
IBM Corp Daiwa Securities SMBC
Coupon Type 0.600 Fixed Rate
05-Mar-02
IBM Corp Morgan Stanley
4.125 Fixed Rate
U.S. Dollar
30-Jun-05
250 250
04-Mar-02
IBM Corp Deutsche Banc Alex Brown
Floats Floating Rate
U.S. Dollar
28-Sep-03
500 500
26-Apr-02
IBM Corp Nikko Salomon Smith Barney
0.400 Fixed Rate
Japanese Yen 10-May-04
782.2 782.2
23-Sep-02
IBM Corp Banc of America Securities LLC
Floats Floating Rate
U.S. Dollar
27-Sep-04
400 400
05-Sep-02
IBM Corp Floats Deutsche Bank Securities Floating Corp Rate
U.S. Dollar
10-Sep-04
1100 1100
05-Sep-02
IBM Corp JP Morgan
4.250 Fixed Rate
U.S. Dollar
15-Sep-09
600 600
20-Nov-02
IBM Corp JP Morgan
4.750 Fixed Rate
U.S. Dollar
29-Nov-12
1400 1400
20-Nov-02
IBM Corp JP Morgan
5.875 Fixed Rate
U.S. Dollar
29-Nov-32
600 600
20-Jun-01
IBM Corp Deutsche Bank AG
6.000 Fixed Rate
British Pound
28-Jun-04
280.112 280.112
20-Jun-01
IBM Corp Deutsche Bank AG
6.125 Fixed Rate
British Pound
28-Jun-06
280.112 280.112
12-Jun-01
IBM Corp Merrill Lynch-Tokyo
0.700 Fixed Rate
Japanese Yen 06-Jun-06
410.75 410.75
20-Sep-01
IBM Corp JP Morgan
4.875 Fixed Rate
U.S. Dollar
01-Oct-06
1500 1500
23-Mar-00
IBM Corp Deutsche Bank AG
5.375 Fixed Rate
EURO
31-Mar-05
960.615 960.615
06-Apr-00
IBM Corp Morgan Stanley Dean Witter
0.900 Fixed Rate
Japanese Yen 14-Apr-03
954.5 954.5
21-Jun-00
IBM Corp ABN AMRO Bank NV
5.500 Fixed Rate
EURO
Japanese Yen 04-Mar-05
Source:Thomson Financial Extel 2002
27-Jun-03
IBM Corp Daiwa SBCM (Japan)
0.620 Fixed Rate
Japanese Yen 21-Jun-02
1308.16 1308.16
01-Aug-00
IBM Corp Morgan Stanley Dean Witter(JP)
1.360 Fixed Rate
Japanese Yen 10-Aug-05
914.5 914.5
18-Sep-00
IBM Corp Merrill Lynch Japan
2.400 Fixed Rate
Japanese Yen 28-Sep-10
467.5 467.5
13-Sep-00
IBM Corp Deutsche Banc Alex Brown
Floats Floating Rate
EURO
26-Sep-02
1073.25 1073.25
12-Sep-00
IBM Corp 4.000 Credit Suisse First Boston Fixed Rate Ltd
Swiss Franc
28-Sep-03
140.174 140.174
27-Nov-00
IBM Corp Nikko Salomon Smith Barney
Japanese Yen 04-Dec-01
1585.5 1585.5
0.700 Fixed Rate
Per Share Data 31 Dec 1998
31 Dec 1999
31 Dec 2000
31 Dec 2001
31 Dec 2002
EARNINGS(USD) Reported Gross Earnings Reported Net Earnings Adjusted Gross Earnings Adjusted Net Earnings
6.75 -
4.25 -
4.58 -
4.45 -
2.32 -
SHARES on which Earnings calculated (m) Basic Ave No Of Shares Fully Diluted Ave No Of Shares Total Dividend(USD) Dividend Cover Net Asset Value(USD)
934.5 0.86 7.848 13.863
1,808.5 0.7 6.071 7.161
1,763.0 1,812.1 0.51 8.98 6.774
1,733.3 1,771.2 0.55 8.09 6.944
1,703.2 1,730.9 0.59 3.932 0.736
Interims PROFIT BEFORE TAX is after (charging) creditingDepreciation/Amortn
(2,434)
(3,655)
(1,167)
(2,701)
(3,782)
NET CREDITS is after (charging) crediting-
IBM, International Business Machines Corp Bonds Launch Date
13-Jun-00
Amount All Mkts($m) 194.35 194.35
953.834 953.834
A/C Policy Decreases
(6)
-
-
-
-
Consolidated Profit and Loss Account - Unaudited
Turnover Cost Of Sales Gross Profit Rep Operating Profit Excpl Charges-Tdg Interest Payable Financial Assets W/O Exceptional Charges Profit Before Tax Tax Profit After Tax Discont Ops Inc Net Extraordinary Losses Net Income Non Equity Dividends Equity Earnings Dividends Retained Profits
30 Jun 2001 US$m 42,612 (26,966) 15,646 0 (130) 5,391 (1,596) 3,795 3,795 (10) 3,785 (10) 3,785
30 Sep 2001 US$m 63,040 (40,003) 23,037 0 (184) 7,653 (2,263) 5,390 5,390 (10) 5,380 (10) 5,380
31 Mar 2002 US$m 18,551 (12,115) 6,436 0 (30) 1,691 (499) 1,192 1,192 1,192 1,192
30 Jun 2002 US$m 37,681 (23,911) 13,770 0 (1,090) (63) (477) 2,408 (679) 1,729 481 (481) 1,248 1,729 -
30 Sep 2002 US$m 57,502 (36,409) 21,093 0 (1,250) (97) (10) (434) 4,812 (1,389) 3,423 (862) 2,561 2,561 -
30 Sep 2001 US$m 16,820 3,715 297 40,309 85,094 13,815 8,162 21,977 21,977 28,561 10,907 17,654 32,876 85,094 7,433 52,218 21,977
31 Mar 2002 US$m 16,629 1,786 3,833 134 37,385 83,056 14,403 8,648 23,051 23,051 24,908 8,243 16,665 30,084 83,056 7,301 52,972 23,051
30 Jun 2002 US$m 14,712 1,729 3,453 114 36,723 84,211 14,475 6,920 21,395 21,395 25,841 9,571 16,270 32,597 84,211 4,126 51,614 21,395
30 Sep 2002 US$m 14,451 1,717 5,216 6 37,316 83,956 14,526 (47,409) 22,092 25,744 7,971 17,773 30,239 83,956 7,077 53,717 22,092
Consolidated Balance Sheets - Unaudited
Tangible Fixed Assets Intang Fixed Assets Cash & Equivalents Trading Investments Current Assets Total Assets Share Capital Reserves Eqty S/Holders Funds Non Eqty S/Holder Fds Shareholders' Funds Debt Short Term Debt Long Term Debt Current Liabilities Total Liabilities Net Current Assets Assets Less Curr Liab Net Assets
30 Jun 2001 US$m 16,611 3,691 89 40,574 83,940 13,914 8,677 22,344 247 22,591 27,306 8,536 18,770 29,949 83,940 10,625 53,991 22,591
Income Statement Consolidated Profit and Loss Account
Page 4
IBM, International Business Machines Corp : Thomson Financial Extel Company Report
REVENUE Cost of sales
31 Dec 1998 US$m 81,667 (50,795)
GROSS PROFIT Administration exps Staff expenses Provisions Other trading exps Exceptional chgs-tdg
30,872
31,929
32,424
31,782
30,284
(14,981) (6,727) -
(12,971) (7,031) -
(13,893) (6,897) -
(15,091) 0 (491) (6,905) -
(14,491) 0 (673) (6,177) (2,147)
TRADING PROFIT Interest/inv income Interest payable Other expenses net Exceptional charges
9,164
11,927
11,634
9,295
6,796
Geographical Analysis
178 (238) 2,292 (574)
127 (145) 1,169 (423)
Geographical Analysis - Turnover by market
PROFIT BEFORE TAX Tax
9,040
11,757
11,534
10,953
7,524
(2,712)
(4,045)
(3,441)
(3,230)
(2,190)
USA Oth non-US countries Japan Other countries
6,328
7,712
8,093
7,723
-
-
-
-
(1,373)
-
-
-
-
(1,373) (382)
PROFIT AFTER TAX Discont ops inc net Net credits Extraordinary losses
31 Dec 1999 US$m 87,548 (55,619)
589 (713) -
557 (727) -
31 Dec 2000 US$m 88,396 (55,972)
310 (717) 307 -
31 Dec 2001 US$m 85,866 (54,084)
31 Dec 2002 US$m 81,186 (50,902)
Misc staff expenses
Auditors remuneration Non-audit fees FA rentals etc Depreciation Goodwill amortisation Amortn of software Net exchange losses Depreciation
6,328 (20) (814)
7,712 (20) (859)
8,093 (20) (909)
7,723 (10) (956)
3,579 (1,005)
RETAINED PROFITS
5,494
6,833
7,164
6,757
2,574
-
-
(342)
(327)
(1,431) (3,958) (517) -
(1,397) (5,733) (426) -
(1,366) (4,513) (482) -
-
(324)
(1,349) (4,195) (262) (198)
(12) (36) (1,377) (3,691) (688) 39
a) Includes other income
5,334
NET INCOME Preferred dividends Common dividends
(331)
31 Dec 1998 US$m 35,303 37,797 8,567 -
31 Dec 1999 US$m 37,171 39,966 10,411 -
31 Dec 2000 US$m 37,216 12,128 39,052
31 Dec 2001 US$m 35,215 11,514 39,137
31 Dec 2002 US$m 32,759 10,939 37,488
81,667
87,548
88,396
85,866
81,186
Geographical Analysis - Profit before tax by source
USA Oth non-US Countries
31 Dec 1998 US$m -
31 Dec 1999 US$m -
31 Dec 2000 US$m -
31 Dec 2001 US$m 5,386 5,567
31 Dec 2002 US$m 3,838 3,686
-
-
-
10,953
7,524
31 Dec 1998 US$m -
31 Dec 1999 US$m -
31 Dec 2000 US$m 21,449 4,319 10,029 -
31 Dec 2001 US$m 23,028 4,034 9,572 -
31 Dec 2002 US$m 27,889 2,814 13,027 52,754
-
-
35,797
36,634
96,484
31 Dec 1998 US$m 35,419 28,916 11,863 2,877 2,592 81,667
31 Dec 1999 US$m 37,041 32,172 12,662 3,137 2,536 87,548
31 Dec 2000 US$m 13,238 16,335 11,964 35,591 13,426 4,444 1,372 (7,974) 88,396
31 Dec 2001 US$m 10,295 12,055 14,453 37,603 13,920 4,243 1,122 (7,825) 85,866
31 Dec 2002 US$m 4,812 11,188 13,305 39,214 14,299 4,142 1,026 (6,697) (103) 81,186
81,667
87,548
88,396
85,866
81,186
31 Dec 1998 US$m -
31 Dec 1999 US$m -
31 Dec 2000 US$m 758 (148) 2,092 4,517 2,793 1,176 (297) 62 581 11,534
31 Dec 2001 US$m (374) (153) 1,830 5,161 3,168 1,143 (317) 108 387 10,953
31 Dec 2002 US$m (1,057) 57 1,561 3,657 3,556 955 (293) (164) (748) 7,524
-
-
11,534
10,953
7,524
31 Dec 1998 US$m 14,821 2,236 2,577 40,109 363
31 Dec 1999 US$m 14,627 2,060 2,527 39,686 408
31 Dec 2000 US$m -
31 Dec 2001 US$m -
31 Dec 2002 US$m -
Geographical Analysis - Total assets Notes To Consolidated Profit and Loss Account 31 Dec 1998 US$m STAFF EXPENSES BY GRADE Staff pensions PROVISIONS Bad debt provisions OTHER TRADING EXPS Marketing exps etc Research, dev & eng
EXCPL CHARGES-TDG Misc excpl chgs-tdg INTEREST/INV INCOME Interest income INTEREST PAYABLE BY TYPE Misc int by type INTEREST PAYABLE BY MATURITY Misc int by maturity Interest capitalised
OTHER EXPENSES NET Misc expenses net EXCEPTIONAL CHARGES Inv prop disp gain FA disposal gain Financial assets w/o Misc exceptional exps
31 Dec 1999 US$m
-
-
-
-
31 Dec 2000 US$m (327) -
31 Dec 2001 US$m -
31 Dec 2002 US$m -
(491)
(673)
(1,681) (5,046)
(1,758) (5,273)
(1,746) (5,151)
(1,615) (5,290)
(1,427) (4,750)
(6,727)
(7,031)
(6,897)
(6,905)
(6,177)
-
-
-
589
557 a
-
178
127
-
-
-
-
(717)
(2,147)
(741) 28
(750) 23
(737) 20
(271) 33
(180) 35
(713)
(727)
(717)
(238)
(145)
-
-
307
-
-
-
2,292 (169) (405) -
1,169 (157) (58) (208)
-
-
-
(574)
(423)
(1,256) 735
(2,031) 420
(805) (333)
(410) (496)
(471) 0
Domestic tax Overseas tax
(521) (2,191)
(1,611) (2,434)
(1,138) (2,303)
(906) (2,324)
(471) (1,719)
(2,712)
(4,045)
(3,441)
(3,230)
(2,190)
(3,318) 606
(4,758) 713
(3,506) 65
(2,572) (658)
(2,257) 67
(2,712)
(4,045)
(3,441)
(3,230)
(2,190)
EXTRAORDINARY LOSSES Xord discont bus cost No of staff at y/e
Hardware technology Hardware personal sys Hardware systems Global services Software Global financing Enterprise investment Eliminations Oth rev & adjustment TURNOVER
Business Analysis - Profit before tax
Hardware technology Hardware personal sys Enterprise systems Global services Software Global financing Enterprise investment Eliminations Misc PBT PROFIT BEFORE TAX
Business Analysis - Net assets -
-
-
-
291,067
307,401
316,303
319,876
(382) 315,889
PROFIT BEFORE TAX is after (charging) crediting STAFF EXPENSES BY GRADE Staff pensions
Business Analysis Business Analysis - Turnover
-
TAX BY COUNTRY Domestic current tax Domestic deferred tax
TAX BY TYPE Current taxation Deferred taxation
USA Japan Other countries Misc total assetsgeog
(331)
Source:Thomson Financial Extel 2002
(342)
-
(376)
-
Hardware Global Services Software Global Financing Enterprise Inv/Other
Page 5
IBM, International Business Machines Corp : Thomson Financial Extel Company Report Liabilities & misc NET ASSETS
(40,673) 19,433
(38,797) 20,511
-
-
-
Misc intang FA amortn
-
-
-
-
599
663
782
963
1,396
6,380
7,344
8,436
11,648
21,514
12,179 32,691 (25,239)
11,421 28,195 (22,026)
10,800 27,655 (21,741)
10,932 27,443 (21,871)
9,815 26,268 (21,643)
19,631
17,590
16,714
16,504
14,440
419
1,552
-
-
-
Investments
419
1,552
1,080
698
1,130
Invs in assoc cos
420
595
629
544
562
Trade investments
420
595
629
544
562
4,586 7,874
5,067 7,981
5,712 7,596
5,424 6,822
5,291 6,505
13,299
15,195
15,017
13,488
13,488
1,088 4,112
1,162 3,706
1,446 3,319
1,259 3,045
960 2,188
5,200
4,868
4,765
4,304
3,148
58 335
42 746
6 153
-
-
393
788
159
63
593
393
788
-
-
-
11,680 4,885 12,848
14,521 5,074 8,759
11,338 3,521 2,709 11,008
10,492 4,809 11,850
13,671 1,302 11,044
29,413
28,354
28,576
27,151
26,017
11,255 2,650
8,425 5,805
7,496 2,709
6,373 4,815
2,315 3,716
13,905
14,230
10,205
11,188
6,031
3,106 5,666 6,471 720
3,613 5,221 9,940 1,212
Misc intang FA, net 19,433
20,511
-
31 Dec 1998 US$m -
31 Dec 1999 US$m -
31 Dec 2000 US$m 9,632 2,442 3,141 10,492 2,488 40,822 246 69,263
-
(12,516)
-
Business Analysis - Total Assets
Hardware technology Hardware personal sys Enterprise systems Global services Software Global financing Enterprise invesment Eliminations Misc total assets TOTAL ASSETS
31 Dec 2001 US$m 9,136 1,904 3,208 10,340 3,356 36,670 106 (4,884) 28,477 88,313
31 Dec 2002 US$m 5,771 1,776 3,124 14,462 3,361 35,242 88 (5,061) 37,721 96,484
Balance Sheet
TANGIBLE ASSETS Property - cost Oth tangible FA-cost Total depreciation Tangible assets FINANCIAL ASSETS Misc investments
Long term receivables Misc financial assets
Consolidated Balance Sheets
FIXED ASSETS Intangible assets Tangible assets Financial assets
MISC ASSETS CURRENT ASSETS Stocks Trade debtors Prepaid exps Accounts receivable Tax recoverable Misc debtors Cash & equivalents Trading investments
CREDS due within 1 yr Short term debt Accruals & defd inc Accounts payable Revenue tax
31 Dec 1998 US$m
31 Dec 1999 US$m
31 Dec 2000 US$m
31 Dec 2001 US$m
31 Dec 2002 US$m
6,380 19,631 13,299
7,344 17,590 15,195
8,436 16,714 15,017
11,648 16,504 13,488
21,514 14,440 13,488
39,310
40,129
40,167
41,640
49,442
4,430
4,211
4,302
4,212
5,390
5,200 25,468 a 4,611 d 1,313 5,375 393
4,868 26,259 a 4,838 d 1,359 5,043 788
4,765 29,152 b 1,966 c 2,701 1,574 3,563 159
4,304 25,757 a 2,344 1,261 2,402 6,330 63
3,148 25,911 a 2,554 1,447 2,617 5,382 593
42,360
43,155
43,880
42,461
41,652
13,905 13,545 6,252 3,125
14,230 14,156 6,400 4,792
10,205 13,182 8,192 4,827
11,188 12,240 7,047 4,644
6,031 15,413 7,630 5,476
36,827
39,578
36,406
35,119
34,550
NET CURRENT ASSETS
5,533
3,577
7,474
7,342
7,102
TOTAL ASSETS LESS CURRENT LIABILITIES
49,273
47,917
51,943
53,194
61,934
CREDS due after 1 yr Long term debt L/T accrls & defd inc Misc other L/T liabs
15,508 12,818
14,124 11,928
18,371 1,266 2,346
15,963 1,145 2,127
19,986 2,138 1,790
PROVISIONS
28,326 1,514
26,052 1,354
21,983 9,336
19,235 10,345
23,914 15,238
NET ASSETS
19,433
20,511
20,624
23,614
22,782
SHARE CAPITAL Share premium Own share premium Inv appreciation res Retained earnings Currency apprecn res Misc reserves
9,658 (133) 51 10,141 860 (1,854)
11,387 (7,361) 847 16,878 314 (2,162)
12,022 (13,774) (78) 23,784 (217) (1,712)
13,865 (20,076) 310 30,142 (612) (360)
14,474 (20,175) (365) 31,555 238 (3,291)
NET ASSETS
19,433
20,511
20,624
23,614
22,782
710
608
599
345
346
Notes To Consolidated Balance Sheets 31 Dec 1998 US$m INTANGIBLE ASSETS Goodwill, gross Goodwill, amortn Goodwill, net
3,056 (2,111)
31 Dec 1999 US$m 3,691 (2,646)
31 Dec 2000 US$m
31 Dec 2001 US$m
31 Dec 2002 US$m
-
-
-
945
1,045
848
1,278
4,115
4,836
5,636
6,806
9,407
16,003
13,115
-
-
-
-
STOCKS Finished gds & resale Misc stocks
TRADING INVESTMENTS BY TYPE Tdg govt securities Tdg debt securities
Market value DEBT BY TYPE Loan capital Commercial paper Current maturities Misc debt
DEBT BY MATURITY Short term loans Current maturities SHORT TERM DEBT Due within 1 to 2 yrs Due within 2 to 5 yrs Due after 5 years Misc debt by maturity
DEBT BY SECURITY Misc debt by backing PROVISIONS Deferred taxation Pension provisions Misc provisions
SHARE CAPITAL Common shares Redeemable prefs Preference shares Treasury stock
COMMITMENTS AND CONTINGENCIES Optg leases - other Lease commitments Misc commits/contings
Misc intang FA, gross
Source:Thomson Financial Extel 2002
2,915 4,382 6,867 (40)
5,405 6,000 7,011 (45)
29,413
28,354
28,576
27,151
26,017
29,413
28,354
28,576
27,151
26,017
1,514 -
1,354 -
1,623 7,713 -
1,593 8,537 215
1,450 13,788 -
1,514
1,354
9,336
10,345
15,238
463 247 -
375 247 (14)
378 247 (26)
383 (38)
384 (38)
710
608
599
345
346
6,642 -
5,890 -
6,262 -
5,734 -
6,085 3,896
31 Dec 1998 US$m 9,273
31 Dec 1999 US$m 10,111
31 Dec 2000 US$m 9,274
31 Dec 2001 US$m 14,265
31 Dec 2002 US$m 13,788
-
-
-
a) Includes notes receivable b) Incls notes receivable c) Incls other current assets d) Includes other current assets
Cash Flow Consolidated Statement of Cash Flows
OPERATIONS Deferred costs, net
5,120 4,283 6,136 (31)
INVESTING ACTIVITIES Subsidiaries acqd
(916)
(3,158)
Page 6
IBM, International Business Machines Corp : Thomson Financial Extel Company Report Invests acquired Tangibles acquired Intangibles acquired Businesses sold Investments sold Tangibles sold
FINANCING S/T debt raised Long term debt raised S/T loans repaid Long term debt repaid Share capital acqd Dividends paid ord Dividends paid pref Dividends paid
OTHER INFLOWS
(4,211) (6,520) (250) 3,945 905
(3,949) (5,959) (464) 4,880 2,616 1,207
(1,079) (5,616) (565) 1,393 1,619
(778) (5,660) (655) 738 1,165
(1,582) (4,753) (597) 1,233 1,185 775
(6,131)
(1,669)
(4,248)
(6,106)
(6,897)
499 7,567 (5,942) (6,283) (834)
276 6,133 (7,510) (6,645) (879)
9,604 (1,400) (7,561) (6,073) (909) (20) -
2,926 4,535 (7,898) (3,906) (956) (10) -
6,726 (4,087) (5,812) (3,087) (1,005) -
(4,993)
(8,625)
(6,359)
(5,309)
(7,265)
-
CASH& EQVTS INCREASE
-
(1,851)
Currency appreciation
120
B/S CASH& EQVT INCR
(1,731)
-
(183)
(1,333)
(149)
(147)
(332)
(1,480)
-
(722)
2,850
(1,096)
(83) 2,767
148 (948)
Notes To Consolidated Statement of Cash Flows 31 Dec 1998 US$m OPERATIONS Net income Depn & amortn incr Other tdg adj incr Asset disposal Decr in inventories Decrease in debtors Increase in creditors Other wkg cap decr
31 Dec 1999 US$m
31 Dec 2000 US$m
31 Dec 2001 US$m
31 Dec 2002 US$m
6,328 4,992 (606) (261) 73 (2,736) 362 1,121
7,712 6,585 (713) (4,791) 301 (1,677) (3) 2,697
8,093 4,995 29 (792) (55) (4,720) 2,245 (521)
7,723 4,820 1,063 (317) 337 3,284 (969) (1,676)
3,579 4,379 3,096 (343) 793 4,125 (55) (1,786)
9,273
10,111
9,274
14,265
13,788
Financial Calendar Date 29-Apr-03
Event Annual General Meeting
Source:Thomson Financial Extel 2002
Page 7