| Revenue and Pre-tax Income by Segment |
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|
|
|
Global Services |
|
|
|
|
|
|
|
|
|
|
|
|
Global |
|
Global |
|
|
|
|
|
|
|
|
|
|
|
|
Technology |
|
Business |
|
|
|
Systems and |
|
Global |
|
Total |
|
|
(Dollars in millions) |
|
Services |
|
Services |
|
Software |
|
Technology |
|
Financing |
|
Segments |
|
|
For the three months ended September 30, 2012: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
External revenue |
|
$ |
9,922 |
|
$ |
4,542 |
|
$ |
5,763 |
|
$ |
3,895 |
|
$ |
472 |
|
$ |
24,594 |
|
|
Internal revenue |
|
285 |
|
175 |
|
843 |
|
181 |
|
491 |
|
1,976 |
|
|
Total revenue |
|
$ |
10,206 |
|
$ |
4,717 |
|
$ |
6,606 |
|
$ |
4,076 |
|
$ |
963 |
|
$ |
26,570 |
|
|
Pre-tax income |
|
$ |
1,697 |
|
$ |
738 |
|
$ |
2,355 |
|
$ |
124 |
|
$ |
476 |
|
$ |
5,389 |
|
|
Revenue year-to-year change |
|
(4.1 |
)% |
(6.2 |
)% |
(0.2 |
)% |
(12.8 |
)% |
(3.6 |
)% |
(5.0 |
)% |
|
Pre-tax income year-to-year change |
|
0.1 |
% |
(4.8 |
)% |
6.3 |
% |
(61.1 |
)% |
(1.2 |
)% |
(1.7 |
)% |
|
Pre-tax income margin |
|
16.6 |
% |
15.6 |
% |
35.6 |
% |
3.0 |
% |
49.4 |
% |
20.3 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the three months ended September 30, 2011: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
External revenue |
|
$ |
10,322 |
|
$ |
4,832 |
|
$ |
5,817 |
|
$ |
4,482 |
|
$ |
520 |
|
$ |
25,974 |
|
|
Internal revenue |
|
316 |
|
199 |
|
804 |
|
190 |
|
480 |
|
1,989 |
|
|
Total revenue |
|
$ |
10,638 |
|
$ |
5,031 |
|
$ |
6,621 |
|
$ |
4,672 |
|
$ |
999 |
|
$ |
27,963 |
|
|
Pre-tax income |
|
$ |
1,695 |
|
$ |
775 |
|
$ |
2,214 |
|
$ |
318 |
|
$ |
481 |
|
$ |
5,484 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pre-tax income margin |
|
15.9 |
% |
15.4 |
% |
33.4 |
% |
6.8 |
% |
48.2 |
% |
19.6 |
% |
|
|
|
Global Services |
|
|
|
|
|
|
|
|
|
|
|
|
Global |
|
Global |
|
|
|
|
|
|
|
|
|
|
|
|
Technology |
|
Business |
|
|
|
Systems and |
|
Global |
|
Total |
|
|
(Dollars in millions) |
|
Services |
|
Services |
|
Software |
|
Technology |
|
Financing |
|
Segments |
|
|
For the nine months ended September 30, 2012: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
External revenue |
|
$ |
29,952 |
|
$ |
13,846 |
|
$ |
17,533 |
|
$ |
11,903 |
|
$ |
1,478 |
|
$ |
74,713 |
|
|
Internal revenue |
|
869 |
|
538 |
|
2,459 |
|
491 |
|
1,492 |
|
5,848 |
|
|
Total revenue |
|
$ |
30,821 |
|
$ |
14,384 |
|
$ |
19,992 |
|
$ |
12,394 |
|
$ |
2,970 |
|
$ |
80,561 |
|
|
Pre-tax income |
|
$ |
4,934 |
|
$ |
2,142 |
|
$ |
6,793 |
|
$ |
253 |
|
$ |
1,516 |
|
$ |
15,637 |
|
|
Revenue year-to-year change |
|
(1.8 |
)% |
(4.2 |
)% |
1.4 |
% |
(10.4 |
)% |
(3.5 |
)% |
(3.0 |
)% |
|
Pre-tax income year-to-year change |
|
13.3 |
% |
(1.1 |
)% |
8.5 |
% |
(70.0 |
)% |
1.3 |
% |
3.4 |
% |
|
Pre-tax income margin |
|
16.0 |
% |
14.9 |
% |
34.0 |
% |
2.0 |
% |
51.0 |
% |
19.4 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the nine months ended September 30, 2011: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
External revenue |
|
$ |
30,427 |
|
$ |
14,407 |
|
$ |
17,295 |
|
$ |
13,182 |
|
$ |
1,555 |
|
$ |
76,866 |
|
|
Internal revenue |
|
943 |
|
604 |
|
2,425 |
|
652 |
|
1,524 |
|
6,148 |
|
|
Total revenue |
|
$ |
31,370 |
|
$ |
15,012 |
|
$ |
19,720 |
|
$ |
13,834 |
|
$ |
3,078 |
|
$ |
83,015 |
|
|
Pre-tax income |
|
$ |
4,353 |
|
$ |
2,166 |
|
$ |
6,260 |
|
$ |
843 |
|
$ |
1,497 |
|
$ |
15,118 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pre-tax income margin |
|
13.9 |
% |
14.4 |
% |
31.7 |
% |
6.1 |
% |
48.6 |
% |
18.2 |
% | | | |
|
| Revenue and pre-tax income reconciliations to IBM as Reported |
|
|
(Dollars in millions) |
|
|
|
|
|
|
For the three months ended September 30: |
|
2012 |
|
2011* |
|
|
Revenue: |
|
|
|
|
|
|
Total reportable segments |
|
$ |
26,570 |
|
$ |
27,963 |
|
|
Eliminations of internal transactions |
|
(1,976 |
) |
(1,989 |
) |
|
Other revenue adjustments |
|
154 |
|
182 |
|
|
Total IBM Consolidated |
|
$ |
24,747 |
|
$ |
26,157 |
|
|
|
|
|
|
|
|
|
Pre-tax income: |
|
|
|
|
|
|
Total reportable segments |
|
$ |
5,389 |
|
$ |
5,484 |
|
|
Amortization of acquired intangible assets |
|
(178 |
) |
(158 |
) |
|
Acquisition-related charges |
|
(10 |
) |
(21 |
) |
|
Non-operating retirement-related (costs)/income |
|
(258 |
) |
29 |
|
|
Eliminations of internal transactions |
|
(322 |
) |
(271 |
) |
|
Unallocated corporate amounts |
|
453 |
** |
(35 |
) |
|
Total IBM Consolidated |
|
$ |
5,074 |
|
$ |
5,027 |
|
* Reclassified to conform with 2012 presentation.
** Includes Retail Stores Solutions divestiture gain of $447 million. See Note 9, “Acquisitions/Divestitures,” on page 33 for additional information.
|
(Dollars in millions) |
|
|
|
|
|
|
For the nine months ended September 30: |
|
2012 |
|
2011* |
|
|
Revenue: |
|
|
|
|
|
|
Total reportable segments |
|
$ |
80,561 |
|
$ |
83,015 |
|
|
Eliminations of internal transactions |
|
(5,848 |
) |
(6,148 |
) |
|
Other revenue adjustments |
|
490 |
|
563 |
|
|
Total IBM Consolidated |
|
$ |
75,203 |
|
$ |
77,430 |
|
|
|
|
|
|
|
|
|
Pre-tax income: |
|
|
|
|
|
|
Total reportable segments |
|
$ |
15,637 |
|
$ |
15,118 |
|
|
Amortization of acquired intangible assets |
|
(517 |
) |
(476 |
) |
|
Acquisition-related charges |
|
(24 |
) |
(32 |
) |
|
Non-operating retirement-related (costs)/income |
|
(454 |
) |
37 |
|
|
Eliminations of internal transactions |
|
(949 |
) |
(895 |
) |
|
Unallocated corporate amounts |
|
379 |
** |
(23 |
) |
|
Total IBM Consolidated |
|
$ |
14,071 |
|
$ |
13,729 |
|
* Reclassified to conform with 2012 presentation.
** Includes Retail Stores Solutions divestiture gain of $447 million. See Note 9, “Acquisitions/Divestitures,” on page 33 for additional information. | |
|