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International Business Machines (IBM) FY2007 results: revenue $98.8 billion

International Business Machines Corp. (IBM) reported revenue of $98.8 billion for fiscal 2007, the year ended 31 December 2007. Net income was $10.4 billion, and diluted earnings per share $7.15. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2010.

Revenue
$98.8 billion
FY2007FY2007
Operating margin
n/a
FY2007FY2007
Net income
$10.4 billion
FY2007FY2007
Diluted EPS
$7.15
FY2007FY2007

this yearthe year beforeHover a bar for its figure.

The year in brief

Income statement (profit and loss)

$ millionFY2007Last 8 years
Revenue98,786
Cost of revenue57,057
Gross profit41,729
Gross margin42.2%
Research and development6,153
Selling, general and administrative22,060
Interest expense611
Pre-tax income14,489
Income tax4,071
Effective tax rate28.1%
Net income10,418
Net margin10.5%
Diluted EPS$7.15
$ million except per share.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ millionFY2007Last 8 years
Operating cash flow16,089
Capital expenditure4,630
Free cash flow11,459
Free cash flow margin11.6%
Depreciation and amortisation5,201
Share-based compensation713
Buybacks18,828
Dividends paid2,147
Diluted shares, weighted1,457m

Balance sheet

$ millionFY2007Last 8 years
Shareholders' equity28,615
Cash and equivalents14,991

10-K for the year ended 31 December 2007, filed 23 February 2010: the filing.