International Business Machines Corporation (IBM) Balance Sheet

	FY25	FY24	FY23	FY22	FY21	FY20	YoY
Assets
Current Assets	$36.9B	$34.5B	$32.9B	$29.1B	$29.5B	$39.2B	+7.1%
Inventories	$1.2B	$1.3B	$1.2B	$1.6B	$1.6B	$1.8B	-5.4%
Trade Receivables	$8.1B	$6.8B	$7.2B	$6.5B	$6.8B	$5.8B	+19.2%
Cash & Equivalents	$13.6B	$13.9B	$13.1B	$7.9B	$6.7B	$13.2B	-2.6%
Property, Plant & Equipment	—	—	—	$5.3B	$5.7B	$6.2B	—
Goodwill	$67.7B	$60.7B	$60.2B	$55.9B	$55.6B	$53.8B	+11.5%
Intangible Assets	$11.4B	$10.7B	$11.0B	$11.2B	$12.5B	$13.7B	+6.9%
Deferred Tax Assets	$8.6B	$7.0B	$6.7B	$6.3B	$7.4B	$8.4B	+23.4%
Total Assets	$151.9B	$137.2B	$135.2B	$127.2B	$132.0B	$156.0B	+10.7%
Liabilities
Current Liabilities	$38.7B	$33.1B	$34.1B	$31.5B	$33.6B	$39.9B	+16.6%
Trade Payables	$4.8B	$4.0B	$4.1B	$4.1B	$4.0B	$4.0B	+18.0%
Deferred Tax Liabilities	$781.0M	$815.0M	$1.1B	$2.3B	$4.0B	$5.0B	-4.2%
Total Liabilities	$119.1B	$109.8B	$112.6B	$105.2B	$113.0B	$135.2B	+8.5%
Equity
Retained Earnings	$155.6B	$151.2B	$151.3B	$149.8B	$154.2B	$162.7B	+3.0%
Minority Interests	$93.0M	$86.0M	$80.0M	$77.0M	$95.0M	$129.0M	+8.1%
Total Equity	$32.7B	$27.4B	$22.6B	$22.0B	$19.0B	$20.7B	+19.5%

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International Business Machines Corporation — Balance Sheet