IBM Cash Flow Statement
IBM / Information Technology|15 years of annual SEC 10-K data (FY2011-FY2025)
Covers operating cash flow, capital expenditures, free cash flow, share buybacks, and dividends paid across 15 fiscal years. All figures from audited SEC 10-K filings.
At a glance
Operating Cash Flow
$13.2B
FY2025
Free Cash Flow
$12.1B
FY2025
Capital Expenditures
$1.1B
Cash used for long-term assets
Dividends Paid
$6.3B
FY2025
IBM generated $13.2B in operating cash flow and $12.1B in free cash flow in FY2025. Free cash flow margin was 17.9% of revenue.
Based on SEC 10-K filings.
Key Data Points
- Dividend Aristocrat: 30+ consecutive years of dividend increases
- Altman Z-Score NaN (distress zone, below 1.23 threshold)
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $10.6B | $6.0B | $7.5B | $1.6B | $5.7B | $5.6B | $9.4B | $8.7B | $5.8B | $11.9B | $13.2B | $12.0B | $16.5B | $16.6B | $15.9B |
| Operating Cash Flow | $13.2B | $13.4B | $13.9B | $10.4B | $12.8B | $18.2B | $14.8B | $15.2B | $16.7B | $17.1B | $17.3B | $16.9B | $17.5B | $19.6B | $19.8B |
| Capital Expenditures | $1.1B | $1.0B | $1.2B | $1.3B | $2.1B | $2.6B | $2.3B | $3.4B | $3.2B | $3.6B | $3.6B | $3.7B | $3.6B | $4.1B | $4.1B |
| Free Cash Flow | $12.1B | $12.4B | $12.7B | $9.1B | $10.7B | $15.6B | $12.5B | $11.9B | $13.5B | $13.5B | $13.7B | $13.1B | $13.9B | $15.5B | $15.7B |
| Share Buybacks | - | - | - | - | - | - | $1.4B | $4.4B | $4.3B | $3.5B | $4.6B | $13.7B | $13.9B | $12.0B | $15.0B |
| Dividends Paid | $6.3B | $6.1B | $6.0B | $5.9B | $5.9B | $5.8B | $5.7B | $5.7B | $5.5B | $5.3B | $4.9B | $4.3B | $4.1B | $3.8B | $3.5B |
| FCF Margin | 17.9% | 19.8% | 20.5% | 15.0% | 18.7% | 28.2% | 21.6% | 14.9% | 17.1% | 16.9% | 16.7% | 14.1% | 14.1% | 15.1% | 14.7% |