IBM 2007 Annual Report Download - page 14

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Financial Highlights
International Business Machines Corporation and Subsidiary Companies
12
($ in millions except per share amounts)
FOR THE YEAR: 2007 2006
Revenue $ 98,786 $ 91,424
Income from continuing operations $ 10,418 $ 9,416
(Loss)/income from discontinued operations (00) 76
Net income $ 10,418 $ 9,492
Earnings/(loss) per share of common stock:
Assuming dilution:
Continuing operations $ 7.18 $ 6.06
Discontinued operations (0.00) 0.05
Total $ 7.18 $ 6.11
Basic:
Continuing operations $ 7.32 $ 6.15
Discontinued operations (0.00) 0.05
Total $ 7.32 $ 6.20
Net cash provided by operating activities from continuing operations $ 16,094 $ 15,019
Capital expenditures, net 4,968 4,737
Share repurchase 18,828 8,084
Cash dividends paid on common stock 2,147 1,683
Per share of common stock 1.50 1.10
AT YEAR END: 2007 2006
Cash, cash equivalents and marketable securities $ 16,146 $ 10,657
Total assets 120,431 103,234
Working capital 8,867 4,569
Total debt 35,274 22,682
Stockholders’ equity 28,470 28,506
Common shares outstanding (in millions) 1,385 1,506
Market capitalization $149,744 $146,355
Stock price per common share $ 108.10 $ 97.15
Number of employees in IBM/wholly owned subsidiaries 386,558 355,766