IBM said that after investing $1.1 billion in net capital expenditures in 2024, it generated free cash flow of $12.7 billion, an increase of $1.5 billion versus the prior year.

1. 01

   IBM said that after investing $1.1 billion in net capital expenditures in 2024, it generated free cash flow of $12.7 billion, an increase of $1.5 billion versus the prior year.

2. 02

   The company said it returned $6.1 billion in dividends to shareholders in 2024, invested $3.3 billion in acquisitions, and increased its quarterly common stock dividend from $1.66 to $1.67 per share in Q2 2024.

3. 03

   IBM said the Qualified PPP irrevocably transferred to insurers approximately $6 billion of defined benefit pension obligations in September 2024, resulting in a pension settlement charge of $2.7 billion, and IBM Canada LTD irrevocably transferred approximately $1.2 billion in October, resulting in a pension settlement charge of $0.4 billion.

4. 04

   The company said debt levels decreased $1.6 billion as of December 31, 2024 from December 31, 2023, primarily driven by currency and maturities of $6.6 billion, partially offset by proceeds from issuances of $5.7 billion, and it issued $8.4 billion of debt in Q1 2025.

Key figures

Fiscal year ended December 31, 2024

Revenue

$62.8B

Net income

$6.0B

EPS

$6.43

Gross profit

$35.6B

Operating cash flow

$13.4B

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.