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GuruFocus has detected 5 Warning Signs with International Business Machines Corp $IBM.
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International Business Machines Corp (NYSE:IBM)
Pre-Tax Income
$12,331 Mil (TTM As of Dec. 2016)

Pretax income is the income that a company earns before paying income taxes. International Business Machines Corp's pretax income for the three months ended in Dec. 2016 was $4,985 Mil. Its pretax income for the trailing twelve months (TTM) ended in Dec. 2016 was $12,331 Mil. International Business Machines Corp's pretax margin was 22.90%.

During the past 13 years, International Business Machines Corp's highest Pretax Margin was 21.91%. The lowest was 14.67%. And the median was 19.58%.


Definition

This is the income that a company earns before paying income taxes.

International Business Machines Corp's Pretax Income for the fiscal year that ended in Dec. 2016 is calculated as

Pretax Income=Operating Income+Non-Recurring Items+Interest Expense+Interest Income+Other
=13105+-253+-630+108+0
=12,330

International Business Machines Corp's Pretax Income for the quarter that ended in Dec. 2016 is calculated as

Pretax Income=Operating Income+Non-Recurring Items+Interest Expense+Interest Income+Other
=5007+103+-157+32+0
=4,985

International Business Machines Corp Pre-Tax Income for the trailing twelve months (TTM) ended in Dec. 2016 was 1034 (Mar. 2016 ) + 3049 (Jun. 2016 ) + 3263 (Sep. 2016 ) + 4985 (Dec. 2016 ) = $12,331 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Explanation

International Business Machines Corp's Pretax Margin for the quarter that ended in Dec. 2016 is calculated as

Pretax Margin=Pretax Income/Revenue
=4985/21770
=22.90%

During the past 13 years, International Business Machines Corp's highest Pretax Margin was 21.91%. The lowest was 14.67%. And the median was 19.58%.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Related Terms

Operating Income, Interest Expense, Interest Income, Non-Recurring Items, Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

International Business Machines Corp Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
Pretax Income 14,48916,71518,13819,72321,00322,54020,24419,98615,94512,330

International Business Machines Corp Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
Pretax Income 4,3617,0953,0014,2243,6215,0991,0343,0493,2634,985
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