IBM (NYSE: IBM) announced fourth-quarter and fullyear 2020 earnings results.
Debt reduced by $3.9 billion since end of third quarter in fourth quarter.
Cash on hand of $14.3 billion; debt reduced by more than $11 billion since closing the Red Hat acquisition in full year 2020.
IBM ended the fourth quarter with $14.3 billion of cash on hand, which includes marketable securities, up $5.3 billion from year-end 2019. Debt, including Global Financing debt of $21.2 billion, totaled $61.5 billion, down $3.9 billion since the end of the third quarter, and down $11.5 billion since closing the Red Hat acquisition.
Source: www.ibm.com
