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Nov 24, 2021 · I'm not sure if I've figured the Cost Basis for the Kyndryl shares split off from IBM pre-2011 (non-covered). I created a spreadsheet for IBM share purchase date, Kyndryl shares purchased, Cost basis from adjusted IBM share value for the date. For each IBM share listed I calculated: total cost basis = Kyndryl shares * adjusted IBM share value
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Aug 6, 2022 · So to put it in concrete terms, original cost basis of those IBM shares for me was $28. Applying the calculations from that form 8937, we allocate 95.8% of the cost basis to the IBM shares and 4.2% of the cost basis to the Kyndryl shares. So total cost basis of the 227 IBM shares is $6356. As part of the spinoff, I get 45 shares of Kyndryl ...
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CALCULATOR FOR STOCK SPINOFFS. Press the CTRL key simultaneously with the F5 key to refresh the calculator and make sure you are using the latest version before you enter any data. Enter your data separately for each tax lot (i.e. purchase date): 1. Name of stock received in spinoff. or enter your own data: 2.
- IBM Shareholders Will Become Kyndryl Shareholders
- Kyndryl Will Be A $19 Billion Behemoth in A Massive Industry
- Kyndryl Is Free Cash Flow Positive If You Make Some Adjustments
- IBM Will Be Smaller But Have Higher Margins
- IBM Will Be Focused on The Hybrid Cloud
The plan has always been for IBM to distribute shares of Kyndryl to its shareholders in a tax-free transaction. We now know more about what that transaction will look like. IBM shareholders will receive at least 80.1% of Kyndryl's common stock when the spinoff is complete, with IBM retaining the remaining stake. IBM plans to exchange its stake in K...
Kyndryl is already a major player in the realm of designing, building, managing, and modernizing mission-critical technology systems. The company has 4,000 customers in more than 100 countries, and it generated $19.4 billion of revenue in 2020. Kyndryl estimates that its current addressable market is $415 billion. That market is expected to grow by...
Measuring the profitability of a business that's still part of a larger parent company can be difficult. On an unadjusted basis, Kyndryl produced a pre-tax loss of $1.8 billion and a free cash flow loss of $0.3 billion in 2020. These numbers don't necessarily reflect how Kyndryl will perform once it's officially a stand-alone company. Among other t...
IBM is giving up around $19 billion of annual revenue by spinning off Kyndryl, but it's not giving up all that much free cash flow. IBM reported revenue of $73.6 billion and free cash flow of $10.8 billion in 2020. Excluding Kyndryl, revenue would have been $57.5 billion and free cash flow would have been around $10 billion. IBM will provide more d...
While Kyndryl has a large market opportunity, managed infrastructure services is a labor-intensive business. Kyndryl will have around 90,000 employees, so revenue per employee will be just over $200,000. That's lower than Walmart, for comparison. What remains of IBM will be less focused on low-margin services and more focused on high-margin softwar...
Zep (from Acuity Brands) You can also enter your own data. The calculator also has data for TAXABLE spinoffs, such as those listed below with. the following cost basis per share: Brookfield Infrastructure Partners $20.56. Digimarc Corp (new) $7.56. Nortel (from BCE) (U.S. tax treatment) $117.38. RXi Pharmaceuticals (from CytRx) $8.84.
On an adjusted basis, Kyndryl lost a penny a share; the Street had expected a loss of two pennies. Under generally accepted accounting principles, the company lost $45 million, or 20 cents a share.
Oct 5, 2021 · Kyndryl's gross margin expanded from 11.7% in 2018 to 12.8% in 2019, but declined to 11.4% in 2020 and contracted another 40 basis points year over year to 10.3% in the first half of 2021.
