8-KEarnings & ResultsRegulation FDExhibits & Filings

INTERNATIONAL BUSINESS MACHINES CORP 8-K Report, Financial Results (Jan 22, 2019)

Filed January 22, 2019For Securities:IBM

Summary

This 8-K filing by IBM, dated January 22, 2019, primarily serves to furnish the company's financial results for the fourth quarter and full year ended December 31, 2018. The key takeaway for investors is the release of IBM's earnings press release (Exhibit 99.1) and the accompanying earnings presentation slides (Exhibit 99.3). Investors should note that IBM is providing both GAAP and non-GAAP financial information, with reconciliations for non-GAAP measures included in the press release. The company's management believes these non-GAAP measures offer valuable insights into operational performance. The filing itself does not contain detailed financial figures but directs stakeholders to the attached exhibits for comprehensive financial data and management's commentary on their performance and outlook.

Key Highlights

  • 1IBM filed an 8-K on January 22, 2019, to report its financial results for the period ending December 31, 2018.
  • 2The filing includes IBM's earnings press release (Exhibit 99.1), detailing fourth-quarter and full-year 2018 financial performance.
  • 3Non-GAAP financial information is provided alongside GAAP results, with reconciliations available in the press release.
  • 4Management believes non-GAAP measures offer useful insights to investors regarding financial performance.
  • 5The earnings presentation slides (Exhibit 99.3) for the CFO's fourth-quarter and full-year 2018 earnings call are also attached.
  • 6The company encourages investors to visit its website for ongoing updates and financial information.

Frequently Asked Questions

IBM's Q4 and full-year 2018 financial results are detailed in the company's earnings press release, dated January 22, 2019, which is included as Exhibit 99.1 to this 8-K filing. The earnings presentation slides are available as Exhibit 99.3.

Yes, the filing indicates that IBM has disclosed certain non-GAAP financial information in its press release (Exhibit 99.1) alongside its results prepared in accordance with Generally Accepted Accounting Principles (GAAP). Reconciliations between these measures are also provided.

IBM's management believes that the non-GAAP financial measures provide useful information to investors by offering additional insights into the company's operational performance beyond what is presented under GAAP. The rationale for their use is explained in Exhibit 99.2.

This 8-K filing primarily reports past financial results. For any forward-looking guidance or outlook, investors would need to refer to the details within the earnings press release (Exhibit 99.1) and the earnings presentation slides (Exhibit 99.3), as these materials typically contain management's commentary on future expectations.