8-KEarnings & ResultsRegulation FDExhibits & Filings

INTERNATIONAL BUSINESS MACHINES CORP 8-K Report, Financial Results (Apr 16, 2019)

Filed April 16, 2019For Securities:IBM

Summary

This Form 8-K filing from IBM, dated April 16, 2019, announces the company's financial results for the first quarter ended March 31, 2019. The primary focus of the filing is the dissemination of the official earnings release and the accompanying financial presentations. Investors should note that IBM has provided both Generally Accepted Accounting Principles (GAAP) and non-GAAP financial measures in its earnings release (Exhibit 99.1). The company's management believes these non-GAAP figures offer valuable insights into operational performance. A reconciliation of these non-GAAP measures to their GAAP equivalents is included in the earnings release, with the rationale for their use detailed in Exhibit 99.2. The filing also includes slides from the CFO's earnings presentation (Exhibit 99.3), offering further details on the quarter's performance.

Key Highlights

  • 1IBM filed an 8-K on April 16, 2019, to report its Q1 2019 financial results.
  • 2The filing includes the official earnings release for the quarter ended March 31, 2019 (Exhibit 99.1).
  • 3IBM provided both GAAP and non-GAAP financial measures, believing non-GAAP offers useful investor insights.
  • 4A reconciliation of non-GAAP to GAAP financial measures is available in the earnings release.
  • 5The rationale for using non-GAAP financial measures is detailed in a separate exhibit (Exhibit 99.2).
  • 6Slides from the CFO's Q1 2019 earnings presentation are also included as an exhibit (Exhibit 99.3).
  • 7IBM encourages investors to visit its website for ongoing financial and operational information.

Frequently Asked Questions

The main purpose of this 8-K filing is to officially announce and provide IBM's financial results for the first quarter ended March 31, 2019, along with related materials such as the earnings release and presentation slides.

No, IBM provides both Generally Accepted Accounting Principles (GAAP) financial measures and non-GAAP financial measures. The company believes these non-GAAP measures offer additional useful information to investors.

A reconciliation of IBM's non-GAAP financial measures to the most directly comparable GAAP financial measures is included within the earnings release, which is filed as Exhibit 99.1 to this 8-K report.

In addition to the earnings release, the filing includes Exhibit 99.2, which details the rationale behind IBM's use of non-GAAP financial measures, and Exhibit 99.3, which contains the presentation slides from the CFO's first-quarter 2019 earnings presentation.