8-KEarnings & ResultsRegulation FDExhibits & Filings

INTERNATIONAL BUSINESS MACHINES CORP 8-K Report, Financial Results (Oct 19, 2020)

Filed October 19, 2020For Securities:IBM

Summary

International Business Machines Corporation (IBM) filed an 8-K on October 19, 2020, primarily to report its financial results for the third quarter ended September 30, 2020. The filing incorporates by reference a press release (Exhibit 99.1) containing these results, including consolidated financial statements prepared under Generally Accepted Accounting Principles (GAAP). In addition to GAAP figures, IBM also provided non-GAAP financial information, which management believes offers useful insights to investors. Reconciliations between GAAP and non-GAAP measures, along with the rationale for their use, are included in Exhibits 99.1 and 99.2, respectively. The filing also includes presentation slides from the company's third-quarter earnings call (Exhibit 99.3), featuring remarks from CEO Arvind Krishna and CFO Jim Kavanaugh. Investors are encouraged to review these exhibits for a comprehensive understanding of IBM's performance during the period.

Key Highlights

  • 1IBM announced its third-quarter 2020 financial results on October 19, 2020.
  • 2The 8-K filing includes a press release with the company's official earnings and consolidated financial statements for the period ending September 30, 2020.
  • 3IBM provided both GAAP and non-GAAP financial measures in its earnings release.
  • 4Management believes non-GAAP information offers valuable insights to investors.
  • 5Reconciliations between GAAP and non-GAAP financial measures are available.
  • 6Presentation slides from the Q3 2020 earnings call are included as an exhibit.
  • 7The company directs investors to its website for ongoing financial and investor information.

Frequently Asked Questions

The primary purpose of this 8-K filing is to report IBM's financial results for the third quarter ended September 30, 2020. It includes the official earnings release and financial statements.

Yes, IBM provided non-GAAP financial information alongside its GAAP results. Management believes these non-GAAP measures offer additional useful insights for investors to understand the company's performance.

The detailed financial results are in the Earnings Release (Exhibit 99.1) and the presentation slides are in the Earnings Presentation (Exhibit 99.3), both attached to this 8-K filing. Reconciliations for non-GAAP measures are in Exhibit 99.2.

Exhibit 99.3 contains the presentation slides used by IBM's CEO and CFO during their third-quarter 2020 earnings conference call, offering management's commentary and perspective on the reported results.