8-KEarnings & ResultsRegulation FDExhibits & Filings

INTERNATIONAL BUSINESS MACHINES CORP 8-K Report, Financial Results (Jul 19, 2021)

Filed July 19, 2021For Securities:IBM

Summary

This Form 8-K filing from INTERNATIONAL BUSINESS MACHINES CORP (IBM) dated July 19, 2021, primarily serves to furnish their second-quarter 2021 financial results and related materials to the SEC. The report highlights the release of IBM's earnings press release (Exhibit 99.1), which includes both GAAP and non-GAAP financial information for the period ended June 30, 2021. The company emphasizes that management believes non-GAAP measures offer valuable insights to investors, with reconciliations provided in the press release and further rationale for their use in a separate exhibit (Exhibit 99.2). Additionally, the filing includes the slides from the second-quarter 2021 earnings presentation by Chairman and CEO Arvind Krishna and CFO Jim Kavanaugh (Exhibit 99.3). Investors are directed to IBM's website for ongoing updates and comprehensive financial information. It's important to note that the information furnished under Items 2.02 and 7.01 is not considered 'filed' for the purposes of Section 18 of the Securities Exchange Act of 1934.

Key Highlights

  • 1IBM released its Q2 2021 financial results on July 19, 2021.
  • 2The filing includes the official earnings press release (Exhibit 99.1) with detailed financial information for the period ending June 30, 2021.
  • 3IBM is providing both Generally Accepted Accounting Principles (GAAP) and non-GAAP financial measures.
  • 4Management believes non-GAAP financial information offers useful insights for investors.
  • 5Reconciliations between GAAP and non-GAAP measures are available in the earnings press release.
  • 6The company also furnished the earnings presentation slides (Exhibit 99.3) from its Q2 2021 update.
  • 7Information provided is furnished, not filed, for purposes of Section 18 of the Securities Exchange Act of 1934.

Frequently Asked Questions

The primary purpose of this 8-K filing is to formally submit IBM's financial results for the second quarter of 2021, along with related earnings materials, to the SEC. This includes their earnings press release and presentation slides.

The detailed Q2 2021 financial results, including both GAAP and non-GAAP figures, are located in Exhibit 99.1, which is the earnings press release dated July 19, 2021, attached to this 8-K filing.

IBM provides non-GAAP financial measures because management believes they offer investors additional useful information and insights into the company's operational performance and financial condition, complementing the standard GAAP reporting. Reconciliations to GAAP are provided.

No, the information furnished under Items 2.02 (Results of Operations and Financial Condition) and 7.01 (Regulation FD Disclosure) in this 8-K filing is being furnished, not 'filed' for the purposes of Section 18 of the Securities Exchange Act of 1934. This means it generally does not carry the same legal implications as formally filed information.