Summary
This Form 8-K filing from IBM, dated January 24, 2022, primarily announces the company's financial results for the fourth quarter and full year ended December 31, 2021. It includes references to a press release (Exhibit 99.1) containing both GAAP and non-GAAP financial information, as well as slides from the earnings presentation (Exhibit 99.3) delivered by IBM's CEO and CFO. Investors should note that the core financial details of the results are contained within the referenced exhibits, which are furnished to the SEC and not deemed 'filed'. The filing serves as a notification and provides access to these more detailed financial disclosures and management commentary regarding the company's performance.
Key Highlights
- 1IBM filed an 8-K on January 24, 2022, to report its financial results for the periods ending December 31, 2021.
- 2The filing includes a press release (Exhibit 99.1) with the company's financial results, detailing both GAAP and non-GAAP measures.
- 3Management believes that the disclosed non-GAAP financial information provides useful insights to investors, with reconciliations to GAAP measures included in the press release.
- 4An explanation of management's rationale for using non-GAAP measures is provided in a separate exhibit (Exhibit 99.2).
- 5Presentation slides from the fourth-quarter and full-year 2021 earnings call, featuring commentary from the CEO and CFO, are also included as Exhibit 99.3.
- 6The information furnished in Items 2.02 and 7.01, including the exhibits, is not considered 'filed' for the purposes of Section 18 of the Securities Exchange Act of 1934.
- 7IBM directs investors to its website (www.ibm.com/investor/) for ongoing updates and financial information.
Frequently Asked Questions
The main purpose of this Form 8-K filing is to announce and provide access to IBM's financial results for the fourth quarter and full year ended December 31, 2021. It includes references to accompanying press releases and presentation slides that contain the detailed financial information and management commentary.
The actual financial results, including both GAAP and non-GAAP measures, are contained within the press release filed as Exhibit 99.1 to this Form 8-K. The presentation slides from the earnings call are available as Exhibit 99.3.
This specific 8-K filing primarily serves to announce past financial results. While the accompanying press release and presentation slides (Exhibits 99.1 and 99.3) may contain forward-looking statements as part of the company's earnings disclosure, the 8-K itself focuses on reporting these results and related materials.
When information is 'furnished' under Items 2.02 and 7.01, it means the company is providing it to the SEC for transparency and investor access, but it does not carry the same legal implications or liabilities under Section 18 of the Securities Exchange Act of 1934 as information that is formally 'filed' with the SEC.