8-KEarnings & ResultsRegulation FDExhibits & Filings

INTERNATIONAL BUSINESS MACHINES CORP 8-K Report, Financial Results (Jul 18, 2022)

Filed July 18, 2022For Securities:IBM

Summary

This Form 8-K filing by INTERNATIONAL BUSINESS MACHINES CORP (IBM) on July 18, 2022, primarily serves to disclose the company's financial results for the second quarter ended June 30, 2022. Investors can find detailed financial information, including consolidated financial statements and non-GAAP measures, within the furnished earnings release (Exhibit 99.1). The company also provided management's rationale for using non-GAAP financial information (Exhibit 99.2) and presentation slides from the earnings call (Exhibit 99.3). These disclosures are being furnished, not filed, meaning they do not carry the same legal implications as a traditional filing under Section 18 of the Securities Exchange Act of 1934.

Key Highlights

  • 1IBM filed a Form 8-K on July 18, 2022, to report its second-quarter 2022 financial results.
  • 2The filing includes the company's earnings release dated July 18, 2022, containing consolidated financial statements for the period ending June 30, 2022.
  • 3IBM is providing non-GAAP financial information, which management believes offers useful insights to investors.
  • 4Reconciliations between GAAP and non-GAAP financial measures are included in the furnished earnings release (Exhibit 99.1).
  • 5Management's rationale for utilizing non-GAAP measures is detailed in a separate exhibit (Exhibit 99.2).
  • 6Presentation slides from the second-quarter 2022 earnings call are also furnished as an exhibit (Exhibit 99.3).
  • 7Information furnished in this 8-K is not considered 'filed' for purposes of Section 18 of the Securities Exchange Act of 1934.

Frequently Asked Questions

The main purpose of this Form 8-K filing is to officially disclose IBM's financial results for the second quarter of 2022, which ended on June 30, 2022. It includes the earnings release and related materials.

The detailed financial results, including consolidated financial statements and non-GAAP measures, are provided in the earnings release dated July 18, 2022, which is attached as Exhibit 99.1 to this Form 8-K.

IBM is providing non-GAAP financial information because management believes it offers additional useful insights to investors. Reconciliations to GAAP measures and the rationale for their use are included in Exhibits 99.1 and 99.2, respectively.

When information is 'furnished' under Items 2.02 and 7.01, it means it's being provided to the SEC for disclosure but does not carry the same legal liability as 'filed' information under Section 18 of the Securities Exchange Act of 1934. This is a common practice for earnings releases and related materials.