8-KEarnings & ResultsExhibits & Filings

INTERNATIONAL BUSINESS MACHINES CORP 8-K Report, Financial Results (Oct 19, 2022)

Filed October 19, 2022For Securities:IBM

Summary

This 8-K filing from IBM, dated October 19, 2022, announces the company's financial results for the period ending September 30, 2022. The report primarily directs investors to an attached press release (Exhibit 99.1) for detailed financial information, including consolidated financial statements. IBM emphasizes the inclusion of non-GAAP financial measures within this press release, which management believes offer valuable insights to investors, alongside GAAP-compliant figures. Reconciliations for these non-GAAP measures are also provided in the press release.

Key Highlights

  • 1IBM filed an 8-K on October 19, 2022, to report on its financial results for the quarter ended September 30, 2022.
  • 2The primary information source for investors is the company's earnings press release (Exhibit 99.1) attached to the filing.
  • 3The press release includes both GAAP and non-GAAP financial measures.
  • 4Management believes non-GAAP measures provide useful information to investors for understanding the company's performance.
  • 5Reconciliations between GAAP and non-GAAP financial measures are available in the press release.
  • 6A separate exhibit (Exhibit 99.2) is provided to explain the rationale behind management's use of non-GAAP measures.
  • 7Information furnished in Item 2.02 is not considered 'filed' for purposes of Section 18 of the Exchange Act, meaning it is primarily for informational purposes and not subject to the same liability standards as filed documents.

Frequently Asked Questions

IBM's financial results for the quarter ending September 30, 2022, are detailed in their earnings press release, filed as Exhibit 99.1 to this 8-K filing dated October 19, 2022.

Yes, the press release (Exhibit 99.1) attached to the 8-K includes both Generally Accepted Accounting Principles (GAAP) financial measures and non-GAAP financial measures, which management believes are useful for investors.

Yes, the press release (Exhibit 99.1) provides reconciliations of the non-GAAP financial measures to the most directly comparable GAAP financial measures. Additionally, Exhibit 99.2 explains the rationale for management's use of these non-GAAP measures.

Information 'furnished' in Item 2.02 of an 8-K, such as this earnings release, is primarily for informational purposes. It is not deemed 'filed' under Section 18 of the Securities Exchange Act of 1934, which means the company generally faces less liability for its content compared to information formally 'filed' with the SEC.