8-KEarnings & ResultsExhibits & Filings

INTERNATIONAL BUSINESS MACHINES CORP 8-K Report, Financial Results (Jan 25, 2023)

Filed January 25, 2023For Securities:IBM

Summary

International Business Machines Corp. (IBM) filed an 8-K on January 25, 2023, to report its financial results for the period ended December 31, 2022. The primary purpose of this filing is to furnish the company's earnings release, which is included as Exhibit 99.1. This release provides detailed financial results prepared under Generally Accepted Accounting Principles (GAAP). In addition to GAAP figures, IBM has also included non-GAAP financial information in the earnings release, which management believes offers valuable insights to investors. Reconciliations between the GAAP and non-GAAP measures, as well as the rationale behind using non-GAAP metrics, are also provided within the furnished exhibits. Investors should review these materials to gain a comprehensive understanding of IBM's financial performance and the specific metrics management emphasizes.

Key Highlights

  • 1IBM announced its financial results for the period ended December 31, 2022, via an earnings release furnished with the SEC.
  • 2The earnings release (Exhibit 99.1) is the primary document containing the detailed financial results.
  • 3The company provided both GAAP and non-GAAP financial information in its earnings release.
  • 4Management believes that the disclosed non-GAAP information offers useful insights for investors.
  • 5Reconciliations of non-GAAP measures to their comparable GAAP measures are included in the furnished exhibits.
  • 6The rationale for IBM's use of non-GAAP financial measures is explained in a separate exhibit (Exhibit 99.2).
  • 7Information furnished under Item 2.02 is not considered 'filed' for purposes of Section 18 of the Securities Exchange Act of 1934.

Frequently Asked Questions

The main purpose of this 8-K filing is to announce and furnish IBM's financial results for the period ended December 31, 2022, through its press release (Exhibit 99.1).

Yes, IBM's earnings release includes both financial results prepared according to Generally Accepted Accounting Principles (GAAP) and certain non-GAAP financial measures that management believes provide additional useful information to investors.

Reconciliations of IBM's non-GAAP financial measures to the most directly comparable GAAP financial measures are included within the earnings release itself, which is Exhibit 99.1 to this Form 8-K.

The information provided under Item 2.02 of an 8-K, including earnings releases, is typically furnished to the SEC. This means it is provided for public access but is not deemed 'filed' for purposes of Section 18 of the Securities Exchange Act of 1934, which relates to liability for misleading statements in filed reports.