8-KEarnings & ResultsExhibits & Filings

INTERNATIONAL BUSINESS MACHINES CORP 8-K Report, Financial Results (Apr 19, 2023)

Filed April 19, 2023For Securities:IBM

Summary

This 8-K filing from IBM, dated April 19, 2023, primarily serves to announce the company's financial results for the period ending March 31, 2023. The report itself does not contain the detailed financial statements but instead directs investors to an attached press release (Exhibit 99.1) which contains the full consolidated financial statements and the company's performance metrics. Importantly, IBM has included non-GAAP financial information in the press release, which management believes offers valuable insights to investors. Reconciliations between these non-GAAP measures and their GAAP equivalents are provided within the press release. While this information is furnished and not deemed "filed" for certain regulatory purposes, it represents the company's forward-looking communication on its financial condition and operational performance for the quarter.

Key Highlights

  • 1IBM has released its financial results for the quarter ended March 31, 2023.
  • 2The detailed financial results are provided in an earnings release (Exhibit 99.1) accompanying this 8-K filing.
  • 3The company has included non-GAAP financial measures alongside GAAP measures in its earnings release.
  • 4Management believes these non-GAAP measures offer additional useful information to investors.
  • 5Reconciliations between non-GAAP and GAAP financial measures are available in the earnings release.
  • 6The rationale for using non-GAAP measures is detailed in a separate exhibit (Exhibit 99.2).

Frequently Asked Questions

IBM's financial results for the quarter ending March 31, 2023, are detailed in the company's earnings release, which is included as Exhibit 99.1 to this Form 8-K filing.

No, the 8-K filing itself does not contain the full consolidated financial statements. Instead, it refers investors to Exhibit 99.1, the earnings release, which includes these statements.

Non-GAAP financial information are metrics that exclude certain items from the GAAP (Generally Accepted Accounting Principles) figures. IBM is providing these measures because management believes they offer a more meaningful view of the company's ongoing operational performance and provide investors with additional useful insights.

The press release (Exhibit 99.1) that accompanies this 8-K filing includes reconciliations that show how the non-GAAP financial measures relate to the most directly comparable GAAP financial measures. Additionally, Exhibit 99.2 provides the company's rationale for using these non-GAAP measures.