8-KEarnings & ResultsExhibits & Filings

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

Filed October 25, 2023For Securities:IBM

Summary

IBM has filed an 8-K report on October 25, 2023, primarily to provide investors with its financial results for the quarter ended September 30, 2023. The report directs investors to an attached press release (Exhibit 99.1) which contains detailed financial statements and discusses both GAAP and non-GAAP financial measures. Management believes these non-GAAP measures offer additional useful insights into the company's performance, and reconciliations between GAAP and non-GAAP figures are provided within the press release itself.

Key Highlights

  • 1IBM filed an 8-K on October 25, 2023, announcing its financial results for the period ending September 30, 2023.
  • 2The core information is contained within the Earnings Release (Exhibit 99.1) attached to the 8-K.
  • 3The company provided both GAAP and non-GAAP financial information in its earnings release.
  • 4IBM states that non-GAAP measures are intended to provide useful information to investors.
  • 5Reconciliations between GAAP and non-GAAP financial measures are available in the earnings release.
  • 6The rationale behind management's use of non-GAAP measures is detailed in a separate exhibit (Exhibit 99.2).

Frequently Asked Questions

The main purpose of this 8-K filing is to officially report IBM's financial results for the quarter ended September 30, 2023, and to provide investors with access to the detailed earnings release.

The detailed financial results, including consolidated financial statements and discussion of performance, are located in the Earnings Release, which is Exhibit 99.1 to this 8-K filing.

No, IBM reports using both Generally Accepted Accounting Principles (GAAP) and certain non-GAAP financial measures in its earnings release. The company believes these non-GAAP measures offer additional useful insights.

The information in Item 2.02, including the earnings release and non-GAAP information, is being furnished to the SEC and is not deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934. However, the reconciliations and rationale are provided as exhibits.