8-KEarnings & ResultsExhibits & Filings

INTERNATIONAL BUSINESS MACHINES CORP 8-K Report, Financial Results (Oct 23, 2024)

Filed October 23, 2024For Securities:IBM

Summary

This 8-K filing by INTERNATIONAL BUSINESS MACHINES CORP (IBM) on October 23, 2024, announces their financial results for the period ended September 30, 2024. The core of the filing is the press release (Exhibit 99.1) which details these results, including both GAAP and non-GAAP financial measures. Investors should note that while the press release provides a deeper dive into performance, the information is being furnished and not deemed 'filed' for certain regulatory purposes. The company emphasizes the utility of non-GAAP information, believing it offers valuable insights to investors, and has provided reconciliations to GAAP measures in Exhibit 99.1 and management's rationale in Exhibit 99.2. Investors are encouraged to review these exhibits for a comprehensive understanding of IBM's financial performance and the methodologies used in their reporting.

Key Highlights

  • 1IBM announced its financial results for the period ended September 30, 2024, via a press release filed on October 23, 2024.
  • 2The filing includes consolidated financial statements for the period ended September 30, 2024.
  • 3IBM has disclosed non-GAAP financial measures alongside GAAP measures in its earnings release.
  • 4Management believes the non-GAAP information provides useful insights to investors.
  • 5Reconciliations of non-GAAP to GAAP financial measures are provided in Exhibit 99.1.
  • 6The rationale for using non-GAAP measures is detailed in Exhibit 99.2.
  • 7Information furnished under Item 2.02, including exhibits, is not deemed '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 IBM's financial results for the period ended September 30, 2024, and to provide the accompanying press release and related financial information to the public.

IBM presents both Generally Accepted Accounting Principles (GAAP) measures and non-GAAP financial measures in its earnings release (Exhibit 99.1). The company believes these non-GAAP measures offer additional useful insights to investors.

The reconciliation of non-GAAP financial measures to the most directly comparable GAAP financial measures is included in Exhibit 99.1, the earnings release itself. Additionally, Exhibit 99.2 provides the rationale behind management's use of these non-GAAP measures.

No, the information in Item 2.02 of this filing, including the press release and related exhibits, is being furnished to the Commission and is not deemed 'filed' for purposes of Section 18 of the Securities Exchange Act of 1934. This distinction is important for legal and regulatory purposes.