IBM Files 8-K on Financials and Operations
Ticker: IBM · Form: 8-K · Filed: Jul 24, 2024 · CIK: 51143
| Field | Detail |
|---|---|
| Company | International Business Machines Corp (IBM) |
| Form Type | 8-K |
| Filed Date | Jul 24, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: financial-results, debt-filing, operations
TL;DR
IBM dropped its 8-K on July 24th, showing financial results and details on its notes due up to 2029.
AI Summary
On July 24, 2024, International Business Machines Corp. (IBM) filed an 8-K report detailing its financial results and condition. The filing includes financial statements and exhibits related to its operations. Specific dollar amounts and dates for financial instruments are listed, such as notes due in various years up to 2029 with differing interest rates.
Why It Matters
This filing provides investors with updated financial information and details on IBM's debt instruments, offering transparency into the company's financial health and obligations.
Risk Assessment
Risk Level: low — This is a routine financial filing (8-K) that reports on results of operations and financial condition, not a material event like an acquisition or major lawsuit.
Key Numbers
- 2024 — Notes Due Year (Maturity date for some of IBM's debt instruments.)
- 2025 — Notes Due Year (Maturity date for some of IBM's debt instruments.)
- 2026 — Notes Due Year (Maturity date for some of IBM's debt instruments.)
- 2027 — Notes Due Year (Maturity date for some of IBM's debt instruments.)
- 2028 — Notes Due Year (Maturity date for some of IBM's debt instruments.)
- 2029 — Notes Due Year (Maturity date for some of IBM's debt instruments.)
Key Players & Entities
- INTERNATIONAL BUSINESS MACHINES CORP (company) — Filer
- IBM (company) — Commonly referred name
- 1 NEW ORCHARD ROAD, ARMONK, NY 10504 (location) — Business Address
- 9144991900 (phone_number) — Business Phone
FAQ
What is the primary purpose of this 8-K filing?
The primary purpose of this 8-K filing is to report on IBM's Results of Operations and Financial Condition, and to include Financial Statements and Exhibits.
When was this 8-K filing submitted?
This 8-K filing was submitted on July 24, 2024.
What types of financial instruments are mentioned in the filing?
The filing mentions various notes with different due dates (e.g., 2024, 2025, 2027, 2029) and interest rates (e.g., 1.125%, 2.875%, 0.950%).
What is IBM's fiscal year end?
IBM's fiscal year ends on December 31.
In which state was IBM incorporated?
IBM was incorporated in New York (NY).
Filing Stats: 872 words · 3 min read · ~3 pages · Grade level 8 · Accepted 2024-07-24 16:14:27
Filing Documents
- ibm-20240724.htm (8-K) — 68KB
- ibm-20240724xex991.htm (EX-99.1) — 557KB
- ibm-20240724xex992.htm (EX-99.2) — 16KB
- 0000051143-24-000033.txt ( ) — 1006KB
- ibm-20240724.xsd (EX-101.SCH) — 8KB
- ibm-20240724_def.xml (EX-101.DEF) — 28KB
- ibm-20240724_lab.xml (EX-101.LAB) — 58KB
- ibm-20240724_pre.xml (EX-101.PRE) — 30KB
- ibm-20240724_htm.xml (XML) — 25KB
02. Results of Operations and Financial Condition
Item 2.02. Results of Operations and Financial Condition. The registrant's press release dated July 24, 2024, regarding its financial results for the period ended June 30, 2024, including consolidated financial statements for the period ended June 30, 2024, is Exhibit 99.1 of this Form 8-K. In an effort to provide investors with additional information regarding the company's results as determined by generally accepted accounting principles (GAAP), the company has disclosed in the attached press release certain non-GAAP information which management believes provides useful information to investors. Reconciliations of these non-GAAP financial measures to the most directly comparable financial measures calculated and presented in accordance with GAAP are included in the press release, which is Exhibit 99.1 to this Form 8-K. The rationale for management's use of non-GAAP measures is included in Exhibit 99.2 to this Form 8-K. The information in this Item 2.02, including the corresponding Exhibits 99.1 and 99.2, is being furnished with the Commission and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits The following exhibits are being furnished as part of this report: Exhibit No. Description of Exhibit 99.1 Earnings Release of the Registrant, dated July 24, 2024 99.2 Non-GAAP Metrics and Other Financial Information The following exhibit is being filed as part of this report: Exhibit No. Description of Exhibit 104 Cover Page Interactive Data File (embedded within the Inline XBRL Document) IBM's web site (www.ibm.com) contains a significant amount of information about IBM, including financial and other information for investors (www.ibm.com/investor/). IBM encourages investors to visit its various web sites from time to time, as information is updated and new information is posted. 2 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized. Date: July 24, 2024 By: /s/ Nicols A. Fehring Nicols A. Fehring Vice President and Controller 3