IBM Discloses Debt Instruments & Common Stock on Jan 24, 2024

Ticker: IBM · Form: 8-K · Filed: 2024-01-25T00:00:00.000Z

Sentiment: neutral

Topics: debt, disclosure, capital-structure

TL;DR

**IBM just updated its debt and stock info, giving a clear look at its financial structure.**

AI Summary

IBM filed an 8-K on January 25, 2024, disclosing various debt instruments and common stock as of January 24, 2024. This filing lists numerous notes and debentures with varying interest rates, such as 1.125% Notes due 2024 and 7.00% Debentures due 2045, traded on the NYSE and CHX. This matters to investors because it provides transparency into IBM's current debt structure, which can impact its financial health, future earnings, and ability to fund operations or return capital to shareholders.

Why It Matters

This filing offers a snapshot of IBM's outstanding debt and equity, crucial for assessing its financial leverage and obligations, which directly influences its risk profile and potential for shareholder returns.

Risk Assessment

Risk Level: low — This filing is a routine disclosure of existing financial instruments and does not indicate new risks or significant changes to IBM's financial position.

Analyst Insight

A smart investor would use this filing to understand IBM's current debt obligations and capital structure, integrating this information into a broader financial analysis to assess the company's long-term solvency and risk profile before making investment decisions.

Key Numbers

1.125% — Interest rate (for Notes due 2024)
7.00% — Interest rate (for Debentures due 2045)
2024-01-24 — Date (as of which the financial instruments are reported)

Key Players & Entities

INTERNATIONAL BUSINESS MACHINES CORP (company) — the filer of the 8-K
NYSE (company) — exchange where IBM's securities are traded
CHX (company) — exchange where IBM's securities are traded
0000051143 (dollar_amount) — Central Index Key (CIK) for IBM

Forward-Looking Statements

IBM will continue to manage its diverse debt portfolio effectively. (INTERNATIONAL BUSINESS MACHINES CORP) — high confidence, target: 2025-01-25

FAQ

What is the purpose of this 8-K filing by IBM?

This 8-K filing by IBM, dated January 25, 2024, serves as a Regulation FD Disclosure and Financial Statements and Exhibits disclosure, providing information on various debt instruments and common stock as of January 24, 2024.

What types of financial instruments are listed in this filing?

The filing lists various types of financial instruments, including 'Common Stock', 'Notes' with different interest rates and maturity dates (e.g., 1.125% Due 2024, 2.875% Due 2025, 0.300% Due 2026, 1.250% Due 2027, 0.300% Due 2028, 1.500% Due 2029, 0.875% Due 2030, 1.750% Due 2031, 0.650% Due 2032, 1.250% Due 2034, 1.200% Due 2040), and 'Debentures' (e.g., 7.00% Due 2025, 6.22% Due 2027, 6.50% Due 2028, 5.875% Due 2032, 7.00% Due 2045).

On which exchanges are IBM's common stock and debt instruments primarily traded, according to the filing?

According to the filing, IBM's common stock and various debt instruments are primarily traded on the New York Stock Exchange (XNYS) and the Chicago Stock Exchange (XCHI).

What is the earliest maturity date for any of the listed debt instruments?

The earliest maturity date for a listed debt instrument is for the 'Notes 1.125 Percent Due 2024', as indicated by 'ibm:Notes1.125PercentDue2024Member'.

What is the latest maturity date for any of the listed debt instruments?

The latest maturity date for a listed debt instrument is for the 'Debentures 7.00 Percent Due 2045', as indicated by 'ibm:Debentures7.00PercentDue2045Member'.

From the Filing

0000051143-24-000007.txt : 20240125 0000051143-24-000007.hdr.sgml : 20240125 20240125161718 ACCESSION NUMBER: 0000051143-24-000007 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 73 CONFORMED PERIOD OF REPORT: 20240124 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240125 DATE AS OF CHANGE: 20240125 FILER: COMPANY DATA: COMPANY CONFORMED NAME: INTERNATIONAL BUSINESS MACHINES CORP CENTRAL INDEX KEY: 0000051143 STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER & OFFICE EQUIPMENT [3570] ORGANIZATION NAME: 06 Technology IRS NUMBER: 130871985 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-02360 FILM NUMBER: 24562370 BUSINESS ADDRESS: STREET 1: 1 NEW ORCHARD ROAD CITY: ARMONK STATE: NY ZIP: 10504 BUSINESS PHONE: 9144991900 MAIL ADDRESS: STREET 1: 1 NEW ORCHARD RD CITY: ARMONK STATE: NY ZIP: 10504 8-K 1 ibm-20240124.htm 8-K ibm-20240124 0000051143 false CHX 0000051143 2024-01-24 2024-01-24 0000051143 us-gaap:CommonStockMember exch:XNYS 2024-01-24 2024-01-24 0000051143 us-gaap:CommonStockMember exch:XCHI 2024-01-24 2024-01-24 0000051143 ibm:Notes1.125PercentDue2024Member exch:XNYS 2024-01-24 2024-01-24 0000051143 ibm:Notes2.875PercentDue2025Member exch:XNYS 2024-01-24 2024-01-24 0000051143 ibm:Notes0.950PercentDue2025Member exch:XNYS 2024-01-24 2024-01-24 0000051143 ibm:Notes0.875PercentDue2025Member exch:XNYS 2024-01-24 2024-01-24 0000051143 ibm:Notes0.300PercentDue2026Member exch:XNYS 2024-01-24 2024-01-24 0000051143 ibm:Notes1.250PercentDue2027Member exch:XNYS 2024-01-24 2024-01-24 0000051143 ibm:A3375NotesDue2027Member exch:XNYS 2024-01-24 2024-01-24 0000051143 ibm:Notes0.300PercentDue2028Member exch:XNYS 2024-01-24 2024-01-24 0000051143 exch:XNYS ibm:Notes1.750PercentDue2028Member 2024-01-24 2024-01-24 0000051143 ibm:Notes1.500PercentDue2029Member exch:XNYS 2024-01-24 2024-01-24 0000051143 ibm:Notes0.875PercentDue2030Member exch:XNYS 2024-01-24 2024-01-24 0000051143 ibm:Notes1.750PercentDue2031Member exch:XNYS 2024-01-24 2024-01-24 0000051143 ibm:A3625NotesDue2031Member exch:XNYS 2024-01-24 2024-01-24 0000051143 ibm:Notes0.650PercentDue2032Member exch:XNYS 2024-01-24 2024-01-24 0000051143 exch:XNYS ibm:Notes1.250PercentDue2034Member 2024-01-24 2024-01-24 0000051143 ibm:A3750NotesDue2035Member exch:XNYS 2024-01-24 2024-01-24 0000051143 ibm:A4875NotesDue2038Member exch:XNYS 2024-01-24 2024-01-24 0000051143 ibm:Notes1.200PercentDue2040Member exch:XNYS 2024-01-24 2024-01-24 0000051143 exch:XNYS ibm:A4000NotesDue2043Member 2024-01-24 2024-01-24 0000051143 ibm:Debentures7.00PercentDue2025Member exch:XNYS 2024-01-24 2024-01-24 0000051143 exch:XNYS ibm:Debentures6.22PercentDue2027Member 2024-01-24 2024-01-24 0000051143 exch:XNYS ibm:Debentures6.50PercentDue2028Member 2024-01-24 2024-01-24 0000051143 ibm:Debentures5.875PercentDue2032Member exch:XNYS 2024-01-24 2024-01-24 0000051143 ibm:Debentures7.00PercentDue2045Member exch:XNYS 2024-01-24 2024-01-24 0000051143 exch:XNYS ibm:Debentures7.125PercentDue2096Member 2024-01-24 2024-01-24 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report: January 24, 2024 (Date of earliest event reported) INTERNATIONAL BUSINESS MACHINES CORPORATION (Exact name of registrant as specified in its charter) New York 1-2360 13-0871985 (State of Incorporation) (Commission File Number) (IRS employer Identification No.) One New Orchard Road Armonk , New York 10504 (Address of principal executive offices) (Zip Code) 914 - 499-1900 (Registrant’s telephone number) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting