International Business Machines Corporation · NYSE:IBM
International Business Machines — Q2 2017 Earnings Presentation
9 slides from International Business Machines's earnings presentation, Jul 19, 2017
Slide 1: Reconciliation of Operating Earnings Per Share
Reconciliation of Operating Earnings Per Share 2 Non-GAAP Supplemental Materials *Includes acquisitions through June 30, 2017 The above reconciles the Non-GAAP financial information contained in the “Summary” discussions in the company’s earnings presentation. See Exhibit 99.2 included in the Compan
Slide 2: Reconciliation of Revenue Growth - 2Q 2017 (Geographic)
Reconciliation of Revenue Growth - 2Q 2017 3 Non-GAAP Supplemental Materials The above reconciles the Non-GAAP financial information contained in the “Geographic Revenue” and “2Q17 Prepared Remarks” discussions in the company’s earnings presentation. See Exhibit 99.2 included in the Company’s Form 8
Slide 3: Reconciliation of Revenue Growth - 2Q 2017 (Strategic Imperatives)
Reconciliation of Revenue Growth - 2Q 2017 4 Non-GAAP Supplemental Materials The above reconciles the Non-GAAP financial information contained in the “A Cognitive Solutions & Cloud Platform Company” discussions in the company’s earnings presentation. See Exhibit 99.2 included in the Company’s Form 8
Slide 4: Reconciliation of Revenue Growth - 2Q 2017 (Segments)
Reconciliation of Revenue Growth - 2Q 2017 5 Non-GAAP Supplemental Materials The above reconciles the Non-GAAP financial information contained in the “Segment Revenue & Gross Profit”, “Additional Revenue & Backlog Information”, “Cognitive Solutions Segment”, “Global Business Services Segment”, “Tech
Slide 5: Expense Summary - 2Q 2017
Reconciliation of Expense Summary - 2Q 2017 6 Non-GAAP Supplemental Materials The above reconciles the Non-GAAP financial information contained in the “Expense Summary” discussions in the company’s earnings presentation. See Exhibit 99.2 included in the Company’s Form 8-K dated July 18, 2017 for add
Slide 6: Software Annuity Reconciliation
Reconciliation of Software Revenue Growth - 2Q 2017 7 Non-GAAP Supplemental Materials The above reconciles the Non-GAAP financial information contained in the “2Q17 Prepared Remarks” discussions in the company’s earnings presentation. See Exhibit 99.2 included in the Company’s Form 8-K dated July 18
Slide 7: Debt-to-Capital Ratio
Reconciliation of Debt-to-Capital Ratio 8 Non-GAAP Supplemental Materials Supplemental Materials The above reconciles the Non-GAAP financial information contained in the “Cash Flow and Balance Sheet Highlights” and “Balance Sheet Summary” discussions in the company’s earnings presentation. See Exhib
Slide 8: Free Cash Flow - Last 12 Months
Reconciliation of Free Cash Flow-Last 12 Months Non-GAAP Supplemental Materials The above reconciles the Non-GAAP financial information contained in the “Overview”, “Key Financial Metrics” and “Cash Flow and Balance Sheet Highlights” discussions in the company’s earnings presentation. See Exhibit 99
Slide 9: Reconciliation of Free Cash Flow - Last 12 Months
Non-GAAP Supplemental Materials Reconciliation of Free Cash Flow-Last 12 Months 12 Months Ended Jun 2017 Net Cash from Operating Activities per GAAP: $15.5 Less: the change in Global Financing (GF) Receivables S14 Net Cash from Operating Activities (Excluding GF Receivables) $14.1 Capital Expenditur
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