International Business Machines Corporation · NYSE:IBM

International Business Machines — Q1 2017 Earnings Presentation

9 slides from International Business Machines's earnings presentation, Apr 19, 2017

  1. Slide 1: Reconciliation of Operating Earnings Per Share

    Reconciliation of Operating Earnings Per Share 2 Non-GAAP Supplemental Materials *Includes acquisitions through March 31, 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 Compa

  2. Slide 2: Reconciliation of Revenue Growth - 1Q 2017 (Geographic)

    Reconciliation of Revenue Growth - 1Q 2017 3 Non-GAAP Supplemental Materials The above reconciles the Non-GAAP financial information contained in the “Geographic Revenue” discussions in the company’s earnings presentation. See Exhibit 99.2 included in the Company’s Form 8-K dated April 18, 2017 for

  3. Slide 3: Reconciliation of Revenue Growth - 1Q 2017 (Strategic Imperatives)

    Reconciliation of Revenue Growth - 1Q 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

  4. Slide 4: Reconciliation of Revenue Growth - 1Q 2017 (Segments)

    Reconciliation of Revenue Growth - 1Q 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

  5. Slide 5: Reconciliation of Expense Summary

    Reconciliation of Expense Summary - 1Q 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 April 18, 2017 for ad

  6. Slide 6: Reconciliation of Debt-to-Capital Ratio

    Reconciliation of Debt-to-Capital Ratio 7 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

  7. Slide 7: Reconciliation of 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

  8. Slide 8: Reconciliation of Free Cash Flow - Last 12 Months

    Non-GAAP Supplemental Materials Reconciliation of Free Cash Flow-Last 12 Months 12 Months Ended Mar 2017 Net Cash from Operating Activities per GAAP: $15.5 Less: the change in Global Financing (GF) Receivables S15 Net Cash from Operating Activities (Excluding GF Receivables) $14.0 Capital Expenditur

  9. Slide 9: ibm.com/investor

    ibm.com/investor

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