International Business Machines Corporation · NYSE:IBM
International Business Machines — Q1 2018 Earnings Presentation
8 slides from International Business Machines's earnings presentation, Apr 18, 2018
Slide 1: Reconciliation of Operating Earnings Per Share - 2018 Expectations
Non-GAAP Supplemental Materials Reconciliation of Operating Earnings Per Share 2 2018 Expectations GAAP Diluted EPS at least $11.58 Operating EPS (Non-GAAP) at least $13.80 Adjustments Acquisition-Related Charges* $0.78 Non-Operating Retirement-Related Items $1.32 Tax Reform One-time Charge Adjustme
Slide 2: Reconciliation of Revenue Growth - 1Q 2018 (Geographic)
Non-GAAP Supplemental Materials Reconciliation of Revenue Growth - 1Q 2018 3 1Q18 Yr/Yr GAAP @CC Americas Flat Flat Europe/ME/Africa 14% 1% Asia Pacific 5% Flat U.S. (2%) (2%) Japan 4% (1%) UK 10% (2%) Germany 12% (3%) The above reconciles the Non-GAAP financial information contained in the Geograph
Slide 3: Reconciliation of Revenue Growth - 1Q 2018 (Strategic Imperatives)
Non-GAAP Supplemental Materials Reconciliation of Revenue Growth - 1Q 2018 4 1Q18 Yr/Yr GAAP @CC Strategic Imperatives 15% 10% Analytics 9% 4% Cloud 20% 14% aaS annual run rate 25% 20% Mobile 19% 14% Security 65% 60% Social (18%) (22%) The above reconciles the Non-GAAP financial information containe
Slide 4: Expense Summary Non-GAAP Adjustments
Non-GAAP Supplemental Materials Reconciliation of Expense Summary - 1Q 2018 6 Non-GAAP Adjustments Operating (Non-GAAP) GAAP SG&A Currency (4 pts) 0 pts (4 pts) Acquisitions 0 pts 0 pts 0 pts Base * (4 pts) (1 pts) (5 pts) RD &E Currency (2 pts) 0 pts (2 pts) Acquisitions 0 pts 0 pts 0 pts Base * 8
Slide 5: Free Cash Flow - Last 12 Months
Non-GAAP Supplemental Materials Reconciliation of Free Cash Flow-Last 12 Months 7 12 Months Ended Mar 2018 Net Cash from Operating Activities per GAAP: $17.4 Less: the change in Global Financing (GF) Receivables $0.7 Net Cash from Operating Activities (Excluding GF Receivables) $16.6 Capital Expendi
Slide 6: Free Cash Flow Realization - Last 12 Months
Non-GAAP Supplemental Materials Reconciliation of Free Cash Flow Realization-Last 12 Months 8 LTM Excluding Tax Reform* LTM Free Cash Flow Realization 233% ~120% The above reconciles the Non-GAAP financial information contained in the “Cash Flow and Balance Sheet Highlights” discussions in the compa
Slide 7: Free Cash Flow Realization - Last 12 Months
Non-GAAP Supplemental Materials Reconciliation of Free Cash Flow Realization-Last 12 Months LTM Excluding LTM Tax Reform* Free Cash Flow Realization 233% 120% The above reconciles the Non-GAAP financial information contained in the “Cash Flow and Balance Sheet Highlights” discussions in the company’
Slide 8: ibm.com/investor
ibm.com/investor
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