International Business Machines Corporation · NYSE:IBM

International Business Machines — Q4 2019 Earnings Presentation

7 slides from International Business Machines's earnings presentation, Jan 22, 2020

  1. Slide 1: IBM 4Q 2019 Earnings Non-GAAP Supplemental Material

    IBM 4Q 2019 Earnings Non-GAAP Supplemental Material Jan 21, 2020 ibm.com/investor 1

  2. Slide 2: Reconciliation of Operating Earnings Per Share – FY 2020 Expectations

    2 Non-GAAP Supplemental Materials Reconciliation of Operating Earnings Per Share – FY 2020 Expectations Full Year 2020 Expectations GAAP Diluted EPS Operating EPS (Non-GAAP) at least $10.57 at least $13.35 Adjustments Acquisition-Related Charges* Non-Operating Retirement-Related Items Tax Reform Ena

  3. Slide 3: Reconciliation of Revenue Performance - 4Q & FY 2019

    4 Non-GAAP Supplemental Materials Reconciliation of Revenue Performance - 4Q & FY 2019 The above reconciles the Non-GAAP financial information contained in the “Overview”, “Key Financial Metrics”, “Additional Revenue Information” and “4Q19 Prepared Remarks” discussions in the company’s earnings pres

  4. Slide 4: Revenue for Red Hat, Normalized - 4Q 2019

    5 Non-GAAP Supplemental Materials Reconciliation of Revenue for Red Hat, Normalized - 4Q 2019 Three Months Ended Red Hat Revenue, Normalized for Historical Comparability Dec 31 2019 Dec 31 2018 Yr/Yr Yr/Yr@CC Red Hat revenue as reported in IBM consolidated results (1) $573 $ - Add: Red Hat revenue p

  5. Slide 5: Expense Summary - 4Q & FY 2019

    6 Non-GAAP Supplemental Materials Reconciliation of Expense Summary - 4Q & FY 2019 The above reconciles the Non-GAAP financial information contained in the “Expense Summary” discussion in the company’s earnings presentation. See Exhibit 99.2 included in the company’s Form 8-K dated January 21, 2020

  6. Slide 6: Tax Rate - FY 2020 Expectations

    7 Non-GAAP Supplemental Materials Reconciliation of Tax Rate - FY 2020 Expectations Operating (Non-GAAP) Tax Rate Expectation GAAP Full-Year 2020* 3-6% 7-9% *includes estimate of discrete tax events for the year; actual events will be recorded as they occur The above reconciles the Non-GAAP financia

  7. Slide 7: ibm.com/investor

    8 ibm.com/investor

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