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As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 1/29/24 Int’l Business Machines Corp. 424B3 1:554K Toppan Merrill/FA IBM International Capital Pte. Ltd. |
Document/Exhibit Description Pages Size 1: 424B3 Prospectus - New Facts or Events HTML 531K
tm243984-1_424b3 - none - 6.281279s |
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Per Note
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Total
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Price to Public(1)
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Underwriting Discounts and Commissions
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Proceeds to IIC(1)
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Page
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Three Months Ended
December 31, |
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Year Ended
December 31, |
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2022
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2023
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2022(1)
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Income Statement Data: | | | | | | | | | | | | | | | | | | | | | | | | | |
REVENUE BY SEGMENT | | | | | | | | | | | | | | | | | | | | | | | | | |
Software
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| | | $ | 7,514 | | | | | $ | 7,288 | | | | | $ | 26,308 | | | | | $ | 25,037 | | |
Consulting
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| | | | 5,048 | | | | | | 4,770 | | | | | | 19,985 | | | | | | 19,107 | | |
Infrastructure
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| | | | 4,604 | | | | | | 4,483 | | | | | | 14,593 | | | | | | 15,288 | | |
Financing
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| | | | 175 | | | | | | 172 | | | | | | 741 | | | | | | 645 | | |
Other
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| | | | 41 | | | | | | (22) | | | | | | 233 | | | | | | 453 | | |
TOTAL REVENUE
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| | | | 17,381 | | | | | | 16,690 | | | | | | 61,860 | | | | | | 60,530 | | |
GROSS PROFIT
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| | | | 10,267 | | | | | | 9,632 | | | | | | 34,300 | | | | | | 32,687 | | |
GROSS PROFIT MARGIN | | | | | | | | | | | | | | | | | | | | | | | | | |
Software
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| | | | 81.7% | | | | | | 81.2% | | | | | | 80.1% | | | | | | 79.6% | | |
Consulting
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| | | | 27.7% | | | | | | 27.4% | | | | | | 26.6% | | | | | | 25.5% | | |
Infrastructure
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| | | | 60.6% | | | | | | 54.9% | | | | | | 56.0% | | | | | | 52.8% | | |
Financing
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| | | | 50.2% | | | | | | 47.1% | | | | | | 48.1% | | | | | | 38.3% | | |
TOTAL GROSS PROFIT MARGIN
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| | | | 59.1% | | | | | | 57.7% | | | | | | 55.4% | | | | | | 54.0% | | |
EXPENSE AND OTHER INCOME | | | | | | | | | | | | | | | | | | | | | | | | | |
S,G&A
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| | | | 4,791 | | | | | | 4,765 | | | | | | 19,003 | | | | | | 18,609 | | |
R,D&E
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| | | | 1,748 | | | | | | 1,604 | | | | | | 6,775 | | | | | | 6,567 | | |
Intellectual property and custom development income
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| | | | (242) | | | | | | (245) | | | | | | (860) | | | | | | (663) | | |
Other (income) and expense
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| | | | (193) | | | | | | (118) | | | | | | (914) | | | | | | 5,803 | | |
Interest expense
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| | | | 405 | | | | | | 313 | | | | | | 1,607 | | | | | | 1,216 | | |
TOTAL EXPENSE AND OTHER INCOME
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| | | | 6,509 | | | | | | 6,320 | | | | | | 25,610 | | | | | | 31,531 | | |
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES | | | | | 3,759 | | | | | | 3,312 | | | | | | 8,690 | | | | | | 1,156 | | |
Pre-tax margin
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| | | | 21.6% | | | | | | 19.8% | | | | | | 14.0% | | | | | | 1.9% | | |
Provision for/(Benefit from) income taxes
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| | | | 474 | | | | | | 443 | | | | | | 1,176 | | | | | | (626) | | |
Effective tax rate
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| | | | 12.6% | | | | | | 13.4% | | | | | | 13.5% | | | | | | (54.2)% | | |
INCOME FROM CONTINUING OPERATIONS
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| | | $ | 3,285 | | | | | $ | 2,869 | | | | | $ | 7,514 | | | | | $ | 1,783 | | |
DISCONTINUED OPERATIONS | | | | | | | | | | | | | | | | | | | | | | | | | |
Income/(loss) from discontinued operations, net of taxes
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| | | | 3 | | | | | | (159) | | | | | | (12) | | | | | | (143) | | |
NET INCOME
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| | | $ | 3,288 | | | | | $ | 2,711 | | | | | $ | 7,502 | | | | | $ | 1,639 | | |
(Dollars in Millions)
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Balance Sheet Data: | | | | | | | | | | | | | |
Cash and cash equivalents
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| | | $ | 13,068 | | | | | $ | 7,886 | | |
Total Current Assets
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| | | $ | 32,908 | | | | | $ | 29,118 | | |
Total Assets
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| | | $ | 135,241 | | | | | $ | 127,243 | | |
Short-term debt
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| | | $ | 6,426 | | | | | $ | 4,760 | | |
Long-term debt
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| | | $ | 50,121 | | | | | $ | 46,189 | | |
Total Liabilities
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| | | $ | 112,628 | | | | | $ | 105,222 | | |
Total Equity
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| | | $ | 22,613 | | | | | $ | 22,021 | | |
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Three Months Ended
December 31, |
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Year Ended
December 31, |
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(Dollars in Millions)
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2023
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2022
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2023
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2022(1)
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Cash Flow Data: | | | | | | | | | | | | | | | | | | | | | | | | | |
Net Cash Provided by Operating Activities
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| | | $ | 4,463 | | | | | $ | 3,965 | | | | | $ | 13,931 | | | | | $ | 10,435 | | |
Net Cash Provided by/(Used in) Investing Activities
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| | | $ | 2,837 | | | | | $ | (1,318) | | | | | $ | (7,070) | | | | | $ | (4,202) | | |
Net Cash Provided by/(Used in) Financing Activities
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| | | $ | (1,615) | | | | | $ | (2,852) | | | | | $ | (1,769) | | | | | $ | (4,958) | | |
Underwriter
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Principal
Amount of Notes to be Purchased |
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Citigroup Global Markets Singapore Pte. Ltd.
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| | | $ | | | |
Merrill Lynch (Singapore) Pte. Ltd.
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Goldman Sachs (Singapore) Pte.
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The Hongkong and Shanghai Banking Corporation Limited,
Singapore Branch |
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J.P. Morgan Securities Asia Private Limited
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Total
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Paid by IIC
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Per Note
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This ‘424B3’ Filing | Date | Other Filings | ||
---|---|---|---|---|
Filed on: | 1/29/24 | S-3ASR | ||
1/24/24 | 8-K | |||
12/31/23 | ||||
11/17/23 | ||||
12/31/22 | 10-K, 11-K, 4, ARS, SD | |||
7/30/20 | ||||
10/1/18 | 4 | |||
1/1/18 | ||||
2/15/08 | 4 | |||
List all Filings |
As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 12/12/23 Int’l Business Machines Corp. 8-K:5,9 12/12/23 13:700K Toppan Merrill/FA 10/31/23 Int’l Business Machines Corp. 10-Q 9/30/23 114:28M 7/31/23 Int’l Business Machines Corp. 8-K:5,9 7/25/23 12:488K Toppan Merrill/FA 7/25/23 Int’l Business Machines Corp. 10-Q 6/30/23 115:28M 6/16/23 Int’l Business Machines Corp. 8-K:1,2,9 6/15/23 13:492K Toppan Merrill/FA 4/28/23 Int’l Business Machines Corp. 8-K:5 4/25/23 11:499K Toppan Merrill/FA 4/25/23 Int’l Business Machines Corp. 10-Q 3/31/23 112:18M Toppan Merrill Bridge/FA 2/28/23 Int’l Business Machines Corp. 10-K 12/31/22 212:52M Toppan Merrill Bridge/FA 2/03/23 Int’l Business Machines Corp. 8-K:9 1/30/23 23:1.5M Toppan Merrill/FA 2/03/23 Int’l Business Machines Corp. 8-K:5 1/30/23 11:435K Toppan Merrill/FA 1/05/23 Int’l Business Machines Corp. 8-K:5 1/02/23 11:428K Toppan Merrill/FA |