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As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 2/04/22 Int’l Business Machines Corp. 424B5 2:684K Toppan Merrill/FA |
Document/Exhibit Description Pages Size 1: 424B5 Prospectus - Primary Offering or Shelf Securities HTML 360K - New Facts or Events 2: EX-FILING FEES Filing Fees HTML 33K
tm224841-3_424b5 - none - 7.8125417s |
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Per 2030 Note
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Total
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Per 2034 Note
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Total
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Price to Public(1)
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| | | | 99.203% | | | | | € | 992,030,000 | | | | | | 99.162% | | | | | € | 991,620,000 | | |
Underwriting Discounts and Commissions
|
| | | | 0.325% | | | | | € | 3,250,000 | | | | | | 0.425% | | | | | € | 4,250,000 | | |
Proceeds to Company
|
| | | | 98.878% | | | | | € | 988,780,000 | | | | | | 98.737% | | | | | € | 987,370,000 | | |
| Barclays | | |
BofA Securities
|
| |
Citigroup
|
|
| HSBC | | |
Mizuho Securities
|
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SMBC Nikko
|
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| ING | | |
RBC Capital Markets
|
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US Bancorp
|
|
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Blaylock Van, LLC
|
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Stern
|
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| | | | | S-4 | | | |
| | | | | S-5 | | | |
| | | | | S-6 | | | |
| | | | | S-9 | | | |
| | | | | S-10 | | | |
| | | | | S-20 | | | |
| | | | | S-25 | | | |
| | | | | S-27 | | | |
| | | | | S-29 | | | |
| | | | | S-29 | | |
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Three Months Ended
December 31, |
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Year Ended
December 31, |
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2020
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2021
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2020
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Income Statement Data: | | | | | | | | | | | | | | | | | | | | | | | | | |
REVENUE | | | | | | | | | | | | | | | | | | | | | | | | | |
Software
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| | | $ | 7,273 | | | | | $ | 6,719 | | | | | $ | 24,141 | | | | | $ | 22,927 | | |
Consulting
|
| | | | 4,746 | | | | | | 4,196 | | | | | | 17,844 | | | | | | 16,257 | | |
Infrastructure
|
| | | | 4,414 | | | | | | 4,425 | | | | | | 14,188 | | | | | | 14,533 | | |
Financing
|
| | | | 172 | | | | | | 244 | | | | | | 774 | | | | | | 975 | | |
Other
|
| | | | 89 | | | | | | 98 | | | | | | 404 | | | | | | 488 | | |
TOTAL REVENUE
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| | | | 16,695 | | | | | | 15,682 | | | | | | 57,350 | | | | | | 55,179 | | |
GROSS PROFIT
|
| | | | 9,500 | | | | | | 9,238 | | | | | | 31,486 | | | | | | 30,865 | | |
GROSS PROFIT MARGIN | | | | | | | | | | | | | | | | | | | | | | | | | |
Software
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| | | | 80.9% | | | | | | 80.5% | | | | | | 78.8% | | | | | | 78.3% | | |
Consulting
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| | | | 27.0% | | | | | | 29.7% | | | | | | 28.0% | | | | | | 29.3% | | |
Infrastructure
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| | | | 54.8% | | | | | | 60.1% | | | | | | 55.3% | | | | | | 57.5% | | |
Financing
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| | | | 32.5% | | | | | | 36.0% | | | | | | 31.7% | | | | | | 41.6% | | |
TOTAL GROSS PROFIT MARGIN
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| | | | 56.9% | | | | | | 58.9% | | | | | | 54.9% | | | | | | 55.9% | | |
EXPENSE AND OTHER INCOME | | | | | | | | | | | | | | | | | | | | | | | | | |
S,G&A
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| | | | 4,903 | | | | | | 6,256 | | | | | | 18,745 | | | | | | 20,561 | | |
R,D&E
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| | | | 1,625 | | | | | | 1,592 | | | | | | 6,488 | | | | | | 6,262 | | |
Intellectual property and custom development income
|
| | | | (181) | | | | | | (171) | | | | | | (612) | | | | | | (620) | | |
Other (income) and expense
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| | | | (18) | | | | | | 230 | | | | | | 873 | | | | | | 802 | | |
Interest expense
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| | | | 303 | | | | | | 317 | | | | | | 1,155 | | | | | | 1,288 | | |
TOTAL EXPENSE AND OTHER INCOME
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| | | | 6,632 | | | | | | 8,224 | | | | | | 26,649 | | | | | | 28,293 | | |
INCOME/(LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES
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| | | | 2,869 | | | | | | 1,014 | | | | | | 4,837 | | | | | | 2,572 | | |
Pre-tax margin
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| | | | 17.2% | | | | | | 6.5% | | | | | | 8.4% | | | | | | 4.7% | | |
Provision for/(Benefit from) income taxes
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| | | | 407 | | | | | | (175) | | | | | | 124 | | | | | | (1,360) | | |
Effective tax rate
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| | | | 14.2% | | | | | | (17.3)% | | | | | | 2.6% | | | | | | (52.9)% | | |
INCOME FROM CONTINUING OPERATIONS
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| | | $ | 2,462 | | | | | $ | 1,190 | | | | | $ | 4,712 | | | | | $ | 3,932 | | |
DISCONTINUED OPERATIONS | | | | | | | | | | | | | | | | | | | | | | | | | |
Income/(Loss) from discontinued operations, net of taxes
|
| | | | (129) | | | | | | 166 | | | | | | 1,030 | | | | | | 1,658 | | |
NET INCOME
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| | | $ | 2,332 | | | | | $ | 1,356 | | | | | $ | 5,743 | | | | | $ | 5,590 | | |
(Dollars in Millions)
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Balance Sheet Data: | | | | | | | | | | | | | |
Cash and cash equivalents
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| | | $ | 6,650 | | | | | $ | 13,188 | | |
Total Current Assets
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| | | $ | 29,539 | | | | | $ | 39,165* | | |
Total Assets
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| | | $ | 132,001 | | | | | $ | 155,971* | | |
Short-term debt
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| | | $ | 6,787 | | | | | $ | 7,116 | | |
Long-term debt
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| | | $ | 44,917 | | | | | $ | 54,217 | | |
Total Liabilities
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| | | $ | 113,005 | | | | | $ | 135,244* | | |
Total Equity
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| | | $ | 18,996 | | | | | $ | 20,727 | | |
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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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2021*
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2020*
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2021*
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2020*
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Cash Flow Data: | | | | | | | | | | | | | | | | | | | | | | | | | |
Net Cash Provided by Operating Activities
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| | | $ | 2,543 | | | | | $ | 5,859 | | | | | $ | 12,796 | | | | | $ | 18,197 | | |
Net Cash Used in Investing Activities
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| | | $ | (675) | | | | | $ | (558) | | | | | $ | (5,975) | | | | | $ | (3,028) | | |
Net Cash Used in Financing Activities
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| | | $ | (2,692) | | | | | $ | (6,293) | | | | | $ | (13,354) | | | | | $ | (9,721) | | |
Underwriter
|
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Principal Amount
of 2030 Notes |
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Principal Amount
of 2034 Notes |
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Barclays Bank PLC
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| | | € | 150,000,000 | | | | | € | 150,000,000 | | |
Citigroup Global Markets Limited
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| | | | 150,000,000 | | | | | | 150,000,000 | | |
HSBC Bank plc
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| | | | 150,000,000 | | | | | | 150,000,000 | | |
Merrill Lynch International
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| | | | 150,000,000 | | | | | | 150,000,000 | | |
Mizuho International plc
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| | | | 150,000,000 | | | | | | 150,000,000 | | |
SMBC Nikko Capital Markets Limited
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| | | | 150,000,000 | | | | | | 150,000,000 | | |
ING Bank N.V., Belgian Branch
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| | | | 30,000,000 | | | | | | 30,000,000 | | |
RBC Europe Limited
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| | | | 30,000,000 | | | | | | 30,000,000 | | |
U.S. Bancorp Investments, Inc.
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| | | | 30,000,000 | | | | | | 30,000,000 | | |
Blaylock Van, LLC
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| | | | 5,000,000 | | | | | | 5,000,000 | | |
Stern Brothers & Co
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| | | | 5,000,000 | | | | | | 5,000,000 | | |
Total
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| | | € | 1,000,000,000 | | | | | € | 1,000,000,000 | | |
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Paid by IBM
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Per 2030 Note
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| | | | 0.325% | | |
Per 2034 Note
|
| | | | 0.425% | | |
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This ‘424B5’ Filing | Date | Other Filings | ||
---|---|---|---|---|
2/9/34 | ||||
11/9/33 | ||||
2/9/30 | ||||
11/9/29 | ||||
2/9/23 | ||||
2/9/22 | ||||
Filed on: | 2/4/22 | 424B5, 8-K | ||
2/2/22 | 424B3, 8-K, FWP | |||
1/24/22 | 8-K | |||
12/31/21 | 10-K, 11-K, 3, 4, SD | |||
11/3/21 | 4, 8-K | |||
12/31/20 | 10-K, 11-K, 4, 8-K, SD | |||
3/6/19 | S-3ASR | |||
12/31/18 | 10-K, 11-K, 4, SD | |||
12/15/95 | ||||
10/1/93 | ||||
List all Filings |
As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 2/08/22 Int’l Business Machines Corp. 8-A12B 3:221K Toppan Merrill/FA |