IBM Results Presentation Deck

Cash flow and balance sheet highlights Cash flow 3Q22 Yr/Yr Consolidated net cash from operations* $1.2 ($0.0) Consolidated free cash flow** $0.8 $0.1 Selected uses of cash Net capital expenditures Acquisitions Dividends 3022 $0.4 $0.1 $1.5 YTD $5.4 $4.1 YTD $1.3 $1.0 $4.5 Balance sheet Cash & marketable securities Total debt Selected debt measures IBM Financing debt Core (non-IBM Financing) debt $ in billions *Non-GAAP financial measure; excludes Financing receivables **Non-GAAP financial measure; adjusts for Financing receivables and net capital expenditures Dec 21 $9.7 $7.6 $50.9 $51.7 Sep 22 Sep 22 Dec 21 $11.2 $13.9 $39.7 $37.8 Sep 21 $8.4 $54.5 Sep 21 $15.9 $38.6 14

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