-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, HcOZV55oMyuVqaatT3bBKnCyjidXSFFSd0L7JECkFhlSPzsv3KbkwYIwuSZIf7fF xinpcmwnHpVzWzBvrYjT5A== 0000353524-01-500010.txt : 20010516 0000353524-01-500010.hdr.sgml : 20010516 ACCESSION NUMBER: 0000353524-01-500010 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20010331 ITEM INFORMATION: FILED AS OF DATE: 20010425 FILER: COMPANY DATA: COMPANY CONFORMED NAME: IBM CREDIT CORP CENTRAL INDEX KEY: 0000353524 STANDARD INDUSTRIAL CLASSIFICATION: 6159 IRS NUMBER: 222351962 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-08175 FILM NUMBER: 1610956 BUSINESS ADDRESS: STREET 1: NORTH CASTLE DR MS NCA-306 STREET 2: ROOM 3C2108 CITY: ARMONK STATE: NY ZIP: 10504-1785 BUSINESS PHONE: 9147651900 MAIL ADDRESS: STREET 1: NORTH CASTLE DR MS NCA-306 STREET 2: PO BOX 10399 CITY: ARMONK STATE: NY ZIP: 10504-1785 10-Q 1 pr8k301.txt FORM 10-Q 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported) April 18, 2001 IBM CREDIT CORPORATION __________________________________________________ (Exact Name of Registrant as Specified in Charter) Delaware 1-8175 22-2351962 ____________________________ _____________ ___________________ (State or Other Jurisdiction Commission (IRS Employer of Incorporation) File Number) Identification No.) North Castle Drive, MS NCA-306 Armonk, New York 10504-1785 __________________________________________ ___________ (Address of Principal Executive Offices) (Zip Code) Registrant's telephone number, including area code (914)765-1900 Not Applicable _____________________________________________________________ (Former Name or Former Address, if changed Since Last Report) Item 5. Other Events The Registrant's press release dated April 18, 2001, regarding its financial results and selected balance sheet information as of and for the period ended March 31, 2001, is attached. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duty authorized. IBM CREDIT CORPORATION (Registrant) By: __________________________ Name: Paula L. Summa Date: April 18, 2001 Title: Vice President, Finance, and Chief Financial Officer and Director 2 Contact: J. Timothy Ohsann IBM Global Financing (914) 765-6647 ohsann@us.ibm.com IBM CREDIT REPORTS 2001 FIRST-QUARTER FINANCIAL RESULTS NORTH CASTLE, N.Y., April 18, 2001 . . . IBM Credit Corporation today reported first-quarter 2001 net earnings of $104.07 million, a 8 percent increase over $96.69 million in the first quarter of 2000. The return on average equity was 22.0 percent in the first quarter of 2001, compared with 16.9 percent in 2000. New customer financing originations* for acquisition of information technology products and services increased 49 percent to $1.50 billion in the first quarter, compared with $1.01 billion for the same period in 2000. New commercial financing originations-- providing working capital for inventory, accounts receivable and acquisition financing -- increased 5 percent to $2.98 billion, compared with $2.83 billion for the same 2000 period. At March 31, 2001, total assets were $15.36 billion, compared with $16.80 billion at December 31, 2000, a decrease of 9 percent. Retained earnings were $1.34 billion, compared with $1.43 billion at December 31, 2000, a decrease of 6 percent. Retained earnings at March 31, 2000, were $1.87 billion. IBM Credit Corporation in the United States is part of the worldwide IBM Global Financing organization. With more than $46 billion in new financing originations in 2000, IBM Global Financing offers businesses of all sizes leasing and financing solutions for IBM and non-IBM hardware, software and services. In addition, IBM Global Financing provides flexible commercial financing offerings for inventory, accounts receivable and acquisition financing to resellers and remarketers. Visit the IBM Global Financing home page at www.ibm.com/financing. Forward-Looking and Cautionary Statements Except for historical information and discussions contained herein, statements contained in this release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially, as discussed in the company's filings with the Securities and Exchange Commission. *New customer financing originations reflect assets either owned or managed by IBM Credit Corporation. -----END PRIVACY-ENHANCED MESSAGE-----