IT FY 2008 Earnings Report — Gartner, Inc. Revenue & Financial Results | Market Cap Arena

Gartner, Inc.IT

FY 2008 Earnings

Reported February 20, 2009

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2008	Prior Q	FY 2007	QoQ Change	YoY Change
Revenue	$1.3B	—	$1.2B	—	9.5%
Op. Income	$164M	—	$129M	—	27.0%
Gross Margin	55.3%	—	54.6%	—	0.7pp
Net Margin	8.1%	—	6.3%	—	1.8pp
EPS (Diluted)	$1.05	—	$0.68	—	54.4%
Free Cash Flow	$160M	—	$124M	—	28.9%

Revenue Flow

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$572M
GROSS PROFIT	$707M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$532M
SG&A Expenses	$515M
Other Expenses	$27M
Operating Expenses	$542M
Cost & Expenses	$1.1B
OPERATING INCOME	$164M
Interest Income	$0
Interest Expense	$19M
Other Income/Expenses	-$20M
INCOME BEFORE TAX	$145M
Income Tax Expense	$48M
Net Income from Continuing Ops	$97M
Net Income from Discontinued Ops	$7M
Other Adjustments	$0
NET INCOME	$104M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$104M
D&A	$27M
EBIT	$167M
EBITDA	$195M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$572M
GROSS PROFIT	$707M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$532M
SG&A Expenses	$515M
Other Expenses	$27M
Operating Expenses	$542M
Cost & Expenses	$1.1B
OPERATING INCOME	$164M
Interest Income	$0
Interest Expense	$19M
Other Income/Expenses	-$20M
INCOME BEFORE TAX	$145M
Income Tax Expense	$48M
Net Income from Continuing Ops	$97M
Net Income from Discontinued Ops	$7M
Other Adjustments	$0
NET INCOME	$104M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$104M
D&A	$27M
EBIT	$167M
EBITDA	$195M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$104M
Depreciation & Amortization	$27M
Stock-Based Compensation	$21M
Deferred Income Tax	$3M
Other Non-Cash Items	-$21M
Change in Working Capital	$50M
OPERATING CASH FLOW	$184M
Capital Expenditure	-$24M
Acquisitions (Net)	$8M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$30.0K
NET CASH FROM INVESTING	-$16M
Net Debt Issuance	$21M
Common Stock Repurchased	-$201M
Common Dividends Paid	$0
Other Financing Activities	$15M
NET CASH FROM FINANCING	-$120M
FREE CASH FLOW	$160M
Net Change in Cash	$31M

Balance Sheet

Item	Amount
Cash & Equivalents	$141M
Short-Term Investments	$0
Net Receivables	$319M
Inventory	$0
Other Current Assets	$52M
TOTAL CURRENT ASSETS	$555M
PP&E (Net)	$62M
Goodwill	$399M
Intangible Assets	$2M
Long-Term Investments	$0
Tax Assets	$46M
Other Non-Current Assets	$30M
TOTAL NON-CURRENT ASSETS	$539M
TOTAL ASSETS	$1.1B
Account Payables	$12M
Short-Term Debt	$178M
Deferred Revenue	$395M
Other Current Liabilities	$127M
TOTAL CURRENT LIABILITIES	$792M
Long-Term Debt	$239M
Deferred Revenue NC	$2M
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$82M
TOTAL NON-CURRENT LIABILITIES	$322M
TOTAL LIABILITIES	$1.1B
Common Stock	$78.0K
Additional Paid-In Capital	$571M
Retained Earnings	$426M
Treasury Stock	-$1.0B
Accum. Other Comp. Income	-$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	-$21M
Minority Interest	$0
TOTAL EQUITY	-$21M
TOTAL LIABILITIES & EQUITY	$1.1B
Total Debt	$416M
Net Debt	$275M