IT FY 2009 Earnings Report — Gartner, Inc. Revenue & Financial Results | Market Cap Arena

Gartner, Inc.IT

FY 2009 Earnings

Reported February 19, 2010

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2009	Prior Q	FY 2008	QoQ Change	YoY Change
Revenue	$1.1B	—	$1.3B	—	-10.9%
Op. Income	$134M	—	$164M	—	-18.2%
Gross Margin	56.3%	—	55.3%	—	1.0pp
Net Margin	7.3%	—	8.1%	—	-0.8pp
EPS (Diluted)	$0.85	—	$1.05	—	-19.0%
Free Cash Flow	$147M	—	$160M	—	-8.3%

Revenue Flow

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$498M
GROSS PROFIT	$641M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$477M
SG&A Expenses	$477M
Other Expenses	$30M
Operating Expenses	$507M
Cost & Expenses	$1.0B
OPERATING INCOME	$134M
Interest Income	$0
Interest Expense	$16M
Other Income/Expenses	-$19M
INCOME BEFORE TAX	$116M
Income Tax Expense	$33M
Net Income from Continuing Ops	$83M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$83M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$83M
D&A	$27M
EBIT	$132M
EBITDA	$159M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$498M
GROSS PROFIT	$641M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$477M
SG&A Expenses	$477M
Other Expenses	$30M
Operating Expenses	$507M
Cost & Expenses	$1.0B
OPERATING INCOME	$134M
Interest Income	$0
Interest Expense	$16M
Other Income/Expenses	-$19M
INCOME BEFORE TAX	$116M
Income Tax Expense	$33M
Net Income from Continuing Ops	$83M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$83M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$83M
D&A	$27M
EBIT	$132M
EBITDA	$159M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$83M
Depreciation & Amortization	$27M
Stock-Based Compensation	$26M
Deferred Income Tax	$5M
Other Non-Cash Items	-$912.0K
Change in Working Capital	$22M
OPERATING CASH FLOW	$162M
Capital Expenditure	-$15M
Acquisitions (Net)	-$105M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$120M
Net Debt Issuance	-$87M
Common Stock Repurchased	-$4M
Common Dividends Paid	$0
Other Financing Activities	$2M
NET CASH FROM FINANCING	-$74M
FREE CASH FLOW	$147M
Net Change in Cash	-$24M

Balance Sheet

Item	Amount
Cash & Equivalents	$117M
Short-Term Investments	$0
Net Receivables	$318M
Inventory	$0
Other Current Assets	$70M
TOTAL CURRENT ASSETS	$558M
PP&E (Net)	$52M
Goodwill	$514M
Intangible Assets	$24M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$67M
TOTAL NON-CURRENT ASSETS	$657M
TOTAL ASSETS	$1.2B
Account Payables	$14M
Short-Term Debt	$205M
Deferred Revenue	$437M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$898M
Long-Term Debt	$124M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$81M
TOTAL NON-CURRENT LIABILITIES	$205M
TOTAL LIABILITIES	$1.1B
Common Stock	$78.0K
Additional Paid-In Capital	$591M
Retained Earnings	$509M
Treasury Stock	-$999M
Accum. Other Comp. Income	$11M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$113M
Minority Interest	$0
TOTAL EQUITY	$113M
TOTAL LIABILITIES & EQUITY	$1.2B
Total Debt	$329M
Net Debt	$212M