IT FY 2010 Earnings Report — Gartner, Inc. Revenue & Financial Results | Market Cap Arena

Gartner, Inc.IT

FY 2010 Earnings

Reported February 15, 2011

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2010	Prior Q	FY 2009	QoQ Change	YoY Change
Revenue	$1.3B	—	$1.1B	—	13.0%
Op. Income	$149M	—	$134M	—	11.0%
Gross Margin	57.1%	—	56.3%	—	0.9pp
Net Margin	7.5%	—	7.3%	—	0.2pp
EPS (Diluted)	$0.96	—	$0.85	—	12.9%
Free Cash Flow	$184M	—	$147M	—	25.2%

Revenue Flow

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$552M
GROSS PROFIT	$736M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$543M
SG&A Expenses	$543M
Other Expenses	$44M
Operating Expenses	$587M
Cost & Expenses	$1.1B
OPERATING INCOME	$149M
Interest Income	$1M
Interest Expense	$17M
Other Income/Expenses	-$15M
INCOME BEFORE TAX	$134M
Income Tax Expense	$38M
Net Income from Continuing Ops	$96M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$96M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$96M
D&A	$36M
EBIT	$151M
EBITDA	$187M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$552M
GROSS PROFIT	$736M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$543M
SG&A Expenses	$543M
Other Expenses	$44M
Operating Expenses	$587M
Cost & Expenses	$1.1B
OPERATING INCOME	$149M
Interest Income	$1M
Interest Expense	$17M
Other Income/Expenses	-$15M
INCOME BEFORE TAX	$134M
Income Tax Expense	$38M
Net Income from Continuing Ops	$96M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$96M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$96M
D&A	$36M
EBIT	$151M
EBITDA	$187M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$96M
Depreciation & Amortization	$36M
Stock-Based Compensation	$33M
Deferred Income Tax	-$3M
Other Non-Cash Items	-$17M
Change in Working Capital	$60M
OPERATING CASH FLOW	$205M
Capital Expenditure	-$22M
Acquisitions (Net)	-$12M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$34M
Net Debt Issuance	-$114M
Common Stock Repurchased	-$100M
Common Dividends Paid	$0
Other Financing Activities	$18M
NET CASH FROM FINANCING	-$172M
FREE CASH FLOW	$184M
Net Change in Cash	$4M

Balance Sheet

Item	Amount
Cash & Equivalents	$120M
Short-Term Investments	$0
Net Receivables	$365M
Inventory	$0
Other Current Assets	$72M
TOTAL CURRENT ASSETS	$621M
PP&E (Net)	$48M
Goodwill	$510M
Intangible Assets	$14M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$93M
TOTAL NON-CURRENT ASSETS	$665M
TOTAL ASSETS	$1.3B
Account Payables	$18M
Short-Term Debt	$40M
Deferred Revenue	$523M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$811M
Long-Term Debt	$180M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$107M
TOTAL NON-CURRENT LIABILITIES	$287M
TOTAL LIABILITIES	$1.1B
Common Stock	$78.0K
Additional Paid-In Capital	$612M
Retained Earnings	$606M
Treasury Stock	-$1.0B
Accum. Other Comp. Income	$15M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$187M
Minority Interest	$0
TOTAL EQUITY	$187M
TOTAL LIABILITIES & EQUITY	$1.3B
Total Debt	$220M
Net Debt	$100M