IT FY 2011 Earnings Report — Gartner, Inc. Revenue & Financial Results | Market Cap Arena

Gartner, Inc.IT

FY 2011 Earnings

Reported February 23, 2012

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2011	Prior Q	FY 2010	QoQ Change	YoY Change
Revenue	$1.5B	—	$1.3B	—	14.0%
Op. Income	$214M	—	$149M	—	43.4%
Gross Margin	58.5%	—	57.1%	—	1.4pp
Net Margin	9.3%	—	7.5%	—	1.8pp
EPS (Diluted)	$1.39	—	$0.96	—	44.8%
Free Cash Flow	$214M	—	$184M	—	16.2%

Revenue Flow

Item	Amount
REVENUE	$1.5B
Cost of Revenue	$609M
GROSS PROFIT	$860M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$614M
SG&A Expenses	$614M
Other Expenses	$32M
Operating Expenses	$646M
Cost & Expenses	$1.3B
OPERATING INCOME	$214M
Interest Income	$1M
Interest Expense	$11M
Other Income/Expenses	-$12M
INCOME BEFORE TAX	$202M
Income Tax Expense	$65M
Net Income from Continuing Ops	$137M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$137M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$137M
D&A	$32M
EBIT	$213M
EBITDA	$245M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.5B
Cost of Revenue	$609M
GROSS PROFIT	$860M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$614M
SG&A Expenses	$614M
Other Expenses	$32M
Operating Expenses	$646M
Cost & Expenses	$1.3B
OPERATING INCOME	$214M
Interest Income	$1M
Interest Expense	$11M
Other Income/Expenses	-$12M
INCOME BEFORE TAX	$202M
Income Tax Expense	$65M
Net Income from Continuing Ops	$137M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$137M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$137M
D&A	$32M
EBIT	$213M
EBITDA	$245M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$137M
Depreciation & Amortization	$32M
Stock-Based Compensation	$33M
Deferred Income Tax	-$965.0K
Other Non-Cash Items	-$23M
Change in Working Capital	$78M
OPERATING CASH FLOW	$256M
Capital Expenditure	-$42M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$42M
Net Debt Issuance	-$20M
Common Stock Repurchased	-$212M
Common Dividends Paid	$0
Other Financing Activities	$46M
NET CASH FROM FINANCING	-$187M
FREE CASH FLOW	$214M
Net Change in Cash	$23M

Balance Sheet

Item	Amount
Cash & Equivalents	$143M
Short-Term Investments	$0
Net Receivables	$421M
Inventory	$0
Other Current Assets	$78M
TOTAL CURRENT ASSETS	$706M
PP&E (Net)	$68M
Goodwill	$509M
Intangible Assets	$7M
Long-Term Investments	$0
Tax Assets	$23M
Other Non-Current Assets	$68M
TOTAL NON-CURRENT ASSETS	$674M
TOTAL ASSETS	$1.4B
Account Payables	$28M
Short-Term Debt	$50M
Deferred Revenue	$612M
Other Current Liabilities	$45M
TOTAL CURRENT LIABILITIES	$921M
Long-Term Debt	$150M
Deferred Revenue NC	$26M
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$101M
TOTAL NON-CURRENT LIABILITIES	$277M
TOTAL LIABILITIES	$1.2B
Common Stock	$78.0K
Additional Paid-In Capital	$647M
Retained Earnings	$743M
Treasury Stock	-$1.2B
Accum. Other Comp. Income	$6M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$182M
Minority Interest	$0
TOTAL EQUITY	$182M
TOTAL LIABILITIES & EQUITY	$1.4B
Total Debt	$200M
Net Debt	$57M