IT FY 2012 Earnings Report — Gartner, Inc. Revenue & Financial Results | Market Cap Arena

Gartner, Inc.IT

FY 2012 Earnings

Reported February 22, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$1.6B	—	$1.5B	—	10.0%
Op. Income	$246M	—	$214M	—	14.8%
Gross Margin	59.2%	—	58.5%	—	0.7pp
Net Margin	10.3%	—	9.3%	—	0.9pp
EPS (Diluted)	$1.73	—	$1.39	—	24.5%
Free Cash Flow	$235M	—	$214M	—	10.2%

Revenue Flow

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$659M
GROSS PROFIT	$957M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$679M
SG&A Expenses	$679M
Other Expenses	$32M
Operating Expenses	$711M
Cost & Expenses	$1.4B
OPERATING INCOME	$246M
Interest Income	$1M
Interest Expense	$10M
Other Income/Expenses	-$10M
INCOME BEFORE TAX	$236M
Income Tax Expense	$70M
Net Income from Continuing Ops	$166M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$166M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$166M
D&A	$30M
EBIT	$246M
EBITDA	$275M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$659M
GROSS PROFIT	$957M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$679M
SG&A Expenses	$679M
Other Expenses	$32M
Operating Expenses	$711M
Cost & Expenses	$1.4B
OPERATING INCOME	$246M
Interest Income	$1M
Interest Expense	$10M
Other Income/Expenses	-$10M
INCOME BEFORE TAX	$236M
Income Tax Expense	$70M
Net Income from Continuing Ops	$166M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$166M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$166M
D&A	$30M
EBIT	$246M
EBITDA	$275M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$166M
Depreciation & Amortization	$30M
Stock-Based Compensation	$36M
Deferred Income Tax	$973.0K
Other Non-Cash Items	-$26M
Change in Working Capital	$73M
OPERATING CASH FLOW	$280M
Capital Expenditure	-$44M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$10M
NET CASH FROM INVESTING	-$55M
Net Debt Issuance	$5M
Common Stock Repurchased	-$111M
Common Dividends Paid	$0
Other Financing Activities	$34M
NET CASH FROM FINANCING	-$73M
FREE CASH FLOW	$235M
Net Change in Cash	$157M

Balance Sheet

Item	Amount
Cash & Equivalents	$300M
Short-Term Investments	$0
Net Receivables	$464M
Inventory	$0
Other Current Assets	$88M
TOTAL CURRENT ASSETS	$927M
PP&E (Net)	$89M
Goodwill	$520M
Intangible Assets	$12M
Long-Term Investments	$0
Tax Assets	$23M
Other Non-Current Assets	$51M
TOTAL NON-CURRENT ASSETS	$694M
TOTAL ASSETS	$1.6B
Account Payables	$27M
Short-Term Debt	$90M
Deferred Revenue	$692M
Other Current Liabilities	$50M
TOTAL CURRENT LIABILITIES	$1.1B
Long-Term Debt	$115M
Deferred Revenue NC	$25M
Deferred Tax Liabilities	$100.0K
Other Non-Current Liabilities	$104M
TOTAL NON-CURRENT LIABILITIES	$245M
TOTAL LIABILITIES	$1.3B
Common Stock	$78.0K
Additional Paid-In Capital	$680M
Retained Earnings	$908M
Treasury Stock	-$1.3B
Accum. Other Comp. Income	$6M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$307M
Minority Interest	$0
TOTAL EQUITY	$307M
TOTAL LIABILITIES & EQUITY	$1.6B
Total Debt	$205M
Net Debt	-$95M