IT FY 2013 Earnings Report — Gartner, Inc. Revenue & Financial Results | Market Cap Arena

Gartner, Inc.IT

FY 2013 Earnings

Reported February 26, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2013	Prior Q	FY 2012	QoQ Change	YoY Change
Revenue	$1.8B	—	$1.6B	—	10.4%
Op. Income	$275M	—	$246M	—	12.1%
Gross Margin	60.0%	—	59.2%	—	0.8pp
Net Margin	10.2%	—	10.3%	—	-0.0pp
EPS (Diluted)	$1.93	—	$1.73	—	11.6%
Free Cash Flow	$279M	—	$235M	—	18.5%

Revenue Flow

Item	Amount
REVENUE	$1.8B
Cost of Revenue	$713M
GROSS PROFIT	$1.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$760M
SG&A Expenses	$760M
Other Expenses	$35M
Operating Expenses	$795M
Cost & Expenses	$1.5B
OPERATING INCOME	$275M
Interest Income	$2M
Interest Expense	$10M
Other Income/Expenses	-$9M
INCOME BEFORE TAX	$266M
Income Tax Expense	$84M
Net Income from Continuing Ops	$183M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$183M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$183M
D&A	$34M
EBIT	$277M
EBITDA	$311M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.8B
Cost of Revenue	$713M
GROSS PROFIT	$1.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$760M
SG&A Expenses	$760M
Other Expenses	$35M
Operating Expenses	$795M
Cost & Expenses	$1.5B
OPERATING INCOME	$275M
Interest Income	$2M
Interest Expense	$10M
Other Income/Expenses	-$9M
INCOME BEFORE TAX	$266M
Income Tax Expense	$84M
Net Income from Continuing Ops	$183M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$183M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$183M
D&A	$34M
EBIT	$277M
EBITDA	$311M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$183M
Depreciation & Amortization	$34M
Stock-Based Compensation	$35M
Deferred Income Tax	$17M
Other Non-Cash Items	-$23M
Change in Working Capital	$70M
OPERATING CASH FLOW	$316M
Capital Expenditure	-$36M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$36M
Net Debt Issuance	$0
Common Stock Repurchased	-$182M
Common Dividends Paid	$0
Other Financing Activities	$28M
NET CASH FROM FINANCING	-$154M
FREE CASH FLOW	$279M
Net Change in Cash	$124M

Balance Sheet

Item	Amount
Cash & Equivalents	$424M
Short-Term Investments	$0
Net Receivables	$491M
Inventory	$0
Other Current Assets	$106M
TOTAL CURRENT ASSETS	$1.1B
PP&E (Net)	$92M
Goodwill	$519M
Intangible Assets	$6M
Long-Term Investments	$0
Tax Assets	$24M
Other Non-Current Assets	$57M
TOTAL NON-CURRENT ASSETS	$699M
TOTAL ASSETS	$1.8B
Account Payables	$18M
Short-Term Debt	$69M
Deferred Revenue	$766M
Other Current Liabilities	$68M
TOTAL CURRENT LIABILITIES	$1.2B
Long-Term Debt	$136M
Deferred Revenue NC	$27M
Deferred Tax Liabilities	$200.0K
Other Non-Current Liabilities	$99M
TOTAL NON-CURRENT LIABILITIES	$262M
TOTAL LIABILITIES	$1.4B
Common Stock	$78.0K
Additional Paid-In Capital	$719M
Retained Earnings	$1.1B
Treasury Stock	-$1.5B
Accum. Other Comp. Income	$8M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$361M
Minority Interest	$0
TOTAL EQUITY	$361M
TOTAL LIABILITIES & EQUITY	$1.8B
Total Debt	$205M
Net Debt	-$219M