IT FY 2014 Earnings Report — Gartner, Inc. Revenue & Financial Results | Market Cap Arena

Gartner, Inc.IT

FY 2014 Earnings

Reported February 27, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$2.0B	—	$1.8B	—	13.3%
Op. Income	$286M	—	$275M	—	3.9%
Gross Margin	60.5%	—	60.0%	—	0.5pp
Net Margin	9.1%	—	10.2%	—	-1.2pp
EPS (Diluted)	$2.03	—	$1.93	—	5.2%
Free Cash Flow	$308M	—	$279M	—	10.4%

Revenue Flow

Item	Amount
REVENUE	$2.0B
Cost of Revenue	$798M
GROSS PROFIT	$1.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$876M
Other Expenses	$61M
Operating Expenses	$937M
Cost & Expenses	$1.7B
OPERATING INCOME	$286M
Interest Income	$1M
Interest Expense	$12M
Other Income/Expenses	-$11M
INCOME BEFORE TAX	$275M
Income Tax Expense	$91M
Net Income from Continuing Ops	$184M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$184M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$184M
D&A	$39M
EBIT	$287M
EBITDA	$326M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$2.0B
Cost of Revenue	$798M
GROSS PROFIT	$1.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$876M
Other Expenses	$61M
Operating Expenses	$937M
Cost & Expenses	$1.7B
OPERATING INCOME	$286M
Interest Income	$1M
Interest Expense	$12M
Other Income/Expenses	-$11M
INCOME BEFORE TAX	$275M
Income Tax Expense	$91M
Net Income from Continuing Ops	$184M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$184M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$184M
D&A	$39M
EBIT	$287M
EBITDA	$326M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$184M
Depreciation & Amortization	$39M
Stock-Based Compensation	$39M
Deferred Income Tax	-$759.0K
Other Non-Cash Items	-$18M
Change in Working Capital	$103M
OPERATING CASH FLOW	$347M
Capital Expenditure	-$38M
Acquisitions (Net)	-$110M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$14M
NET CASH FROM INVESTING	-$163M
Net Debt Issuance	$200M
Common Stock Repurchased	-$432M
Common Dividends Paid	$0
Other Financing Activities	$23M
NET CASH FROM FINANCING	-$209M
FREE CASH FLOW	$308M
Net Change in Cash	-$59M

Balance Sheet

Item	Amount
Cash & Equivalents	$365M
Short-Term Investments	$0
Net Receivables	$552M
Inventory	$0
Other Current Assets	$115M
TOTAL CURRENT ASSETS	$1.1B
PP&E (Net)	$98M
Goodwill	$587M
Intangible Assets	$31M
Long-Term Investments	$0
Tax Assets	$18M
Other Non-Current Assets	$74M
TOTAL NON-CURRENT ASSETS	$808M
TOTAL ASSETS	$1.9B
Account Payables	$17M
Short-Term Debt	$20M
Deferred Revenue	$841M
Other Current Liabilities	$44M
TOTAL CURRENT LIABILITIES	$1.2B
Long-Term Debt	$385M
Deferred Revenue NC	$24M
Deferred Tax Liabilities	$600.0K
Other Non-Current Liabilities	$119M
TOTAL NON-CURRENT LIABILITIES	$528M
TOTAL LIABILITIES	$1.7B
Common Stock	$78.0K
Additional Paid-In Capital	$764M
Retained Earnings	$1.3B
Treasury Stock	-$1.9B
Accum. Other Comp. Income	-$21M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$161M
Minority Interest	$0
TOTAL EQUITY	$161M
TOTAL LIABILITIES & EQUITY	$1.9B
Total Debt	$405M
Net Debt	$40M