IT FY 2016 Earnings Report — Gartner, Inc. Revenue & Financial Results | Market Cap Arena

Gartner, Inc.IT

FY 2016 Earnings

Reported February 22, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$2.4B	—	$2.2B	—	13.0%
Op. Income	$305M	—	$288M	—	6.0%
Gross Margin	61.3%	—	61.2%	—	0.1pp
Net Margin	7.9%	—	8.1%	—	-0.2pp
EPS (Diluted)	$2.31	—	$2.06	—	12.1%
Free Cash Flow	$316M	—	$299M	—	5.5%

Revenue Flow

Item	Amount
REVENUE	$2.4B
Cost of Revenue	$946M
GROSS PROFIT	$1.5B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$1.1B
SG&A Expenses	$1.1B
Other Expenses	$105M
Operating Expenses	$1.2B
Cost & Expenses	$2.1B
OPERATING INCOME	$305M
Interest Income	$2M
Interest Expense	$28M
Other Income/Expenses	-$17M
INCOME BEFORE TAX	$288M
Income Tax Expense	$95M
Net Income from Continuing Ops	$194M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$194M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$194M
D&A	$62M
EBIT	$316M
EBITDA	$378M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$2.4B
Cost of Revenue	$946M
GROSS PROFIT	$1.5B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$1.1B
SG&A Expenses	$1.1B
Other Expenses	$105M
Operating Expenses	$1.2B
Cost & Expenses	$2.1B
OPERATING INCOME	$305M
Interest Income	$2M
Interest Expense	$28M
Other Income/Expenses	-$17M
INCOME BEFORE TAX	$288M
Income Tax Expense	$95M
Net Income from Continuing Ops	$194M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$194M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$194M
D&A	$62M
EBIT	$316M
EBITDA	$378M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$194M
Depreciation & Amortization	$62M
Stock-Based Compensation	$47M
Deferred Income Tax	-$3M
Other Non-Cash Items	$582.0K
Change in Working Capital	$65M
OPERATING CASH FLOW	$366M
Capital Expenditure	-$50M
Acquisitions (Net)	-$34M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$84M
Net Debt Issuance	-$120M
Common Stock Repurchased	-$59M
Common Dividends Paid	$0
Other Financing Activities	$4M
NET CASH FROM FINANCING	-$175M
FREE CASH FLOW	$316M
Net Change in Cash	$101M

Balance Sheet

Item	Amount
Cash & Equivalents	$474M
Short-Term Investments	$0
Net Receivables	$643M
Inventory	$0
Other Current Assets	$141M
TOTAL CURRENT ASSETS	$1.3B
PP&E (Net)	$122M
Goodwill	$738M
Intangible Assets	$77M
Long-Term Investments	$0
Tax Assets	$27M
Other Non-Current Assets	$60M
TOTAL NON-CURRENT ASSETS	$1.0B
TOTAL ASSETS	$2.4B
Account Payables	$41M
Short-Term Debt	$30M
Deferred Revenue	$989M
Other Current Liabilities	$95M
TOTAL CURRENT LIABILITIES	$1.5B
Long-Term Debt	$664M
Deferred Revenue NC	$11M
Deferred Tax Liabilities	$23M
Other Non-Current Liabilities	$148M
TOTAL NON-CURRENT LIABILITIES	$846M
TOTAL LIABILITIES	$2.3B
Common Stock	$78.0K
Additional Paid-In Capital	$863M
Retained Earnings	$1.6B
Treasury Stock	-$2.4B
Accum. Other Comp. Income	-$50M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$61M
Minority Interest	$0
TOTAL EQUITY	$61M
TOTAL LIABILITIES & EQUITY	$2.4B
Total Debt	$694M
Net Debt	$220M