IT FY 2017 Earnings Report — Gartner, Inc. Revenue & Financial Results | Market Cap Arena

Gartner, Inc.IT

FY 2017 Earnings

Reported February 22, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$3.3B	—	$2.4B	—	35.5%
Op. Income	-$6M	—	$305M	—	-102.1%
Gross Margin	60.1%	—	61.3%	—	-1.2pp
Net Margin	0.1%	—	7.9%	—	-7.8pp
EPS (Diluted)	$0.04	—	$2.31	—	-98.3%
Free Cash Flow	$144M	—	$316M	—	-54.5%

Income Statement

Item	Amount
REVENUE	$3.3B
Cost of Revenue	$1.3B
GROSS PROFIT	$2.0B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$1.6B
SG&A Expenses	$1.6B
Other Expenses	$399M
Operating Expenses	$2.0B
Cost & Expenses	$3.3B
OPERATING INCOME	-$6M
Interest Income	$3M
Interest Expense	$128M
Other Income/Expenses	-$121M
INCOME BEFORE TAX	-$128M
Income Tax Expense	-$131M
Net Income from Continuing Ops	$3M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$3M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3M
D&A	$240M
EBIT	$130.0K
EBITDA	$240M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$3M
Depreciation & Amortization	$240M
Stock-Based Compensation	$79M
Deferred Income Tax	-$217M
Other Non-Cash Items	$15M
Change in Working Capital	$134M
OPERATING CASH FLOW	$255M
Capital Expenditure	-$111M
Acquisitions (Net)	-$2.6B
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$2.7B
Net Debt Issuance	$2.6B
Common Stock Repurchased	-$41M
Common Dividends Paid	$0
Other Financing Activities	-$39M
NET CASH FROM FINANCING	$2.5B
FREE CASH FLOW	$144M
Net Change in Cash	$75M

Balance Sheet

Item	Amount
Cash & Equivalents	$539M
Short-Term Investments	$0
Net Receivables	$1.2B
Inventory	$0
Other Current Assets	$748M
TOTAL CURRENT ASSETS	$2.6B
PP&E (Net)	$222M
Goodwill	$3.0B
Intangible Assets	$1.3B
Long-Term Investments	$0
Tax Assets	$31M
Other Non-Current Assets	$163M
TOTAL NON-CURRENT ASSETS	$4.7B
TOTAL ASSETS	$7.3B
Account Payables	$49M
Short-Term Debt	$380M
Deferred Revenue	$1.6B
Other Current Liabilities	$280M
TOTAL CURRENT LIABILITIES	$2.8B
Long-Term Debt	$2.9B
Deferred Revenue NC	$16M
Deferred Tax Liabilities	$206M
Other Non-Current Liabilities	$355M
TOTAL NON-CURRENT LIABILITIES	$3.5B
TOTAL LIABILITIES	$6.3B
Common Stock	$82.0K
Additional Paid-In Capital	$1.8B
Retained Earnings	$1.6B
Treasury Stock	-$2.4B
Accum. Other Comp. Income	$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$983M
Minority Interest	$0
TOTAL EQUITY	$983M
TOTAL LIABILITIES & EQUITY	$7.3B
Total Debt	$3.3B
Net Debt	$2.7B