IT FY 2020 Earnings Report — Gartner, Inc. Revenue & Financial Results | Market Cap Arena

Gartner, Inc.IT

FY 2020 Earnings

Reported February 24, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$4.1B	—	$4.2B	—	-3.4%
Op. Income	$490M	—	$370M	—	32.4%
Gross Margin	67.2%	—	63.5%	—	3.7pp
Net Margin	6.5%	—	5.5%	—	1.0pp
EPS (Diluted)	$2.96	—	$2.56	—	15.6%
Free Cash Flow	$819M	—	$416M	—	96.8%

Revenue Flow

Item	Amount
REVENUE	$4.1B
Cost of Revenue	$1.3B
GROSS PROFIT	$2.8B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$2.0B
Other Expenses	$225M
Operating Expenses	$2.3B
Cost & Expenses	$3.6B
OPERATING INCOME	$490M
Interest Income	$2M
Interest Expense	$116M
Other Income/Expenses	-$164M
INCOME BEFORE TAX	$326M
Income Tax Expense	$59M
Net Income from Continuing Ops	$267M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$267M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$267M
D&A	$219M
EBIT	$442M
EBITDA	$661M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$4.1B
Cost of Revenue	$1.3B
GROSS PROFIT	$2.8B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$2.0B
Other Expenses	$225M
Operating Expenses	$2.3B
Cost & Expenses	$3.6B
OPERATING INCOME	$490M
Interest Income	$2M
Interest Expense	$116M
Other Income/Expenses	-$164M
INCOME BEFORE TAX	$326M
Income Tax Expense	$59M
Net Income from Continuing Ops	$267M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$267M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$267M
D&A	$219M
EBIT	$442M
EBITDA	$661M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$267M
Depreciation & Amortization	$219M
Stock-Based Compensation	$63M
Deferred Income Tax	-$53M
Other Non-Cash Items	$143M
Change in Working Capital	$265M
OPERATING CASH FLOW	$903M
Capital Expenditure	-$84M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$84M
Net Debt Issuance	-$232M
Common Stock Repurchased	-$176M
Common Dividends Paid	$0
Other Financing Activities	-$8M
NET CASH FROM FINANCING	-$416M
FREE CASH FLOW	$819M
Net Change in Cash	$432M

Balance Sheet

Item	Amount
Cash & Equivalents	$713M
Short-Term Investments	$0
Net Receivables	$1.2B
Inventory	$0
Other Current Assets	$260M
TOTAL CURRENT ASSETS	$2.3B
PP&E (Net)	$984M
Goodwill	$2.9B
Intangible Assets	$807M
Long-Term Investments	$0
Tax Assets	$104M
Other Non-Current Assets	$153M
TOTAL NON-CURRENT ASSETS	$5.0B
TOTAL ASSETS	$7.3B
Account Payables	$39M
Short-Term Debt	$105M
Deferred Revenue	$2.0B
Other Current Liabilities	$229M
TOTAL CURRENT LIABILITIES	$2.9B
Long-Term Debt	$2.0B
Deferred Revenue NC	$27M
Deferred Tax Liabilities	$173M
Other Non-Current Liabilities	$340M
TOTAL NON-CURRENT LIABILITIES	$3.3B
TOTAL LIABILITIES	$6.2B
Common Stock	$82.0K
Additional Paid-In Capital	$2.0B
Retained Earnings	$2.3B
Treasury Stock	-$3.0B
Accum. Other Comp. Income	-$99M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.1B
Minority Interest	$0
TOTAL EQUITY	$1.1B
TOTAL LIABILITIES & EQUITY	$7.3B
Total Debt	$2.8B
Net Debt	$2.1B