IT FY 2021 Earnings Report — Gartner, Inc. Revenue & Financial Results | Market Cap Arena

Gartner, Inc.IT

FY 2021 Earnings

Reported February 23, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$4.7B	—	$4.1B	—	15.5%
Op. Income	$916M	—	$490M	—	86.8%
Gross Margin	69.5%	—	67.2%	—	2.3pp
Net Margin	16.8%	—	6.5%	—	10.3pp
EPS (Diluted)	$9.21	—	$2.96	—	211.1%
Free Cash Flow	$1.3B	—	$819M	—	52.9%

Revenue Flow

Item	Amount
REVENUE	$4.7B
Cost of Revenue	$1.4B
GROSS PROFIT	$3.3B
R&D Expenses	$35M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$2.2B
Other Expenses	$184M
Operating Expenses	$2.4B
Cost & Expenses	$3.8B
OPERATING INCOME	$916M
Interest Income	$2M
Interest Expense	$119M
Other Income/Expenses	$54M
INCOME BEFORE TAX	$970M
Income Tax Expense	$176M
Net Income from Continuing Ops	$794M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$794M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$794M
D&A	$212M
EBIT	$1.1B
EBITDA	$1.3B
EPS	$9
EPS Diluted	$9

Income Statement

Item	Amount
REVENUE	$4.7B
Cost of Revenue	$1.4B
GROSS PROFIT	$3.3B
R&D Expenses	$35M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$2.2B
Other Expenses	$184M
Operating Expenses	$2.4B
Cost & Expenses	$3.8B
OPERATING INCOME	$916M
Interest Income	$2M
Interest Expense	$119M
Other Income/Expenses	$54M
INCOME BEFORE TAX	$970M
Income Tax Expense	$176M
Net Income from Continuing Ops	$794M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$794M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$794M
D&A	$212M
EBIT	$1.1B
EBITDA	$1.3B
EPS	$9
EPS Diluted	$9

Cash Flow Statement

Item	Amount
Net Income	$794M
Depreciation & Amortization	$212M
Stock-Based Compensation	$99M
Deferred Income Tax	-$42M
Other Non-Cash Items	$109M
Change in Working Capital	$141M
OPERATING CASH FLOW	$1.3B
Capital Expenditure	-$60M
Acquisitions (Net)	-$23M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$2M
NET CASH FROM INVESTING	-$80M
Net Debt Issuance	$487M
Common Stock Repurchased	-$1.7B
Common Dividends Paid	$0
Other Financing Activities	$11M
NET CASH FROM FINANCING	-$1.2B
FREE CASH FLOW	$1.3B
Net Change in Cash	$48M

Balance Sheet

Item	Amount
Cash & Equivalents	$756M
Short-Term Investments	$0
Net Receivables	$1.4B
Inventory	$0
Other Current Assets	$381M
TOTAL CURRENT ASSETS	$2.6B
PP&E (Net)	$822M
Goodwill	$3.0B
Intangible Assets	$714M
Long-Term Investments	$0
Tax Assets	$140M
Other Non-Current Assets	$169M
TOTAL NON-CURRENT ASSETS	$4.8B
TOTAL ASSETS	$7.4B
Account Payables	$49M
Short-Term Debt	$6M
Deferred Revenue	$2.2B
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$3.4B
Long-Term Debt	$2.5B
Deferred Revenue NC	$48M
Deferred Tax Liabilities	$182M
Other Non-Current Liabilities	$282M
TOTAL NON-CURRENT LIABILITIES	$3.7B
TOTAL LIABILITIES	$7.0B
Common Stock	$82.0K
Additional Paid-In Capital	$2.1B
Retained Earnings	$3.0B
Treasury Stock	-$4.7B
Accum. Other Comp. Income	-$81M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$371M
Minority Interest	$0
TOTAL EQUITY	$371M
TOTAL LIABILITIES & EQUITY	$7.4B
Total Debt	$3.3B
Net Debt	$2.5B