IT FY 2023 Earnings Report — Gartner, Inc. Revenue & Financial Results | Market Cap Arena

Gartner, Inc.IT

FY 2023 Earnings

Reported February 15, 2024

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2023	Prior Q	FY 2022	QoQ Change	YoY Change
Revenue	$5.9B	—	$5.5B	—	7.9%
Op. Income	$1.2B	—	$1.1B	—	12.4%
Gross Margin	67.8%	—	69.1%	—	-1.3pp
Net Margin	14.9%	—	14.8%	—	0.2pp
EPS (Diluted)	$11.08	—	$9.96	—	11.2%
Free Cash Flow	$1.1B	—	$993M	—	6.0%

Revenue Flow

Item	Amount
REVENUE	$5.9B
Cost of Revenue	$1.9B
GROSS PROFIT	$4.0B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$2.7B
Other Expenses	$65M
Operating Expenses	$2.8B
Cost & Expenses	$4.7B
OPERATING INCOME	$1.2B
Interest Income	$39M
Interest Expense	$133M
Other Income/Expenses	-$90M
INCOME BEFORE TAX	$1.1B
Income Tax Expense	$265M
Net Income from Continuing Ops	$882M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$882M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$882M
D&A	$191M
EBIT	$1.3B
EBITDA	$1.5B
EPS	$11
EPS Diluted	$11

Income Statement

Item	Amount
REVENUE	$5.9B
Cost of Revenue	$1.9B
GROSS PROFIT	$4.0B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$2.7B
Other Expenses	$65M
Operating Expenses	$2.8B
Cost & Expenses	$4.7B
OPERATING INCOME	$1.2B
Interest Income	$39M
Interest Expense	$133M
Other Income/Expenses	-$90M
INCOME BEFORE TAX	$1.1B
Income Tax Expense	$265M
Net Income from Continuing Ops	$882M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$882M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$882M
D&A	$191M
EBIT	$1.3B
EBITDA	$1.5B
EPS	$11
EPS Diluted	$11

Cash Flow Statement

Item	Amount
Net Income	$882M
Depreciation & Amortization	$191M
Stock-Based Compensation	$130M
Deferred Income Tax	-$64M
Other Non-Cash Items	-$44M
Change in Working Capital	$61M
OPERATING CASH FLOW	$1.2B
Capital Expenditure	-$103M
Acquisitions (Net)	$157M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	$54M
Net Debt Issuance	-$8M
Common Stock Repurchased	-$606M
Common Dividends Paid	$0
Other Financing Activities	$25M
NET CASH FROM FINANCING	-$589M
FREE CASH FLOW	$1.1B
Net Change in Cash	$621M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.3B
Short-Term Investments	$0
Net Receivables	$1.6B
Inventory	$0
Other Current Assets	$508M
TOTAL CURRENT ASSETS	$3.4B
PP&E (Net)	$630M
Goodwill	$2.9B
Intangible Assets	$502M
Long-Term Investments	$1M
Tax Assets	$145M
Other Non-Current Assets	$193M
TOTAL NON-CURRENT ASSETS	$4.4B
TOTAL ASSETS	$7.8B
Account Payables	$63M
Short-Term Debt	$10M
Deferred Revenue	$2.6B
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$3.8B
Long-Term Debt	$2.4B
Deferred Revenue NC	$33M
Deferred Tax Liabilities	$87M
Other Non-Current Liabilities	$295M
TOTAL NON-CURRENT LIABILITIES	$3.4B
TOTAL LIABILITIES	$7.2B
Common Stock	$82.0K
Additional Paid-In Capital	$2.3B
Retained Earnings	$4.7B
Treasury Stock	-$6.3B
Accum. Other Comp. Income	-$76M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$681M
Minority Interest	$0
TOTAL EQUITY	$681M
TOTAL LIABILITIES & EQUITY	$7.8B
Total Debt	$3.1B
Net Debt	$1.8B