Cash flow Gartner, Inc.

Equities

IT

US3666511072

IT Services & Consulting

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519.34 ^USD	-0.61%		+0.07%	+14.89%

Dec. 03	Gartner, Inc. Announces the Retirement of James Smith as Member of the Board	CI
Nov. 27	Gartner Insider Sold Shares Worth $2,620,079, According to a Recent SEC Filing	MT

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Published financial data: GARTNER, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	4.25B	4.1B	4.73B	5.48B	5.91B
Other Revenues, Total	-	-	-	-	-
Total Revenues	4.25B	4.1B	4.73B	5.48B	5.91B
Cost of Goods Sold, Total	1.55B	1.35B	1.44B	1.69B	1.9B
Gross Profit	2.69B	2.75B	3.29B	3.78B	4B
Selling General & Admin Expenses, Total	2.1B	2.04B	2.11B	2.43B	2.68B
Depreciation & Amortization - (IS)	82.07M	93.92M	103M	93.41M	98.64M
Amortization of Goodwill and Intangible Assets - (IS)	130M	125M	110M	98.54M	92.46M
Other Operating Expenses, Total	2.32B	2.26B	2.32B	2.62B	2.87B
Operating Income	379M	496M	970M	1.16B	1.13B
Interest Expense, Total	-103M	-116M	-98.31M	-73.9M	-129M
Interest And Investment Income	3.03M	2.09M	1.89M	4.88M	38.53M
Net Interest Expenses	-99.8M	-114M	-96.42M	-69.02M	-90.35M
Currency Exchange Gains (Loss)	-3.59M	-1.6M	-5.1M	-6.3M	-4.1M
Other Non Operating Income (Expenses)	2.57M	-3.36M	4.45M	3.43M	2.18M
EBT, Excl. Unusual Items	278M	377M	873M	1.09B	1.04B
Merger & Related Restructuring Charges	-9.46M	-6.28M	-6.06M	-9.08M	-9.59M
Gain (Loss) On Sale Of Investments	9.12M	-	-	-	-
Gain (Loss) On Sale Of Assets	-2.08M	-	-	-	135M
Asset Writedown	-	-	-49.54M	-53.97M	-20.37M
Insurance Settlements	-	-	152M	-	3.08M
Other Unusual Items	-	-44.81M	-	-	-
EBT, Incl. Unusual Items	276M	326M	970M	1.03B	1.15B
Income Tax Expense	42.45M	59.39M	176M	219M	265M
Earnings From Continuing Operations	233M	267M	794M	808M	882M
Net Income to Company	233M	267M	794M	808M	882M
Net Income - (IS)	233M	267M	794M	808M	882M
Net Income to Common Incl Extra Items	233M	267M	794M	808M	882M
Net Income to Common Excl. Extra Items	233M	267M	794M	808M	882M
Per Share Items
Net EPS - Basic	2.6	2.99	9.33	10.08	11.17
Basic EPS - Continuing Operations	2.6	2.99	9.33	10.08	11.17
Basic Weighted Average Shares Outstanding	89.82M	89.32M	85.03M	80.18M	79M
Net EPS - Diluted	2.56	2.96	9.21	9.96	11.08
Diluted EPS - Continuing Operations	2.56	2.96	9.21	9.96	11.08
Diluted Weighted Average Shares Outstanding	90.97M	90.02M	86.18M	81.07M	79.68M
Normalized Basic EPS	1.94	2.64	6.42	8.5	8.22
Normalized Diluted EPS	1.91	2.62	6.33	8.41	8.15
Supplemental Items
EBITDA	571M	686M	1.15B	1.31B	1.27B
EBITA	509M	621M	1.08B	1.26B	1.22B
EBIT	379M	496M	970M	1.16B	1.13B
EBITDAR	693M	805M	1.25B	1.4B	1.36B
Total Revenues (As Reported)	4.25B	4.1B	4.73B	5.48B	5.91B
Effective Tax Rate - (Ratio)	15.39	18.21	18.18	21.36	23.07
Current Domestic Taxes	41.84M	30.84M	153M	171M	223M
Current Foreign Taxes	53.1M	62.99M	64.84M	91.6M	107M
Total Current Taxes	94.94M	93.83M	218M	262M	331M
Deferred Domestic Taxes	-23.29M	-20.33M	-1.48M	-31.44M	-48.93M
Deferred Foreign Taxes	-48.19M	-22.67M	-33.39M	-4.23M	-12.84M
Total Deferred Taxes	-71.47M	-43M	-34.87M	-35.68M	-61.78M
Normalized Net Income	174M	236M	546M	681M	649M
Interest on Long-Term Debt	103M	116M	119M	126M	133M
Non-Cash Pension Expense	571K	699K	1.12M	1.02M	574K
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	20M	28.9M	34.6M	39.6M	47.8M
Net Rental Expense, Total	122M	119M	106M	86.26M	81.82M
Imputed Operating Lease Interest Expense	36.9M	36.15M	26.53M	15.78M	27.09M
Imputed Operating Lease Depreciation	85.33M	83.22M	78.99M	70.48M	54.74M
Stock-Based Comp., COGS (Total)	29.1M	29.7M	35M	32.7M	53.3M
Stock-Based Comp., SG&A Exp. (Total)	39.4M	32.9M	63.6M	57.9M	76.5M
Stock-Based Comp., Other (Total)	508K	-	-	-	41K
Total Stock-Based Compensation	69.01M	62.6M	98.6M	90.6M	130M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	281M	713M	756M	698M	1.32B
Trading Asset Securities, Total	-	-	-	6.35M	5.96M
Total Cash And Short Term Investments	281M	713M	756M	704M	1.32B
Accounts Receivable, Total	1.35B	1.26B	1.39B	1.58B	1.63B
Total Receivables	1.35B	1.26B	1.39B	1.58B	1.63B
Prepaid Expenses	125M	78.77M	93.68M	91.05M	91.65M
Deferred Tax Assets Current	-	-	-	-	-
Restricted Cash	-	-	4.11M	-	600K
Other Current Assets, Total	266M	276M	381M	413M	381M
Total Current Assets	2.02B	2.32B	2.62B	2.79B	3.43B
Gross Property Plant And Equipment	1.34B	1.32B	1.2B	1.01B	984M
Accumulated Depreciation	-291M	-340M	-381M	-304M	-354M
Net Property Plant And Equipment	1.05B	984M	822M	701M	630M
Long-term Investments	-	-	-	3.95M	-
Goodwill	2.94B	2.95B	2.95B	2.93B	2.94B
Other Intangibles, Total	925M	807M	714M	585M	502M
Deferred Tax Assets Long-Term	79.62M	104M	140M	138M	145M
Deferred Charges Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	143M	153M	169M	155M	195M
Total Assets	7.15B	7.32B	7.42B	7.3B	7.84B
Liabilities
Accounts Payable, Total	33M	38.59M	49.28M	83.22M	63.14M
Accrued Expenses, Total	671M	765M	955M	856M	894M
Current Portion of Long-Term Debt	140M	55.4M	27.73M	7.8M	9.6M
Current Portion of Leases	76.52M	84M	89.75M	99.72M	98.49M
Current Income Taxes Payable	7.88M	29.55M	18.72M	76.38M	72.18M
Unearned Revenue Current, Total	1.93B	1.97B	2.24B	2.44B	2.64B
Other Current Liabilities	-	-	91K	30.84M	-
Total Current Liabilities	2.86B	2.95B	3.38B	3.6B	3.78B
Long-Term Debt	2.11B	2.03B	2.49B	2.45B	2.45B
Long-Term Leases	833M	780M	698M	597M	513M
Unearned Revenue Non Current	24.41M	26.75M	48.18M	39.12M	33.49M
Pension & Other Post Retirement Benefits	109M	128M	139M	124M	157M
Deferred Tax Liability Non Current	190M	173M	182M	140M	86.55M
Other Non Current Liabilities	92.08M	137M	111M	120M	138M
Total Liabilities	6.21B	6.23B	7.05B	7.07B	7.16B
Common Stock, Total	82K	82K	82K	82K	82K
Additional Paid In Capital	1.9B	1.97B	2.07B	2.18B	2.32B
Retained Earnings	1.99B	2.26B	3.05B	3.86B	4.74B
Treasury Stock	-2.87B	-3.03B	-4.67B	-5.71B	-6.3B
Comprehensive Income and Other	-77.94M	-99.23M	-81.43M	-102M	-76.33M
Total Common Equity	939M	1.09B	371M	228M	681M
Total Equity	939M	1.09B	371M	228M	681M
Total Liabilities And Equity	7.15B	7.32B	7.42B	7.3B	7.84B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	89.1M	88.72M	82.29M	79.06M	77.97M
ECS Total Common Shares Outstanding	89.16M	88.84M	82.4M	79.17M	78.34M
Book Value / Share	10.53	12.27	4.5	2.88	8.69
Tangible Book Value	-2.92B	-2.66B	-3.29B	-3.29B	-2.76B
Tangible Book Value Per Share	-32.8	-29.96	-39.99	-41.52	-35.21
Total Debt	3.16B	2.95B	3.3B	3.16B	3.07B
Net Debt	2.88B	2.24B	2.55B	2.45B	1.75B
Debt Equivalent of Unfunded Proj. Benefit Obligation	29.06M	33.66M	28.24M	27.51M	35.37M
Debt Equivalent Oper. Leases	978M	955M	844M	690M	655M
Account Code - Inventory Valuation	3	3	3	-	-
Machinery, Total	361M	393M	401M	348M	404M
Full Time Employees	16.72K	15.6K	16.6K	19.5K	20.24K
Accumulated Allowance for Doubtful Accounts (Supple)	8M	10M	6.5M	9M	9M
Order Backlog	116M	100M	117M	140M	162M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	233M	267M	794M	808M	882M
Depreciation & Amortization - CF	62.07M	65.02M	68.2M	53.81M	50.84M
Amortization of Goodwill and Intangible Assets - (CF)	130M	125M	110M	98.54M	92.46M
Depreciation & Amortization, Total	192M	190M	178M	152M	143M
Amortization of Deferred Charges, Total - (CF)	26.5M	37.32M	38.76M	44.17M	52.49M
(Gain) Loss From Sale Of Asset	2.08M	-	-	-	-135M
(Gain) Loss on Sale of Investments - (CF)	-9.12M	-	-	-	-
Asset Writedown & Restructuring Costs	-	-	49.54M	53.97M	20.37M
Stock-Based Compensation (CF)	69.01M	62.54M	98.57M	90.57M	130M
Tax Benefit from Stock Options	-	-	-	-	-
Other Operating Activities, Total	30.68M	81.64M	13.35M	-12.92M	2.11M
Change In Accounts Receivable	-66.73M	99.41M	-145M	-241M	-24.66M
Change In Accounts Payable	-54.61M	112M	121M	-102M	-28.55M
Change in Unearned Revenues	181M	16M	324M	297M	170M
Change in Other Net Operating Assets	-38.63M	37.6M	-159M	10.98M	-56.14M
Cash from Operations	565M	903M	1.31B	1.1B	1.16B
Capital Expenditure	-149M	-83.89M	-59.83M	-108M	-103M
Cash Acquisitions	-25.99M	-	-22.94M	-9.51M	-3.8M
Divestitures	-	-	-	-	161M
Investment in Marketable and Equity Securities, Total	14.12M	-	-	-	-
Other Investing Activities, Total	-	-	2.31M	-	-
Cash from Investing	-161M	-83.89M	-80.47M	-118M	54.16M
Long-Term Debt Issued, Total	5M	2.33B	600M	-	-
Total Debt Issued	5M	2.33B	600M	-	-
Long-Term Debt Repaid, Total	-110M	-2.53B	-113M	-5.93M	-7.8M
Total Debt Repaid	-110M	-2.53B	-113M	-5.93M	-7.8M
Issuance of Common Stock	17.63M	18.08M	18.17M	22.23M	25.11M
Repurchase of Common Stock	-199M	-176M	-1.66B	-1.04B	-606M
Other Financing Activities, Total	-	-56.54M	-7.32M	-	-
Cash from Financing	-286M	-416M	-1.16B	-1.03B	-589M
Foreign Exchange Rate Adjustments	3.61M	28.58M	-26.38M	-18.42M	-13K
Net Change in Cash	122M	432M	48.02M	-62M	621M
Supplemental Items
Cash Interest Paid	102M	112M	102M	113M	119M
Cash Income Tax Paid (Refund)	119M	33.92M	253M	175M	307M
Levered Free Cash Flow	413M	739M	1B	870M	1.01B
Unlevered Free Cash Flow	471M	803M	1.06B	911M	1.08B
Change In Net Working Capital	-102M	-295M	-200M	-10.61M	-158M
Net Debt Issued / Repaid	-105M	-201M	487M	-5.93M	-7.8M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	3.55	4.28	8.23	9.87	9.34
Return on Total Capital	6.54	7.61	15.71	20.57	19.81
Return On Equity %	26.08	26.29	108.6	269.78	194.28
Return on Common Equity	26.08	26.29	108.6	269.78	194.28
Margin Analysis
Gross Profit Margin %	63.48	67.19	69.5	69.07	67.78
SG&A Margin	49.56	49.76	44.51	44.34	45.4
EBITDA Margin %	13.44	16.73	24.25	24.01	21.57
EBITA Margin %	11.98	15.14	22.81	23.02	20.71
EBIT Margin %	8.93	12.09	20.5	21.22	19.14
Income From Continuing Operations Margin %	5.5	6.51	16.76	14.75	14.94
Net Income Margin %	5.5	6.51	16.76	14.75	14.94
Net Avail. For Common Margin %	5.5	6.51	16.76	14.75	14.94
Normalized Net Income Margin	4.1	5.75	11.53	12.44	10.99
Levered Free Cash Flow Margin	9.73	18.02	21.13	15.88	17.05
Unlevered Free Cash Flow Margin	11.1	19.58	22.34	16.64	18.33
Asset Turnover
Asset Turnover	0.64	0.57	0.64	0.74	0.78
Fixed Assets Turnover	6.46	4.04	5.24	7.19	8.88
Receivables Turnover (Average Receivables)	3.23	3.15	3.58	3.7	3.68
Short Term Liquidity
Current Ratio	0.71	0.79	0.78	0.77	0.91
Quick Ratio	0.57	0.67	0.63	0.63	0.78
Operating Cash Flow to Current Liabilities	0.2	0.31	0.39	0.31	0.31
Days Sales Outstanding (Average Receivables)	113	116.21	101.82	98.76	99.11
Average Days Payable Outstanding	8.3	9.74	11.1	14.28	14.03
Long Term Solvency
Total Debt/Equity	336.41	270.73	890.43	1.39K	451.08
Total Debt / Total Capital	77.09	73.03	89.9	93.27	81.85
LT Debt/Equity	313.37	257.95	858.77	1.34K	435.2
Long-Term Debt / Total Capital	71.81	69.58	86.71	90.1	78.97
Total Liabilities / Total Assets	86.88	85.1	95	96.88	91.31
EBIT / Interest Expense	3.69	4.29	9.87	15.73	8.78
EBITDA / Interest Expense	6.74	6.96	12.75	18.95	10.52
(EBITDA - Capex) / Interest Expense	5.29	6.24	12.14	17.49	9.72
Total Debt / EBITDA	4.56	3.67	2.64	2.25	2.26
Net Debt / EBITDA	4.15	2.78	2.03	1.75	1.29
Total Debt / (EBITDA - Capex)	5.8	4.09	2.77	2.44	2.45
Net Debt / (EBITDA - Capex)	5.29	3.1	2.13	1.9	1.39
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	6.79	-3.44	15.48	15.67	7.87
Gross Profit, 1 Yr. Growth %	7.5	2.21	19.44	14.96	5.86
EBITDA, 1 Yr. Growth %	-6.22	20.16	67.4	14.5	-3.07
EBITA, 1 Yr. Growth %	-8.05	22.04	73.94	16.75	-2.96
EBIT, 1 Yr. Growth %	3.49	30.81	95.72	19.78	-2.69
Earnings From Cont. Operations, 1 Yr. Growth %	90.51	14.34	197.5	1.79	9.24
Net Income, 1 Yr. Growth %	90.51