Gartner, Inc.
NYSE-IT
Dec '05
Dec '09
Dec '13
Dec '17
Dec '21
LTM
| Operating Activities | LTM | Dec '24 | Dec '23 | Dec '22 | Dec '21 | Dec '20 | Dec '19 | Dec '18 | Dec '17 | Dec '16 | Dec '15 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Net Income | 885.7 | 1,253.7 | 882.5 | 807.8 | 793.6 | 266.7 | 233.3 | 122.5 | 3.3 | 193.6 | 175.6 |
Depreciation & Amortization | 203.7 | 202.3 | 191.1 | 191.9 | 212.4 | 219 | 211.8 | 255.6 | 240.2 | 62 | 47.1 |
Share-Based Compensation Expense | 153.9 | 154.8 | 129.8 | 90.6 | 98.6 | 62.5 | 69 | 66.2 | 78.9 | 46.7 | 46.1 |
Other Adjustments | -117.9 | -84.7 | -108.2 | 45.6 | 67.1 | 90.1 | 30.1 | -30.1 | -202.4 | -2.1 | -12 |
Changes in Trade Receivables | 203.4 | -137.8 | -24.7 | -240.7 | -145.3 | 99.4 | -66.7 | -115 | -368.5 | -68.7 | -44.5 |
Changes in Accounts Payable | -14 | 29.4 | -28.5 | -101.9 | 121.2 | 111.9 | -54.6 | 55.2 | 186.8 | 56.4 | 82.5 |
Changes in Unearned Revenue | -69.9 | 181.2 | 169.9 | 297.1 | 324.1 | 16 | 181.2 | 187.1 | 382.9 | 98 | 91.8 |
Changes in Other Operating Activities | -63.6 | -114 | -56.1 | 11 | -159.1 | 37.6 | -38.6 | -70.3 | -66.7 | -20.3 | -41.2 |
Cash from Operating Activities | 1,331.2 | 1,484.9 | 1,155.7 | 1,101.4 | 1,312.5 | 903.3 | 565.4 | 471.2 | 254.5 | 365.6 | 345.6 |
| Investing Activities | LTM | Dec '24 | Dec '23 | Dec '22 | Dec '21 | Dec '20 | Dec '19 | Dec '18 | Dec '17 | Dec '16 | Dec '15 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Capital Expenditure | -115.3 | -101.7 | -103.1 | -108.1 | -59.8 | -83.9 | -149 | -126.9 | -110.8 | -49.9 | -46.1 |
Proceeds from Sale of Investments | — | — | — | — | — | — | 14.1 | — | — | — | — |
Payments for Business Acquisitions | — | -2 | -3.8 | -9.5 | -22.9 | — | -26 | -15.9 | -2,641.8 | -48.2 | -196.2 |
Proceeds from Business Divestments | — | — | 161.1 | — | — | — | — | 526.8 | — | — | — |
Other Investing Activities | — | — | — | — | 2.3 | — | — | — | — | — | — |
Cash from Investing Activities | -115.3 | -103.7 | 54.2 | -117.6 | -80.5 | -83.9 | -160.9 | 384.1 | -2,752.5 | -98.1 | -242.4 |
| Financing Activities | LTM | Dec '24 | Dec '23 | Dec '22 | Dec '21 | Dec '20 | Dec '19 | Dec '18 | Dec '17 | Dec '16 | Dec '15 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Issuance of Short-Term Debt | — | 274.4 | — | — | — | 332 | 309 | 248 | — | — | — |
Repayments of Short-Term Debt | — | — | — | — | -5 | -475 | -316 | -688 | — | — | — |
Net Issuance / (Repayments) of Short-Term Debt | — | 274.4 | — | — | -5 | -143 | -7 | -440 | — | — | — |
Issuance of Long-Term Debt | — | — | — | — | 600 | 2,000 | 5 | — | 3,025 | 715 | 440 |
Repayments of Long-Term Debt | — | -274.4 | -7.8 | -5.9 | -107.9 | -2,089.2 | -102.6 | -571 | -404.4 | -835 | -20 |
Net Issuance / (Repayments) of Long-Term Debt | — | -274.4 | -7.8 | -5.9 | 492.1 | -89.2 | -97.6 | -571 | 2,620.6 | -120 | 420 |
Issuance of Common Shares | 32.6 | 28.2 | 25.1 | 22.2 | 18.2 | 18.1 | 17.6 | 14.7 | 11.7 | 9.3 | 7.5 |
Repurchases of Common Shares | -1,594.7 | -735.4 | -606.2 | -1,043.7 | -1,655.5 | -176.3 | -199 | -260.8 | -41.3 | -59 | -509 |
Net Issuance / (Repurchases) of Common Shares | -1,562.1 | -707.2 | -581.1 | -1,021.5 | -1,637.4 | -158.2 | -181.4 | -246.1 | -29.6 | -49.7 | -501.6 |
Other Financing Activities | — | -3 | — | — | -7.3 | -25.8 | — | — | -51.2 | -5 | 13.9 |
Cash from Financing Activities | -1,562.1 | -710.1 | -588.9 | -1,027.4 | -1,157.6 | -416.2 | -286 | -1,257.1 | 2,539.8 | -174.7 | -67.7 |
| Free Cash Flow | LTM | Dec '24 | Dec '23 | Dec '22 | Dec '21 | Dec '20 | Dec '19 | Dec '18 | Dec '17 | Dec '16 | Dec '15 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Free Cash Flow | 1,215.9 | 1,383.2 | 1,052.6 | 993.4 | 1,252.6 | 819.4 | 416.4 | 344.3 | 143.8 | 315.8 | 299.4 |
NOPAT | 935.1 | 1,044.9 | 951.5 | 865.1 | 749.3 | 400.9 | 313.1 | 175.6 | 0.2 | 204.8 | 185.8 |
Levered Free Cash Flow | 826.6 | 1,450.9 | 1,047.9 | 1,092 | 1,719.4 | 335.2 | 279.4 | -587.7 | 3,256.2 | 219.8 | 729.8 |
Unlevered Free Cash Flow | 876 | 1,242.1 | 1,124.7 | 1,155.2 | 1,188.1 | 701.5 | 463.8 | 476.4 | 632.6 | 351.1 | 319.9 |
Net Change in Cash | -346.1 | 671 | 621 | -43.6 | 74.4 | 403.2 | 118.6 | -401.9 | 41.8 | 92.9 | 35.5 |