Gartner (IT) FY2012 results: revenue $1.6 billion, up 10.0% on the year
Gartner Inc. (IT) reported revenue of $1.6 billion for fiscal 2012, the year ended 31 December 2012, up 10.0% on the year before. Net income was $166 million, up 21.2%, and diluted earnings per share $1.73. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2013.
Revenue
$1.6 billion
+10.0% on the year
FY2008FY2012
Operating margin
15.2%
14.6% a year earlier
FY2008FY2012
Net income
$166 million
+21.2% on the year
FY2008FY2012
Diluted EPS
$1.73
+24.5% on the year
FY2008FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
1,616
1,469
1,288
+10.0%
Cost of revenue
659
609
552
+8.3%
Gross profit
964
863
742
+11.6%
Gross margin
59.6%
58.8%
57.6%
Selling, general and administrative
679
614
543
+10.6%
Operating income
246
214
149
+14.8%
Operating margin
15.2%
14.6%
11.6%
Interest expense
9.9
11.2
-16.8
-11.7%
Pre-tax income
236
202
134
+16.5%
Income tax
69.7
65.3
37.8
+6.8%
Effective tax rate
29.6%
32.3%
28.2%
Net income
166
137
96.3
+21.2%
Net margin
10.3%
9.3%
7.5%
Diluted EPS
$1.73
$1.39
$0.96
+24.5%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
280
256
205
+9.5%
Capital expenditure
44.3
42.0
21.7
+5.7%
Free cash flow
235
214
184
+10.2%
Free cash flow margin
14.6%
14.5%
14.3%
Cash from investing
-54.7
-42.0
-33.8
Cash from financing
-72.6
-187
-172
Depreciation and amortisation
29.8
32.1
35.9
-7.2%
Share-based compensation
36.4
32.9
32.6
+10.7%
Buybacks
111
212
99.8
-47.5%
Diluted shares, weighted
96m
99m
100m
-3.0%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
307
182
187
+68.7%
Debt
205
200
220
+2.5%
Other liabilities
1,110
998
878
+11.2%
Total liabilities and equity
1,621
1,380
1,286
+17.5%
Fixed assets
89.1
68.1
47.6
+30.8%
Goodwill
520
509
510
+2.2%
Intangible assets
11.8
7.1
13.6
+67.4%
Cash and equivalents
300
143
120
+110.1%
Receivables
464
421
365
+10.2%
Other assets
237
232
229
+2.0%
Total assets
1,621
1,380
1,286
+17.5%
10-K for the year ended 31 December 2012, filed 22 February 2013: the filing.