Gartner (IT) FY2013 results: revenue $1.8 billion, up 10.4% on the year
Gartner Inc. (IT) reported revenue of $1.8 billion for fiscal 2013, the year ended 31 December 2013, up 10.4% on the year before. Net income was $183 million, up 10.2%, and diluted earnings per share $1.93. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2014.
Revenue
$1.8 billion
+10.4% on the year
FY2008FY2013
Operating margin
15.4%
15.2% a year earlier
FY2008FY2013
Net income
$183 million
+10.2% on the year
FY2008FY2013
Diluted EPS
$1.93
+11.6% on the year
FY2008FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
1,784
1,616
1,469
+10.4%
Cost of revenue
713
659
609
+8.3%
Gross profit
1,078
964
863
+11.9%
Gross margin
60.4%
59.6%
58.8%
Selling, general and administrative
760
679
614
+12.0%
Operating income
275
246
214
+12.1%
Operating margin
15.4%
15.2%
14.6%
Interest expense
10.4
9.9
11.2
+4.9%
Pre-tax income
266
236
202
+13.1%
Income tax
83.6
69.7
65.3
+20.0%
Effective tax rate
31.4%
29.6%
32.3%
Net income
183
166
137
+10.2%
Net margin
10.2%
10.3%
9.3%
Diluted EPS
$1.93
$1.73
$1.39
+11.6%
$ 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
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
316
280
256
+12.8%
Capital expenditure
36.5
44.3
42.0
-17.7%
Free cash flow
279
235
214
+18.5%
Free cash flow margin
15.6%
14.6%
14.5%
Cash from investing
-36.5
-54.7
-42.0
Cash from financing
-154
-72.6
-187
Depreciation and amortisation
34.4
29.8
32.1
+15.7%
Share-based compensation
34.7
36.4
32.9
-4.5%
Buybacks
182
111
212
+63.3%
Diluted shares, weighted
95m
96m
99m
-1.1%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
361
307
182
+17.8%
Debt
205
205
200
0.0%
Other liabilities
1,217
1,110
998
+9.7%
Total liabilities and equity
1,784
1,621
1,380
+10.0%
Fixed assets
91.8
89.1
68.1
+3.0%
Goodwill
519
520
509
-0.1%
Intangible assets
6.1
11.8
7.1
-48.3%
Cash and equivalents
424
300
143
+41.4%
Receivables
491
464
421
+5.8%
Other assets
252
237
232
+6.1%
Total assets
1,784
1,621
1,380
+10.0%
10-K for the year ended 31 December 2013, filed 26 February 2014: the filing.