Gartner (IT) FY2016 results: revenue $2.4 billion, up 13.0% on the year
Gartner Inc. (IT) reported revenue of $2.4 billion for fiscal 2016, the year ended 31 December 2016, up 13.0% on the year before. Net income was $194 million, up 10.2%, and diluted earnings per share $2.31. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2019.
Revenue
$2.4 billion
+13.0% on the year
FY2009FY2016
Operating margin
12.5%
13.3% a year earlier
FY2009FY2016
Net income
$194 million
+10.2% on the year
FY2009FY2016
Diluted EPS
$2.31
+12.1% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
2,445
2,163
2,021
+13.0%
Cost of revenue
946
839
798
+12.7%
Gross profit
1,499
1,324
1,234
+13.2%
Gross margin
61.3%
61.2%
61.1%
Selling, general and administrative
1,089
963
876
+13.1%
Operating income
305
288
286
+6.0%
Operating margin
12.5%
13.3%
14.2%
Interest expense
27.6
22.5
12.3
+22.3%
Pre-tax income
288
272
275
+6.0%
Income tax
94.8
96.6
90.9
-1.8%
Effective tax rate
32.9%
35.5%
33.1%
Net income
194
176
184
+10.2%
Net margin
7.9%
8.1%
9.1%
Diluted EPS
$2.31
$2.06
$2.03
+12.1%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
366
346
347
+5.8%
Capital expenditure
49.9
46.1
38.5
+8.1%
Free cash flow
316
299
308
+5.5%
Free cash flow margin
12.9%
13.8%
15.3%
Cash from investing
-98.1
-242
-163
Cash from financing
-175
-67.7
-209
Depreciation and amortisation
62.0
47.1
39.4
+31.5%
Share-based compensation
46.7
46.1
38.8
+1.1%
Buybacks
59.0
509
432
-88.4%
Diluted shares, weighted
84m
85m
91m
-1.5%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
60.9
-132
161
Debt
694
819
405
-15.2%
Operating lease liabilities
38.0
n/a
n/a
Other liabilities
1,574
1,482
1,338
+6.2%
Total liabilities and equity
2,367
2,169
1,904
+9.2%
Fixed assets
122
109
98.0
+11.8%
Goodwill
738
715
587
+3.2%
Intangible assets
76.8
96.5
30.7
-20.4%
Cash and equivalents
474
373
365
+27.1%
Receivables
643
581
552
+10.7%
Other assets
313
294
272
+6.5%
Total assets
2,367
2,169
1,904
+9.2%
10-K for the year ended 31 December 2016, filed 22 February 2019: the filing.