Gartner (IT) FY2018 results: revenue $4.0 billion, up 20.1% on the year
Gartner Inc. (IT) reported revenue of $4.0 billion for fiscal 2018, the year ended 31 December 2018, up 20.1% on the year before. Net income was $122 million, up 3634.6%, and diluted earnings per share $1.33. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2019.
Revenue
$4.0 billion
+20.1% on the year
FY2011FY2018
Operating margin
6.5%
-0.2% a year earlier
FY2011FY2018
Net income
$122 million
+3,634.6% on the year
FY2011FY2018
Diluted EPS
$1.33
+3,225.0% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
3,975
3,311
2,445
+20.1%
Cost of revenue
1,469
1,320
946
+11.3%
Gross profit
2,507
1,991
1,499
+25.9%
Gross margin
63.1%
60.1%
61.3%
Selling, general and administrative
1,884
1,599
1,089
+17.8%
Operating income
260
-6.3
305
Operating margin
6.5%
-0.2%
12.5%
Interest expense
127
128
27.6
-0.9%
Pre-tax income
181
-128
288
Income tax
58.7
-131
94.8
Effective tax rate
32.4%
n/a
32.9%
Net income
122
3.3
194
+3,634.6%
Net margin
3.1%
0.1%
7.9%
Diluted EPS
$1.33
$0.04
$2.31
+3,225.0%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
471
255
366
+85.1%
Capital expenditure
127
111
49.9
+14.5%
Free cash flow
344
144
316
+139.5%
Free cash flow margin
8.7%
4.3%
12.9%
Cash from investing
384
-2,753
-98.1
Cash from financing
-1,257
2,540
-175
Depreciation and amortisation
256
240
62.0
+6.4%
Share-based compensation
66.2
78.9
46.7
-16.2%
Buybacks
261
41.3
59.0
+532.0%
Diluted shares, weighted
92m
90m
84m
+2.6%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
851
983
60.9
-13.5%
Debt
2,282
3,279
694
-30.4%
Operating lease liabilities
165
116
38.0
+42.8%
Other liabilities
2,904
2,905
1,574
-0.0%
Total liabilities and equity
6,201
7,283
2,367
-14.9%
Fixed assets
268
222
122
+20.8%
Goodwill
2,923
2,987
738
-2.1%
Intangible assets
1,043
1,292
76.8
-19.3%
Cash and equivalents
156
539
474
-71.0%
Receivables
1,255
1,177
643
+6.7%
Other assets
557
1,067
313
-47.8%
Total assets
6,201
7,283
2,367
-14.9%
10-K for the year ended 31 December 2018, filed 22 February 2019: the filing.