Gartner, Inc. IT Cash Flow

Gartner, inc. (IT)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10
Operating activities:
Net income
75,097	67,701	41,388	103,406	20,795	84,020	11,753	46,270	-19,587	107,307	-48,180	-92,281	36,433	66,485	30,483	51,627	44,987	65,763	30,366	51,155	28,351	59,144	33,846	53,040	37,736	61,418	38,194	46,514	36,675	58,823	31,375	41,484	34,221	45,024	30,464	32,223	29,191	36,694	20,075	20,113	19,403
Adjustments to reconcile net income to cash provided by operating activities:
Depreciation and amortization
54,696	53,660	52,398	52,263	53,458	52,520	68,187	66,838	68,056	71,520	68,564	83,557	16,530	15,965	15,752	15,235	15,017	15,209	12,188	9,606	10,128	10,524	10,450	9,700	8,738	8,978	8,609	8,421	8,434	8,364	7,663	7,110	6,634	7,133	7,377	8,756	8,798	8,662	8,725	8,977	9,510
Stock-based compensation expense
25,129	11,115	12,954	13,120	31,819	10,154	10,718	14,342	30,958	11,013	14,357	30,997	22,576	10,533	9,521	11,112	15,495	9,169	9,588	10,663	16,729	9,420	8,808	6,865	13,752	7,686	7,475	7,232	12,342	8,357	9,219	7,863	10,939	8,115	7,757	7,831	9,162	9,336	7,264	6,875	9,159
Excess tax benefits from stock-based compensation exercises
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,638	105	3,561	7,556	918	5,000	3,129	11,146	6,980	1,298	3,895	13,219	41,670	-3,638	-2,944	-13,784	48,030	-44,398	1,327	20,613	-30,939	4,754	2,633	5,188
Deferred taxes
25,537	-4,997	-1,376	-23,884	-25,530	6,270	13,273	21,156	-39,175	-117,964	-21,446	-66,006	-11,998	10,767	-12,570	1,346	-2,191	6,068	-8,022	5,656	-3,358	540	-5,749	-2,901	7,351	11,674	6,736	125	-1,872	4,241	133	-1,737	-1,664	-4,777	5,207	9,591	-10,986	4,090	-5,992	166	-873
Loss from divested operations
0	0	0	0	-2,075	6,947	13,040	25,460	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Reduction in the carrying amount of operating lease right-of-use assets
22,862	-	-	-	20,939	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of lease right-of-use assets
-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization and write-off of deferred financing fees
1,637	1,632	1,627	1,622	1,616	1,610	1,604	8,733	1,868	1,826	3,761	9,007	468	471	453	1,747	411	-880	797	758	837	1,073	472	519	581	603	635	614	858	496	504	499	509	555	551	587	595	782	254	259	272
Changes in assets and liabilities:
Fees receivable, net
-135,661	281,861	-74,291	-62,451	-78,390	287,682	-91,457	-24,451	-56,771	353,426	-29,849	-12,980	57,919	94,903	-46,622	1,291	19,089	101,521	-43,463	-3,951	-9,631	113,789	-34,456	-7,119	4,210	97,829	-42,661	-9,220	-17,851	92,774	-23,497	-70,355	39,695	42,864	27,938	13,829	-25,744	-33,029	6,211	-12,560	-8,799
Deferred commissions
-17,520	65,644	-12,355	-18,901	-4,073	69,463	-16,398	-22,330	512	64,624	-2,754	2,525	-3,002	31,049	2,945	-8,274	-7,047	31,487	-2,712	-7,187	-8,352	36,886	-6,507	-9,461	-8,578	28,663	-1,208	-4,734	-4,113	22,073	-3,476	-13,391	3,665	-4,426	18,915	-4,496	-3,065	13,501	-2,188	-7,631	-5,866
Prepaid expenses and other current assets
12,656	-19,926	17,675	-7,843	-8,891	-13,844	-18,513	29,057	53,851	-45,410	9,706	17,138	5,315	-21,798	44,069	7,538	-8,205	-29,079	25,154	-5,771	22,964	-20,814	18,835	630	4,366	-19,653	16,902	-529	4,467	-8,199	11,366	13,542	-6,105	2,701	-8,339	-7,069	9,167	-3,588	8,362	-7,670	2,520
Other assets
-5,961	-19,651	-2,570	21,007	28,517	11,988	418	-9,441	-14,421	-58,019	59,220	598	16,730	1,592	-23,134	6,973	-5,436	1,855	24,042	1,763	-12,927	5,836	-2,405	2,397	1,311	2,204	536	-3,939	6,467	-12,684	-4,274	3,986	-2,141	-6,448	1,259	-552	1,344	-70,447	2,745	27,130	6,442
Deferred revenues
-26,228	111,197	22,083	-37,817	85,740	118,252	-18,421	10,462	76,854	184,499	30,941	75,039	92,373	-16,218	7,426	27,630	79,141	-17,755	16,141	19,246	74,208	12,761	15,493	11,820	65,280	16,276	-2,658	16,301	51,019	10,964	13,954	11,905	34,822	17,744	38,543	10,074	25,404	25,525	33,180	-4,020	30,651
Accounts payable and accrued and other liabilities
-269,467	127,681	6,892	28,967	-218,153	134,557	49,240	4,517	-133,079	78,670	137,875	79,291	-109,025	103,612	46,673	47,283	-141,128	110,102	58,972	35,071	-121,622	114,323	39,998	46,821	-104,513	82,973	17,629	26,889	-85,574	74,719	30,208	20,603	-88,112	89,486	16,570	22,553	-84,512	75,995	21,161	39,090	-76,603
Cash provided by operating activities
55,749	82,835	219,523	227,482	35,596	45,147	249,264	174,023	2,724	22,250	149,549	112,323	-29,605	83,369	120,480	148,452	13,331	79,254	116,904	143,740	5,663	71,170	122,851	136,288	16,470	73,585	101,753	120,623	19,693	71,062	109,299	80,773	18,679	79,101	112,552	88,576	-24,663	79,124	64,783	69,558	-7,966
Investing activities:
Additions to property, equipment and leasehold improvements
24,536	53,315	36,222	39,419	20,060	62,242	24,505	22,447	17,679	35,146	33,992	30,927	10,700	12,986	11,540	18,777	6,560	10,061	12,453	11,982	11,632	12,970	6,365	9,966	9,185	8,726	8,137	9,987	9,648	13,537	10,158	13,524	7,118	18,234	14,260	5,755	3,705	9,483	4,518	4,281	3,412
Acquisitions - cash paid (net of cash acquired)
0	-	-	-	2,295	-	-	-	-	-1,770	37,592	2,493,013	111,165	18,833	-533	29,096	800	26,376	169,853	0	0	16,763	0	5,758	101,770	0	0	0	0	-	-	-	-	-	-	-	-	0	0	455	11,696
Other, net
-	-	-	-	-	-	-	1,000	-1,000	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisitions - increase in restricted cash (escrow)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	863	13,500	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Cash used in investing activities
-24,536	-62,889	-36,222	-39,419	-22,355	-56,172	73,807	383,095	-16,679	-35,156	-71,584	-2,523,940	-121,865	-31,819	-11,007	-47,873	-7,360	-10,812	-207,931	-11,982	-11,632	-15,370	-6,365	-16,587	-124,455	-8,726	-8,137	-9,987	-9,648	-13,537	-10,985	-23,033	-7,118	-18,234	-14,260	-5,755	-3,705	-9,483	-4,518	-4,736	-15,108
Financing activities:
Proceeds from employee stock purchase plan
5,641	4,394	4,158	3,994	5,083	3,555	3,507	3,503	4,124	3,161	2,888	2,640	3,022	2,319	2,229	2,122	2,580	1,916	1,759	1,748	2,076	1,402	1,301	2,636	2,428	1,503	1,184	1,400	1,955	1,870	1,809	3,227	5,524	2,240	1,424	2,289	14,058	4,147	8,383	4,283	6,714
Proceeds from borrowings
0	0	0	-30,000	35,000	0	0	0	0	0	140,000	1,930,000	955,000	-32,500	-82,500	760,000	70,000	-10,000	130,000	55,000	265,000	225,625	-1,250	23,750	151,875	1,875	1,875	1,875	200,000	12,500	7,412	-32,705	47,793	-5,000	-5,000	-30,011	40,011	173,000	-36,000	11,000	52,000
Payments of Debt Issuance Costs
-	-	-	-	-	-	-	-	-	29	1	32,397	18,773	0	0	4,975	0	-	-	-	-	-	-	-	-	0	0	0	3,553	-	-	-	-	-	-	-	-	-	-	-	-
Payments on borrowings
967	-33	-35	90,965	18,682	-109,318	261,681	553,796	304,813	64,814	219,812	119,812	0	7,500	7,500	815,000	5,000	5,000	5,000	5,000	5,000	190,625	3,750	3,750	1,875	1,875	1,875	1,875	200,000	7,500	7,500	7,500	7,500	5,000	5,000	5,156	5,000	257,627	21,000	21,000	14,000
Purchases of treasury stock
73,164	57,564	94,878	1,719	44,839	156,400	8,129	67,877	28,394	4,112	3,402	11,808	21,978	6,072	922	6,480	45,487	56,049	11,558	117,400	324,042	44,880	79,678	111,598	195,850	24,485	59,251	49,473	48,527	22,004	4,625	7,518	77,157	70,772	53,355	35,963	51,896	23,344	1,372	39,932	35,172
Excess tax benefits from stock-based compensation exercises
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,638	105	3,561	7,556	918	5,000	3,129	11,146	6,980	1,298	3,895	13,219	41,670	-3,638	-2,944	-13,784	3,114	518	1,327	20,613	5,789	4,754	2,633	5,188
Cash used in financing activities
-68,490	-53,179	-90,685	-118,690	-23,438	-43,559	-266,303	-618,170	-329,083	-65,737	-80,327	1,768,623	917,271	-43,753	-88,693	-64,333	22,093	-66,495	115,306	-62,091	-54,410	-12,184	-78,377	-85,833	-32,276	-16,002	-56,769	-44,178	-36,906	-14,196	734	-41,552	-17,556	-75,418	-61,413	-67,514	17,786	-98,035	-45,235	-43,016	14,730
Net increase (decrease) in cash and cash equivalents and restricted cash
-37,277	-33,233	92,616	69,373	-10,197	-54,584	56,768	-61,052	-343,038	-78,643	-2,362	-642,994	765,801	7,797	20,780	36,246	28,064	1,947	24,279	69,667	-60,379	43,616	38,109	33,868	-140,261	48,857	36,847	66,458	-26,861	43,329	99,048	16,188	-5,995	-14,551	36,879	15,307	-10,582	-28,394	15,030	21,806	-8,344
Effects of exchange rates on cash and cash equivalents
-15,709	7,342	-4,342	-190	804	-45	-3,432	-6,622	3,610	-2,475	17,971	4,399	6,007	-13,308	-99	4,864	2,903	-215	-10,616	6,261	-23,270	-19,534	-14,814	773	-445	612	4,311	-2,158	-3,928	1,132	5,812	-4,642	2,241	387	-5,317	1,031	-596	163	11,018	-5,355	-2,317
Supplemental disclosures of cash flow information: