Gartner Inc. Files 10-Q for Period Ending March 31, 2024

TL;DR

<b>Gartner Inc. filed its quarterly report (10-Q) for the period ending March 31, 2024, detailing financial performance and operational updates.</b>

AI Summary

GARTNER INC (IT) filed a Quarterly Report (10-Q) with the SEC on April 30, 2024. Gartner Inc. reported financial results for the quarter ended March 31, 2024. The filing includes detailed financial statements and disclosures for the period. Key financial data such as revenue, net income, and EPS are presented. The company's balance sheet, cash flow statement, and statement of stockholders' equity are provided. Risk factors and management's discussion and analysis are included in the report.

Why It Matters

For investors and stakeholders tracking GARTNER INC, this filing contains several important signals. This 10-Q provides investors with the latest financial snapshot of Gartner Inc., crucial for understanding its current performance and future outlook. The detailed disclosures within the filing allow for a comprehensive analysis of the company's revenue streams, profitability, and financial health.

Risk Assessment

Risk Level: — GARTNER INC shows moderate risk based on this filing. The company's financial performance is subject to market conditions and competitive pressures inherent in the IT services and consulting industry, as detailed in the risk factors section.

Analyst Insight

Investors should review the detailed segment revenues and growth rates to assess the performance of Gartner's core research and consulting businesses.

Revenue Breakdown

Key Numbers

• 2024-03-31 — Period End Date (Quarterly report period)
• 2024-01-01 — Period Start Date (Quarterly report period)
• 2023-12-31 — Previous Year End Date (Balance sheet date)

Key Players & Entities

• GARTNER INC (company) — Filer name
• 2024-03-31 (date) — Conformed period of report
• 2024-04-30 (date) — Filed as of date
• STAMFORD (location) — Business address city
• CT (location) — Business address state
• 06904-2212 (postal_code) — Business address zip
• 8741 (sic_code) — Standard Industrial Classification
• IT (ticker) — Ticker symbol

FAQ

Risk Factors

• Market Conditions [medium — market]: The company's business is susceptible to changes in general economic conditions and the IT industry.
• Dependence on Key Personnel [medium — operational]: The company's success depends on its ability to attract and retain key research analysts and consultants.
• Debt Covenants [low — financial]: The company is subject to covenants under its credit facilities that could restrict its operations.

Key Dates

• 2024-03-31: Quarter End — End of the reporting period for the 10-Q filing.
• 2024-04-30: Filing Date — Date the 10-Q was officially filed with the SEC.

Glossary

10-Q

A quarterly report required by the U.S. Securities and Exchange Commission (SEC). (Provides investors with a comprehensive overview of a company's financial performance during the quarter.)

Filing Documents

• it-20240331.htm (10-Q) — 1154KB
• esppplan2024amendment.htm (EX-10.2) — 91KB
• it-03312024xex311.htm (EX-31.1) — 10KB
• it-03312024xex312.htm (EX-31.2) — 10KB
• it-03312024xex32.htm (EX-32) — 7KB
• 0000749251-24-000024.txt (&nbsp;) — 7348KB
• it-20240331.xsd (EX-101.SCH) — 43KB
• it-20240331_cal.xml (EX-101.CAL) — 70KB
• it-20240331_def.xml (EX-101.DEF) — 244KB
• it-20240331_lab.xml (EX-101.LAB) — 580KB
• it-20240331_pre.xml (EX-101.PRE) — 441KB
• it-20240331_htm.xml (XML) — 1212KB

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

FINANCIAL STATEMENTS (Unaudited)

ITEM 1. FINANCIAL STATEMENTS (Unaudited) Condensed Consolidated Balance Sheets at March 31, 2024 and December 31, 2023 3 Condensed Consolidated Statements of Operations for the Three Months Ended March 31, 2024 and 2023 4 Condensed Consolidated Statements of Comprehensive Income for the Three Months Ended March 31, 2024 and 2023 5 Condensed Consolidated Statements of Changes in Stockholders' Equity for the Three Months Ended March 31, 2024 and 2023 6 Condensed Consolidated Statements of Cash Flows for the Three Months Ended March 31, 2024 and 2023 7 Notes to Condensed Consolidated Financial Statements 8

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 25

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 36

CONTROLS AND PROCEDURES

ITEM 4. CONTROLS AND PROCEDURES 37

OTHER INFORMATION

PART II. OTHER INFORMATION

LEGAL PROCEEDINGS

ITEM 1. LEGAL PROCEEDINGS 38

RISK FACTORS

ITEM 1A. RISK FACTORS 38

UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS 38

EXHIBITS

ITEM 6. EXHIBITS 39 2

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

FINANCIAL STATEMENTS

ITEM 1. FINANCIAL STATEMENTS GARTNER, INC. AND SUBSIDIARIES Condensed Consolidated Balance Sheets (Unaudited; in thousands, except share data) March 31, December 31, 2024 2023 Assets Current assets: Cash and cash equivalents $ 1,235,801 $ 1,318,999 Fees receivable, net of allowances of $ 9,000 for both periods 1,565,960 1,601,228 Deferred commissions 350,725 380,479 Prepaid expenses and other current assets 173,785 127,180 Total current assets 3,326,271 3,427,886 Property, equipment and leasehold improvements, net 256,536 262,718 Operating lease right-of-use assets 352,400 366,809 Goodwill 2,934,398 2,937,260 Intangible assets, net 477,701 501,958 Other assets 362,504 339,288 Total Assets $ 7,709,810 $ 7,835,919 Liabilities and Stockholders' Equity Current liabilities: Accounts payable and accrued liabilities $ 844,274 $ 1,127,604 Deferred revenues 2,796,016 2,640,515 Current portion of long-term debt — 9,600 Total current liabilities 3,640,290 3,777,719 Long-term debt, net of deferred financing fees 2,456,877 2,448,696 Operating lease liabilities 491,182 513,406 Other liabilities 403,287 415,464 Total Liabilities 6,991,636 7,155,285 Stockholders' Equity Preferred stock, $ 0.01 par value, 5,000,000 shares authorized; none issued or outstanding — — Common stock, $ 0.0005 par value, 250,000,000 shares authorized; 163,602,067 shares issued for both periods 82 82 Additional paid-in capital 2,373,501 2,320,289 Accumulated other comprehensive loss, net ( 82,386 ) ( 76,331 ) Accumulated earnings 4,949,837 4,739,292 Treasury stock, at cost, 85,390,263 and 85,264,526 common shares, respectively ( 6,522,860 ) ( 6,302,698 ) Total Stockholders' Equity 718,174 680,634 Total Liabilities and Stockholders' Equity $ 7,709,810 $ 7,835,919 See the accompanying notes to Condensed Consolidated Financial Statements. 3 GARTNER, INC. AND SUBSIDIARIES Condensed Consolidated Statements of Operations (Unaudited; in thousands, except per shar

View Full Filing

View this 10-Q filing on SEC EDGAR