Gartner Inc. Files Q2 2024 10-Q Report
Ticker: IT · Form: 10-Q · Filed: Jul 30, 2024 · CIK: 749251
| Field | Detail |
|---|---|
| Company | Gartner Inc (IT) |
| Form Type | 10-Q |
| Filed Date | Jul 30, 2024 |
| Risk Level | low |
| Pages | 15 |
| Reading Time | 18 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, quarterly-report, financials
TL;DR
Gartner's Q2 10-Q is in: Check financials for Research & Consulting segments.
AI Summary
Gartner Inc. filed its 10-Q for the period ending June 30, 2024, reporting on its financial performance. The filing details revenue from its Research and Consulting segments, alongside operating expenses and net income. Key financial figures and segment performance are outlined for the second quarter and the first half of the year.
Why It Matters
This filing provides investors and analysts with an update on Gartner's financial health and operational performance, crucial for understanding the company's current standing and future prospects in the IT research and advisory market.
Risk Assessment
Risk Level: low — This is a routine quarterly filing providing standard financial disclosures.
Key Numbers
- 2024 Q2 — Reporting Period (Second quarter of 2024)
- 1231 — Fiscal Year End (Indicates the company's fiscal year concludes on December 31st)
Key Players & Entities
- GARTNER INC (company) — Filer of the 10-Q report
- 20240630 (date) — End of the reporting period
- 20240730 (date) — Date the filing was made
- STAMFORD, CT (location) — Company's business and mailing address
FAQ
What is the reporting period for this 10-Q filing?
The reporting period for this 10-Q filing is June 30, 2024.
When was this 10-Q filed with the SEC?
This 10-Q was filed on July 30, 2024.
What is Gartner Inc.'s fiscal year end?
Gartner Inc.'s fiscal year ends on December 31.
What are the primary business segments mentioned in the filing context?
The filing context mentions 'ResearchRevenueMember' and 'it:segment', implying Research and potentially other segments are key.
Where is Gartner Inc. headquartered?
Gartner Inc.'s business and mailing address is in Stamford, CT.
Filing Stats: 4,560 words · 18 min read · ~15 pages · Grade level 15.5 · Accepted 2024-07-30 06:05:01
Filing Documents
- it-20240630.htm (10-Q) — 1483KB
- bylaws_july2024.htm (EX-3.2) — 198KB
- it-06302024xex311.htm (EX-31.1) — 10KB
- it-06302024xex312.htm (EX-31.2) — 10KB
- it-06302024xex32.htm (EX-32) — 7KB
- 0000749251-24-000035.txt ( ) — 8648KB
- it-20240630.xsd (EX-101.SCH) — 44KB
- it-20240630_cal.xml (EX-101.CAL) — 70KB
- it-20240630_def.xml (EX-101.DEF) — 244KB
- it-20240630_lab.xml (EX-101.LAB) — 605KB
- it-20240630_pre.xml (EX-101.PRE) — 450KB
- it-20240630_htm.xml (XML) — 1580KB
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION
FINANCIAL STATEMENTS (Unaudited)
ITEM 1. FINANCIAL STATEMENTS (Unaudited) Condensed Consolidated Balance Sheets at June 30, 2024 and December 31, 2023 3 Condensed Consolidated Statements of Operations for the Three and Six Months Ended June 30, 2024 and 2023 4 Condensed Consolidated Statements of Comprehensive Income for the Three and Six Months Ended June 30, 2024 and 2023 5 Condensed Consolidated Statements of Changes in Stockholders' Equity for the Three and Six Months Ended June 30, 2024 and 2023 6 Condensed Consolidated Statements of Cash Flows for the Six Months Ended June 30, 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 27
QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 39
CONTROLS AND PROCEDURES
ITEM 4. CONTROLS AND PROCEDURES 40
OTHER INFORMATION
PART II. OTHER INFORMATION
LEGAL PROCEEDINGS
ITEM 1. LEGAL PROCEEDINGS 41
RISK FACTORS
ITEM 1A. RISK FACTORS 41
UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS 41
OTHER INFORMATION
ITEM 5. OTHER INFORMATION 41
EXHIBITS
ITEM 6. EXHIBITS 43 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) June 30, December 31, 2024 2023 Assets Current assets: Cash and cash equivalents $ 1,235,785 $ 1,318,999 Fees receivable, net of allowances of $ 9,000 for both periods 1,404,321 1,601,228 Deferred commissions 320,687 380,479 Prepaid expenses and other current assets 147,922 127,180 Total current assets 3,108,715 3,427,886 Property, equipment and leasehold improvements, net 258,450 262,718 Operating lease right-of-use assets 339,805 366,809 Goodwill 2,934,222 2,937,260 Intangible assets, net 455,021 501,958 Other assets 334,496 339,288 Total Assets $ 7,430,709 $ 7,835,919 Liabilities and Stockholders' Equity Current liabilities: Accounts payable and accrued liabilities $ 835,287 $ 1,127,604 Deferred revenues 2,626,511 2,640,515 Current portion of long-term debt — 9,600 Total current liabilities 3,461,798 3,777,719 Long-term debt, net of deferred financing fees 2,457,872 2,448,696 Operating lease liabilities 471,553 513,406 Other liabilities 392,827 415,464 Total Liabilities 6,784,050 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 2,421,835 2,320,289 Accumulated other comprehensive loss, net ( 81,653 ) ( 76,331 ) Accumulated earnings 5,179,385 4,739,292 Treasury stock, at cost, 86,106,177 and 85,264,526 common shares, respectively ( 6,872,990 ) ( 6,302,698 ) Total Stockholders' Equity 646,659 680,634 Total Liabilities and Stockholders' Equity $ 7,430,709 $ 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 share