Gartner Inc. Files Q3 2024 10-Q
Ticker: IT · Form: 10-Q · Filed: Nov 5, 2024 · CIK: 749251
| Field | Detail |
|---|---|
| Company | Gartner Inc (IT) |
| Form Type | 10-Q |
| Filed Date | Nov 5, 2024 |
| Risk Level | low |
| Pages | 15 |
| Reading Time | 18 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, quarterly-report, financials
TL;DR
Gartner's Q3 2024 10-Q is in. Check financials.
AI Summary
Gartner Inc. filed its 10-Q for the period ending September 30, 2024. The filing details financial performance and operational updates for the third quarter of 2024. Key financial metrics and business segment information are provided, reflecting the company's ongoing operations and strategic positioning in the market.
Why It Matters
This filing provides investors and analysts with the latest financial results and operational details for Gartner Inc., crucial for understanding the company's performance and future outlook.
Risk Assessment
Risk Level: low — This is a routine quarterly filing providing standard financial disclosures.
Key Numbers
- 2024 Q3 — Reporting Period (Third quarter of 2024 financial reporting)
- 1231 — Fiscal Year End (Indicates the end of the company's fiscal year)
Key Players & Entities
- GARTNER INC (company) — Filer
- 20240930 (date) — Period of Report
- 20241105 (date) — Filing Date
- STAMFORD (location) — Business Address City
FAQ
What is the reporting period for this 10-Q filing?
The reporting period for this 10-Q filing is 20240930, meaning the quarter ending September 30, 2024.
When was this 10-Q filed with the SEC?
This 10-Q was filed on 20241105.
What is Gartner Inc.'s fiscal year end?
Gartner Inc.'s fiscal year ends on 1231.
What is the company's primary SIC code?
The company's primary SIC code is 8741, which corresponds to SERVICES-MANAGEMENT SERVICES.
Where is Gartner Inc. headquartered?
Gartner Inc.'s business and mailing address is in STAMFORD, CT.
Filing Stats: 4,558 words · 18 min read · ~15 pages · Grade level 15.5 · Accepted 2024-11-05 06:05:10
Filing Documents
- it-20240930.htm (10-Q) — 1531KB
- exhibit32-gartnerbylawsoct.htm (EX-3.2) — 205KB
- it-09302024xex311.htm (EX-31.1) — 10KB
- it-09302024xex312.htm (EX-31.2) — 10KB
- it-09302024xex32.htm (EX-32) — 7KB
- 0000749251-24-000041.txt ( ) — 8689KB
- it-20240930.xsd (EX-101.SCH) — 44KB
- it-20240930_cal.xml (EX-101.CAL) — 70KB
- it-20240930_def.xml (EX-101.DEF) — 236KB
- it-20240930_lab.xml (EX-101.LAB) — 602KB
- it-20240930_pre.xml (EX-101.PRE) — 440KB
- it-20240930_htm.xml (XML) — 1595KB
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION
FINANCIAL STATEMENTS (Unaudited)
ITEM 1. FINANCIAL STATEMENTS (Unaudited) Condensed Consolidated Balance Sheets at September 30, 2024 and December 31, 2023 3 Condensed Consolidated Statements of Operations for the Three and Nine Months Ended September 30, 2024 and 2023 4 Condensed Consolidated Statements of Comprehensive Income for the Three and Nine Months Ended September 30, 2024 and 2023 5 Condensed Consolidated Statements of Changes in Stockholders' Equity for the Three and Nine Months Ended September 30, 2024 and 2023 6 Condensed Consolidated Statements of Cash Flows for the Nine Months Ended September 30, 2024 and 2023 8 Notes to Condensed Consolidated Financial Statements 9
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 28
QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 40
CONTROLS AND PROCEDURES
ITEM 4. CONTROLS AND PROCEDURES 41
OTHER INFORMATION
PART II. OTHER INFORMATION
LEGAL PROCEEDINGS
ITEM 1. LEGAL PROCEEDINGS 42
RISK FACTORS
ITEM 1A. RISK FACTORS 42
UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS 42
OTHER INFORMATION
ITEM 5. OTHER INFORMATION 42
EXHIBITS
ITEM 6. EXHIBITS 44 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) September 30, December 31, 2024 2023 Assets Current assets: Cash and cash equivalents $ 1,768,292 $ 1,318,999 Fees receivable, net of allowances of $ 9,000 for both periods 1,305,754 1,601,228 Deferred commissions 303,999 380,479 Prepaid expenses and other current assets 173,484 127,180 Total current assets 3,551,529 3,427,886 Property, equipment and leasehold improvements, net 254,101 262,718 Operating lease right-of-use assets 326,211 366,809 Goodwill 2,937,780 2,937,260 Intangible assets, net 440,147 501,958 Other assets 335,682 339,288 Total Assets $ 7,845,450 $ 7,835,919 Liabilities and Stockholders' Equity Current liabilities: Accounts payable and accrued liabilities $ 909,821 $ 1,127,604 Deferred revenues 2,562,139 2,640,515 Current portion of long-term debt — 9,600 Total current liabilities 3,471,960 3,777,719 Long-term debt, net of deferred financing fees 2,458,889 2,448,696 Operating lease liabilities 452,311 513,406 Other liabilities 397,608 415,464 Total Liabilities 6,780,768 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 2,460,664 2,320,289 Accumulated other comprehensive loss, net ( 55,633 ) ( 76,331 ) Accumulated earnings 5,594,434 4,739,292 Treasury stock, at cost, 86,094,671 and 85,264,526 common shares, respectively ( 6,934,865 ) ( 6,302,698 ) Total Stockholders' Equity 1,064,682 680,634 Total Liabilities and Stockholders' Equity $ 7,845,450 $ 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 pe