GARTNER INC
For the period ended Dec 31, 2024. Filed Feb 13, 2025.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 13, 2025
IT$188.92-1.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 8. CONSOLIDATED STATEMENTS OF CASH FLOWS
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Operating activities: | |||
| Net income | $1,253,715 | $882,466 | $807,799 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 202,315 | 191,103 | 191,946 |
| Stock-based compensation expense | 154,784 | 129,841 | 90,566 |
| Deferred taxes | (162,081) | (64,173) | (30,702) |
| Gain from sale of divested operation | — | (135,410) | — |
| Loss on impairment of lease related assets, net | 10,909 | 20,368 | 53,970 |
| Reduction in the carrying amount of operating lease right-of-use assets | 65,742 | 70,207 | 70,086 |
| Amortization and write-off of deferred financing fees | 4,591 | 4,689 | 4,574 |
| Gain on de-designated swaps | (3,870) | (3,925) | (52,308) |
| Changes in assets and liabilities, net of acquisitions and divestitures: | |||
| Fees receivable, net | (137,768) | (24,662) | (240,696) |
| Deferred commissions | (41,555) | (13,716) | 5,574 |
| Prepaid expenses and other current assets | (28,933) | (7,893) | (3,039) |
| Other assets | (43,503) | (34,528) | 8,440 |
| Deferred revenues | 181,180 | 169,917 | 297,124 |
| Accounts payable and accrued and other liabilities | 29,396 | (28,547) | (101,912) |
| Cash provided by operating activities | 1,484,922 | 1,155,737 | 1,101,422 |
| Investing activities: | |||
| Additions to property, equipment and leasehold improvements | (101,737) | (103,124) | (108,050) |
| Acquisitions - cash paid (net of cash acquired) | (2,000) | (3,800) | (9,508) |
| Proceeds from sale of divested operation | — | 161,081 | — |
| Cash (used in) provided by investing activities | (103,737) | 54,157 | (117,558) |
| Financing activities: | |||
| Proceeds from employee stock purchase plan | 28,187 | 25,107 | 22,231 |
| Payments for deferred financing fees | (2,972) | — | — |
| Proceeds from revolving credit facility | 274,400 | — | — |
| Payments on borrowings | (274,400) | (7,800) | (5,931) |
| Purchases of treasury stock | (735,358) | (606,188) | (1,043,742) |
| Cash used in financing activities | (710,143) | (588,881) | (1,027,442) |
| Net increase (decrease) in cash and cash equivalents and restricted cash | 671,042 | 621,013 | (43,578) |
| Effects of exchange rates on cash and cash equivalents and restricted cash | (57,494) | (13) | (18,425) |
| Cash and cash equivalents and restricted cash, beginning of year | 1,319,599 | 698,599 | 760,602 |
| Cash and cash equivalents and restricted cash, end of year | $1,933,147 | $1,319,599 | $698,599 |
| Supplemental disclosures of cash flow information: | |||
| Cash paid during the year for: | |||
| Interest | $100,085 | $119,038 | $112,825 |
| Income taxes, net of refunds received | $312,894 | $306,682 | $174,802 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.