Gartner Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	885.65	1,254	882.47	807.8	793.56	266.75
Depreciation & Amortization	143.57	142.22	143.3	152.35	177.81	190.08
Other Amortization	64.25	64.69	52.49	44.17	38.76	37.32
Loss (Gain) From Sale of Assets	-	-	-135.41	-	-	-
Asset Writedown & Restructuring Costs	162.66	10.91	20.37	53.97	49.54	-
Stock-Based Compensation	153.91	154.78	129.84	90.57	98.57	62.54
Other Operating Activities	-134.76	-100.21	2.11	-12.92	13.35	81.64
Change in Accounts Receivable	203.37	-137.77	-24.66	-240.7	-145.35	99.41
Change in Accounts Payable	-13.96	29.4	-28.55	-101.91	121.24	111.94
Change in Unearned Revenue	-69.92	181.18	169.92	297.12	324.06	16
Change in Other Net Operating Assets	-63.61	-113.99	-56.14	10.98	-159.07	37.6
Operating Cash Flow	1,331	1,485	1,156	1,101	1,312	903.28
Operating Cash Flow Growth	-3.11%	28.48%	4.93%	-16.08%	45.30%	59.75%
Capital Expenditures	-115.25	-101.74	-103.12	-108.05	-59.83	-83.89
Cash Acquisitions	-	-2	-3.8	-9.51	-22.94	-
Divestitures	-	-	161.08	-	-	-
Other Investing Activities	-	-	-	-	2.31	-
Investing Cash Flow	-115.25	-103.74	54.16	-117.56	-80.47	-83.89
Long-Term Debt Issued	-	274.4	-	-	600	2,332
Long-Term Debt Repaid	-	-274.4	-7.8	-5.93	-112.92	-2,533
Net Debt Issued (Repaid)	-	-	-7.8	-5.93	487.09	-201.47
Issuance of Common Stock	32.6	28.19	25.11	22.23	18.17	18.09
Repurchase of Common Stock	-1,595	-735.36	-606.19	-1,044	-1,656	-176.3
Other Financing Activities	-	-2.97	-	-	-7.32	-56.54
Financing Cash Flow	-1,562	-710.14	-588.88	-1,027	-1,158	-416.22
Foreign Exchange Rate Adjustments	8.57	-57.49	-0.01	-18.43	-26.38	28.58
Net Cash Flow	-337.56	613.55	621	-62	48.02	431.75
Free Cash Flow	1,216	1,383	1,053	993.37	1,253	819.39
Free Cash Flow Growth	-4.12%	31.41%	5.96%	-20.70%	52.87%	96.77%
Free Cash Flow Margin	18.82%	22.07%	17.82%	18.14%	26.46%	19.99%
Free Cash Flow Per Share	15.78	17.66	13.21	12.25	14.54	9.10
Cash Interest Paid	100.09	100.09	119.04	112.83	101.89	112.25
Cash Income Tax Paid	312.89	312.89	306.68	174.8	253.38	33.92
Levered Free Cash Flow	1,072	951.34	1,007	837.14	1,000	738.91
Unlevered Free Cash Flow	1,139	1,026	1,083	911.44	1,058	802.76
Change in Working Capital	55.88	-41.18	60.57	-34.51	140.88	264.95

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.