For the year ending 2025-12-31, IT had -$264,495K decrease in cash & cash equivalents over the period.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Net income | 729,231 | 1,253,715 | 882,466 | 807,799 |
| Depreciation and amortization | 200,309 | 202,315 | 191,103 | 191,946 |
| Stock-based compensation expense | 155,877 | 154,784 | 129,841 | 90,566 |
| Deferred taxes | 828 | -162,081 | -64,173 | -30,702 |
| Goodwill impairment | 150,000 | - | - | - |
| Gain from sale of divested operation | 0 | 0 | 135,410 | - |
| Loss on impairment of lease related assets, net | 4,766 | 10,909 | 20,368 | 53,970 |
| Loss on extinguishment of debt | - | - | - | 0 |
| Reduction in the carrying amount of operating lease right-of-use assets | 64,196 | 65,742 | 70,207 | 70,086 |
| Amortization and write-off of deferred financing fees | - | 4,591 | 4,689 | 4,574 |
| Amortization of deferred swap losses from de-designation | - | - | - | 0 |
| Amortization and write-off of deferred financing fees and unamortized discounts | 4,288 | - | - | - |
| Gain on de-designated swaps | 489 | 3,870 | 3,925 | 52,308 |
| Fees receivable, net | -38,027 | 137,768 | 24,662 | 240,696 |
| Deferred commissions | -25,250 | 41,555 | 13,716 | -5,574 |
| Prepaid expenses and other current assets | -1,760 | 28,933 | 7,893 | 3,039 |
| Other assets | 30,939 | 43,503 | 34,528 | -8,440 |
| Deferred revenues | -41,944 | 181,180 | 169,917 | 297,124 |
| Accounts payable and accrued and other liabilities | -10,795 | 29,396 | -28,547 | -101,912 |
| Cash provided by operating activities | 1,290,365 | 1,484,922 | 1,155,737 | 1,101,422 |
| Additions to property, equipment and leasehold improvements | 115,142 | 101,737 | 103,124 | 108,050 |
| Acquisitions - cash paid (net of cash acquired) | 0 | 2,000 | 3,800 | 9,508 |
| Proceeds from sale of divested operation | 0 | 0 | 161,081 | - |
| Other | - | - | 0 | 0 |
| Cash (used in) provided by investing activities | -115,142 | -103,737 | 54,157 | -117,558 |
| Proceeds from employee stock purchase plan | 32,450 | 28,187 | 25,107 | 22,231 |
| Proceeds from issuance of long-term debt, net of discounts | 799,859 | - | 0 | 0 |
| Early redemption premium payment | - | - | - | 0 |
| Payments for deferred financing fees | 6,480 | 2,972 | 0 | 0 |
| Proceeds from revolving credit facility | 0 | 274,400 | - | 0 |
| Payments on revolving credit facility | 274,400 | - | 0 | 0 |
| Payments on long-term debt | 0 | 274,400 | 7,800 | 5,931 |
| Purchases of treasury stock | 1,991,147 | 735,358 | 606,188 | 1,043,742 |
| Cash used in financing activities | -1,439,718 | -710,143 | -588,881 | -1,027,442 |
| Net (decrease) increase in cash and cash equivalents and restricted cash | -264,495 | 671,042 | 621,013 | -43,578 |
| Effect of exchange rate changes on cash | 53,869 | -57,494 | -13 | -18,425 |
| Cash and cash equivalents at beginning of period | 1,933,147 | 1,319,599 | 698,599 | 760,602 |
| Cash and cash equivalents at end of period | 1,722,521 | 1,933,147 | 1,319,599 | 698,599 |
GARTNER INC (IT)
GARTNER INC (IT)