Forrester Research Inc. (FORR) Financial Statements (2024 and earlier)

Company Profile

Business Address 60 ACORN PARK DRIVE
CAMBRIDGE, MA 02140
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 87 - Engineering, Accounting, Research, Management, And Related Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments72,909103,629115,76990,25767,904140,296
Cash and cash equivalents72,909103,629115,76990,25767,904140,296
Restricted cash and investments    3951,250 
Receivables58,99973,34586,96584,69584,60567,318
Other undisclosed current assets84,09258,31666,75441,81338,27728,479
Total current assets:216,000235,290269,488217,160192,036236,093
Noncurrent Assets
Operating lease, right-of-use asset39,72249,97065,00969,29669,100
Property, plant and equipment19,40123,20828,24527,03229,93722,005
Intangible assets, net (including goodwill)281,894291,653307,727325,206341,25890,116
Goodwill244,257242,149244,994247,211243,89585,165
Intangible assets, net (excluding goodwill)37,63749,50462,73377,99597,3634,951
Other noncurrent assets7,1578,3179,6605,5246,8295,310
Total noncurrent assets:348,174373,148410,641427,058447,124117,431
TOTAL ASSETS:564,174608,438680,129644,218639,160353,524
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities83,27891,36898,64077,27780,36254,653
Accounts payable1,796361840657505588
Accrued liabilities81,48291,00797,80076,62079,85754,065
Debt    12,5009,375 
Other undisclosed current liabilities156,798178,021213,696179,968179,194135,332
Total current liabilities:240,076269,389312,336269,745268,931189,985
Noncurrent Liabilities
Long-term debt and lease obligation35,00050,000140,038165,622188,232 
Long-term debt, excluding current maturities35,00050,00075,00095,299121,170 
Liabilities, other than long-term debt48,83367,39323,84823,08523,9098,506
Accounts payable and accrued liabilities      935
Deferred rent credit      6,602
Deferred tax liabilities, net969
Other liabilities11,16016,64223,84823,08523,909 
Operating lease, liability37,67350,75165,03870,32367,062
Other undisclosed noncurrent liabilities      3,433
Total noncurrent liabilities:83,833117,393163,886188,707212,14111,939
Total liabilities:323,909386,782476,222458,452481,072201,924
Equity
Equity, attributable to parent240,265221,656203,907185,766158,088151,600
Common stock247244241236233230
Treasury stock, value(211,149)(207,067)(191,955)(171,889)(171,889)(171,889)
Additional paid in capital278,057261,766245,985230,128216,454200,696
Accumulated other comprehensive loss(4,571)(7,918)(3,189)(690)(4,857)(5,154)
Retained earnings177,681174,631152,825127,981118,147127,717
Total equity:240,265221,656203,907185,766158,088151,600
TOTAL LIABILITIES AND EQUITY:564,174608,438680,129644,218639,160353,524

Income Statement (P&L) ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues480,779537,787494,315448,984461,697357,575
Cost of revenue(198,029)(212,256)(178,443)(159,242)(182,584)(129,661)
Cost of goods and services sold(204,484)     
Gross profit:282,750325,531315,872289,742279,113227,914
Operating expenses(11,956)(13,161)(15,129)(19,683)(22,619)(1,162)
Other undisclosed operating loss(264,028)(279,716)(262,101)(253,884)(257,569)(204,327)
Operating income (loss):6,76632,65438,64216,175(1,075)22,425
Nonoperating income (expense)2,579531(1,229)2,098(470)1,100
Investment income, nonoperating208309 2,47245426
Other nonoperating income (expense)2,371222(1,229)(374)(515)674
Interest and debt expense  (2,461)(4,222)(5,340)(8,054) 
Income (loss) from continuing operations before equity method investments, income taxes:9,34530,72433,19112,933(9,599)23,525
Other undisclosed loss from continuing operations before income taxes(3,060)     
Income (loss) from continuing operations before income taxes:6,28530,72433,19112,933(9,599)23,525
Income tax expense (benefit)(3,235)(8,918)(8,347)(2,943)29(8,145)
Income (loss) from continuing operations:3,05021,80624,8449,990(9,570)15,380
Income (loss) before gain (loss) on sale of properties:24,8449,990(9,570)15,380
Net income (loss) available to common stockholders, diluted:3,05021,80624,8449,990(9,570)15,380

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):3,05021,80624,8449,990(9,570)15,380
Comprehensive income (loss):3,05021,80624,8449,990(9,570)15,380
Other undisclosed comprehensive income (loss), net of tax, attributable to parent3,347(4,729)(2,499)4,167297(3,116)
Comprehensive income (loss), net of tax, attributable to parent:6,39717,07722,34514,157(9,273)12,264

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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