Forrester Research, Inc. (FORR) financial statements (2022 and earlier)

Company profile

Business Address 60 ACORN PARK DRIVE
CAMBRIDGE, MA 02140
State of Incorp. DE
Fiscal Year End December 31
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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments115,76990,25767,904140,296134,123138,105101,106
Cash and cash equivalents115,76990,25767,904140,29679,79076,95853,331
Short-term investments    54,33361,14747,775
Restricted cash and investments 3951,250    
Receivables86,96584,69584,60567,31870,02358,81267,355
Deferred costs    13,73112,05213,529
Other undisclosed current assets66,75441,81338,27728,47918,94214,46715,737
Total current assets:269,488217,160192,036236,093236,819223,436197,727
Noncurrent Assets
Operating lease, right-of-use asset65,00969,29669,100
Property, plant and equipment28,24527,03229,93722,00525,24923,89427,569
Intangible assets, net (including goodwill)307,727325,206341,25890,11676,90174,65776,405
Goodwill244,994247,211243,89585,16576,16973,19374,071
Intangible assets, net (excluding goodwill)62,73377,99597,3634,9517321,4642,334
Other noncurrent assets9,6605,5246,8295,3106,23113,79817,290
Total noncurrent assets:410,641427,058447,124117,431108,381112,349121,264
TOTAL ASSETS:680,129644,218639,160353,524345,200335,785318,991
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities98,64077,27780,36254,65349,84643,20941,777
Accounts payable8406575055882171,806525
Accrued liabilities97,80076,62079,85754,06549,62941,40341,252
Debt 12,5009,375    
Deferred revenue and credits145,207134,265140,676
Other undisclosed current liabilities213,696179,968179,194135,332   
Total current liabilities:312,336269,745268,931189,985195,053177,474182,453
Noncurrent Liabilities
Long-term debt and lease obligation140,038165,622188,232    
Long-term debt, excluding current maturities75,00095,299121,170    
Operating lease, liability65,03870,32367,062
Liabilities, other than long-term debt23,84823,08523,9098,5067,6007,5009,236
Deferred revenue and credits7,5007,4006,436
Accounts payable and accrued liabilities   935   
Deferred rent credit   6,602
Deferred tax liabilities, net969100100204
Other liabilities23,84823,08523,909   2,596
Other undisclosed noncurrent liabilities   3,4331,358775 
Total noncurrent liabilities:163,886188,707212,14111,9398,9588,2759,236
Total liabilities:476,222458,452481,072201,924204,011185,749191,689
Stockholders' equity
Stockholders' equity attributable to parent203,907185,766158,088151,600141,189150,036127,302
Common stock241236233230224217211
Treasury stock, value(191,955)(171,889)(171,889)(171,889)(161,943)(121,976)(120,185)
Additional paid in capital245,985230,128216,454200,696181,910157,569134,967
Accumulated other comprehensive loss(3,189)(690)(4,857)(5,154)(2,012)(7,573)(4,826)
Retained earnings152,825127,981118,147127,717123,010121,799117,135
Total stockholders' equity:203,907185,766158,088151,600141,189150,036127,302
TOTAL LIABILITIES AND EQUITY:680,129644,218639,160353,524345,200335,785318,991

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues494,315448,984461,697357,575337,673326,095313,726
Revenue, net337,673326,095313,726
Cost of revenue(178,443)(159,242)(182,584)(129,661)(119,494)(119,307)(117,445)
Cost of goods and services sold    (136,872)(128,175)(126,261)
Gross profit:315,872289,742279,113227,914218,179206,788196,281
Operating expenses(15,129)(19,683)(22,619)(1,162)(781)(1,857)(5,324)
Other undisclosed operating loss(262,101)(253,884)(257,569)(204,327)(189,849)(174,157)(172,130)
Operating income (loss):38,64216,175(1,075)22,42527,54930,77418,827
Nonoperating income (expense)(1,229)2,098(470)1,100(178)(65)493
Investment income, nonoperating 2,47245426(479)(805)(18)
Other nonoperating income (expense)(1,229)(374)(515)674301740511
Interest and debt expense(4,222)(5,340)(8,054)    
Income (loss) from continuing operations before income taxes:33,19112,933(9,599)23,52527,37130,70919,320
Income tax expense (benefit)(8,347)(2,943)29(8,145)(12,231)(13,058)(7,324)
Net income (loss) available to common stockholders, diluted:24,8449,990(9,570)15,38015,14017,65111,996

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):24,8449,990(9,570)15,38015,14017,65111,996
Other comprehensive loss      (3,213)
Comprehensive income (loss):24,8449,990(9,570)15,38015,14017,6518,783
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(2,499)4,167297(3,116)5,561(2,747) 
Comprehensive income (loss), net of tax, attributable to parent:22,34514,157(9,273)12,26420,70114,9048,783

Statements sources

The financial statements are based on the company's filings with the 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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