Forrester research, inc. (FORR)
Balance Sheet / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Dec'10
ASSETS
Current Assets:
Cash and cash equivalents

69,815

67,904

67,629

69,762

75,012

140,296

92,057

92,997

82,073

79,790

79,960

67,106

74,176

76,958

70,136

68,856

78,654

53,331

45,586

50,163

50,168

49,650

56,932

52,634

80,501

74,132

70,700

55,083

143,944

98,810

80,900

87,663

100,407

81,047

73,586

83,185

86,927

Marketable investments (Note 4)

-

-

-

-

-

-

52,395

50,090

54,258

54,333

54,019

58,129

60,417

61,147

63,104

57,673

41,356

47,775

58,565

60,677

60,832

54,885

55,497

81,024

76,740

81,013

86,961

123,550

120,608

134,876

147,757

148,777

142,885

136,991

139,033

135,114

119,990

Accounts receivable, net of allowance for expected credit losses of $1,144 and $628 as of March 31, 2020 and December 31, 2019, respectively

59,505

84,605

54,612

65,824

69,122

67,318

38,552

49,486

62,154

70,023

39,481

50,954

55,029

58,812

36,024

42,714

49,351

67,355

37,379

42,656

50,000

67,429

39,041

41,182

49,105

77,543

37,009

39,785

49,160

74,623

44,149

47,545

52,249

81,378

43,159

47,714

73,574

Deferred commissions

18,603

20,326

13,641

14,837

17,254

15,677

10,884

12,514

14,722

13,731

9,146

10,578

12,287

12,052

9,639

11,576

13,316

13,529

9,332

10,985

12,969

13,754

9,709

11,278

13,011

12,939

8,408

8,850

9,616

9,410

7,890

9,370

10,274

12,010

9,406

10,765

12,598

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,790

3,925

-

Prepaid expenses and other current assets

24,980

19,201

14,988

16,227

16,299

12,802

13,292

12,789

18,641

18,942

15,817

13,223

14,312

14,467

12,590

14,208

18,713

15,737

21,154

22,330

27,495

22,277

23,207

22,481

23,348

20,762

18,645

16,593

18,036

18,904

21,279

24,934

30,368

25,935

16,181

17,804

24,701

Total current assets

172,903

192,036

150,870

166,650

177,687

236,093

207,180

217,876

231,848

236,819

198,423

199,990

216,221

223,436

191,493

195,027

201,390

197,727

172,016

186,811

201,464

207,995

184,386

208,599

242,705

266,389

221,723

243,861

341,364

336,623

301,975

318,289

336,183

337,361

285,371

300,849

317,790

Long-term marketable investments (Note 5)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,092

8,920

8,926

8,970

9,789

9,686

9,581

9,565

9,539

9,259

9,117

Restricted cash (Note 12 )

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,216

2,342

11,609

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

1,971

-

Property and equipment, net

28,748

29,937

27,609

25,974

26,357

22,005

22,403

23,342

24,487

25,249

26,128

24,439

23,413

23,894

24,846

25,833

26,946

27,569

27,781

29,305

30,571

32,174

33,863

35,789

37,833

39,868

41,058

42,478

44,554

46,300

48,312

48,840

50,361

50,448

51,490

43,090

19,838

Operating lease right-of-use assets

64,220

69,100

71,093

73,167

71,529

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,550

6,656

-

Goodwill

242,690

243,895

238,826

242,265

242,543

85,165

85,126

76,551

76,900

76,169

75,815

75,024

73,552

73,193

74,607

74,444

74,992

74,071

74,772

74,525

74,037

76,683

77,793

79,780

79,992

80,001

79,493

78,480

78,152

78,954

78,211

71,388

71,721

71,543

71,677

71,961

67,958

Intangible assets, net

92,655

97,363

102,915

108,661

114,684

4,951

5,368

617

559

732

927

1,109

1,280

1,464

1,705

1,933

2,165

2,334

2,591

2,801

2,995

3,382

4,019

4,686

5,237

5,777

6,296

6,767

7,291

7,920

8,517

9,029

9,808

10,317

11,170

12,099

8,487

Non-marketable investments (Note 5)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,684

7,726

-

Other assets

7,082

6,829

7,018

7,753

7,578

5,310

8,417

7,756

6,942

6,231

13,095

13,631

13,336

13,798

16,988

18,837

17,426

17,290

15,540

13,944

11,993

12,473

10,828

10,021

8,592

10,167

11,166

11,244

9,815

9,248

17,902

11,689

8,935

8,344

488

573

15,678

Total assets

608,298

639,160

598,331

624,470

640,378

353,524

328,494

326,142

340,736

345,200

314,388

314,193

327,802

335,785

309,639

316,074

322,919

318,991

292,700

307,386

321,060

332,707

310,889

338,875

374,359

402,202

368,828

391,750

490,102

488,015

464,706

468,921

486,589

487,578

441,969

454,184

450,477

LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities:
Accounts payable

352

505

1,093

3,462

1,209

588

512

614

353

217

613

1,080

328

1,806

634

694

1,289

525

595

698

857

912

1,035

966

1,168

1,024

918

1,122

922

772

933

982

689

1,223

5,037

2,743

3,644

Accrued expenses and other current liabilities

51,450

79,857

70,888

67,340

69,946

54,065

41,364

34,300

35,260

49,629

36,838

32,349

29,779

41,403

29,654

30,648

27,371

41,252

29,641

29,168

27,174

36,217

26,516

30,586

28,644

33,471

25,184

26,869

29,586

30,078

25,270

28,775

28,260

30,153

27,959

31,266

36,485

Current portion of long-term debt

10,156

9,375

8,594

7,813

7,031

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue

195,399

179,194

168,008

180,910

191,612

135,332

128,435

143,023

155,425

145,207

132,929

145,350

156,256

134,265

126,178

138,597

154,805

140,676

124,195

136,228

150,417

144,568

129,390

143,938

159,778

152,903

125,787

136,803

152,188

150,495

124,857

134,550

151,708

147,887

117,547

130,356

131,521

Total current liabilities

257,357

268,931

248,583

259,525

269,798

189,985

170,311

177,937

191,038

195,053

170,380

178,779

186,363

177,474

156,466

169,939

183,465

182,453

154,431

166,094

178,448

181,697

156,941

175,490

189,590

187,398

151,889

164,794

182,696

181,345

151,060

164,307

180,657

179,263

150,543

164,365

171,650

Long-term debt, net of deferred financing fees

104,202

121,170

123,355

131,540

143,728

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-current operating lease liabilities

63,840

67,062

63,829

64,818

63,843

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other non-current liabilities

24,727

23,909

14,912

18,901

19,195

11,939

11,353

8,094

8,403

8,958

8,788

8,040

8,188

8,275

10,254

9,436

9,254

9,236

9,277

9,315

9,391

9,408

9,305

9,464

9,458

10,142

8,972

9,233

9,318

9,463

17,499

17,444

18,441

17,580

13,059

11,492

6,920

Total liabilities

450,126

481,072

450,679

474,784

496,564

201,924

181,664

186,031

199,441

204,011

179,168

186,819

194,551

185,749

166,720

179,375

192,719

191,689

163,708

175,409

187,839

191,105

166,246

184,954

199,048

197,540

160,861

174,027

192,014

190,808

168,559

181,751

199,098

196,843

163,602

175,857

178,570

Commitments (Note 8)

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-

-

0

Stockholders' Equity (Note 12):
Preferred stock, $0.01 par value Authorized - 500 shares; issued and outstanding - none

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Common stock, $0.01 par value Authorized - 125,000 shares Issued - 23,389 and 23,275 shares as of March 31, 2020 and December 31, 2019, respectively Outstanding - 18,758 and 18,644 shares as of March 31, 2020 and December 31, 2019, respectively

234

233

232

231

231

230

229

226

225

224

223

219

218

217

215

213

211

211

210

210

209

209

208

207

205

205

204

203

315

315

313

313

310

310

307

307

305

Additional paid-in capital

220,308

216,454

212,656

210,378

206,655

200,696

196,803

189,554

186,335

181,910

175,218

166,022

162,159

157,569

148,411

141,869

138,180

134,967

132,172

129,588

128,479

124,942

120,415

115,803

113,182

109,676

105,396

99,914

392,790

389,362

385,873

382,494

377,077

373,591

368,462

366,354

358,017

Retained earnings

117,477

118,147

113,257

115,956

114,401

127,717

126,006

125,698

121,495

123,010

124,343

123,780

121,069

121,799

119,300

119,456

115,222

117,135

118,131

116,718

114,025

117,318

116,628

116,510

115,214

118,415

118,814

119,197

116,639

117,785

116,504

109,256

104,648

104,662

95,765

90,033

81,652

Treasury stock - 4,631 shares as of March 31, 2020 and December 31, 2019, at cost

171,889

171,889

171,889

171,889

171,889

171,889

171,889

171,585

166,310

161,943

161,943

158,402

143,429

121,976

120,185

120,185

120,185

120,185

117,893

111,040

104,977

99,254

92,645

81,028

55,800

26,088

17,071

424

210,843

210,843

207,187

198,052

188,700

181,000

181,000

175,990

162,595

Accumulated other comprehensive loss

-7,958

-4,857

-6,604

-4,990

-5,584

-5,154

-4,319

-3,782

-450

-2,012

-2,621

-4,245

-6,766

-7,573

-4,822

-4,654

-3,228

-4,826

-3,628

-3,499

-4,515

-1,613

37

2,429

2,510

2,454

624

-1,167

-813

588

644

-6,841

-5,844

-6,828

-5,167

-2,377

-5,472

Total stockholders’ equity

158,172

158,088

147,652

149,686

143,814

151,600

146,830

140,111

141,295

141,189

135,220

127,374

133,251

150,036

142,919

136,699

130,200

127,302

128,992

131,977

133,221

141,602

144,643

153,921

175,311

204,662

207,967

217,723

298,088

297,207

296,147

287,170

287,491

290,735

278,367

278,327

271,907

Total liabilities and stockholders’ equity

608,298

639,160

598,331

624,470

640,378

353,524

328,494

326,142

340,736

345,200

314,388

314,193

327,802

335,785

309,639

316,074

322,919

318,991

292,700

307,386

321,060

332,707

310,889

338,875

374,359

402,202

368,828

391,750

490,102

488,015

464,706

468,921

486,589

487,578

441,969

454,184

450,477