FORRESTER RESEARCH, INC. FORR Income Statement

Forrester research, inc. (FORR)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Revenues:
Total revenues
467,393	461,697	436,011	412,305	380,475	357,575	349,369	344,848	338,228	337,673	330,742	327,800	325,888	326,095	323,624	320,950	315,940	313,726	313,432	314,042	314,178	312,062	308,902	303,354	299,360	297,650	295,034	293,992	294,132	293,031	292,495	293,496	287,853	283,335	268,743	263,622	0	0	0
Operating expenses:
Selling and marketing
171,105	172,865	162,708	152,154	140,846	131,824	130,333	128,507	126,306	123,917	119,763	118,289	117,116	116,898	117,999	117,708	116,854	116,081	115,135	115,352	115,501	115,753	113,646	111,740	109,899	107,073	105,298	103,836	103,314	101,390	100,776	101,394	101,136	101,468	96,629	92,422	0	0	0
General and administrative
51,857	53,042	50,993	48,652	46,371	43,920	44,105	42,996	42,475	41,906	40,892	40,895	40,776	40,579	40,836	40,280	39,256	39,041	37,783	38,276	38,815	38,584	40,428	39,715	38,320	38,280	37,107	36,517	36,742	36,866	35,084	34,292	33,977	33,284	34,665	34,457	0	0	0
Depreciation
8,955	8,572	8,209	8,053	7,982	7,955	7,929	7,571	6,965	6,648	6,605	6,939	7,526	7,812	7,923	8,030	8,050	8,192	8,340	8,466	8,659	9,325	9,550	9,668	9,681	9,268	9,365	9,335	9,288	8,921	8,534	7,692	6,382	5,359	4,278	3,737	0	0	0
Amortization of intangible assets
21,121	22,619	17,355	12,103	7,186	1,162	969	764	776	781	786	797	813	831	849	865	879	891	1,235	1,541	1,853	2,171	2,165	2,192	2,210	2,230	2,336	2,358	2,390	2,445	2,443	2,543	2,483	2,562	2,803	3,029	0	0	0
Acquisition and integration costs
8,856	8,948	8,825	6,760	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Reorganization costs
-	-	-	-	-	-	-	-	-	-	-	-	-	1,026	1,026	1,954	2,024	4,433	4,433	3,434	4,392	1,817	1,817	1,888	1,163	1,905	1,895	1,932	1,669	1,421	0	0	0	-	-	0	-	-	-
Total operating expenses
456,863	462,772	435,169	404,881	366,646	335,150	328,237	321,909	316,103	310,124	301,606	297,861	294,690	295,321	297,780	297,317	293,686	294,899	292,525	293,551	296,700	293,849	292,413	287,489	280,787	275,817	270,124	266,253	264,720	262,271	256,123	254,505	250,707	246,619	239,367	233,866	0	0	0
Income (loss) from operations
10,530	-1,075	842	7,424	13,829	22,425	21,132	22,939	22,125	27,549	29,136	29,939	31,198	30,774	25,844	23,633	22,254	18,827	20,907	20,491	17,478	18,213	16,489	15,865	18,573	21,833	24,910	27,739	29,412	30,760	36,372	38,991	37,146	36,716	29,376	29,756	0	0	0
Interest expense
7,240	8,054	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other income (expense), net
65	-515	-27	165	522	674	525	352	174	301	614	697	1,077	740	543	473	-99	511	559	632	810	464	279	-24	152	592	964	1,392	1,267	1,300	1,253	1,274	1,148	630	-672	98	0	0	0
Losses on investments, net
94	45	427	427	415	426	456	-299	-301	-479	0	0	0	-	0	0	-	-18	-27	-377	-344	-288	-2,374	-2,251	-2,196	-2,433	-888	-151	-165	94	-149	-896	-922	-399	2,025	2,044	0	0	0
Loss before income taxes
3,449	-9,599	-5,099	3,579	12,414	23,525	22,113	22,992	21,998	27,371	29,087	29,660	31,267	30,709	24,994	24,043	22,156	19,320	21,439	20,746	17,944	18,389	14,394	13,590	16,529	19,992	24,986	28,980	30,514	32,154	37,476	39,369	37,372	36,947	30,729	31,898	0	0	0
Income tax expense (benefit)
216	-29	3,986	6,015	8,617	8,145	10,015	10,891	11,621	12,231	10,250	11,664	11,875	13,058	11,113	8,824	8,647	7,324	7,864	8,578	7,237	7,524	4,967	4,697	5,740	6,968	9,487	5,280	5,230	5,858	16,744	14,809	15,111	14,956	4,106	12,911	0	0	0
Net loss
3,233	-9,570	-9,085	-2,436	3,797	15,380	12,098	12,101	10,377	15,140	18,837	17,996	19,392	17,651	13,881	15,219	13,509	11,996	13,575	12,168	10,707	10,865	9,427	8,893	10,789	13,024	15,499	23,700	25,284	26,296	29,538	24,560	22,261	21,991	17,817	18,987	0	0	0
Basic loss per common share
-0.03	0.28	-0.15	0.08	-0.73	0.30	0.22	0.43	-0.10	0.11	0.22	0.34	0.17	0.32	0.17	0.42	0.07	0.11	0.25	0.32	-0.01	-	0.17	0.23	-	0.11	0.12	0.29	0.10	0.21	0.48	0.34	0.14	0.35	0.25	0.24	0.13	0.16	0.31
Diluted loss per common share
-0.03	0.28	-0.15	0.08	-0.73	0.30	0.21	0.43	-0.10	0.11	0.22	0.34	0.16	0.32	0.17	0.41	0.07	0.11	0.25	0.31	-0.01	-	0.16	0.23	-	0.11	0.12	0.28	0.10	0.20	0.47	0.34	0.14	0.33	0.25	0.24	0.13	0.16	0.30
Basic weighted average common shares outstanding
18,705	18,624	18,546	18,435	18,363	18,275	18,088	17,965	18,036	17,984	17,747	17,715	18,230	18,249	18,062	17,863	17,762	17,751	17,892	18,007	18,058	18,195	18,287	18,757	19,613	19,765	20,117	21,256	22,306	22,281	22,398	22,583	22,738	22,647	22,620	22,684	22,713	22,462	22,517
Diluted weighted average common shares outstanding
18,705	18,279	18,546	18,780	18,363	18,761	18,433	18,290	18,036	18,323	18,051	18,050	18,536	18,571	18,435	18,145	17,925	18,181	18,065	18,268	18,058	18,822	18,549	19,044	19,613	20,342	20,665	21,747	22,658	22,662	22,858	23,023	23,173	23,119	23,082	23,203	23,252	23,107	23,135
Cash dividends declared per common share
-	-	-	-	-	-	0.20	0.20	0.20	-	0.19	0.19	0.19	-	0.18	0.18	0.18	-	0.17	0.17	0.17	-	0.16	0.16	0.16	-	0.15	0.15	0.15	-	0.14	0.14	0.14	-	0.00	0.00	-	-	-
Research Services [Member]
Total revenues
302,922	298,735	281,503	263,287	245,308	228,399	222,250	220,153	216,428	216,471	214,771	213,263	213,711	215,216	214,599	214,077	211,658	210,268	210,447	208,864	208,582	207,517	205,135	204,368	203,358	202,843	203,195	203,849	203,609	203,091	201,706	200,439	196,708	191,495	184,025	175,535	0	0	0
Advisory Services and Events [Member]
Total revenues
164,471	162,962	154,508	149,018	135,167	129,176	127,119	124,695	121,800	121,202	115,971	114,537	112,177	110,879	109,025	106,873	104,282	103,458	102,985	105,178	105,596	104,545	103,767	98,986	96,002	94,807	91,839	90,143	90,523	89,940	90,789	93,057	91,145	91,840	84,718	88,087	0	0	0
Cost of Services and Fulfillment [Member]
Cost of services and fulfillment
194,969	196,726	185,575	175,007	157,507	146,502	143,595	141,742	139,581	136,872	133,560	130,941	128,448	128,175	129,147	128,480	126,623	126,261	125,599	126,482	127,480	126,199	124,807	122,286	119,514	117,061	114,123	112,275	111,317	111,228	107,480	106,815	105,011	103,571	100,992	100,221	0	0	0