← FORRESTER RESEARCH, INC.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $17.7m | $15.1m | $15.4m | ($9.6m) | $10.0m | $24.8m | $21.8m | $3.0m | ($5.7m) | ($119.4m) | — | |
| Amortization of Debt Issuance Costs | — | — | — | $968k | $981k | $920k | $443k | $446k | $0 | $0 | — | |
| Amortization of Intangible Assets | $831k | $781k | $1.2m | $22.6m | $19.7m | $15.1m | $13.2m | $12.0m | $9.6m | $8.7m | — | |
| Capitalized Computer Software, Amortization | — | — | $4.2m | $5.1m | $4.9m | $5k | $4.8m | $4.7m | $4.3m | $3.2m | — | |
| Depreciation | $7.8m | $6.6m | $8.0m | $8.6m | $9.9m | $9.4m | $9.3m | $8.5m | $7.6m | $6.0m | $12.2m | |
| Deferred Income Tax Expense (Benefit) | $2.6m | $6.4m | $2.9m | ($4.0m) | ($1.7m) | ($275k) | ($6.7m) | ($5.5m) | ($58k) | ($3.9m) | $12.0m | |
| Share-based Payment Arrangement, Noncash Expense | $8.0m | $8.5m | $8.3m | $11.7m | $10.9m | $10.1m | $14.5m | $15.5m | $14.3m | $12.3m | $11.4m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | $2.5m | $2.5m | $2.3m | $2.9m | $3.4m | $3.1m | $2.7m | $2.6m | $1.3m | — | |
| Share-based Payment Arrangement, Expense | $8.0m | $8.5m | $8.3m | $11.7m | $10.9m | $10.1m | $14.5m | $15.5m | $14.3m | $12.3m | $11.4m | |
| Goodwill, Impairment Loss | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $110.7m | $36.1m | |
| Operating Lease, Impairment Loss | — | — | — | — | $2.3m | — | — | — | — | — | — | |
| Restructuring Costs and Asset Impairment Charges | — | — | — | — | — | — | $9.3m | $13.3m | $11.8m | $11.7m | — | |
| Other Nonoperating Income (Expense) | $740k | $301k | $674k | ($515k) | ($374k) | ($1.2m) | $222k | $2.4m | $4.1m | $3.8m | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts Receivable | ($8.0m) | $10.3m | ($2.6m) | ($3.7m) | ($234k) | ($3.9m) | ($12.8m) | ($14.7m) | $9k | ($4.8m) | $3.7m | |
| Increase (Decrease) in Accounts Payable | $1.3m | ($1.6m) | $172k | $278k | $109k | $201k | ($461k) | $1.4m | ($814k) | ($144k) | ($478k) | |
| Net Cash Provided by (Used in) Operating Activities | $41.9m |
$37.5m
-10.43%
|
$38.4m
+2.47%
|
$48.4m
+26.00%
|
$47.8m
-1.35%
|
$107.1m
+124.21%
|
$39.4m
-63.18%
|
$21.7m
-45.03%
|
($3.9m)
-117.81%
|
$21.1m
+646.00%
|
$23.0m
+9.14%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $4.1m | $7.9m | $5.0m | $11.9m | $8.9m | $10.7m | $5.7m | $5.5m | $3.4m | $3.0m | ($20.0m) | |
| Debt Securities, Available-for-sale, Realized Gain (Loss) | — | — | — | — | — | $0 | $0 | $0 | $0 | $0 | — | |
| Gain (Loss) on Investments | ($805k) | — | $426k | $45k | $2.5m | $0 | $309k | $208k | $814k | $2k | $7.3m | |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale | — | — | $63.6m | — | — | $2.0m | $27.3m | $28.3m | $51.7m | $15.2m | — | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | $9.2m | $237.7m | — | $0 | — | — | — | — | — | |
| Payments for (Proceeds from) Other Investing Activities | $48k | ($343k) | — | ($29k) | ($4.3m) | ($56k) | ($201k) | ($13k) | $62k | ($1.6m) | — | |
| Net Cash Provided by (Used in) Investing Activities | ($17.9m) | ($970k) | $40.1m | ($249.5m) | ($4.6m) | ($29.3m) | ($6.8m) | ($36.8m) | $5.0m | ($14.1m) | ($25.2m) | |
| Cash flows from financing activities: | ||||||||||||
| Payments for Repurchase of Common Stock | $1.8m | $40.0m | $9.9m | — | — | $20.1m | $15.1m | $4.1m | $15.9m | $2.5m | — | |
| Payments of Ordinary Dividends, Common Stock | $13.0m | $13.6m | $14.5m | — | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Financing Activities | $2.5m |
($37.6m)
-1601.16%
|
($14.0m)
+62.91%
|
$129.4m
+1027.60%
|
($23.7m)
-118.30%
|
($49.1m)
-107.47%
|
($38.9m)
+20.90%
|
($18.3m)
+52.92%
|
($16.1m)
+12.02%
|
($2.6m)
+84.04%
|
($3.8m)
-49.28%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | $3.9m | $60.5m | ($71.1m) | $21.5m | $27.4m | ($12.4m) | ($30.6m) | ($16.9m) | $7.4m | $64.0m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $3.9m | ($4.0m) | $69.2m | $90.7m | $118.0m | $105.7m | $75.0m | $58.2m | $65.6m | $64.0m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | — | $7.0m | $4.4m | $3.3m | $2.0m | $2.6m | $2.6m | $2.2m | — | |
| Income Taxes Paid, Net | $8.5m | $10.4m | $4.2m | $4.4m | $3.2m | $9.8m | $8.9m | $10.6m | $9.3m | $7.2m | — | |
| Additional Financial Items | ||||||||||||
| Derivative, Gain (Loss) on Derivative, Net | — | — | — | — | ($1.0m) | ($897k) | ($297k) | ($13k) | $81k | $261k | — | |
| Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal | — | — | — | — | — | — | — | — | ($1.8m) | $0 | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | $81k | ($632k) | ($603k) | ($933k) | ($582k) | $1.5m | ($200k) | ($300k) | ($800k) | ($700k) | — | |
| Foreign Currency Transaction Gain (Loss), Realized | $100k | ($600k) | — | — | — | — | — | — | — | — | — | |
| Gain (Loss) on Disposition of Business | — | — | — | — | — | — | — | — | ($1.8m) | $0 | — | |
| General and Administrative Expense | $40.6m | $41.9m | $43.9m | $53.0m | $50.4m | $58.1m | $67.7m | $68.5m | $58.8m | $52.7m | — | |
| Goodwill | $73.2m | $76.2m | $85.2m | $243.9m | $247.2m | $245.0m | $242.1m | $244.3m | $228.0m | $120.4m | $36.1m | |
| Income Tax Expense (Benefit) | $13.1m | $12.2m | $8.1m | ($29k) | $2.9m | $8.3m | $8.9m | $3.2m | $8.4m | ($49k) | — | |
| Financing Receivable, Credit Loss, Expense (Reversal) | — | — | — | — | — | — | — | — | — | $7.3m | — | |
| Realized Investment Gains (Losses) | ($800k) | ($500k) | $600k | — | $2.5m | — | $300k | — | — | — | — |