FORRESTER RESEARCH INC
For the period ended Dec 31, 2023. Filed Mar 8, 2024.
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FY2023 · Filed Mar 8, 2024
FORR$8.90+0.8%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
(In thousands, except per share data)
| December 31, | December 31, | |
|---|---|---|
| 2023 | 2022 | |
| ASSETS | ||
| Current Assets: | ||
| Cash and cash equivalents | $72,909 | $103,629 |
| Marketable investments (Note 2) | 51,580 | 19,688 |
| Accounts receivable, net of allowance for expected credit losses of $574 and $560 as of December 31, 2023 and 2022, respectively (Note 1, 13) | 58,999 | 73,345 |
| Deferred commissions | 23,207 | 24,559 |
| Prepaid expenses and other current assets | 9,305 | 14,069 |
| Total current assets | 216,000 | 235,290 |
| Property and equipment, net | 19,401 | 23,208 |
| Operating lease right-of-use assets | 39,722 | 49,970 |
| Goodwill | 244,257 | 242,149 |
| Intangible assets, net | 37,637 | 49,504 |
| Other assets | 7,157 | 8,317 |
| Total assets | $564,174 | $608,438 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| Current Liabilities: | ||
| Accounts payable | $1,796 | $361 |
| Accrued expenses and other current liabilities | 81,482 | 91,007 |
| Deferred revenue | 156,798 | 178,021 |
| Total current liabilities | 240,076 | 269,389 |
| Long-term debt | 35,000 | 50,000 |
| Non-current operating lease liabilities | 37,673 | 50,751 |
| Other non-current liabilities (Note 13) | 11,160 | 16,642 |
| Total liabilities | 323,909 | 386,782 |
| Commitments and contingencies (Note 14) | ||
| Stockholders' Equity: | ||
| Preferred stock, $0.01 par value | ||
| Authorized - 500 shares; issued and outstanding - none | — | — |
| Common stock, $0.01 par value | ||
| Authorized - 125,000 shares | ||
| Issued - 24,684 and 24,367 shares as of December 31, 2023 and 2022, respectively | ||
| Outstanding - 19,248 and 19,062 shares as of December 31, 2023 and 2022, respectively | 247 | 244 |
| Additional paid-in capital | 278,057 | 261,766 |
| Retained earnings | 177,681 | 174,631 |
| Treasury stock - 5,437 and 5,305 shares as of December 31, 2023 and 2022, respectively | (211,149) | (207,067) |
| Accumulated other comprehensive loss | (4,571) | (7,918) |
| Total stockholders’ equity | 240,265 | 221,656 |
| Total liabilities and stockholders’ equity | $564,174 | $608,438 |
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