FORRESTER RESEARCH INC
For the period ended Dec 31, 2024. Filed Mar 7, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Mar 7, 2025
FORR$8.80-1.1%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEM ENTS OF CASH FLOWS
| Years Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Cash flows from operating activities: | |||
| Net income (loss) | $(5,747) | $3,050 | $21,806 |
| Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | |||
| Depreciation | 7,561 | 8,452 | 9,269 |
| Impairment of property and equipment | 967 | 726 | 1,296 |
| Amortization of intangible assets | 9,648 | 11,956 | 13,161 |
| Deferred income taxes | (58) | (5,461) | (6,652) |
| Stock-based compensation | 14,343 | 15,486 | 14,543 |
| Operating lease right-of-use assets amortization and impairments | 12,974 | 11,658 | 14,511 |
| Loss from sale of divested operation | 1,775 | — | — |
| Other, net | 174 | 192 | 370 |
| Changes in assets and liabilities | |||
| Accounts receivable | (9) | 14,715 | 12,835 |
| Deferred commissions | 63 | 1,352 | 5,070 |
| Prepaid expenses and other current assets | (197) | 6,020 | 4,374 |
| Accounts payable | (814) | 1,428 | (461) |
| Accrued expenses and other liabilities | (20,866) | (10,644) | (6,102) |
| Deferred revenue | (9,105) | (23,279) | (31,656) |
| Operating lease liabilities | (14,570) | (13,978) | (12,939) |
| Net cash provided by (used in) operating activities | (3,861) | 21,673 | 39,425 |
| Cash flows from investing activities: | |||
| Purchases of property and equipment | (3,400) | (5,495) | (5,663) |
| Purchases of marketable investments | (59,365) | (61,068) | (28,683) |
| Proceeds from maturities of marketable investments | 51,735 | 28,338 | 27,331 |
| Proceeds from sales of marketable investments | 10,111 | 1,453 | — |
| Proceeds from sale of divested operation | 6,000 | — | — |
| Other investing activity | (62) | 13 | 201 |
| Net cash provided by (used in) investing activities | 5,019 | (36,759) | (6,814) |
| Cash flows from financing activities: | |||
| Payments on borrowings | — | (15,000) | (25,000) |
| Payment of debt issuance costs | — | (25) | — |
| Repurchases of common stock | (15,920) | (4,082) | (15,112) |
| Proceeds from issuance of common stock under employee equity incentive plans | 2,426 | 3,489 | 4,352 |
| Taxes paid for net share settlements of stock-based compensation awards | (2,605) | (2,681) | (3,111) |
| Net cash used in financing activities | (16,099) | (18,299) | (38,871) |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | (1,914) | 2,773 | (6,117) |
| Net decrease in cash, cash equivalents and restricted cash | (16,855) | (30,612) | (12,377) |
| Cash, cash equivalents and restricted cash, beginning of year | 75,042 | 105,654 | 118,031 |
| Cash, cash equivalents and restricted cash, end of year | $58,187 | $75,042 | $105,654 |
| Supplemental disclosure of cash flow information: | |||
| Cash paid for interest | $2,562 | $2,596 | $2,015 |
| Cash paid for income taxes | $9,277 | $10,643 | $8,901 |
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