FACTSET RESEARCH SYSTEMS INC
For the period ended May 31, 2024. Filed Jul 3, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
May 31, 2024 · Filed Jul 3, 2024
FDS$325.98-0.2%Stored close · as of Nov 10, 2026
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Consolidated Statements of Cash Flows for the
CONSOLIDATED STATEMENTS OF CASH FLOWS – Unaudited
| Nine Months Ended | ||
|---|---|---|
| May 31, | ||
| (in thousands) | 2024 | 2023 |
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net income | $447,630 | $403,054 |
| Adjustments to reconcile net income to net cash provided by operating activities | ||
| Depreciation and amortization | 91,154 | 78,681 |
| Amortization of lease right-of-use assets | 22,846 | 29,245 |
| Stock-based compensation expense | 46,707 | 44,365 |
| Deferred income taxes | (6,979) | (12,716) |
| Asset impairments | 1,063 | 1,167 |
| Changes in assets and liabilities, net of effects of acquisitions | ||
| Accounts receivable, net of reserves | (7,176) | (37,879) |
| Accounts payable and accrued expenses | 17,296 | 5,870 |
| Accrued compensation | (33,329) | (39,935) |
| Deferred revenues | 13,817 | (3,861) |
| Taxes payable, net of prepaid taxes | (15,992) | 19,112 |
| Lease liabilities, net | (31,687) | (34,041) |
| Other, net | (8,173) | 36,841 |
| Net cash provided by operating activities | 537,177 | 489,903 |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||
| Purchases of property, equipment, leasehold improvements and capitalized internal-use software | (59,722) | (61,421) |
| Purchases of investments | (44,936) | (10,889) |
| Net cash provided by (used in) investing activities | (104,658) | (72,310) |
| CASH FLOWS FROM FINANCING ACTIVITIES | ||
| Repayments of debt | (187,500) | (312,500) |
| Dividend payments | (111,297) | (101,377) |
| Proceeds from employee stock plans | 83,497 | 55,885 |
| Repurchases of common stock | (171,918) | (67,092) |
| Other financing activities | (15,690) | (12,273) |
| Net cash provided by (used in) financing activities | (402,908) | (437,357) |
| Effect of exchange rate changes on cash and cash equivalents | (1,911) | 3,118 |
| Net increase (decrease) in cash and cash equivalents | 27,700 | (16,646) |
| Cash and cash equivalents at beginning of period | 425,444 | 503,273 |
| Cash and cash equivalents at end of period | $453,144 | $486,627 |
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