$MANH
Manhattan Associates Inc

2015 Q2 Form 10-Q Financial Statement

#000156459015005703 Filed on July 28, 2015

View on sec.gov

Income Statement

Concept 2015 Q2 2014 Q2
Revenue $139.1M $122.5M
YoY Change 13.53% 19.52%
Cost Of Revenue $58.76M $52.57M
YoY Change 11.78% 19.43%
Gross Profit $80.35M $69.96M
YoY Change 14.84% 19.59%
Gross Profit Margin 57.76% 57.1%
Selling, General & Admin $23.82M $24.10M
YoY Change -1.19% 21.61%
% of Gross Profit 29.64% 34.45%
Research & Development $13.26M $11.87M
YoY Change 11.71% 7.57%
% of Gross Profit 16.5% 16.96%
Depreciation & Amortization $1.900M $1.489M
YoY Change 27.6% 2.06%
% of Gross Profit 2.36% 2.13%
Operating Expenses $37.07M $35.97M
YoY Change 3.06% 16.59%
Operating Profit $41.37M $32.50M
YoY Change 27.3% 24.11%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net $359.0K $312.0K
YoY Change 15.06% -74.9%
Pretax Income $41.73M $32.81M
YoY Change 27.19% 19.62%
Income Tax $15.73M $12.22M
% Of Pretax Income 37.69% 37.24%
Net Earnings $26.00M $20.59M
YoY Change 26.27% 18.31%
Net Earnings / Revenue 18.69% 16.81%
Basic Earnings Per Share $0.35 $0.27
Diluted Earnings Per Share $0.35 $0.27
COMMON SHARES
Basic Shares Outstanding 73.62M 75.27M
Diluted Shares Outstanding 74.13M 76.04M

Balance Sheet

Concept 2015 Q2 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $108.4M $101.4M
YoY Change 6.9% -4.79%
Cash & Equivalents $100.2M $91.12M
Short-Term Investments $8.200M $10.30M
Other Short-Term Assets $19.40M $16.50M
YoY Change 17.58% 7.14%
Inventory
Prepaid Expenses
Receivables $82.90M $86.69M
Other Receivables $0.00 $1.700M
Total Short-Term Assets $210.7M $206.3M
YoY Change 2.12% 8.39%
LONG-TERM ASSETS
Property, Plant & Equipment $19.60M $15.04M
YoY Change 30.35% 6.13%
Goodwill $62.27M
YoY Change 0.01%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $7.800M $5.000M
YoY Change 56.0% 138.1%
Total Long-Term Assets $89.60M $82.30M
YoY Change 8.87% 4.85%
TOTAL ASSETS
Total Short-Term Assets $210.7M $206.3M
Total Long-Term Assets $89.60M $82.30M
Total Assets $300.3M $288.6M
YoY Change 4.05% 7.36%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $9.400M $9.660M
YoY Change -2.69% 30.89%
Accrued Expenses $33.60M $30.20M
YoY Change 11.26% 23.27%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $102.9M $99.87M
YoY Change 3.04% 9.97%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $13.60M $12.44M
YoY Change 9.37% 17.02%
Total Long-Term Liabilities $13.60M $12.44M
YoY Change 9.37% 17.02%
TOTAL LIABILITIES
Total Short-Term Liabilities $102.9M $99.87M
Total Long-Term Liabilities $13.60M $12.44M
Total Liabilities $116.4M $112.3M
YoY Change 3.65% 10.71%
SHAREHOLDERS EQUITY
Retained Earnings $182.1M
YoY Change 4.18%
Common Stock $751.0K
YoY Change 289.12%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $183.9M $176.3M
YoY Change
Total Liabilities & Shareholders Equity $300.3M $288.6M
YoY Change 4.05% 7.36%

Cashflow Statement

Concept 2015 Q2 2014 Q2
OPERATING ACTIVITIES
Net Income $26.00M $20.59M
YoY Change 26.27% 18.31%
Depreciation, Depletion And Amortization $1.900M $1.489M
YoY Change 27.6% 2.06%
Cash From Operating Activities $27.50M $1.900M
YoY Change 1347.37% -86.03%
INVESTING ACTIVITIES
Capital Expenditures -$2.700M -$2.400M
YoY Change 12.5% 140.0%
Acquisitions
YoY Change
Other Investing Activities $1.700M -$1.000M
YoY Change -270.0% 0.0%
Cash From Investing Activities -$900.0K -$3.400M
YoY Change -73.53% 70.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -23.80M -24.70M
YoY Change -3.64% 97.6%
NET CHANGE
Cash From Operating Activities 27.50M 1.900M
Cash From Investing Activities -900.0K -3.400M
Cash From Financing Activities -23.80M -24.70M
Net Change In Cash 2.800M -26.20M
YoY Change -110.69% 2811.11%
FREE CASH FLOW
Cash From Operating Activities $27.50M $1.900M
Capital Expenditures -$2.700M -$2.400M
Free Cash Flow $30.20M $4.300M
YoY Change 602.33% -70.55%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
us-gaap Payments For Proceeds From Short Term Investments
PaymentsForProceedsFromShortTermInvestments
-447000
us-gaap Payments For Proceeds From Short Term Investments
PaymentsForProceedsFromShortTermInvestments
1441000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
61330000
CY2015Q2 us-gaap Cost Of Revenue
CostOfRevenue
58764000
CY2014Q2 us-gaap Cost Of Revenue
CostOfRevenue
52570000
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3
us-gaap Cost Of Revenue
CostOfRevenue
117001000
us-gaap Cost Of Revenue
CostOfRevenue
100122000
CY2015Q2 us-gaap Maintenance Revenue
MaintenanceRevenue
30796000
CY2015Q2 us-gaap Restricted Stock Expense
RestrictedStockExpense
2700000
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-5322000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
535000
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
7825000
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-52970000
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
52000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-15552000
CY2013Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
124375000
CY2015Q2 us-gaap Technology Services Revenue
TechnologyServicesRevenue
76548000
CY2015Q2 us-gaap Reimbursement Revenue
ReimbursementRevenue
4900000
CY2015Q2 us-gaap Cash
Cash
69600000
CY2015Q2 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
30600000
CY2015Q2 us-gaap Long Term Investments
LongTermInvestments
0
CY2015Q2 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
0
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
153764
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
104652
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
49112
CY2015Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.377
CY2015Q2 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
0
manh Amount Of Dilutive Securities Stock Options And Restrictive Stock Units Per Share
AmountOfDilutiveSecuritiesStockOptionsAndRestrictiveStockUnitsPerShare
-0.01
CY2015Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
508000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0
CY2015Q2 us-gaap Operating Expenses
OperatingExpenses
37073000
CY2014Q2 us-gaap Operating Expenses
OperatingExpenses
35971000
us-gaap Operating Expenses
OperatingExpenses
73714000
us-gaap Operating Expenses
OperatingExpenses
70443000

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