$MANH
Manhattan Associates Inc

2017 Q3 Form 10-Q Financial Statement

#000156459017020362 Filed on October 30, 2017

View on sec.gov

Income Statement

Concept 2017 Q3 2016 Q3
Revenue $152.9M $152.2M
YoY Change 0.44% 6.96%
Cost Of Revenue $63.07M $61.68M
YoY Change 2.26% 6.17%
Gross Profit $89.81M $90.54M
YoY Change -0.8% 7.51%
Gross Profit Margin 58.74% 59.48%
Selling, General & Admin $21.77M $21.23M
YoY Change 2.55% -14.96%
% of Gross Profit 24.24% 23.45%
Research & Development $14.75M $13.39M
YoY Change 10.14% -1.47%
% of Gross Profit 16.42% 14.79%
Depreciation & Amortization $2.300M $2.300M
YoY Change 0.0% 15.0%
% of Gross Profit 2.56% 2.54%
Operating Expenses $36.52M $34.62M
YoY Change 5.49% -10.2%
Operating Profit $51.10M $53.58M
YoY Change -4.64% 22.67%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net $207.0K $210.0K
YoY Change -1.43% -65.23%
Pretax Income $51.30M $53.79M
YoY Change -4.63% 21.48%
Income Tax $18.70M $20.30M
% Of Pretax Income 36.46% 37.73%
Net Earnings $32.60M $33.50M
YoY Change -2.68% 20.07%
Net Earnings / Revenue 21.32% 22.01%
Basic Earnings Per Share $0.47 $0.47
Diluted Earnings Per Share $0.47 $0.47
COMMON SHARES
Basic Shares Outstanding 68.93M 71.40M
Diluted Shares Outstanding 69.14M 71.74M

Balance Sheet

Concept 2017 Q3 2016 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $129.7M $110.8M
YoY Change 17.06% -6.97%
Cash & Equivalents $124.8M $110.8M
Short-Term Investments $4.900M $0.00
Other Short-Term Assets $11.60M $12.50M
YoY Change -7.2% -39.02%
Inventory
Prepaid Expenses
Receivables $97.00M $98.90M
Other Receivables $0.00 $0.00
Total Short-Term Assets $238.4M $222.2M
YoY Change 7.29% -4.06%
LONG-TERM ASSETS
Property, Plant & Equipment $15.30M $20.00M
YoY Change -23.5% -6.54%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $10.40M $11.60M
YoY Change -10.34% 54.67%
Total Long-Term Assets $87.80M $93.90M
YoY Change -6.5% 3.07%
TOTAL ASSETS
Total Short-Term Assets $238.4M $222.2M
Total Long-Term Assets $87.80M $93.90M
Total Assets $326.2M $316.1M
YoY Change 3.2% -2.05%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $15.10M $9.500M
YoY Change 58.95% -5.94%
Accrued Expenses $29.60M $30.80M
YoY Change -3.9% -17.2%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $122.4M $119.3M
YoY Change 2.6% -0.33%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $9.500M $9.800M
YoY Change -3.06% -22.83%
Total Long-Term Liabilities $9.500M $9.800M
YoY Change -3.06% -22.83%
TOTAL LIABILITIES
Total Short-Term Liabilities $122.4M $119.3M
Total Long-Term Liabilities $9.500M $9.800M
Total Liabilities $131.9M $129.0M
YoY Change 2.25% -2.57%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $3.694M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $194.4M $187.0M
YoY Change
Total Liabilities & Shareholders Equity $326.2M $316.1M
YoY Change 3.2% -2.05%

Cashflow Statement

Concept 2017 Q3 2016 Q3
OPERATING ACTIVITIES
Net Income $32.60M $33.50M
YoY Change -2.68% 20.07%
Depreciation, Depletion And Amortization $2.300M $2.300M
YoY Change 0.0% 15.0%
Cash From Operating Activities $44.00M $42.00M
YoY Change 4.76% 1.69%
INVESTING ACTIVITIES
Capital Expenditures -$1.200M -$1.400M
YoY Change -14.29% -63.16%
Acquisitions
YoY Change
Other Investing Activities $5.000M $2.100M
YoY Change 138.1% -195.45%
Cash From Investing Activities $3.800M $700.0K
YoY Change 442.86% -111.48%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -100.0K -25.10M
YoY Change -99.6% 0.8%
NET CHANGE
Cash From Operating Activities 44.00M 42.00M
Cash From Investing Activities 3.800M 700.0K
Cash From Financing Activities -100.0K -25.10M
Net Change In Cash 47.70M 17.60M
YoY Change 171.02% 70.87%
FREE CASH FLOW
Cash From Operating Activities $44.00M $42.00M
Capital Expenditures -$1.200M -$1.400M
Free Cash Flow $45.20M $43.40M
YoY Change 4.15% -3.77%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2017Q3 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
3694000
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
195492000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
225000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
359000
CY2017Q3 us-gaap Restructuring Charges
RestructuringCharges
-77000
us-gaap Restructuring Charges
RestructuringCharges
2945000
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
5170000
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-81700000
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-112780000
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
2648000
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-1039000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
29203000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-7585000
CY2015Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
118416000
CY2016Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
110831000
CY2016 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
167933000
CY2016 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
18000
CY2016 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
15934000
CY2016 us-gaap Adjustment To Additional Paid In Capital Income Tax Effect From Share Based Compensation Net
AdjustmentToAdditionalPaidInCapitalIncomeTaxEffectFromShareBasedCompensationNet
5209000
CY2016 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-3588000
CY2016 us-gaap Net Income Loss
NetIncomeLoss
124234000
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
81700000
us-gaap New Accounting Pronouncement Or Change In Accounting Principle Effect Of Adoption Quantification
NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfAdoptionQuantification
532000
CY2016Q3 us-gaap Reimbursement Revenue
ReimbursementRevenue
4800000
us-gaap Reimbursement Revenue
ReimbursementRevenue
13800000
CY2017Q3 us-gaap Reimbursement Revenue
ReimbursementRevenue
5000000
us-gaap Reimbursement Revenue
ReimbursementRevenue
13900000
CY2017Q3 us-gaap Cash
Cash
98000000
CY2017Q3 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
26800000
CY2017Q3 us-gaap Long Term Investments
LongTermInvestments
0
CY2017Q3 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
10500000
CY2016Q4 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
30300000
CY2017Q3 us-gaap Restricted Stock Expense
RestrictedStockExpense
3800000
us-gaap Restricted Stock Expense
RestrictedStockExpense
11700000
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.352
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.373
manh Excess Tax Benefit Related To Restricted Stock Vesting
ExcessTaxBenefitRelatedToRestrictedStockVesting
1900000
CY2017Q3 us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
0
us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
0
manh Amount Of Dilutive Securities Stock Options And Restrictive Stock Units Per Share
AmountOfDilutiveSecuritiesStockOptionsAndRestrictiveStockUnitsPerShare
-0.01
CY2017Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
207000
CY2016Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
340000
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3
CY2017Q3 us-gaap Cost Of Revenue
CostOfRevenue
63072000
CY2016Q3 us-gaap Cost Of Revenue
CostOfRevenue
61678000
CY2017Q3 manh Operating Expenses Excluding Depreciation And Amortization
OperatingExpensesExcludingDepreciationAndAmortization
36517000
CY2016Q3 manh Operating Expenses Excluding Depreciation And Amortization
OperatingExpensesExcludingDepreciationAndAmortization
34617000
us-gaap Cost Of Revenue
CostOfRevenue
187006000
us-gaap Cost Of Revenue
CostOfRevenue
189008000
manh Operating Expenses Excluding Depreciation And Amortization
OperatingExpensesExcludingDepreciationAndAmortization
111624000
manh Operating Expenses Excluding Depreciation And Amortization
OperatingExpensesExcludingDepreciationAndAmortization
112200000
CY2017Q3 us-gaap Technology Services Revenue
TechnologyServicesRevenue
79217000
CY2016Q3 us-gaap Technology Services Revenue
TechnologyServicesRevenue
84843000
us-gaap Technology Services Revenue
TechnologyServicesRevenue
235543000
us-gaap Technology Services Revenue
TechnologyServicesRevenue
256341000
CY2017Q3 us-gaap Maintenance Revenue
MaintenanceRevenue
36338000
CY2016Q3 us-gaap Maintenance Revenue
MaintenanceRevenue
34424000
us-gaap Maintenance Revenue
MaintenanceRevenue
105673000
us-gaap Maintenance Revenue
MaintenanceRevenue
99022000
CY2017Q2 us-gaap Restructuring And Related Cost Expected Number Of Positions Eliminated
RestructuringAndRelatedCostExpectedNumberOfPositionsEliminated
100
manh Restructuring Charges After Tax
RestructuringChargesAfterTax
1900000
manh Restructuring Charges Per Diluted Share
RestructuringChargesPerDilutedShare
0.03
us-gaap Payments For Restructuring
PaymentsForRestructuring
2901000
CY2017Q3 us-gaap Restructuring Reserve
RestructuringReserve
44000

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