$MANH
Manhattan Associates Inc

2020 Q2 Form 10-Q Financial Statement

#000156459020033600 Filed on July 27, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2019 Q2
Revenue $135.6M $154.3M
YoY Change -12.12% 8.79%
Cost Of Revenue $63.03M $71.58M
YoY Change -11.95% 21.15%
Gross Profit $72.61M $82.76M
YoY Change -12.27% -0.03%
Gross Profit Margin 53.53% 53.62%
Selling, General & Admin $23.73M $31.33M
YoY Change -24.26% 17.35%
% of Gross Profit 32.68% 37.85%
Research & Development $19.93M $22.00M
YoY Change -9.39% 21.02%
% of Gross Profit 27.45% 26.58%
Depreciation & Amortization $2.300M $1.900M
YoY Change 21.05% -13.64%
% of Gross Profit 3.17% 2.3%
Operating Expenses $43.66M $53.32M
YoY Change -18.13% 18.84%
Operating Profit $26.69M $27.58M
YoY Change -3.23% -22.71%
Interest Expense -$200.0K $400.0K
YoY Change -150.0%
% of Operating Profit -0.75% 1.45%
Other Income/Expense, Net $0.00 -$71.00K
YoY Change -100.0% -107.2%
Pretax Income $26.53M $27.51M
YoY Change -3.55% -24.98%
Income Tax $7.330M $6.586M
% Of Pretax Income 27.62% 23.94%
Net Earnings $19.20M $20.93M
YoY Change -8.22% -24.37%
Net Earnings / Revenue 14.16% 13.56%
Basic Earnings Per Share $0.30 $0.32
Diluted Earnings Per Share $0.30 $1.06
COMMON SHARES
Basic Shares Outstanding 63.51M 64.59M
Diluted Shares Outstanding 64.13M 65.09M

Balance Sheet

Concept 2020 Q2 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $123.6M $119.4M
YoY Change 3.52% 43.17%
Cash & Equivalents $123.6M $119.4M
Short-Term Investments $0.00
Other Short-Term Assets $20.00M $19.90M
YoY Change 0.5% -10.36%
Inventory
Prepaid Expenses
Receivables $108.1M $100.3M
Other Receivables $0.00 $0.00
Total Short-Term Assets $251.8M $239.6M
YoY Change 5.11% 17.03%
LONG-TERM ASSETS
Property, Plant & Equipment $51.20M $14.51M
YoY Change 252.81% -5.15%
Goodwill $62.24M
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $15.10M $11.00M
YoY Change 37.27% 7.84%
Total Long-Term Assets $128.6M $132.6M
YoY Change -3.04% 51.05%
TOTAL ASSETS
Total Short-Term Assets $251.8M $239.6M
Total Long-Term Assets $128.6M $132.6M
Total Assets $380.4M $372.2M
YoY Change 2.21% 27.24%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $16.30M $17.27M
YoY Change -5.63% -18.53%
Accrued Expenses $47.00M $52.60M
YoY Change -10.65% 44.51%
Deferred Revenue $98.20M
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $183.4M $169.1M
YoY Change 8.44% 14.26%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $44.20M $12.56M
YoY Change 251.8% -17.48%
Total Long-Term Liabilities $44.20M $12.56M
YoY Change 251.8% -17.48%
TOTAL LIABILITIES
Total Short-Term Liabilities $183.4M $169.1M
Total Long-Term Liabilities $44.20M $12.56M
Total Liabilities $227.6M $181.7M
YoY Change 25.26% 11.3%
SHAREHOLDERS EQUITY
Retained Earnings $170.7M
YoY Change 18.52%
Common Stock $643.0K
YoY Change -2.28%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $152.8M $154.7M
YoY Change
Total Liabilities & Shareholders Equity $380.4M $372.2M
YoY Change 2.21% 27.24%

Cashflow Statement

Concept 2020 Q2 2019 Q2
OPERATING ACTIVITIES
Net Income $19.20M $20.93M
YoY Change -8.22% -24.37%
Depreciation, Depletion And Amortization $2.300M $1.900M
YoY Change 21.05% -13.64%
Cash From Operating Activities $48.80M $37.20M
YoY Change 31.18% 121.43%
INVESTING ACTIVITIES
Capital Expenditures -$600.0K -$2.700M
YoY Change -77.78% 42.11%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change -100.0%
Cash From Investing Activities -$600.0K -$2.700M
YoY Change -77.78% -149.09%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -200.0K -20.00M
YoY Change -99.0% -58.25%
NET CHANGE
Cash From Operating Activities 48.80M 37.20M
Cash From Investing Activities -600.0K -2.700M
Cash From Financing Activities -200.0K -20.00M
Net Change In Cash 48.00M 14.50M
YoY Change 231.03% -156.64%
FREE CASH FLOW
Cash From Operating Activities $48.80M $37.20M
Capital Expenditures -$600.0K -$2.700M
Free Cash Flow $49.40M $39.90M
YoY Change 23.81% 113.37%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
1439000
CY2020Q2 us-gaap Operating Lease Liability Current Statement Of Financial Position Extensible List
OperatingLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList
manh:AccruedAndOtherLiabilitiesCurrent
us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
-156000
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
6144000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3305000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
312000
manh Increase Decrease In Accounts Payable And Accrued And Other Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedAndOtherLiabilities
4238000
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
121000
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
272000
us-gaap Deferred Sales Inducement Cost Impairment Loss
DeferredSalesInducementCostImpairmentLoss
0
us-gaap Operating Lease Cost
OperatingLeaseCost
3800000
CY2020Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
1900000
us-gaap Lease Cost
LeaseCost
4200000
us-gaap Net Income Loss
NetIncomeLoss
41734000
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.66
manh Amount Of Dilutive Securities Stock Options And Restrictive Stock Units Per Share
AmountOfDilutiveSecuritiesStockOptionsAndRestrictiveStockUnitsPerShare
-0.01
manh Amount Of Dilutive Securities Stock Options And Restrictive Stock Units Per Share
AmountOfDilutiveSecuritiesStockOptionsAndRestrictiveStockUnitsPerShare
-0.01
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
302745000
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
138748000
manh Operating Expenses Excluding Depreciation And Amortization
OperatingExpensesExcludingDepreciationAndAmortization
104366000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
3773000
us-gaap Costs And Expenses
CostsAndExpenses
246887000
us-gaap Operating Income Loss
OperatingIncomeLoss
55858000
CY2019Q2 us-gaap Lease Cost
LeaseCost
2200000
us-gaap Short Term Lease Cost
ShortTermLeaseCost
200000
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
135630000
CY2019Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
154341000
CY2020Q2 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
63025000
CY2019Q2 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
71578000
CY2020Q2 manh Operating Expenses Excluding Depreciation And Amortization
OperatingExpensesExcludingDepreciationAndAmortization
43656000
CY2019Q2 manh Operating Expenses Excluding Depreciation And Amortization
OperatingExpensesExcludingDepreciationAndAmortization
53322000
CY2020Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
2257000
CY2020Q2 us-gaap Cash
Cash
113100000
CY2020Q2 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
10500000
manh Option To Extend Lease Term
OptionToExtendLeaseTerm
P10Y
CY2020Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
31791000
CY2020Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
6554000
CY2020Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
28431000
CY2020Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
34985000
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
3370000
CY2019Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
1859000
CY2020Q2 us-gaap Costs And Expenses
CostsAndExpenses
108938000
CY2019Q2 us-gaap Costs And Expenses
CostsAndExpenses
126759000
CY2020Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
26692000
CY2019Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
27582000
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
6252000
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
13091000
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
42215000
CY2020Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
7230000
CY2020Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
34985000
us-gaap Lease Cost
LeaseCost
4000000.0
CY2020Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
100000
CY2019Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
2100000
us-gaap Operating Lease Cost
OperatingLeaseCost
4000000.0
CY2020Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y4M24D
CY2020Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.04
us-gaap Operating Lease Payments
OperatingLeasePayments
3673000
CY2020Q2 manh Increase Decrease In Excess Tax Benefits On Restricted Stock Vestings
IncreaseDecreaseInExcessTaxBenefitsOnRestrictedStockVestings
-100000
manh Increase Decrease In Excess Tax Benefits On Restricted Stock Vestings
IncreaseDecreaseInExcessTaxBenefitsOnRestrictedStockVestings
3700000
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
289533000
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
137856000
manh Operating Expenses Excluding Depreciation And Amortization
OperatingExpensesExcludingDepreciationAndAmortization
96186000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
4603000
us-gaap Costs And Expenses
CostsAndExpenses
238645000
us-gaap Operating Income Loss
OperatingIncomeLoss
50888000

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