$MANH
Manhattan Associates Inc

2020 Q3 Form 10-Q Financial Statement

#000156459020049685 Filed on November 02, 2020

View on sec.gov

Income Statement

Concept 2020 Q3 2019 Q3 2019 Q2
Revenue $149.8M $162.3M $154.3M
YoY Change -7.71% 14.0% 8.79%
Cost Of Revenue $65.20M $74.37M $71.58M
YoY Change -12.33% 21.54% 21.15%
Gross Profit $84.60M $87.91M $82.76M
YoY Change -3.76% 8.31% -0.03%
Gross Profit Margin 56.49% 54.17% 53.62%
Selling, General & Admin $26.94M $28.36M $31.33M
YoY Change -5.03% 16.06% 17.35%
% of Gross Profit 31.84% 32.26% 37.85%
Research & Development $20.45M $22.61M $22.00M
YoY Change -9.55% 22.55% 21.02%
% of Gross Profit 24.18% 25.72% 26.58%
Depreciation & Amortization $2.200M $1.900M $1.900M
YoY Change 15.79% -13.64% -13.64%
% of Gross Profit 2.6% 2.16% 2.3%
Operating Expenses $47.39M $50.98M $53.32M
YoY Change -7.03% 18.85% 18.84%
Operating Profit $34.98M $35.00M $27.58M
YoY Change -0.06% -3.04% -22.71%
Interest Expense $300.0K $400.0K
YoY Change
% of Operating Profit 0.86% 1.45%
Other Income/Expense, Net -$900.0K $810.0K -$71.00K
YoY Change -211.11% -47.33% -107.2%
Pretax Income $34.09M $35.81M $27.51M
YoY Change -4.81% -4.85% -24.98%
Income Tax $9.119M $8.700M $6.586M
% Of Pretax Income 26.75% 24.3% 23.94%
Net Earnings $24.97M $27.11M $20.93M
YoY Change -7.9% -4.74% -24.37%
Net Earnings / Revenue 16.67% 16.7% 13.56%
Basic Earnings Per Share $0.39 $0.42 $0.32
Diluted Earnings Per Share $0.39 $0.42 $1.06
COMMON SHARES
Basic Shares Outstanding 63.52M 64.25M 64.59M
Diluted Shares Outstanding 64.43M 64.99M 65.09M

Balance Sheet

Concept 2020 Q3 2019 Q3 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $166.3M $113.6M $119.4M
YoY Change 46.39% 20.98% 43.17%
Cash & Equivalents $166.3M $113.6M $119.4M
Short-Term Investments $0.00 $0.00
Other Short-Term Assets $16.80M $19.60M $19.90M
YoY Change -14.29% 20.25% -10.36%
Inventory
Prepaid Expenses
Receivables $105.3M $108.4M $100.3M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $288.4M $241.6M $239.6M
YoY Change 19.37% 18.9% 17.03%
LONG-TERM ASSETS
Property, Plant & Equipment $49.10M $58.10M $14.51M
YoY Change -15.49% 300.69% -5.15%
Goodwill $62.24M
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $17.30M $18.30M $11.00M
YoY Change -5.46% 64.86% 7.84%
Total Long-Term Assets $128.6M $138.7M $132.6M
YoY Change -7.28% 57.97% 51.05%
TOTAL ASSETS
Total Short-Term Assets $288.4M $241.6M $239.6M
Total Long-Term Assets $128.6M $138.7M $132.6M
Total Assets $417.0M $380.3M $372.2M
YoY Change 9.65% 30.69% 27.24%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $18.00M $21.20M $17.27M
YoY Change -15.09% 48.25% -18.53%
Accrued Expenses $52.50M $59.40M $52.60M
YoY Change -11.62% 56.32% 44.51%
Deferred Revenue $98.20M
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $185.1M $182.5M $169.1M
YoY Change 1.42% 33.6% 14.26%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $43.90M $12.22M $12.56M
YoY Change 259.13% -16.84% -17.48%
Total Long-Term Liabilities $43.90M $12.22M $12.56M
YoY Change 259.13% -16.84% -17.48%
TOTAL LIABILITIES
Total Short-Term Liabilities $185.1M $182.5M $169.1M
Total Long-Term Liabilities $43.90M $12.22M $12.56M
Total Liabilities $229.0M $228.6M $181.7M
YoY Change 0.17% 51.09% 11.3%
SHAREHOLDERS EQUITY
Retained Earnings $169.6M $170.7M
YoY Change 18.52%
Common Stock $639.0K $643.0K
YoY Change -2.28%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $188.0M $151.7M $154.7M
YoY Change
Total Liabilities & Shareholders Equity $417.0M $380.3M $372.2M
YoY Change 9.65% 30.69% 27.24%

Cashflow Statement

Concept 2020 Q3 2019 Q3 2019 Q2
OPERATING ACTIVITIES
Net Income $24.97M $27.11M $20.93M
YoY Change -7.9% -4.74% -24.37%
Depreciation, Depletion And Amortization $2.200M $1.900M $1.900M
YoY Change 15.79% -13.64% -13.64%
Cash From Operating Activities $42.50M $39.90M $37.20M
YoY Change 6.52% 13.35% 121.43%
INVESTING ACTIVITIES
Capital Expenditures -$100.0K -$8.100M -$2.700M
YoY Change -98.77% 478.57% 42.11%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change -100.0%
Cash From Investing Activities -$100.0K -$8.000M -$2.700M
YoY Change -98.75% 471.43% -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 -300.0K -36.30M -20.00M
YoY Change -99.17% 73.68% -58.25%
NET CHANGE
Cash From Operating Activities 42.50M 39.90M 37.20M
Cash From Investing Activities -100.0K -8.000M -2.700M
Cash From Financing Activities -300.0K -36.30M -20.00M
Net Change In Cash 42.10M -4.400M 14.50M
YoY Change -1056.82% -134.11% -156.64%
FREE CASH FLOW
Cash From Operating Activities $42.50M $39.90M $37.20M
Capital Expenditures -$100.0K -$8.100M -$2.700M
Free Cash Flow $42.60M $48.00M $39.90M
YoY Change -11.25% 31.15% 113.37%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2020Q3 us-gaap Operating Lease Liability Current Statement Of Financial Position Extensible List
OperatingLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList
manh:AccruedAndOtherLiabilitiesCurrent
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
24966000
CY2019Q3 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
8002000
CY2019Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-1925000
CY2019Q3 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
36221000
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
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CY2019Q3 us-gaap Stockholders Equity
StockholdersEquity
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CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
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us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
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us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
23646000
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-1688000
us-gaap Net Income Loss
NetIncomeLoss
69004000
CY2019Q3 us-gaap Stockholders Equity
StockholdersEquity
151650000
CY2020Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
1589000
CY2020Q3 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
9012000
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
43523000
CY2020Q3 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
368000
us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
24068000
CY2020Q3 us-gaap Stockholders Equity
StockholdersEquity
187977000
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
142278000
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
154687000
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-1546000
us-gaap Net Income Loss
NetIncomeLoss
66700000
us-gaap Deferred Sales Inducement Cost Impairment Loss
DeferredSalesInducementCostImpairmentLoss
0
CY2019Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
64591000
CY2019Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.06
manh Amount Of Dilutive Securities Stock Options And Restrictive Stock Units Per Share
AmountOfDilutiveSecuritiesStockOptionsAndRestrictiveStockUnitsPerShare
-0.01
us-gaap Contract With Customer Performance Obligation Satisfied In Previous Period
ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod
0
CY2020Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
257300000
CY2020Q3 us-gaap Cash
Cash
156000000.0
CY2020Q3 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
10300000
manh Option To Extend Lease Term
OptionToExtendLeaseTerm
P10Y
CY2020Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
31145000
CY2020Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
6552000
CY2020Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
27613000
CY2020Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
34165000
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
1909000
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
6933000
CY2020Q3 manh Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
13363000
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
41433000
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
6374000
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
6528000
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
6326000
manh Increase Decrease In Excess Tax Benefits On Restricted Stock Vestings
IncreaseDecreaseInExcessTaxBenefitsOnRestrictedStockVestings
3700000
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3

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