2014 Q2 Form 10-Q Financial Statement

#000139297214000079 Filed on August 08, 2014

View on sec.gov

Income Statement

Concept 2014 Q2 2013 Q2
Revenue $44.37M $35.53M
YoY Change 24.89% 26.28%
Cost Of Revenue $14.75M $10.79M
YoY Change 36.78% 43.83%
Gross Profit $29.62M $24.74M
YoY Change 19.7% 19.9%
Gross Profit Margin 66.75% 69.64%
Selling, General & Admin $24.27M $15.94M
YoY Change 52.24% 34.18%
% of Gross Profit 81.94% 64.43%
Research & Development $10.51M $8.026M
YoY Change 30.95% 18.52%
% of Gross Profit 35.49% 32.44%
Depreciation & Amortization $2.830M $1.030M
YoY Change 174.76% 101.96%
% of Gross Profit 9.56% 4.16%
Operating Expenses $34.78M $8.026M
YoY Change 333.3% 18.52%
Operating Profit -$7.871M $780.0K
YoY Change -1109.1% -60.59%
Interest Expense $0.00
YoY Change
% of Operating Profit
Other Income/Expense, Net -$571.0K -$129.0K
YoY Change 342.64% 0.0%
Pretax Income -$8.442M $651.0K
YoY Change -1396.77% -64.81%
Income Tax -$1.240M $71.00K
% Of Pretax Income 10.91%
Net Earnings -$6.996M $580.0K
YoY Change -1306.21% -41.71%
Net Earnings / Revenue -15.77% 1.63%
Basic Earnings Per Share -$0.24 $0.02
Diluted Earnings Per Share -$0.24 $0.02
COMMON SHARES
Basic Shares Outstanding 28.96M shares 28.01M shares
Diluted Shares Outstanding 28.96M shares 29.96M shares

Balance Sheet

Concept 2014 Q2 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $30.00M $88.20M
YoY Change -65.99% 23.88%
Cash & Equivalents $30.03M $88.23M
Short-Term Investments
Other Short-Term Assets $13.40M $6.000M
YoY Change 123.33% 53.85%
Inventory
Prepaid Expenses
Receivables $62.00M $37.60M
Other Receivables $0.00 $0.00
Total Short-Term Assets $105.4M $131.8M
YoY Change -20.01% 18.11%
LONG-TERM ASSETS
Property, Plant & Equipment $16.76M $14.84M
YoY Change 12.96% 85.59%
Goodwill $23.35M
YoY Change
Intangibles $24.23M
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.334M $5.759M
YoY Change -76.84% -1.15%
Total Long-Term Assets $76.28M $20.93M
YoY Change 264.52% 47.89%
TOTAL ASSETS
Total Short-Term Assets $105.4M $131.8M
Total Long-Term Assets $76.28M $20.93M
Total Assets $181.7M $152.7M
YoY Change 18.97% 21.46%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $12.25M $4.532M
YoY Change 170.28% 74.31%
Accrued Expenses $8.653M $4.129M
YoY Change 109.57% 182.42%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $77.65M $49.50M
YoY Change 56.86% 17.11%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $3.316M $1.010M
YoY Change 228.32% -67.42%
Total Long-Term Liabilities $3.316M $1.010M
YoY Change 228.32% -67.42%
TOTAL LIABILITIES
Total Short-Term Liabilities $77.65M $49.50M
Total Long-Term Liabilities $3.316M $1.010M
Total Liabilities $84.40M $53.66M
YoY Change 57.28% 18.2%
SHAREHOLDERS EQUITY
Retained Earnings $2.879M $17.20M
YoY Change -83.26% 41.97%
Common Stock $34.00K $32.00K
YoY Change 6.25% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $13.94M $13.94M
YoY Change 0.0% 0.0%
Treasury Stock Shares 4.418M shares 4.418M shares
Shareholders Equity $97.33M $99.09M
YoY Change
Total Liabilities & Shareholders Equity $181.7M $152.7M
YoY Change 18.97% 21.46%

Cashflow Statement

Concept 2014 Q2 2013 Q2
OPERATING ACTIVITIES
Net Income -$6.996M $580.0K
YoY Change -1306.21% -41.71%
Depreciation, Depletion And Amortization $2.830M $1.030M
YoY Change 174.76% 101.96%
Cash From Operating Activities -$12.50M $6.670M
YoY Change -287.41% 88.95%
INVESTING ACTIVITIES
Capital Expenditures -$3.750M -$1.970M
YoY Change 90.36% -35.41%
Acquisitions
YoY Change
Other Investing Activities -$20.00K
YoY Change
Cash From Investing Activities -$3.780M -$1.970M
YoY Change 91.88% -35.41%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -830.0K 1.050M
YoY Change -179.05% -556.52%
NET CHANGE
Cash From Operating Activities -12.50M 6.670M
Cash From Investing Activities -3.780M -1.970M
Cash From Financing Activities -830.0K 1.050M
Net Change In Cash -17.11M 5.750M
YoY Change -397.57% 2200.0%
FREE CASH FLOW
Cash From Operating Activities -$12.50M $6.670M
Capital Expenditures -$3.750M -$1.970M
Free Cash Flow -$8.750M $8.640M
YoY Change -201.27% 31.31%

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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Organization and Nature of Operations</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PROS Holdings, Inc., a Delaware corporation, through its operating subsidiaries ("PROS" or the &#8220;Company&#8221;), provides big data software applications designed to help companies outperform in their markets by using big data to sell more effectively. The Company applies data science to unlock buying patterns and preferences within transaction data to reveal which opportunities are most likely to close, which offers are most likely to sell and which prices are most likely to win. The Company offers big data software applications to analyze, execute, and optimize sales, pricing, quoting, rebates and revenue management. The Company also provides professional services to implement its software applications as well as business consulting. In addition, the Company provides product maintenance and support to its customers, including unspecified upgrades, maintenance releases and bug fixes during the term of the support period on a when-and-if-available basis. The Company provides its big data software applications to enterprises across a range of industries, including manufacturing, distribution, services and travel. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In December 2013, the Company acquired SignalDemand, Inc. ("SignalDemand"), an optimization software company headquartered in San Francisco, California, with approximately </font><font style="font-family:inherit;font-size:10pt;">40</font><font style="font-family:inherit;font-size:10pt;"> professionals, for total cash consideration of </font><font style="font-family:inherit;font-size:10pt;">$13.5 million</font><font style="font-family:inherit;font-size:10pt;">. This acquisition broadened the Company's offerings to companies in resource-based and commodity-driven industries, with products designed to help our clients better serve their customers in volatile markets with greater confidence and agility. Through SignalDemand's SaaS-based solutions and PROS big data software applications, PROS processes thousands of variables to deliver real-time recommendations, helping companies make price and mix decisions across products, customers and channels. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On January 8, 2014, the Company acquired approximately </font><font style="font-family:inherit;font-size:10pt;">81.7%</font><font style="font-family:inherit;font-size:10pt;"> of the common stock of Cameleon Software SA ("Cameleon"), a publicly traded French soci&#233;t&#233; anonyme headquartered in Toulouse, France, in an all-cash tender offer for approximately </font><font style="font-family:inherit;font-size:10pt;">$29.1 million</font><font style="font-family:inherit;font-size:10pt;">. The Company has continued to purchase shares of Cameleon in the open market. Since the initial tender offer the Company has acquired an additional </font><font style="font-family:inherit;font-size:10pt;">9.8%</font><font style="font-family:inherit;font-size:10pt;"> of Cameleon's common stock in the market for approximately </font><font style="font-family:inherit;font-size:10pt;">$3.4 million</font><font style="font-family:inherit;font-size:10pt;">. As of </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2014</font><font style="font-family:inherit;font-size:10pt;">, the Company owned </font><font style="font-family:inherit;font-size:10pt;">91.5%</font><font style="font-family:inherit;font-size:10pt;"> of the common stock of Cameleon.</font></div></div>
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
441000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-14638000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-3706000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
9027000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-9086000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
7934000 USD
CY2014Q2 us-gaap Net Income Loss
NetIncomeLoss
-6996000 USD
us-gaap Net Income Loss
NetIncomeLoss
2314000 USD
us-gaap Net Income Loss
NetIncomeLoss
-15451000 USD
CY2013Q2 us-gaap Net Income Loss
NetIncomeLoss
580000 USD
CY2013Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
CY2014Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-206000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-663000 USD
us-gaap Noncontrolling Interest Increase From Business Combination
NoncontrollingInterestIncreaseFromBusinessCombination
0 USD
us-gaap Noncontrolling Interest Increase From Business Combination
NoncontrollingInterestIncreaseFromBusinessCombination
3410000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
-16371000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
1470000 USD
CY2013Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
780000 USD
CY2014Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-7871000 USD
CY2014Q2 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
2522000 USD
CY2014Q2 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
559000 USD
CY2014Q2 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
571000 USD
CY2014Q2 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
624000 USD
CY2014Q2 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
682000 USD
CY2014Q2 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
86000 USD
CY2014Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
1334000 USD
CY2013Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
1251000 USD
CY2014Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
203000 USD
CY2013Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
177000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
0 USD
CY2014Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
203000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
2314000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
177000 USD
CY2013Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
0 USD
CY2013Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
546000 USD
CY2014Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
3316000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-234000 USD
CY2013Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-129000 USD
CY2014Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-571000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-1543000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
22048000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2172000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
4520000 USD
CY2013Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2014Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2014Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2013Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2013Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2014Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2014Q2 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2013Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2014Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
10866000 USD
CY2013Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
6157000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1091000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
2771000 USD
us-gaap Profit Loss
ProfitLoss
2314000 USD
CY2014Q2 us-gaap Profit Loss
ProfitLoss
-7202000 USD
CY2013Q2 us-gaap Profit Loss
ProfitLoss
580000 USD
us-gaap Profit Loss
ProfitLoss
-16114000 USD
CY2013Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
15587000 USD
CY2014Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
16761000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-244000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-70000 USD
CY2014Q2 us-gaap Research And Development Expense Software Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost
11092000 USD
CY2013Q2 us-gaap Research And Development Expense Software Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost
8026000 USD
us-gaap Research And Development Expense Software Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost
22651000 USD
us-gaap Research And Development Expense Software Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost
16121000 USD
CY2014Q2 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
2501000 USD
CY2013Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
39718000 USD
CY2013Q4 us-gaap Restricted Cash And Investments Noncurrent
RestrictedCashAndInvestmentsNoncurrent
100000 USD
CY2014Q2 us-gaap Restricted Cash And Investments Noncurrent
RestrictedCashAndInvestmentsNoncurrent
100000 USD
CY2014Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
2879000 USD
CY2013Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
18328000 USD
us-gaap Revenues
Revenues
85281000 USD
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
111303000 USD
us-gaap Revenues
Revenues
69153000 USD
CY2014Q2 us-gaap Stockholders Equity
StockholdersEquity
97327000 USD
us-gaap Subscription Revenue
SubscriptionRevenue
10126000 USD
us-gaap Subscription Revenue
SubscriptionRevenue
3904000 USD
CY2014Q2 us-gaap Subscription Revenue
SubscriptionRevenue
5813000 USD
CY2013Q2 us-gaap Subscription Revenue
SubscriptionRevenue
1936000 USD
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
8168000 shares
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
890446 shares
CY2014Q2 us-gaap Revenues
Revenues
44368000 USD
CY2013Q2 us-gaap Revenues
Revenues
35527000 USD
CY2014Q2 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
13079000 USD
CY2013Q2 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
12509000 USD
us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
23744000 USD
us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
25195000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
7559000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
10396000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Discount From Market Price Offering Date
ShareBasedCompensationArrangementByShareBasedPaymentAwardDiscountFromMarketPriceOfferingDate
0.05
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Maximum Employee Subscription Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumEmployeeSubscriptionRate
0.10
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Additional Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfAdditionalSharesAuthorized
900000 shares
CY2014Q2 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
2130000 USD
us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
2130000 USD
CY2013Q2 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
0 USD
us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
0 USD
CY2014Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
4417585 shares
CY2013Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
4417585 shares
CY2013Q4 us-gaap Treasury Stock Value
TreasuryStockValue
13938000 USD
CY2014Q2 us-gaap Treasury Stock Value
TreasuryStockValue
13938000 USD
CY2014Q2 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
200000 USD
pro Selling General And Administrative Expenses
SellingGeneralAndAdministrativeExpenses
30223000 USD
pro Esp Pcontributionsby Employees
ESPPcontributionsbyEmployees
300000 USD
CY2014Q1 pro Inducementgrants Feb2014
InducementgrantsFeb2014
308250 shares
pro Internal Use Software Development Costs Capitalized
InternalUseSoftwareDevelopmentCostsCapitalized
1623000 USD
CY2014Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
28958233 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
27881957 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
28813008 shares
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of estimates</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company&#8217;s management prepares the unaudited condensed consolidated financial statements in accordance with GAAP. The Company makes estimates and assumptions in the preparation of its unaudited condensed consolidated financial statements, and its estimates and assumptions may affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the unaudited condensed consolidated financial statements, and the reported amounts of revenue and expenses during the reporting periods. Actual results could differ from those estimates. The complexity and judgment required in the Company&#8217;s estimation process, as well as issues related to the assumptions, risks and uncertainties inherent in the application of the percentage-of-completion method of accounting, affect the amounts of revenue, expenses, unbilled receivables and deferred revenue. Estimates are also used for, but not limited to, receivables, allowance for doubtful accounts, useful lives of assets, depreciation, income taxes and deferred tax asset valuation, valuation of stock options, other current liabilities and accrued liabilities. Numerous internal and external factors can affect estimates. The critical accounting policies related to the estimates and judgments are discussed in the Company&#8217;s Annual Report under management&#8217;s discussion and analysis of financial condition and results of operations. There have been no significant changes to the Company&#8217;s critical accounting policies as described in the Company&#8217;s Annual Report.</font></div></div>
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1828245 shares
CY2014Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2013Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1952063 shares
CY2014Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
28958233 shares
CY2013Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
29958580 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
28813008 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
29710202 shares
CY2013Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
28006517 shares
CY2014Q2 pro Account And Unbilled Receivables Net
AccountAndUnbilledReceivablesNet
62047000 USD
CY2013Q4 pro Account And Unbilled Receivables Net
AccountAndUnbilledReceivablesNet
46566000 USD
pro Accounts And Unbilled Receivables
AccountsAndUnbilledReceivables
-1317000 USD
pro Accounts And Unbilled Receivables
AccountsAndUnbilledReceivables
4771000 USD
pro Costoflicenseserviceandsubscription
Costoflicenseserviceandsubscription
23243000 USD
pro Costoflicenseserviceandsubscription
Costoflicenseserviceandsubscription
17278000 USD
CY2013Q2 pro Costoflicenseserviceandsubscription
Costoflicenseserviceandsubscription
8808000 USD
CY2014Q2 pro Costoflicenseserviceandsubscription
Costoflicenseserviceandsubscription
11810000 USD
pro Internal Use Software Development Costs Capitalized
InternalUseSoftwareDevelopmentCostsCapitalized
1534000 USD
pro Maximum Amount Contributable By Employees Under Espp Annually
MaximumAmountContributableByEmployeesUnderESPPAnnually
10000 USD
pro Maximum Amount Contributablebyemployeesunder Espp Halfyearly
MaximumAmountContributablebyemployeesunderESPPHalfyearly
5000 USD
CY2014Q1 pro Premiumtobepaidpershare
Premiumtobepaidpershare
0.15
pro Selling General And Administrative Expenses
SellingGeneralAndAdministrativeExpenses
46722000 USD
CY2014Q2 pro Selling General And Administrative Expenses
SellingGeneralAndAdministrativeExpenses
24267000 USD
CY2013Q2 pro Selling General And Administrative Expenses
SellingGeneralAndAdministrativeExpenses
15935000 USD
pro Tax Withholding Related To Net Share Settlement Of Restricted Stock Units
TaxWithholdingRelatedToNetShareSettlementOfRestrictedStockUnits
12319000 USD
pro Tax Withholding Related To Net Share Settlement Of Restricted Stock Units
TaxWithholdingRelatedToNetShareSettlementOfRestrictedStockUnits
2330000 USD
CY2013Q2 pro Totallicenseserviceandmaintenancerevenue
Totallicenseserviceandmaintenancerevenue
24170000 USD
CY2014Q2 pro Totallicenseserviceandmaintenancerevenue
Totallicenseserviceandmaintenancerevenue
31224000 USD
pro Totallicenseserviceandmaintenancerevenue
Totallicenseserviceandmaintenancerevenue
46762000 USD
pro Totallicenseserviceandmaintenancerevenue
Totallicenseserviceandmaintenancerevenue
59516000 USD
CY2013Q4 pro Treasury Money Market Funds At Fair Value
TreasuryMoneyMarketFundsAtFairValue
21000000 USD
CY2014Q2 pro Treasury Money Market Funds At Fair Value
TreasuryMoneyMarketFundsAtFairValue
14700000 USD
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
dei Document Period End Date
DocumentPeriodEndDate
2014-06-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0001392972
CY2014Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
28983698 shares
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
PROS HOLDINGS, INC.
dei Entity Voluntary Filers
EntityVoluntaryFilers
No
dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No

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