MANH FY 2008 Earnings Report — Manhattan Associates, Inc. Revenue & Financial Results | Market Cap Arena

Manhattan Associates, Inc.MANH

FY 2008 Earnings

Reported February 24, 2009

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2008	Prior Q	FY 2007	QoQ Change	YoY Change
Revenue	$337M	—	$337M	—	-0.1%
Op. Income	$26M	—	$43M	—	-39.7%
Gross Margin	51.2%	—	52.3%	—	-1.1pp
Net Margin	6.8%	—	9.1%	—	-2.4pp
EPS (Diluted)	$0.23	—	$0.28	—	-17.9%
Free Cash Flow	$56M	—	$29M	—	94.4%

Revenue Flow

Item	Amount
REVENUE	$337M
Cost of Revenue	$165M
GROSS PROFIT	$173M
R&D Expenses	$48M
Selling & Marketing	$51M
General & Administrative	$37M
SG&A Expenses	$88M
Other Expenses	$0
Operating Expenses	$137M
Cost & Expenses	$301M
OPERATING INCOME	$26M
Interest Income	$2M
Interest Expense	$0
Other Income/Expenses	$6M
INCOME BEFORE TAX	$32M
Income Tax Expense	$9M
Net Income from Continuing Ops	$23M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$23M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$23M
D&A	$13M
EBIT	$36M
EBITDA	$44M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$337M
Cost of Revenue	$165M
GROSS PROFIT	$173M
R&D Expenses	$48M
Selling & Marketing	$51M
General & Administrative	$37M
SG&A Expenses	$88M
Other Expenses	$0
Operating Expenses	$137M
Cost & Expenses	$301M
OPERATING INCOME	$26M
Interest Income	$2M
Interest Expense	$0
Other Income/Expenses	$6M
INCOME BEFORE TAX	$32M
Income Tax Expense	$9M
Net Income from Continuing Ops	$23M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$23M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$23M
D&A	$13M
EBIT	$36M
EBITDA	$44M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$23M
Depreciation & Amortization	$13M
Stock-Based Compensation	$9M
Deferred Income Tax	-$1M
Other Non-Cash Items	$5M
Change in Working Capital	$16M
OPERATING CASH FLOW	$64M
Capital Expenditure	-$8M
Acquisitions (Net)	$0
Purchases of Investments	-$324M
Sales/Maturities of Investments	$22M
Other Investing Activities	$324M
NET CASH FROM INVESTING	$14M
Net Debt Issuance	$0
Common Stock Repurchased	-$35M
Common Dividends Paid	$0
Other Financing Activities	$100.0K
NET CASH FROM FINANCING	-$32M
FREE CASH FLOW	$56M
Net Change in Cash	$41M

Balance Sheet

Item	Amount
Cash & Equivalents	$86M
Short-Term Investments	$0
Net Receivables	$64M
Inventory	$12M
Other Current Assets	$8M
TOTAL CURRENT ASSETS	$163M
PP&E (Net)	$22M
Goodwill	$62M
Intangible Assets	$6M
Long-Term Investments	$3M
Tax Assets	$11M
Other Non-Current Assets	$3M
TOTAL NON-CURRENT ASSETS	$107M
TOTAL ASSETS	$270M
Account Payables	$8M
Short-Term Debt	$0
Deferred Revenue	$33M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$82M
Long-Term Debt	$0
Deferred Revenue NC	$8M
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$13M
TOTAL NON-CURRENT LIABILITIES	$8M
TOTAL LIABILITIES	$90M
Common Stock	$234.0K
Additional Paid-In Capital	$0
Retained Earnings	$183M
Treasury Stock	$0
Accum. Other Comp. Income	-$3M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$180M
Minority Interest	$0
TOTAL EQUITY	$180M
TOTAL LIABILITIES & EQUITY	$270M
Total Debt	$0
Net Debt	-$86M