MANH FY 2012 Earnings Report — Manhattan Associates, Inc. Revenue & Financial Results | Market Cap Arena

Manhattan Associates, Inc.MANH

FY 2012 Earnings

Reported February 22, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$376M	—	$329M	—	14.3%
Op. Income	$80M	—	$61M	—	30.5%
Gross Margin	55.5%	—	55.5%	—	-0.0pp
Net Margin	13.8%	—	13.6%	—	0.1pp
EPS (Diluted)	$0.64	—	$0.52	—	23.1%
Free Cash Flow	$67M	—	$51M	—	32.8%

Revenue Flow

Item	Amount
REVENUE	$376M
Cost of Revenue	$167M
GROSS PROFIT	$209M
R&D Expenses	$45M
Selling & Marketing	$46M
General & Administrative	$38M
SG&A Expenses	$84M
Other Expenses	$0
Operating Expenses	$129M
Cost & Expenses	$296M
OPERATING INCOME	$80M
Interest Income	$1M
Interest Expense	$0
Other Income/Expenses	$965.0K
INCOME BEFORE TAX	$81M
Income Tax Expense	$29M
Net Income from Continuing Ops	$52M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$52M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$52M
D&A	$6M
EBIT	$81M
EBITDA	$86M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$376M
Cost of Revenue	$167M
GROSS PROFIT	$209M
R&D Expenses	$45M
Selling & Marketing	$46M
General & Administrative	$38M
SG&A Expenses	$84M
Other Expenses	$0
Operating Expenses	$129M
Cost & Expenses	$296M
OPERATING INCOME	$80M
Interest Income	$1M
Interest Expense	$0
Other Income/Expenses	$965.0K
INCOME BEFORE TAX	$81M
Income Tax Expense	$29M
Net Income from Continuing Ops	$52M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$52M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$52M
D&A	$6M
EBIT	$81M
EBITDA	$86M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$52M
Depreciation & Amortization	$6M
Stock-Based Compensation	$8M
Deferred Income Tax	$5M
Other Non-Cash Items	$3M
Change in Working Capital	$1M
OPERATING CASH FLOW	$75M
Capital Expenditure	-$8M
Acquisitions (Net)	$0
Purchases of Investments	-$8M
Sales/Maturities of Investments	$864.0K
Other Investing Activities	$8M
NET CASH FROM INVESTING	-$7M
Net Debt Issuance	$0
Common Stock Repurchased	-$103M
Common Dividends Paid	$0
Other Financing Activities	$40M
NET CASH FROM FINANCING	-$64M
FREE CASH FLOW	$67M
Net Change in Cash	$5M

Balance Sheet

Item	Amount
Cash & Equivalents	$97M
Short-Term Investments	$6M
Net Receivables	$62M
Inventory	$8M
Other Current Assets	$9M
TOTAL CURRENT ASSETS	$182M
PP&E (Net)	$16M
Goodwill	$62M
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$732.0K
Other Non-Current Assets	$2M
TOTAL NON-CURRENT ASSETS	$80M
TOTAL ASSETS	$262M
Account Payables	$10M
Short-Term Debt	$0
Deferred Revenue	$48M
Other Current Liabilities	$17M
TOTAL CURRENT LIABILITIES	$91M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$656.0K
Other Non-Current Liabilities	$9M
TOTAL NON-CURRENT LIABILITIES	$9M
TOTAL LIABILITIES	$100M
Common Stock	$196.0K
Additional Paid-In Capital	$0
Retained Earnings	$166M
Treasury Stock	$0
Accum. Other Comp. Income	-$5M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$162M
Minority Interest	$0
TOTAL EQUITY	$162M
TOTAL LIABILITIES & EQUITY	$262M
Total Debt	$0
Net Debt	-$97M