MANH FY 2014 Earnings Report — Manhattan Associates, Inc. Revenue & Financial Results | Market Cap Arena

Manhattan Associates, Inc.MANH

FY 2014 Earnings

Reported February 5, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$492M	—	$415M	—	18.7%
Op. Income	$127M	—	$101M	—	25.5%
Gross Margin	55.5%	—	54.9%	—	0.6pp
Net Margin	16.7%	—	16.2%	—	0.4pp
EPS (Diluted)	$1.08	—	$0.86	—	25.6%
Free Cash Flow	$85M	—	$85M	—	0.1%

Revenue Flow

Item	Amount
REVENUE	$492M
Cost of Revenue	$219M
GROSS PROFIT	$273M
R&D Expenses	$49M
Selling & Marketing	$53M
General & Administrative	$44M
SG&A Expenses	$97M
Other Expenses	$0
Operating Expenses	$146M
Cost & Expenses	$365M
OPERATING INCOME	$127M
Interest Income	$1M
Interest Expense	$0
Other Income/Expenses	$874.0K
INCOME BEFORE TAX	$128M
Income Tax Expense	$46M
Net Income from Continuing Ops	$82M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$82M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$82M
D&A	$6M
EBIT	$128M
EBITDA	$134M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$492M
Cost of Revenue	$219M
GROSS PROFIT	$273M
R&D Expenses	$49M
Selling & Marketing	$53M
General & Administrative	$44M
SG&A Expenses	$97M
Other Expenses	$0
Operating Expenses	$146M
Cost & Expenses	$365M
OPERATING INCOME	$127M
Interest Income	$1M
Interest Expense	$0
Other Income/Expenses	$874.0K
INCOME BEFORE TAX	$128M
Income Tax Expense	$46M
Net Income from Continuing Ops	$82M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$82M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$82M
D&A	$6M
EBIT	$128M
EBITDA	$134M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$82M
Depreciation & Amortization	$6M
Stock-Based Compensation	$10M
Deferred Income Tax	-$2M
Other Non-Cash Items	-$559.0K
Change in Working Capital	-$2M
OPERATING CASH FLOW	$94M
Capital Expenditure	-$9M
Acquisitions (Net)	-$3M
Purchases of Investments	-$479.0K
Sales/Maturities of Investments	$14M
Other Investing Activities	-$14M
NET CASH FROM INVESTING	-$13M
Net Debt Issuance	$0
Common Stock Repurchased	-$99M
Common Dividends Paid	$0
Other Financing Activities	$10M
NET CASH FROM FINANCING	-$89M
FREE CASH FLOW	$85M
Net Change in Cash	-$9M

Balance Sheet

Item	Amount
Cash & Equivalents	$116M
Short-Term Investments	$9M
Net Receivables	$87M
Inventory	$10M
Other Current Assets	$11M
TOTAL CURRENT ASSETS	$230M
PP&E (Net)	$17M
Goodwill	$62M
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$270.0K
Other Non-Current Assets	$9M
TOTAL NON-CURRENT ASSETS	$88M
TOTAL ASSETS	$318M
Account Payables	$12M
Short-Term Debt	$0
Deferred Revenue	$59M
Other Current Liabilities	$13M
TOTAL CURRENT LIABILITIES	$123M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$4M
Other Non-Current Liabilities	$9M
TOTAL NON-CURRENT LIABILITIES	$13M
TOTAL LIABILITIES	$136M
Common Stock	$741.0K
Additional Paid-In Capital	$0
Retained Earnings	$191M
Treasury Stock	$0
Accum. Other Comp. Income	-$10M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$182M
Minority Interest	$0
TOTAL EQUITY	$182M
TOTAL LIABILITIES & EQUITY	$318M
Total Debt	$0
Net Debt	-$116M