MANH FY 2017 Earnings Report — Manhattan Associates, Inc. Revenue & Financial Results | Market Cap Arena

Manhattan Associates, Inc.MANH

FY 2017 Earnings

Reported February 9, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$595M	—	$605M	—	-1.6%
Op. Income	$186M	—	$194M	—	-4.5%
Gross Margin	57.1%	—	57.2%	—	-0.0pp
Net Margin	19.6%	—	20.5%	—	-1.0pp
EPS (Diluted)	$1.68	—	$1.72	—	-2.3%
Free Cash Flow	$158M	—	$133M	—	19.1%

Revenue Flow

Item	Amount
REVENUE	$595M
Cost of Revenue	$255M
GROSS PROFIT	$340M
R&D Expenses	$58M
Selling & Marketing	$47M
General & Administrative	$46M
SG&A Expenses	$94M
Other Expenses	$0
Operating Expenses	$151M
Cost & Expenses	$406M
OPERATING INCOME	$186M
Interest Income	$1M
Interest Expense	$0
Other Income/Expenses	-$812.0K
INCOME BEFORE TAX	$185M
Income Tax Expense	$68M
Net Income from Continuing Ops	$116M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$116M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$116M
D&A	$9M
EBIT	$189M
EBITDA	$198M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$595M
Cost of Revenue	$255M
GROSS PROFIT	$340M
R&D Expenses	$58M
Selling & Marketing	$47M
General & Administrative	$46M
SG&A Expenses	$94M
Other Expenses	$0
Operating Expenses	$151M
Cost & Expenses	$406M
OPERATING INCOME	$186M
Interest Income	$1M
Interest Expense	$0
Other Income/Expenses	-$812.0K
INCOME BEFORE TAX	$185M
Income Tax Expense	$68M
Net Income from Continuing Ops	$116M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$116M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$116M
D&A	$9M
EBIT	$189M
EBITDA	$198M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$116M
Depreciation & Amortization	$9M
Stock-Based Compensation	$16M
Deferred Income Tax	$2M
Other Non-Cash Items	$348.0K
Change in Working Capital	$20M
OPERATING CASH FLOW	$164M
Capital Expenditure	-$6M
Acquisitions (Net)	$0
Purchases of Investments	-$13M
Sales/Maturities of Investments	$429.0K
Other Investing Activities	$13M
NET CASH FROM INVESTING	-$6M
Net Debt Issuance	$0
Common Stock Repurchased	-$132M
Common Dividends Paid	$0
Other Financing Activities	$0
NET CASH FROM FINANCING	-$132M
FREE CASH FLOW	$158M
Net Change in Cash	$30M

Balance Sheet

Item	Amount
Cash & Equivalents	$126M
Short-Term Investments	$0
Net Receivables	$92M
Inventory	$0
Other Current Assets	$1M
TOTAL CURRENT ASSETS	$228M
PP&E (Net)	$15M
Goodwill	$62M
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$2M
Other Non-Current Assets	$7M
TOTAL NON-CURRENT ASSETS	$87M
TOTAL ASSETS	$315M
Account Payables	$14M
Short-Term Debt	$0
Deferred Revenue	$75M
Other Current Liabilities	$12M
TOTAL CURRENT LIABILITIES	$124M
Long-Term Debt	$0
Deferred Revenue NC	$2M
Deferred Tax Liabilities	$69.0K
Other Non-Current Liabilities	$16M
TOTAL NON-CURRENT LIABILITIES	$16M
TOTAL LIABILITIES	$140M
Common Stock	$678.0K
Additional Paid-In Capital	$0
Retained Earnings	$186M
Treasury Stock	$0
Accum. Other Comp. Income	-$12M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$175M
Minority Interest	$0
TOTAL EQUITY	$175M
TOTAL LIABILITIES & EQUITY	$315M
Total Debt	$0
Net Debt	-$126M