MANH FY 2019 Earnings Report — Manhattan Associates, Inc. Revenue & Financial Results | Market Cap Arena

Manhattan Associates, Inc.MANH

FY 2019 Earnings

Reported February 7, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$618M	—	$559M	—	10.5%
Op. Income	$116M	—	$134M	—	-13.4%
Gross Margin	52.6%	—	55.4%	—	-2.8pp
Net Margin	13.9%	—	18.7%	—	-4.8pp
EPS (Diluted)	$1.32	—	$1.58	—	-16.5%
Free Cash Flow	$132M	—	$130M	—	1.3%

Revenue Flow

Item	Amount
REVENUE	$618M
Cost of Revenue	$293M
GROSS PROFIT	$325M
R&D Expenses	$88M
Selling & Marketing	$57M
General & Administrative	$65M
SG&A Expenses	$121M
Other Expenses	$0
Operating Expenses	$209M
Cost & Expenses	$502M
OPERATING INCOME	$116M
Interest Income	$715.0K
Interest Expense	$0
Other Income/Expenses	$153.0K
INCOME BEFORE TAX	$116M
Income Tax Expense	$30M
Net Income from Continuing Ops	$86M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$86M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$86M
D&A	$8M
EBIT	$116M
EBITDA	$124M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$618M
Cost of Revenue	$293M
GROSS PROFIT	$325M
R&D Expenses	$88M
Selling & Marketing	$57M
General & Administrative	$65M
SG&A Expenses	$121M
Other Expenses	$0
Operating Expenses	$209M
Cost & Expenses	$502M
OPERATING INCOME	$116M
Interest Income	$715.0K
Interest Expense	$0
Other Income/Expenses	$153.0K
INCOME BEFORE TAX	$116M
Income Tax Expense	$30M
Net Income from Continuing Ops	$86M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$86M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$86M
D&A	$8M
EBIT	$116M
EBITDA	$124M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$86M
Depreciation & Amortization	$8M
Stock-Based Compensation	$32M
Deferred Income Tax	-$1M
Other Non-Cash Items	-$1M
Change in Working Capital	$24M
OPERATING CASH FLOW	$147M
Capital Expenditure	-$15M
Acquisitions (Net)	$0
Purchases of Investments	-$15M
Sales/Maturities of Investments	$1M
Other Investing Activities	$15M
NET CASH FROM INVESTING	-$14M
Net Debt Issuance	$0
Common Stock Repurchased	-$121M
Common Dividends Paid	$0
Other Financing Activities	$0
NET CASH FROM FINANCING	-$121M
FREE CASH FLOW	$132M
Net Change in Cash	$12M

Balance Sheet

Item	Amount
Cash & Equivalents	$111M
Short-Term Investments	$0
Net Receivables	$101M
Inventory	$0
Other Current Assets	$6M
TOTAL CURRENT ASSETS	$232M
PP&E (Net)	$59M
Goodwill	$62M
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$7M
Other Non-Current Assets	$13M
TOTAL NON-CURRENT ASSETS	$140M
TOTAL ASSETS	$372M
Account Payables	$21M
Short-Term Debt	$0
Deferred Revenue	$94M
Other Current Liabilities	$46M
TOTAL CURRENT LIABILITIES	$182M
Long-Term Debt	$0
Deferred Revenue NC	-$37.0K
Deferred Tax Liabilities	$37.0K
Other Non-Current Liabilities	$16M
TOTAL NON-CURRENT LIABILITIES	$48M
TOTAL LIABILITIES	$230M
Common Stock	$635.0K
Additional Paid-In Capital	$0
Retained Earnings	$159M
Treasury Stock	$0
Accum. Other Comp. Income	-$18M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$142M
Minority Interest	$0
TOTAL EQUITY	$142M
TOTAL LIABILITIES & EQUITY	$372M
Total Debt	$32M
Net Debt	-$78M