MANH FY 2023 Earnings Report — Manhattan Associates, Inc. Revenue & Financial Results | Market Cap Arena

Manhattan Associates, Inc.MANH

FY 2023 Earnings

Reported February 5, 2024

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2023	Prior Q	FY 2022	QoQ Change	YoY Change
Revenue	$929M	—	$767M	—	21.1%
Op. Income	$210M	—	$153M	—	37.4%
Gross Margin	53.0%	—	52.4%	—	0.6pp
Net Margin	19.0%	—	16.8%	—	2.2pp
EPS (Diluted)	$2.82	—	$2.03	—	38.9%
Free Cash Flow	$241M	—	$173M	—	39.6%

Revenue Flow

Item	Amount
REVENUE	$929M
Cost of Revenue	$436M
GROSS PROFIT	$492M
R&D Expenses	$127M
Selling & Marketing	$74M
General & Administrative	$81M
SG&A Expenses	$156M
Other Expenses	$0
Operating Expenses	$282M
Cost & Expenses	$719M
OPERATING INCOME	$210M
Interest Income	$5M
Interest Expense	$0
Other Income/Expenses	$4M
INCOME BEFORE TAX	$214M
Income Tax Expense	$37M
Net Income from Continuing Ops	$177M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$177M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$177M
D&A	$6M
EBIT	$210M
EBITDA	$216M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$929M
Cost of Revenue	$436M
GROSS PROFIT	$492M
R&D Expenses	$127M
Selling & Marketing	$74M
General & Administrative	$81M
SG&A Expenses	$156M
Other Expenses	$0
Operating Expenses	$282M
Cost & Expenses	$719M
OPERATING INCOME	$210M
Interest Income	$5M
Interest Expense	$0
Other Income/Expenses	$4M
INCOME BEFORE TAX	$214M
Income Tax Expense	$37M
Net Income from Continuing Ops	$177M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$177M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$177M
D&A	$6M
EBIT	$210M
EBITDA	$216M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$177M
Depreciation & Amortization	$6M
Stock-Based Compensation	$72M
Deferred Income Tax	-$29M
Other Non-Cash Items	$1M
Change in Working Capital	$20M
OPERATING CASH FLOW	$246M
Capital Expenditure	-$5M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$5M
Net Debt Issuance	$0
Common Stock Repurchased	-$196M
Common Dividends Paid	$0
Other Financing Activities	$0
NET CASH FROM FINANCING	-$196M
FREE CASH FLOW	$241M
Net Change in Cash	$45M

Balance Sheet

Item	Amount
Cash & Equivalents	$271M
Short-Term Investments	$0
Net Receivables	$183M
Inventory	$0
Other Current Assets	$5M
TOTAL CURRENT ASSETS	$479M
PP&E (Net)	$33M
Goodwill	$62M
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$66M
Other Non-Current Assets	$32M
TOTAL NON-CURRENT ASSETS	$194M
TOTAL ASSETS	$673M
Account Payables	$25M
Short-Term Debt	$0
Deferred Revenue	$238M
Other Current Liabilities	$27M
TOTAL CURRENT LIABILITIES	$366M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$11M
TOTAL NON-CURRENT LIABILITIES	$29M
TOTAL LIABILITIES	$395M
Common Stock	$615.0K
Additional Paid-In Capital	$0
Retained Earnings	$305M
Treasury Stock	$0
Accum. Other Comp. Income	-$27M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$278M
Minority Interest	$0
TOTAL EQUITY	$278M
TOTAL LIABILITIES & EQUITY	$673M
Total Debt	$18M
Net Debt	-$253M