Manhattan associates, inc. (MANH)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
Operating activities:
Net income

22,530

16,758

27,107

20,925

20,972

25,915

28,455

27,668

22,652

24,514

32,599

31,144

28,224

29,917

33,496

33,341

27,480

26,370

27,897

26,004

23,204

20,354

22,340

20,594

18,712

16,846

19,688

17,407

13,355

12,470

13,809

14,172

11,402

10,525

14,877

12,339

7,166

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization

2,346

2,277

1,937

1,859

1,914

1,997

2,179

2,235

2,202

2,197

2,275

2,326

2,262

2,284

2,334

2,266

2,206

2,108

1,977

1,898

1,781

1,725

1,675

1,489

1,488

1,468

1,414

1,459

1,484

1,497

1,379

1,418

1,344

1,362

1,698

2,223

2,001

Equity-based compensation

7,564

8,195

8,002

8,462

7,182

5,291

5,303

4,927

4,343

5,188

3,773

2,796

4,472

4,210

3,541

3,495

4,688

3,441

5,348

2,661

3,078

2,704

2,297

2,396

2,274

2,076

1,209

2,133

1,907

2,543

2,158

1,977

1,660

3,055

2,503

2,405

2,409

Loss on disposal of equipment

-7

-7

315

127

-6

-3

-93

34

3

-118

-25

11

-20

-11

-5

-11

-3

-8

0

31

7

-10

8

-2

17

1

-31

0

-1

-

-

-

-

-3

-10

-13

1

Tax benefit of stock awards exercised/vested

-

-

-

-

-

-

-

-

-

-

-

-

-

43

97

46

5,023

735

587

1,247

6,601

1,245

441

407

6,547

679

1,314

781

4,206

2,867

2,053

490

4,491

4,136

460

1,686

1,199

Excess tax benefits from equity-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

44

96

51

5,023

734

588

1,246

6,579

1,203

443

407

6,509

632

1,131

711

4,163

1,805

1,664

428

3,634

1,058

218

509

689

Deferred income taxes

5,511

-75

-1,603

-1,510

1,782

-4,021

-1,047

-784

1,587

833

-1,225

-565

2,531

2,056

-1,209

-797

1,747

820

-504

-514

1,730

-1,827

-757

-423

1,302

1,717

-817

583

1,682

2,581

346

-103

2,564

4,230

-1,188

437

-1,070

Unrealized foreign currency (gain) loss

1,130

138

726

225

-381

-1,671

14

1,026

333

-103

-51

62

-104

30

-40

342

61

37

31

-214

97

588

-138

264

-90

-149

-428

297

75

-16

-238

-1

-172

-324

456

109

-52

Changes in operating assets and liabilities:
Accounts receivable, net

12,217

-8,113

8,866

-7,166

7,478

7,346

-5,918

15,415

-7,502

-5,044

148

11,310

-16,553

2,508

5,963

9,441

-13,554

5,614

9,611

-562

-2,440

-389

1,827

19,816

-4,496

2,861

-658

9,226

-2,255

-11,326

8,566

7,579

627

-376

4,172

7,637

-2,439

Other assets

4,889

1,882

898

3,123

3,021

-939

79

994

4,223

-1,601

-2,045

-954

3,939

-1,854

431

896

228

-165

1,495

-1,927

2,024

-1,210

2,103

-142

4,447

775

-1,245

-821

594

934

-565

-942

292

-214

923

-587

1,210

Accounts payable, accrued and other liabilities

-14,794

4,541

12,033

5,047

-809

7,544

-4,787

10,411

5,435

-3,081

-156

1,946

-4,063

4,772

-3,409

1,562

-12,186

6,852

4,852

193

-13,489

11,955

5,712

1,490

-5,638

7,766

2,739

-689

-6,652

1,433

2,461

1,461

-5,517

-212

2,022

5,547

-10,894

Income taxes

-5,385

604

3,721

-4,976

1,831

3,098

6,812

-16,586

2,286

4,027

7,185

-17,508

8,172

66

8,376

-4,357

2,044

-1,669

4,826

-4,309

-1,119

2,780

6,344

-4,139

-4,647

-2,406

6,019

4,607

-3,720

-3,435

5,103

7,995

-832

-8,764

5,395

957

-102

Deferred revenue

12,045

-3,838

-453

3,722

12,427

-1,060

-7,609

6,391

9,853

6,883

-2,380

1,609

6,940

-4,783

5,210

-5,756

1,179

3,674

8,088

-1,093

-344

1,691

-1,124

417

5,493

-1,025

-107

-3,272

10,414

-4,695

-382

548

2,328

638

-619

-1,918

6,804

Net cash provided by operating activities

11,588

34,562

39,939

37,220

35,187

34,031

35,224

16,793

51,301

47,427

44,044

11,319

61,276

37,848

41,991

19,081

40,426

36,119

41,346

27,513

15,175

40,445

32,685

1,888

19,144

23,001

32,690

13,596

20,100

23,864

17,457

20,891

13,059

14,829

16,870

16,021

8,104

Investing activities:
Purchase of property and equipment

1,245

3,835

8,053

2,689

616

1,770

1,481

1,881

2,174

2,302

1,194

1,914

789

1,378

1,358

2,201

1,906

1,873

3,850

2,671

3,098

2,739

3,096

2,424

1,156

1,539

1,568

1,035

598

3,537

1,086

1,454

1,796

1,402

1,676

658

1,338

Net maturities of investments

-

-

-

-

1,439

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net purchases of investments

-

-

-

-

-

-

0

-7,402

12,598

-

-4,970

-2,173

11,630

-

-2,088

-6,695

-1,418

-

2,272

-1,726

1,279

-

-

-

427

-

199

940

1,115

-

1,459

883

-2,106

-

-1,188

-119

842

Net cash (used in) provided by investing activities

-1,245

-3,835

-8,053

-2,689

823

894

-1,481

5,521

-14,772

2,614

3,776

259

-12,419

-1,378

730

4,494

-488

-2,099

-6,122

-945

-4,377

-1,369

-6,277

-3,438

-1,583

-2,350

-1,767

-1,975

-1,713

-2,437

-2,545

-2,337

310

-1,402

-488

-539

-2,180

Financing activities:
Purchase of common stock

43,032

35,028

36,221

20,078

30,160

24,764

20,844

47,899

55,815

50,007

80

25,001

56,619

49,965

25,156

35,021

57,791

25,299

25,509

25,297

36,033

25,498

15,401

25,126

33,179

15,484

13,813

14,428

20,474

31,488

21,432

16,748

33,487

37,575

29,573

38,415

27,581

Proceeds from issuance of common stock from options exercised

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

18

149

33

257

278

557

185

99

730

385

1,508

1,238

2,623

6,374

7,775

1,825

16,108

22,456

4,748

13,995

11,522

Excess tax benefits from equity-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

44

96

51

5,023

734

588

1,246

6,579

1,203

443

407

6,509

632

1,131

711

4,163

1,805

1,664

428

3,634

1,058

218

509

689

Net cash used in financing activities

-43,032

-35,028

-36,221

-20,078

-30,160

-24,764

-20,844

-47,899

-55,815

-50,007

-80

-25,001

-56,619

-49,921

-25,060

-34,970

-52,750

-24,416

-24,888

-23,794

-29,176

-23,738

-14,773

-24,620

-25,940

-14,467

-11,174

-12,479

-13,688

-23,309

-11,993

-14,495

-13,745

-14,061

-24,607

-23,911

-15,370

Foreign currency impact on cash

-2,710

1,361

-1,448

69

-97

-784

-2,184

-2,049

432

670

374

919

1,355

-1,765

35

-1,282

208

-217

-1,463

293

-241

-746

-1,640

642

653

-46

-135

-1,612

-343

-471

1,079

-1,244

473

-1,339

-1,022

186

345

Net change in cash and cash equivalents

-35,399

-2,940

-5,783

14,522

5,753

9,377

10,715

-27,634

-18,854

704

48,114

-12,504

-6,407

-15,216

17,696

-12,677

-12,604

9,387

8,873

3,067

-18,619

14,592

9,995

-25,528

-7,726

6,138

19,614

-2,470

4,356

-2,353

3,998

2,815

97

-1,973

-9,247

-8,243

-9,101