Manhattan Associates, Inc. (MANH) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | 84.05M | 147.05M | 93.11M | 74.05M | 75.26M | 104.7M | 62.3M | 73.26M | 54.74M | 88.36M | 58.57M | 40.57M | 58.72M | 55.23M | 39.92M | 52.69M | 31.79M | 40.1M | 59.69M | 45.51M |
| Operating CF Margin % | 29.78% | 54.38% | 33.76% | 27.18% | 28.64% | 40.93% | 23.36% | 27.61% | 21.5% | 37.09% | 24.57% | 17.56% | 26.57% | 27.88% | 20.15% | 27.45% | 17.77% | 23.38% | 35.28% | 27.4% |
| Operating CF Growth % | 11.67% | 40.44% | 49.46% | 1.08% | 37.49% | 18.5% | 6.36% | 80.58% | -6.78% | 59.99% | 46.73% | -23% | 84.69% | 37.72% | -33.12% | 15.78% | -20.29% | 5.49% | 40.5% | -6.74% |
| Net Income | 49.3M | 51.95M | 58.63M | 56.78M | 52.58M | 48.02M | 63.78M | 52.77M | 53.8M | 48.74M | 49.42M | 39.62M | 38.79M | 37.87M | 29.67M | 30.82M | 30.59M | 20.58M | 36.65M | 30.59M |
| Depreciation & Amortization | 1.83M | 1.53M | 1.66M | 1.58M | 1.54M | 1.63M | 1.69M | 1.49M | 1.49M | 1.5M | 1.44M | 1.32M | 1.49M | 1.51M | 1.66M | 1.75M | 1.75M | 1.78M | 1.92M | 2.08M |
| Stock-Based Compensation | 26.52M | 0 | 51.85M | 24.27M | 28.83M | 22.59M | 23.85M | 24.67M | 22.09M | 17.97M | 19.03M | 17.93M | 16.64M | 15.15M | 14.53M | 15.54M | 14.14M | 11.93M | 10.57M | 10.71M |
| Deferred Taxes | 31.85M | 396K | 22.9M | -7.09M | 2.13M | -8.14M | -8.03M | -8.65M | -3.87M | -10.48M | -7.32M | -8.52M | -2.52M | -8.97M | -8.2M | -8.55M | -3.98M | -1.7M | -1.98M | -1.87M |
| Other Non-Cash Items | -2.37M | 30.09M | -25.06M | 328K | 683K | -1.29M | 289K | 123K | 363K | 373K | -635K | 416K | 1.18M | 1.35M | -774K | -1.69M | -494K | 449K | 94K | -641K |
| Working Capital Changes | -23.09M | 63.08M | -16.88M | -1.83M | -10.51M | 41.9M | -19.29M | 2.87M | -19.14M | 30.26M | -3.36M | -10.2M | 3.14M | 8.33M | 3.02M | 14.82M | -10.21M | 7.07M | 12.43M | 4.63M |
| Change in Receivables | -13.22M | 5.28M | -10.06M | 4.52M | -3.32M | -9.19M | -6.36M | 14.28M | -25.43M | 4.08M | -6.14M | -17.75M | 6.73M | -20.67M | -11.68M | -3.63M | -8.08M | -9.35M | -2.01M | -7.49M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -247K | -6.27M | -2.42M | 0 | 0 | 0 | 0 | 0 | 1.09M | -1.43M | 2.48M |
| Change in Payables | -4.04M | 18.23M | -1.99M | 2.33M | -18.81M | 14.62M | 4.71M | 2.73M | -20.81M | 4.65M | 16.07M | 7.42M | -10.01M | -8.95M | 21.33M | 5.59M | -6.18M | -1.17M | 3.84M | 6.93M |
| Cash from Investing | -4.1M | -4.66M | -5.93M | -3.98M | -891K | -3.13M | -1.01M | -2.22M | -2.32M | -1.97M | -1.09M | -1.01M | -666K | -2.44M | -1.91M | -1.08M | -1.16M | -1.86M | -987K | -602K |
| Capital Expenditures | -4.1M | -4.66M | -5.93M | -3.98M | -891K | -3.13M | -1.01M | -2.22M | -2.32M | -1.97M | -1.09M | -1.01M | -666K | -2.44M | -1.91M | -1.08M | -1.16M | -1.86M | -987K | -602K |
| CapEx % of Revenue | 1.45% | 1.72% | 2.15% | 1.46% | 0.34% | 1.22% | 0.38% | 0.84% | 0.91% | 0.83% | 0.46% | 0.44% | 0.3% | 1.23% | 0.96% | 0.56% | 0.65% | 1.08% | 0.58% | 0.36% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Financing | -179.39M | -76.97M | -51.55M | -50.19M | -136.45M | -45.22M | -51.6M | -75.71M | -113.83M | -331K | -26.6M | -67.43M | -101.69M | -25.43M | -51.24M | -50.68M | -77.11M | -20.18M | -20.76M | -33.08M |
| Debt Issued (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Equity Issued (Net) | -179.39M | -76.97M | -51.55M | -50.19M | -136.45M | -45.22M | -51.6M | -75.71M | -113.83M | -331K | -26.6M | -67.43M | -101.69M | -25.43M | -51.24M | -50.68M | -77.11M | -20.18M | -20.76M | -33.08M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -179.39M | -76.97M | -51.55M | -50.19M | -136.45M | -45.22M | -51.6M | -75.71M | -113.83M | -331K | -26.6M | -67.43M | -101.69M | -25.43M | -51.24M | -50.68M | -77.11M | -20.18M | -20.76M | -33.08M |
| Other Financing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Change in Cash | -102.61M | 65.19M | 32.96M | 24.72M | -60.36M | 51.28M | 12.24M | -4.82M | -63.22M | 88.43M | 29.02M | -28.3M | -43.87M | 28.41M | -16.72M | -2.55M | -47.39M | 17.26M | 37.1M | 12.18M |
| Free Cash Flow | 79.94M | 142.39M | 87.18M | 70.07M | 74.37M | 101.58M | 61.29M | 71.05M | 52.42M | 86.39M | 57.49M | 39.56M | 58.05M | 52.79M | 38.01M | 51.61M | 30.63M | 38.24M | 58.7M | 44.91M |
| FCF Margin % | 28.33% | 52.66% | 31.61% | 25.72% | 28.3% | 39.71% | 22.98% | 26.78% | 20.59% | 36.26% | 24.11% | 17.12% | 26.27% | 26.65% | 19.19% | 26.89% | 17.12% | 22.3% | 34.69% | 27.03% |
| FCF Growth % | 7.49% | 40.18% | 42.25% | -1.37% | 41.88% | 17.58% | 6.62% | 79.58% | -9.7% | 63.64% | 51.24% | -23.34% | 89.5% | 38.04% | -35.24% | 14.91% | -22.09% | 2.77% | 38.75% | -7.01% |
| FCF per Share | 1.33 | 2.35 | 1.43 | 1.15 | 1.21 | 1.64 | 0.99 | 1.14 | 0.84 | 1.38 | 0.92 | 0.63 | 0.92 | 0.84 | 0.60 | 0.81 | 0.48 | 0.60 | 0.91 | 0.70 |
| FCF Conversion (FCF/Net Income) | 1.70x | 2.83x | 1.59x | 1.30x | 1.43x | 2.18x | 0.98x | 1.39x | 1.02x | 1.81x | 1.19x | 1.02x | 1.51x | 1.46x | 1.35x | 1.71x | 1.04x | 1.95x | 1.63x | 1.49x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |