Manhattan Associates Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	219.95	218.36	176.57	128.96	110.47
Depreciation & Amortization	6.32	6.3	5.75	6.66	7.91
Stock-Based Compensation	111.26	93.21	71.57	59.36	43.26
Other Adjustments	18.07	-29.2	-27.51	-31.32	-2.4
Change in Receivables	-3.58	-26.7	-13.08	-44.06	-16.65
Changes in Accounts Payable	-0.23	1.25	18.12	11.79	12.26
Changes in Income Taxes Payable	0.32	-6.24	-1.42	0.77	-3.67
Changes in Unearned Revenue	52.1	42.19	27.14	57.71	40.53
Changes in Other Operating Activities	-14.73	-4.16	-10.93	-10.25	-6.53
Operating Cash Flow	389.47	295	246.22	179.63	185.18
Operating Cash Flow Growth	32.02%	19.81%	37.07%	-3.00%	31.44%
Capital Expenditures	-15.46	-8.68	-4.73	-6.59	-4.02
Investing Cash Flow	-15.46	-8.68	-4.73	-6.59	-4.02
Repurchase of Common Stock	-315.16	-286.37	-196.05	-204.46	-120.42
Net Common Stock Issued (Repurchased)	-315.16	-286.37	-196.05	-204.46	-120.42
Financing Cash Flow	-315.16	-286.37	-196.05	-204.46	-120.42
Effect of Exchange Rate Changes on Cash and Cash Equivalents	3.67	-4.47	-0.16	-6.83	-1.75
Net Cash Flow	62.52	-4.51	45.28	-38.24	59
Free Cash Flow	374.01	286.33	241.49	173.04	181.17
Free Cash Flow Growth	30.62%	18.57%	39.55%	-4.48%	31.13%
FCF Margin	34.59%	27.47%	26.00%	22.56%	27.30%
Free Cash Flow Per Share	6.13	4.60	3.86	2.73	2.82
Levered Free Cash Flow	248.27	249.03	210.51	189.05	156.96
Unlevered Free Cash Flow	243.58	244.76	207.38	184.63	157.17

Updated Jan 27, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q