Manhattan Associates Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	216.66	219.95	218.36	176.57	128.96	110.47
Depreciation & Amortization	6.61	6.32	6.3	5.75	6.66	7.91
Stock-Based Compensation	108.96	111.26	93.21	71.57	59.36	43.26
Other Adjustments	44.74	18.07	-29.2	-27.51	-31.32	-2.4
Change in Receivables	-13.48	-3.58	-26.7	-13.08	-44.06	-16.65
Changes in Accounts Payable	14.53	-0.23	1.25	18.12	11.79	12.26
Changes in Income Taxes Payable	-21.95	0.32	-6.24	-1.42	0.77	-3.67
Changes in Unearned Revenue	54.61	52.1	42.19	27.14	57.71	40.53
Changes in Other Operating Activities	-12.42	-14.73	-4.16	-10.93	-10.25	-6.53
Operating Cash Flow	398.26	389.47	295	246.22	179.63	185.18
Operating Cash Flow Growth	26.22%	32.02%	19.81%	37.07%	-3.00%	31.44%
Capital Expenditures	-18.67	-15.46	-8.68	-4.73	-6.59	-4.02
Investing Cash Flow	-18.67	-15.46	-8.68	-4.73	-6.59	-4.02
Repurchase of Common Stock	-358.1	-315.16	-286.37	-196.05	-204.46	-120.42
Net Common Stock Issued (Repurchased)	-358.1	-315.16	-286.37	-196.05	-204.46	-120.42
Financing Cash Flow	-358.1	-315.16	-286.37	-196.05	-204.46	-120.42
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-1.22	3.67	-4.47	-0.16	-6.83	-1.75
Net Cash Flow	20.26	62.52	-4.51	45.28	-38.24	59
Free Cash Flow	379.59	374.01	286.33	241.49	173.04	181.17
Free Cash Flow Growth	1.49%	30.62%	18.57%	39.55%	-4.48%	31.13%
FCF Margin	34.48%	34.59%	27.47%	26.00%	22.56%	27.30%
Free Cash Flow Per Share	6.26	6.13	4.60	3.86	2.73	2.82
Levered Free Cash Flow	239.37	248.27	249.03	210.51	189.05	156.96
Unlevered Free Cash Flow	232.59	243.58	244.76	207.38	184.63	157.17

Updated Apr 24, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q