Manhattan Associates Inc. Files 2023 Annual Report (10-K)

TL;DR

<b>Manhattan Associates Inc. has filed its 2023 10-K annual report, detailing its financial performance and operations.</b>

AI Summary

MANHATTAN ASSOCIATES INC (MANH) filed a Annual Report (10-K) with the SEC on February 6, 2024. The filing is a 10-K annual report for Manhattan Associates Inc. for the fiscal year ending December 31, 2023. The company is incorporated in Georgia and operates in the Prepackaged Software industry (SIC 7372). Key addresses include 2300 Windy Ridge Parkway, Atlanta, GA. The filing references various financial statement items and periods, including 2021, 2022, and 2023. Subsequent events are noted for January 30 and January 31, 2024.

Why It Matters

For investors and stakeholders tracking MANHATTAN ASSOCIATES INC, this filing contains several important signals. This 10-K filing provides a comprehensive overview of Manhattan Associates' financial health, operational performance, and strategic positioning for the fiscal year 2023. Investors and analysts can use this report to assess the company's financial stability, growth prospects, and potential risks, informing investment decisions.

Risk Assessment

Risk Level: medium — MANHATTAN ASSOCIATES INC shows moderate risk based on this filing. The filing is a standard 10-K, which is a comprehensive but routine disclosure. Specific risks are not detailed in the provided header information, necessitating a deeper review of the full document.

Analyst Insight

Review the full 10-K filing to identify specific financial performance metrics, revenue breakdowns by segment, executive compensation details, and detailed risk factors.

Key Numbers

• 2023-12-31 — Fiscal Year End (Reporting period)
• 2024-02-06 — Filing Date (Date of submission)
• 64 — Public Document Count (Number of documents in the filing)
• 000-23999 — SEC File Number (Company's SEC file number)

Key Players & Entities

• MANHATTAN ASSOCIATES INC (company) — Filer name
• MANH (company) — Ticker symbol
• 2023-12-31 (date) — Fiscal year end
• 2024-02-06 (date) — Filing date
• 7709557070 (phone) — Business phone number
• GA (location) — State of incorporation and business address
• 7372 (industry) — Standard Industrial Classification
• 2024-01-30 (date) — Subsequent event date

FAQ

Key Dates

• 2023-12-31: Fiscal Year End — End of the reporting period for the 10-K.
• 2024-02-06: Filing Date — Date the 10-K was officially submitted to the SEC.
• 2024-01-30: Subsequent Event — Indicates events occurring after the fiscal year-end but before the filing date.
• 2024-01-31: Subsequent Event — Indicates events occurring after the fiscal year-end but before the filing date.

Key Financial Figures

• $199.88 — ed based upon a closing sales price o f $199.88 per share of the Common Stock as report

Filing Documents

• manh-20231231.htm (10-K) — 2501KB
• manh-ex10_1.htm (EX-10.1) — 215KB
• manh-ex10_41.htm (EX-10.41) — 13KB
• manh-ex10_51.htm (EX-10.51) — 19KB
• manh-ex19_1.htm (EX-19.1) — 26KB
• manh-ex23_1.htm (EX-23.1) — 8KB
• manh-ex31_1.htm (EX-31.1) — 14KB
• manh-ex31_2.htm (EX-31.2) — 13KB
• manh-ex32.htm (EX-32) — 9KB
• manh-ex97_1.htm (EX-97.1) — 39KB
• img216941502_0.jpg (GRAPHIC) — 7KB
• 0000950170-24-011411.txt (&nbsp;) — 9421KB
• manh-20231231.xsd (EX-101.SCH) — 1031KB
• manh-20231231_htm.xml (XML) — 1775KB

Business

Business 4 Item 1A

Risk Factors

Risk Factors 12 Item 1B Unresolved Staff Comments 20 Item 1C Cybersecurity 20 Item 2

Properties

Properties 22 Item 3

Legal Proceedings

Legal Proceedings 22 Item 4 Mine Safety Disclosures 23 PART II Item 5 Market for Registrant's Common Equity, Related Shareholder Matters, and Issuer Purchases of Equity Securities 24 Item 6 [Reserved] 24 Item 7

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 25 Item 7A

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 38 Item 8

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 39 Item 9 Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 63 Item 9A

Controls and Procedures

Controls and Procedures 63 Item 9B Other Information 63 Item 9C Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 63 PART III Item 10 Directors, Executive Officers and Corporate Governance 64 Item 11

Executive Compensation

Executive Compensation 64 Item 12

Security Ownership of Certain Beneficial Owners and Management and Related Shareholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Shareholder Matters 64 Item 13 Certain Relationships and Related Transactions, and Director Independence 64 Item 14 Principal Accountant Fees and Services 64 PART IV Item 15 Exhibits 65 Item 16 Form 10-K Summary Exhibit Index 66

Forward-Looking Statements

Forward-Looking Statements Certain statements contained in this filing are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including but not limited to statements related to expectations about global macroeconomic trends and industry developments, plans for future business development activities, anticipated costs of revenues, product mix and service revenues, research and development, selling, general and administrative activities, and liquidity and capital needs and resources. When used in this Annual Report, on Form 10-K (this "Form 10-K") the words "may," "expect," "forecast," "anticipate," "intend," "plan," "design", "believe," "could," "seek," "estimate," "project," and similar expressions are generally intended to identify forward-looking statements. Undue reliance should not be placed on these forward-looking statements, which reflect opinions only as of the date of this Form 10-K. Such forward-looking statements are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. Investors are cautioned that forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Some of the factors that could cause actual results to differ materially from the results discussed in forward-looking statements include: ongoing disruption and transformation in our vertical markets; general economic, political and market conditions, including inflation; our ability to attract and retain highly skilled employees; competition; our dependence on a single line of business; our dependence on generating revenue from cloud subscriptions and software licenses to drive business; undetected errors or "bugs" in our software; the risk of defects, de

Business

Item 1. Business Overview Manhattan Associates was founded in 1990 in Manhattan Beach, California and incorporated in Georgia in 1998. References in this filing to the "Company," "Manhattan," "Manhattan Associates," "we," "our" and "us" refer to Manhattan Associates, Inc., our predecessors, and our wholly-owned and consolidated subsidiaries. Our principal executive offices are located at 2300 Windy Ridge Parkway, Tenth Floor, Atlanta, Georgia 30339, and our telephone number is 770-955-7070. We develop, sell, deploy, service and maintain software solutions designed to manage supply chains, inventory and omnichannel operations for retailers, wholesalers, manufacturers, logistics providers and other organizations. Our customers include many of the world's premier and most profitable brands. We run our Manhattan Active applications in the cloud and deliver them as subscription-based software as a service (SaaS), and its architecture is highly differentiated among enterprise application providers, particularly within the Omni Channel and Supply Chain categories. We believe our application architecture delivers a versionless yet highly extensible experience for our customers. We offer our customers access to new innovation on a quarterly basis, ensuring all customers are running on a single fully up-to-date codebase. Manhattan Active also provides zero downtime updates, so we are able to deliver innovation seamlessly into customer environments without the need for planned maintenance windows. Manhattan Associates develops modern commerce solutions that help its customers in three distinct areas of their business: Supply Chain - We provide companies the tools needed to manage distribution and optimize transportation costs throughout their entire commercial network. Manhattan's Warehouse Management solutions are widely regarded as industry-leading systems designed to optimize productivity and throughput in distribution centers and warehouses around the world. Our

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View this 10-K filing on SEC EDGAR