10-Q Filing

PROS HOLDINGS, INC. CIK: 1392972 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0001193125-12-218340`
Period End Date	20120331
Filing Date	20120508
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	pro-20120331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 39 Cash Flow Statement 49

Balance Sheet 66 line items

Line Item	Tag	Value	Unit	Period
Allowance for accounts and unbilled receivables	`AllowanceForDoubtfulAccountsReceivableCurrent`	$910.00K	USD	Point-in-time
Allowance for accounts and unbilled receivables	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.13M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash and cash equivalents	`CashEquivalentsAtCarryingValue`	$68.46M	USD	Point-in-time
Cash and cash equivalents	`CashEquivalentsAtCarryingValue`	$70.91M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Accounts and unbilled receivables, net of allowance of $910 and $1,130, respectively	`AccountAndUnbilledReceivables`	$33.86M	USD	Point-in-time
Accounts and unbilled receivables, net of allowance of $910 and $1,130, respectively	`AccountAndUnbilledReceivables`	$27.86M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Prepaid and other current assets	`PrepaidAndOtherCurrentAssets`	$8.35M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid and other current assets	`PrepaidAndOtherCurrentAssets`	$8.53M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$110.67M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$107.30M	USD	Point-in-time
Restricted cash	`RestrictedCashLongTerm`	$329.00K	USD	Point-in-time
Restricted cash	`RestrictedCashLongTerm`	$329.00K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	31.75M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	31.43M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$4.70M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	27.34M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$5.32M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	27.01M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	4.42M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	4.42M	shares	Point-in-time
Other long term assets, net	`OtherAssetsNoncurrent`	$5.55M	USD	Point-in-time
Other long term assets, net	`OtherAssetsNoncurrent`	$5.70M	USD	Point-in-time
Total assets	`Assets`	$121.26M	USD	Point-in-time
Total assets	`Assets`	$118.65M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.92M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.72M	USD	Point-in-time
Accrued liabilities	`AccruedLiability`	$1.32M	USD	Point-in-time
Accrued liabilities	`AccruedLiability`	$1.12M	USD	Point-in-time
Accrued payroll and other employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$2.08M	USD	Point-in-time
Accrued payroll and other employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$5.14M	USD	Point-in-time
Deferred revenue	`ShortTermDeferredRevenue`	$30.73M	USD	Point-in-time
Deferred revenue	`ShortTermDeferredRevenue`	$33.09M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$38.65M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$44.47M	USD	Point-in-time
Long-term deferred revenue	`LongTermDeferredRevenue`	$2.85M	USD	Point-in-time
Long-term deferred revenue	`LongTermDeferredRevenue`	$2.81M	USD	Point-in-time
Total liabilities	`Liabilities`	$41.46M	USD	Point-in-time
Total liabilities	`Liabilities`	$47.32M	USD	Point-in-time
Commitments and contingencies (Note 5)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 5)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.001 par value, 5,000,000 shares authorized none issued	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.001 par value, 5,000,000 shares authorized none issued	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.001 par value, 75,000,000 shares authorized, 31,753,002 and 31,432,430 shares issued, respectively, 27,335,417 and 27,014,845 shares outstanding, respectively	`CommonStockValue`	$32.00K	USD	Point-in-time
Common stock, $0.001 par value, 75,000,000 shares authorized, 31,753,002 and 31,432,430 shares issued, respectively, 27,335,417 and 27,014,845 shares outstanding, respectively	`CommonStockValue`	$31.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$77.93M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$79.99M	USD	Point-in-time
Treasury stock, 4,417,585 common shares, at cost	`TreasuryStockValue`	$13.94M	USD	Point-in-time
Treasury stock, 4,417,585 common shares, at cost	`TreasuryStockValue`	$13.94M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-11.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-11.00K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$9.93M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$11.12M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$77.19M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$73.94M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$121.26M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$118.65M	USD	Point-in-time

Income Statement 39 line items

Line Item	Tag	Value	Unit	Period
License and implementation	`LicenseAndImplementationRevenue`	$17.80M	USD	1 Quarter
License and implementation	`LicenseAndImplementationRevenue`	$13.79M	USD	1 Quarter
Maintenance and support	`MaintenanceAndSupportRevenue`	$7.61M	USD	1 Quarter
Maintenance and support	`MaintenanceAndSupportRevenue`	$9.22M	USD	1 Quarter
Total revenue	`Revenues`	$27.02M	USD	1 Quarter
Total revenue	`Revenues`	$21.41M	USD	1 Quarter
License and implementation	`LicenseAndImplementation`	$5.99M	USD	1 Quarter
License and implementation	`LicenseAndImplementation`	$4.62M	USD	1 Quarter
Maintenance and support	`CostOfServicesMaintenanceCosts`	$1.94M	USD	1 Quarter
Maintenance and support	`CostOfServicesMaintenanceCosts`	$1.71M	USD	1 Quarter
Total cost of revenue	`CostOfServices`	$7.92M	USD	1 Quarter
Total cost of revenue	`CostOfServices`	$6.33M	USD	1 Quarter
Gross profit	`GrossProfit`	$19.10M	USD	1 Quarter
Gross profit	`GrossProfit`	$15.07M	USD	1 Quarter
Selling, marketing, general and administrative	`SellingGeneralAndAdministrativeExpenses`	$10.25M	USD	1 Quarter
Selling, marketing, general and administrative	`SellingGeneralAndAdministrativeExpenses`	$7.87M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost`	$6.70M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost`	$5.96M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$2.15M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$1.24M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$1.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$18.00K	USD	1 Quarter
Income before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.26M	USD	1 Quarter
Income before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$2.15M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$961.00K	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$404.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.19M	USD	1 Quarter
Net income	`NetIncomeLoss`	$856.00K	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.04	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.03	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.04	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.03	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	27.17M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	26.59M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	28.28M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.45M	shares	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease`	-	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$1.19M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$856.00K	USD	1 Quarter

Cash Flow Statement 49 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$1.19M	USD	1 Quarter
Net income	`NetIncomeLoss`	$856.00K	USD	1 Quarter
Depreciation	`Depreciation`	$367.00K	USD	1 Quarter
Depreciation	`Depreciation`	$427.00K	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$1.76M	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$2.03M	USD	1 Quarter
Excess tax benefits on share-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$1.40M	USD	1 Quarter
Excess tax benefits on share-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$852.00K	USD	1 Quarter
Deferred income tax	`DeferredIncomeTaxExpenseBenefit`	$-201.00K	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-220.00K	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$38.00K	USD	1 Quarter
Accounts and unbilled receivables	`AccountsAndUnbilledReceivables`	$-6.22M	USD	1 Quarter
Accounts and unbilled receivables	`AccountsAndUnbilledReceivables`	$-4.47M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.04M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$203.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-706.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-183.00K	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-226.00K	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-641.00K	USD	1 Quarter
Accrued payroll and other employee benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-669.00K	USD	1 Quarter
Accrued payroll and other employee benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-3.06M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-2.40M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$1.72M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$3.42M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$5.93M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$697.00K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.03M	USD	1 Quarter
Increase in restricted cash	`IncreaseDecreaseInRestrictedCash`	$36.00K	USD	1 Quarter
Increase in short-term investment	`PaymentsToAcquireShortTermInvestments`	$292.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.02M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.03M	USD	1 Quarter
Exercise of stock options	`ProceedsFromStockOptionsExercised`	$1.07M	USD	1 Quarter
Exercise of stock options	`ProceedsFromStockOptionsExercised`	$488.00K	USD	1 Quarter
Excess tax benefits on share-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$852.00K	USD	1 Quarter
Excess tax benefits on share-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$1.40M	USD	1 Quarter
Tax withholding related to net share settlement of restricted stock units	`TaxWithholdingRelatedToNetShareSettlementOfRestrictedStockUnits`	$1.82M	USD	1 Quarter
Tax withholding related to net share settlement of restricted stock units	`TaxWithholdingRelatedToNetShareSettlementOfRestrictedStockUnits`	$1.17M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$63.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$747.00K	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.46M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$5.65M	USD	1 Quarter
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$68.46M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$70.91M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$55.84M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$61.50M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$68.46M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$70.91M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$55.84M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$61.50M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.