10-Q Filing

PROS HOLDINGS, INC. CIK: 1392972 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0001392972-14-000064`
Period End Date	20140331
Filing Date	20140512
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	pro-20140331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 79 Income Statement 52 Cash Flow Statement 56

Balance Sheet 79 line items

Line Item	Tag	Value	Unit	Period
Allowance for bad debts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.06M	USD	Point-in-time
Allowance for bad debts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$860.00K	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$83.56M	USD	Point-in-time
Preferred stock - shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$47.04M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$82.46M	USD	Point-in-time
Preferred stock - shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$44.69M	USD	Point-in-time
Preferred stock - shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts and unbilled receivables, net of allowance of $720 and $760, respectively	`AccountAndUnbilledReceivablesNet`	$50.50M	USD	Point-in-time
Accounts and unbilled receivables, net of allowance of $720 and $760, respectively	`AccountAndUnbilledReceivablesNet`	$46.57M	USD	Point-in-time
Preferred stock - shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Common stock - par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock - par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$7.84M	USD	Point-in-time
Prepaid and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$6.16M	USD	Point-in-time
Common stock - shares authorized	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Restricted Cash and Cash Equivalents, Current	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$2.48M	USD	Point-in-time
Restricted Cash and Cash Equivalents, Current	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$39.72M	USD	Point-in-time
Common stock - shares authorized	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Common stock - shares issued	`CommonStockSharesIssued`	33.35M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$107.86M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$137.13M	USD	Point-in-time
Common stock - shares issued	`CommonStockSharesIssued`	32.61M	shares	Point-in-time
Common stock - shares outstanding	`CommonStockSharesOutstanding`	28.19M	shares	Point-in-time
Restricted cash	`RestrictedCashAndInvestmentsNoncurrent`	$100.00K	USD	Point-in-time
Common stock - shares outstanding	`CommonStockSharesOutstanding`	28.93M	shares	Point-in-time
Restricted cash	`RestrictedCashAndInvestmentsNoncurrent`	$100.00K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$17.75M	USD	Point-in-time
Treasury stock - shares	`TreasuryStockShares`	4.42M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$15.59M	USD	Point-in-time
Treasury stock - shares	`TreasuryStockShares`	4.42M	shares	Point-in-time
Other long term assets, net	`OtherAssetsNoncurrent`	$1.40M	USD	Point-in-time
Other long term assets, net	`OtherAssetsNoncurrent`	$1.25M	USD	Point-in-time
Total assets	`Assets`	$179.83M	USD	Point-in-time
Total assets	`Assets`	$186.46M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$7.84M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$12.47M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$5.21M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$8.80M	USD	Point-in-time
Accrued payroll and other employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$9.68M	USD	Point-in-time
Accrued payroll and other employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$11.39M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$47.28M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$42.27M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$65.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$79.94M	USD	Point-in-time
Long-term deferred revenue	`DeferredRevenueNoncurrent`	$2.98M	USD	Point-in-time
Long-term deferred revenue	`DeferredRevenueNoncurrent`	$3.87M	USD	Point-in-time
Other Liabilities, Noncurrent	`OtherLiabilitiesNoncurrent`	$3.48M	USD	Point-in-time
Other Liabilities, Noncurrent	`OtherLiabilitiesNoncurrent`	$546.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$68.53M	USD	Point-in-time
Total liabilities	`Liabilities`	$87.30M	USD	Point-in-time
Commitments and contingencies (Note 7)	`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; 33,351,258 and 32,606,228 shares issued, respectively; 28,933,673 and 28,188,643 shares outstanding, respectively	`CommonStockValue`	$33.00K	USD	Point-in-time
Common stock, $0.001 par value, 75,000,000 shares authorized; 33,351,258 and 32,606,228 shares issued, respectively; 28,933,673 and 28,188,643 shares outstanding, respectively	`CommonStockValue`	$34.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$106.88M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$100.16M	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
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$9.87M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$18.33M	USD	Point-in-time
Accumulated Other Comprehensive Income (Loss), Net of Tax	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	-	USD	Point-in-time
Accumulated Other Comprehensive Income (Loss), Net of Tax	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-26.00K	USD	Point-in-time
Stockholders' Equity Attributable to Noncontrolling Interest	`MinorityInterest`	-	USD	Point-in-time
Stockholders' Equity Attributable to Noncontrolling Interest	`MinorityInterest`	$3.05M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$99.16M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$111.30M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$179.83M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$186.46M	USD	Point-in-time
Intangible Assets, Net (Excluding Goodwill)	`IntangibleAssetsNetExcludingGoodwill`	$25.53M	USD	Point-in-time
Intangible Assets, Net (Excluding Goodwill)	`IntangibleAssetsNetExcludingGoodwill`	$8.23M	USD	Point-in-time
Goodwill	`Goodwill`	$23.31M	USD	Point-in-time
Goodwill	`Goodwill`	$7.02M	USD	Point-in-time
Deferred Tax Assets, Net of Valuation Allowance, Noncurrent	`DeferredTaxAssetsNetNoncurrent`	$10.51M	USD	Point-in-time
Deferred Tax Assets, Net of Valuation Allowance, Noncurrent	`DeferredTaxAssetsNetNoncurrent`	$10.51M	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
License and implementation	`LicensesRevenue`	$22.59M	USD	1 Quarter
License and implementation	`LicensesRevenue`	$28.29M	USD	1 Quarter
Maintenance and support	`MaintenanceRevenue`	$12.62M	USD	1 Quarter
Maintenance and support	`MaintenanceRevenue`	$11.03M	USD	1 Quarter
Total revenue	`Revenues`	$33.63M	USD	1 Quarter
Total revenue	`Revenues`	$40.91M	USD	1 Quarter
License and implementation	`LicenseCosts`	$11.43M	USD	1 Quarter
License and implementation	`LicenseCosts`	$8.47M	USD	1 Quarter
Maintenance and support	`MaintenanceCosts`	$2.58M	USD	1 Quarter
Maintenance and support	`MaintenanceCosts`	$2.08M	USD	1 Quarter
Total cost of revenue	`CostOfServices`	$10.55M	USD	1 Quarter
Total cost of revenue	`CostOfServices`	$14.01M	USD	1 Quarter
Gross profit	`GrossProfit`	$23.07M	USD	1 Quarter
Gross profit	`GrossProfit`	$26.90M	USD	1 Quarter
Selling, marketing, general and administrative	`SellingGeneralAndAdministrativeExpenses`	$22.45M	USD	1 Quarter
Selling, marketing, general and administrative	`SellingGeneralAndAdministrativeExpenses`	$14.29M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost`	$8.10M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost`	$11.56M	USD	1 Quarter
Business Combination, Acquisition Related Costs	`BusinessCombinationAcquisitionRelatedCosts`	-	USD	1 Quarter
Business Combination, Acquisition Related Costs	`BusinessCombinationAcquisitionRelatedCosts`	$1.39M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$-8.50M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$689.00K	USD	1 Quarter
Other Nonoperating Income (Expense)	`OtherNonoperatingIncomeExpense`	$-103.00K	USD	1 Quarter
Other Nonoperating Income (Expense)	`OtherNonoperatingIncomeExpense`	$-972.00K	USD	1 Quarter
Income before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$586.00K	USD	1 Quarter
Income before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-9.47M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$-560.00K	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$-1.15M	USD	1 Quarter
Net income	`NetIncomeLoss`	$-8.46M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.73M	USD	1 Quarter
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	`ProfitLoss`	$1.73M	USD	1 Quarter
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	`ProfitLoss`	$-8.91M	USD	1 Quarter
Net Income (Loss) Attributable to Noncontrolling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Net Income (Loss) Attributable to Noncontrolling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-457.00K	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.29	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.06	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.29	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.06	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	27.76M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	28.67M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	29.37M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	28.67M	shares	1 Quarter
Accumulated Other Comprehensive Income (Loss), Net of Tax	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	-	USD	Point-in-time
Accumulated Other Comprehensive Income (Loss), Net of Tax	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-26.00K	USD	Point-in-time
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$-26.00K	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$1.73M	USD	1 Quarter
Comprehensive (Income) Loss, Net of Tax, Attributable to Noncontrolling Interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Comprehensive (Income) Loss, Net of Tax, Attributable to Noncontrolling Interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-457.00K	USD	1 Quarter
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-8.94M	USD	1 Quarter
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$1.73M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$1.73M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$-8.48M	USD	1 Quarter

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$-8.46M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.73M	USD	1 Quarter
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	`ProfitLoss`	$1.73M	USD	1 Quarter
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	`ProfitLoss`	$-8.91M	USD	1 Quarter
Depreciation, Depletion and Amortization	`DepreciationDepletionAndAmortization`	$967.00K	USD	1 Quarter
Depreciation, Depletion and Amortization	`DepreciationDepletionAndAmortization`	$2.59M	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$4.41M	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$3.42M	USD	1 Quarter
Tax Benefit from Stock Options Exercised	`DeferredTaxExpenseFromStockOptionsExercised`	$-10.00K	USD	1 Quarter
Tax Benefit from Stock Options Exercised	`DeferredTaxExpenseFromStockOptionsExercised`	-	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-200.00K	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-60.00K	USD	1 Quarter
Accounts and unbilled receivables	`AccountsAndUnbilledReceivables`	$-6.73M	USD	1 Quarter
Accounts and unbilled receivables	`AccountsAndUnbilledReceivables`	$3.88M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$812.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.16M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.07M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$223.00K	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$980.00K	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-366.00K	USD	1 Quarter
Accrued payroll and other employee benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-4.55M	USD	1 Quarter
Accrued payroll and other employee benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-760.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$2.75M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$506.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$3.41M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.26M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.66M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$948.00K	USD	1 Quarter
Payments to Acquire Businesses, Net of Cash Acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$22.05M	USD	1 Quarter
Payments to Acquire Businesses, Net of Cash Acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	1 Quarter
Internal-use software development costs capitalized	`InternalUseSoftwareDevelopmentCostsCapitalized`	$730.00K	USD	1 Quarter
Internal-use software development costs capitalized	`InternalUseSoftwareDevelopmentCostsCapitalized`	$796.00K	USD	1 Quarter
Increase (Decrease) in Restricted Cash	`IncreaseDecreaseInRestrictedCash`	-	USD	1 Quarter
Increase (Decrease) in Restricted Cash	`IncreaseDecreaseInRestrictedCash`	$-37.24M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.74M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$12.81M	USD	1 Quarter
Exercise of stock options	`ProceedsFromStockOptionsExercised`	$944.00K	USD	1 Quarter
Exercise of stock options	`ProceedsFromStockOptionsExercised`	$1.41M	USD	1 Quarter
Tax withholding related to net share settlement of restricted stock units	`TaxWithholdingRelatedToNetShareSettlementOfRestrictedStockUnits`	$12.06M	USD	1 Quarter
Tax withholding related to net share settlement of restricted stock units	`TaxWithholdingRelatedToNetShareSettlementOfRestrictedStockUnits`	$2.02M	USD	1 Quarter
Noncontrolling Interest, Increase from Business Combination	`NoncontrollingInterestIncreaseFromBusinessCombination`	$2.69M	USD	1 Quarter
Noncontrolling Interest, Increase from Business Combination	`NoncontrollingInterestIncreaseFromBusinessCombination`	-	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-613.00K	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-13.81M	USD	1 Quarter
Effect of Exchange Rate on Cash and Cash Equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-51.00K	USD	1 Quarter
Effect of Exchange Rate on Cash and Cash Equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	-	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.10M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.35M	USD	1 Quarter
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$83.56M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$47.04M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$82.46M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$44.69M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$83.56M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$47.04M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$82.46M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$44.69M	USD	Point-in-time

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