10-Q Filing

PROS HOLDINGS, INC. CIK: 1392972 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001392972-17-000066`
Period End Date	20170331
Filing Date	20170502
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	pro-20170331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 75 Income Statement 56 Cash Flow Statement 60

Balance Sheet 75 line items

Line Item	Tag	Value	Unit	Period
Allowance for bad debts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$760.00K	USD	Point-in-time
Allowance for bad debts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$760.00K	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
Preferred stock - shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$111.87M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$118.70M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$161.77M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$118.04M	USD	Point-in-time
Preferred stock - shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Short-term Investments	`ShortTermInvestments`	$6.00M	USD	Point-in-time
Preferred stock - shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock - shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Short-term Investments	`ShortTermInvestments`	$16.00M	USD	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
Accounts and unbilled receivables, net	`AccountAndUnbilledReceivablesNet`	$32.74M	USD	Point-in-time
Accounts and unbilled receivables, net	`AccountAndUnbilledReceivablesNet`	$33.28M	USD	Point-in-time
Prepaid and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$6.34M	USD	Point-in-time
Common stock - shares authorized	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Prepaid and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$6.80M	USD	Point-in-time
Common stock - shares authorized	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Common stock - shares issued	`CommonStockSharesIssued`	35.82M	shares	Point-in-time
Common stock - shares issued	`CommonStockSharesIssued`	35.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$173.66M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$157.42M	USD	Point-in-time
Common stock - shares outstanding	`CommonStockSharesOutstanding`	31.40M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$14.79M	USD	Point-in-time
Common stock - shares outstanding	`CommonStockSharesOutstanding`	30.58M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$15.24M	USD	Point-in-time
Intangible Assets, Net (Excluding Goodwill)	`IntangibleAssetsNetExcludingGoodwill`	$12.65M	USD	Point-in-time
Treasury stock - shares	`TreasuryStockShares`	4.42M	shares	Point-in-time
Treasury stock - shares	`TreasuryStockShares`	4.42M	shares	Point-in-time
Intangible Assets, Net (Excluding Goodwill)	`IntangibleAssetsNetExcludingGoodwill`	$12.07M	USD	Point-in-time
Goodwill	`Goodwill`	$20.10M	USD	Point-in-time
Goodwill	`Goodwill`	$20.25M	USD	Point-in-time
Other long term assets, net	`OtherAssetsNoncurrent`	$6.01M	USD	Point-in-time
Other long term assets, net	`OtherAssetsNoncurrent`	$6.20M	USD	Point-in-time
Total assets	`Assets`	$210.73M	USD	Point-in-time
Total assets	`Assets`	$227.65M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$6.25M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.74M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$7.48M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$7.28M	USD	Point-in-time
Accrued payroll and other employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$18.35M	USD	Point-in-time
Accrued payroll and other employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$7.39M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$68.35M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$73.31M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$94.43M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$96.72M	USD	Point-in-time
Long-term deferred revenue	`DeferredRevenueNoncurrent`	$11.39M	USD	Point-in-time
Long-term deferred revenue	`DeferredRevenueNoncurrent`	$11.56M	USD	Point-in-time
Convertible Debt, Noncurrent	`ConvertibleDebtNoncurrent`	$122.30M	USD	Point-in-time
Convertible Debt, Noncurrent	`ConvertibleDebtNoncurrent`	$123.97M	USD	Point-in-time
Other Liabilities, Noncurrent	`OtherLiabilitiesNoncurrent`	$639.00K	USD	Point-in-time
Other Liabilities, Noncurrent	`OtherLiabilitiesNoncurrent`	$628.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$231.05M	USD	Point-in-time
Total liabilities	`Liabilities`	$230.60M	USD	Point-in-time
Commitments and contingencies (Note 6)	`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; 35,821,241 and 35,001,236 shares issued, respectively; 31,403,656 and 30,583,651 shares outstanding, respectively	`CommonStockValue`	$35.00K	USD	Point-in-time
Common stock, $0.001 par value, 75,000,000 shares authorized; 35,821,241 and 35,001,236 shares issued, respectively; 31,403,656 and 30,583,651 shares outstanding, respectively	`CommonStockValue`	$36.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$175.68M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$179.16M	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 (Accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$-160.26M	USD	Point-in-time
Retained earnings (Accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$-180.47M	USD	Point-in-time
Accumulated Other Comprehensive Income (Loss), Net of Tax	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-4.66M	USD	Point-in-time
Accumulated Other Comprehensive Income (Loss), Net of Tax	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-4.91M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$-19.87M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$-3.39M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$210.73M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$227.65M	USD	Point-in-time

Income Statement 56 line items

Line Item	Tag	Value	Unit	Period
Subscription	`SubscriptionRevenue`	$8.20M	USD	1 Quarter
Subscription	`SubscriptionRevenue`	$12.21M	USD	1 Quarter
Maintenance and support	`MaintenanceRevenue`	$18.08M	USD	1 Quarter
Maintenance and support	`MaintenanceRevenue`	$16.66M	USD	1 Quarter
Total subscription, maintenance and support revenue	`Totalsubscriptionmaintenanceandsupportrevenue`	$24.86M	USD	1 Quarter
Total subscription, maintenance and support revenue	`Totalsubscriptionmaintenanceandsupportrevenue`	$30.29M	USD	1 Quarter
License	`LicensesRevenue`	$3.30M	USD	1 Quarter
License	`LicensesRevenue`	$2.19M	USD	1 Quarter
Services	`SalesRevenueServicesNet`	$7.65M	USD	1 Quarter
Services	`SalesRevenueServicesNet`	$9.76M	USD	1 Quarter
Total revenue	`Revenues`	$40.13M	USD	1 Quarter
Total revenue	`Revenues`	$37.93M	USD	1 Quarter
Cost of subscription	`CostOfGoodsSoldSubscription`	$3.45M	USD	1 Quarter
Cost of subscription	`CostOfGoodsSoldSubscription`	$5.94M	USD	1 Quarter
Cost of maintenance and support	`MaintenanceCosts`	$3.15M	USD	1 Quarter
Cost of maintenance and support	`MaintenanceCosts`	$3.27M	USD	1 Quarter
Cost of subscription, maintenance and support	`Costofsubscriptionmaintenanceandsupport`	$9.08M	USD	1 Quarter
Cost of subscription, maintenance and support	`Costofsubscriptionmaintenanceandsupport`	$6.72M	USD	1 Quarter
Cost of license	`LicenseCosts`	$65.00K	USD	1 Quarter
Cost of license	`LicenseCosts`	$62.00K	USD	1 Quarter
Cost of services	`CostOfServices`	$7.46M	USD	1 Quarter
Cost of services	`CostOfServices`	$8.93M	USD	1 Quarter
Cost of Revenue	`CostOfRevenue`	$15.71M	USD	1 Quarter
Cost of Revenue	`CostOfRevenue`	$16.61M	USD	1 Quarter
Gross profit	`GrossProfit`	$23.52M	USD	1 Quarter
Gross profit	`GrossProfit`	$22.22M	USD	1 Quarter
Selling and Marketing Expense	`SellingAndMarketingExpense`	$18.02M	USD	1 Quarter
Selling and Marketing Expense	`SellingAndMarketingExpense`	$16.47M	USD	1 Quarter
General and Administrative Expense	`GeneralAndAdministrativeExpense`	$9.04M	USD	1 Quarter
General and Administrative Expense	`GeneralAndAdministrativeExpense`	$10.41M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost`	$14.31M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost`	$13.13M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$-17.67M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$-17.97M	USD	1 Quarter
Convertible debt interest and amortization	`Convertibledebtinterestandamortization`	$2.29M	USD	1 Quarter
Convertible debt interest and amortization	`Convertibledebtinterestandamortization`	$2.39M	USD	1 Quarter
Other Nonoperating Income (Expense)	`OtherNonoperatingIncomeExpense`	$-58.00K	USD	1 Quarter
Other Nonoperating Income (Expense)	`OtherNonoperatingIncomeExpense`	$32.00K	USD	1 Quarter
Loss before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-20.32M	USD	1 Quarter
Loss before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-20.03M	USD	1 Quarter
Income tax provision (benefit)	`IncomeTaxExpenseBenefit`	$177.00K	USD	1 Quarter
Income tax provision (benefit)	`IncomeTaxExpenseBenefit`	$158.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-20.21M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-20.48M	USD	1 Quarter
Earnings Per Share, Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.65	USD	1 Quarter
Earnings Per Share, Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.68	USD	1 Quarter
Weighted Average Number of Shares Outstanding, Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	30.23M	shares	1 Quarter
Weighted Average Number of Shares Outstanding, Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	31.10M	shares	1 Quarter
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$756.00K	USD	1 Quarter
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$260.00K	USD	1 Quarter
Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, Net of Tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-13.00K	USD	1 Quarter
Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, Net of Tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$5.00K	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$761.00K	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$247.00K	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-19.72M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-19.96M	USD	1 Quarter

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-20.21M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-20.48M	USD	1 Quarter
Depreciation, Depletion and Amortization	`DepreciationDepletionAndAmortization`	$2.03M	USD	1 Quarter
Depreciation, Depletion and Amortization	`DepreciationDepletionAndAmortization`	$2.46M	USD	1 Quarter
Amortization of Financing Costs and Discounts	`AmortizationOfFinancingCostsAndDiscounts`	$1.68M	USD	1 Quarter
Amortization of Financing Costs and Discounts	`AmortizationOfFinancingCostsAndDiscounts`	$1.57M	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$5.38M	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$6.16M	USD	1 Quarter
Deferred Income Tax Expense (Benefit)	`DeferredIncomeTaxExpenseBenefit`	$33.00K	USD	1 Quarter
Deferred Income Tax Expense (Benefit)	`DeferredIncomeTaxExpenseBenefit`	$27.00K	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-96.00K	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	-	USD	1 Quarter
Accounts and unbilled receivables	`AccountsAndUnbilledReceivables`	$-1.26M	USD	1 Quarter
Accounts and unbilled receivables	`AccountsAndUnbilledReceivables`	$-543.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$666.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-458.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$3.63M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$801.00K	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$1.03M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$434.00K	USD	1 Quarter
Accrued payroll and other employee benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-3.20M	USD	1 Quarter
Accrued payroll and other employee benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-10.96M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$5.13M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$8.02M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.76M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-12.19M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.52M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$484.00K	USD	1 Quarter
Internal-use software development costs capitalized	`InternalUseSoftwareDevelopmentCostsCapitalized`	-	USD	1 Quarter
Internal-use software development costs capitalized	`InternalUseSoftwareDevelopmentCostsCapitalized`	$572.00K	USD	1 Quarter
Payments to Acquire Short-term Investments	`PaymentsToAcquireShortTermInvestments`	$34.95M	USD	1 Quarter
Payments to Acquire Short-term Investments	`PaymentsToAcquireShortTermInvestments`	-	USD	1 Quarter
Proceeds from Maturities, Prepayments and Calls of Available-for-sale Securities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$9.98M	USD	1 Quarter
Proceeds from Maturities, Prepayments and Calls of Available-for-sale Securities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$2.50M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-35.97M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$8.93M	USD	1 Quarter
Exercise of stock options	`ProceedsFromStockOptionsExercised`	-	USD	1 Quarter
Exercise of stock options	`ProceedsFromStockOptionsExercised`	$2.20M	USD	1 Quarter
Proceeds from Stock Plans	`ProceedsFromStockPlans`	$470.00K	USD	1 Quarter
Proceeds from Stock Plans	`ProceedsFromStockPlans`	$776.00K	USD	1 Quarter
Tax withholding related to net share settlement of restricted stock units	`TaxWithholdingRelatedToNetShareSettlementOfRestrictedStockUnits`	$4.80M	USD	1 Quarter
Tax withholding related to net share settlement of restricted stock units	`TaxWithholdingRelatedToNetShareSettlementOfRestrictedStockUnits`	$5.67M	USD	1 Quarter
Repayments of Notes Payable	`RepaymentsOfNotesPayable`	$50.00K	USD	1 Quarter
Repayments of Notes Payable	`RepaymentsOfNotesPayable`	$38.00K	USD	1 Quarter
Payments of Debt Issuance Costs	`PaymentsOfDebtIssuanceCosts`	-	USD	1 Quarter
Payments of Debt Issuance Costs	`PaymentsOfDebtIssuanceCosts`	$125.00K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.87M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-4.37M	USD	1 Quarter
Effect of Exchange Rate on Cash and Cash Equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$27.00K	USD	1 Quarter
Effect of Exchange Rate on Cash and Cash Equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-39.00K	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-43.07M	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-6.17M	USD	1 Quarter
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$111.87M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$118.70M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$161.77M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$118.04M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$111.87M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$118.70M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$161.77M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$118.04M	USD	Point-in-time

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