10-Q Filing

JACK HENRY & ASSOCIATES INC CIK: 779152 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0000779152-11-000016`
Period End Date	20110930
Filing Date	20111107
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	jkhy-20110930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 88 Income Statement 50 Cash Flow Statement 70

Balance Sheet 88 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$63.12M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$108.06M	USD	Point-in-time
Preferred stock, authorized shares	`PreferredStockSharesAuthorized`	500,000.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$125.52M	USD	Point-in-time
Preferred stock, authorized shares	`PreferredStockSharesAuthorized`	500,000.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$46.77M	USD	Point-in-time
Preferred stock, issued shares	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Investments, at amortized cost	`OtherMarketableSecuritiesCurrent`	$1.00M	USD	Point-in-time
Preferred stock, issued shares	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Investments, at amortized cost	`OtherMarketableSecuritiesCurrent`	$1.00M	USD	Point-in-time
Receivables	`ReceivablesNetCurrent`	$207.51M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Receivables	`ReceivablesNetCurrent`	$134.65M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$17.12M	USD	Point-in-time
Common stock, authorized shares	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Common stock, authorized shares	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$5.34M	USD	Point-in-time
Common stock, issued shares	`CommonStockSharesIssued`	100.89M	shares	Point-in-time
Common stock, issued shares	`CommonStockSharesIssued`	100.77M	shares	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$51.95M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$45.94M	USD	Point-in-time
Prepaid cost of product	`PrepaidExpenseCurrent`	$21.98M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	14.41M	shares	Point-in-time
Prepaid cost of product	`PrepaidExpenseCurrent`	$19.26M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	14.41M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$353.95M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$322.97M	USD	Point-in-time
PROPERTY AND EQUIPMENT, net	`PropertyPlantAndEquipmentNet`	$270.19M	USD	Point-in-time
PROPERTY AND EQUIPMENT, net	`PropertyPlantAndEquipmentNet`	$279.75M	USD	Point-in-time
Non-current prepaid cost of product	`PrepaidExpenseNoncurrent`	$20.67M	USD	Point-in-time
Non-current prepaid cost of product	`PrepaidExpenseNoncurrent`	$19.08M	USD	Point-in-time
Computer software, net of amortization	`CapitalizedComputerSoftwareNet`	$110.00M	USD	Point-in-time
Computer software, net of amortization	`CapitalizedComputerSoftwareNet`	$110.84M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$28.49M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$28.74M	USD	Point-in-time
Customer relationships, net of amortization	`FiniteLivedIntangibleAssetsNet`	$175.59M	USD	Point-in-time
Customer relationships, net of amortization	`FiniteLivedIntangibleAssetsNet`	$179.13M	USD	Point-in-time
Trade names, net of amortization	`IndefiniteLivedTradeNames`	$10.60M	USD	Point-in-time
Trade names, net of amortization	`IndefiniteLivedTradeNames`	$10.54M	USD	Point-in-time
Goodwill	`Goodwill`	$533.52M	USD	Point-in-time
Goodwill	`Goodwill`	$533.52M	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$881.66M	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$879.06M	USD	Point-in-time
Total assets	`Assets`	$1.51B	USD	Point-in-time
Total assets	`Assets`	$1.48B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$12.83M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$10.32M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$49.48M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$43.97M	USD	Point-in-time
Deferred income tax liability	`DeferredTaxLiabilitiesCurrent`	$15.27M	USD	Point-in-time
Deferred income tax liability	`DeferredTaxLiabilitiesCurrent`	$15.27M	USD	Point-in-time
Accrued income taxes	`AccruedIncomeTaxes`	$5.71M	USD	Point-in-time
Accrued income taxes	`AccruedIncomeTaxes`	-	USD	Point-in-time
Notes payable and current maturities of long term debt	`DebtCurrent`	$26.09M	USD	Point-in-time
Notes payable and current maturities of long term debt	`DebtCurrent`	$33.16M	USD	Point-in-time
Deferred revenues	`DeferredRevenueCurrent`	$219.37M	USD	Point-in-time
Deferred revenues	`DeferredRevenueCurrent`	$276.84M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$380.51M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$327.80M	USD	Point-in-time
Non-current deferred revenues	`DeferredRevenueNoncurrent`	$18.27M	USD	Point-in-time
Non-current deferred revenues	`DeferredRevenueNoncurrent`	$19.15M	USD	Point-in-time
Non-current deferred income tax liability	`DeferredTaxLiabilitiesNoncurrent`	$91.24M	USD	Point-in-time
Non-current deferred income tax liability	`DeferredTaxLiabilitiesNoncurrent`	$89.30M	USD	Point-in-time
Debt, net of current maturities	`LongTermDebtAndCapitalLeaseObligations`	$127.94M	USD	Point-in-time
Debt, net of current maturities	`LongTermDebtAndCapitalLeaseObligations`	$124.15M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$10.28M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$10.00M	USD	Point-in-time
Total long term liabilities	`LiabilitiesNoncurrent`	$244.82M	USD	Point-in-time
Total long term liabilities	`LiabilitiesNoncurrent`	$245.51M	USD	Point-in-time
Total liabilities	`Liabilities`	$626.02M	USD	Point-in-time
Total liabilities	`Liabilities`	$572.62M	USD	Point-in-time
Preferred stock - $1 par value; 500,000 shares authorized, none issued	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock - $1 par value; 500,000 shares authorized, none issued	`PreferredStockValue`	-	USD	Point-in-time
Common stock - $0.01 par value; 250,000,000 shares authorized; Shares issued at 09/30/11 were 100,891,471 Shares issued at 06/30/11 were 100,766,173	`CommonStockValue`	$1.01M	USD	Point-in-time
Common stock - $0.01 par value; 250,000,000 shares authorized; Shares issued at 09/30/11 were 100,891,471 Shares issued at 06/30/11 were 100,766,173	`CommonStockValue`	$1.01M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$361.13M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$363.12M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$854.62M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$827.22M	USD	Point-in-time
Less treasury stock at cost 14,406,635 shares at 09/30/11 and at 06/30/11	`TreasuryStockValue`	$309.58M	USD	Point-in-time
Less treasury stock at cost 14,406,635 shares at 09/30/11 and at 06/30/11	`TreasuryStockValue`	$309.58M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$909.16M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$879.78M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.48B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.51B	USD	Point-in-time

Income Statement 50 line items

Line Item	Tag	Value	Unit	Period
License	`LicensesRevenue`	$9.46M	USD	1 Quarter
License	`LicensesRevenue`	$12.26M	USD	1 Quarter
Support and service	`SalesRevenueServicesNet`	$220.27M	USD	1 Quarter
Support and service	`SalesRevenueServicesNet`	$210.61M	USD	1 Quarter
Hardware	`SalesRevenueGoodsNet`	$14.75M	USD	1 Quarter
Hardware	`SalesRevenueGoodsNet`	$15.80M	USD	1 Quarter
Total revenue	`Revenues`	$248.34M	USD	1 Quarter
Total revenue	`Revenues`	$234.82M	USD	1 Quarter
Cost of license	`LicenseCosts`	$1.13M	USD	1 Quarter
Cost of license	`LicenseCosts`	$1.18M	USD	1 Quarter
Cost of support and service	`CostOfServices`	$131.12M	USD	1 Quarter
Cost of support and service	`CostOfServices`	$125.81M	USD	1 Quarter
Cost of hardware	`CostOfGoodsSold`	$10.80M	USD	1 Quarter
Cost of hardware	`CostOfGoodsSold`	$11.66M	USD	1 Quarter
Total cost of sales	`CostOfRevenue`	$143.91M	USD	1 Quarter
Total cost of sales	`CostOfRevenue`	$137.79M	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$104.43M	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$97.03M	USD	1 Quarter
Selling and marketing	`SellingAndMarketingExpense`	$18.75M	USD	1 Quarter
Selling and marketing	`SellingAndMarketingExpense`	$16.36M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$15.39M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$14.94M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$12.51M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$12.94M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$44.26M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$46.63M	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$57.80M	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$52.77M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$129.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$17.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$1.46M	USD	1 Quarter
Interest expense	`InterestExpense`	$2.89M	USD	1 Quarter
Total interest income (expense)	`InterestIncomeExpenseNet`	$-1.33M	USD	1 Quarter
Total interest income (expense)	`InterestIncomeExpenseNet`	$-2.88M	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$49.90M	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$56.47M	USD	1 Quarter
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$18.13M	USD	1 Quarter
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$20.00M	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$31.77M	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$36.48M	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$0.37	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$0.42	USD	1 Quarter
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	86.15M	shares	1 Quarter
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	87.13M	shares	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$0.42	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$0.37	USD	1 Quarter
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	86.40M	shares	1 Quarter
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	85.47M	shares	1 Quarter
Cash dividends paid per share	`CommonStockDividendsPerShareCashPaid`	$0.10	USD	1 Quarter
Cash dividends paid per share	`CommonStockDividendsPerShareCashPaid`	$0.10	USD	1 Quarter

Cash Flow Statement 70 line items

Line Item	Tag	Value	Unit	Period
Net Income	`NetIncomeLoss`	$31.77M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$36.48M	USD	1 Quarter
Depreciation	`Depreciation`	$11.07M	USD	1 Quarter
Depreciation	`Depreciation`	$10.22M	USD	1 Quarter
Amortization	`AdjustmentForAmortization`	$11.95M	USD	1 Quarter
Amortization	`AdjustmentForAmortization`	$12.62M	USD	1 Quarter
Change in deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-522.00K	USD	1 Quarter
Change in deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-1.94M	USD	1 Quarter
Expense for stock-based compensation	`ShareBasedCompensation`	$933.00K	USD	1 Quarter
Expense for stock-based compensation	`ShareBasedCompensation`	$1.24M	USD	1 Quarter
Loss on disposal of assets	`GainLossOnSaleOfPropertyPlantEquipment`	$-29.00K	USD	1 Quarter
Loss on disposal of assets	`GainLossOnSaleOfPropertyPlantEquipment`	$-11.00K	USD	1 Quarter
Change in receivables	`IncreaseDecreaseInReceivables`	$-72.86M	USD	1 Quarter
Change in receivables	`IncreaseDecreaseInReceivables`	$-74.95M	USD	1 Quarter
Change in prepaid expenses, prepaid cost of product and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$11.25M	USD	1 Quarter
Change in prepaid expenses, prepaid cost of product and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$9.98M	USD	1 Quarter
Change in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-2.51M	USD	1 Quarter
Change in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-4.87M	USD	1 Quarter
Change in accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-8.98M	USD	1 Quarter
Change in accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-6.45M	USD	1 Quarter
Change in income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$17.77M	USD	1 Quarter
Change in income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$10.36M	USD	1 Quarter
Change in deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$-56.59M	USD	1 Quarter
Change in deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$-40.28M	USD	1 Quarter
Net cash from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$78.46M	USD	1 Quarter
Net cash from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$75.36M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$10.65M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$10.02M	USD	1 Quarter
Customer contracts acquired	`PaymentsToAcquireIntangibleAssets`	$670.00K	USD	1 Quarter
Customer contracts acquired	`PaymentsToAcquireIntangibleAssets`	-	USD	1 Quarter
Computer software developed	`PaymentsToDevelopSoftware`	$6.16M	USD	1 Quarter
Computer software developed	`PaymentsToDevelopSoftware`	$7.52M	USD	1 Quarter
Proceeds from investments	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$1.00M	USD	1 Quarter
Proceeds from investments	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$1.00M	USD	1 Quarter
Purchase of investments	`PaymentsToAcquireInvestments`	$999.00K	USD	1 Quarter
Purchase of investments	`PaymentsToAcquireInvestments`	$999.00K	USD	1 Quarter
Net cash from investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-16.18M	USD	1 Quarter
Net cash from investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-18.84M	USD	1 Quarter
Borrowings on credit facilities	`ProceedsFromIssuanceOfLongTermDebt`	$435.00K	USD	1 Quarter
Borrowings on credit facilities	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	1 Quarter
Repayments on credit facilities	`RepaymentsOfLongTermDebt`	$132.29M	USD	1 Quarter
Repayments on credit facilities	`RepaymentsOfLongTermDebt`	$6.34M	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$8.12M	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$9.07M	USD	1 Quarter
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$289.00K	USD	1 Quarter
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$117.00K	USD	1 Quarter
Proceeds from issuance of common stock upon exercise of stock options	`ProceedsFromStockOptionsExercised`	$2.02M	USD	1 Quarter
Proceeds from issuance of common stock upon exercise of stock options	`ProceedsFromStockOptionsExercised`	$526.00K	USD	1 Quarter
Minimum tax withholding payments related to option exercises	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$667.00K	USD	1 Quarter
Minimum tax withholding payments related to option exercises	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$926.00K	USD	1 Quarter
Proceeds from sale of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$566.00K	USD	1 Quarter
Proceeds from sale of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$830.00K	USD	1 Quarter
Net cash from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-137.93M	USD	1 Quarter
Net cash from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-14.70M	USD	1 Quarter
NET CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$44.93M	USD	1 Quarter
NET CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-78.75M	USD	1 Quarter
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$63.12M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$108.06M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$125.52M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$46.77M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$63.12M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$108.06M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$125.52M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$46.77M	USD	Point-in-time
Income Taxes Paid, Net	`IncomeTaxesPaidNet`	$-6.00K	USD	1 Quarter
Income Taxes Paid, Net	`IncomeTaxesPaidNet`	$7.12M	USD	1 Quarter
Interest Paid, Net	`InterestPaidNet`	$3.17M	USD	1 Quarter
Interest Paid, Net	`InterestPaidNet`	$1.01M	USD	1 Quarter
Capital Expenditures Incurred but Not yet Paid	`CapitalExpendituresIncurredButNotYetPaid`	$10.58M	USD	1 Quarter
Capital Expenditures Incurred but Not yet Paid	`CapitalExpendituresIncurredButNotYetPaid`	$557.00K	USD	1 Quarter

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