10-Q Filing

JACK HENRY & ASSOCIATES INC CIK: 779152 Q1 2013

Filing Information

Form Type	10-Q
Accession Number	`0000779152-12-000070`
Period End Date	20120930
Filing Date	20121107
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	jkhy-20120930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 86 Income Statement 50 Cash Flow Statement 72

Balance Sheet 86 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$223.69M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$108.06M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$157.31M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$63.12M	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
Receivables, net	`ReceivablesNetCurrent`	$218.31M	USD	Point-in-time
Common stock, issued shares	`CommonStockSharesIssued`	101.73M	shares	Point-in-time
Receivables, net	`ReceivablesNetCurrent`	$136.83M	USD	Point-in-time
Common stock, issued shares	`CommonStockSharesIssued`	101.48M	shares	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$8.48M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$1.71M	USD	Point-in-time
Preferred stock, authorized shares	`PreferredStockSharesAuthorized`	500,000.00	shares	Point-in-time
Preferred stock, authorized shares	`PreferredStockSharesAuthorized`	500,000.00	shares	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$61.26M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$59.34M	USD	Point-in-time
Prepaid cost of product	`PrepaidExpenseCurrent`	$29.16M	USD	Point-in-time
Prepaid cost of product	`PrepaidExpenseCurrent`	$23.29M	USD	Point-in-time
Preferred stock, issued shares	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, issued shares	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	15.45M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	15.58M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$450.73M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$468.65M	USD	Point-in-time
PROPERTY AND EQUIPMENT, net	`PropertyPlantAndEquipmentNet`	$276.73M	USD	Point-in-time
PROPERTY AND EQUIPMENT, net	`PropertyPlantAndEquipmentNet`	$279.06M	USD	Point-in-time
Non-current prepaid cost of product	`PrepaidExpenseNoncurrent`	$22.66M	USD	Point-in-time
Non-current prepaid cost of product	`PrepaidExpenseNoncurrent`	$21.34M	USD	Point-in-time
Computer software, net of amortization	`CapitalizedComputerSoftwareNet`	$118.53M	USD	Point-in-time
Computer software, net of amortization	`CapitalizedComputerSoftwareNet`	$115.78M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$28.87M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$30.52M	USD	Point-in-time
Customer relationships, net of amortization	`FiniteLivedIntangibleAssetsNet`	$162.56M	USD	Point-in-time
Customer relationships, net of amortization	`FiniteLivedIntangibleAssetsNet`	$159.11M	USD	Point-in-time
Trade names, net of amortization	`IndefiniteLivedTradeNames`	$10.20M	USD	Point-in-time
Trade names, net of amortization	`IndefiniteLivedTradeNames`	$10.38M	USD	Point-in-time
Goodwill	`Goodwill`	$533.52M	USD	Point-in-time
Goodwill	`Goodwill`	$533.52M	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$872.90M	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$874.11M	USD	Point-in-time
Total assets	`Assets`	$1.60B	USD	Point-in-time
Total assets	`Assets`	$1.62B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$16.32M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$10.52M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$47.48M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$58.26M	USD	Point-in-time
Deferred income tax liability	`DeferredTaxLiabilitiesCurrent`	$26.26M	USD	Point-in-time
Deferred income tax liability	`DeferredTaxLiabilitiesCurrent`	$26.26M	USD	Point-in-time
Accrued income taxes	`AccruedIncomeTaxes`	$10.95M	USD	Point-in-time
Accrued income taxes	`AccruedIncomeTaxes`	-	USD	Point-in-time
Notes payable and current maturities of long term debt	`DebtCurrent`	$31.47M	USD	Point-in-time
Notes payable and current maturities of long term debt	`DebtCurrent`	$25.50M	USD	Point-in-time
Deferred revenues	`DeferredRevenueCurrent`	$275.91M	USD	Point-in-time
Deferred revenues	`DeferredRevenueCurrent`	$228.70M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$355.37M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$402.24M	USD	Point-in-time
Non-current deferred revenues	`DeferredRevenueNoncurrent`	$20.09M	USD	Point-in-time
Non-current deferred revenues	`DeferredRevenueNoncurrent`	$18.91M	USD	Point-in-time
Non-current deferred income tax liability	`DeferredTaxLiabilitiesNoncurrent`	$104.00M	USD	Point-in-time
Non-current deferred income tax liability	`DeferredTaxLiabilitiesNoncurrent`	$100.93M	USD	Point-in-time
Debt, net of current maturities	`LongTermDebtAndCapitalLeaseObligations`	$106.17M	USD	Point-in-time
Debt, net of current maturities	`LongTermDebtAndCapitalLeaseObligations`	$101.23M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$7.16M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$7.00M	USD	Point-in-time
Total long term liabilities	`LiabilitiesNoncurrent`	$234.19M	USD	Point-in-time
Total long term liabilities	`LiabilitiesNoncurrent`	$231.30M	USD	Point-in-time
Total liabilities	`Liabilities`	$586.67M	USD	Point-in-time
Total liabilities	`Liabilities`	$636.44M	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 09/30/12 were 101,727,379; Shares issued at 06/30/12 were 101,482,461	`CommonStockValue`	$1.01M	USD	Point-in-time
Common stock - $0.01 par value; 250,000,000 shares authorized; Shares issued at 09/30/12 were 101,727,379; Shares issued at 06/30/12 were 101,482,461	`CommonStockValue`	$1.02M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$387.09M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$381.92M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$944.08M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$976.64M	USD	Point-in-time
Less treasury stock at cost; 15,580,261 shares at 09/30/12, 15,452,064 shares at 06/30/12	`TreasuryStockValue`	$343.96M	USD	Point-in-time
Less treasury stock at cost; 15,580,261 shares at 09/30/12, 15,452,064 shares at 06/30/12	`TreasuryStockValue`	$348.73M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.02B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$983.06M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$1.62B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$1.60B	USD	Point-in-time

Income Statement 50 line items

Line Item	Tag	Value	Unit	Period
License	`LicensesRevenue`	$12.26M	USD	1 Quarter
License	`LicensesRevenue`	$12.86M	USD	1 Quarter
Support and service	`SalesRevenueServicesNet`	$244.59M	USD	1 Quarter
Support and service	`SalesRevenueServicesNet`	$220.27M	USD	1 Quarter
Hardware	`SalesRevenueGoodsNet`	$13.55M	USD	1 Quarter
Hardware	`SalesRevenueGoodsNet`	$15.80M	USD	1 Quarter
Total revenue	`Revenues`	$248.34M	USD	1 Quarter
Total revenue	`Revenues`	$271.00M	USD	1 Quarter
Cost of license	`LicenseCosts`	$1.08M	USD	1 Quarter
Cost of license	`LicenseCosts`	$1.13M	USD	1 Quarter
Cost of support and service	`CostOfServices`	$143.42M	USD	1 Quarter
Cost of support and service	`CostOfServices`	$131.12M	USD	1 Quarter
Cost of hardware	`CostOfGoodsSold`	$10.58M	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`	$155.07M	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$115.93M	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$104.43M	USD	1 Quarter
Selling and marketing	`SellingAndMarketingExpense`	$20.19M	USD	1 Quarter
Selling and marketing	`SellingAndMarketingExpense`	$18.75M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$14.94M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$14.64M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$12.94M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$13.58M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$48.41M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$46.63M	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$57.80M	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$67.52M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$129.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$187.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$1.46M	USD	1 Quarter
Interest expense	`InterestExpense`	$1.34M	USD	1 Quarter
Total interest income (expense)	`InterestIncomeExpenseNet`	$-1.15M	USD	1 Quarter
Total interest income (expense)	`InterestIncomeExpenseNet`	$-1.33M	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$56.47M	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$66.36M	USD	1 Quarter
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$23.89M	USD	1 Quarter
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$20.00M	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$36.48M	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$42.48M	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$0.42	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$0.49	USD	1 Quarter
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	87.13M	shares	1 Quarter
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	86.61M	shares	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$0.49	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$0.42	USD	1 Quarter
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	86.40M	shares	1 Quarter
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	86.11M	shares	1 Quarter
Cash dividends paid per share	`CommonStockDividendsPerShareCashPaid`	$0.10	USD	1 Quarter
Cash dividends paid per share	`CommonStockDividendsPerShareCashPaid`	$0.12	USD	1 Quarter

Cash Flow Statement 72 line items

Line Item	Tag	Value	Unit	Period
Net Income	`NetIncomeLoss`	$36.48M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$42.48M	USD	1 Quarter
Depreciation	`Depreciation`	$11.07M	USD	1 Quarter
Depreciation	`Depreciation`	$12.09M	USD	1 Quarter
Amortization	`AdjustmentForAmortization`	$12.13M	USD	1 Quarter
Amortization	`AdjustmentForAmortization`	$12.62M	USD	1 Quarter
Change in deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-3.07M	USD	1 Quarter
Change in deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-1.94M	USD	1 Quarter
Expense for stock-based compensation	`ShareBasedCompensation`	$1.73M	USD	1 Quarter
Expense for stock-based compensation	`ShareBasedCompensation`	$1.24M	USD	1 Quarter
Gain/loss on disposal of assets	`GainLossOnSaleOfPropertyPlantEquipment`	$-11.00K	USD	1 Quarter
Gain/loss on disposal of assets	`GainLossOnSaleOfPropertyPlantEquipment`	$-632.00K	USD	1 Quarter
Change in receivables	`IncreaseDecreaseInReceivables`	$-81.48M	USD	1 Quarter
Change in receivables	`IncreaseDecreaseInReceivables`	$-72.86M	USD	1 Quarter
Change in prepaid expenses, prepaid cost of product and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$9.98M	USD	1 Quarter
Change in prepaid expenses, prepaid cost of product and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$3.61M	USD	1 Quarter
Change in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-5.80M	USD	1 Quarter
Change in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-2.51M	USD	1 Quarter
Change in accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-11.80M	USD	1 Quarter
Change in accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-6.45M	USD	1 Quarter
Change in income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$17.84M	USD	1 Quarter
Change in income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$17.77M	USD	1 Quarter
Change in deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$-48.39M	USD	1 Quarter
Change in deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$-56.59M	USD	1 Quarter
Net cash from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$101.85M	USD	1 Quarter
Net cash from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$78.46M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.79M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$10.65M	USD	1 Quarter
Proceeds from sale of assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$131.00K	USD	1 Quarter
Proceeds from sale of assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	1 Quarter
Customer contracts acquired	`PaymentsToAcquireIntangibleAssets`	$670.00K	USD	1 Quarter
Customer contracts acquired	`PaymentsToAcquireIntangibleAssets`	$186.00K	USD	1 Quarter
Computer software developed	`PaymentsToDevelopSoftware`	$11.65M	USD	1 Quarter
Computer software developed	`PaymentsToDevelopSoftware`	$7.52M	USD	1 Quarter
Proceeds from investments	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	-	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`	-	USD	1 Quarter
Net cash from investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-18.84M	USD	1 Quarter
Net cash from investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-18.50M	USD	1 Quarter
Repayments on credit facilities	`RepaymentsOfLongTermDebt`	$5.73M	USD	1 Quarter
Repayments on credit facilities	`RepaymentsOfLongTermDebt`	$6.34M	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$4.78M	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$9.91M	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`	$1.74M	USD	1 Quarter
Proceeds from issuance of common stock upon exercise of stock options	`ProceedsFromStockOptionsExercised`	$526.00K	USD	1 Quarter
Proceeds from issuance of common stock upon exercise of stock options	`ProceedsFromStockOptionsExercised`	$2.94M	USD	1 Quarter
Minimum tax withholding payments related to option exercises	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$2.20M	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`	$949.00K	USD	1 Quarter
Proceeds from sale of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$830.00K	USD	1 Quarter
Net cash from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-14.70M	USD	1 Quarter
Net cash from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-16.98M	USD	1 Quarter
NET CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$66.38M	USD	1 Quarter
NET CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$44.93M	USD	1 Quarter
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$223.69M	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`	$157.31M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$63.12M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$223.69M	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`	$157.31M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$63.12M	USD	Point-in-time
Income Taxes Paid, Net	`IncomeTaxesPaidNet`	$-6.00K	USD	1 Quarter
Income Taxes Paid, Net	`IncomeTaxesPaidNet`	$1.23M	USD	1 Quarter
Interest Paid, Net	`InterestPaidNet`	$1.01M	USD	1 Quarter
Interest Paid, Net	`InterestPaidNet`	$938.00K	USD	1 Quarter
Capital Expenditures Incurred but Not yet Paid	`CapitalExpendituresIncurredButNotYetPaid`	$10.58M	USD	1 Quarter
Capital Expenditures Incurred but Not yet Paid	`CapitalExpendituresIncurredButNotYetPaid`	$7.80M	USD	1 Quarter

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