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10-Q Filing

JACK HENRY & ASSOCIATES INC CIK: 779152 Q1 2014
Filing Information
Form Type 10-Q
Accession Number 0000779152-13-000047
Period End Date 20130930
Filing Date 20131108
Fiscal Year 2014
Fiscal Period Q1
XBRL Instance jkhy-20130930.xml
Filing Contents

This filing contains the following financial statements:

Balance Sheet 86 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 $181.79M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $223.69M USD Point-in-time
Preferred stock, authorized shares PreferredStockSharesAuthorized 500,000.00 shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $127.91M USD Point-in-time
Preferred stock, authorized shares PreferredStockSharesAuthorized 500,000.00 shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $157.31M USD Point-in-time
Receivables, net ReceivablesNetCurrent $231.26M USD Point-in-time
Receivables, net ReceivablesNetCurrent $152.62M 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
Income tax receivable IncomeTaxesReceivable $2.69M USD Point-in-time
Income tax receivable IncomeTaxesReceivable $6.11M USD Point-in-time
Common stock, par value CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Common stock, par value CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Common stock, authorized shares CommonStockSharesAuthorized 250.00M shares Point-in-time
Prepaid expenses and other PrepaidExpenseAndOtherAssetsCurrent $59.24M USD Point-in-time
Prepaid expenses and other PrepaidExpenseAndOtherAssetsCurrent $63.74M USD Point-in-time
Common stock, authorized shares CommonStockSharesAuthorized 250.00M shares Point-in-time
Common stock, issued shares CommonStockSharesIssued 101.99M shares Point-in-time
Prepaid cost of product PrepaidExpenseCurrent $29.62M USD Point-in-time
Common stock, issued shares CommonStockSharesIssued 102.33M shares Point-in-time
Prepaid cost of product PrepaidExpenseCurrent $23.37M USD Point-in-time
Treasury stock, shares TreasuryStockShares 16.75M shares Point-in-time
Total current assets AssetsCurrent $447.88M USD Point-in-time
Treasury stock, shares TreasuryStockShares 16.75M shares Point-in-time
Total current assets AssetsCurrent $430.46M USD Point-in-time
PROPERTY AND EQUIPMENT, net PropertyPlantAndEquipmentNet $300.51M USD Point-in-time
PROPERTY AND EQUIPMENT, net PropertyPlantAndEquipmentNet $295.63M USD Point-in-time
Non-current prepaid cost of product PrepaidExpenseNoncurrent $28.43M USD Point-in-time
Non-current prepaid cost of product PrepaidExpenseNoncurrent $27.90M USD Point-in-time
Computer software, net of amortization CapitalizedComputerSoftwareNet $132.61M USD Point-in-time
Computer software, net of amortization CapitalizedComputerSoftwareNet $137.36M USD Point-in-time
Other non-current assets OtherAssetsNoncurrent $31.01M USD Point-in-time
Other non-current assets OtherAssetsNoncurrent $30.41M USD Point-in-time
Customer relationships, net of amortization FiniteLivedIntangibleAssetsNet $147.17M USD Point-in-time
Customer relationships, net of amortization FiniteLivedIntangibleAssetsNet $143.58M USD Point-in-time
Other intangible assets, net of amortization OtherIntangibleAssetsNet $15.38M USD Point-in-time
Other intangible assets, net of amortization OtherIntangibleAssetsNet $9.38M USD Point-in-time
Goodwill Goodwill $533.29M USD Point-in-time
Goodwill Goodwill $533.29M USD Point-in-time
Total other assets AssetsNoncurrent $880.76M USD Point-in-time
Total other assets AssetsNoncurrent $889.05M USD Point-in-time
Total assets Assets $1.62B USD Point-in-time
Total assets Assets $1.63B USD Point-in-time
Accounts payable AccountsPayableCurrent $11.70M USD Point-in-time
Accounts payable AccountsPayableCurrent $13.91M USD Point-in-time
Accrued expenses AccruedLiabilitiesCurrent $52.16M USD Point-in-time
Accrued expenses AccruedLiabilitiesCurrent $68.53M USD Point-in-time
Accrued income taxes AccruedIncomeTaxesCurrent $14.89M USD Point-in-time
Accrued income taxes AccruedIncomeTaxesCurrent - USD Point-in-time
Deferred income tax liability DeferredTaxLiabilitiesCurrent $30.84M USD Point-in-time
Deferred income tax liability DeferredTaxLiabilitiesCurrent $30.84M USD Point-in-time
Notes payable and current maturities of long term debt DebtCurrent $11.45M USD Point-in-time
Notes payable and current maturities of long term debt DebtCurrent $7.93M USD Point-in-time
Deferred revenues DeferredRevenueCurrent $293.25M USD Point-in-time
Deferred revenues DeferredRevenueCurrent $241.99M USD Point-in-time
Total current liabilities LiabilitiesCurrent $365.24M USD Point-in-time
Total current liabilities LiabilitiesCurrent $412.26M USD Point-in-time
Non-current deferred revenues DeferredRevenueNoncurrent $11.34M USD Point-in-time
Non-current deferred revenues DeferredRevenueNoncurrent $10.45M USD Point-in-time
Non-current deferred income tax liability DeferredTaxLiabilitiesNoncurrent $120.43M USD Point-in-time
Non-current deferred income tax liability DeferredTaxLiabilitiesNoncurrent $122.30M USD Point-in-time
Debt, net of current maturities LongTermDebtAndCapitalLeaseObligations $6.54M USD Point-in-time
Debt, net of current maturities LongTermDebtAndCapitalLeaseObligations $7.37M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $5.83M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $5.59M USD Point-in-time
Total long term liabilities LiabilitiesNoncurrent $144.73M USD Point-in-time
Total long term liabilities LiabilitiesNoncurrent $145.12M USD Point-in-time
Total liabilities Liabilities $510.36M USD Point-in-time
Total liabilities Liabilities $556.99M 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; 102,329,144 shares issued at September 30, 2013; 101,993,808 shares issued at June 30, 2013 CommonStockValue $1.02M USD Point-in-time
Common stock - $0.01 par value; 250,000,000 shares authorized; 102,329,144 shares issued at September 30, 2013; 101,993,808 shares issued at June 30, 2013 CommonStockValue $1.02M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $400.71M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $400.58M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $1.07B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $1.11B USD Point-in-time
Less treasury stock at cost; 16,753,889 shares at September 30, 2013 and June 30, 2013 TreasuryStockValue $402.08M USD Point-in-time
Less treasury stock at cost; 16,753,889 shares at September 30, 2013 and June 30, 2013 TreasuryStockValue $402.08M USD Point-in-time
Total stockholders' equity StockholdersEquity $1.10B USD Point-in-time
Total stockholders' equity StockholdersEquity $1.07B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $1.63B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $1.62B USD Point-in-time
Income Statement 50 line items
Line Item Tag Value Unit Period
License LicensesRevenue $11.78M USD 1 Quarter
License LicensesRevenue $12.86M USD 1 Quarter
Support and service SalesRevenueServicesNet $244.59M USD 1 Quarter
Support and service SalesRevenueServicesNet $269.54M USD 1 Quarter
Hardware SalesRevenueGoodsNet $13.55M USD 1 Quarter
Hardware SalesRevenueGoodsNet $14.34M USD 1 Quarter
Total revenue Revenues $271.00M USD 1 Quarter
Total revenue Revenues $295.66M USD 1 Quarter
Cost of license LicenseCosts $1.41M USD 1 Quarter
Cost of license LicenseCosts $1.08M USD 1 Quarter
Cost of support and service CostOfServices $154.58M USD 1 Quarter
Cost of support and service CostOfServices $143.42M USD 1 Quarter
Cost of hardware CostOfGoodsSold $10.58M USD 1 Quarter
Cost of hardware CostOfGoodsSold $10.94M USD 1 Quarter
Total cost of sales CostOfRevenue $155.07M USD 1 Quarter
Total cost of sales CostOfRevenue $166.94M USD 1 Quarter
GROSS PROFIT GrossProfit $128.72M USD 1 Quarter
GROSS PROFIT GrossProfit $115.93M USD 1 Quarter
Selling and marketing SellingAndMarketingExpense $21.46M USD 1 Quarter
Selling and marketing SellingAndMarketingExpense $20.19M USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $14.64M USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $15.67M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $14.25M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $13.58M USD 1 Quarter
Total operating expenses OperatingExpenses $51.38M USD 1 Quarter
Total operating expenses OperatingExpenses $48.41M USD 1 Quarter
OPERATING INCOME OperatingIncomeLoss $67.52M USD 1 Quarter
OPERATING INCOME OperatingIncomeLoss $77.34M USD 1 Quarter
Interest income InvestmentIncomeInterest $187.00K USD 1 Quarter
Interest income InvestmentIncomeInterest $131.00K USD 1 Quarter
Interest expense InterestExpense $1.34M USD 1 Quarter
Interest expense InterestExpense $280.00K USD 1 Quarter
Total interest income (expense) InterestIncomeExpenseNet $-1.15M USD 1 Quarter
Total interest income (expense) InterestIncomeExpenseNet $-149.00K USD 1 Quarter
INCOME BEFORE INCOME TAXES IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $77.19M USD 1 Quarter
INCOME BEFORE INCOME TAXES IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $66.36M USD 1 Quarter
PROVISION FOR INCOME TAXES IncomeTaxExpenseBenefit $27.41M USD 1 Quarter
PROVISION FOR INCOME TAXES IncomeTaxExpenseBenefit $23.89M USD 1 Quarter
NET INCOME NetIncomeLoss $49.79M USD 1 Quarter
NET INCOME NetIncomeLoss $42.48M USD 1 Quarter
Diluted earnings per share EarningsPerShareDiluted $0.58 USD 1 Quarter
Diluted earnings per share EarningsPerShareDiluted $0.49 USD 1 Quarter
Diluted weighted average shares outstanding WeightedAverageNumberOfDilutedSharesOutstanding 86.61M shares 1 Quarter
Diluted weighted average shares outstanding WeightedAverageNumberOfDilutedSharesOutstanding 85.85M shares 1 Quarter
Basic earnings per share EarningsPerShareBasic $0.49 USD 1 Quarter
Basic earnings per share EarningsPerShareBasic $0.58 USD 1 Quarter
Basic weighted average shares outstanding WeightedAverageNumberOfSharesOutstandingBasic 86.11M shares 1 Quarter
Basic weighted average shares outstanding WeightedAverageNumberOfSharesOutstandingBasic 85.29M shares 1 Quarter
Cash dividends paid per share CommonStockDividendsPerShareCashPaid $0.20 USD 1 Quarter
Cash dividends paid per share CommonStockDividendsPerShareCashPaid $0.12 USD 1 Quarter
Cash Flow Statement 70 line items
Line Item Tag Value Unit Period
Net Income NetIncomeLoss $49.79M USD 1 Quarter
Net Income NetIncomeLoss $42.48M USD 1 Quarter
Depreciation Depreciation $12.09M USD 1 Quarter
Depreciation Depreciation $12.96M USD 1 Quarter
Amortization AdjustmentForAmortization $12.89M USD 1 Quarter
Amortization AdjustmentForAmortization $12.13M USD 1 Quarter
Change in deferred income taxes IncreaseDecreaseInDeferredIncomeTaxes $-1.86M USD 1 Quarter
Change in deferred income taxes IncreaseDecreaseInDeferredIncomeTaxes $-3.07M USD 1 Quarter
Expense for stock-based compensation ShareBasedCompensation $1.92M USD 1 Quarter
Expense for stock-based compensation ShareBasedCompensation $1.73M USD 1 Quarter
Gain/loss on disposal of assets GainLossOnSaleOfPropertyPlantEquipment $30.00K 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 $-78.49M USD 1 Quarter
Change in prepaid expenses, prepaid cost of product and other IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $12.59M 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 $2.21M USD 1 Quarter
Change in accrued expenses IncreaseDecreaseInAccruedLiabilities $-11.80M USD 1 Quarter
Change in accrued expenses IncreaseDecreaseInAccruedLiabilities $-16.24M USD 1 Quarter
Change in income taxes IncreaseDecreaseInAccruedIncomeTaxesPayable $17.84M USD 1 Quarter
Change in income taxes IncreaseDecreaseInAccruedIncomeTaxesPayable $18.58M USD 1 Quarter
Change in deferred revenues IncreaseDecreaseInDeferredRevenue $-52.16M USD 1 Quarter
Change in deferred revenues IncreaseDecreaseInDeferredRevenue $-48.39M USD 1 Quarter
Net cash from operating activities NetCashProvidedByUsedInOperatingActivities $101.85M USD 1 Quarter
Net cash from operating activities NetCashProvidedByUsedInOperatingActivities $97.69M USD 1 Quarter
Capital expenditures PaymentsToAcquirePropertyPlantAndEquipment $6.79M USD 1 Quarter
Capital expenditures PaymentsToAcquirePropertyPlantAndEquipment $7.35M USD 1 Quarter
Proceeds from sale of assets ProceedsFromSaleOfPropertyPlantAndEquipment $131.00K USD 1 Quarter
Proceeds from sale of assets ProceedsFromSaleOfPropertyPlantAndEquipment $2.70M USD 1 Quarter
Customer contracts acquired PaymentsToAcquireIntangibleAssets $186.00K USD 1 Quarter
Customer contracts acquired PaymentsToAcquireIntangibleAssets - USD 1 Quarter
Internal use software PaymentsForSoftware $3.18M USD 1 Quarter
Internal use software PaymentsForSoftware - USD 1 Quarter
Computer software developed PaymentsToDevelopSoftware $11.65M USD 1 Quarter
Computer software developed PaymentsToDevelopSoftware $14.08M USD 1 Quarter
Net cash from investing activities NetCashProvidedByUsedInInvestingActivities $-18.50M USD 1 Quarter
Net cash from investing activities NetCashProvidedByUsedInInvestingActivities $-21.91M USD 1 Quarter
Repayments on credit facilities RepaymentsOfLongTermDebt $5.73M USD 1 Quarter
Repayments on credit facilities RepaymentsOfLongTermDebt $2.80M USD 1 Quarter
Purchase of treasury stock PaymentsForRepurchaseOfCommonStock $4.78M USD 1 Quarter
Purchase of treasury stock PaymentsForRepurchaseOfCommonStock - USD 1 Quarter
Dividends paid PaymentsOfDividends $9.91M USD 1 Quarter
Dividends paid PaymentsOfDividends $17.05M USD 1 Quarter
Excess tax benefits from stock-based compensation ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $2.95M 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 $2.94M USD 1 Quarter
Proceeds from issuance of common stock upon exercise of stock options ProceedsFromStockOptionsExercised $111.00K USD 1 Quarter
Minimum tax withholding payments related to option exercises PaymentsRelatedToTaxWithholdingForShareBasedCompensation $6.18M USD 1 Quarter
Minimum tax withholding payments related to option exercises PaymentsRelatedToTaxWithholdingForShareBasedCompensation $2.20M USD 1 Quarter
Proceeds from sale of common stock, net ProceedsFromIssuanceOfCommonStock $949.00K USD 1 Quarter
Proceeds from sale of common stock, net ProceedsFromIssuanceOfCommonStock $1.07M USD 1 Quarter
Net cash from financing activities NetCashProvidedByUsedInFinancingActivities $-16.98M USD 1 Quarter
Net cash from financing activities NetCashProvidedByUsedInFinancingActivities $-21.90M USD 1 Quarter
NET CHANGE IN CASH AND CASH EQUIVALENTS CashAndCashEquivalentsPeriodIncreaseDecrease $53.88M USD 1 Quarter
NET CHANGE IN CASH AND CASH EQUIVALENTS CashAndCashEquivalentsPeriodIncreaseDecrease $66.38M USD 1 Quarter
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD CashAndCashEquivalentsAtCarryingValue $181.79M USD Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD CashAndCashEquivalentsAtCarryingValue $223.69M USD Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD CashAndCashEquivalentsAtCarryingValue $127.91M USD Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD CashAndCashEquivalentsAtCarryingValue $157.31M USD Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD CashAndCashEquivalentsAtCarryingValue $181.79M 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 $127.91M USD Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD CashAndCashEquivalentsAtCarryingValue $157.31M USD Point-in-time
Income Taxes Paid IncomeTaxesPaid $4.01M USD 1 Quarter
Income Taxes Paid IncomeTaxesPaid $1.23M USD 1 Quarter
Interest Paid InterestPaid $938.00K USD 1 Quarter
Interest Paid InterestPaid $299.00K USD 1 Quarter
Capital Expenditures Incurred but Not yet Paid CapitalExpendituresIncurredButNotYetPaid $5.34M 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.

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