10-Q Filing

JACK HENRY & ASSOCIATES INC CIK: 779152 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0000779152-15-000073`
Period End Date	20150930
Filing Date	20151106
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	jkhy-20150930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 86 Income Statement 48 Cash Flow Statement 66

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
Preferred stock, authorized shares	`PreferredStockSharesAuthorized`	500,000.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$148.31M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$70.38M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$39.40M	USD	Point-in-time
Preferred stock, authorized shares	`PreferredStockSharesAuthorized`	500,000.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$84.48M	USD	Point-in-time
Receivables, net	`ReceivablesNetCurrent`	$245.39M	USD	Point-in-time
Preferred stock, issued shares	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Receivables, net	`ReceivablesNetCurrent`	$147.65M	USD	Point-in-time
Preferred stock, issued shares	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$2.75M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$1.80M	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`	$71.81M	USD	Point-in-time
Common stock, authorized shares	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$69.10M	USD	Point-in-time
Common stock, issued shares	`CommonStockSharesIssued`	102.70M	shares	Point-in-time
Deferred costs	`PrepaidExpenseCurrent`	$39.67M	USD	Point-in-time
Deferred costs	`PrepaidExpenseCurrent`	$27.95M	USD	Point-in-time
Common stock, issued shares	`CommonStockSharesIssued`	102.79M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$493.50M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$345.43M	USD	Point-in-time
Treasury Stock, Shares	`TreasuryStockShares`	21.84M	shares	Point-in-time
Treasury Stock, Shares	`TreasuryStockShares`	22.86M	shares	Point-in-time
PROPERTY AND EQUIPMENT, net	`PropertyPlantAndEquipmentNet`	$295.94M	USD	Point-in-time
PROPERTY AND EQUIPMENT, net	`PropertyPlantAndEquipmentNet`	$296.33M	USD	Point-in-time
Non-current deferred costs	`PrepaidExpenseNoncurrent`	$101.93M	USD	Point-in-time
Non-current deferred costs	`PrepaidExpenseNoncurrent`	$96.42M	USD	Point-in-time
Computer software, net of amortization	`CapitalizedComputerSoftwareNet`	$202.90M	USD	Point-in-time
Computer software, net of amortization	`CapitalizedComputerSoftwareNet`	$191.54M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$52.65M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$52.43M	USD	Point-in-time
Customer Relationships, Net of Amortization	`FiniteLivedIntangibleAssetsNet`	$121.99M	USD	Point-in-time
Customer Relationships, Net of Amortization	`FiniteLivedIntangibleAssetsNet`	$122.20M	USD	Point-in-time
Other Intangible Assets, Net of Amortization	`OtherIntangibleAssetsNet`	$34.04M	USD	Point-in-time
Other Intangible Assets, Net of Amortization	`OtherIntangibleAssetsNet`	$37.10M	USD	Point-in-time
Goodwill	`Goodwill`	$556.26M	USD	Point-in-time
Goodwill	`Goodwill`	$550.37M	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$1.07B	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$1.05B	USD	Point-in-time
Total assets	`Assets`	$1.84B	USD	Point-in-time
Total assets	`Assets`	$1.71B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$9.93M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$8.12M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$78.96M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$67.16M	USD	Point-in-time
Accrued income taxes	`AccruedIncomeTaxesCurrent`	$20.04M	USD	Point-in-time
Accrued income taxes	`AccruedIncomeTaxesCurrent`	$5.54M	USD	Point-in-time
Deferred income tax liability	`DeferredTaxLiabilitiesCurrent`	$7.03M	USD	Point-in-time
Deferred income tax liability	`DeferredTaxLiabilitiesCurrent`	$7.03M	USD	Point-in-time
Notes payable and current maturities of long term debt	`DebtCurrent`	$2.60M	USD	Point-in-time
Notes payable and current maturities of long term debt	`DebtCurrent`	$1.11M	USD	Point-in-time
Deferred revenues	`DeferredRevenueCurrent`	$293.77M	USD	Point-in-time
Deferred revenues	`DeferredRevenueCurrent`	$339.54M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$397.23M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$443.61M	USD	Point-in-time
Non-current deferred revenues	`DeferredRevenueNoncurrent`	$192.44M	USD	Point-in-time
Non-current deferred revenues	`DeferredRevenueNoncurrent`	$199.58M	USD	Point-in-time
Non-current deferred income tax liability	`DeferredTaxLiabilitiesNoncurrent`	$153.88M	USD	Point-in-time
Non-current deferred income tax liability	`DeferredTaxLiabilitiesNoncurrent`	$150.22M	USD	Point-in-time
Debt, net of current maturities	`LongTermDebtAndCapitalLeaseObligations`	-	USD	Point-in-time
Debt, net of current maturities	`LongTermDebtAndCapitalLeaseObligations`	$50.10M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$8.92M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$9.23M	USD	Point-in-time
Total long term liabilities	`LiabilitiesNoncurrent`	$401.69M	USD	Point-in-time
Total long term liabilities	`LiabilitiesNoncurrent`	$362.69M	USD	Point-in-time
Total liabilities	`Liabilities`	$845.30M	USD	Point-in-time
Total liabilities	`Liabilities`	$759.91M	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; 102,793,020 shares issued at September 30, 2015; 102,695,214 shares issued at June 30, 2015	`CommonStockValue`	$1.03M	USD	Point-in-time
Common stock - $0.01 par value; 250,000,000 shares authorized; 102,793,020 shares issued at September 30, 2015; 102,695,214 shares issued at June 30, 2015	`CommonStockValue`	$1.03M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$424.54M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$425.36M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.27B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.30B	USD	Point-in-time
Less treasury stock at cost; 22,860,851 shares at September 30, 2015; 21,842,632 shares at June 30, 2015	`TreasuryStockValue`	$700.47M	USD	Point-in-time
Less treasury stock at cost; 22,860,851 shares at September 30, 2015; 21,842,632 shares at June 30, 2015	`TreasuryStockValue`	$769.71M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$954.28M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$991.53M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$1.84B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$1.71B	USD	Point-in-time

Income Statement 48 line items

Line Item	Tag	Value	Unit	Period
License	`LicensesRevenue`	$503.00K	USD	1 Quarter
License	`LicensesRevenue`	$1.60M	USD	1 Quarter
Support and service	`SalesRevenueServicesNet`	$288.22M	USD	1 Quarter
Support and service	`SalesRevenueServicesNet`	$307.75M	USD	1 Quarter
Hardware	`SalesRevenueGoodsNet`	$12.27M	USD	1 Quarter
Hardware	`SalesRevenueGoodsNet`	$12.76M	USD	1 Quarter
Total revenue	`Revenues`	$321.62M	USD	1 Quarter
Total revenue	`Revenues`	$301.47M	USD	1 Quarter
Cost of license	`LicenseCosts`	$409.00K	USD	1 Quarter
Cost of license	`LicenseCosts`	$181.00K	USD	1 Quarter
Cost of support and service	`CostOfServices`	$174.71M	USD	1 Quarter
Cost of support and service	`CostOfServices`	$165.09M	USD	1 Quarter
Cost of hardware	`CostOfGoodsSold`	$9.38M	USD	1 Quarter
Cost of hardware	`CostOfGoodsSold`	$8.77M	USD	1 Quarter
Total cost of sales	`CostOfRevenue`	$183.66M	USD	1 Quarter
Total cost of sales	`CostOfRevenue`	$174.88M	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$137.96M	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$126.59M	USD	1 Quarter
Selling and marketing	`SellingAndMarketingExpense`	$21.66M	USD	1 Quarter
Selling and marketing	`SellingAndMarketingExpense`	$21.75M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$16.79M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$18.55M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$16.51M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$17.11M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$54.96M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$57.42M	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$80.54M	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$71.63M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$57.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$113.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$266.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$220.00K	USD	1 Quarter
Total interest income (expense)	`InterestIncomeExpenseNet`	$-209.00K	USD	1 Quarter
Total interest income (expense)	`InterestIncomeExpenseNet`	$-107.00K	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$80.43M	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$71.42M	USD	1 Quarter
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$29.06M	USD	1 Quarter
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$25.33M	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$46.09M	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$51.37M	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$0.64	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$0.56	USD	1 Quarter
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	80.73M	shares	1 Quarter
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	82.59M	shares	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$0.56	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$0.64	USD	1 Quarter
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	82.19M	shares	1 Quarter
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	80.55M	shares	1 Quarter

Cash Flow Statement 66 line items

Line Item	Tag	Value	Unit	Period
Net Income	`NetIncomeLoss`	$46.09M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$51.37M	USD	1 Quarter
Depreciation	`Depreciation`	$12.99M	USD	1 Quarter
Depreciation	`Depreciation`	$13.63M	USD	1 Quarter
Amortization	`AdjustmentForAmortization`	$15.82M	USD	1 Quarter
Amortization	`AdjustmentForAmortization`	$18.21M	USD	1 Quarter
Change in deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-1.73M	USD	1 Quarter
Change in deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$2.68M	USD	1 Quarter
Excess tax benefits from stock-based compensation, Operating Activities	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$114.00K	USD	1 Quarter
Excess tax benefits from stock-based compensation, Operating Activities	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$3.80M	USD	1 Quarter
Expense for stock-based compensation	`ShareBasedCompensation`	$2.07M	USD	1 Quarter
Expense for stock-based compensation	`ShareBasedCompensation`	$1.97M	USD	1 Quarter
Gain/loss on disposal of assets	`GainLossOnSaleOfPropertyPlantEquipment`	$56.00K	USD	1 Quarter
Gain/loss on disposal of assets	`GainLossOnSaleOfPropertyPlantEquipment`	$-86.00K	USD	1 Quarter
Change in receivables	`IncreaseDecreaseInReceivables`	$-97.93M	USD	1 Quarter
Change in receivables	`IncreaseDecreaseInReceivables`	$-64.93M	USD	1 Quarter
Change in prepaid expenses, deferred costs and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$26.23M	USD	1 Quarter
Change in prepaid expenses, deferred costs and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$20.17M	USD	1 Quarter
Change in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.82M	USD	1 Quarter
Change in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-2.20M	USD	1 Quarter
Change in accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-11.45M	USD	1 Quarter
Change in accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-4.68M	USD	1 Quarter
Change in income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$24.33M	USD	1 Quarter
Change in income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$15.67M	USD	1 Quarter
Change in deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$-34.07M	USD	1 Quarter
Change in deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$-39.70M	USD	1 Quarter
Net cash from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$93.15M	USD	1 Quarter
Net cash from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$126.70M	USD	1 Quarter
Payment for acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	1 Quarter
Payment for acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$8.28M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$21.48M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$12.91M	USD	1 Quarter
Proceeds from sale of assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$38.00K	USD	1 Quarter
Proceeds from sale of assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$58.00K	USD	1 Quarter
Internal use software	`PaymentsForSoftware`	$3.46M	USD	1 Quarter
Internal use software	`PaymentsForSoftware`	$4.40M	USD	1 Quarter
Computer software developed	`PaymentsToDevelopSoftware`	$23.02M	USD	1 Quarter
Computer software developed	`PaymentsToDevelopSoftware`	$18.00M	USD	1 Quarter
Net cash from investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-42.88M	USD	1 Quarter
Net cash from investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-48.56M	USD	1 Quarter
Repayments on credit facilities	`RepaymentsOfLongTermDebt`	$170.00K	USD	1 Quarter
Repayments on credit facilities	`RepaymentsOfLongTermDebt`	$51.59M	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$60.54M	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$69.24M	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$18.04M	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$20.20M	USD	1 Quarter
Excess tax benefits from stock-based compensation, Financing Activities	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$114.00K	USD	1 Quarter
Excess tax benefits from stock-based compensation, Financing Activities	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$3.80M	USD	1 Quarter
Proceeds from issuance of common stock upon exercise of stock options	`ProceedsFromStockOptionsExercised`	$1.00K	USD	1 Quarter
Proceeds from issuance of common stock upon exercise of stock options	`ProceedsFromStockOptionsExercised`	$161.00K	USD	1 Quarter
Minimum tax withholding payments related to option exercises	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$2.44M	USD	1 Quarter
Minimum tax withholding payments related to option exercises	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$7.60M	USD	1 Quarter
Proceeds from sale of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$1.40M	USD	1 Quarter
Proceeds from sale of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$1.15M	USD	1 Quarter
Net cash from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-81.24M	USD	1 Quarter
Net cash from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-141.96M	USD	1 Quarter
NET CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-30.98M	USD	1 Quarter
NET CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-63.83M	USD	1 Quarter
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$148.31M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$70.38M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$39.40M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$84.48M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$70.38M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$39.40M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$148.31M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$84.48M	USD	Point-in-time

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