10-Q Filing

JACK HENRY & ASSOCIATES INC CIK: 779152 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0000779152-16-000167`
Period End Date	20160930
Filing Date	20161108
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	jkhy-20160930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 80 Income Statement 48 Cash Flow Statement 62

Balance Sheet 80 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
Preferred stock, authorized shares	`PreferredStockSharesAuthorized`	500,000.00	shares	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
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
Common stock, authorized shares	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$70.31M	USD	Point-in-time
Common stock, issued shares	`CommonStockSharesIssued`	102.90M	shares	Point-in-time
Common stock, issued shares	`CommonStockSharesIssued`	103.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$84.52M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$148.31M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$84.48M	USD	Point-in-time
Treasury Stock, Shares	`TreasuryStockShares`	24.21M	shares	Point-in-time
Treasury Stock, Shares	`TreasuryStockShares`	24.91M	shares	Point-in-time
Receivables, net	`ReceivablesNetCurrent`	$148.43M	USD	Point-in-time
Receivables, net	`ReceivablesNetCurrent`	$253.92M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$2.99M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$15.64M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$61.66M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$56.59M	USD	Point-in-time
Deferred costs	`DeferredCostsCurrent`	$45.31M	USD	Point-in-time
Deferred costs	`DeferredCostsCurrent`	$35.47M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$431.93M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$342.90M	USD	Point-in-time
PROPERTY AND EQUIPMENT, net	`PropertyPlantAndEquipmentNet`	$298.56M	USD	Point-in-time
PROPERTY AND EQUIPMENT, net	`PropertyPlantAndEquipmentNet`	$293.24M	USD	Point-in-time
Deferred Costs, Noncurrent	`DeferredCosts`	$99.80M	USD	Point-in-time
Deferred Costs, Noncurrent	`DeferredCosts`	$102.56M	USD	Point-in-time
Computer software, net of amortization	`CapitalizedComputerSoftwareNet`	$227.60M	USD	Point-in-time
Computer software, net of amortization	`CapitalizedComputerSoftwareNet`	$222.12M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$75.10M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$70.46M	USD	Point-in-time
Other intangible assets, net of amortization	`OtherIntangibleAssetsNet`	$37.19M	USD	Point-in-time
Other intangible assets, net of amortization	`OtherIntangibleAssetsNet`	$35.71M	USD	Point-in-time
Goodwill	`Goodwill`	$552.85M	USD	Point-in-time
Goodwill	`Goodwill`	$552.85M	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$1.10B	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$1.09B	USD	Point-in-time
Total assets	`Assets`	$1.82B	USD	Point-in-time
Total assets	`Assets`	$1.73B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$14.60M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$7.09M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$69.82M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$85.41M	USD	Point-in-time
Accrued income taxes	`AccruedIncomeTaxesCurrent`	-	USD	Point-in-time
Accrued income taxes	`AccruedIncomeTaxesCurrent`	$6.55M	USD	Point-in-time
Notes payable and current maturities of long term debt	`DebtCurrent`	$200.00K	USD	Point-in-time
Notes payable and current maturities of long term debt	`DebtCurrent`	-	USD	Point-in-time
Deferred revenues	`DeferredRevenueCurrent`	$343.52M	USD	Point-in-time
Deferred revenues	`DeferredRevenueCurrent`	$295.91M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$379.37M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$443.73M	USD	Point-in-time
Non-current deferred revenues	`DeferredRevenueNoncurrent`	$173.96M	USD	Point-in-time
Non-current deferred revenues	`DeferredRevenueNoncurrent`	$177.53M	USD	Point-in-time
Non-current deferred income tax liability	`DeferredTaxLiabilitiesNoncurrent`	$188.60M	USD	Point-in-time
Non-current deferred income tax liability	`DeferredTaxLiabilitiesNoncurrent`	$196.38M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$9.44M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$9.95M	USD	Point-in-time
Total long term liabilities	`LiabilitiesNoncurrent`	$375.57M	USD	Point-in-time
Total long term liabilities	`LiabilitiesNoncurrent`	$380.29M	USD	Point-in-time
Total liabilities	`Liabilities`	$759.66M	USD	Point-in-time
Total liabilities	`Liabilities`	$819.30M	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; 103,004,483 shares issued at September 30, 2016; 102,903,971 shares issued at June 30, 2016	`CommonStockValue`	$1.03M	USD	Point-in-time
Common stock - $0.01 par value; 250,000,000 shares authorized; 103,004,483 shares issued at September 30, 2016; 102,903,971 shares issued at June 30, 2016	`CommonStockValue`	$1.03M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$440.12M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$437.45M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.43B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.47B	USD	Point-in-time
Less treasury stock at cost; 24,908,692 shares at September 30, 2016; 24,208,517 shares at June 30, 2016	`TreasuryStockValue`	$937.47M	USD	Point-in-time
Less treasury stock at cost; 24,908,692 shares at September 30, 2016; 24,208,517 shares at June 30, 2016	`TreasuryStockValue`	$876.13M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$996.21M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$972.59M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$1.82B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$1.73B	USD	Point-in-time

Income Statement 48 line items

Line Item	Tag	Value	Unit	Period
License	`LicensesRevenue`	$1.60M	USD	1 Quarter
License	`LicensesRevenue`	$694.00K	USD	1 Quarter
Support and service	`SalesRevenueServicesNet`	$307.75M	USD	1 Quarter
Support and service	`SalesRevenueServicesNet`	$333.05M	USD	1 Quarter
Hardware	`SalesRevenueGoodsNet`	$12.27M	USD	1 Quarter
Hardware	`SalesRevenueGoodsNet`	$11.29M	USD	1 Quarter
Total revenue	`Revenues`	$345.03M	USD	1 Quarter
Total revenue	`Revenues`	$321.62M	USD	1 Quarter
Cost of license	`LicenseCosts`	$181.00K	USD	1 Quarter
Cost of license	`LicenseCosts`	$252.00K	USD	1 Quarter
Cost of support and service	`CostOfServices`	$174.71M	USD	1 Quarter
Cost of support and service	`CostOfServices`	$185.89M	USD	1 Quarter
Cost of hardware	`CostOfGoodsSold`	$8.77M	USD	1 Quarter
Cost of hardware	`CostOfGoodsSold`	$8.62M	USD	1 Quarter
Total cost of sales	`CostOfRevenue`	$194.76M	USD	1 Quarter
Total cost of sales	`CostOfRevenue`	$183.66M	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$137.96M	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$150.26M	USD	1 Quarter
Selling and marketing	`SellingAndMarketingExpense`	$22.13M	USD	1 Quarter
Selling and marketing	`SellingAndMarketingExpense`	$21.75M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$19.74M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$18.55M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$16.98M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$17.11M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$57.42M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$58.85M	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$80.54M	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$91.42M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$108.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$113.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$220.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$142.00K	USD	1 Quarter
Total interest income (expense)	`InterestIncomeExpenseNet`	$-34.00K	USD	1 Quarter
Total interest income (expense)	`InterestIncomeExpenseNet`	$-107.00K	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$91.38M	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$80.43M	USD	1 Quarter
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$29.14M	USD	1 Quarter
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$29.06M	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$62.24M	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$51.37M	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$0.79	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$0.64	USD	1 Quarter
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	80.55M	shares	1 Quarter
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	78.41M	shares	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$0.64	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$0.79	USD	1 Quarter
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	78.84M	shares	1 Quarter
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	80.73M	shares	1 Quarter

Cash Flow Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net Income	`ProfitLoss`	$51.37M	USD	1 Quarter
Net Income	`ProfitLoss`	$62.24M	USD	1 Quarter
Depreciation	`Depreciation`	$12.99M	USD	1 Quarter
Depreciation	`Depreciation`	$12.39M	USD	1 Quarter
Amortization	`AdjustmentForAmortization`	$18.21M	USD	1 Quarter
Amortization	`AdjustmentForAmortization`	$21.75M	USD	1 Quarter
Change in deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-7.78M	USD	1 Quarter
Change in deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-1.73M	USD	1 Quarter
Expense for stock-based compensation	`ShareBasedCompensation`	$1.97M	USD	1 Quarter
Expense for stock-based compensation	`ShareBasedCompensation`	$1.20M	USD	1 Quarter
Gain/loss on disposal of assets	`GainLossOnSaleOfPropertyPlantEquipment`	$-86.00K	USD	1 Quarter
Gain/loss on disposal of assets	`GainLossOnSaleOfPropertyPlantEquipment`	$-194.00K	USD	1 Quarter
Change in receivables	`IncreaseDecreaseInReceivables`	$-97.93M	USD	1 Quarter
Change in receivables	`IncreaseDecreaseInReceivables`	$-105.50M	USD	1 Quarter
Change in prepaid expenses, deferred costs and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$22.31M	USD	1 Quarter
Change in prepaid expenses, deferred costs and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$20.17M	USD	1 Quarter
Change in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-7.50M	USD	1 Quarter
Change in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.82M	USD	1 Quarter
Change in accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-16.36M	USD	1 Quarter
Change in accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-11.45M	USD	1 Quarter
Change in income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$19.69M	USD	1 Quarter
Change in income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$15.67M	USD	1 Quarter
Change in deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$-51.19M	USD	1 Quarter
Change in deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$-39.70M	USD	1 Quarter
Net cash from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$126.81M	USD	1 Quarter
Net cash from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$133.37M	USD	1 Quarter
Payment for acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$8.28M	USD	1 Quarter
Payment for acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.11M	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`	$777.00K	USD	1 Quarter
Internal use software	`PaymentsForSoftware`	$4.40M	USD	1 Quarter
Internal use software	`PaymentsForSoftware`	$4.33M	USD	1 Quarter
Computer software developed	`PaymentsToDevelopSoftware`	$23.02M	USD	1 Quarter
Computer software developed	`PaymentsToDevelopSoftware`	$20.24M	USD	1 Quarter
Net cash from investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-31.90M	USD	1 Quarter
Net cash from investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-48.56M	USD	1 Quarter
Repayments on credit facilities	`RepaymentsOfLongTermDebt`	$51.59M	USD	1 Quarter
Repayments on credit facilities	`RepaymentsOfLongTermDebt`	$200.00K	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$69.24M	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$61.34M	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$21.86M	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$20.20M	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`	$1.00K	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`	$5.34M	USD	1 Quarter
Proceeds from sale of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$1.40M	USD	1 Quarter
Proceeds from sale of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$1.47M	USD	1 Quarter
Net cash from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-87.26M	USD	1 Quarter
Net cash from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-142.08M	USD	1 Quarter
NET CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$14.21M	USD	1 Quarter
NET CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-63.83M	USD	1 Quarter
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$70.31M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$84.52M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$148.31M	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`	$70.31M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$84.52M	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.