10-Q Filing

JACK HENRY & ASSOCIATES INC CIK: 779152 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0000779152-17-000088`
Period End Date	20170930
Filing Date	20171109
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	jkhy-20170930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 80 Income Statement 34 Cash Flow Statement 64

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
Common stock, issued shares	`CommonStockSharesIssued`	103.19M	shares	Point-in-time
Common stock, issued shares	`CommonStockSharesIssued`	103.08M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$114.77M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$104.04M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$84.52M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$70.31M	USD	Point-in-time
Receivables, net	`ReceivablesNetCurrent`	$172.51M	USD	Point-in-time
Receivables, net	`ReceivablesNetCurrent`	$276.92M	USD	Point-in-time
Treasury Stock, Shares	`TreasuryStockShares`	25.66M	shares	Point-in-time
Treasury Stock, Shares	`TreasuryStockShares`	25.96M	shares	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$2.94M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$20.14M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$70.81M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$66.89M	USD	Point-in-time
Deferred costs	`DeferredCostsCurrent`	$41.31M	USD	Point-in-time
Deferred costs	`DeferredCostsCurrent`	$53.56M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$403.87M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$520.03M	USD	Point-in-time
PROPERTY AND EQUIPMENT, net	`PropertyPlantAndEquipmentNet`	$273.83M	USD	Point-in-time
PROPERTY AND EQUIPMENT, net	`PropertyPlantAndEquipmentNet`	$282.93M	USD	Point-in-time
Non-current deferred costs	`DeferredCosts`	$96.85M	USD	Point-in-time
Non-current deferred costs	`DeferredCosts`	$93.79M	USD	Point-in-time
Computer software, net of amortization	`CapitalizedComputerSoftwareNet`	$247.32M	USD	Point-in-time
Computer software, net of amortization	`CapitalizedComputerSoftwareNet`	$255.29M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$84.70M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$82.53M	USD	Point-in-time
Other intangible assets, net of amortization	`OtherIntangibleAssetsNet`	$36.58M	USD	Point-in-time
Other intangible assets, net of amortization	`OtherIntangibleAssetsNet`	$36.39M	USD	Point-in-time
Goodwill	`Goodwill`	$552.47M	USD	Point-in-time
Goodwill	`Goodwill`	$558.83M	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$1.11B	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$1.12B	USD	Point-in-time
Total assets	`Assets`	$1.91B	USD	Point-in-time
Total assets	`Assets`	$1.80B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$6.84M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$8.86M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$72.69M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$81.57M	USD	Point-in-time
Accrued income taxes	`AccruedIncomeTaxesCurrent`	-	USD	Point-in-time
Accrued income taxes	`AccruedIncomeTaxesCurrent`	$8.68M	USD	Point-in-time
Deferred revenues	`DeferredRevenueCurrent`	$382.78M	USD	Point-in-time
Deferred revenues	`DeferredRevenueCurrent`	$324.52M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$414.74M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$471.19M	USD	Point-in-time
Non-current deferred revenues	`DeferredRevenueNoncurrent`	$128.61M	USD	Point-in-time
Non-current deferred revenues	`DeferredRevenueNoncurrent`	$115.05M	USD	Point-in-time
Non-current deferred income tax liability	`DeferredTaxLiabilitiesNoncurrent`	$220.90M	USD	Point-in-time
Non-current deferred income tax liability	`DeferredTaxLiabilitiesNoncurrent`	$219.54M	USD	Point-in-time
Debt, net of current maturities	`LongTermDebtAndCapitalLeaseObligations`	$50.00M	USD	Point-in-time
Debt, net of current maturities	`LongTermDebtAndCapitalLeaseObligations`	-	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$7.84M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$7.55M	USD	Point-in-time
Total long term liabilities	`LiabilitiesNoncurrent`	$405.70M	USD	Point-in-time
Total long term liabilities	`LiabilitiesNoncurrent`	$343.79M	USD	Point-in-time
Total liabilities	`Liabilities`	$758.53M	USD	Point-in-time
Total liabilities	`Liabilities`	$876.89M	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; 103,188,252 shares issued at September 30, 2017; 103,083,299 shares issued at June 30, 2017	`CommonStockValue`	$1.03M	USD	Point-in-time
Common stock - $0.01 par value; 250,000,000 shares authorized; 103,188,252 shares issued at September 30, 2017; 103,083,299 shares issued at June 30, 2017	`CommonStockValue`	$1.03M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$448.29M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$452.02M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.59B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.62B	USD	Point-in-time
Less treasury stock at cost; 25,961,920 shares at September 30, 2017; 25,660,212 shares at June 30, 2017	`TreasuryStockValue`	$1.01B	USD	Point-in-time
Less treasury stock at cost; 25,961,920 shares at September 30, 2017; 25,660,212 shares at June 30, 2017	`TreasuryStockValue`	$1.04B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.04B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.03B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$1.91B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$1.80B	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
REVENUE	`Revenues`	$345.03M	USD	1 Quarter
REVENUE	`Revenues`	$359.93M	USD	1 Quarter
Cost of Revenue	`CostOfRevenue`	$194.76M	USD	1 Quarter
Cost of Revenue	`CostOfRevenue`	$204.72M	USD	1 Quarter
Research and Development	`ResearchAndDevelopmentExpense`	$20.93M	USD	1 Quarter
Research and Development	`ResearchAndDevelopmentExpense`	$19.74M	USD	1 Quarter
Selling, General and Administrative	`SellingGeneralAndAdministrativeExpense`	$43.73M	USD	1 Quarter
Selling, General and Administrative	`SellingGeneralAndAdministrativeExpense`	$39.11M	USD	1 Quarter
Gain on Disposal of a Business	`GainLossOnSaleOfBusiness`	-	USD	1 Quarter
Gain on Disposal of a Business	`GainLossOnSaleOfBusiness`	$1.71M	USD	1 Quarter
Total Expenses	`CostsAndExpenses`	$253.61M	USD	1 Quarter
Total Expenses	`CostsAndExpenses`	$267.67M	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$92.26M	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$91.42M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$108.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$147.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$142.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$189.00K	USD	1 Quarter
Total interest income (expense)	`InterestIncomeExpenseNet`	$-34.00K	USD	1 Quarter
Total interest income (expense)	`InterestIncomeExpenseNet`	$-42.00K	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$91.38M	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$92.22M	USD	1 Quarter
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$28.81M	USD	1 Quarter
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$29.14M	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$62.24M	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$63.41M	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$0.82	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$0.79	USD	1 Quarter
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	78.41M	shares	1 Quarter
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	77.28M	shares	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$0.82	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`	77.65M	shares	1 Quarter

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net Income	`ProfitLoss`	$63.41M	USD	1 Quarter
Net Income	`ProfitLoss`	$62.24M	USD	1 Quarter
Depreciation	`Depreciation`	$12.42M	USD	1 Quarter
Depreciation	`Depreciation`	$12.39M	USD	1 Quarter
Amortization	`AdjustmentForAmortization`	$21.75M	USD	1 Quarter
Amortization	`AdjustmentForAmortization`	$23.86M	USD	1 Quarter
Change in deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-7.78M	USD	1 Quarter
Change in deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-1.36M	USD	1 Quarter
Expense for stock-based compensation	`ShareBasedCompensation`	$1.20M	USD	1 Quarter
Expense for stock-based compensation	`ShareBasedCompensation`	$1.51M	USD	1 Quarter
Gain/loss on disposal of assets and businesses	`GainLossOnSaleOfPropertyPlantEquipment`	$1.62M	USD	1 Quarter
Gain/loss on disposal of assets and businesses	`GainLossOnSaleOfPropertyPlantEquipment`	$-194.00K	USD	1 Quarter
Change in receivables	`IncreaseDecreaseInReceivables`	$-105.24M	USD	1 Quarter
Change in receivables	`IncreaseDecreaseInReceivables`	$-105.50M	USD	1 Quarter
Change in prepaid expenses, deferred costs and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$13.64M	USD	1 Quarter
Change in prepaid expenses, deferred costs and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$22.31M	USD	1 Quarter
Change in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-7.50M	USD	1 Quarter
Change in accounts payable	`IncreaseDecreaseInAccountsPayable`	$2.00M	USD	1 Quarter
Change in accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-16.36M	USD	1 Quarter
Change in accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-9.88M	USD	1 Quarter
Change in income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$26.14M	USD	1 Quarter
Change in income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$19.69M	USD	1 Quarter
Change in deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$-51.19M	USD	1 Quarter
Change in deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$-72.07M	USD	1 Quarter
Net cash from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$138.72M	USD	1 Quarter
Net cash from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$133.37M	USD	1 Quarter
Payment for acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$10.46M	USD	1 Quarter
Payment for acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.71M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.11M	USD	1 Quarter
Proceeds from the sale of businesses	`ProceedsFromDivestitureOfBusinessesAndInterestsInAffiliates`	$200.00K	USD	1 Quarter
Proceeds from the sale of businesses	`ProceedsFromDivestitureOfBusinessesAndInterestsInAffiliates`	-	USD	1 Quarter
Proceeds from sale of assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$106.00K	USD	1 Quarter
Proceeds from sale of assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$777.00K	USD	1 Quarter
Internal use software	`PaymentsForSoftware`	$3.45M	USD	1 Quarter
Internal use software	`PaymentsForSoftware`	$4.33M	USD	1 Quarter
Computer software developed	`PaymentsToDevelopSoftware`	$22.98M	USD	1 Quarter
Computer software developed	`PaymentsToDevelopSoftware`	$20.24M	USD	1 Quarter
Net cash from investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-40.28M	USD	1 Quarter
Net cash from investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-31.90M	USD	1 Quarter
Repayments on credit facilities	`RepaymentsOfLongTermDebt`	$200.00K	USD	1 Quarter
Repayments on credit facilities	`RepaymentsOfLongTermDebt`	$50.00M	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$30.02M	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$61.34M	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$23.90M	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$21.86M	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
Tax withholding payments related to share based compensation	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$5.34M	USD	1 Quarter
Tax withholding payments related to share based compensation	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$7.03M	USD	1 Quarter
Proceeds from sale of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$1.47M	USD	1 Quarter
Proceeds from sale of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$1.79M	USD	1 Quarter
Net cash from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-109.16M	USD	1 Quarter
Net cash from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-87.26M	USD	1 Quarter
NET CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$14.21M	USD	1 Quarter
NET CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-10.72M	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`	$114.77M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$104.04M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$84.52M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$104.04M	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`	$114.77M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$70.31M	USD	Point-in-time

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