10-Q Filing

JACK HENRY & ASSOCIATES INC CIK: 779152 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0000779152-18-000101`
Period End Date	20180930
Filing Date	20181108
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	jkhy-20180930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 34 Cash Flow Statement 64

Balance Sheet 76 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`	$104.04M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$114.87M	USD	Point-in-time
Common stock, issued shares	`CommonStockSharesIssued`	103.28M	shares	Point-in-time
Common stock, issued shares	`CommonStockSharesIssued`	103.40M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$114.77M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$31.44M	USD	Point-in-time
Treasury Stock, Shares	`TreasuryStockShares`	26.11M	shares	Point-in-time
Receivables, net	`ReceivablesNetCurrent`	$297.27M	USD	Point-in-time
Treasury Stock, Shares	`TreasuryStockShares`	26.11M	shares	Point-in-time
Receivables, net	`ReceivablesNetCurrent`	$198.56M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$4.14M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$21.67M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$102.42M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$96.14M	USD	Point-in-time
Deferred costs	`DeferredCostsCurrent`	$37.84M	USD	Point-in-time
Deferred costs	`DeferredCostsCurrent`	$27.07M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$457.84M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$473.59M	USD	Point-in-time
PROPERTY AND EQUIPMENT, net	`PropertyPlantAndEquipmentNet`	$286.85M	USD	Point-in-time
PROPERTY AND EQUIPMENT, net	`PropertyPlantAndEquipmentNet`	$286.50M	USD	Point-in-time
Non-current deferred costs	`DeferredCosts`	$74.86M	USD	Point-in-time
Non-current deferred costs	`DeferredCosts`	$77.54M	USD	Point-in-time
Computer software, net of amortization	`CapitalizedComputerSoftwareNet`	$294.84M	USD	Point-in-time
Computer software, net of amortization	`CapitalizedComputerSoftwareNet`	$288.17M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$110.30M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$119.50M	USD	Point-in-time
Other intangible assets, net of amortization	`OtherIntangibleAssetsNet`	$36.15M	USD	Point-in-time
Other intangible assets, net of amortization	`OtherIntangibleAssetsNet`	$38.47M	USD	Point-in-time
Goodwill	`Goodwill`	$649.93M	USD	Point-in-time
Goodwill	`Goodwill`	$649.93M	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$1.29B	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$1.28B	USD	Point-in-time
Total assets	`Assets`	$2.03B	USD	Point-in-time
Total assets	`Assets`	$2.04B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$34.51M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$10.48M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$113.07M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$88.76M	USD	Point-in-time
Deferred revenues	`ContractWithCustomerLiabilityCurrent`	$352.43M	USD	Point-in-time
Deferred revenues	`ContractWithCustomerLiabilityCurrent`	$296.68M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$420.23M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$475.70M	USD	Point-in-time
Non-current deferred revenues	`ContractWithCustomerLiabilityNoncurrent`	$17.48M	USD	Point-in-time
Non-current deferred revenues	`ContractWithCustomerLiabilityNoncurrent`	$21.09M	USD	Point-in-time
Non-current deferred income tax liability	`DeferredTaxLiabilitiesNoncurrent`	$208.30M	USD	Point-in-time
Non-current deferred income tax liability	`DeferredTaxLiabilitiesNoncurrent`	$209.03M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$14.19M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$12.87M	USD	Point-in-time
Total long term liabilities	`LiabilitiesNoncurrent`	$238.66M	USD	Point-in-time
Total long term liabilities	`LiabilitiesNoncurrent`	$244.31M	USD	Point-in-time
Total liabilities	`Liabilities`	$664.54M	USD	Point-in-time
Total liabilities	`Liabilities`	$714.36M	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; 103,398,501 shares issued at September 30, 2018; 103,278,562 shares issued at June 30, 2018	`CommonStockValue`	$1.03M	USD	Point-in-time
Common stock - $0.01 par value; 250,000,000 shares authorized; 103,398,501 shares issued at September 30, 2018; 103,278,562 shares issued at June 30, 2018	`CommonStockValue`	$1.03M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$454.87M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$464.14M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.91B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.97B	USD	Point-in-time
Less treasury stock at cost; 26,107,903 shares at September 30, 2018; 26,107,903 shares at June 30, 2018	`TreasuryStockValue`	$1.06B	USD	Point-in-time
Less treasury stock at cost; 26,107,903 shares at September 30, 2018; 26,107,903 shares at June 30, 2018	`TreasuryStockValue`	$1.06B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.32B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.37B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$2.04B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$2.03B	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
REVENUE	`RevenueFromContractWithCustomerExcludingAssessedTax`	$361.28M	USD	1 Quarter
REVENUE	`RevenueFromContractWithCustomerExcludingAssessedTax`	$392.54M	USD	1 Quarter
Cost of Revenue	`CostOfRevenue`	$220.11M	USD	1 Quarter
Cost of Revenue	`CostOfRevenue`	$203.91M	USD	1 Quarter
Research and Development	`ResearchAndDevelopmentExpense`	$20.93M	USD	1 Quarter
Research and Development	`ResearchAndDevelopmentExpense`	$24.03M	USD	1 Quarter
Selling, General and Administrative	`SellingGeneralAndAdministrativeExpense`	$45.18M	USD	1 Quarter
Selling, General and Administrative	`SellingGeneralAndAdministrativeExpense`	$41.09M	USD	1 Quarter
Gain on Disposal of a Business	`GainLossOnSaleOfBusiness`	$1.71M	USD	1 Quarter
Gain on Disposal of a Business	`GainLossOnSaleOfBusiness`	-	USD	1 Quarter
Total Expenses	`CostsAndExpenses`	$289.32M	USD	1 Quarter
Total Expenses	`CostsAndExpenses`	$264.23M	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$103.22M	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$97.06M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$147.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$291.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$147.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$189.00K	USD	1 Quarter
Total interest income (expense)	`InterestIncomeExpenseNet`	$144.00K	USD	1 Quarter
Total interest income (expense)	`InterestIncomeExpenseNet`	$-42.00K	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$103.37M	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$97.02M	USD	1 Quarter
PROVISION/ (BENEFIT) FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$19.82M	USD	1 Quarter
PROVISION/ (BENEFIT) FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$30.14M	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$66.87M	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$83.55M	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$0.87	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$1.08	USD	1 Quarter
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	77.19M	shares	1 Quarter
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	77.28M	shares	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$0.86	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$1.08	USD	1 Quarter
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	77.54M	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`	$83.55M	USD	1 Quarter
Net Income	`ProfitLoss`	$66.87M	USD	1 Quarter
Depreciation	`Depreciation`	$12.42M	USD	1 Quarter
Depreciation	`Depreciation`	$10.90M	USD	1 Quarter
Amortization	`AdjustmentForAmortization`	$23.86M	USD	1 Quarter
Amortization	`AdjustmentForAmortization`	$27.83M	USD	1 Quarter
Change in deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-3.39M	USD	1 Quarter
Change in deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-730.00K	USD	1 Quarter
Expense for stock-based compensation	`ShareBasedCompensation`	$1.51M	USD	1 Quarter
Expense for stock-based compensation	`ShareBasedCompensation`	$1.77M	USD	1 Quarter
(Gain)/ loss on disposal of assets and businesses	`GainLossOnDispositionOfAssets1`	$1.62M	USD	1 Quarter
(Gain)/ loss on disposal of assets and businesses	`GainLossOnDispositionOfAssets1`	$-30.00K	USD	1 Quarter
Change in receivables	`IncreaseDecreaseInReceivables`	$-98.71M	USD	1 Quarter
Change in receivables	`IncreaseDecreaseInReceivables`	$-101.93M	USD	1 Quarter
Change in prepaid expenses, deferred costs and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$18.07M	USD	1 Quarter
Change in prepaid expenses, deferred costs and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$28.93M	USD	1 Quarter
Change in accounts payable	`IncreaseDecreaseInAccountsPayable`	$2.00M	USD	1 Quarter
Change in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-9.93M	USD	1 Quarter
Change in accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-6.11M	USD	1 Quarter
Change in accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-4.28M	USD	1 Quarter
Change in income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$25.45M	USD	1 Quarter
Change in income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$18.50M	USD	1 Quarter
Change in deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$-72.91M	USD	1 Quarter
Change in deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$-52.15M	USD	1 Quarter
Net cash from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$146.73M	USD	1 Quarter
Net cash from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$138.72M	USD	1 Quarter
Payment for acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	1 Quarter
Payment for acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$10.46M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.71M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$24.00M	USD	1 Quarter
Proceeds from the sale of businesses	`ProceedsFromDivestitureOfBusinessesAndInterestsInAffiliates`	-	USD	1 Quarter
Proceeds from the sale of businesses	`ProceedsFromDivestitureOfBusinessesAndInterestsInAffiliates`	$200.00K	USD	1 Quarter
Proceeds from sale of assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$106.00K	USD	1 Quarter
Proceeds from sale of assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$33.00K	USD	1 Quarter
Internal use software	`PaymentsForSoftware`	$1.63M	USD	1 Quarter
Internal use software	`PaymentsForSoftware`	$3.45M	USD	1 Quarter
Computer software developed	`PaymentsToDevelopSoftware`	$26.67M	USD	1 Quarter
Computer software developed	`PaymentsToDevelopSoftware`	$22.98M	USD	1 Quarter
Net cash from investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-40.28M	USD	1 Quarter
Net cash from investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-52.26M	USD	1 Quarter
Repayments on credit facilities	`RepaymentsOfLongTermDebt`	-	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`	-	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	-	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$23.90M	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`	$7.03M	USD	1 Quarter
Tax withholding payments related to share based compensation	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$13.26M	USD	1 Quarter
Proceeds from sale of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$2.22M	USD	1 Quarter
Proceeds from sale of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$1.79M	USD	1 Quarter
Net cash from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-11.04M	USD	1 Quarter
Net cash from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-109.16M	USD	1 Quarter
NET CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-10.72M	USD	1 Quarter
NET CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$83.43M	USD	1 Quarter
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$31.44M	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`	$114.87M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$114.77M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$114.87M	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`	$104.04M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$31.44M	USD	Point-in-time

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