10-Q Filing

JACK HENRY & ASSOCIATES INC CIK: 779152 Q1 2020

Filing Information

Form Type	10-Q
Accession Number	`0000779152-19-000086`
Period End Date	20190930
Filing Date	20191108
Fiscal Year	2020
Fiscal Period	Q1
XBRL Instance	jkhy-20190930x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 81 Income Statement 32 Cash Flow Statement 62 Stockholders Equity 10

Balance Sheet 81 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`	103.50M	shares	Point-in-time
Common stock, issued shares	`CommonStockSharesIssued`	103.54M	shares	Point-in-time
Treasury Stock, Shares	`TreasuryStockShares`	26.61M	shares	Point-in-time
Treasury Stock, Shares	`TreasuryStockShares`	26.51M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$93.63M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$96.68M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$31.44M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$114.87M	USD	Point-in-time
Receivables, net	`ReceivablesNetCurrent`	$310.08M	USD	Point-in-time
Receivables, net	`ReceivablesNetCurrent`	$234.36M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	-	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$17.82M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$106.47M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$102.19M	USD	Point-in-time
Deferred costs	`DeferredCostsCurrent`	$35.10M	USD	Point-in-time
Deferred costs	`DeferredCostsCurrent`	$44.35M	USD	Point-in-time
Assets held for sale	`AssetsHeldForSaleNotPartOfDisposalGroupCurrent`	$6.55M	USD	Point-in-time
Assets held for sale	`AssetsHeldForSaleNotPartOfDisposalGroupCurrent`	$6.36M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$484.12M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$569.45M	USD	Point-in-time
PROPERTY AND EQUIPMENT, net	`PropertyPlantAndEquipmentNet`	$274.53M	USD	Point-in-time
PROPERTY AND EQUIPMENT, net	`PropertyPlantAndEquipmentNet`	$272.47M	USD	Point-in-time
Non-current deferred costs	`DeferredCosts`	$96.81M	USD	Point-in-time
Non-current deferred costs	`DeferredCosts`	$90.08M	USD	Point-in-time
Computer software, net of amortization	`CapitalizedComputerSoftwareNet`	$318.97M	USD	Point-in-time
Computer software, net of amortization	`CapitalizedComputerSoftwareNet`	$331.47M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$212.25M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$134.74M	USD	Point-in-time
Other intangible assets, net of amortization	`OtherIntangibleAssetsNet`	$31.51M	USD	Point-in-time
Other intangible assets, net of amortization	`OtherIntangibleAssetsNet`	$34.06M	USD	Point-in-time
Goodwill	`Goodwill`	$666.94M	USD	Point-in-time
Goodwill	`Goodwill`	$686.03M	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$1.34B	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$1.47B	USD	Point-in-time
Total assets	`Assets`	$2.23B	USD	Point-in-time
Total assets	`Assets`	$2.18B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$13.62M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$9.85M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$120.36M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$106.75M	USD	Point-in-time
Accrued income taxes	`AccruedIncomeTaxesCurrent`	$5.87M	USD	Point-in-time
Accrued income taxes	`AccruedIncomeTaxesCurrent`	-	USD	Point-in-time
Deferred revenues	`ContractWithCustomerLiabilityCurrent`	$266.83M	USD	Point-in-time
Deferred revenues	`ContractWithCustomerLiabilityCurrent`	$339.75M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$469.96M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$393.08M	USD	Point-in-time
Non-current deferred revenues	`ContractWithCustomerLiabilityNoncurrent`	$54.55M	USD	Point-in-time
Non-current deferred revenues	`ContractWithCustomerLiabilityNoncurrent`	$58.72M	USD	Point-in-time
Non-current deferred income tax liability	`DeferredTaxLiabilitiesNoncurrent`	$217.01M	USD	Point-in-time
Non-current deferred income tax liability	`DeferredTaxLiabilitiesNoncurrent`	$221.96M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$14.29M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$75.56M	USD	Point-in-time
Total long term liabilities	`LiabilitiesNoncurrent`	$356.24M	USD	Point-in-time
Total long term liabilities	`LiabilitiesNoncurrent`	$285.85M	USD	Point-in-time
Total liabilities	`Liabilities`	$755.82M	USD	Point-in-time
Total liabilities	`Liabilities`	$749.32M	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; 103,535,828 shares issued at September 30, 2019; 103,496,026 shares issued at June 30, 2019	`CommonStockValue`	$1.03M	USD	Point-in-time
Common stock - $0.01 par value; 250,000,000 shares authorized; 103,535,828 shares issued at September 30, 2019; 103,496,026 shares issued at June 30, 2019	`CommonStockValue`	$1.03M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$475.22M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$472.03M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.07B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.12B	USD	Point-in-time
Less treasury stock at cost; 26,607,603 shares at September 30, 2019; 26,507,903 shares at June 30, 2019	`TreasuryStockValue`	$1.12B	USD	Point-in-time
Less treasury stock at cost; 26,607,603 shares at September 30, 2019; 26,507,903 shares at June 30, 2019	`TreasuryStockValue`	$1.11B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.43B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.37B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.48B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$2.18B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$2.23B	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
REVENUE	`RevenueFromContractWithCustomerExcludingAssessedTax`	$392.54M	USD	1 Quarter
REVENUE	`RevenueFromContractWithCustomerExcludingAssessedTax`	$438.00M	USD	1 Quarter
Cost of Revenue	`CostOfRevenue`	$220.11M	USD	1 Quarter
Cost of Revenue	`CostOfRevenue`	$245.79M	USD	1 Quarter
Research and Development	`ResearchAndDevelopmentExpense`	$24.59M	USD	1 Quarter
Research and Development	`ResearchAndDevelopmentExpense`	$24.03M	USD	1 Quarter
Selling, General and Administrative	`SellingGeneralAndAdministrativeExpense`	$49.44M	USD	1 Quarter
Selling, General and Administrative	`SellingGeneralAndAdministrativeExpense`	$45.18M	USD	1 Quarter
Total Expenses	`CostsAndExpenses`	$319.82M	USD	1 Quarter
Total Expenses	`CostsAndExpenses`	$289.32M	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$103.22M	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$118.19M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$291.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$508.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$156.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$147.00K	USD	1 Quarter
Total Interest Income (Expense)	`InterestIncomeExpenseNet`	$144.00K	USD	1 Quarter
Total Interest Income (Expense)	`InterestIncomeExpenseNet`	$352.00K	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$118.54M	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$103.37M	USD	1 Quarter
PROVISION/ (BENEFIT) FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$29.17M	USD	1 Quarter
PROVISION/ (BENEFIT) FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$19.82M	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$89.37M	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$83.55M	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$1.08	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$1.16	USD	1 Quarter
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	76.97M	shares	1 Quarter
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	77.19M	shares	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$1.08	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$1.16	USD	1 Quarter
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	77.07M	shares	1 Quarter
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	77.54M	shares	1 Quarter

Cash Flow Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net Income	`ProfitLoss`	$89.37M	USD	1 Quarter
Net Income	`ProfitLoss`	$83.55M	USD	1 Quarter
Depreciation	`Depreciation`	$12.71M	USD	1 Quarter
Depreciation	`Depreciation`	$10.90M	USD	1 Quarter
Amortization	`AdjustmentForAmortization`	$27.83M	USD	1 Quarter
Amortization	`AdjustmentForAmortization`	$29.38M	USD	1 Quarter
Change in deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-730.00K	USD	1 Quarter
Change in deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-2.36M	USD	1 Quarter
Expense for stock-based compensation	`ShareBasedCompensation`	$1.77M	USD	1 Quarter
Expense for stock-based compensation	`ShareBasedCompensation`	$2.85M	USD	1 Quarter
(Gain)/ loss on disposal of assets and businesses	`GainLossOnDispositionOfAssets1`	$-8.00K	USD	1 Quarter
(Gain)/ loss on disposal of assets and businesses	`GainLossOnDispositionOfAssets1`	$-30.00K	USD	1 Quarter
Change in receivables	`IncreaseDecreaseInReceivables`	$-77.12M	USD	1 Quarter
Change in receivables	`IncreaseDecreaseInReceivables`	$-98.71M	USD	1 Quarter
Change in prepaid expenses, deferred costs and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$33.08M	USD	1 Quarter
Change in prepaid expenses, deferred costs and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$13.49M	USD	1 Quarter
Change in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-5.78M	USD	1 Quarter
Change in accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.86M	USD	1 Quarter
Change in accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-4.28M	USD	1 Quarter
Change in accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-35.27M	USD	1 Quarter
Change in income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$18.50M	USD	1 Quarter
Change in income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$25.08M	USD	1 Quarter
Change in deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$-52.15M	USD	1 Quarter
Change in deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$-68.94M	USD	1 Quarter
Net cash from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$123.05M	USD	1 Quarter
Net cash from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$146.73M	USD	1 Quarter
Payment for acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	1 Quarter
Payment for acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$30.29M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$24.00M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$13.10M	USD	1 Quarter
Proceeds from sale of assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$33.00K	USD	1 Quarter
Proceeds from sale of assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$10.00K	USD	1 Quarter
Purchased software	`PaymentsForSoftware`	$2.42M	USD	1 Quarter
Purchased software	`PaymentsForSoftware`	$1.63M	USD	1 Quarter
Computer software developed	`PaymentsToDevelopSoftware`	$28.48M	USD	1 Quarter
Computer software developed	`PaymentsToDevelopSoftware`	$26.67M	USD	1 Quarter
Purchase of investments	`PaymentsToAcquireInvestments`	-	USD	1 Quarter
Purchase of investments	`PaymentsToAcquireInvestments`	$1.15M	USD	1 Quarter
Net cash from investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-75.42M	USD	1 Quarter
Net cash from investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-52.26M	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$14.14M	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	-	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$30.77M	USD	1 Quarter
Proceeds from issuance of common stock upon exercise of stock options	`ProceedsFromStockOptionsExercised`	-	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`	$13.26M	USD	1 Quarter
Tax withholding payments related to share based compensation	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$2.07M	USD	1 Quarter
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$2.22M	USD	1 Quarter
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$2.41M	USD	1 Quarter
Net cash from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-11.04M	USD	1 Quarter
Net cash from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-44.58M	USD	1 Quarter
NET CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$83.43M	USD	1 Quarter
NET CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$3.05M	USD	1 Quarter
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$93.63M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$96.68M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$31.44M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$114.87M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$93.63M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$96.68M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$31.44M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$114.87M	USD	Point-in-time

Stockholders Equity 10 line items

Line Item	Tag	Value	Unit	Period
Balance, beginning of period (value)	`StockholdersEquity`	$1.43B	USD	Point-in-time
Balance, beginning of period (value)	`StockholdersEquity`	$1.37B	USD	Point-in-time
Balance, beginning of period (value)	`StockholdersEquity`	$1.48B	USD	Point-in-time
Net Income	`NetIncomeLoss`	$83.55M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$89.37M	USD	1 Quarter
Balance, end of period (value)	`StockholdersEquity`	$1.43B	USD	Point-in-time
Balance, end of period (value)	`StockholdersEquity`	$1.37B	USD	Point-in-time
Balance, end of period (value)	`StockholdersEquity`	$1.48B	USD	Point-in-time
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.37	USD	1 Quarter
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.40	USD	1 Quarter

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