10-Q Filing

JACK HENRY & ASSOCIATES INC CIK: 779152 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0000779152-20-000099`
Period End Date	20200930
Filing Date	20201106
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	jkhy-20200930_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 83 Income Statement 32 Cash Flow Statement 62 Stockholders Equity 10

Balance Sheet 83 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`	103.70M	shares	Point-in-time
Common stock, issued shares	`CommonStockSharesIssued`	103.62M	shares	Point-in-time
Treasury Stock, Shares	`TreasuryStockShares`	26.99M	shares	Point-in-time
Treasury Stock, Shares	`TreasuryStockShares`	27.39M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$213.34M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$195.32M	USD	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
Receivables, net	`AccountsReceivableNetCurrent`	$223.01M	USD	Point-in-time
Receivables, net	`AccountsReceivableNetCurrent`	$300.94M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	-	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$21.05M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$103.10M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$95.53M	USD	Point-in-time
Deferred costs	`DeferredCostsCurrent`	$38.23M	USD	Point-in-time
Deferred costs	`DeferredCostsCurrent`	$53.11M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$574.54M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$669.10M	USD	Point-in-time
PROPERTY AND EQUIPMENT, net	`PropertyPlantAndEquipmentNet`	$263.71M	USD	Point-in-time
PROPERTY AND EQUIPMENT, net	`PropertyPlantAndEquipmentNet`	$273.43M	USD	Point-in-time
Non-current deferred costs	`DeferredCosts`	$116.99M	USD	Point-in-time
Non-current deferred costs	`DeferredCosts`	$113.53M	USD	Point-in-time
Computer software, net of amortization	`CapitalizedComputerSoftwareNet`	$340.47M	USD	Point-in-time
Computer software, net of amortization	`CapitalizedComputerSoftwareNet`	$348.09M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$220.59M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$225.15M	USD	Point-in-time
Other intangible assets, net of amortization	`OtherIntangibleAssetsNet`	$29.92M	USD	Point-in-time
Other intangible assets, net of amortization	`OtherIntangibleAssetsNet`	$28.55M	USD	Point-in-time
Goodwill	`Goodwill`	$686.33M	USD	Point-in-time
Goodwill	`Goodwill`	$686.33M	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$1.50B	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$1.49B	USD	Point-in-time
Total assets	`Assets`	$2.34B	USD	Point-in-time
Total assets	`Assets`	$2.43B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$6.83M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$9.88M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$166.69M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$144.77M	USD	Point-in-time
Accrued income taxes	`AccruedIncomeTaxesCurrent`	-	USD	Point-in-time
Accrued income taxes	`AccruedIncomeTaxesCurrent`	$878.00K	USD	Point-in-time
Notes payable and current maturities of long-term debt	`NotesPayableCurrent`	$126.00K	USD	Point-in-time
Notes payable and current maturities of long-term debt	`NotesPayableCurrent`	$115.00K	USD	Point-in-time
Deferred revenues	`ContractWithCustomerLiabilityCurrent`	$254.76M	USD	Point-in-time
Deferred revenues	`ContractWithCustomerLiabilityCurrent`	$318.16M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$494.85M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$407.38M	USD	Point-in-time
Non-current deferred revenues	`ContractWithCustomerLiabilityNoncurrent`	$67.75M	USD	Point-in-time
Non-current deferred revenues	`ContractWithCustomerLiabilityNoncurrent`	$71.46M	USD	Point-in-time
Deferred income tax liability	`DeferredIncomeTaxLiabilitiesNet`	$244.00M	USD	Point-in-time
Deferred income tax liability	`DeferredIncomeTaxLiabilitiesNet`	$246.39M	USD	Point-in-time
Debt, net of current maturities	`LongTermDebtAndCapitalLeaseObligations`	$208.00K	USD	Point-in-time
Debt, net of current maturities	`LongTermDebtAndCapitalLeaseObligations`	$169.00K	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$68.27M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$69.64M	USD	Point-in-time
Total long term liabilities	`LiabilitiesNoncurrent`	$383.94M	USD	Point-in-time
Total long term liabilities	`LiabilitiesNoncurrent`	$383.95M	USD	Point-in-time
Total liabilities	`Liabilities`	$791.33M	USD	Point-in-time
Total liabilities	`Liabilities`	$878.79M	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; 103,696,962 shares issued at September 30, 2020; 103,622,563 shares issued at June 30, 2020	`CommonStockValue`	$1.04M	USD	Point-in-time
Common stock - $0.01 par value; 250,000,000 shares authorized; 103,696,962 shares issued at September 30, 2020; 103,622,563 shares issued at June 30, 2020	`CommonStockValue`	$1.04M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$495.00M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$497.03M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.24B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.29B	USD	Point-in-time
Less treasury stock at cost; 27,392,903 shares at September 30, 2020; 26,992,903 shares at June 30, 2020	`TreasuryStockValue`	$1.25B	USD	Point-in-time
Less treasury stock at cost; 27,392,903 shares at September 30, 2020; 26,992,903 shares at June 30, 2020	`TreasuryStockValue`	$1.18B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.48B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.55B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.54B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$2.34B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$2.43B	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
REVENUE	`RevenueFromContractWithCustomerExcludingAssessedTax`	$451.80M	USD	1 Quarter
REVENUE	`RevenueFromContractWithCustomerExcludingAssessedTax`	$438.00M	USD	1 Quarter
Cost of Revenue	`CostOfRevenue`	$262.93M	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`	$26.06M	USD	1 Quarter
Selling, General and Administrative	`SellingGeneralAndAdministrativeExpense`	$45.23M	USD	1 Quarter
Selling, General and Administrative	`SellingGeneralAndAdministrativeExpense`	$49.44M	USD	1 Quarter
Total Expenses	`CostsAndExpenses`	$319.82M	USD	1 Quarter
Total Expenses	`CostsAndExpenses`	$334.21M	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$117.59M	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$118.19M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$68.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$508.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$156.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$117.00K	USD	1 Quarter
Total Interest Income (Expense)	`InterestIncomeExpenseNet`	$352.00K	USD	1 Quarter
Total Interest Income (Expense)	`InterestIncomeExpenseNet`	$-49.00K	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$118.54M	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$117.54M	USD	1 Quarter
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$26.32M	USD	1 Quarter
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$29.17M	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$89.37M	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$91.22M	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$1.16	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$1.19	USD	1 Quarter
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	76.97M	shares	1 Quarter
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	76.51M	shares	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$1.19	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`	76.71M	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`	$91.22M	USD	1 Quarter
Depreciation	`Depreciation`	$12.71M	USD	1 Quarter
Depreciation	`Depreciation`	$13.39M	USD	1 Quarter
Amortization	`AdjustmentForAmortization`	$30.35M	USD	1 Quarter
Amortization	`AdjustmentForAmortization`	$29.38M	USD	1 Quarter
Change in deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-2.39M	USD	1 Quarter
Change in deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-2.36M	USD	1 Quarter
Expense for stock-based compensation	`ShareBasedCompensation`	$4.62M	USD	1 Quarter
Expense for stock-based compensation	`ShareBasedCompensation`	$2.85M	USD	1 Quarter
(Gain) Loss on Disposal of Assets	`GainLossOnDispositionOfAssets1`	$159.00K	USD	1 Quarter
(Gain) Loss on Disposal of Assets	`GainLossOnDispositionOfAssets1`	$-8.00K	USD	1 Quarter
Change in receivables	`IncreaseDecreaseInReceivables`	$-77.12M	USD	1 Quarter
Change in receivables	`IncreaseDecreaseInReceivables`	$-77.44M	USD	1 Quarter
Change in prepaid expenses, deferred costs and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$13.49M	USD	1 Quarter
Change in prepaid expenses, deferred costs and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$30.52M	USD	1 Quarter
Change in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-2.24M	USD	1 Quarter
Change in accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.86M	USD	1 Quarter
Change in accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-27.90M	USD	1 Quarter
Change in accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-35.27M	USD	1 Quarter
Change in income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$25.08M	USD	1 Quarter
Change in income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$23.00M	USD	1 Quarter
Change in deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$-68.94M	USD	1 Quarter
Change in deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$-67.11M	USD	1 Quarter
Net cash from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$123.05M	USD	1 Quarter
Net cash from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$114.48M	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`	$13.10M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.48M	USD	1 Quarter
Proceeds from completed and pending dispositions	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$6.12M	USD	1 Quarter
Proceeds from completed and pending dispositions	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$10.00K	USD	1 Quarter
Payments to Acquire Software	`PaymentsToAcquireSoftware`	$2.42M	USD	1 Quarter
Payments to Acquire Software	`PaymentsToAcquireSoftware`	$1.37M	USD	1 Quarter
Computer software developed	`PaymentsToDevelopSoftware`	$28.48M	USD	1 Quarter
Computer software developed	`PaymentsToDevelopSoftware`	$31.45M	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`	$-31.19M	USD	1 Quarter
Repayments on financing leases	`RepaymentsOfLongTermDebtAndCapitalSecurities`	-	USD	1 Quarter
Repayments on financing leases	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$28.00K	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$14.14M	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$65.87M	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$30.77M	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$32.81M	USD	1 Quarter
Tax withholding payments related to share based compensation	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$2.07M	USD	1 Quarter
Tax withholding payments related to share based compensation	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$5.50M	USD	1 Quarter
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$2.41M	USD	1 Quarter
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$2.91M	USD	1 Quarter
Net cash from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-101.31M	USD	1 Quarter
Net cash from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-44.58M	USD	1 Quarter
NET CHANGE IN CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$3.05M	USD	1 Quarter
NET CHANGE IN CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-18.02M	USD	1 Quarter
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$213.34M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$195.32M	USD	Point-in-time
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, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$213.34M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$195.32M	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

Stockholders Equity 10 line items

Line Item	Tag	Value	Unit	Period
Balance, beginning of period (value)	`StockholdersEquity`	$1.55B	USD	Point-in-time
Balance, beginning of period (value)	`StockholdersEquity`	$1.48B	USD	Point-in-time
Balance, beginning of period (value)	`StockholdersEquity`	$1.54B	USD	Point-in-time
Net Income	`NetIncomeLoss`	$91.22M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$89.37M	USD	1 Quarter
Balance, end of period (value)	`StockholdersEquity`	$1.55B	USD	Point-in-time
Balance, end of period (value)	`StockholdersEquity`	$1.48B	USD	Point-in-time
Balance, end of period (value)	`StockholdersEquity`	$1.54B	USD	Point-in-time
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.43	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.