10-Q Filing

JACK HENRY & ASSOCIATES INC CIK: 779152 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0000779152-21-000099`
Period End Date	20210930
Filing Date	20211109
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	jkhy-20210930_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 81 Income Statement 32 Cash Flow Statement 58 Stockholders Equity 10

Balance Sheet 81 line items

Line Item	Tag	Value	Unit	Period
Preferred Stock, Par or Stated Value Per Share	`PreferredStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Preferred Stock, Par or Stated Value Per Share	`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`	103.82M	shares	Point-in-time
Common stock, issued shares	`CommonStockSharesIssued`	103.80M	shares	Point-in-time
Treasury Stock, Shares	`TreasuryStockShares`	29.79M	shares	Point-in-time
Treasury Stock, Shares	`TreasuryStockShares`	29.79M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$213.34M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$50.99M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$195.32M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$44.25M	USD	Point-in-time
Receivables, net	`AccountsReceivableNetCurrent`	$253.16M	USD	Point-in-time
Receivables, net	`AccountsReceivableNetCurrent`	$306.56M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$20.83M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$30.24M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$111.29M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$109.72M	USD	Point-in-time
Deferred costs	`DeferredCostsCurrent`	$61.43M	USD	Point-in-time
Deferred costs	`DeferredCostsCurrent`	$46.22M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$490.96M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$543.74M	USD	Point-in-time
PROPERTY AND EQUIPMENT, net	`PropertyPlantAndEquipmentNet`	$252.48M	USD	Point-in-time
PROPERTY AND EQUIPMENT, net	`PropertyPlantAndEquipmentNet`	$241.16M	USD	Point-in-time
Non-current deferred costs	`DeferredCosts`	$127.20M	USD	Point-in-time
Non-current deferred costs	`DeferredCosts`	$131.00M	USD	Point-in-time
Computer software, net of amortization	`CapitalizedComputerSoftwareNet`	$377.78M	USD	Point-in-time
Computer software, net of amortization	`CapitalizedComputerSoftwareNet`	$368.09M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$248.92M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$249.21M	USD	Point-in-time
Other intangible assets, net of amortization	`OtherIntangibleAssetsNet`	$25.03M	USD	Point-in-time
Other intangible assets, net of amortization	`OtherIntangibleAssetsNet`	$26.13M	USD	Point-in-time
Goodwill	`Goodwill`	$687.46M	USD	Point-in-time
Goodwill	`Goodwill`	$687.46M	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$1.54B	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$1.55B	USD	Point-in-time
Total assets	`Assets`	$2.28B	USD	Point-in-time
Total assets	`Assets`	$2.34B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$18.48M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$14.02M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$147.07M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$182.52M	USD	Point-in-time
Notes payable and current maturities of long-term debt	`NotesPayableCurrent`	$110.00K	USD	Point-in-time
Notes payable and current maturities of long-term debt	`NotesPayableCurrent`	$110.00K	USD	Point-in-time
Deferred revenues	`ContractWithCustomerLiabilityCurrent`	$268.84M	USD	Point-in-time
Deferred revenues	`ContractWithCustomerLiabilityCurrent`	$319.75M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$430.04M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$520.86M	USD	Point-in-time
Non-current deferred revenues	`ContractWithCustomerLiabilityNoncurrent`	$66.10M	USD	Point-in-time
Non-current deferred revenues	`ContractWithCustomerLiabilityNoncurrent`	$75.85M	USD	Point-in-time
Deferred income tax liability	`DeferredIncomeTaxLiabilitiesNet`	$266.85M	USD	Point-in-time
Deferred income tax liability	`DeferredIncomeTaxLiabilitiesNet`	$260.76M	USD	Point-in-time
Debt, net of current maturities	`LongTermDebtAndCapitalLeaseObligations`	$65.06M	USD	Point-in-time
Debt, net of current maturities	`LongTermDebtAndCapitalLeaseObligations`	$100.08M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$59.31M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$57.21M	USD	Point-in-time
Total long term liabilities	`LiabilitiesNoncurrent`	$496.00M	USD	Point-in-time
Total long term liabilities	`LiabilitiesNoncurrent`	$455.21M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.02B	USD	Point-in-time
Total liabilities	`Liabilities`	$885.25M	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; 103,822,265 shares issued at September 30, 2021; 103,795,169 shares issued at June 30, 2021	`CommonStockValue`	$1.04M	USD	Point-in-time
Common stock - $0.01 par value; 250,000,000 shares authorized; 103,822,265 shares issued at September 30, 2021; 103,795,169 shares issued at June 30, 2021	`CommonStockValue`	$1.04M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$527.25M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$518.96M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.48B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.41B	USD	Point-in-time
Less treasury stock at cost; 29,792,903 shares at September 30, 2021; 29,792,903 shares at June 30, 2021	`TreasuryStockValue`	$1.61B	USD	Point-in-time
Less treasury stock at cost; 29,792,903 shares at September 30, 2021; 29,792,903 shares at June 30, 2021	`TreasuryStockValue`	$1.61B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.54B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.32B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.40B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$2.34B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$2.28B	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
REVENUE	`RevenueFromContractWithCustomerExcludingAssessedTax`	$451.80M	USD	1 Quarter
REVENUE	`RevenueFromContractWithCustomerExcludingAssessedTax`	$488.06M	USD	1 Quarter
Cost of Revenue	`CostOfRevenue`	$262.93M	USD	1 Quarter
Cost of Revenue	`CostOfRevenue`	$276.64M	USD	1 Quarter
Research and Development	`ResearchAndDevelopmentExpense`	$26.06M	USD	1 Quarter
Research and Development	`ResearchAndDevelopmentExpense`	$26.75M	USD	1 Quarter
Selling, General and Administrative	`SellingGeneralAndAdministrativeExpense`	$51.07M	USD	1 Quarter
Selling, General and Administrative	`SellingGeneralAndAdministrativeExpense`	$45.23M	USD	1 Quarter
Total Expenses	`CostsAndExpenses`	$334.21M	USD	1 Quarter
Total Expenses	`CostsAndExpenses`	$354.46M	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$133.59M	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$117.59M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$68.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$7.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$117.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$248.00K	USD	1 Quarter
Total Interest Income (Expense)	`InterestIncomeExpenseNet`	$-49.00K	USD	1 Quarter
Total Interest Income (Expense)	`InterestIncomeExpenseNet`	$-241.00K	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$133.35M	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$117.54M	USD	1 Quarter
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$26.32M	USD	1 Quarter
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$31.24M	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$91.22M	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$102.11M	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$1.38	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$1.19	USD	1 Quarter
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	76.51M	shares	1 Quarter
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	74.02M	shares	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$1.19	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$1.38	USD	1 Quarter
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	76.71M	shares	1 Quarter
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	74.14M	shares	1 Quarter

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net Income	`ProfitLoss`	$91.22M	USD	1 Quarter
Net Income	`ProfitLoss`	$102.11M	USD	1 Quarter
Depreciation	`Depreciation`	$13.39M	USD	1 Quarter
Depreciation	`Depreciation`	$13.16M	USD	1 Quarter
Amortization	`AdjustmentForAmortization`	$30.35M	USD	1 Quarter
Amortization	`AdjustmentForAmortization`	$31.02M	USD	1 Quarter
Change in deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-6.09M	USD	1 Quarter
Change in deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-2.39M	USD	1 Quarter
Expense for stock-based compensation	`ShareBasedCompensation`	$4.62M	USD	1 Quarter
Expense for stock-based compensation	`ShareBasedCompensation`	$6.07M	USD	1 Quarter
(Gain) Loss on Disposal of Assets	`GainLossOnDispositionOfAssets1`	$-166.00K	USD	1 Quarter
(Gain) Loss on Disposal of Assets	`GainLossOnDispositionOfAssets1`	$159.00K	USD	1 Quarter
Change in receivables	`IncreaseDecreaseInReceivables`	$-77.44M	USD	1 Quarter
Change in receivables	`IncreaseDecreaseInReceivables`	$-53.40M	USD	1 Quarter
Change in prepaid expenses, deferred costs and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$20.34M	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`	$2.86M	USD	1 Quarter
Change in accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-37.23M	USD	1 Quarter
Change in accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-27.90M	USD	1 Quarter
Change in income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$9.91M	USD	1 Quarter
Change in income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$23.00M	USD	1 Quarter
Change in deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$-60.66M	USD	1 Quarter
Change in deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$-67.11M	USD	1 Quarter
Net cash from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$114.48M	USD	1 Quarter
Net cash from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$106.55M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.48M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$9.27M	USD	1 Quarter
Proceeds from dispositions	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$14.00K	USD	1 Quarter
Proceeds from dispositions	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$6.12M	USD	1 Quarter
Purchased Software	`PaymentsToAcquireSoftware`	$1.22M	USD	1 Quarter
Purchased Software	`PaymentsToAcquireSoftware`	$1.37M	USD	1 Quarter
Computer software developed	`PaymentsToDevelopSoftware`	$31.45M	USD	1 Quarter
Computer software developed	`PaymentsToDevelopSoftware`	$35.97M	USD	1 Quarter
Net cash from investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-31.19M	USD	1 Quarter
Net cash from investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-46.45M	USD	1 Quarter
Repayments on credit facilities and financing leases	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$28.00K	USD	1 Quarter
Repayments on credit facilities and financing leases	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$35.03M	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$65.87M	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$34.04M	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$32.81M	USD	1 Quarter
Tax withholding payments related to share based compensation	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$953.00K	USD	1 Quarter
Tax withholding payments related to share based compensation	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$5.50M	USD	1 Quarter
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$3.18M	USD	1 Quarter
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$2.91M	USD	1 Quarter
Net cash from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-66.84M	USD	1 Quarter
Net cash from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-101.31M	USD	1 Quarter
NET CHANGE IN CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-18.02M	USD	1 Quarter
NET CHANGE IN CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-6.74M	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`	$50.99M	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`	$44.25M	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`	$213.34M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$50.99M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$44.25M	USD	Point-in-time

Stockholders Equity 10 line items

Line Item	Tag	Value	Unit	Period
Balance, beginning of period	`StockholdersEquity`	$1.54B	USD	Point-in-time
Balance, beginning of period	`StockholdersEquity`	$1.32B	USD	Point-in-time
Balance, beginning of period	`StockholdersEquity`	$1.40B	USD	Point-in-time
Net Income	`NetIncomeLoss`	$102.11M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$91.22M	USD	1 Quarter
Balance, end of period	`StockholdersEquity`	$1.54B	USD	Point-in-time
Balance, end of period	`StockholdersEquity`	$1.32B	USD	Point-in-time
Balance, end of period	`StockholdersEquity`	$1.40B	USD	Point-in-time
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.43	USD	1 Quarter
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.46	USD	1 Quarter

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