10-Q Filing

JACK HENRY & ASSOCIATES INC CIK: 779152 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0000779152-22-000103`
Period End Date	20220930
Filing Date	20221109
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	jkhy-20220930_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 83 Income Statement 32 Cash Flow Statement 60 Stockholders Equity 10

Balance Sheet 83 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$31.97M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$48.79M	USD	Point-in-time
Receivables, net	`AccountsReceivableNetCurrent`	$247.54M	USD	Point-in-time
Receivables, net	`AccountsReceivableNetCurrent`	$348.07M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	-	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$13.82M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$125.54M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$134.54M	USD	Point-in-time
Deferred costs	`DeferredCostsCurrent`	$57.10M	USD	Point-in-time
Deferred costs	`DeferredCostsCurrent`	$71.05M	USD	Point-in-time
Assets Held-for-sale	`AssetsHeldForSaleNotPartOfDisposalGroupCurrent`	$20.20M	USD	Point-in-time
Assets Held-for-sale	`AssetsHeldForSaleNotPartOfDisposalGroupCurrent`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$485.10M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$613.52M	USD	Point-in-time
PROPERTY AND EQUIPMENT, net	`PropertyPlantAndEquipmentNet`	$211.71M	USD	Point-in-time
PROPERTY AND EQUIPMENT, net	`PropertyPlantAndEquipmentNet`	$208.31M	USD	Point-in-time
Non-current deferred costs	`DeferredCosts`	$148.44M	USD	Point-in-time
Non-current deferred costs	`DeferredCosts`	$143.75M	USD	Point-in-time
Computer software, net of amortization	`CapitalizedComputerSoftwareNet`	$410.96M	USD	Point-in-time
Computer software, net of amortization	`CapitalizedComputerSoftwareNet`	$534.49M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$300.92M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$293.53M	USD	Point-in-time
Other intangible assets, net of amortization	`OtherIntangibleAssetsNet`	$25.14M	USD	Point-in-time
Other intangible assets, net of amortization	`OtherIntangibleAssetsNet`	$24.56M	USD	Point-in-time
Goodwill	`Goodwill`	$687.46M	USD	Point-in-time
Goodwill	`Goodwill`	$804.15M	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$1.89B	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$1.63B	USD	Point-in-time
Total assets	`Assets`	$2.58B	USD	Point-in-time
Total assets	`Assets`	$2.46B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$20.45M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$21.03M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$147.68M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$192.04M	USD	Point-in-time
Accrued income taxes	`AccruedIncomeTaxesCurrent`	-	USD	Point-in-time
Accrued income taxes	`AccruedIncomeTaxesCurrent`	$27.39M	USD	Point-in-time
Notes payable and current maturities of long-term debt	`NotesPayableCurrent`	$67.00K	USD	Point-in-time
Notes payable and current maturities of long-term debt	`NotesPayableCurrent`	$41.00K	USD	Point-in-time
Deferred revenues	`ContractWithCustomerLiabilityCurrent`	$274.77M	USD	Point-in-time
Deferred revenues	`ContractWithCustomerLiabilityCurrent`	$330.69M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$543.83M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$470.33M	USD	Point-in-time
Non-current deferred revenues	`ContractWithCustomerLiabilityNoncurrent`	$70.37M	USD	Point-in-time
Non-current deferred revenues	`ContractWithCustomerLiabilityNoncurrent`	$71.48M	USD	Point-in-time
Deferred income tax liability	`DeferredIncomeTaxLiabilitiesNet`	$292.63M	USD	Point-in-time
Deferred income tax liability	`DeferredIncomeTaxLiabilitiesNet`	$280.29M	USD	Point-in-time
Debt, net of current maturities	`LongTermDebtAndCapitalLeaseObligations`	$115.00M	USD	Point-in-time
Debt, net of current maturities	`LongTermDebtAndCapitalLeaseObligations`	$245.00M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$51.33M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$51.00M	USD	Point-in-time
Total long term liabilities	`LiabilitiesNoncurrent`	$530.11M	USD	Point-in-time
Total long term liabilities	`LiabilitiesNoncurrent`	$646.99M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.07B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.12B	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	500,000.00	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	500,000.00	shares	Point-in-time
Preferred stock, issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, issued	`PreferredStockSharesIssued`	0.00	shares	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, 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`	103.95M	shares	Point-in-time
Common stock, issued shares	`CommonStockSharesIssued`	103.92M	shares	Point-in-time
Common stock - $0.01 par value; 250,000,000 shares authorized; 103,953,128 shares issued at September 30, 2022; 103,921,724 shares issued at June 30, 2022	`CommonStockValue`	$1.04M	USD	Point-in-time
Common stock - $0.01 par value; 250,000,000 shares authorized; 103,953,128 shares issued at September 30, 2022; 103,921,724 shares issued at June 30, 2022	`CommonStockValue`	$1.04M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$551.36M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$560.03M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.64B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.71B	USD	Point-in-time
Treasury Stock, Shares	`TreasuryStockShares`	31.04M	shares	Point-in-time
Treasury Stock, Shares	`TreasuryStockShares`	31.04M	shares	Point-in-time
Less treasury stock at cost; 31,042,903 shares at September 30, 2022; 31,042,903 shares at June 30, 2022	`TreasuryStockValue`	$1.81B	USD	Point-in-time
Less treasury stock at cost; 31,042,903 shares at September 30, 2022; 31,042,903 shares at June 30, 2022	`TreasuryStockValue`	$1.81B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.46B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.40B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.38B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$2.58B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$2.46B	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
REVENUE	`RevenueFromContractWithCustomerExcludingAssessedTax`	$529.20M	USD	1 Quarter
REVENUE	`RevenueFromContractWithCustomerExcludingAssessedTax`	$488.06M	USD	1 Quarter
Cost of Revenue	`CostOfRevenue`	$276.64M	USD	1 Quarter
Cost of Revenue	`CostOfRevenue`	$298.26M	USD	1 Quarter
Research and Development	`ResearchAndDevelopmentExpense`	$32.99M	USD	1 Quarter
Research and Development	`ResearchAndDevelopmentExpense`	$26.75M	USD	1 Quarter
Selling, General and Administrative	`SellingGeneralAndAdministrativeExpense`	$57.23M	USD	1 Quarter
Selling, General and Administrative	`SellingGeneralAndAdministrativeExpense`	$51.07M	USD	1 Quarter
Total Expenses	`CostsAndExpenses`	$388.48M	USD	1 Quarter
Total Expenses	`CostsAndExpenses`	$354.46M	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$140.72M	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$133.59M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$7.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$152.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$1.58M	USD	1 Quarter
Interest expense	`InterestExpense`	$248.00K	USD	1 Quarter
Total Interest Income (Expense)	`InterestIncomeExpenseNet`	$-1.42M	USD	1 Quarter
Total Interest Income (Expense)	`InterestIncomeExpenseNet`	$-241.00K	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$139.30M	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$133.35M	USD	1 Quarter
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$31.24M	USD	1 Quarter
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$32.75M	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$102.11M	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$106.55M	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$1.46	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$1.38	USD	1 Quarter
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	74.02M	shares	1 Quarter
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	72.90M	shares	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$1.46	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$1.38	USD	1 Quarter
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	74.14M	shares	1 Quarter
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	73.14M	shares	1 Quarter

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net Income	`ProfitLoss`	$102.11M	USD	1 Quarter
Net Income	`ProfitLoss`	$106.55M	USD	1 Quarter
Depreciation	`Depreciation`	$12.42M	USD	1 Quarter
Depreciation	`Depreciation`	$13.16M	USD	1 Quarter
Amortization	`AdjustmentForAmortization`	$33.19M	USD	1 Quarter
Amortization	`AdjustmentForAmortization`	$31.02M	USD	1 Quarter
Change in deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$12.35M	USD	1 Quarter
Change in deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-6.09M	USD	1 Quarter
Expense for stock-based compensation	`ShareBasedCompensation`	$6.07M	USD	1 Quarter
Expense for stock-based compensation	`ShareBasedCompensation`	$7.00M	USD	1 Quarter
(Gain) Loss on Disposal of Assets	`GainLossOnDispositionOfAssets1`	$-166.00K	USD	1 Quarter
(Gain) Loss on Disposal of Assets	`GainLossOnDispositionOfAssets1`	$6.12M	USD	1 Quarter
Change in receivables	`IncreaseDecreaseInReceivables`	$-101.51M	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`	$34.74M	USD	1 Quarter
Change in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-2.17M	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`	$-45.27M	USD	1 Quarter
Change in income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$41.94M	USD	1 Quarter
Change in income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$9.91M	USD	1 Quarter
Change in deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$-60.66M	USD	1 Quarter
Change in deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$-65.13M	USD	1 Quarter
Net cash from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$136.83M	USD	1 Quarter
Net cash from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$106.55M	USD	1 Quarter
Payment for acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$228.99M	USD	1 Quarter
Payment for acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$9.27M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$7.74M	USD	1 Quarter
Proceeds from dispositions	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$14.00K	USD	1 Quarter
Proceeds from dispositions	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$26.25M	USD	1 Quarter
Purchased Software	`PaymentsToAcquireSoftware`	$1.22M	USD	1 Quarter
Purchased Software	`PaymentsToAcquireSoftware`	$408.00K	USD	1 Quarter
Computer software developed	`PaymentsToDevelopSoftware`	$38.72M	USD	1 Quarter
Computer software developed	`PaymentsToDevelopSoftware`	$35.97M	USD	1 Quarter
Net cash from investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-249.59M	USD	1 Quarter
Net cash from investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-46.45M	USD	1 Quarter
Borrowings on credit facilities	`ProceedsFromLongTermLinesOfCredit`	-	USD	1 Quarter
Borrowings on credit facilities	`ProceedsFromLongTermLinesOfCredit`	$280.00M	USD	1 Quarter
Repayments on financing leases	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$35.03M	USD	1 Quarter
Repayments on financing leases	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$150.02M	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$35.71M	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$34.04M	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`	$1.56M	USD	1 Quarter
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$3.23M	USD	1 Quarter
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$3.18M	USD	1 Quarter
Net cash from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$95.95M	USD	1 Quarter
Net cash from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-66.84M	USD	1 Quarter
NET CHANGE IN CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-6.74M	USD	1 Quarter
NET CHANGE IN CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-16.82M	USD	1 Quarter
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$31.97M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$50.99M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$44.25M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$48.79M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$50.99M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$44.25M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$31.97M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$48.79M	USD	Point-in-time

Stockholders Equity 10 line items

Line Item	Tag	Value	Unit	Period
Balance, beginning of period (value)	`StockholdersEquity`	$1.40B	USD	Point-in-time
Balance, beginning of period (value)	`StockholdersEquity`	$1.46B	USD	Point-in-time
Balance, beginning of period (value)	`StockholdersEquity`	$1.38B	USD	Point-in-time
Net Income	`NetIncomeLoss`	$106.55M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$102.11M	USD	1 Quarter
Balance, end of period (value)	`StockholdersEquity`	$1.40B	USD	Point-in-time
Balance, end of period (value)	`StockholdersEquity`	$1.46B	USD	Point-in-time
Balance, end of period (value)	`StockholdersEquity`	$1.38B	USD	Point-in-time
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.49	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.