10-Q Filing

JACK HENRY & ASSOCIATES INC CIK: 779152 Q1 2024

Filing Information

Form Type	10-Q
Accession Number	`0000779152-23-000099`
Period End Date	20230930
Filing Date	20231109
Fiscal Year	2024
Fiscal Period	Q1
XBRL Instance	jkhy-20230930_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 79 Income Statement 32 Cash Flow Statement 62 Stockholders Equity 10

Balance Sheet 79 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$31.47M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$12.24M	USD	Point-in-time
Receivables, net	`AccountsReceivableNetCurrent`	$288.73M	USD	Point-in-time
Receivables, net	`AccountsReceivableNetCurrent`	$361.25M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$7.52M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	-	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$169.18M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$163.67M	USD	Point-in-time
Deferred costs	`DeferredCostsCurrent`	$79.63M	USD	Point-in-time
Deferred costs	`DeferredCostsCurrent`	$77.77M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$627.96M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$563.50M	USD	Point-in-time
PROPERTY AND EQUIPMENT, net	`PropertyPlantAndEquipmentNet`	$202.85M	USD	Point-in-time
PROPERTY AND EQUIPMENT, net	`PropertyPlantAndEquipmentNet`	$205.66M	USD	Point-in-time
Non-current deferred costs	`DeferredCosts`	$170.34M	USD	Point-in-time
Non-current deferred costs	`DeferredCosts`	$161.47M	USD	Point-in-time
Computer software, net of amortization	`CapitalizedComputerSoftwareNet`	$574.14M	USD	Point-in-time
Computer software, net of amortization	`CapitalizedComputerSoftwareNet`	$565.71M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$334.82M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$322.70M	USD	Point-in-time
Other intangible assets, net of amortization	`OtherIntangibleAssetsNet`	$20.44M	USD	Point-in-time
Other intangible assets, net of amortization	`OtherIntangibleAssetsNet`	$20.00M	USD	Point-in-time
Goodwill	`Goodwill`	$804.80M	USD	Point-in-time
Goodwill	`Goodwill`	$804.80M	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$1.97B	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$1.94B	USD	Point-in-time
Total assets	`Assets`	$2.77B	USD	Point-in-time
Total assets	`Assets`	$2.73B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$20.29M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$19.16M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$157.94M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$172.63M	USD	Point-in-time
Accrued income taxes	`AccruedIncomeTaxesCurrent`	-	USD	Point-in-time
Accrued income taxes	`AccruedIncomeTaxesCurrent`	$30.68M	USD	Point-in-time
Deferred revenues	`ContractWithCustomerLiabilityCurrent`	$331.97M	USD	Point-in-time
Deferred revenues	`ContractWithCustomerLiabilityCurrent`	$261.66M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$470.56M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$523.76M	USD	Point-in-time
Non-current deferred revenues	`ContractWithCustomerLiabilityNoncurrent`	$71.75M	USD	Point-in-time
Non-current deferred revenues	`ContractWithCustomerLiabilityNoncurrent`	$67.75M	USD	Point-in-time
Deferred income tax liability	`DeferredIncomeTaxLiabilitiesNet`	$234.25M	USD	Point-in-time
Deferred income tax liability	`DeferredIncomeTaxLiabilitiesNet`	$244.43M	USD	Point-in-time
Debt, net of current maturities	`LongTermDebtAndCapitalLeaseObligations`	$245.00M	USD	Point-in-time
Debt, net of current maturities	`LongTermDebtAndCapitalLeaseObligations`	$275.00M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$54.37M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$52.70M	USD	Point-in-time
Total long term liabilities	`LiabilitiesNoncurrent`	$603.71M	USD	Point-in-time
Total long term liabilities	`LiabilitiesNoncurrent`	$641.56M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.17B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.07B	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`	104.09M	shares	Point-in-time
Common stock, issued shares	`CommonStockSharesIssued`	104.14M	shares	Point-in-time
Common stock - $0.01 par value; 250,000,000 shares authorized; 104,144,549 shares issued at September 30, 2023; 104,088,784 shares issued at June 30, 2023	`CommonStockValue`	$1.04M	USD	Point-in-time
Common stock - $0.01 par value; 250,000,000 shares authorized; 104,144,549 shares issued at September 30, 2023; 104,088,784 shares issued at June 30, 2023	`CommonStockValue`	$1.04M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$583.84M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$591.46M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.86B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.92B	USD	Point-in-time
Treasury Stock, Common, Shares	`TreasuryStockCommonShares`	31.19M	shares	Point-in-time
Treasury Stock, Common, Shares	`TreasuryStockCommonShares`	31.32M	shares	Point-in-time
Less treasury stock at cost; 31,323,119 shares at September 30, 2023; 31,194,351 shares at June 30, 2023	`TreasuryStockValue`	$1.85B	USD	Point-in-time
Less treasury stock at cost; 31,323,119 shares at September 30, 2023; 31,194,351 shares at June 30, 2023	`TreasuryStockValue`	$1.83B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.61B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.66B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.46B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$2.73B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$2.77B	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$571.37M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$529.20M	USD	1 Quarter
Cost of Revenue	`CostOfRevenue`	$323.00M	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`	$36.89M	USD	1 Quarter
Selling, General, and Administrative	`SellingGeneralAndAdministrativeExpense`	$78.77M	USD	1 Quarter
Selling, General, and Administrative	`SellingGeneralAndAdministrativeExpense`	$57.23M	USD	1 Quarter
Total Expenses	`CostsAndExpenses`	$438.67M	USD	1 Quarter
Total Expenses	`CostsAndExpenses`	$388.48M	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$132.70M	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$140.72M	USD	1 Quarter
Interest Income	`InvestmentIncomeInterest`	$152.00K	USD	1 Quarter
Interest Income	`InvestmentIncomeInterest`	$4.75M	USD	1 Quarter
Interest Expense	`InterestExpense`	$1.58M	USD	1 Quarter
Interest Expense	`InterestExpense`	$4.20M	USD	1 Quarter
Total Interest Income (Expense)	`InterestIncomeExpenseNet`	$548.00K	USD	1 Quarter
Total Interest Income (Expense)	`InterestIncomeExpenseNet`	$-1.42M	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$139.30M	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$133.25M	USD	1 Quarter
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$31.57M	USD	1 Quarter
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$32.75M	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$106.55M	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$101.68M	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$1.40	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$1.46	USD	1 Quarter
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	72.90M	shares	1 Quarter
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	72.87M	shares	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$1.39	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$1.46	USD	1 Quarter
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	73.01M	shares	1 Quarter
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	73.14M	shares	1 Quarter

Cash Flow Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net Income	`ProfitLoss`	$101.68M	USD	1 Quarter
Net Income	`ProfitLoss`	$106.55M	USD	1 Quarter
Depreciation	`Depreciation`	$12.05M	USD	1 Quarter
Depreciation	`Depreciation`	$12.42M	USD	1 Quarter
Amortization	`AdjustmentForAmortization`	$33.19M	USD	1 Quarter
Amortization	`AdjustmentForAmortization`	$37.18M	USD	1 Quarter
Change in deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$12.35M	USD	1 Quarter
Change in deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$10.18M	USD	1 Quarter
Expense for stock-based compensation	`ShareBasedCompensation`	$7.15M	USD	1 Quarter
Expense for stock-based compensation	`ShareBasedCompensation`	$7.00M	USD	1 Quarter
(Gain)/loss on disposal of assets	`GainLossOnDispositionOfAssets1`	$111.00K	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`	$-72.52M	USD	1 Quarter
Change in prepaid expenses, deferred costs and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$34.74M	USD	1 Quarter
Change in prepaid expenses, deferred costs and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$17.36M	USD	1 Quarter
Change in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.23M	USD	1 Quarter
Change in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-2.17M	USD	1 Quarter
Change in accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-45.27M	USD	1 Quarter
Change in accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-17.29M	USD	1 Quarter
Change in income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$39.04M	USD	1 Quarter
Change in income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$41.94M	USD	1 Quarter
Change in deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$-66.32M	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`	$157.14M	USD	1 Quarter
Payment for acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	1 Quarter
Payment for acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$228.99M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$7.74M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$7.61M	USD	1 Quarter
Proceeds from dispositions	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$26.25M	USD	1 Quarter
Proceeds from dispositions	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$852.00K	USD	1 Quarter
Purchased software	`PaymentsToAcquireSoftware`	$2.28M	USD	1 Quarter
Purchased software	`PaymentsToAcquireSoftware`	$408.00K	USD	1 Quarter
Computer software developed	`PaymentsToDevelopSoftware`	$41.49M	USD	1 Quarter
Computer software developed	`PaymentsToDevelopSoftware`	$38.72M	USD	1 Quarter
Net cash from investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-249.59M	USD	1 Quarter
Net cash from investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-50.53M	USD	1 Quarter
Borrowings on credit facilities	`ProceedsFromLongTermLinesOfCredit`	$135.00M	USD	1 Quarter
Borrowings on credit facilities	`ProceedsFromLongTermLinesOfCredit`	$280.00M	USD	1 Quarter
Repayments on credit facilities and financing leases	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$165.00M	USD	1 Quarter
Repayments on credit facilities and financing leases	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$150.02M	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$20.00M	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$37.86M	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$35.71M	USD	1 Quarter
Tax withholding payments related to share-based compensation	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$2.94M	USD	1 Quarter
Tax withholding payments related to share-based compensation	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.56M	USD	1 Quarter
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$3.42M	USD	1 Quarter
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$3.23M	USD	1 Quarter
Net cash from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$95.95M	USD	1 Quarter
Net cash from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-87.39M	USD	1 Quarter
NET CHANGE IN CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$19.22M	USD	1 Quarter
NET CHANGE IN CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-16.82M	USD	1 Quarter
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$12.24M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$31.47M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$31.97M	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`	$12.24M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$31.47M	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`	$1.61B	USD	Point-in-time
Balance, beginning of period (value)	`StockholdersEquity`	$1.66B	USD	Point-in-time
Balance, beginning of period (value)	`StockholdersEquity`	$1.46B	USD	Point-in-time
Net Income	`NetIncomeLoss`	$101.68M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$106.55M	USD	1 Quarter
Balance, end of period (value)	`StockholdersEquity`	$1.61B	USD	Point-in-time
Balance, end of period (value)	`StockholdersEquity`	$1.66B	USD	Point-in-time
Balance, end of period (value)	`StockholdersEquity`	$1.46B	USD	Point-in-time
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.52	USD	1 Quarter
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.49	USD	1 Quarter

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