$JKHY
JACK HENRY & ASSOCIATES INC

2014 Q1 Form 10-Q Financial Statement

#000077915214000022 Filed on May 07, 2014

View on sec.gov

Income Statement

Concept 2014 Q1 2013 Q1
Revenue $291.4M $281.5M
YoY Change 3.51% 9.85%
Cost Of Revenue $174.1M $167.0M
YoY Change 4.26% 9.18%
Gross Profit $117.4M $114.6M
YoY Change 2.43% 10.84%
Gross Profit Margin 40.27% 40.7%
Selling, General & Admin $35.35M $32.89M
YoY Change 7.49% 4.68%
% of Gross Profit 30.12% 28.7%
Research & Development $17.49M $16.00M
YoY Change 9.31% 3.39%
% of Gross Profit 14.9% 13.96%
Depreciation & Amortization $27.30M $26.20M
YoY Change 4.2% 13.42%
% of Gross Profit 23.26% 22.86%
Operating Expenses $52.83M $48.88M
YoY Change 8.09% 4.26%
Operating Profit $64.54M $65.71M
YoY Change -1.78% 16.31%
Interest Expense $262.0K $1.034M
YoY Change -74.66% -29.37%
% of Operating Profit 0.41% 1.57%
Other Income/Expense, Net
YoY Change
Pretax Income $64.36M $64.81M
YoY Change -0.69% 17.58%
Income Tax $21.76M $18.81M
% Of Pretax Income 33.8% 29.03%
Net Earnings $42.61M $46.00M
YoY Change -7.37% 25.48%
Net Earnings / Revenue 14.62% 16.34%
Basic Earnings Per Share $0.50 $0.53
Diluted Earnings Per Share $0.50 $0.53
COMMON SHARES
Basic Shares Outstanding 84.98M shares 86.12M shares
Diluted Shares Outstanding 85.47M shares 86.71M shares

Balance Sheet

Concept 2014 Q1 2013 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $52.20M $182.1M
YoY Change -71.33% 102.78%
Cash & Equivalents $52.24M $182.1M
Short-Term Investments
Other Short-Term Assets $85.70M $81.10M
YoY Change 5.67% 4.65%
Inventory
Prepaid Expenses $24.31M $23.04M
Receivables $140.0M $126.8M
Other Receivables $1.100M $2.800M
Total Short-Term Assets $279.0M $392.8M
YoY Change -28.97% 34.07%
LONG-TERM ASSETS
Property, Plant & Equipment $299.2M $291.3M
YoY Change 2.69% 6.67%
Goodwill $552.1M $533.3M
YoY Change 3.52% -0.04%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $35.38M $29.55M
YoY Change 19.72% 0.54%
Total Long-Term Assets $936.3M $879.3M
YoY Change 6.48% 0.16%
TOTAL ASSETS
Total Short-Term Assets $279.0M $392.8M
Total Long-Term Assets $936.3M $879.3M
Total Assets $1.514B $1.563B
YoY Change -3.13% 8.27%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $7.098M $11.33M
YoY Change -37.36% 10.7%
Accrued Expenses $58.14M $55.18M
YoY Change 5.35% 11.37%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $11.80M $37.60M
YoY Change -68.62% 31.47%
Total Short-Term Liabilities $254.4M $260.8M
YoY Change -2.43% 17.63%
LONG-TERM LIABILITIES
Long-Term Debt $3.600M $95.10M
YoY Change -96.21% -15.47%
Other Long-Term Liabilities $6.684M $5.476M
YoY Change 22.06% -52.04%
Total Long-Term Liabilities $145.5M $222.8M
YoY Change -34.7% -8.51%
TOTAL LIABILITIES
Total Short-Term Liabilities $254.4M $260.8M
Total Long-Term Liabilities $145.5M $222.8M
Total Liabilities $399.9M $483.6M
YoY Change -17.3% 3.95%
SHAREHOLDERS EQUITY
Retained Earnings $1.170B $1.042B
YoY Change 12.3% 14.42%
Common Stock $1.024M $1.019M
YoY Change 0.49% 0.59%
Preferred Stock
YoY Change
Treasury Stock (at cost) $465.1M $359.7M
YoY Change 29.28% 16.2%
Treasury Stock Shares 17.85M shares 15.85M shares
Shareholders Equity $1.115B $1.080B
YoY Change
Total Liabilities & Shareholders Equity $1.514B $1.563B
YoY Change -3.13% 8.27%

Cashflow Statement

Concept 2014 Q1 2013 Q1
OPERATING ACTIVITIES
Net Income $42.61M $46.00M
YoY Change -7.37% 25.48%
Depreciation, Depletion And Amortization $27.30M $26.20M
YoY Change 4.2% 13.42%
Cash From Operating Activities $30.10M $33.20M
YoY Change -9.34% 53.0%
INVESTING ACTIVITIES
Capital Expenditures -$25.70M -$23.60M
YoY Change 8.9% 32.58%
Acquisitions
YoY Change
Other Investing Activities -$25.30M $200.0K
YoY Change -12750.0% -81.82%
Cash From Investing Activities -$51.00M -$23.30M
YoY Change 118.88% 38.69%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -82.30M -20.80M
YoY Change 295.67% 98.1%
NET CHANGE
Cash From Operating Activities 30.10M 33.20M
Cash From Investing Activities -51.00M -23.30M
Cash From Financing Activities -82.30M -20.80M
Net Change In Cash -103.2M -10.90M
YoY Change 846.79% 94.64%
FREE CASH FLOW
Cash From Operating Activities $30.10M $33.20M
Capital Expenditures -$25.70M -$23.60M
Free Cash Flow $55.80M $56.80M
YoY Change -1.76% 43.8%

Facts In Submission

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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:6px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">RECENT ACCOUNTING PRONOUNCEMENTS</font></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">In July 2013, the FASB issued ASU No. 2013-11, Income Taxes. The amendments update guidance on the financial statement presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists. The provisions in this update were effective for the Company beginning January 1, 2014 and did not materially impact the financial statements.</font></div></div>
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dei Amendment Flag
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dei Current Fiscal Year End Date
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dei Document Fiscal Period Focus
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dei Document Fiscal Year Focus
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dei Document Period End Date
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dei Document Type
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dei Entity Central Index Key
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CY2014Q2 dei Entity Common Stock Shares Outstanding
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dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
HENRY JACK & ASSOCIATES INC

Files In Submission

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0000779152-14-000022-index.html Edgar Link pending
0000779152-14-000022.txt Edgar Link pending
0000779152-14-000022-xbrl.zip Edgar Link pending
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Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
jkhy-20140331.xml Edgar Link completed
jkhy-20140331.xsd Edgar Link pending
jkhy-20140331_cal.xml Edgar Link unprocessable
jkhy-20140331_def.xml Edgar Link unprocessable
jkhy-20140331_lab.xml Edgar Link unprocessable
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