2024 Q2 Form 10-Q Financial Statement

#000077915224000033 Filed on May 09, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $559.9M $538.6M
YoY Change 4.73% 5.9%
Cost Of Revenue $327.3M $328.2M
YoY Change 5.96% 6.79%
Gross Profit $232.6M $210.3M
YoY Change 3.04% 4.54%
Gross Profit Margin 41.55% 39.06%
Selling, General & Admin $67.12M $62.25M
YoY Change 6.43% 6.97%
% of Gross Profit 28.85% 29.59%
Research & Development $39.89M $35.99M
YoY Change 3.62% 3.95%
% of Gross Profit 17.15% 17.11%
Depreciation & Amortization $50.69M $50.08M
YoY Change 4.78% 2.97%
% of Gross Profit 21.79% 23.81%
Operating Expenses $107.0M $98.24M
YoY Change 5.36% 5.84%
Operating Profit $125.6M $112.1M
YoY Change 1.15% 3.42%
Interest Expense $4.758M $2.066M
YoY Change -2018.55% -190.81%
% of Operating Profit 3.79% 1.84%
Other Income/Expense, Net
YoY Change
Pretax Income $130.4M $114.2M
YoY Change 5.19% 7.59%
Income Tax $29.31M $27.07M
% Of Pretax Income 22.48% 23.71%
Net Earnings $101.1M $87.10M
YoY Change 3.38% 6.81%
Net Earnings / Revenue 18.05% 16.17%
Basic Earnings Per Share $1.20
Diluted Earnings Per Share $1.38 $1.19
COMMON SHARES
Basic Shares Outstanding 72.90M shares 72.87M shares
Diluted Shares Outstanding 73.03M shares

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $38.28M $27.25M
YoY Change 212.7% 2.64%
Cash & Equivalents $38.28M $27.25M
Short-Term Investments
Other Short-Term Assets $220.9M $203.7M
YoY Change 0.32% 3.14%
Inventory
Prepaid Expenses
Receivables $333.0M $263.4M
Other Receivables $6.149M $0.00
Total Short-Term Assets $632.0M $522.6M
YoY Change 0.65% 7.04%
LONG-TERM ASSETS
Property, Plant & Equipment $215.1M $215.7M
YoY Change 4.57% 7.98%
Goodwill $804.8M $804.8M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments $25.75M $18.25M
YoY Change
Other Assets $417.6M $383.5M
YoY Change 29.42% 22.74%
Total Long-Term Assets $2.077B $2.032B
YoY Change 7.07% 5.87%
TOTAL ASSETS
Total Short-Term Assets $632.0M $522.6M
Total Long-Term Assets $2.077B $2.032B
Total Assets $2.924B $2.770B
YoY Change 5.43% 6.25%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $25.31M $26.90M
YoY Change 32.15% 95.1%
Accrued Expenses $200.8M $180.3M
YoY Change 16.3% 20.21%
Deferred Revenue $317.7M $147.3M
YoY Change -4.29% -6.02%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $90.00M
YoY Change
Total Short-Term Liabilities $633.8M $375.0M
YoY Change 21.01% 17.0%
LONG-TERM LIABILITIES
Long-Term Debt $60.00M $250.0M
YoY Change -78.18% -33.33%
Other Long-Term Liabilities $73.58M $69.80M
YoY Change 35.33% 45.16%
Total Long-Term Liabilities $448.3M $615.5M
YoY Change -30.12% -17.79%
TOTAL LIABILITIES
Total Short-Term Liabilities $633.8M $375.0M
Total Long-Term Liabilities $448.3M $615.5M
Total Liabilities $1.082B $990.6M
YoY Change -7.14% -7.36%
SHAREHOLDERS EQUITY
Retained Earnings $3.082B $3.021B
YoY Change 7.91% 8.04%
Common Stock $1.042M $1.042M
YoY Change 0.1% 0.19%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.860B $1.852B
YoY Change 1.53% 1.09%
Treasury Stock Shares
Shareholders Equity $1.842B $1.780B
YoY Change
Total Liabilities & Shareholders Equity $2.924B $2.770B
YoY Change 5.43% 6.25%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income $101.1M $87.10M
YoY Change 3.38% 6.81%
Depreciation, Depletion And Amortization $50.69M $50.08M
YoY Change 4.78% 2.97%
Cash From Operating Activities $231.8M $97.57M
YoY Change 32.81% 497.86%
INVESTING ACTIVITIES
Capital Expenditures $68.16M $53.42M
YoY Change 25.84% 0.1%
Acquisitions
YoY Change
Other Investing Activities -$7.496M -$124.0K
YoY Change -13981.48% -87.6%
Cash From Investing Activities -$75.66M -$53.55M
YoY Change 39.82% -1.51%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -145.1M -43.48M
YoY Change 7.71% -211.95%
NET CHANGE
Cash From Operating Activities 231.8M 97.57M
Cash From Investing Activities -75.66M -53.55M
Cash From Financing Activities -145.1M -43.48M
Net Change In Cash 11.03M 545.0K
YoY Change -177.08% -30.93%
FREE CASH FLOW
Cash From Operating Activities $231.8M $97.57M
Capital Expenditures $68.16M $53.42M
Free Cash Flow $163.6M $44.15M
YoY Change 35.95% -219.16%

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CY2023Q2 us-gaap Operating Lease Liability Noncurrent Statement Of Financial Position Extensible List
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CY2023Q1 us-gaap Allowance For Doubtful Accounts Receivable
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CY2024Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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CY2023Q2 us-gaap Treasury Stock Common Shares
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CY2023Q2 us-gaap Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased
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CY2023Q2 us-gaap Treasury Stock Value
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CY2024Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2023Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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CY2024Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
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CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
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CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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CY2024Q1 jkhy Operating Lease Liability Option To Extend Amounts
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CY2024Q1 jkhy Lessee Lease Not Yet Commenced Future Minimum Payments Due
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CY2024Q1 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
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CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
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CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received Two Years
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CY2024Q1 us-gaap Share Based Compensation
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CY2023Q1 us-gaap Share Based Compensation
ShareBasedCompensation
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us-gaap Share Based Compensation
ShareBasedCompensation
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
154000 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
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CY2024Q1 us-gaap Net Income Loss
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CY2024Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
72935000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2024Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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CY2023Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
139000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
150000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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188000 shares
CY2024Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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73031000 shares
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
73074000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
73010000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2024Q1 us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Basic
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CY2024Q1 us-gaap Earnings Per Share Diluted
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1.19
CY2023Q1 us-gaap Earnings Per Share Diluted
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us-gaap Earnings Per Share Diluted
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us-gaap Earnings Per Share Diluted
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CY2024Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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31000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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29000 shares
CY2023Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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us-gaap Number Of Reportable Segments
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CY2024Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2024Q1 us-gaap Cost Of Revenue
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CY2023Q1 us-gaap Costs And Expenses
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CY2023Q1 us-gaap Operating Income Loss
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us-gaap Cost Of Revenue
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us-gaap Operating Income Loss
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us-gaap Interest Income Expense Net
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CY2024Q1 ecd Rule10b51 Arr Trmntd Flag
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CY2024Q1 ecd Rule10b51 Arr Adopted Flag
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CY2024Q1 ecd Non Rule10b51 Arr Trmntd Flag
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false
CY2024Q1 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false

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