JACK HENRY & ASSOCIATES INC

10-K & 10-Q Filings

Jack Henry & Associates, Inc. is a financial technology company that provides technology solutions to help banks and credit unions innovate and compete in the financial services industry. The company's mission is to strengthen the connections between people and their financial institutions through technology and services. Jack Henry serves over 7,500 financial institutions and diverse corporate entities, offering core banking and credit union solutions, as well as non-core specialized products and services. The company's business strategy includes generating organic revenue and earnings growth through its core processing systems, expanding each core customer relationship, and pursuing strategic acquisitions. Jack Henry's core banking solutions consist of three software systems for commercial banks and one for credit unions, which can be delivered on-premise or through the company's private cloud. The company also offers complementary products and services, including digital and mobile banking platforms, payment solutions, research and development, and sales and marketing efforts. Jack Henry's website is jackhenry.com, and its ticker symbol is JKHY.

12 mos ending Jun 30, 201212 mos ending Jun 30, 201312 mos ending Jun 30, 201412 mos ending Jun 30, 201512 mos ending Jun 30, 201612 mos ending Jun 30, 201712 mos ending Jun 30, 201812 mos ending Jun 30, 201912 mos ending Jun 30, 202012 mos ending Jun 30, 202112 mos ending Jun 30, 202212 mos ending Jun 30, 20236 mos ending Dec 31, 20226 mos ending Dec 31, 2023CAGR %YoY %Revenue (+)
$1027.11
1129.39
1210.05
1256.19
1354.65
1431.12
1536.60
1552.69
1697.07
1758.22
1942.88
2077.70
1034.52
1117.07
6.61%7.98%Cost of Revenue (-)
$603.38
652.39
691.42
720.34
773.65
819.03
873.64
923.03
1008.46
1063.40
1128.61
1219.06
602.85
643.98
6.60%6.82%Gross Profit (+)
$423.73
476.99
518.63
535.85
581.00
612.08
662.96
629.66
688.60
694.83
814.27
858.64
431.67
473.09
6.63%9.60%Selling, General & Administrative (-)
$126.62
148.24
139.88
146.49
157.59
162.90
182.15
186.00
197.99
187.06
218.30
235.27
114.01
149.05
5.79%30.73%Research & Development (-)
$60.88
63.20
66.75
71.50
81.23
84.75
90.34
96.38
109.99
109.05
121.36
142.68
69.55
72.37
8.05%4.05%Operating Expenses (-)
$187.50
211.44
206.63
217.99
219.34
244.38
270.59
282.38
307.98
296.11
339.65
377.95
183.57
221.42
6.58%20.62%Costs & Expenses (Total) (-)
$790.87
863.84
898.05
938.33
992.99
1063.41
1144.23
1205.41
1316.44
1359.51
1468.27
1597.01
786.42
865.40
6.60%10.04%Operating Income/Loss (+)
$236.24
265.55
312.00
317.87
361.66
367.70
392.37
347.29
380.63
398.72
474.62
480.69
248.10
251.67
6.67%1.44%Non-operating Income/Expense (+)
$1.18
0.64
0.38
0.17
0.31
0.25
0.57
0.88
1.14
0.15
0.03
8.96
1.39
9.87
20.27%608.76%Interest Expense (-)
$5.74
6.34
1.10
1.59
1.43
1.00
1.92
0.93
0.69
1.14
2.38
15.07
4.98
8.06
9.17%61.82%Earnings before Tax (+)
$231.67
259.85
311.27
316.44
360.54
366.95
391.02
347.24
381.08
397.73
472.27
474.57
244.51
253.47
6.74%3.66%Tax Expense (-)
$76.68
83.20
110.14
105.22
111.67
121.16
14.36
75.35
84.41
86.26
109.35
107.93
57.19
59.83
3.16%4.62%Income/Loss (Continuing Operations) (+)
$154.98
176.65
201.14
211.22
248.87
245.79
376.66
271.88
296.67
311.47
362.92
366.65
187.32
193.64
8.14%3.37%Net Income/Loss (+)
$154.98
176.65
201.14
211.22
248.87
245.79
376.66
271.88
296.67
311.47
362.92
366.65
187.32
193.64
8.14%3.37%Net Income/Loss (Common) (+)
$154.98
176.65
201.14
211.22
248.87
245.79
376.66
271.88
296.67
311.47
362.92
366.65
187.32
193.64
8.14%3.37%EPS (Basic)
$1.79
2.05
2.37
2.60
3.13
3.16
4.88
3.52
3.86
4.12
4.95
5.03
2.57
2.66
9.85%3.50%EPS (Diluted)
$1.78
2.04
2.36
2.59
3.12
3.14
4.85
3.52
3.86
4.12
4.94
5.02
2.56
2.65
9.88%3.52%Weighted Avg Shares (Basic)
86.60
86.04
84.87
81.35
79.42
77.86
77.25
77.16
76.79
75.55
73.32
72.92
72.93
72.85
-1.55%-0.10%Weighted Avg Shares (Diluted)
87.29
86.62
85.40
81.60
79.73
78.25
77.58
77.35
76.93
75.66
73.49
73.10
73.14
73.00
-1.60%-0.19%Cash
$157.31
127.91
70.38
148.31
70.31
114.77
31.44
93.63
213.34
50.99
48.79
12.24
25.76
26.71
-20.71%3.67%Short-term Investments
$
Receivables
$218.31
231.26
224.04
245.39
253.92
276.92
291.63
310.08
300.94
306.56
348.07
361.25
246.38
270.55
4.69%9.81%Prepaid Expenses (Current)
$84.56
82.61
82.03
97.05
56.59
66.89
84.81
106.47
95.53
109.72
125.54
169.18
127.78
179.30
6.51%40.32%Other Assets (Current)
$8.48
6.11
7.94
2.75
51.11
61.45
60.66
59.27
59.29
76.46
91.13
85.29
69.30
77.70
23.35%12.12%Assets (Current)
$468.65
447.88
384.38
493.50
431.93
520.03
468.54
569.45
669.10
543.74
613.52
627.96
469.23
554.27
2.70%18.12%Property, Plant & Equipment (Net)
$276.73
300.51
291.68
296.33
298.56
282.93
286.85
272.47
273.43
252.48
211.71
205.66
203.36
204.85
-2.66%0.73%Goodwill & Intangibles
$696.08
680.46
715.02
706.61
692.64
679.29
803.43
799.11
811.36
795.43
782.10
890.32
898.14
885.04
2.26%-1.46%Other Assets
$178.03
200.30
233.22
340.40
392.38
426.69
491.49
543.80
674.58
744.51
848.23
1049.88
1007.55
1109.83
17.51%10.15%Assets (Non-current)
$1150.84
1181.27
1239.91
1343.34
1383.58
1388.91
1581.77
1615.38
1759.37
1792.42
1842.04
2145.86
2109.05
2199.71
5.83%4.30%Assets (Total)
$1619.49
1629.15
1624.29
1836.84
1815.51
1908.94
2050.30
2184.83
2428.47
2336.16
2455.56
2773.83
2578.28
2753.98
5.01%6.81%Accounts Payable
$74.58
80.23
73.81
94.44
100.01
88.41
132.36
130.21
176.57
201.00
213.08
191.78
192.77
207.23
8.97%7.50%Debt (Current)
$25.50
7.93
5.41
2.60
0.20
0.12
0.11
0.07
0.02
Other Liabilities (Current)
$302.16
324.10
349.59
346.58
343.52
382.78
355.54
339.75
318.16
319.75
330.69
331.97
214.74
196.79
0.86%-8.36%Liabilities (Current)
$402.24
412.26
428.82
443.61
443.73
471.19
487.90
469.96
494.85
520.86
543.83
523.76
407.54
404.02
2.43%-0.86%Debt (Non-current)
$106.17
7.37
3.73
50.10
50.00
0.21
100.08
115.00
275.00
275.00
255.00
9.04%-7.27%Other Liabilities
$128.03
137.36
153.59
351.59
375.57
355.70
295.58
285.85
383.73
395.92
415.11
366.56
384.75
370.56
10.04%-3.69%Liabilities (Non-current)
$234.19
144.73
157.31
401.69
375.57
405.70
295.58
285.85
383.94
496.00
530.11
641.56
659.75
625.57
9.59%-5.18%Liabilities (Total)
$636.44
556.99
586.13
845.30
819.30
876.89
783.48
755.82
878.79
1016.86
1073.94
1165.32
1067.29
1029.59
5.65%-3.53%Treasury Stock
$343.96
402.08
577.78
700.47
876.13
1006.27
1055.26
1110.12
1181.67
1613.20
1807.12
1832.12
1807.12
1852.12
16.42%2.49%Retained Earnings
$944.08
1072.52
1202.41
1266.44
1431.19
1585.28
1856.92
2066.07
2235.32
2412.50
2636.34
2855.75
2752.21
2973.67
10.59%8.05%Shareholder's Equity
$983.06
1072.17
1038.16
991.53
996.21
1032.05
1266.83
1429.01
1549.69
1319.29
1381.62
1608.51
1510.99
1724.39
4.58%14.12%Liabilities & Equity
$1619.49
1629.15
1624.29
1836.84
1815.51
1908.94
2050.30
2184.83
2428.47
2336.16
2455.56
2773.83
2578.28
2753.98
5.01%6.81%Net Income/Loss
$154.98
176.65
201.14
211.22
248.87
245.79
376.66
271.88
296.67
311.47
362.92
366.65
187.32
193.64
8.14%3.37%Depreciation & Amortization
$94.62
100.34
107.77
119.00
129.65
139.79
151.99
160.63
171.81
175.75
177.62
190.73
93.71
99.13
6.58%5.78%Increase/Decrease in Working Capital
$-6.80
-19.66
-26.85
-42.85
5.93
44.16
127.31
14.14
-20.44
43.85
61.09
199.91
97.63
69.80
-28.51%Share-based Compensation
$6.95
8.62
10.09
10.11
10.72
11.13
11.76
12.59
16.88
20.75
24.78
28.61
14.54
15.48
13.73%6.44%Adjustments to Reconcile Net Income
$109.57
132.53
140.52
162.57
116.25
111.53
35.48
159.24
213.86
150.66
141.71
14.91
3.39
45.03
-16.58%1229.44%Net Cash (Operating)
$264.55
309.17
341.66
373.79
365.12
357.32
412.14
431.13
510.53
462.13
504.63
381.56
190.71
238.67
3.39%25.15%Capital Expenditure
$77.26
97.24
131.78
136.98
135.96
141.59
286.83
190.63
196.76
153.95
191.34
408.67
301.19
109.96
16.35%-63.49%Net Cash (Investing)
$-76.26
-97.24
-131.78
-136.98
-135.96
-141.59
-291.83
-190.63
-197.91
-162.25
-196.34
-409.67
-301.19
-110.96
63.16%Increase/Decrease in Debt
$-35.28
-145.18
-22.16
39.22
-52.50
49.80
-50.00
-0.03
99.89
14.87
159.94
159.96
-20.00
-112.50%Increase/Decrease in Equity
$-31.05
-54.43
-171.42
-118.71
-169.95
-123.89
-41.29
-45.59
-61.72
-420.60
-182.14
-12.63
5.68
-13.96
-345.67%Dividends Paid
$38.13
48.20
71.25
76.41
84.12
91.71
105.02
118.75
127.42
133.80
139.07
147.24
71.45
75.72
13.07%5.97%Net Cash (Financing)
$-94.10
-241.34
-267.41
-158.87
-307.16
-171.28
-203.64
-178.31
-192.91
-462.23
-310.49
-8.43
87.46
-113.25
-229.49%Increase/Decrease in Cash
$94.19
-29.41
-57.53
77.94
-78.00
44.45
-83.33
62.19
119.72
-162.35
-2.21
-36.54
-23.02
14.47
162.83%Cash (Beginning)
$63.13
157.31
127.91
70.38
148.31
70.31
114.77
31.44
93.63
213.34
50.99
48.79
48.79
12.24
-2.32%-74.91%Cash (Ending)
$157.31
127.91
70.38
148.31
70.31
114.77
31.44
93.63
213.34
50.99
48.79
12.24
25.76
26.71
-20.71%3.67%NOPAT
$158.04
180.52
201.61
212.17
249.64
246.29
377.96
271.92
296.32
312.25
364.72
371.37
190.07
192.27
8.08%1.15%Gross Margin %
41.25%
42.23%
42.86%
42.66%
42.89%
42.77%
43.14%
40.55%
40.58%
39.52%
41.91%
41.33%
41.73%
42.35%
Operating Margin %
23.00%
23.51%
25.78%
25.30%
26.70%
25.69%
25.53%
22.37%
22.43%
22.68%
24.43%
23.14%
23.98%
22.53%
NOPAT Margin %
15.39%
15.98%
16.66%
16.89%
18.43%
17.21%
24.60%
17.51%
17.46%
17.76%
18.77%
17.87%
18.37%
17.21%
Net Margin %
15.09%
15.64%
16.62%
16.81%
18.37%
17.17%
24.51%
17.51%
17.48%
17.71%
18.68%
17.65%
18.11%
17.34%
Tax Rate %
33.10%
32.02%
35.38%
33.25%
30.97%
33.02%
3.67%
21.70%
22.15%
21.69%
23.15%
22.74%
23.39%
23.60%
ROA
9.76%
11.08%
12.41%
11.55%
13.75%
12.90%
18.43%
12.45%
12.20%
13.37%
14.85%
13.39%
7.37%
6.98%
ROE
16.08%
16.84%
19.42%
21.40%
25.06%
23.86%
29.83%
19.03%
19.12%
23.67%
26.40%
23.09%
12.58%
11.15%
ROIC
13.71%
15.49%
17.77%
17.63%
22.69%
21.59%
31.81%
21.22%
22.53%
27.05%
32.06%
28.99%
15.82%
15.25%
Asset Turnover
0.63
0.69
0.74
0.68
0.75
0.75
0.75
0.71
0.70
0.75
0.79
0.75
0.40
0.41
Equity Multiplier
1.65
1.52
1.56
1.85
1.82
1.85
1.62
1.53
1.57
1.77
1.78
1.72
1.71
1.60
Current Ratio
1.17
1.09
0.90
1.11
0.97
1.10
0.96
1.21
1.35
1.04
1.13
1.20
1.15
1.37
Quick Ratio
0.93
0.87
0.69
0.89
0.73
0.83
0.66
0.86
1.04
0.69
0.73
0.71
0.67
0.74
Debt/Equity Ratio
0.13
0.01
0.01
0.05
0.00
0.05
0.00
0.08
0.08
0.17
0.18
0.15
Working Capital/Sales
0.18
0.16
0.11
0.16
0.08
0.12
0.06
0.14
0.14
0.06
0.07
0.09
0.10
0.15
R&D/Sales
0.06
0.06
0.06
0.06
0.06
0.06
0.06
0.06
0.06
0.06
0.06
0.07
0.07
0.06
Dividend Payout Ratio %
24.13%
26.70%
35.34%
36.01%
33.70%
37.23%
27.79%
43.67%
43.00%
42.85%
38.13%
39.65%
37.59%
39.38%
Total Payout
$104.46
247.81
264.82
155.90
306.57
165.80
196.31
164.33
189.17
454.51
306.34
-0.08
-94.19
109.69
216.45%Payout Ratio %
66.10%
137.28%
131.36%
73.48%
122.80%
67.32%
51.94%
60.43%
63.84%
145.56%
83.99%
-0.02%
-49.55%
57.05%