JKHY FY 2010 Earnings Report — Jack Henry & Associates, Inc. Revenue & Financial Results | Market Cap Arena

Jack Henry & Associates, Inc.JKHY

FY 2010 Earnings

Reported August 27, 2010

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2010	Prior Q	FY 2009	QoQ Change	YoY Change
Revenue	$837M	—	$746M	—	12.2%
Op. Income	$182M	—	$158M	—	15.4%
Gross Margin	41.3%	—	40.2%	—	1.1pp
Net Margin	14.1%	—	13.8%	—	0.3pp
EPS (Diluted)	$1.38	—	$1.22	—	13.1%
Free Cash Flow	$164M	—	$175M	—	-6.2%

Revenue Flow

Item	Amount
REVENUE	$837M
Cost of Revenue	$491M
GROSS PROFIT	$345M
R&D Expenses	$51M
Selling & Marketing	$61M
General & Administrative	$51M
SG&A Expenses	$112M
Other Expenses	$0
Operating Expenses	$163M
Cost & Expenses	$654M
OPERATING INCOME	$182M
Interest Income	$161.0K
Interest Expense	$2M
Other Income/Expenses	-$1M
INCOME BEFORE TAX	$181M
Income Tax Expense	$63M
Net Income from Continuing Ops	$118M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$118M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$118M
D&A	$72M
EBIT	$182M
EBITDA	$254M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$837M
Cost of Revenue	$491M
GROSS PROFIT	$345M
R&D Expenses	$51M
Selling & Marketing	$61M
General & Administrative	$51M
SG&A Expenses	$112M
Other Expenses	$0
Operating Expenses	$163M
Cost & Expenses	$654M
OPERATING INCOME	$182M
Interest Income	$161.0K
Interest Expense	$2M
Other Income/Expenses	-$1M
INCOME BEFORE TAX	$181M
Income Tax Expense	$63M
Net Income from Continuing Ops	$118M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$118M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$118M
D&A	$72M
EBIT	$182M
EBITDA	$254M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$118M
Depreciation & Amortization	$72M
Stock-Based Compensation	$3M
Deferred Income Tax	$17M
Other Non-Cash Items	$864.0K
Change in Working Capital	$9M
OPERATING CASH FLOW	$219M
Capital Expenditure	-$55M
Acquisitions (Net)	-$426M
Purchases of Investments	-$4M
Sales/Maturities of Investments	$4M
Other Investing Activities	$0
NET CASH FROM INVESTING	-$506M
Net Debt Issuance	$296M
Common Stock Repurchased	$0
Common Dividends Paid	-$30M
Other Financing Activities	-$4M
NET CASH FROM FINANCING	$294M
FREE CASH FLOW	$164M
Net Change in Cash	$7M

Balance Sheet

Item	Amount
Cash & Equivalents	$126M
Short-Term Investments	$1M
Net Receivables	$215M
Inventory	-$127M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.6B
PP&E (Net)	$275M
Goodwill	$537M
Intangible Assets	$323M
Long-Term Investments	-$2M
Tax Assets	$13M
Other Non-Current Assets	$23M
TOTAL NON-CURRENT ASSETS	$1.2B
TOTAL ASSETS	$1.6B
Account Payables	$14M
Short-Term Debt	$106M
Deferred Revenue	$276M
Other Current Liabilities	$10M
TOTAL CURRENT LIABILITIES	$726M
Long-Term Debt	$273M
Deferred Revenue NC	$11M
Deferred Tax Liabilities	$75M
Other Non-Current Liabilities	-$271M
TOTAL NON-CURRENT LIABILITIES	$88M
TOTAL LIABILITIES	$814M
Common Stock	$998.0K
Additional Paid-In Capital	$335M
Retained Earnings	$724M
Treasury Stock	-$310M
Accum. Other Comp. Income	$0
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$750M
Minority Interest	$0
TOTAL EQUITY	$750M
TOTAL LIABILITIES & EQUITY	$1.6B
Total Debt	$387M
Net Debt	$261M