JKHY FY 2011 Earnings Report — Jack Henry & Associates, Inc. Revenue & Financial Results | Market Cap Arena

Jack Henry & Associates, Inc.JKHY

FY 2011 Earnings

Reported September 1, 2011

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2011	Prior Q	FY 2010	QoQ Change	YoY Change
Revenue	$967M	—	$837M	—	15.6%
Op. Income	$216M	—	$182M	—	18.7%
Gross Margin	41.3%	—	41.3%	—	0.0pp
Net Margin	14.2%	—	14.1%	—	0.1pp
EPS (Diluted)	$1.59	—	$1.38	—	15.2%
Free Cash Flow	$208M	—	$164M	—	26.7%

Revenue Flow

Item	Amount
REVENUE	$967M
Cost of Revenue	$568M
GROSS PROFIT	$399M
R&D Expenses	$63M
Selling & Marketing	$68M
General & Administrative	$52M
SG&A Expenses	$120M
Other Expenses	$0
Operating Expenses	$183M
Cost & Expenses	$751M
OPERATING INCOME	$216M
Interest Income	$125.0K
Interest Expense	$9M
Other Income/Expenses	-$9M
INCOME BEFORE TAX	$208M
Income Tax Expense	$70M
Net Income from Continuing Ops	$137M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$137M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$137M
D&A	$91M
EBIT	$216M
EBITDA	$307M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$967M
Cost of Revenue	$568M
GROSS PROFIT	$399M
R&D Expenses	$63M
Selling & Marketing	$68M
General & Administrative	$52M
SG&A Expenses	$120M
Other Expenses	$0
Operating Expenses	$183M
Cost & Expenses	$751M
OPERATING INCOME	$216M
Interest Income	$125.0K
Interest Expense	$9M
Other Income/Expenses	-$9M
INCOME BEFORE TAX	$208M
Income Tax Expense	$70M
Net Income from Continuing Ops	$137M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$137M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$137M
D&A	$91M
EBIT	$216M
EBITDA	$307M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$137M
Depreciation & Amortization	$91M
Stock-Based Compensation	$5M
Deferred Income Tax	$21M
Other Non-Cash Items	$1M
Change in Working Capital	-$14M
OPERATING CASH FLOW	$240M
Capital Expenditure	-$32M
Acquisitions (Net)	$0
Purchases of Investments	-$4M
Sales/Maturities of Investments	$4M
Other Investing Activities	$0
NET CASH FROM INVESTING	-$59M
Net Debt Issuance	-$229M
Common Stock Repurchased	$0
Common Dividends Paid	-$34M
Other Financing Activities	-$1M
NET CASH FROM FINANCING	-$243M
FREE CASH FLOW	$208M
Net Change in Cash	-$62M

Balance Sheet

Item	Amount
Cash & Equivalents	$63M
Short-Term Investments	$0
Net Receivables	$225M
Inventory	-$83M
Other Current Assets	$46M
TOTAL CURRENT ASSETS	$271M
PP&E (Net)	$270M
Goodwill	$534M
Intangible Assets	$301M
Long-Term Investments	$87M
Tax Assets	$15M
Other Non-Current Assets	$116M
TOTAL NON-CURRENT ASSETS	$1.2B
TOTAL ASSETS	$1.5B
Account Payables	$13M
Short-Term Debt	$26M
Deferred Revenue	$295M
Other Current Liabilities	$12M
TOTAL CURRENT LIABILITIES	$357M
Long-Term Debt	$128M
Deferred Revenue NC	$18M
Deferred Tax Liabilities	$89M
Other Non-Current Liabilities	$33M
TOTAL NON-CURRENT LIABILITIES	$269M
TOTAL LIABILITIES	$626M
Common Stock	$1M
Additional Paid-In Capital	$361M
Retained Earnings	$827M
Treasury Stock	-$310M
Accum. Other Comp. Income	$0
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$880M
Minority Interest	$0
TOTAL EQUITY	$880M
TOTAL LIABILITIES & EQUITY	$1.5B
Total Debt	$154M
Net Debt	$91M