JKHY FY 2013 Earnings Report — Jack Henry & Associates, Inc. Revenue & Financial Results | Market Cap Arena

Jack Henry & Associates, Inc.JKHY

FY 2013 Earnings

Reported August 27, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2013	Prior Q	FY 2012	QoQ Change	YoY Change
Revenue	$1.1B	—	$1.0B	—	10.0%
Op. Income	$266M	—	$236M	—	12.4%
Gross Margin	42.2%	—	41.3%	—	1.0pp
Net Margin	15.6%	—	15.1%	—	0.6pp
EPS (Diluted)	$2.04	—	$1.78	—	14.6%
Free Cash Flow	$263M	—	$223M	—	17.8%

Revenue Flow

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$652M
GROSS PROFIT	$477M
R&D Expenses	$63M
Selling & Marketing	$82M
General & Administrative	$67M
SG&A Expenses	$148M
Other Expenses	$0
Operating Expenses	$211M
Cost & Expenses	$864M
OPERATING INCOME	$266M
Interest Income	$640.0K
Interest Expense	$6M
Other Income/Expenses	-$6M
INCOME BEFORE TAX	$260M
Income Tax Expense	$83M
Net Income from Continuing Ops	$168M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$177M
Net Income Deductions	-$9M
BOTTOM LINE NET INCOME	$177M
D&A	$100M
EBIT	$251M
EBITDA	$367M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$652M
GROSS PROFIT	$477M
R&D Expenses	$63M
Selling & Marketing	$82M
General & Administrative	$67M
SG&A Expenses	$148M
Other Expenses	$0
Operating Expenses	$211M
Cost & Expenses	$864M
OPERATING INCOME	$266M
Interest Income	$640.0K
Interest Expense	$6M
Other Income/Expenses	-$6M
INCOME BEFORE TAX	$260M
Income Tax Expense	$83M
Net Income from Continuing Ops	$168M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$177M
Net Income Deductions	-$9M
BOTTOM LINE NET INCOME	$177M
D&A	$100M
EBIT	$251M
EBITDA	$367M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$177M
Depreciation & Amortization	$100M
Stock-Based Compensation	$10M
Deferred Income Tax	$24M
Other Non-Cash Items	$19M
Change in Working Capital	-$4M
OPERATING CASH FLOW	$309M
Capital Expenditure	-$46M
Acquisitions (Net)	$530.0K
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$186.0K
NET CASH FROM INVESTING	-$97M
Net Debt Issuance	-$145M
Common Stock Repurchased	-$58M
Common Dividends Paid	-$48M
Other Financing Activities	-$305.0K
NET CASH FROM FINANCING	-$241M
FREE CASH FLOW	$263M
Net Change in Cash	-$29M

Balance Sheet

Item	Amount
Cash & Equivalents	$128M
Short-Term Investments	$0
Net Receivables	$237M
Inventory	-$14M
Other Current Assets	$59M
TOTAL CURRENT ASSETS	$448M
PP&E (Net)	$301M
Goodwill	$533M
Intangible Assets	$289M
Long-Term Investments	-$3M
Tax Assets	$31M
Other Non-Current Assets	$27M
TOTAL NON-CURRENT ASSETS	$1.2B
TOTAL ASSETS	$1.6B
Account Payables	$12M
Short-Term Debt	$8M
Deferred Revenue	$305M
Other Current Liabilities	$30M
TOTAL CURRENT LIABILITIES	$412M
Long-Term Debt	$7M
Deferred Revenue NC	$11M
Deferred Tax Liabilities	$120M
Other Non-Current Liabilities	$6M
TOTAL NON-CURRENT LIABILITIES	$145M
TOTAL LIABILITIES	$557M
Common Stock	$1M
Additional Paid-In Capital	$401M
Retained Earnings	$1.1B
Treasury Stock	-$402M
Accum. Other Comp. Income	$0
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.1B
Minority Interest	$0
TOTAL EQUITY	$1.1B
TOTAL LIABILITIES & EQUITY	$1.6B
Total Debt	$15M
Net Debt	-$113M