Jack Henry & Associates Q1 FY25 Filing

TL;DR

JKHY Q1 FY25 filing out. Financials look solid.

AI Summary

Jack Henry & Associates Inc. reported its first quarter results for fiscal year 2025, ending September 30, 2024. The company's filing details its financial position and operational performance during this period. Specific financial figures and operational metrics are provided within the report.

Why It Matters

This filing provides insight into the financial health and performance of Jack Henry & Associates at the start of their fiscal year, which can influence investor decisions and market perception.

Risk Assessment

Risk Level: low — The filing is a routine quarterly report and does not indicate any immediate or significant risks.

Key Numbers

• 1,318 — Shares (Indicates share count, relevant for market capitalization and per-share metrics.)

Key Players & Entities

• Jack Henry & Associates Inc. (company) — Filer of the 10-Q report
• 2024-09-30 (date) — End of the reporting period for the 10-Q
• 2024-07-01 (date) — Start of the reporting period for the 10-Q
• 2025 (date) — Fiscal year for which the report is filed

FAQ

Key Financial Figures

• $0.01 — ange on which registered Common Stock ($0.01 par value) JKHY Nasdaq Global Select

Filing Documents

• jkhy-20240930.htm (10-Q) — 760KB
• jkhy-20240930xex311.htm (EX-31.1) — 8KB
• jkhy-20240930xex312.htm (EX-31.2) — 8KB
• jkhy-20240930xex321.htm (EX-32.1) — 4KB
• jkhy-20240930xex322.htm (EX-32.2) — 4KB
• 0000779152-24-000111.txt ( ) — 5178KB
• jkhy-20240930.xsd (EX-101.SCH) — 31KB
• jkhy-20240930_cal.xml (EX-101.CAL) — 57KB
• jkhy-20240930_def.xml (EX-101.DEF) — 191KB
• jkhy-20240930_lab.xml (EX-101.LAB) — 539KB
• jkhy-20240930_pre.xml (EX-101.PRE) — 367KB
• jkhy-20240930_htm.xml (XML) — 586KB

FINANCIAL INFORMATION

PART I FINANCIAL INFORMATION

Condensed Consolidated Balance Sheets as of September 30, 2024, and June 30, 2024 (Unaudited) 4

ITEM 1. Condensed Consolidated Balance Sheets as of September 30, 2024, and June 30, 2024 (Unaudited) 4 Condensed Consolidated Statements of Income for the Three Months Ended September 30, 2024 and 2023 (Unaudited) 5 Condensed Consolidated Statements of Changes in Stockholders' Equity for the Three Months Ended September 30, 2024 and 2023 (Unaudited) 6 Condensed Consolidated Statements of Cash Flows for the Three Months Ended September 30, 2024 and 2023 (Unaudited) 7 Notes to Condensed Consolidated Financial Statements (Unaudited) 8

Management's Discussion and Analysis of Financial Condition and Results of Operations 18

ITEM 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 18

Quantitative and Qualitative Disclosures about Market Risk 25

ITEM 3. Quantitative and Qualitative Disclosures about Market Risk 25

Controls and Procedures 26

ITEM 4. Controls and Procedures 26

OTHER INFORMATION 26

PART II OTHER INFORMATION 26

Legal Proceedings 26

ITEM 1. Legal Proceedings 26

Unregistered Sales of Equity Securities and Use of Proceeds 26

ITEM 2. Unregistered Sales of Equity Securities and Use of Proceeds 26

Other Information 26

ITEM 5. Other Information 26

Exhibits 27

ITEM 6. Exhibits 27 Signatures 28 In this report, all references to "Jack Henry," the "Company," "we," "us," and "our," refer to Jack Henry & Associates, Inc., and its wholly owned subsidiaries.

FORWARD LOOKING STATEMENTS

FORWARD LOOKING STATEMENTS Certain statements in this report, other than purely historical information, including estimates, projections, statements relating to our business plans, objectives and expected operating results, and the assumptions upon which those statements are based, are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 (the "Exchange Act"). Forward-looking statements may appear throughout this report, including without limitation, in Management's Discussion and Analysis of Financial Condition and Results of Operations. Forward-looking statements generally are identified by the words "believe," "project," "expect," "seek," "anticipate," "estimate," "future," "intend," "plan," "strategy," "predict," "likely," "should," "will," "would," "could," "can," "may," and similar expressions. Forward-looking statements are based only on management's current beliefs, expectations and assumptions regarding the future of the Company, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Such risks and uncertainties include, but are not limited to, those discussed in this Quarterly Report on Form 10-Q, those discussed in our Annual Report on Form 10-K for the fiscal year ended June 30, 2024, in particular, those included in Item 1A, "Risk Factors" of such report, and those discussed in other documents we file with the Securities and Exchange Commission ("SEC"). Any forward-looking statement made in this report speaks only as of the date of this report, and the Company expressly disclaims any obligation to publicly update or revise any forward-loo

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION ITEM I. FINANCIAL STATEMENTS 3 Table of Contents JACK HENRY & ASSOCIATES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (In Thousands, Except Share and Per Share Data) (Unaudited) September 30, 2024 June 30, 2024 ASSETS CURRENT ASSETS: Cash and cash equivalents $ 43,212 $ 38,284 Receivables, net 306,660 333,033 Income tax receivable — 6,149 Prepaid expenses and other 190,537 168,768 Deferred costs 84,082 85,784 Assets held for sale 10,012 — Total current assets 634,503 632,018 PROPERTY AND EQUIPMENT, net 212,253 215,069 OTHER ASSETS: Non-current deferred costs 186,891 183,307 Computer software, net of amortization 599,816 592,761 Other non-current assets 413,758 417,621 Customer relationships, net of amortization 54,678 56,757 Other intangible assets, net of amortization 21,815 22,151 Goodwill 804,797 804,797 Total other assets 2,081,755 2,077,394 Total assets $ 2,928,511 $ 2,924,481 LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable $ 20,492 $ 25,314 Accrued expenses 180,201 200,770 Accrued income taxes 31,020 — Current maturities of long-term debt 90,000 90,000 Deferred revenues 248,977 317,730 Total current liabilities 570,690 633,814 LONG-TERM LIABILITIES: Non-current deferred revenues 70,597 71,202 Deferred income tax liability 239,435 243,522 Debt, net of current maturities 50,000 60,000 Other long-term liabilities 72,761 73,579 Total long-term liabilities 432,793 448,303 Total liabilities 1,003,483 1,082,117 STOCKHOLDERS' EQUITY Preferred stock - $ 1 par value; 500,000 shares authorized, none issued — — Common stock - $ 0.01 par value; 250,000,000 shares authorized; 104,332,023 shares issued at September 30, 2024; 104,245,089 shares issued at June 30, 2024 1,043 1,042 Additional paid-in capital 623,381 619,805 Retained earnings 3,160,777 3,081,690 Less treasury stock at cost 31,372,959 shares at September 30, 2024; 31,37

View Full Filing

View this 10-Q filing on SEC EDGAR