Jack Henry & Associates Q2 FY25 Filing

TL;DR

JKHY Q2 FY25 filing is in. Check financials.

AI Summary

Jack Henry & Associates Inc. reported its second quarter fiscal year 2025 results for the period ending December 31, 2024. The company's filing indicates financial performance and operational details for this quarter. Specific financial figures and strategic updates are detailed within the report.

Why It Matters

This filing provides investors and analysts with the latest financial performance data for Jack Henry & Associates, crucial for understanding the company's current health and future prospects.

Risk Assessment

Risk Level: low — This is a routine quarterly filing providing standard financial disclosures.

Key Numbers

• 1,198 — Shares (Likely related to share count or outstanding shares, context needs more data.)
• 2,515 — Shares (Likely related to share count or outstanding shares, context needs more data.)

Key Players & Entities

• Jack Henry & Associates Inc. (company) — Filer of the 10-Q report
• 2024-12-31 (date) — End of the reporting period
• 20250207 (date) — Date the filing was submitted
• Monett, MO (location) — Company headquarters location

FAQ

Key Financial Figures

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

Filing Documents

• jkhy-20241231.htm (10-Q) — 981KB
• jkhy-20241231xex319.htm (EX-3.1 9) — 23KB
• jkhy-20241231xex1080.htm (EX-10.8) — 79KB
• jkhy-20241231xex311.htm (EX-31.1) — 8KB
• jkhy-20241231xex312.htm (EX-31.2) — 8KB
• jkhy-20241231xex321.htm (EX-32.1) — 4KB
• jkhy-20241231xex322.htm (EX-32.2) — 4KB
• 0000779152-25-000009.txt ( ) — 5863KB
• jkhy-20241231.xsd (EX-101.SCH) — 31KB
• jkhy-20241231_cal.xml (EX-101.CAL) — 56KB
• jkhy-20241231_def.xml (EX-101.DEF) — 184KB
• jkhy-20241231_lab.xml (EX-101.LAB) — 532KB
• jkhy-20241231_pre.xml (EX-101.PRE) — 359KB
• jkhy-20241231_htm.xml (XML) — 788KB

FINANCIAL INFORMATION

PART I FINANCIAL INFORMATION

Condensed Consolidated Balance Sheets as of December 31, 2024, and June 30, 2024 (Unaudited)

ITEM 1. Condensed Consolidated Balance Sheets as of December 31, 2024, and June 30, 2024 (Unaudited) 4 Condensed Consolidated Statements of Income for the Three and Six Months Ended December 31, 2024 and 2023 (Unaudited) 5 Condensed Consolidated Statements of Changes in Stockholders' Equity for the Three and Six Months Ended December 31, 2024 and 2023 (Unaudited) 6 Condensed Consolidated Statements of Cash Flows for the Six Months Ended December 31, 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 19

ITEM 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 19

Quantitative and Qualitative Disclosures about Market Risk 28

ITEM 3. Quantitative and Qualitative Disclosures about Market Risk 28

Controls and Procedures 28

ITEM 4. Controls and Procedures 28

OTHER INFORMATION 29

PART II OTHER INFORMATION 29

Legal Proceedings 29

ITEM 1. Legal Proceedings 29

Unregistered Sales of Equity Securities and Use of Proceeds 29

ITEM 2. Unregistered Sales of Equity Securities and Use of Proceeds 29

Other Information 29

ITEM 5. Other Information 29

Exhibits 30

ITEM 6. Exhibits 30 Signatures 31 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) December 31, 2024 June 30, 2024 ASSETS CURRENT ASSETS: Cash and cash equivalents $ 25,653 $ 38,284 Receivables, net 283,223 333,033 Income tax receivable — 6,149 Prepaid expenses and other 189,826 168,768 Deferred costs 81,099 85,784 Total current assets 579,801 632,018 PROPERTY AND EQUIPMENT, net 226,981 215,069 OTHER ASSETS: Non-current deferred costs 194,946 183,307 Computer software, net of amortization 606,621 592,761 Other non-current assets 424,994 417,621 Customer relationships, net of amortization 52,598 56,757 Other intangible assets, net of amortization 21,032 22,151 Goodwill 804,797 804,797 Total other assets 2,104,988 2,077,394 Total assets $ 2,911,770 $ 2,924,481 LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable $ 23,552 $ 25,314 Accrued expenses 186,096 200,770 Accrued income taxes 278 — Current maturities of long-term debt 90,000 90,000 Deferred revenues 197,447 317,730 Total current liabilities 497,373 633,814 LONG-TERM LIABILITIES: Non-current deferred revenues 72,022 71,202 Deferred income tax liability 234,777 243,522 Debt, net of current maturities 60,000 60,000 Other long-term liabilities 72,033 73,579 Total long-term liabilities 438,832 448,303 Total liabilities 936,205 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; 104,370,424 shares issued at December 31, 2024; 104,245,089 shares issued at June 30, 2024 1,044 1,042 Additional paid-in capital 633,211 619,805 Retained earnings 3,218,533 3,081,690 Less treasury stock at cost 31,472,352 shares at December 31, 2024; 31,372,959 shares at June 30, 2024 ( 1,877,223 ) ( 1,8

View Full Filing

View this 10-Q filing on SEC EDGAR