Jack Henry & Associates (JKHY) FY2013 results: revenue $1.1 billion, up 8.8% on the year
Jack Henry & Associates Inc. (JKHY) reported revenue of $1.1 billion for fiscal 2013, the year ended 30 June 2013, up 8.8% on the year before. Net income was $168 million, up 10.2%, and diluted earnings per share $1.94. The figures are the company's own, from the 10-K it filed with the SEC on 27 August 2013.
Revenue
$1.1 billion
+8.8% on the year
FY2009FY2013
Operating margin
22.6%
22.8% a year earlier
FY2009FY2013
Net income
$168 million
+10.2% on the year
FY2009FY2013
Diluted EPS
$1.94
+11.5% on the year
FY2009FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
1,108
1,018
967
+8.8%
Cost of revenue
646
599
568
+7.9%
Gross profit
461
419
399
+10.2%
Gross margin
41.7%
41.2%
41.3%
Research and development
63.2
60.9
63.4
+3.8%
Operating income
251
232
216
+8.3%
Operating margin
22.6%
22.8%
22.4%
Interest expense
6.3
5.7
8.9
+10.3%
Pre-tax income
245
227
208
+7.9%
Income tax
77.5
75.0
70.0
+3.3%
Effective tax rate
31.6%
33.0%
33.8%
Net income
168
152
137
+10.2%
Net margin
15.1%
14.9%
14.2%
Diluted EPS
$1.94
$1.74
$1.59
+11.5%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
309
265
240
+16.9%
Capital expenditure
46.3
41.4
32.1
+11.6%
Free cash flow
263
223
208
+17.8%
Free cash flow margin
23.7%
21.9%
21.5%
Cash from investing
-97.2
-76.3
-59.0
Cash from financing
-241
-94.1
-243
Depreciation
52.0
45.3
41.9
+14.7%
Share-based compensation
8.6
7.0
4.7
+24.0%
Buybacks
58.1
34.4
0.0
+69.1%
Dividends paid
48.2
38.1
34.4
+26.4%
Dividend per share
$0.56
$0.44
$0.40
+27.3%
Diluted shares, weighted
87m
87m
86m
-0.8%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
1,016
936
880
+8.6%
Debt
15.3
132
154
-88.4%
Other liabilities
641
552
472
+16.2%
Total liabilities and equity
1,672
1,619
1,506
+3.3%
Fixed assets
301
277
270
+8.6%
Goodwill
533
534
534
-0.0%
Intangible assets
147
163
179
-9.5%
Securities held for sale or to maturity
n/a
0.0
1.0
Cash and equivalents
128
157
63.1
-18.7%
Receivables
231
218
208
+5.9%
Other assets
332
271
251
+22.6%
Total assets
1,672
1,619
1,506
+3.3%
10-K for the year ended 30 June 2013, filed 27 August 2013: the filing.