Jack Henry & Associates (JKHY) FY2015 results: revenue $1.3 billion, up 7.1% on the year
Jack Henry & Associates Inc. (JKHY) reported revenue of $1.3 billion for fiscal 2015, the year ended 30 June 2015, up 7.1% on the year before. Net income was $211 million, up 13.1%, and diluted earnings per share $2.59. The figures are the company's own, from the 10-K it filed with the SEC on 11 September 2015.
Revenue
$1.3 billion
+7.1% on the year
FY2009FY2015
Operating margin
25.3%
24.6% a year earlier
FY2009FY2015
Net income
$211 million
+13.1% on the year
FY2009FY2015
Diluted EPS
$2.59
+18.3% on the year
FY2009FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
1,256
1,173
1,108
+7.1%
Cost of revenue
720
679
646
+6.0%
Gross profit
536
494
461
+8.5%
Gross margin
42.7%
42.1%
41.7%
Research and development
71.5
66.7
63.2
+7.1%
Operating income
318
288
251
+10.3%
Operating margin
25.3%
24.6%
22.6%
Interest expense
1.6
1.1
6.3
+44.3%
Pre-tax income
316
288
245
+10.0%
Income tax
105
101
77.5
+4.3%
Effective tax rate
33.3%
35.1%
31.6%
Net income
211
187
168
+13.1%
Net margin
16.8%
15.9%
15.1%
Diluted EPS
$2.59
$2.19
$1.94
+18.3%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
374
342
309
+9.4%
Capital expenditure
54.4
33.2
46.3
+64.0%
Free cash flow
319
308
263
+3.5%
Free cash flow margin
25.4%
26.3%
23.7%
Cash from investing
-137
-132
-97.2
Cash from financing
-159
-267
-241
Depreciation
54.2
52.9
52.0
+2.3%
Share-based compensation
10.1
10.1
8.6
+0.2%
Buybacks
123
176
58.1
-30.2%
Dividends paid
76.4
71.3
48.2
+7.2%
Dividend per share
$0.94
$0.84
$0.56
+11.9%
Diluted shares, weighted
82m
85m
87m
-4.4%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
992
967
1,016
+2.5%
Debt
52.7
9.1
15.3
+476.8%
Other liabilities
793
704
641
+12.6%
Total liabilities and equity
1,837
1,681
1,672
+9.3%
Fixed assets
296
292
301
+1.6%
Goodwill
550
553
533
-0.4%
Intangible assets
34.0
137
147
-75.1%
Cash and equivalents
148
70.4
128
+110.7%
Receivables
245
224
231
+9.5%
Other assets
562
405
332
+38.8%
Total assets
1,837
1,681
1,672
+9.3%
10-K for the year ended 30 June 2015, filed 11 September 2015: the filing.