Jack Henry & Associates (JKHY) FY2016 results: revenue $1.4 billion, up 7.8% on the year
Jack Henry & Associates Inc. (JKHY) reported revenue of $1.4 billion for fiscal 2016, the year ended 30 June 2016, up 7.8% on the year before. Net income was $249 million, up 17.8%, and diluted earnings per share $3.12. The figures are the company's own, from the 10-K it filed with the SEC on 29 August 2016.
Revenue
$1.4 billion
+7.8% on the year
FY2009FY2016
Operating margin
26.7%
25.3% a year earlier
FY2009FY2016
Net income
$249 million
+17.8% on the year
FY2009FY2016
Diluted EPS
$3.12
+20.5% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
1,355
1,256
1,173
+7.8%
Cost of revenue
774
720
679
+7.4%
Gross profit
581
536
494
+8.4%
Gross margin
42.9%
42.7%
42.1%
Research and development
81.2
71.5
66.7
+13.6%
Selling, general and administrative
158
n/a
n/a
Operating income
362
318
288
+13.8%
Operating margin
26.7%
25.3%
24.6%
Interest expense
1.4
1.6
1.1
-10.3%
Pre-tax income
361
316
288
+13.9%
Income tax
112
105
101
+6.1%
Effective tax rate
31.0%
33.3%
35.1%
Net income
249
211
187
+17.8%
Net margin
18.4%
16.8%
15.9%
Diluted EPS
$3.12
$2.59
$2.19
+20.5%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
366
374
342
-2.0%
Capital expenditure
56.3
54.4
33.2
+3.5%
Free cash flow
310
319
308
-2.9%
Free cash flow margin
22.9%
25.4%
26.3%
Cash from investing
-136
-137
-132
Cash from financing
-308
-159
-267
Depreciation
50.6
54.2
52.9
-6.6%
Share-based compensation
10.7
10.1
10.1
+6.0%
Buybacks
176
123
176
+43.2%
Dividends paid
84.1
76.4
71.3
+10.1%
Dividend per share
$1.06
$0.94
$0.84
+12.8%
Diluted shares, weighted
80m
82m
85m
-2.3%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
996
992
967
+0.5%
Debt
0.2
52.7
9.1
-99.6%
Other liabilities
819
793
704
+3.3%
Total liabilities and equity
1,816
1,837
1,681
-1.2%
Fixed assets
299
296
292
+0.8%
Goodwill
553
550
553
+0.5%
Intangible assets
n/a
34.0
137
Cash and equivalents
70.3
148
70.4
-52.6%
Receivables
254
245
224
+3.5%
Other assets
640
562
405
+13.8%
Total assets
1,816
1,837
1,681
-1.2%
10-K for the year ended 30 June 2016, filed 29 August 2016: the filing.