Jack Henry & Associates (JKHY) FY2017 results: revenue $1.4 billion, up 2.5% on the year
Jack Henry & Associates Inc. (JKHY) reported revenue of $1.4 billion for fiscal 2017, the year ended 30 June 2017, up 2.5% on the year before. Net income was $230 million, down 7.8%, and diluted earnings per share $2.93. The figures are the company's own, from the 10-K it filed with the SEC on 25 August 2017.
Revenue
$1.4 billion
+2.5% on the year
FY2010FY2017
Operating margin
24.6%
26.7% a year earlier
FY2010FY2017
Net income
$230 million
-7.8% on the year
FY2010FY2017
Diluted EPS
$2.93
-6.1% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
1,388
1,355
1,256
+2.5%
Cost of revenue
806
774
720
+4.2%
Gross profit
582
581
536
+0.2%
Gross margin
42.0%
42.9%
42.7%
Research and development
84.8
81.2
71.5
+4.3%
Selling, general and administrative
159
158
n/a
+1.0%
Operating income
342
362
318
-5.5%
Operating margin
24.6%
26.7%
25.3%
Interest expense
1.0
1.4
1.6
-30.3%
Pre-tax income
341
361
316
-5.4%
Income tax
111
112
105
-0.2%
Effective tax rate
32.7%
31.0%
33.3%
Net income
230
249
211
-7.8%
Net margin
16.5%
18.4%
16.8%
Diluted EPS
$2.93
$3.12
$2.59
-6.1%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
357
366
374
-2.5%
Capital expenditure
41.9
56.3
54.4
-25.5%
Free cash flow
315
310
319
+1.7%
Free cash flow margin
22.7%
22.9%
25.4%
Cash from investing
-142
-136
-137
Cash from financing
-171
-308
-159
Depreciation
49.7
50.6
54.2
-1.8%
Share-based compensation
11.1
10.7
10.1
+3.8%
Buybacks
130
176
123
-25.9%
Dividends paid
91.7
84.1
76.4
+9.0%
Dividend per share
$1.18
$1.06
$0.94
+11.3%
Diluted shares, weighted
78m
80m
82m
-1.9%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
1,100
996
992
+10.4%
Debt
50.0
0.2
52.7
+24,900.0%
Other liabilities
759
819
793
-7.3%
Total liabilities and equity
1,909
1,816
1,837
+5.1%
Fixed assets
283
299
296
-5.2%
Goodwill
552
553
550
-0.1%
Intangible assets
n/a
n/a
34.0
Cash and equivalents
115
70.3
148
+63.2%
Receivables
277
254
245
+9.1%
Other assets
682
640
562
+6.6%
Total assets
1,909
1,816
1,837
+5.1%
10-K for the year ended 30 June 2017, filed 25 August 2017: the filing.