Jack Henry & Associates (JKHY) FY2018 results: revenue $1.5 billion, up 5.9% on the year
Jack Henry & Associates Inc. (JKHY) reported revenue of $1.5 billion for fiscal 2018, the year ended 30 June 2018, up 5.9% on the year before. Net income was $365 million, up 59.0%, and diluted earnings per share $4.70. The figures are the company's own, from the 10-K it filed with the SEC on 24 August 2018.
Revenue
$1.5 billion
+5.9% on the year
FY2011FY2018
Operating margin
24.3%
24.6% a year earlier
FY2011FY2018
Net income
$365 million
+59.0% on the year
FY2011FY2018
Diluted EPS
$4.70
+60.4% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
1,471
1,388
1,355
+5.9%
Cost of revenue
853
806
774
+5.9%
Gross profit
618
582
581
+6.0%
Gross margin
42.0%
42.0%
42.9%
Research and development
90.3
84.8
81.2
+6.6%
Selling, general and administrative
172
159
158
+7.8%
Operating income
358
342
362
+4.6%
Operating margin
24.3%
24.6%
26.7%
Interest expense
1.9
1.0
1.4
+92.8%
Pre-tax income
356
341
361
+4.5%
Income tax
-8.9
111
112
Effective tax rate
-2.5%
32.7%
31.0%
Net income
365
230
249
+59.0%
Net margin
24.8%
16.5%
18.4%
Diluted EPS
$4.70
$2.93
$3.12
+60.4%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
412
357
366
+15.3%
Capital expenditure
40.1
41.9
56.3
-4.3%
Free cash flow
372
315
310
+18.0%
Free cash flow margin
25.3%
22.7%
22.9%
Cash from investing
-292
-142
-136
Cash from financing
-204
-171
-308
Depreciation
48.0
49.7
50.6
-3.4%
Share-based compensation
11.8
11.1
10.7
+5.7%
Buybacks
49.0
130
176
-62.4%
Dividends paid
105
91.7
84.1
+14.5%
Dividend per share
$1.36
$1.18
$1.06
+15.3%
Diluted shares, weighted
78m
78m
80m
-0.9%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
1,323
1,100
996
+20.3%
Short-term borrowings
0.0
n/a
n/a
Debt
0.0
50.0
0.2
Other liabilities
710
759
819
-6.5%
Total liabilities and equity
2,033
1,909
1,816
+6.5%
Fixed assets
286
283
299
+0.9%
Goodwill
650
552
553
+17.6%
Cash and equivalents
31.4
115
70.3
-72.6%
Receivables
297
277
254
+7.3%
Other assets
769
682
640
+12.8%
Total assets
2,033
1,909
1,816
+6.5%
10-K for the year ended 30 June 2018, filed 24 August 2018: the filing.