Jack Henry & Associates (JKHY) FY2019 results: revenue $1.6 billion, up 5.6% on the year
Jack Henry & Associates Inc. (JKHY) reported revenue of $1.6 billion for fiscal 2019, the year ended 30 June 2019, up 5.6% on the year before. Net income was $272 million, down 25.5%, and diluted earnings per share $3.52. The figures are the company's own, from the 10-K it filed with the SEC on 26 August 2019.
Revenue
$1.6 billion
+5.6% on the year
FY2012FY2019
Operating margin
22.4%
24.3% a year earlier
FY2012FY2019
Net income
$272 million
-25.5% on the year
FY2012FY2019
Diluted EPS
$3.52
-25.1% on the year
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
1,553
1,471
1,388
+5.6%
Cost of revenue
923
853
806
+8.2%
Gross profit
630
618
582
+1.9%
Gross margin
40.6%
42.0%
42.0%
Research and development
96.4
90.3
84.8
+6.7%
Selling, general and administrative
186
172
159
+8.3%
Operating income
347
358
342
-2.9%
Operating margin
22.4%
24.3%
24.6%
Interest expense
0.9
1.9
1.0
-51.8%
Pre-tax income
347
356
341
-2.5%
Income tax
75.3
-8.9
111
Effective tax rate
21.7%
-2.5%
32.7%
Net income
272
365
230
-25.5%
Net margin
17.5%
24.8%
16.5%
Diluted EPS
$3.52
$4.70
$2.93
-25.1%
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
431
412
357
+4.6%
Capital expenditure
53.6
40.1
41.9
+33.5%
Free cash flow
378
372
315
+1.5%
Free cash flow margin
24.3%
25.3%
22.7%
Cash from investing
-191
-292
-142
Cash from financing
-178
-204
-171
Depreciation
47.4
48.0
49.7
-1.2%
Share-based compensation
12.6
11.8
11.1
+7.1%
Buybacks
54.9
49.0
130
+12.0%
Dividends paid
119
105
91.7
+13.1%
Dividend per share
$1.54
$1.36
$1.18
+13.2%
Diluted shares, weighted
77m
78m
78m
-0.3%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
1,429
1,323
1,100
+8.0%
Short-term borrowings
0.0
0.0
n/a
Debt
0.0
0.0
50.0
Other liabilities
756
710
759
+6.4%
Total liabilities and equity
2,185
2,033
1,909
+7.5%
Fixed assets
272
286
283
-4.6%
Goodwill
667
650
552
+2.6%
Cash and equivalents
93.6
31.4
115
+197.8%
Receivables
310
297
277
+4.3%
Other assets
842
769
682
+9.5%
Total assets
2,185
2,033
1,909
+7.5%
10-K for the year ended 30 June 2019, filed 26 August 2019: the filing.