Jack Henry & Associates (JKHY) FY2020 results: revenue $1.7 billion, up 9.3% on the year
Jack Henry & Associates Inc. (JKHY) reported revenue of $1.7 billion for fiscal 2020, the year ended 30 June 2020, up 9.3% on the year before. Net income was $297 million, up 9.1%, and diluted earnings per share $3.86. The figures are the company's own, from the 10-K it filed with the SEC on 25 August 2020.
Revenue
$1.7 billion
+9.3% on the year
FY2013FY2020
Operating margin
22.4%
22.4% a year earlier
FY2013FY2020
Net income
$297 million
+9.1% on the year
FY2013FY2020
Diluted EPS
$3.86
+9.7% on the year
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
1,697
1,553
1,471
+9.3%
Cost of revenue
1,008
923
853
+9.3%
Gross profit
689
630
618
+9.4%
Gross margin
40.6%
40.6%
42.0%
Research and development
110
96.4
90.3
+14.1%
Selling, general and administrative
198
186
172
+6.4%
Operating income
381
347
358
+9.6%
Operating margin
22.4%
22.4%
24.3%
Interest expense
0.7
0.9
1.9
-25.7%
Pre-tax income
381
347
356
+9.7%
Income tax
84.4
75.3
-8.9
+12.0%
Effective tax rate
22.1%
21.7%
-2.5%
Net income
297
272
365
+9.1%
Net margin
17.5%
17.5%
24.8%
Diluted EPS
$3.86
$3.52
$4.70
+9.7%
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
511
431
412
+18.4%
Capital expenditure
53.5
53.6
40.1
-0.1%
Free cash flow
457
378
372
+21.0%
Free cash flow margin
26.9%
24.3%
25.3%
Cash from investing
-198
-191
-292
Cash from financing
-193
-178
-204
Depreciation
52.2
47.4
48.0
+10.2%
Share-based compensation
16.9
12.6
11.8
+34.1%
Buybacks
71.5
54.9
49.0
+30.4%
Dividends paid
127
119
105
+7.3%
Dividend per share
$1.66
$1.54
$1.36
+7.8%
Diluted shares, weighted
77m
77m
78m
-0.5%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
1,550
1,429
1,323
+8.4%
Short-term borrowings
n/a
0.0
0.0
Debt
0.2
0.0
0.0
Operating lease liabilities
56.6
n/a
n/a
Finance lease liabilities
0.2
n/a
n/a
Other liabilities
822
756
710
+8.7%
Total liabilities and equity
2,428
2,185
2,033
+11.2%
Fixed assets
273
272
286
+0.4%
Goodwill
686
667
650
+2.9%
Cash and equivalents
213
93.6
31.4
+127.9%
Receivables
301
310
297
-2.9%
Other assets
954
842
769
+13.4%
Total assets
2,428
2,185
2,033
+11.2%
10-K for the year ended 30 June 2020, filed 25 August 2020: the filing.