Jack Henry & Associates (JKHY) FY2021 results: revenue $1.8 billion, up 3.6% on the year
Jack Henry & Associates Inc. (JKHY) reported revenue of $1.8 billion for fiscal 2021, the year ended 30 June 2021, up 3.6% on the year before. Net income was $311 million, up 5.0%, and diluted earnings per share $4.12. The figures are the company's own, from the 10-K it filed with the SEC on 25 August 2021.
Revenue
$1.8 billion
+3.6% on the year
FY2014FY2021
Operating margin
22.7%
22.4% a year earlier
FY2014FY2021
Net income
$311 million
+5.0% on the year
FY2014FY2021
Diluted EPS
$4.12
+6.7% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Revenue
1,758
1,697
1,553
+3.6%
Cost of revenue
1,063
1,008
923
+5.4%
Gross profit
695
689
630
+0.9%
Gross margin
39.5%
40.6%
40.6%
Research and development
109
110
96.4
-0.9%
Selling, general and administrative
187
198
186
-5.5%
Operating income
399
381
347
+4.8%
Operating margin
22.7%
22.4%
22.4%
Interest expense
1.1
0.7
0.9
+66.3%
Pre-tax income
398
381
347
+4.4%
Income tax
86.3
84.4
75.3
+2.2%
Effective tax rate
21.7%
22.1%
21.7%
Net income
311
297
272
+5.0%
Net margin
17.7%
17.5%
17.5%
Diluted EPS
$4.12
$3.86
$3.52
+6.7%
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
462
511
431
-9.5%
Capital expenditure
23.0
53.5
53.6
-57.1%
Free cash flow
439
457
378
-3.9%
Free cash flow margin
25.0%
26.9%
24.3%
Cash from investing
-162
-198
-191
Cash from financing
-462
-193
-178
Depreciation
52.5
52.2
47.4
+0.6%
Share-based compensation
20.7
16.9
12.6
+22.9%
Buybacks
432
71.5
54.9
+503.1%
Dividends paid
134
127
119
+5.0%
Dividend per share
$1.78
$1.66
$1.54
+7.2%
Diluted shares, weighted
76m
77m
77m
-1.7%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
1,319
1,550
1,429
-14.9%
Short-term borrowings
n/a
n/a
0.0
Debt
100
0.2
0.0
+48,016.8%
Operating lease liabilities
49.4
56.6
n/a
-12.8%
Finance lease liabilities
0.1
0.2
n/a
-60.1%
Other liabilities
867
822
756
+5.5%
Total liabilities and equity
2,336
2,428
2,185
-3.8%
Fixed assets
252
273
272
-7.7%
Goodwill
687
686
667
+0.2%
Cash and equivalents
51.0
213
93.6
-76.1%
Receivables
307
301
310
+1.9%
Other assets
1,039
954
842
+8.8%
Total assets
2,336
2,428
2,185
-3.8%
10-K for the year ended 30 June 2021, filed 25 August 2021: the filing.