Last10K.com

Henry Jack Associates Inc (JKHY) SEC Filing 10-Q Quarterly Report for the period ending Friday, December 31, 2021

Henry Jack Associates Inc

CIK: 779152 Ticker: JKHY
gradient-bordera.jpg
jackhenryassociates_logox2a.jpg
 PRESS RELEASE
Kevin D. Williams | Chief Financial Officer | (417) 235-6652
FOR IMMEDIATE RELEASE
Jack Henry & Associates, Inc. Reports Second Quarter Fiscal 2022 Results
a2021-08x30_12x49x59a.jpg
Monett, MO, February 8, 2022
– Jack Henry & Associates, Inc. (NASDAQ: JKHY), a leading provider of technology solutions and payment processing services primarily for the financial services industry, today announces results for the second quarter of fiscal 2022 and discusses its continued response to the novel coronavirus (COVID-19) pandemic (page 8 below).
Year to date summary:
GAAP revenue increased 12% and operating income increased 23% for the six months ended December 31, 2021 compared to the prior-year period.
Non-GAAP adjusted revenue increased 10% and non-GAAP adjusted operating income increased 15% for the six months ended December 31, 2021 compared to the prior-year period.1
GAAP EPS was $2.68 per diluted share for the six months ended December 31, 2021, compared to $2.13 per diluted share in the prior-year period.
Cash at December 31, 2021 was $29.1 million and $147.8 million at December 31, 2020.
Debt related to the revolving credit line was $240 million at December 31, 2021 and zero at December 31, 2020.2
Second quarter summary:
GAAP revenue increased 17% and operating income increased 34% for the quarter compared to the prior-year quarter.
Non-GAAP adjusted revenue increased 11% and non-GAAP adjusted operating income increased 13% for the quarter compared to the prior-year quarter.1
GAAP EPS was $1.30 per diluted share for the quarter, compared to $0.94 per diluted share in the prior-year quarter.
Full-year fiscal 2022 guidance:
GAAP revenue $1,939 million to $1,942 million
GAAP EPS $4.75 to $4.82
Non-GAAP revenue $1,889 million to $1,892 million3
Year to date RevenueYear to date Operating Income
Year to date4
gradient-bordera.jpg
gradient-bordera.jpg
gradient-bordera.jpg
GAAP
Non-GAAP1
GAAP
Non-GAAP1
GAAP Net Income
increased
increased
increased
increased
increased
12%
10%
23%
15%
21%
Second quarter RevenueSecond quarter Operating Income
Year to date4
gradient-bordera.jpg
gradient-bordera.jpg
gradient-bordera.jpg
GAAP
Non-GAAP1
GAAP
Non-GAAP1
Non-GAAP EBITDA1
increased
increased
increased
increased
increased
17%
11%
34%
13%
11%
According to David Foss, Board Chair and CEO, “We are very pleased to report another quarter of record revenue and an overall strong performance for the second quarter of our fiscal year. Not only did we experience record revenue in the quarter, but our sales teams booked more business this quarter than any quarter in the history of the company. The sales organization continues to work a robust pipeline of financial institutions interested in our many best-of-breed capabilities and solutions. We are proud to be a well-rounded financial technology company that is committed to serving the needs of community and regional financial institutions in the United States. As part of that commitment, this week we will be sharing our technology modernization strategy for helping our clients capture the opportunity created by the most recent industry disruption. This strategy leverages the investments we have made and will continue to make in a modern infrastructure that is cloud-native, digitally centric, open, and scalable. It establishes an ecosystem which, when applied to our digital, payments, lending, risk, and core platforms, helps community and regional financial institutions innovate faster, differentiate strategically, and compete successfully while serving the evolving needs of their accountholders."
1 See tables below reconciling non-GAAP financial measures to GAAP.
2 The change in borrowings was primarily a result of the Company's repurchases of common stock during the trailing twelve months.
3 See tables below reconciling fiscal year 2022 GAAP to non-GAAP guidance.
4 See tables below on page 10 reconciling Net Income to non-GAAP EBITDA.
jackhenryassociates_logox2a.jpg
1

The following information was filed by Henry Jack Associates Inc (JKHY) on Tuesday, February 8, 2022 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one quarter to another to evaluate Henry Jack Associates Inc's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Henry Jack Associates Inc.

Continue

Assess how Henry Jack Associates Inc's management team is paid from their Annual Proxy

Definitive Proxy Statement (Form DEF 14A)
Screenshot example of actual Proxy Statement

Henry Jack Associates Inc's Definitive Proxy Statement (Form DEF 14A) filed after their 2022 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors

Continue

Tools

Rating

Learn More
Bullish Bearish Neutral
Filter by Sentiment:
All
Positive
Negative
Filter by Category:
All
Financial
Revenue
Other
Filter by Subcategory:
All
Expense
Earnings
Product
Cash Flow
Income
Shares
Other
Inside Henry Jack Associates Inc's 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Cover Page
Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets Parenthetical
Condensed Consolidated Statements Of Cash Flows
Condensed Consolidated Statements Of Income
Condensed Consolidated Statements Of Stockholders' Equity Statement
Debt (Text Block)
Debt Narrative (Details)
Earnings Per Share Earnings Per Share (Details)
Earnings Per Share Earnings Per Share (Tables)
Earnings Per Share Earnings Per Share (Text Block)
Fair Value Measures And Disclosures
Fair Value Measures And Disclosures (Details)
Fair Value Measures And Disclosures (Policies)
Fair Value Measures And Disclosures (Tables)
Income Taxes (Text Block)
Income Taxes Narrative (Details)
Leases Lease Maturity (Details)
Leases Leases (Details)
Leases Leases (Notes)
Leases Leases (Policies)
Leases Leases (Tables)
Nature Of Operations And Summary Of Significant Accounting Policies (Policies)
Nature Of Operations And Summary Of Significant Accounting Policies (Text Block)
Nature Of Operations And Summary Of Significant Accounting Policies Allowance For Credit Losses (Details)
Nature Of Operations And Summary Of Significant Accounting Policies Intangible Assets (Details)
Nature Of Operations And Summary Of Significant Accounting Policies Property And Equipment (Details)
Nature Of Operations And Summary Of Significant Accounting Policies Purchase Of Investments (Details)
Nature Of Operations And Summary Of Significant Accounting Policies Treasury Stock (Details)
Nature Of Operations And Summary Of Significant Accounting Policies- Loss On Disposal Of Assets, Net (Tables)
Recent Accounting Pronouncements Recent Accounting Pronouncements (Text Block)
Reportable Segment Information (Tables)
Reportable Segment Information (Text Block)
Reportable Segment Information Narrative (Details)
Reportable Segment Information Reconciliation Of Operating Profit By Segment To Consolidated (Details)
Revenue And Deferred Costs Contract Balances (Details)
Revenue And Deferred Costs Contract Costs (Details)
Revenue And Deferred Costs Disaggregation Of Revenue (Details)
Revenue And Deferred Costs Revenue And Deferred Costs (Notes)
Revenue And Deferred Costs Revenue And Deferred Costs (Tables)
Revenue And Deferred Costs Revenue Recognition Narrative (Details)
Stock Based Compensation (Tables)
Stock Based Compensation (Text Block)
Stock Based Compensation Narrative (Details)
Stock Based Compensation Restricted Stock Unit Awards (Details)
Stock Based Compensation Rsu Measurement Date Assumptions (Details)
Stock Based Compensation Stock Options (Details)
Subsequent Events Subsequent Events (Text Block)

Material Contracts, Statements, Certifications & more

Henry Jack Associates Inc provided additional information to their SEC Filing as exhibits

Ticker: JKHY
CIK: 779152
Form Type: 10-Q Quarterly Report
Accession Number: 0000779152-22-000015
Submitted to the SEC: Wed Feb 09 2022 3:49:08 PM EST
Accepted by the SEC: Wed Feb 09 2022
Period: Friday, December 31, 2021
Industry: Computer Integrated Systems Design

External Resources:
Stock Quote
Social Media

Bookmark the Permalink:
https://last10k.com/sec-filings/jkhy/0000779152-22-000015.htm