JACK HENRY & ASSOCIATES INC
For the period ended Jun 30, 2024. Filed Aug 26, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Aug 26, 2024
JKHY$175.19+2.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 8. Consolidated Statements of Cash Flows,
| JACK HENRY & ASSOCIATES, INC. AND SUBSIDIARIES | |||
|---|---|---|---|
| CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
| (In Thousands) | |||
| Year Ended | |||
| June 30, | |||
| 2024 | 2023 | 2022 | |
| CASH FLOWS FROM OPERATING ACTIVITIES: | |||
| Net Income | $381,816 | $366,646 | $362,916 |
| Adjustments to reconcile net income from operations to net cash from operating activities: | |||
| Depreciation | 46,342 | 48,720 | 50,789 |
| Amortization | 153,562 | 142,006 | 126,835 |
| Change in deferred income taxes | (909) | (48,199) | 31,872 |
| Expense for stock-based compensation | 28,873 | 28,611 | 24,780 |
| (Gain)/loss on disposal of assets and businesses | 3,841 | (4,517) | 400 |
| Changes in operating assets and liabilities: | |||
| Change in receivables | 28,219 | (12,067) | (41,508) |
| Change in prepaid expenses, deferred costs and other | (115,558) | (112,316) | (82,565) |
| Change in accounts payable | 5,435 | (6,277) | 6,646 |
| Change in accrued expenses | 37,292 | (20,453) | 1,190 |
| Change in income taxes | 9,925 | 9,952 | 16,704 |
| Change in deferred revenues | (10,797) | (10,547) | 6,572 |
| Net cash from operating activities | 568,041 | 381,559 | 504,631 |
| CASH FLOWS FROM INVESTING ACTIVITIES: | |||
| Payment for acquisitions, net of cash acquired | — | (229,628) | — |
| Capital expenditures | (58,118) | (39,179) | (34,659) |
| Proceeds from the sale of assets | 904 | 27,939 | 45 |
| Purchased software | (7,130) | (1,685) | (8,491) |
| Computer software developed | (167,175) | (166,120) | (148,239) |
| Purchase of investments | (8,646) | (1,000) | (5,000) |
| Net cash from investing activities | (240,165) | (409,673) | (196,344) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | |||
| Borrowings on credit facilities | 475,000 | 810,000 | 332,000 |
| Repayments on credit facilities and financing leases | (600,000) | (650,060) | (317,127) |
| Purchase of treasury stock | (28,055) | (25,000) | (193,916) |
| Dividends paid | (155,877) | (147,237) | (139,070) |
| Proceeds from issuance of common stock upon exercise of stock options | — | 1 | — |
| Tax withholding payments related to share based compensation | (5,378) | (8,505) | (4,152) |
| Proceeds from sale of common stock | 12,475 | 12,371 | 11,773 |
| Net cash from financing activities | (301,835) | (8,430) | (310,492) |
| NET CHANGE IN CASH AND CASH EQUIVALENTS | $26,041 | $(36,544) | $(2,205) |
| CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD | $12,243 | $48,787 | $50,992 |
| CASH AND CASH EQUIVALENTS, END OF PERIOD | $38,284 | $12,243 | $48,787 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.