Jack Henry & Associates (JKHY) 10-K Summary — Year Ended Jun 30, 2023
The filing covers Jack Henry & Associates for the fiscal year ended June 30, 2023. Revenue grew, but operating cash flow declined due to tax law changes.
Key takeaway
Year ended Jun 30, 2023 · FY2025 10-K
The filing covers Jack Henry & Associates for the fiscal year ended June 30, 2023. Revenue grew, but operating cash flow declined due to tax law changes.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$2.1B
Revenue reported for the fiscal year.
Operating income
$480.7M
Income from operations reported for the year.
Net income
$366.6M
Net income reported for the year.
Operating cash flow
$381.6M
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2021 | $1.8B | n/a |
| Jun 30, 2022 | $1.9B | +10.5% |
| Jun 30, 2023 | $2.1B | +6.9% |
Business overview
The provided filing sections do not contain a business description.
Financial performance
Revenue increased compared to the prior year, while operating income and net income remained positive. Operating cash flow decreased, largely because of changes in the tax treatment of research and development expenses.
Material risks
No specific risk factors are elaborated in the supplied filing context.
Liquidity and capital
Cash from operations decreased, and the company used its cash for debt repayment, dividends, share repurchases, capital expenditures, and the acquisition of Payrailz. Higher income tax payments, resulting from tax law changes, contributed to the decline in operating cash flow.
What to watch
The impact of the Payrailz acquisition on future revenue and operating results.