1
EXHIBIT 99.1
SELECTED FINANCIAL DATA
The following tables set forth selected consolidated financial information of
Jack Henry & Associates. The balance sheet data as of June 30, 1998 and 1999 and
the income statement data for the three years ended June 30, 1997, 1998 and 1999
are derived from the audited consolidated financial statements of Jack Henry &
Associates. The acquisitions of Peerless Group, Inc., closed December 16, 1998,
and Sys-Tech, Inc., closed June 1, 2000, were accounted for as poolings of
interests. Therefore, the selected consolidated financial data for all periods
have been adjusted to reflect the acquisitions as if they had occurred at the
beginning of the earliest period reported. The following information should be
read in conjunction with "Management's Discussion and Analysis of Financial
Condition and Results of Operations" and our consolidated financial statements
and accompanying notes included in this filing. The amounts in the tables below,
other than per share data, are in thousands.
YEAR ENDED JUNE 30,
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1995 1996 1997 1998 1999
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INCOME STATEMENT DATA:
Revenues
Software licensing and
installation................. $21,489 $25,885 $ 31,930 $ 39,484 $ 47,181
Maintenance/support and
service...................... 16,924 29,618 37,510 46,835 71,278
Hardware sales................. 28,738 37,821 56,816 61,916 75,068
------- ------- -------- -------- --------
Total revenues............... 67,151 93,324 126,256 148,235 193,527
------- ------- -------- -------- --------
Cost of Sales
Cost of hardware............... 22,002 26,307 41,016 43,335 54,661
Cost of services............... 14,706 24,238 32,001 37,674 52,582
------- ------- -------- -------- --------
Total cost of sales.......... 36,708 50,545 73,017 81,009 107,243
------- ------- -------- -------- --------
Gross profit....................... 30,443 42,779 53,239 67,226 86,284
------- ------- -------- -------- --------
Operating Expenses
Selling and marketing
expense...................... 7,250 9,229 12,750 15,124 14,030
Research and development
expense...................... 3,259 4,559 3,012 4,163 5,183
General and administrative
expense...................... 6,344 7,157 9,607 11,675 17,347
------- ------- -------- -------- --------
Total operating expenses..... 16,853 20,945 25,369 30,962 36,560
------- ------- -------- -------- --------
Operating income from continuing
operations....................... 13,590 21,834 27,870 36,264 49,724
------- ------- -------- -------- --------
Other Income (Expense)
Interest income................ 746 541 738 1,319 1,619
Interest expense............... (624) (699) (40) (34) (93)
Other, net..................... 92 217 109 348 363
------- ------- -------- -------- --------
Total other income
(expense).................. 214 59 807 1,633 1,889
Income from continuing operations
before taxes..................... 13,804 21,893 28,677 37,897 51,613
Provision for income taxes......... 4,705 7,750 10,185 13,692 18,887
------- ------- -------- -------- --------
Income from continuing
operations................... 9,099 14,143 18,492 24,205 32,726
Loss from discontinued
operations (1)................... -- (2,620) (450) (668) (758)
------- ------- -------- -------- --------
Net income......................... $ 9,099 $11,523 $ 18,042 $ 23,537 $ 31,968
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2
YEAR ENDED JUNE 30,
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1995 1996 1997 1998 1999
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Diluted Earnings Per Share (2):
Income from continuing
operations................... $ 0.24 $ 0.36 $ 0.46 $ 0.58 $ 0.77
Loss from discontinued
operations................... -- (0.07) (0.01) (0.02) (0.02)
------- ------- -------- -------- --------
Net income..................... $ 0.24 $ 0.29 $ 0.45 $ 0.57 $ 0.75
======= ======= ======== ======== ========
Diluted weighted average shares
outstanding (2).................. 37,766 39,080 40,214 41,593 42,641
======= ======= ======== ======== ========
Basic Earnings Per Share (2)
Income from continuing
operations................... $ 0.25 $ 0.39 $ 0.49 $ 0.61 $ 0.81
Loss from discontinued
operations................... -- (0.07) (0.01) (0.02) (0.02)
------- ------- -------- -------- --------
Net income..................... $ 0.25 $ 0.32 $ 0.47 $ 0.59 $ 0.79
======= ======= ======== ======== ========
Basic weighted average shares
outstanding (2).................. 36,254 36,390 38,025 39,770 40,337
======= ======= ======== ======== ========
AS OF JUNE 30,
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1995 1996 1997 1998 1999
------- ------- -------- -------- --------
BALANCE SHEET DATA:
Cash and cash equivalents..... $ 3,785 $ 6,413 $ 11,260 $ 24,733 $ 3,376
Working capital............... (5,912) 2,876 16,727 35,758 23,111
Total assets.................. 63,002 67,488 100,484 133,830 177,260
Total debt.................... 2,927 3,504 525 654 626
Stockholders' equity.......... 22,515 32,230 60,549 83,591 115,798
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Notes:
(1) Losses from discontinued operations in connection with our former BankVision
subsidiary.
(2) Share and per share data have been adjusted to reflect the stock splits paid
in prior years and the March 2, 2000 2 for 1 stock split, each effected as a
stock dividend.