Assets held for sale

[Table of Contents](#i3e760ad3c5f94c5892b7ddc949ade806_7)

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| JACK HENRY & ASSOCIATES, INC. AND SUBSIDIARIES |
| CONSOLIDATED BALANCE SHEETS |
| (In Thousands, Except Share and Per Share Data) |
|  |  |  |  |
|   | June 30,2022 |  | June 30,2021 |
| ASSETS |   |  |   |
| CURRENT ASSETS: |   |  |   |
| Cash and cash equivalents | $ | 48,787  |  |  | $ | 50,992  |  |
| Receivables, net | 348,072  |  |  | 306,564  |  |
| Income tax receivable | 13,822  |  |  | 30,243  |  |
| Prepaid expenses and other | 125,537  |  |  | 109,723  |  |
| Deferred costs | 57,105  |  |  | 46,215  |  |
| Assets held for sale | 20,201  |  |  | —  |  |
| Total current assets | 613,524  |  |  | 543,737  |  |
| PROPERTY AND EQUIPMENT, net | 211,709  |  |  | 252,481  |  |
| OTHER ASSETS: |   |  |   |
| Non-current deferred costs | 143,750  |  |  | 127,205  |  |
| Computer software, net of amortization | 410,957  |  |  | 368,094  |  |
| Other non-current assets | 293,526  |  |  | 249,210  |  |
| Customer relationships, net of amortization | 69,503  |  |  | 81,842  |  |
| Other intangible assets, net of amortization | 25,137  |  |  | 26,129  |  |
| Goodwill | 687,458  |  |  | 687,458  |  |
| Total other assets | 1,630,331  |  |  | 1,539,938  |  |
| Total assets | $ | 2,455,564  |  |  | $ | 2,336,156  |  |
| LIABILITIES AND STOCKHOLDERS' EQUITY |   |  |   |
| CURRENT LIABILITIES: |   |  |   |
| Accounts payable | $ | 21,034  |  |  | $ | 18,485  |  |
| Accrued expenses | 192,042  |  |  | 182,517  |  |
| Notes payable and current maturities of long-term debt | 67  |  |  | 110  |  |
| Deferred revenues | 330,687  |  |  | 319,748  |  |
| Total current liabilities | 543,830  |  |  | 520,860  |  |
| LONG-TERM LIABILITIES: |   |  |   |
| Non-current deferred revenues | 71,485  |  |  | 75,852  |  |
| Deferred income tax liability | 292,630  |  |  | 260,758  |  |
| Debt, net of current maturities | 115,000  |  |  | 100,083  |  |
| Other long-term liabilities | 50,996  |  |  | 59,311  |  |
| Total long-term liabilities | 530,111  |  |  | 496,004  |  |
| Total liabilities | 1,073,941  |  |  | 1,016,864  |  |
| STOCKHOLDERS' EQUITY |   |  |   |
| Preferred stock - $1 par value; 500,000 shares authorized, none issued | —  |  |  | —  |  |
| Common stock - $0.01 par value; 250,000,000 shares authorized;     103,921,724 shares issued at June 30, 2022;      103,795,169 shares issued at June 30, 2021 | 1,039  |  |  | 1,038  |  |
| Additional paid-in capital | 551,360  |  |  | 518,960  |  |
| Retained earnings | 2,636,342  |  |  | 2,412,496  |  |
| Less treasury stock at cost     31,042,903 shares at June 30, 2022;     29,792,903 shares at June 30, 2021 | (1,807,118) |  |  | (1,613,202) |  |
| Total stockholders' equity | 1,381,623  |  |  | 1,319,292  |  |
| Total liabilities and equity | $ | 2,455,564  |  |  | $ | 2,336,156  |  |

See notes to consolidated financial statements38
