Cash flow Tyler Technologies, Inc.

Equities

TYL

US9022521051

Software

Market Closed - Nyse Other stock markets 04:00:02 2024-12-13 pm EST			5-day change	1st Jan Change
611.65 ^USD	-2.64%		-1.85%	+46.29%

Dec. 12	Tyler Technologies, Inc. Presents at Barclays 22nd Annual Global Technology Conference 2024, Dec-12-2024 09:50 AM
Dec. 09	Tyler Technologies Insider Sold Shares Worth $1,580,025, According to a Recent SEC Filing	MT

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Published financial data: TYLER TECHNOLOGIES, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	1.09B	1.12B	1.59B	1.85B	1.95B
Total Revenues	1.09B	1.12B	1.59B	1.85B	1.95B
Cost of Goods Sold, Total	570M	574M	883M	1.07B	1.09B
Gross Profit	517M	543M	710M	784M	861M
Selling General & Admin Expenses, Total	257M	260M	362M	400M	458M
R&D Expenses	81.34M	88.36M	93.48M	105M	110M
Amortization of Goodwill and Intangible Assets - (IS)	21.44M	21.66M	44.85M	61.36M	74.63M
Other Operating Expenses, Total	359M	370M	501M	567M	642M
Operating Income	157M	173M	209M	217M	219M
Interest Expense, Total	-1.75M	-610K	-23.3M	-28.38M	-23.63M
Interest And Investment Income	-	-	-	1.72M	3.33M
Net Interest Expenses	-1.75M	-610K	-23.3M	-26.66M	-20.3M
Other Non Operating Income (Expenses)	5.22M	2.73M	1.54M	-	-
EBT, Excl. Unusual Items	161M	175M	187M	191M	199M
Merger & Related Restructuring Charges	-1.1M	-	-23.5M	-2M	-409K
Asset Writedown	-	-	-	-1.1M	-
Legal Settlements	-	-	-3.2M	-	-
Other Unusual Items	-	-	-1.6M	-	-
EBT, Incl. Unusual Items	160M	175M	159M	188M	198M
Income Tax Expense	13.31M	-19.78M	-2.48M	23.35M	32.32M
Earnings From Continuing Operations	147M	195M	161M	164M	166M
Net Income to Company	147M	195M	161M	164M	166M
Net Income - (IS)	147M	195M	161M	164M	166M
Net Income to Common Incl Extra Items	147M	195M	161M	164M	166M
Net Income to Common Excl. Extra Items	147M	195M	161M	164M	166M
Per Share Items
Net EPS - Basic	3.79	4.87	3.95	3.95	3.95
Basic EPS - Continuing Operations	3.79	4.87	3.95	3.95	3.95
Basic Weighted Average Shares Outstanding	38.64M	40.04M	40.85M	41.54M	42.02M
Net EPS - Diluted	3.65	4.69	3.82	3.87	3.88
Diluted EPS - Continuing Operations	3.65	4.69	3.82	3.87	3.88
Diluted Weighted Average Shares Outstanding	40.1M	41.53M	42.24M	42.4M	42.77M
Normalized Basic EPS	2.6	2.73	2.87	2.87	2.95
Normalized Diluted EPS	2.51	2.63	2.77	2.81	2.9
Supplemental Items
EBITDA	203M	221M	297M	316M	323M
EBITA	179M	195M	254M	279M	294M
EBIT	157M	173M	209M	217M	219M
EBITDAR	213M	232M	312M	334M	346M
Total Revenues (As Reported)	1.09B	1.12B	1.59B	1.85B	1.95B
Effective Tax Rate - (Ratio)	8.33	-11.3	-1.56	12.45	16.3
Current Domestic Taxes	19.4M	-11.84M	10.79M	111M	106M
Total Current Taxes	19.4M	-11.84M	10.79M	111M	106M
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	-6.09M	-7.94M	-13.27M	-87.19M	-73.7M
Normalized Net Income	101M	109M	117M	119M	124M
Interest on Long-Term Debt	-	-	23.3M	28.38M	23.63M
Supplemental Operating Expense Items
Selling and Marketing Expenses	-	-	-	136M	150M
General and Administrative Expenses	-	-	-	264M	308M
Research And Development Expense From Footnotes	81.64M	89.56M	95.78M	113M	123M
Net Rental Expense, Total	9.92M	10.22M	15.06M	17.96M	22.6M
Imputed Operating Lease Interest Expense	-	2.2M	3.98M	3.35M	4.9M
Imputed Operating Lease Depreciation	-	8.03M	11.08M	14.61M	17.7M
Stock-Based Comp., COGS (Total)	15M	18.12M	23.7M	27.49M	26.61M
Stock-Based Comp., S&M Exp. (Total)	-	-	-	8.8M	10.12M
Stock-Based Comp., G&A Exp. (Total)	-	-	-	66.7M	71.61M
Stock-Based Comp., SG&A Exp. (Total)	44.96M	49.24M	81.02M	-	-
Total Stock-Based Compensation	59.97M	67.36M	105M	103M	108M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	233M	604M	309M	174M	165M
Short Term Investments	39.4M	72.19M	52.3M	37.03M	10.38M
Total Cash And Short Term Investments	272M	676M	361M	211M	176M
Accounts Receivable, Total	374M	382M	521M	577M	620M
Other Receivables	6.48M	21.6M	18.14M	-	-
Total Receivables	381M	404M	539M	577M	620M
Prepaid Expenses	24.72M	30.86M	55.51M	50.86M	54.7M
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	2.33M	2.48M	8.15M	8.24M	10.3M
Total Current Assets	680M	1.11B	964M	847M	861M
Gross Property Plant And Equipment	303M	325M	362M	394M	387M
Accumulated Depreciation	-113M	-138M	-141M	-171M	-179M
Net Property Plant And Equipment	191M	187M	221M	224M	209M
Long-term Investments	79.6M	82.64M	46.35M	18.51M	7.05M
Goodwill	840M	838M	2.36B	2.49B	2.53B
Other Intangibles, Total	379M	331M	1.08B	1.05B	996M
Accounts Receivable Long-Term	22.43M	21.42M	13.94M	8.27M	8.99M
Other Long-Term Assets, Total	-	33.79M	45.97M	49.96M	63.18M
Total Assets	2.19B	2.61B	4.73B	4.69B	4.68B
Liabilities
Accounts Payable, Total	14.98M	14.01M	120M	105M	146M
Accrued Expenses, Total	75.23M	83.08M	158M	132M	159M
Current Portion of Long-Term Debt	-	-	30M	30M	49.8M
Current Portion of Leases	6.39M	5.9M	10.56M	10.74M	11.06M
Current Income Taxes Payable	-	-	-	43.67M	2.47M
Unearned Revenue Current, Total	412M	461M	511M	569M	633M
Total Current Liabilities	509M	564M	830M	890M	1B
Long-Term Debt	-	-	1.31B	957M	596M
Long-Term Leases	16.82M	16.28M	36.34M	48.05M	39.82M
Unearned Revenue Non Current	199K	100K	38K	2.04M	291K
Deferred Tax Liability Non Current	48.44M	40.51M	228M	149M	78.59M
Other Non Current Liabilities	-	-	2.89M	16.97M	22.62M
Total Liabilities	575M	621M	2.41B	2.06B	1.74B
Common Stock, Total	481K	481K	481K	481K	481K
Additional Paid In Capital	739M	905M	1.08B	1.21B	1.35B
Retained Earnings	917M	1.11B	1.27B	1.44B	1.6B
Treasury Stock	-40.19M	-31.81M	-25.67M	-22.83M	-20.72M
Comprehensive Income and Other	-46K	-46K	-46K	-844K	-326K
Total Common Equity	1.62B	1.99B	2.32B	2.62B	2.94B
Total Equity	1.62B	1.99B	2.32B	2.62B	2.94B
Total Liabilities And Equity	2.19B	2.61B	4.73B	4.69B	4.68B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	39.4M	40.58M	41.35M	41.82M	42.28M
ECS Total Common Shares Outstanding	39.31M	40.54M	41.32M	41.78M	42.29M
Book Value / Share	41.14	48.99	56.25	62.81	69.47
Tangible Book Value	398M	816M	-1.12B	-915M	-590M
Tangible Book Value Per Share	10.13	20.14	-27.03	-21.91	-13.95
Total Debt	23.21M	22.18M	1.39B	1.05B	697M
Net Debt	-249M	-654M	1.03B	835M	521M
Debt Equivalent Oper. Leases	79.38M	81.79M	120M	144M	181M
Account Code - Inventory Valuation	3	3	3	3	3
Land - (BS)	18.65M	18.65M	22.52M	22.91M	22.91M
Buildings, Total	137M	148M	154M	159M	172M
Machinery, Total	128M	140M	146M	162M	153M
Full Time Employees	5.37K	5.5K	6.8K	7.2K	7.3K
Accumulated Allowance for Doubtful Accounts (Supple)	5.74M	9.26M	12.09M	14.76M	22.83M
Order Backlog	1.46B	1.59B	1.8B	1.89B	2.03B

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	147M	195M	161M	164M	166M
Depreciation & Amortization - CF	23.87M	26.56M	42.52M	50.23M	46.21M
Amortization of Goodwill and Intangible Assets - (CF)	21.86M	21.94M	45.2M	61.71M	74.94M
Depreciation & Amortization, Total	45.73M	48.5M	87.72M	112M	121M
Amortization of Deferred Charges, Total - (CF)	30.94M	33.16M	47.9M	60.1M	49.62M
(Gain) Loss on Sale of Investments - (CF)	-	-	-	45K	1K
Stock-Based Compensation (CF)	59.97M	67.36M	105M	103M	108M
Tax Benefit from Stock Options	-	-	-	-	-
Provision and Write-off of Bad Debts	1.64M	3.52M	2.83M	2.78M	8.23M
Other Operating Activities, Total	-691K	-2.15M	-3.06M	-87.19M	-73.23M
Change In Accounts Receivable	-65.74M	-10.73M	17.61M	-51.41M	-39.88M
Change In Accounts Payable	7.4M	-967K	-44.95M	-17.54M	41.48M
Change in Unearned Revenues	44.44M	48.68M	44.87M	59.46M	58.51M
Change In Income Taxes	-1.92M	-15.12M	10.26M	61.94M	-41.2M
Change in Other Net Operating Assets	-13.57M	-11.98M	-57.62M	-25.9M	-18.51M
Cash from Operations	255M	355M	372M	381M	380M
Capital Expenditure	-37.24M	-22.69M	-33.92M	-22.53M	-20.52M
Cash Acquisitions	-219M	-1.29M	-2.09B	-164M	-62.76M
Sale (Purchase) of Intangible assets	-4.8M	-5.78M	-21.69M	-27.62M	-32.49M
Investment in Marketable and Equity Securities, Total	16.05M	-68.88M	54M	41.1M	38.8M
Other Investing Activities, Total	-295K	314K	384K	443K	13K
Cash from Investing	-245M	-98.32M	-2.09B	-173M	-76.96M
Long-Term Debt Issued, Total	-	-	1.5B	-	-
Total Debt Issued	-	-	1.5B	-	-
Long-Term Debt Repaid, Total	-	-	-145M	-360M	-345M
Total Debt Repaid	-	-	-145M	-360M	-345M
Issuance of Common Stock	106M	135M	110M	16.65M	33.16M
Repurchase of Common Stock	-17.79M	-15.48M	-12.98M	-890K	-
Other Financing Activities, Total	-	-5.62M	-27.16M	-	-
Cash from Financing	88.7M	114M	1.42B	-344M	-312M
Net Change in Cash	98.4M	371M	-294M	-135M	-8.36M
Supplemental Items
Cash Interest Paid	1.75M	610K	17.7M	21.26M	19.15M
Cash Income Tax Paid (Refund)	21.3M	3.3M	2.2M	38.49M	143M
Levered Free Cash Flow	203M	254M	366M	370M	391M
Unlevered Free Cash Flow	204M	255M	380M	387M	406M
Change In Net Working Capital	-11.46M	-26.02M	-64.97M	-26.52M	-42.97M
Net Debt Issued / Repaid	-	-	1.36B	-360M	-345M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	4.94	4.5	3.56	2.88	2.92
Return on Total Capital	6.64	5.92	4.57	3.68	3.75
Return On Equity %	9.96	10.81	7.49	6.64	5.97
Return on Common Equity	9.96	10.81	7.49	6.64	5.97
Margin Analysis
Gross Profit Margin %	47.58	48.58	44.57	42.37	44.12
SG&A Margin	23.62	23.24	22.75	21.62	23.46
EBITDA Margin %	18.7	19.83	18.64	17.1	16.57
EBITA Margin %	16.51	17.45	15.97	15.08	15.06
EBIT Margin %	14.49	15.49	13.13	11.75	11.22
Income From Continuing Operations Margin %	13.49	17.45	10.14	8.88	8.5
Net Income Margin %	13.49	17.45	10.14	8.88	8.5
Net Avail. For Common Margin %	13.49	17.45	10.14	8.88	8.5
Normalized Net Income Margin	9.26	9.8	7.35	6.44	6.36
Levered Free Cash Flow Margin	18.72	22.77	22.97	19.97	20.04
Unlevered Free Cash Flow Margin	18.82	22.81	23.89	20.93	20.8
Asset Turnover
Asset Turnover	0.55	0.47	0.43	0.39	0.42
Fixed Assets Turnover	6.28	5.91	7.81	8.32	9.02
Receivables Turnover (Average Receivables)	3.23	2.95	3.53	3.37	3.26
Short Term Liquidity
Current Ratio	1.34	1.97	1.16	0.95	0.86
Quick Ratio	1.28	1.91	1.09	0.89	0.79
Operating Cash Flow to Current Liabilities	0.5	0.63	0.45	0.43	0.38
Days Sales Outstanding (Average Receivables)	113.05	123.96	103.54	108.34	111.92
Average Days Payable Outstanding	7.01	9.24	27.71	38.47	42.03
Long Term Solvency
Total Debt/Equity	1.44	1.12	59.73	39.86	23.72
Total Debt / Total Capital	1.41	1.1	37.39	28.5	19.17
LT Debt/Equity	1.04	0.82	57.99	38.31	21.65
Long-Term Debt / Total Capital	1.03	0.81	36.3	27.39	17.5
Total Liabilities / Total Assets	26.22	23.82	50.89	44.01	37.18
EBIT / Interest Expense	89.98	283.49	8.97	7.66	9.27
EBITDA / Interest Expense	121.78	379.75	13.38	11.78	14.64
(EBITDA - Capex) / Interest Expense	100.51	342.55	11.93	10.99	13.77
Total Debt / EBITDA	0.11	0.1	4.45	3.13	2.01
Net Debt / EBITDA	-1.17	-2.82	3.29	2.5	1.51
Total Debt / (EBITDA - Capex)	0.13	0.11	5	3.36	2.14
Net Debt / (EBITDA - Capex)	-1.41	-3.13	3.69	2.68	1.6
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	16.16	2.78	42.59	16.2	5.49
Gross Profit, 1 Yr. Growth %	17.59	4.95	30.81	10.46	9.85
EBITDA, 1 Yr. Growth %	6.23	8.97	34.02	7.76	3.25
EBITA, 1 Yr. Growth %	6.04	8.67	30.47	11.16	6.5
EBIT, 1 Yr. Growth %	3.26	9.82	20.88	5.59	2.19
Earnings From Cont. Operations, 1 Yr. Growth %	-0.63	32.96	-17.12	1.72	1.02
Net Income, 1 Yr. Growth %	-0.63	32.96	-17.12	1.72	1.02
Normalized Net Income, 1 Yr. Growth %	3.25	8.76	6.99	3.59	5.89
Diluted EPS Before Extra, 1 Yr. Growth %	-0.82	28.49	-18.55	1.31	0.26
Accounts Receivable, 1 Yr. Growth %	25.15	2.2	36.29	10.79	7.35
Net Property, Plant and Equip., 1 Yr. Growth %	22.99	-2.16	18.3	1.3	-6.71
Total Assets, 1 Yr. Growth %	22.37	18.97	81.5	-0.95	-0.23
Tangible Book Value, 1 Yr. Growth %	35.26	105.14	-236.76	-18.03	-35.53
Common Equity, 1 Yr. Growth %	22.06	22.82