TYL FY 2015 Earnings Report — Tyler Technologies, Inc. Revenue & Financial Results | Market Cap Arena

Tyler Technologies, Inc.TYL

FY 2015 Earnings

Reported February 24, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$591M	—	$493M	—	19.9%
Op. Income	$114M	—	$95M	—	20.2%
Gross Margin	45.9%	—	46.4%	—	-0.5pp
Net Margin	11.0%	—	12.0%	—	-1.0pp
EPS (Diluted)	$1.77	—	$1.66	—	6.6%
Free Cash Flow	$77M	—	$114M	—	-32.9%

Revenue Flow

Item	Amount
REVENUE	$591M
Cost of Revenue	$320M
GROSS PROFIT	$271M
R&D Expenses	$30M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$127M
Other Expenses	$0
Operating Expenses	$157M
Cost & Expenses	$477M
OPERATING INCOME	$114M
Interest Income	$381.0K
Interest Expense	$0
Other Income/Expenses	-$6M
INCOME BEFORE TAX	$108M
Income Tax Expense	$44M
Net Income from Continuing Ops	$65M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$65M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$65M
D&A	$20M
EBIT	$108M
EBITDA	$128M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$591M
Cost of Revenue	$320M
GROSS PROFIT	$271M
R&D Expenses	$30M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$127M
Other Expenses	$0
Operating Expenses	$157M
Cost & Expenses	$477M
OPERATING INCOME	$114M
Interest Income	$381.0K
Interest Expense	$0
Other Income/Expenses	-$6M
INCOME BEFORE TAX	$108M
Income Tax Expense	$44M
Net Income from Continuing Ops	$65M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$65M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$65M
D&A	$20M
EBIT	$108M
EBITDA	$128M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$65M
Depreciation & Amortization	$20M
Stock-Based Compensation	$20M
Deferred Income Tax	-$8M
Other Non-Cash Items	-$44M
Change in Working Capital	$36M
OPERATING CASH FLOW	$89M
Capital Expenditure	-$13M
Acquisitions (Net)	-$340M
Purchases of Investments	-$47M
Sales/Maturities of Investments	$900.0K
Other Investing Activities	$10.0K
NET CASH FROM INVESTING	-$398M
Net Debt Issuance	$64M
Common Stock Repurchased	-$645.0K
Common Dividends Paid	$0
Other Financing Activities	$50M
NET CASH FROM FINANCING	$136M
FREE CASH FLOW	$77M
Net Change in Cash	-$173M

Balance Sheet

Item	Amount
Cash & Equivalents	$33M
Short-Term Investments	$13M
Net Receivables	$197M
Inventory	$0
Other Current Assets	$2M
TOTAL CURRENT ASSETS	$268M
PP&E (Net)	$101M
Goodwill	$654M
Intangible Assets	$295M
Long-Term Investments	$35M
Tax Assets	$0
Other Non-Current Assets	$3M
TOTAL NON-CURRENT ASSETS	$1.1B
TOTAL ASSETS	$1.4B
Account Payables	$7M
Short-Term Debt	$0
Deferred Revenue	$282M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$338M
Long-Term Debt	$66M
Deferred Revenue NC	$3M
Deferred Tax Liabilities	$91M
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$160M
TOTAL LIABILITIES	$498M
Common Stock	$481.0K
Additional Paid-In Capital	$608M
Retained Earnings	$326M
Treasury Stock	-$75M
Accum. Other Comp. Income	-$46.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$859M
Minority Interest	$0
TOTAL EQUITY	$859M
TOTAL LIABILITIES & EQUITY	$1.4B
Total Debt	$66M
Net Debt	$33M