TYL FY 2016 Earnings Report — Tyler Technologies, Inc. Revenue & Financial Results | Market Cap Arena

Tyler Technologies, Inc.TYL

FY 2016 Earnings

Reported February 22, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$756M	—	$591M	—	27.9%
Op. Income	$131M	—	$114M	—	15.2%
Gross Margin	45.2%	—	45.9%	—	-0.7pp
Net Margin	14.5%	—	11.0%	—	3.6pp
EPS (Diluted)	$2.92	—	$1.77	—	65.0%
Free Cash Flow	$154M	—	$77M	—	101.4%

Revenue Flow

Item	Amount
REVENUE	$756M
Cost of Revenue	$414M
GROSS PROFIT	$342M
R&D Expenses	$43M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$167M
Other Expenses	$0
Operating Expenses	$210M
Cost & Expenses	$625M
OPERATING INCOME	$131M
Interest Income	$0
Interest Expense	$2M
Other Income/Expenses	-$2M
INCOME BEFORE TAX	$129M
Income Tax Expense	$19M
Net Income from Continuing Ops	$110M
Net Income from Discontinued Ops	$0
Other Adjustments	$4M
NET INCOME	$110M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$114M
D&A	$50M
EBIT	$131M
EBITDA	$182M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$756M
Cost of Revenue	$414M
GROSS PROFIT	$342M
R&D Expenses	$43M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$167M
Other Expenses	$0
Operating Expenses	$210M
Cost & Expenses	$625M
OPERATING INCOME	$131M
Interest Income	$0
Interest Expense	$2M
Other Income/Expenses	-$2M
INCOME BEFORE TAX	$129M
Income Tax Expense	$19M
Net Income from Continuing Ops	$110M
Net Income from Discontinued Ops	$0
Other Adjustments	$4M
NET INCOME	$110M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$114M
D&A	$50M
EBIT	$131M
EBITDA	$182M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$110M
Depreciation & Amortization	$50M
Stock-Based Compensation	$30M
Deferred Income Tax	-$29M
Other Non-Cash Items	$4M
Change in Working Capital	$26M
OPERATING CASH FLOW	$192M
Capital Expenditure	-$38M
Acquisitions (Net)	-$9M
Purchases of Investments	-$20M
Sales/Maturities of Investments	$17M
Other Investing Activities	-$121.0K
NET CASH FROM INVESTING	-$51M
Net Debt Issuance	-$56M
Common Stock Repurchased	-$112M
Common Dividends Paid	$0
Other Financing Activities	$6M
NET CASH FROM FINANCING	-$138M
FREE CASH FLOW	$154M
Net Change in Cash	$3M

Balance Sheet

Item	Amount
Cash & Equivalents	$36M
Short-Term Investments	$20M
Net Receivables	$203M
Inventory	$0
Other Current Assets	$2M
TOTAL CURRENT ASSETS	$283M
PP&E (Net)	$124M
Goodwill	$650M
Intangible Assets	$267M
Long-Term Investments	$31M
Tax Assets	$0
Other Non-Current Assets	$2M
TOTAL NON-CURRENT ASSETS	$1.1B
TOTAL ASSETS	$1.4B
Account Payables	$7M
Short-Term Debt	$0
Deferred Revenue	$298M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$362M
Long-Term Debt	$10M
Deferred Revenue NC	$2M
Deferred Tax Liabilities	$69M
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$81M
TOTAL LIABILITIES	$442M
Common Stock	$481.0K
Additional Paid-In Capital	$557M
Retained Earnings	$436M
Treasury Stock	-$77M
Accum. Other Comp. Income	-$46.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$916M
Minority Interest	$0
TOTAL EQUITY	$916M
TOTAL LIABILITIES & EQUITY	$1.4B
Total Debt	$10M
Net Debt	-$26M