TYL FY 2017 Earnings Report — Tyler Technologies, Inc. Revenue & Financial Results | Market Cap Arena

Tyler Technologies, Inc.TYL

FY 2017 Earnings

Reported February 21, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$841M	—	$756M	—	11.2%
Op. Income	$163M	—	$131M	—	24.0%
Gross Margin	45.9%	—	45.2%	—	0.7pp
Net Margin	19.5%	—	14.5%	—	5.0pp
EPS (Diluted)	$4.32	—	$2.92	—	47.9%
Free Cash Flow	$153M	—	$154M	—	-0.9%

Revenue Flow

Item	Amount
REVENUE	$841M
Cost of Revenue	$455M
GROSS PROFIT	$386M
R&D Expenses	$47M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$176M
Other Expenses	$0
Operating Expenses	$223M
Cost & Expenses	$678M
OPERATING INCOME	$163M
Interest Income	$698.0K
Interest Expense	$0
Other Income/Expenses	$698.0K
INCOME BEFORE TAX	$162M
Income Tax Expense	-$2M
Net Income from Continuing Ops	$170M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$164M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$170M
D&A	$53M
EBIT	$163M
EBITDA	$217M
EPS	$5
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$841M
Cost of Revenue	$455M
GROSS PROFIT	$386M
R&D Expenses	$47M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$176M
Other Expenses	$0
Operating Expenses	$223M
Cost & Expenses	$678M
OPERATING INCOME	$163M
Interest Income	$698.0K
Interest Expense	$0
Other Income/Expenses	$698.0K
INCOME BEFORE TAX	$162M
Income Tax Expense	-$2M
Net Income from Continuing Ops	$170M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$164M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$170M
D&A	$53M
EBIT	$163M
EBITDA	$217M
EPS	$5
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$164M
Depreciation & Amortization	$54M
Stock-Based Compensation	$37M
Deferred Income Tax	-$30M
Other Non-Cash Items	$4M
Change in Working Capital	-$34M
OPERATING CASH FLOW	$196M
Capital Expenditure	-$43M
Acquisitions (Net)	-$11M
Purchases of Investments	-$60M
Sales/Maturities of Investments	$29M
Other Investing Activities	-$1.0K
NET CASH FROM INVESTING	-$85M
Net Debt Issuance	-$10M
Common Stock Repurchased	-$7M
Common Dividends Paid	$0
Other Financing Activities	$7M
NET CASH FROM FINANCING	$39M
FREE CASH FLOW	$153M
Net Change in Cash	$150M

Balance Sheet

Item	Amount
Cash & Equivalents	$186M
Short-Term Investments	$43M
Net Receivables	$258M
Inventory	$0
Other Current Assets	$2M
TOTAL CURRENT ASSETS	$497M
PP&E (Net)	$152M
Goodwill	$658M
Intangible Assets	$230M
Long-Term Investments	$39M
Tax Assets	$0
Other Non-Current Assets	$12M
TOTAL NON-CURRENT ASSETS	$1.1B
TOTAL ASSETS	$1.6B
Account Payables	$8M
Short-Term Debt	$0
Deferred Revenue	$309M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$382M
Long-Term Debt	$0
Deferred Revenue NC	$1M
Deferred Tax Liabilities	$39M
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$40M
TOTAL LIABILITIES	$422M
Common Stock	$481.0K
Additional Paid-In Capital	$627M
Retained Earnings	$624M
Treasury Stock	-$60M
Accum. Other Comp. Income	-$46.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.2B
Minority Interest	$0
TOTAL EQUITY	$1.2B
TOTAL LIABILITIES & EQUITY	$1.6B
Total Debt	$0
Net Debt	-$186M