Tyler Technologies (TYL) FY2015 results: revenue $591 million, up 19.9% on the year
Tyler Technologies Inc. (TYL) reported revenue of $591 million for fiscal 2015, the year ended 31 December 2015, up 19.9% on the year before. Net income was $65 million, up 10.1%, and diluted earnings per share $1.77. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2016.
Revenue
$591 million
+19.9% on the year
FY2009FY2015
Operating margin
18.3%
19.2% a year earlier
FY2009FY2015
Net income
$65 million
+10.1% on the year
FY2009FY2015
Diluted EPS
$1.77
+6.6% on the year
FY2009FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
591
493
417
+19.9%
Cost of revenue
314
260
223
+20.8%
Gross profit
277
233
193
+18.8%
Gross margin
46.9%
47.3%
46.4%
Selling, general and administrative
133
108
98.3
+23.1%
Operating income
108
94.8
67.1
+13.9%
Operating margin
18.3%
19.2%
16.1%
Pre-tax income
108
94.5
65.8
+14.8%
Income tax
43.6
35.5
26.7
+22.6%
Effective tax rate
40.2%
37.6%
40.6%
Net income
64.9
58.9
39.1
+10.1%
Net margin
11.0%
12.0%
9.4%
Diluted EPS
$1.77
$1.66
$1.13
+6.6%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
134
n/a
66.1
Capital expenditure
12.5
9.3
26.9
+33.8%
Free cash flow
122
n/a
39.2
Free cash flow margin
20.6%
n/a
9.4%
Cash from investing
-398
n/a
n/a
Cash from financing
91.1
n/a
n/a
Depreciation and amortisation
19.6
14.6
13.8
+34.0%
Share-based compensation
20.2
14.8
11.7
+36.2%
Buybacks
0.6
22.8
n/a
-97.2%
Diluted shares, weighted
37m
35m
35m
+3.3%
Shares outstanding at period end
48m
n/a
n/a
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
874
337
246
+159.4%
Debt
66.0
0.0
0.0
Other liabilities
417
233
198
+78.9%
Total liabilities and equity
1,357
570
444
+138.1%
Fixed assets
101
65.9
64.8
+53.4%
Goodwill
654
124
121
+426.5%
Intangible assets
295
34.7
39.0
+750.7%
Investments
13.4
n/a
1.3
Cash and equivalents
33.1
206
78.9
-84.0%
Receivables
176
113
107
+56.5%
Other assets
83.5
26.2
32.9
+218.7%
Total assets
1,357
570
444
+138.1%
10-K for the year ended 31 December 2015, filed 24 February 2016: the filing.