Tyler Technologies (TYL) FY2017 results: revenue $841 million, up 10.7% on the year
Tyler Technologies Inc. (TYL) reported revenue of $841 million for fiscal 2017, the year ended 31 December 2017, up 10.7% on the year before. Net income was $170 million, up 49.1%, and diluted earnings per share $4.32. The figures are the company's own, from the 10-K it filed with the SEC on 20 February 2019.
Revenue
$841 million
+10.7% on the year
FY2010FY2017
Operating margin
19.4%
18.1% a year earlier
FY2010FY2017
Net income
$170 million
+49.1% on the year
FY2010FY2017
Diluted EPS
$4.32
+47.9% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
841
760
591
+10.7%
Cost of revenue
442
401
314
+10.2%
Gross profit
399
359
277
+11.1%
Gross margin
47.5%
47.3%
46.9%
Selling, general and administrative
176
165
133
+6.5%
Operating income
163
138
108
+18.2%
Operating margin
19.4%
18.1%
18.3%
Pre-tax income
163
136
108
+20.5%
Income tax
-6.1
22.0
43.6
Effective tax rate
-3.7%
16.2%
40.2%
Net income
170
114
64.9
+49.1%
Net margin
20.2%
15.0%
11.0%
Diluted EPS
$4.32
$2.92
$1.77
+47.9%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
196
192
134
+2.0%
Capital expenditure
43.1
37.7
12.5
+14.1%
Free cash flow
153
154
122
-0.9%
Free cash flow margin
18.2%
20.3%
20.6%
Cash from investing
-85.4
-50.7
-398
Cash from financing
39.4
-138
91.1
Depreciation and amortisation
53.4
49.8
19.6
+7.3%
Share-based compensation
37.3
29.7
20.2
+25.6%
Buybacks
7.5
112
0.6
-93.3%
Diluted shares, weighted
39m
39m
37m
+0.7%
Shares outstanding at period end
48m
48m
48m
0.0%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
1,192
935
874
+27.5%
Debt
0.0
n/a
66.0
Other liabilities
420
444
417
-5.5%
Total liabilities and equity
1,611
1,379
1,357
+16.9%
Fixed assets
152
124
101
+22.6%
Goodwill
658
650
654
+1.2%
Intangible assets
230
267
295
-14.1%
Investments
43.2
20.3
13.4
+112.9%
Cash and equivalents
186
36.2
33.1
+414.3%
Receivables
246
200
176
+22.9%
Other assets
96.2
80.0
83.5
+20.2%
Total assets
1,611
1,379
1,357
+16.9%
10-K for the year ended 31 December 2017, filed 20 February 2019: the filing.