Tyler Technologies (TYL) FY2021 results: revenue $1.6 billion, up 42.6% on the year
Tyler Technologies Inc. (TYL) reported revenue of $1.6 billion for fiscal 2021, the year ended 31 December 2021, up 42.6% on the year before. Net income was $161 million, down 17.1%, and diluted earnings per share $3.82. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2022.
Revenue
$1.6 billion
+42.6% on the year
FY2014FY2021
Operating margin
11.4%
15.5% a year earlier
FY2014FY2021
Net income
$161 million
-17.1% on the year
FY2014FY2021
Diluted EPS
$3.82
-18.6% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
372
355
255
+4.7%
Capital expenditure
33.9
22.7
37.2
+49.5%
Free cash flow
338
332
217
+1.6%
Free cash flow margin
21.2%
29.8%
20.0%
Cash from investing
-2,091
-98.3
-245
Cash from financing
1,425
114
88.7
+1,147.9%
Depreciation and amortisation
136
81.7
76.7
+66.1%
Share-based compensation
105
67.4
60.0
+55.5%
Buybacks
13.0
15.5
17.8
-16.2%
Diluted shares, weighted
42m
42m
40m
+1.7%
Shares outstanding at period end
48m
48m
48m
0.0%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
2,324
1,986
1,617
+17.0%
Debt
1,341
0.0
0.0
Operating lease liabilities
36.3
16.3
16.8
+123.2%
Other liabilities
1,031
605
558
+70.4%
Total liabilities and equity
4,732
2,607
2,192
+81.5%
Fixed assets
181
168
172
+7.9%
Goodwill
2,360
838
840
+181.4%
Intangible assets
1,052
322
379
+226.8%
Investments
98.7
155
39.4
-36.3%
Cash and equivalents
309
604
233
-48.8%
Receivables
521
382
374
+36.3%
Other assets
210
138
155
+52.1%
Total assets
4,732
2,607
2,192
+81.5%
10-K for the year ended 31 December 2021, filed 23 February 2022: the filing.