Tyler Technologies (TYL) FY2022 results: revenue $1.9 billion, up 16.2% on the year
Tyler Technologies Inc. (TYL) reported revenue of $1.9 billion for fiscal 2022, the year ended 31 December 2022, up 16.2% on the year before. Net income was $164 million, up 1.7%, and diluted earnings per share $3.87. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2023.
Revenue
$1.9 billion
+16.2% on the year
FY2015FY2022
Operating margin
11.6%
11.4% a year earlier
FY2015FY2022
Net income
$164 million
+1.7% on the year
FY2015FY2022
Diluted EPS
$3.87
+1.3% on the year
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
381
372
355
+2.6%
Capital expenditure
22.5
33.9
22.7
-33.6%
Free cash flow
359
338
332
+6.2%
Free cash flow margin
19.4%
21.2%
29.8%
Cash from investing
-173
-2,091
-98.3
Cash from financing
-344
1,425
114
Depreciation and amortisation
159
136
81.7
+17.3%
Share-based compensation
103
105
67.4
-1.7%
Buybacks
0.0
13.0
15.5
Diluted shares, weighted
42m
42m
42m
+0.4%
Shares outstanding at period end
48m
48m
48m
0.0%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
2,624
2,324
1,986
+12.9%
Debt
987
1,341
0.0
-26.4%
Operating lease liabilities
48.0
36.3
16.3
+32.2%
Other liabilities
1,028
1,031
605
-0.3%
Total liabilities and equity
4,687
4,732
2,607
-0.9%
Fixed assets
173
181
168
-4.6%
Goodwill
2,489
2,360
838
+5.5%
Intangible assets
1,002
1,052
322
-4.8%
Investments
55.5
98.7
155
-43.7%
Cash and equivalents
174
309
604
-43.8%
Receivables
577
521
382
+10.8%
Other assets
217
210
138
+3.1%
Total assets
4,687
4,732
2,607
-0.9%
10-K for the year ended 31 December 2022, filed 22 February 2023: the filing.