10-Q Filing

TYLER TECHNOLOGIES INC CIK: 860731 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0000860731-17-000019`
Period End Date	20170331
Filing Date	20170426
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	tyl-20170331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 80 Income Statement 48 Cash Flow Statement 54

Balance Sheet 80 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for losses	`AllowanceForDoubtfulAccountsReceivableCurrent`	$3.40M	USD	Point-in-time
Accounts receivable, allowance for losses	`AllowanceForDoubtfulAccountsReceivableCurrent`	$4.11M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$10.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$10.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$63.73M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$35.34M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$36.15M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$33.09M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable (less allowance for losses of $4,105 in 2017 and $3,396 in 2016)	`AccountsReceivableNetCurrent`	$163.72M	USD	Point-in-time
Accounts receivable (less allowance for losses of $4,105 in 2017 and $3,396 in 2016)	`AccountsReceivableNetCurrent`	$200.33M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$20.06M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$20.27M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$21.45M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$21.04M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	48.15M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	48.15M	shares	Point-in-time
Income tax receivable	`IncomeTaxReceivable`	-	USD	Point-in-time
Income tax receivable	`IncomeTaxReceivable`	$2.90M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	48.15M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	48.15M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$2.62M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$2.27M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	11.09M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$282.96M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$271.57M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	11.38M	shares	Point-in-time
Accounts receivable, long-term	`AccountsReceivableNetNoncurrent`	$2.48M	USD	Point-in-time
Accounts receivable, long-term	`AccountsReceivableNetNoncurrent`	$2.58M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$124.27M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$142.11M	USD	Point-in-time
Goodwill	`Goodwill`	$650.24M	USD	Point-in-time
Goodwill	`Goodwill`	$650.24M	USD	Point-in-time
Other intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$258.28M	USD	Point-in-time
Other intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$267.26M	USD	Point-in-time
Non-current investments and other assets	`InvestmentsAndOtherNoncurrentAssets`	$30.74M	USD	Point-in-time
Non-current investments and other assets	`InvestmentsAndOtherNoncurrentAssets`	$30.90M	USD	Point-in-time
Total assets	`Assets`	$1.36B	USD	Point-in-time
Total assets	`Assets`	$1.36B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$7.29M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$6.13M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$55.99M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$41.23M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$270.21M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$298.22M	USD	Point-in-time
Current income tax payable	`TaxesPayableCurrent`	$4.68M	USD	Point-in-time
Current income tax payable	`TaxesPayableCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$322.25M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$361.50M	USD	Point-in-time
Revolving line of credit	`LongTermLineOfCredit`	$10.00M	USD	Point-in-time
Revolving line of credit	`LongTermLineOfCredit`	-	USD	Point-in-time
Deferred revenue, long-term	`DeferredRevenueNoncurrent`	$2.14M	USD	Point-in-time
Deferred revenue, long-term	`DeferredRevenueNoncurrent`	$1.91M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$68.78M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$64.69M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $10.00 par value; 1,000,000 shares authorized; none issued	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $10.00 par value; 1,000,000 shares authorized; none issued	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.01 par value; 100,000,000 shares authorized; 48,147,969 shares issued and outstanding as of March 31, 2017 and December 31, 2016	`CommonStockValue`	$481.00K	USD	Point-in-time
Common stock, $0.01 par value; 100,000,000 shares authorized; 48,147,969 shares issued and outstanding as of March 31, 2017 and December 31, 2016	`CommonStockValue`	$481.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$556.66M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$569.76M	USD	Point-in-time
Accumulated other comprehensive loss, net of tax	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-46.00K	USD	Point-in-time
Accumulated other comprehensive loss, net of tax	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-46.00K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$435.88M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$468.18M	USD	Point-in-time
Treasury stock, at cost; 11,086,018 and 11,381,733 shares in 2017 and 2016, respectively	`TreasuryStockValue`	$71.54M	USD	Point-in-time
Treasury stock, at cost; 11,086,018 and 11,381,733 shares in 2017 and 2016, respectively	`TreasuryStockValue`	$77.45M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$966.84M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$915.52M	USD	Point-in-time
Liabilities and Shareholders' equity, Total	`LiabilitiesAndStockholdersEquity`	$1.36B	USD	Point-in-time
Liabilities and Shareholders' equity, Total	`LiabilitiesAndStockholdersEquity`	$1.36B	USD	Point-in-time

Income Statement 48 line items

Line Item	Tag	Value	Unit	Period
Software licenses and royalties	`LicensesRevenue`	$18.22M	USD	1 Quarter
Software licenses and royalties	`LicensesRevenue`	$16.85M	USD	1 Quarter
Subscriptions	`SubscriptionRevenues`	$34.09M	USD	1 Quarter
Subscriptions	`SubscriptionRevenues`	$40.10M	USD	1 Quarter
Software services	`TechnologyServicesRevenue`	$42.43M	USD	1 Quarter
Software services	`TechnologyServicesRevenue`	$45.02M	USD	1 Quarter
Maintenance	`MaintenanceRevenue`	$86.86M	USD	1 Quarter
Maintenance	`MaintenanceRevenue`	$76.03M	USD	1 Quarter
Appraisal services	`AppraisalServicesRevenue`	$6.61M	USD	1 Quarter
Appraisal services	`AppraisalServicesRevenue`	$6.56M	USD	1 Quarter
Hardware and other	`HardwareAndOtherRevenue`	$3.33M	USD	1 Quarter
Hardware and other	`HardwareAndOtherRevenue`	$2.73M	USD	1 Quarter
Total revenues	`SalesRevenueNet`	$199.54M	USD	1 Quarter
Total revenues	`SalesRevenueNet`	$179.29M	USD	1 Quarter
Software licenses and royalties	`LicenseCosts`	$638.00K	USD	1 Quarter
Software licenses and royalties	`LicenseCosts`	$731.00K	USD	1 Quarter
Acquired software	`CostOfGoodsSoldAmortization`	$5.41M	USD	1 Quarter
Acquired software	`CostOfGoodsSoldAmortization`	$5.46M	USD	1 Quarter
Software services, maintenance and subscriptions	`SoftwareServicesMaintenanceAndSubscriptionsCosts`	$85.27M	USD	1 Quarter
Software services, maintenance and subscriptions	`SoftwareServicesMaintenanceAndSubscriptionsCosts`	$93.54M	USD	1 Quarter
Appraisal services	`AppraisalServices`	$4.20M	USD	1 Quarter
Appraisal services	`AppraisalServices`	$3.96M	USD	1 Quarter
Hardware and other	`HardwareAndOtherCosts`	$1.85M	USD	1 Quarter
Hardware and other	`HardwareAndOtherCosts`	$1.32M	USD	1 Quarter
Total cost of revenues	`CostOfGoodsAndServicesSold`	$97.17M	USD	1 Quarter
Total cost of revenues	`CostOfGoodsAndServicesSold`	$105.19M	USD	1 Quarter
Gross profit	`GrossProfit`	$82.12M	USD	1 Quarter
Gross profit	`GrossProfit`	$94.35M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$43.14M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$40.76M	USD	1 Quarter
Research and development expense	`ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost`	$11.60M	USD	1 Quarter
Research and development expense	`ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost`	$9.96M	USD	1 Quarter
Amortization of customer and trade name intangibles	`AmortizationOfIntangibleAssets`	$3.46M	USD	1 Quarter
Amortization of customer and trade name intangibles	`AmortizationOfIntangibleAssets`	$3.36M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$36.15M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$28.04M	USD	1 Quarter
Other (expense) income, net	`OtherNonoperatingIncomeExpense`	$-190.00K	USD	1 Quarter
Other (expense) income, net	`OtherNonoperatingIncomeExpense`	$-467.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$35.96M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$27.57M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$9.35M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$3.65M	USD	1 Quarter
Net income	`NetIncomeLoss`	$32.31M	USD	1 Quarter
Net income	`NetIncomeLoss`	$18.22M	USD	1 Quarter
Basic (USD per share)	`EarningsPerShareBasic`	$0.88	USD	1 Quarter
Basic (USD per share)	`EarningsPerShareBasic`	$0.50	USD	1 Quarter
Diluted (USD per share)	`EarningsPerShareDiluted`	$0.47	USD	1 Quarter
Diluted (USD per share)	`EarningsPerShareDiluted`	$0.83	USD	1 Quarter

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$32.31M	USD	1 Quarter
Net income	`NetIncomeLoss`	$18.22M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$13.10M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$12.18M	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$6.48M	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$8.68M	USD	1 Quarter
Deferred income tax (benefit) expense	`DeferredIncomeTaxExpenseBenefit`	$92.00K	USD	1 Quarter
Deferred income tax (benefit) expense	`DeferredIncomeTaxExpenseBenefit`	$-4.09M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-35.75M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-36.51M	USD	1 Quarter
Income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$7.58M	USD	1 Quarter
Income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$9.19M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-2.07M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$557.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-473.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.17M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-11.74M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-15.94M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-30.45M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-28.24M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$48.18M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$41.32M	USD	1 Quarter
Additions to property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$19.82M	USD	1 Quarter
Additions to property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$16.72M	USD	1 Quarter
Purchase of marketable security investments	`PaymentsToAcquireMarketableSecurities`	$7.13M	USD	1 Quarter
Purchase of marketable security investments	`PaymentsToAcquireMarketableSecurities`	$6.41M	USD	1 Quarter
Sale of marketable security investments	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$3.02M	USD	1 Quarter
Sale of marketable security investments	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$6.90M	USD	1 Quarter
Cost of acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$2.00M	USD	1 Quarter
Cost of acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	1 Quarter
Increase in other	`PaymentsForProceedsFromOtherInvestingActivities`	$16.00K	USD	1 Quarter
Increase in other	`PaymentsForProceedsFromOtherInvestingActivities`	$49.00K	USD	1 Quarter
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-22.16M	USD	1 Quarter
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-20.07M	USD	1 Quarter
(Decrease) increase in net borrowings on revolving line of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$-10.00M	USD	1 Quarter
(Decrease) increase in net borrowings on revolving line of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$74.00M	USD	1 Quarter
Purchase of treasury shares	`PaymentsForRepurchaseOfCommonStock`	$7.03M	USD	1 Quarter
Purchase of treasury shares	`PaymentsForRepurchaseOfCommonStock`	$93.93M	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$1.78M	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$14.85M	USD	1 Quarter
Contributions from employee stock purchase plan	`ProceedsFromStockPlans`	$1.24M	USD	1 Quarter
Contributions from employee stock purchase plan	`ProceedsFromStockPlans`	$1.65M	USD	1 Quarter
Net cash used by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-16.91M	USD	1 Quarter
Net cash used by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-531.00K	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.25M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$27.58M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$63.73M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$35.34M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$36.15M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$33.09M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$63.73M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$35.34M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$36.15M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$33.09M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.