10-Q Filing

TYLER TECHNOLOGIES INC CIK: 860731 Q3 2018

Filing Information

Form Type	10-Q
Accession Number	`0000860731-18-000043`
Period End Date	20180930
Filing Date	20181031
Fiscal Year	2018
Fiscal Period	Q3
XBRL Instance	tyl-20180930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 52 Cash Flow Statement 56

Balance Sheet 76 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$5.11M	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$5.43M	USD	Point-in-time
Preferred stock, par value (usd per share)	`PreferredStockParOrStatedValuePerShare`	$10.00	USD	Point-in-time
Preferred stock, par value (usd per share)	`PreferredStockParOrStatedValuePerShare`	$10.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$124.60M	USD	Point-in-time
Preferred stock, shares authorized (shares)	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$36.15M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$219.45M	USD	Point-in-time
Preferred stock, shares authorized (shares)	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$185.93M	USD	Point-in-time
Preferred stock, shares issued (shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued (shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable [less allowance for doubtful accounts of $5,110 in 2018 and $5,427 in 2017]	`AccountsReceivableNetCurrent`	$246.19M	USD	Point-in-time
Accounts receivable [less allowance for doubtful accounts of $5,110 in 2018 and $5,427 in 2017]	`AccountsReceivableNetCurrent`	$281.52M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$43.16M	USD	Point-in-time
Common stock, par value (usd per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$52.35M	USD	Point-in-time
Common stock, par value (usd per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$32.79M	USD	Point-in-time
Common stock, shares authorized (shares)	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares authorized (shares)	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$32.21M	USD	Point-in-time
Income tax receivable	`IncomeTaxReceivable`	$13.28M	USD	Point-in-time
Common stock, shares issued (shares)	`CommonStockSharesIssued`	48.15M	shares	Point-in-time
Common stock, shares issued (shares)	`CommonStockSharesIssued`	48.15M	shares	Point-in-time
Income tax receivable	`IncomeTaxReceivable`	$11.34M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$2.30M	USD	Point-in-time
Common stock, shares outstanding (shares)	`CommonStockSharesOutstanding`	48.15M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$2.00M	USD	Point-in-time
Common stock, shares outstanding (shares)	`CommonStockSharesOutstanding`	48.15M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$520.82M	USD	Point-in-time
Treasury stock (shares)	`TreasuryStockShares`	9.18M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$601.69M	USD	Point-in-time
Treasury stock (shares)	`TreasuryStockShares`	10.26M	shares	Point-in-time
Accounts receivable, long-term	`AccountsReceivableNetNoncurrent`	$12.97M	USD	Point-in-time
Accounts receivable, long-term	`AccountsReceivableNetNoncurrent`	$12.11M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$156.50M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$152.31M	USD	Point-in-time
Goodwill	`Goodwill`	$657.99M	USD	Point-in-time
Goodwill	`Goodwill`	$749.50M	USD	Point-in-time
Other intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$229.62M	USD	Point-in-time
Other intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$282.81M	USD	Point-in-time
Non-current investments and other assets	`InvestmentsAndOtherNoncurrentAssets`	$38.51M	USD	Point-in-time
Non-current investments and other assets	`InvestmentsAndOtherNoncurrentAssets`	$61.16M	USD	Point-in-time
Total assets	`Assets`	$1.61B	USD	Point-in-time
Total assets	`Assets`	$1.86B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$8.17M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.60M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$66.02M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$64.67M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$326.42M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$298.61M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$397.04M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$371.46M	USD	Point-in-time
Deferred revenue, long-term	`ContractWithCustomerLiabilityNoncurrent`	$493.00K	USD	Point-in-time
Deferred revenue, long-term	`ContractWithCustomerLiabilityNoncurrent`	$1.27M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$46.88M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$44.97M	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 September 30, 2018 and December 31, 2017	`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 September 30, 2018 and December 31, 2017	`CommonStockValue`	$481.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$724.93M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$626.87M	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`	$624.46M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$740.37M	USD	Point-in-time
Treasury stock, at cost; 9,179,922 and 10,262,182 shares in 2018 and 2017, respectively	`TreasuryStockValue`	$60.03M	USD	Point-in-time
Treasury stock, at cost; 9,179,922 and 10,262,182 shares in 2018 and 2017, respectively	`TreasuryStockValue`	$43.62M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$1.19B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$1.42B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$1.86B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$1.61B	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
Total revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$236.07M	USD	1 Quarter
Total revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$693.30M	USD	3 Qtrs
Total revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$214.71M	USD	1 Quarter
Total revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$623.20M	USD	3 Qtrs
Total cost of revenues	`CostOfGoodsAndServicesSold`	$124.44M	USD	1 Quarter
Total cost of revenues	`CostOfGoodsAndServicesSold`	$110.72M	USD	1 Quarter
Total cost of revenues	`CostOfGoodsAndServicesSold`	$329.17M	USD	3 Qtrs
Total cost of revenues	`CostOfGoodsAndServicesSold`	$369.59M	USD	3 Qtrs
Gross profit	`GrossProfit`	$111.63M	USD	1 Quarter
Gross profit	`GrossProfit`	$323.71M	USD	3 Qtrs
Gross profit	`GrossProfit`	$103.99M	USD	1 Quarter
Gross profit	`GrossProfit`	$294.03M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$152.47M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$44.51M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$130.29M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$52.60M	USD	1 Quarter
Research and development expense	`ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost`	$35.31M	USD	3 Qtrs
Research and development expense	`ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost`	$11.83M	USD	1 Quarter
Research and development expense	`ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost`	$17.05M	USD	1 Quarter
Research and development expense	`ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost`	$45.93M	USD	3 Qtrs
Amortization of customer and trade name intangibles	`AmortizationOfIntangibleAssets`	$3.36M	USD	1 Quarter
Amortization of customer and trade name intangibles	`AmortizationOfIntangibleAssets`	$10.02M	USD	3 Qtrs
Amortization of customer and trade name intangibles	`AmortizationOfIntangibleAssets`	$4.39M	USD	1 Quarter
Amortization of customer and trade name intangibles	`AmortizationOfIntangibleAssets`	$11.74M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$44.28M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$37.59M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$113.56M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$118.41M	USD	3 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$1.04M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$2.20M	USD	3 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$75.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-216.00K	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$38.63M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$44.36M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$115.76M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$118.19M	USD	3 Qtrs
Income tax (benefit) provision	`IncomeTaxExpenseBenefit`	$5.52M	USD	1 Quarter
Income tax (benefit) provision	`IncomeTaxExpenseBenefit`	$-298.00K	USD	1 Quarter
Income tax (benefit) provision	`IncomeTaxExpenseBenefit`	$-147.00K	USD	3 Qtrs
Income tax (benefit) provision	`IncomeTaxExpenseBenefit`	$14.82M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$38.92M	USD	1 Quarter
Net income	`NetIncomeLoss`	$115.91M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$38.84M	USD	1 Quarter
Net income	`NetIncomeLoss`	$103.38M	USD	3 Qtrs
Basic (usd per share)	`EarningsPerShareBasic`	$2.78	USD	3 Qtrs
Basic (usd per share)	`EarningsPerShareBasic`	$3.01	USD	3 Qtrs
Basic (usd per share)	`EarningsPerShareBasic`	$1.04	USD	1 Quarter
Basic (usd per share)	`EarningsPerShareBasic`	$1.00	USD	1 Quarter
Diluted (usd per share)	`EarningsPerShareDiluted`	$0.99	USD	1 Quarter
Diluted (usd per share)	`EarningsPerShareDiluted`	$2.63	USD	3 Qtrs
Diluted (usd per share)	`EarningsPerShareDiluted`	$0.96	USD	1 Quarter
Diluted (usd per share)	`EarningsPerShareDiluted`	$2.87	USD	3 Qtrs

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$38.92M	USD	1 Quarter
Net income	`NetIncomeLoss`	$115.91M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$38.84M	USD	1 Quarter
Net income	`NetIncomeLoss`	$103.38M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$45.63M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$39.70M	USD	3 Qtrs
Share-based compensation expense	`ShareBasedCompensation`	$37.97M	USD	3 Qtrs
Share-based compensation expense	`ShareBasedCompensation`	$27.37M	USD	3 Qtrs
Deferred income tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-5.03M	USD	3 Qtrs
Deferred income tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-13.71M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$31.39M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$6.67M	USD	3 Qtrs
Income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-467.00K	USD	3 Qtrs
Income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-1.94M	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-983.00K	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$3.66M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-4.73M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-2.73M	USD	3 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$1.52M	USD	3 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$1.32M	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$20.44M	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$-2.14M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$142.38M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$179.35M	USD	3 Qtrs
Additions to property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$23.46M	USD	3 Qtrs
Additions to property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$37.73M	USD	3 Qtrs
Purchase of marketable security investments	`PaymentsToAcquireMarketableSecurities`	$92.64M	USD	3 Qtrs
Purchase of marketable security investments	`PaymentsToAcquireMarketableSecurities`	$49.91M	USD	3 Qtrs
Proceeds from marketable security investments	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$21.18M	USD	3 Qtrs
Proceeds from marketable security investments	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$60.21M	USD	3 Qtrs
Cost of acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$167.31M	USD	3 Qtrs
Cost of acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$9.76M	USD	3 Qtrs
Decrease in other	`PaymentsForProceedsFromOtherInvestingActivities`	$-857.00K	USD	3 Qtrs
Decrease in other	`PaymentsForProceedsFromOtherInvestingActivities`	$-418.00K	USD	3 Qtrs
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-222.34M	USD	3 Qtrs
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-75.81M	USD	3 Qtrs
Decrease in net borrowings on revolving line of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$-10.00M	USD	3 Qtrs
Decrease in net borrowings on revolving line of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	-	USD	3 Qtrs
Purchase of treasury shares	`PaymentsForRepurchaseOfCommonStock`	$7.03M	USD	3 Qtrs
Purchase of treasury shares	`PaymentsForRepurchaseOfCommonStock`	-	USD	3 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$33.57M	USD	3 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$70.54M	USD	3 Qtrs
Contributions from employee stock purchase plan	`ProceedsFromStockPlans`	$5.34M	USD	3 Qtrs
Contributions from employee stock purchase plan	`ProceedsFromStockPlans`	$5.98M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$76.51M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$21.88M	USD	3 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$88.45M	USD	3 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$33.53M	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$124.60M	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`	$219.45M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$185.93M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$124.60M	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`	$219.45M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$185.93M	USD	Point-in-time

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