TYLER TECHNOLOGIES, INC. TYL Cash Flow

Tyler technologies, inc. (TYL)

CashFlow / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11
Cash flows from operating activities:
Cash flows from operating activities:
Net income
166,729	146,527	131,289	129,823	136,985	147,462	182,106	182,018	174,627	169,571	138,415	135,009	128,246	113,701	87,279	71,991	65,820	64,869	71,568	68,426	64,330	58,940	54,135	48,184	42,491	39,101	37,965	37,748	35,806	32,994	32,317	28,991	27,510	27,557	0	0	0
Adjustments to reconcile net income to cash provided by operating activities:
Depreciation and amortization
79,349	76,672	72,679	68,854	64,955	61,759	59,322	56,942	54,540	53,395	51,952	51,025	50,564	49,773	45,509	36,940	28,037	19,574	15,255	14,808	14,662	14,605	14,629	14,386	14,120	13,786	13,188	13,056	13,007	12,711	12,514	11,793	11,117	10,676	0	0	0
Share-based compensation expense
62,853	59,967	59,143	58,732	56,599	52,740	47,946	43,261	39,229	37,348	35,767	33,632	31,943	29,747	27,071	25,013	22,404	20,182	18,391	16,678	15,615	14,819	14,001	13,177	12,540	11,653	10,444	9,286	8,151	7,411	7,174	6,887	6,639	6,253	0	0	0
Operating lease right-of-use assets expense
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefit from exercises of share-based arrangements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	21,724	25,752	28,842	28,207	18,681	12,844	9,601	8,764	5,152	3,479	4,004	3,590	0	0	0
Deferred income tax benefit
-3,971	-6,088	-10,364	-7,313	-7,196	-5,069	-24,993	-30,013	-32,452	-33,664	-28,848	-35,706	-30,394	-26,432	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in operating assets and liabilities, exclusive of effects of acquired companies:
Accounts receivable
18,378	65,738	55,067	71,104	71,521	50,916	57,812	49,627	40,406	33,091	26,791	31,564	32,968	34,760	28,457	27,078	742	28,172	17,417	7,333	24,890	8,912	22,137	24,033	5,748	7,488	12,458	20,777	16,304	6,825	536	8,224	-8,279	8,544	0	0	0
Income tax receivable
-20,675	1,925	-147	-74	1,730	-6,642	6,969	15,993	4,921	8,444	-20,421	-23,996	-19,796	-18,185	-27,240	-30,490	-23,462	-24,255	-40,545	-34,128	-28,418	-29,117	6,137	-8,774	-5,565	-18,898	-19,177	-9,979	-15,696	-7,791	-6,776	-7,826	-7,409	-6,084	0	0	0
Prepaid expenses and other current assets
16,300	8,976	9,201	9,245	5,783	588	2,312	2,976	4,706	6,958	4,586	3,116	2,747	-246	1,959	3,940	1,743	3,054	2,052	2,176	1,386	3,696	2,974	3,627	4,497	4,154	2,338	2,224	753	-110	-139	-338	212	214	0	0	0
Accounts payable
6,884	7,403	3,861	2,733	-2,165	-2,416	-1,118	-5,873	292	878	-1,429	2,775	-306	387	104	787	507	652	353	1,164	1,219	1,586	-551	-1,194	44	-574	1,708	1,939	-319	-369	-1,771	-767	126	575	0	0	0
Operating lease liabilities
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued liabilities
-6,934	1,516	-5,347	9,756	11,747	-2,445	6,257	4,926	4,037	6,050	3,518	-5,227	6,516	10,717	12,354	11,058	5,175	490	4,792	4,878	3,231	6,326	7,862	5,019	1,358	7,655	-289	21	1,818	-530	2,646	1,538	-4,984	4,887	0	0	0
Deferred revenue
41,021	44,442	50,367	36,550	31,570	43,603	31,219	13,616	6,982	8,639	5,755	16,907	26,805	25,811	48,628	44,510	35,787	41,731	14,390	15,801	24,894	31,961	33,820	28,674	13,913	16,188	30,719	29,519	13,955	13,393	2,972	6,225	9,933	14,862	0	0	0
Net cash provided by operating activities
287,469	254,720	249,377	231,427	229,529	250,203	232,727	213,410	192,207	195,755	194,186	180,593	198,717	191,859	204,468	180,355	177,743	134,327	117,621	128,824	124,184	142,839	102,520	78,332	65,566	66,090	75,115	66,829	57,668	58,668	53,584	45,533	57,052	56,435	0	0	0
Cash flows from investing activities:
Additions to property and equipment
34,265	37,236	32,797	36,524	30,849	27,424	28,783	27,886	32,132	43,057	45,931	45,890	40,824	37,726	33,505	28,334	27,314	12,501	9,831	8,992	7,622	9,343	14,633	19,496	25,399	26,858	23,013	18,607	13,143	9,102	8,703	8,196	5,522	12,278	0	0	0
Purchase of cost method investment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	15,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of marketable security investments
78,423	54,742	50,309	50,892	75,253	115,625	102,512	113,237	96,613	59,779	57,094	31,101	21,034	20,316	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from marketable security investments
68,757	70,796	77,851	81,739	90,404	81,205	67,819	50,911	32,967	28,786	28,756	27,340	20,708	16,837	0	0	0	-	-	-	-	-	-	-	-	1,090	50	75	75	75	75	50	50	50	0	0	0
Purchase of investment in common shares
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from the sale of investment in preferred shares
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment in software
5,429	4,804	3,540	2,232	690	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of acquisitions, net of cash acquired
19,865	218,734	210,655	220,161	377,223	178,093	0	0	0	-	-	-	-	9,394	342,908	342,908	341,636	339,961	0	0	0	-	-	-	-	-	-	-	-	25,680	32,527	32,473	23,172	17,298	0	0	0
(Increase) decrease in other
907	295	-332	-2,300	-1,503	-1,682	-438	119	-758	1	-349	-92	88	121	0	0	0	-	-	-	-	-222	-239	-339	-360	-291	0	0	0	-	-	-	-	-717	0	0	0
Net cash used by investing activities
-65,132	-245,015	-219,118	-225,770	-392,108	-238,255	-231,929	-252,972	-106,364	-85,395	-83,681	-55,414	-48,632	-50,720	-381,947	-400,143	-403,381	-398,459	-60,661	-39,452	-25,467	-11,555	-15,788	-18,092	-24,155	-25,658	-33,394	-28,891	-32,664	-34,736	-40,596	-40,177	-28,141	-28,809	0	0	0
Cash flows from financing activities:
Increase in net borrowings on revolving line of credit
0	-	-	0	0	-	-	20,000	20,000	10,000	-34,000	-135,000	-140,000	-56,000	0	0	0	-	-	-	-	-	-	-	-	-18,000	-93,400	-55,700	-65,400	-42,700	98,400	34,200	34,900	34,200	0	0	0
Purchase of treasury shares
15,482	17,786	164,339	164,339	164,339	146,553	442	442	442	7,474	24,371	24,373	24,940	111,838	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	71,802	0	0	0
Payment of contingent consideration
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from exercise of stock options
136,616	96,908	66,666	52,722	62,137	74,907	86,813	70,802	54,292	49,845	42,006	41,094	36,597	23,527	29,880	22,224	21,516	23,160	16,310	17,292	16,081	14,680	15,627	17,925	18,676	18,289	16,272	14,565	13,156	12,443	7,555	4,496	4,134	3,553	0	0	0
Contributions from employee stock purchase plan
9,696	9,576	9,400	8,900	8,602	8,051	7,680	7,377	7,192	7,044	7,149	6,845	6,648	6,236	5,733	5,246	5,009	4,671	4,474	4,373	4,195	4,144	4,044	3,922	3,721	3,542	3,344	3,109	2,802	2,641	2,405	2,287	2,098	2,045	0	0	0
Excess tax benefit from exercises of share-based arrangements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	21,724	25,752	28,842	28,207	18,681	12,844	9,601	8,764	5,152	3,479	4,004	3,590	0	0	0
Net cash provided by financing activities
40,211	88,698	-88,273	-87,717	-8,600	-63,595	94,051	77,737	61,042	39,415	-9,216	-111,434	-121,695	-138,075	-37,821	57,012	66,258	91,052	24,223	26,639	-1,141	-3,993	18,578	24,784	51,239	32,038	10,297	-35,182	-30,441	-18,852	-18,165	-6,456	-21,227	-28,414	0	0	0
Net increase (decrease) in cash and cash equivalents
262,548	98,403	-58,014	-82,060	-171,179	-51,647	94,849	38,175	146,885	149,775	101,289	13,745	28,390	3,064	-215,300	-162,776	-159,380	-173,080	81,183	116,011	97,576	127,291	105,310	85,024	92,650	72,470	52,018	2,756	-5,437	5,080	-5,177	-1,100	7,684	-788	0	0	0