TYLER TECHNOLOGIES, INC. TYL Income Statement

Tyler technologies, inc. (TYL)

Income statement / Quarterly

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	Sep'10	Jun'10
Revenues:
Total revenues
276,541	288,837	275,400	275,124	247,066	241,981	236,067	236,060	221,174	217,701	214,706	208,763	199,729	197,118	194,497	188,972	179,293	158,916	150,845	146,295	134,966	127,440	128,664	124,371	112,626	110,735	107,021	103,088	95,799	95,368	93,845	91,368	82,723	82,079	77,184	76,735	73,393	73,769	72,600
Cost of revenues:
Total cost of revenues
147,410	146,562	144,683	147,264	131,018	126,110	124,441	126,784	118,369	112,351	110,717	113,260	105,194	100,464	101,017	102,036	97,175	85,694	79,012	78,042	71,087	66,949	66,872	65,813	60,096	57,968	57,472	56,046	51,954	50,728	48,901	50,669	45,304	43,059	41,052	42,598	40,770	40,562	40,125
Gross profit
129,131	142,275	130,717	127,860	116,048	115,871	111,626	109,276	102,805	105,350	103,989	95,503	94,535	96,654	93,480	86,936	82,118	73,222	71,833	68,253	63,879	60,491	61,792	58,558	52,530	52,767	49,549	47,042	43,845	44,640	44,944	40,699	37,419	39,020	36,132	34,137	32,623	33,207	32,475
Selling, general and administrative expenses
67,485	70,265	63,888	65,827	57,766	55,134	52,605	52,262	47,604	45,621	44,513	43,000	42,780	40,178	42,007	42,232	40,759	42,507	31,869	30,396	28,545	28,130	27,344	27,419	25,367	26,091	24,581	24,971	22,646	22,763	20,909	21,699	21,335	21,141	18,755	18,466	17,288	17,337	17,439
Research and development expense
22,361	21,128	21,130	20,101	18,941	17,371	17,050	15,831	13,048	11,993	11,834	11,874	11,599	11,838	11,070	10,336	9,956	8,615	7,193	7,110	7,004	6,615	6,567	6,389	6,172	6,095	5,982	5,594	5,598	5,365	4,273	5,408	5,094	2,634	4,196	5,035	4,549	3,233	3,744
Amortization of other intangibles
5,392	-	-	-	4,850	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of other intangibles
-	-	5,646	5,266	-	-	4,386	4,041	3,315	-	3,360	3,331	3,325	-	3,458	3,453	3,362	6,715	1,282	1,151	1,152	3,007	1,136	1,128	1,129	3,412	1,129	1,128	1,131	3,314	1,103	1,137	946	923	801	803	804	806	807
Amortization of customer and trade name intangibles
5,392	-	-	-	4,850	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating income
33,893	45,157	40,053	36,666	34,491	38,927	37,585	37,142	38,838	44,347	44,282	37,298	36,831	41,755	36,945	30,915	28,041	19,780	31,489	29,596	27,178	24,593	26,745	23,622	19,862	19,452	17,857	15,349	14,470	15,419	18,659	12,455	10,044	14,322	12,380	9,833	9,982	11,831	10,485
Other income, net
990	2,633	499	-247	586	1,180	1,041	558	599	914	75	-101	-190	-285	-526	-720	-467	-240	255	185	181	167	-47	-216	-259	-390	-285	-296	-338	-384	-849	-773	-703	-1,818	-562	-524	500	-568	-102
Income before income taxes
34,883	47,790	40,552	36,419	35,077	40,107	38,626	37,700	39,437	45,261	44,357	37,197	36,641	41,470	36,419	30,195	27,574	19,540	31,744	29,781	27,359	24,760	26,698	23,406	19,603	19,062	17,572	15,053	14,132	15,035	17,810	11,682	9,341	13,504	11,818	9,309	9,482	11,263	10,383
Income tax (benefit) provision
-12,667	1,000	162	4,420	7,729	8,555	-298	-1,461	1,612	-20,935	5,521	5,427	3,872	6,430	989	5,188	9,350	10,922	11,602	10,945	10,086	9,443	9,698	8,666	7,720	8,550	6,523	6,006	5,639	5,659	6,978	4,577	3,660	4,805	4,312	3,685	3,754	4,540	4,134
Net income
47,550	46,790	40,390	31,999	27,348	31,552	38,924	39,161	37,825	66,196	38,836	31,770	32,769	35,040	35,430	25,007	18,224	8,618	20,142	18,836	17,273	15,317	17,000	14,740	11,883	10,512	11,049	9,047	8,493	9,376	10,832	7,105	5,681	8,699	7,506	5,624	5,728	6,723	6,249
Earnings per common share:
Basic (usd per share)
1.20	1.21	1.04	0.83	0.71	0.82	1.00	1.02	1.00	1.76	1.04	0.86	0.89	0.96	0.97	0.69	0.50	0.24	0.59	0.56	0.51	0.46	0.52	0.45	0.36	0.33	0.34	0.29	0.27	0.30	0.36	0.24	0.19	0.28	0.24	0.18	0.18	0.20	0.18
Diluted (usd per share)
1.16	1.16	1.00	0.80	0.69	0.80	0.96	0.97	0.95	1.68	0.99	0.81	0.84	0.89	0.91	0.65	0.47	0.22	0.55	0.52	0.48	0.43	0.48	0.42	0.33	0.30	0.32	0.26	0.25	0.28	0.33	0.22	0.17	0.26	0.23	0.17	0.17	0.19	0.17
Comprehensive income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	17,000	14,740	11,883	10,675	11,049	9,106	8,493	9,381	10,914	7,105	5,681	-	7,506	-	-	-	-
Basic weighted average common shares outstanding
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	34,103	34,862
Diluted weighted average common shares outstanding
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	35,410	36,203
Software licenses and royalties
Total revenues
18,737	32,358	25,379	20,675	21,793	25,821	22,444	22,400	22,776	22,416	22,762	19,306	21,758	29,402	19,930	17,551	16,850	14,432	15,690	14,586	14,300	12,524	13,226	12,083	11,232	11,426	10,495	10,090	8,830	8,970	8,973	8,422	7,563	9,833	7,631	8,308	6,822	9,260	8,735
Total cost of revenues
740	1,258	971	891	818	863	957	1,204	778	1,117	826	647	731	1,037	623	666	638	449	147	483	553	461	565	343	531	676	583	692	426	475	458	484	566	714	536	989	795	912	852
Subscriptions
Total revenues
81,723	80,330	75,272	73,475	67,275	59,811	58,699	53,009	49,028	47,445	44,352	40,517	39,862	37,731	36,869	33,968	34,089	30,660	29,036	26,949	25,288	23,713	22,694	20,934	20,507	19,314	15,214	13,863	13,473	12,762	11,335	10,553	9,968	8,930	7,989	7,277	6,964	6,020	5,807
Software services
Total revenues
52,133	52,220	54,997	57,401	48,443	46,457	48,199	50,674	45,939	46,059	46,045	45,860	42,496	38,440	44,738	46,040	42,430	38,087	36,398	34,563	30,804	28,227	31,159	30,128	24,307	23,861	24,860	24,085	20,461	21,042	22,099	21,737	18,530	17,217	17,644	17,992	16,764	16,718	18,506
Maintenance
Total revenues
114,365	113,644	109,833	106,689	100,152	98,333	96,215	96,076	93,897	-	91,847	-	86,307	83,223	83,000	78,743	76,032	67,708	61,018	59,463	57,348	55,792	54,713	51,951	50,240	49,740	49,291	46,639	46,050	45,489	44,452	42,060	39,850	38,919	37,011	35,056	35,512	34,729	33,212
Appraisal services
Total revenues
5,763	6,024	6,008	6,233	5,214	5,376	5,544	5,532	5,394	5,755	6,290	6,366	6,612	6,204	6,541	6,984	6,558	5,728	6,557	6,691	6,089	5,705	5,802	5,444	4,851	4,971	5,207	5,056	5,591	5,496	5,594	5,771	5,682	5,283	5,761	5,987	6,197	5,612	4,925
Total cost of revenues
4,385	4,031	4,096	3,758	3,452	3,445	3,505	3,568	3,781	3,718	4,089	4,282	4,197	3,938	4,053	4,458	3,962	3,525	3,984	4,278	4,135	3,544	3,764	3,665	3,311	3,232	3,360	3,418	3,799	3,619	3,598	3,876	3,796	3,248	3,776	3,702	3,824	3,434	3,131
Hardware and other
Total revenues
3,820	4,261	3,911	10,651	4,189	6,183	4,966	8,369	4,140	3,672	3,410	7,903	2,694	2,118	3,419	5,686	3,334	2,301	2,146	4,043	1,137	1,479	1,070	3,831	1,489	1,423	1,954	3,355	1,394	1,609	1,392	2,825	1,130	1,897	1,148	2,115	1,134	1,430	1,415
Total cost of revenues
2,479	2,602	3,096	8,868	2,906	3,990	2,574	6,801	2,343	2,187	2,293	6,799	1,316	1,662	2,120	4,515	1,846	1,223	1,565	3,147	566	797	667	3,087	774	951	1,230	2,580	798	948	882	2,709	719	1,349	808	2,161	676	1,110	1,149
Acquired software
Total cost of revenues
8,027	7,997	7,975	7,988	6,682	5,969	5,897	5,724	5,382	5,443	5,473	5,360	5,410	5,498	5,598	5,680	5,459	2,976	552	456	456	485	448	444	481	493	513	523	549	518	478	482	410	343	243	244	295	398	398
Software services, maintenance and subscriptions
Total cost of revenues
131,779	130,674	128,545	125,759	117,160	111,843	111,508	109,487	106,085	99,886	98,036	96,172	93,540	88,329	88,623	86,717	85,270	77,521	72,764	69,678	65,377	61,662	61,428	58,274	54,999	52,616	51,786	48,833	46,382	45,168	43,485	43,118	39,813	37,405	35,689	35,502	35,180	34,708	34,595