For the year ending 2025-12-31, TYL had $270,679K increase in cash & cash equivalents over the period. $637,528K in free cash flow.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Net income | 315,603 | 263,026 | 165,919 | 164,240 |
| Depreciation and amortization | 138,358 | 143,437 | 154,079 | 159,072 |
| Gains (losses) from sale of investments | 8 | -24 | -1 | -45 |
| Share-based compensation expense | 151,276 | 122,813 | 108,338 | 102,985 |
| Provision (reductions in allowance) for losses and sales adjustments - accounts receivable | 14,647 | -5,504 | 8,233 | 2,781 |
| Amortization of operating lease right-of-use assets | 9,506 | 8,932 | 16,688 | 12,969 |
| Deferred income tax provision (benefit) | 43,851 | -30,663 | -73,704 | -87,192 |
| Other | -80 | -207 | -475 | - |
| Accounts receivable | 61,688 | -28,795 | 39,878 | 51,410 |
| Income tax (payable) receivable | - | -14,441 | - | - |
| Income tax receivable | 12,001 | - | 41,201 | -61,940 |
| Prepaid expenses and other current assets | 18,884 | 29,775 | 19,668 | -910 |
| Accounts payable | 17,836 | 10,509 | 41,485 | -17,537 |
| Operating lease liabilities | -11,146 | -11,650 | -11,533 | -12,396 |
| Accrued liabilities | -3,336 | 43,387 | 13,069 | -24,344 |
| Deferred revenue | 70,291 | 90,775 | 58,513 | 59,460 |
| Other long-term liabilities | -842 | 4,761 | -376 | 9,932 |
| Net cash provided by operating activities | 653,543 | 624,633 | 380,440 | 381,455 |
| Additions to property and equipment | 16,015 | 20,535 | 20,519 | 22,529 |
| Purchase of marketable security investments | 228,465 | 32,448 | 10,617 | 29,935 |
| Proceeds and maturities from marketable security investments | 121,890 | 15,994 | 49,412 | 71,034 |
| Purchase of investment in common shares | - | - | - | 0 |
| Proceeds from the sale of investment in preferred shares | - | - | - | 0 |
| Investment in software development | 16,778 | 29,401 | 32,490 | 27,622 |
| Cost of acquisitions, net of cash acquired | 83,652 | 1,395 | 62,759 | 163,921 |
| Other | -526 | -173 | -13 | -443 |
| Net cash used by investing activities | -222,494 | -67,612 | -76,960 | -172,530 |
| Net borrowings on revolving credit facility | - | - | - | 0 |
| Payment on term loans | 0 | 50,000 | 345,000 | 360,000 |
| Proceeds from term loans | - | - | 0 | 0 |
| Proceeds from issuance of convertible senior notes | - | - | 0 | 0 |
| Payment of debt issuance costs | 0 | 2,637 | 0 | 0 |
| Purchase of treasury shares | 174,650 | - | 0 | 0 |
| Payment of contingent consideration | - | - | - | 0 |
| Proceeds from exercise of stock options, net of withheld shares for taxes upon equity award settlement | 3,144 | 57,213 | 16,960 | -890 |
| Contributions from employee stock purchase plan | 18,848 | 17,631 | 16,196 | 16,651 |
| Other | -7,712 | - | - | - |
| Net cash (used) provided by financing activities | -160,370 | 22,207 | -311,844 | -344,239 |
| Net increase (decrease) in cash and cash equivalents | 270,679 | 579,228 | -8,364 | -135,314 |
| Cash and cash equivalents at beginning of period | 744,721 | 165,493 | 173,857 | 309,171 |
| Cash and cash equivalents at end of period | 1,015,400 | 744,721 | 165,493 | 173,857 |
TYLER TECHNOLOGIES INC (TYL)
TYLER TECHNOLOGIES INC (TYL)