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MarketScreener Homepage  >  Equities  >  Nyse  >  Tyler Technologies, Inc.    TYL

TYLER TECHNOLOGIES, INC.

(TYL)
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Tyler Technologies : Schedule of Supplemental Information at 9.30.20 with Definitions

11/04/2020 | 04:46pm EST

Tyler Technologies, Inc.

Schedule of Supplemental Information

As of September 30, 2020

($000s)

All amounts are reported under ASC 606

Restated for ASC 606

Recurring Revenue - GAAP

2016

2017

2018

2019

2020

YTD

YTD

Q1

Q2

Q3

Q4

YTD

Q1

Q2

Q3

Q4

YTD

Q1

Q2

Q3

YTD

SaaS revenue

$

93,737

$

112,711

$

32,450

$

36,293

$

40,847

$

42,519

$

152,109

$

48,115

$

52,294

$

54,019

$

58,636

$

213,064

$

59,746

$

64,384

$

66,122

$

190,252

Transaction-based revenue

$

48,920

$

59,465

$

16,578

$

16,716

$

17,852

$

17,292

$

68,438

$

19,160

$

21,181

$

21,253

$

21,694

$

83,288

$

21,977

$

21,254

$

23,168

$

66,399

Maintenance revenue

$

320,998

$

359,319

$

93,897

$

96,076

$

96,215

$

98,333

$

384,521

$

100,152

$

106,689

$

109,833

$

113,644

$

430,318

$

114,365

$

116,760

$

117,979

$

349,104

Total recurring revenue

$

463,655

$

531,495

$

142,925

$

149,085

$

154,914

$

158,144

$

605,068

$

167,427

$

180,164

$

185,105

$

193,974

$

726,670

$

196,088

$

202,398

$

207,269

$

605,755

Annualized recurring revenue - GAAP (ARR)

SaaS ARR

$

129,800

$

145,172

$

163,388

$

170,076

$

192,460

$

209,176

$

216,076

$

234,544

$

238,984

$

257,536

$

264,488

Year over year growth

24.5%

36.9%

41.0%

36.5%

48.3%

44.1%

32.2%

37.9%

24.2%

23.1%

22.4%

Transaction-based ARR

$

66,313

$

66,864

$

71,409

$

69,167

$

76,640

$

84,724

$

85,012

$

86,776

$

87,908

$

85,016

$

92,672

Year over year growth

20.2%

19.4%

16.0%

6.1%

15.6%

26.7%

19.0%

25.5%

14.7%

0.3%

9.0%

Maintenance ARR

$

375,588

$

384,304

$

384,860

$

393,333

$

400,608

$

426,756

$

439,332

$

454,576

$

457,462

$

467,040

$

471,914

Year over year growth

8.8%

8.2%

4.8%

6.5%

6.7%

11.0%

14.2%

15.6%

14.2%

9.4%

7.4%

Total ARR

$

571,701

$

596,340

$

619,657

$

632,577

$

669,708

$

720,656

$

740,420

$

775,896

$

784,354

$

809,592

$

829,074

Year over year growth

13.3%

15.3%

13.7%

13.1%

17.1%

20.8%

19.5%

22.7%

17.1%

12.3%

12.0%

Subscription revenue (SaaS plus Transaction-based)

$

93,737

$

172,176

$

49,028

$

53,009

$

58,699

$

59,811

$

220,547

$

67,275

$

73,475

$

75,272

$

80,330

$

296,352

$

81,723

$

85,638

$

89,290

$

256,651

Subscription ARR

$

196,113

$

212,036

$

234,797

$

239,243

$

269,100

$

293,900

$

301,088

$

321,320

$

326,892

$

342,552

$

357,160

Year over year growth

23.0%

30.8%

32.3%

26.1%

37.2%

38.6%

28.2%

34.3%

21.5%

16.6%

18.6%

Non-GAAP Adjustments

2016

2017

2018

2019

2020

YTD

YTD

Q1

Q2

Q3

Q4

YTD

Q1

Q2

Q3

Q4

YTD

Q1

Q2

Q3

YTD

SaaS

$

(136)

$

-

$

-

$

1,310

$

1,315

$

875

$

3,500

$

640

$

688

$

428

$

212

$

1,968

$

115

$

115

$

68

$

298

Maintenance

$

7,930

$

663

$

100

$

241

$

82

$

77

$

500

$

863

$

2,085

$

1,274

$

(1,707)

$

2,515

$

45

$

45

$

45

$

135

$

7,794

$

663

$

100

$

1,551

$

1,397

$

952

$

4,000

$

1,503

$

2,773

$

1,702

$

(1,495)

$

4,483

$

160

$

160

$

113

$

433

Recurring Revenue - Non-GAAP

2016

2017

2018

2019

2020

YTD

YTD

Q1

Q2

Q3

Q4

YTD

Q1

Q2

Q3

Q4

YTD

Q1

Q2

Q3

YTD

Subscription revenue

$

93,601

$

112,711

$

32,450

$

37,603

$

42,162

$

43,394

$

155,609

$

48,755

$

52,982

$

54,447

$

58,848

$

215,032

$

59,861

$

64,499

$

66,190

$

190,550

Transaction-based revenue

$

48,920

$

59,465

$

16,578

$

16,716

$

17,852

$

17,292

$

68,438

$

19,160

$

21,181

$

21,253

$

21,694

$

83,288

$

21,977

$

21,254

$

23,168

$

66,399

Maintenance revenue

$

328,928

$

359,982

$

93,997

$

96,317

$

96,297

$

98,410

$

385,021

$

101,015

$

108,774

$

111,107

$

111,937

$

432,833

$

114,410

$

116,805

$

118,024

$

349,238

Total recurring revenue

$

471,449

$

532,158

$

143,025

$

150,636

$

156,311

$

159,096

$

609,068

$

168,930

$

182,937

$

186,807

$

192,479

$

731,153

$

196,248

$

202,558

$

207,382

$

606,187

Annualized recurring revenue - Non-GAAP (ARR)

SaaS ARR

$

129,800

$

150,412

$

168,648

$

173,576

$

195,020

$

211,928

$

217,788

$

235,392

$

239,444

$

257,996

$

264,760

Year over year growth

24.5%

41.8%

45.6%

39.3%

50.2%

40.9%

29.1%

35.6%

22.8%

21.7%

21.6%

Transaction-based ARR

$

66,313

$

66,864

$

71,409

$

69,167

$

76,640

$

84,724

$

85,012

$

86,776

$

87,908

$

85,016

$

92,672

Year over year growth

20.2%

19.4%

16.0%

6.1%

15.6%

26.7%

19.0%

25.5%

14.7%

0.3%

9.0%

Maintenance ARR

$

375,988

$

385,268

$

385,188

$

393,641

$

404,060

$

435,096

$

444,428

$

447,748

$

457,640

$

467,220

$

472,094

Year over year growth

8.7%

8.2%

4.7%

6.4%

7.5%

12.9%

15.4%

13.7%

13.3%

7.4%

6.2%

Total ARR

$

572,101

$

602,544

$

625,245

$

636,385

$

675,720

$

731,748

$

747,228

$

769,916

$

784,992

$

810,232

$

829,526

Year over year growth

13.2%

16.3%

14.6%

13.7%

18.1%

21.4%

19.5%

21.0%

16.2%

10.7%

11.0%

Subscription revenue (SaaS plus Transaction-based)

$

93,601

$

172,176

$

49,028

$

54,319

$

60,014

$

60,686

$

224,047

$

67,915

$

74,163

$

75,700

$

80,542

$

298,320

$

81,838

$

85,753

$

89,358

$

256,949

Subscription ARR

$

196,113

$

217,276

$

240,057

$

242,743

$

271,660

$

296,652

$

302,800

$

322,168

$

327,352

$

343,012

$

357,432

Year over year growth

23.0%

34.1%

35.3%

27.9%

38.5%

36.5%

26.1%

32.7%

20.5%

15.6%

18.0%

Annual Subscription Bookings

2016

2017

2018

2019

2020

YTD

YTD

Q1

Q2

Q3

Q4

YTD

Q1

Q2

Q3

Q4

YTD

Q1

Q2

Q3

YTD

Subscription annual recurring revenues added

$

15,459

$

24,909

$

4,604

$

7,317

$

6,691

$

7,880

$

26,492

$

11,410

$

18,511

$

10,629

$

12,016

$

52,566

$

12,628

$

9,247

$

9,874

$

31,749

Year over year growth

61.1%

17.8%

-4.2%

6.5%

11.2%

6.4%

147.8%

153.0%

58.9%

52.5%

341.0%

10.7%

-50.0%

-7.1%

-21.7%

Estimated license equivalent from new subscription clients

$

19,610

$

33,000

$

5,714

$

9,209

$

6,358

$

7,982

$

29,262

$

12,089

$

23,054

$

13,991

$

15,834

$

64,967

$

19,883

$

7,096

$

11,111

$

38,090

New Software Mix

2016

2017

2018

2019

2020

YTD

YTD

Q1

Q2

Q3

Q4

YTD

Q1

Q2

Q3

Q4

YTD

Q1

Q2

Q3

YTD

# of License contracts

540

421

71

92

90

105

358

111

114

138

150

513

85

63

76

224

# of Subscription contracts

250

374

122

126

81

81

410

128

154

150

164

596

131

125

114

370

Total # contracts

790

795

193

218

171

186

768

239

268

288

314

1109

216

188

190

594

% License contracts

68%

53%

37%

42%

53%

56%

47%

46%

43%

48%

48%

46%

39%

34%

40%

38%

% Subscription contracts

32%

47%

63%

58%

47%

44%

53%

54%

57%

52%

52%

54%

61%

66%

60%

62%

License total contract value

$

223,707

$

235,156

$

32,258

$

31,925

$

38,582

$

43,325

$

146,090

$

35,457

$

29,996

$

38,694

$

57,067

$

161,214

$

35,661

$

31,131

$

48,931

$

115,723

Subscription total contract value

$

85,325

$

139,954

$

21,697

$

27,791

$

23,110

$

28,963

$

101,561

$

42,319

$

122,312

$

39,891

$

67,938

$

272,460

$

97,952

$

23,291

$

42,777

$

164,020

Total contract value

$

309,032

$

375,110

$

53,955

$

59,716

$

61,692

$

72,288

$

247,651

$

77,776

$

152,308

$

78,585

$

125,005

$

433,674

$

133,613

$

54,422

$

91,708

$

279,743

License % of Total Contract Value

72%

63%

60%

53%

63%

60%

59%

46%

20%

49%

46%

37%

27%

57%

53%

41%

Subscription % of Total Contract Value

28%

37%

40%

47%

37%

40%

41%

54%

80%

51%

54%

63%

73%

43%

47%

59%

Value weighted average term of new subscription contracts

4.7

3.5

3.6

4.1

4.1

6.1

2.7

4.4

5.9

3.7

4.3

New Software Licenses Greater than $100k

2016

2017

2018

2019

2020

YTD

YTD

Q1

Q2

Q3

Q4

YTD

Q1

Q2

Q3

Q4

YTD

Q1

Q2

Q3

YTD

New software license value

$

68,654

$

81,150

$

12,772

$

11,481

$

13,488

$

17,082

$

54,823

$

13,143

$

10,100

$

14,364

$

23,509

$

61,116

$

10,166

$

9,718

$

18,735

$

38,619

# of new software contracts

163

141

33

25

29

46

133

35

34

49

45

163

25

20

29

74

Average license value

$

421

$

576

$

387

$

459

$

465

$

371

$

412

$

376

$

297

$

293

$

522

$

375

$

407

$

486

$

646

$

522

Transaction-based Revenues

2016

2017

2018

2019

2020

YTD

YTD

Q1

Q2

Q3

Q4

YTD

Q1

Q2

Q3

Q4

YTD

Q1

Q2

Q3

YTD

E-filing revenues

$

36,851

$

45,369

$

12,483

$

12,706

$

13,331

$

13,052

$

51,572

$

14,637

$

14,462

$

14,726

$

14,721

$

58,546

$

14,888

$

14,196

$

15,100

$

44,184

Online payments revenues

$

12,069

$

14,097

$

4,095

$

4,010

$

4,521

$

4,240

$

16,866

$

4,523

$

6,719

$

6,527

$

6,973

$

24,742

$

7,089

$

7,058

$

8,068

$

22,215

Total transaction-based revenues

$

48,920

$

59,465

$

16,578

$

16,716

$

17,852

$

17,292

$

68,438

$

19,160

$

21,181

$

21,253

$

21,694

$

83,288

$

21,977

$

21,254

$

23,168

$

66,399

Year over year growth

21.6%

20.2%

19.4%

16.0%

6.1%

15.1%

15.6%

26.7%

19.0%

25.5%

21.7%

14.7%

0.3%

9.0%

7.8%

Tyler Technologies, Inc.

Schedule of Supplemental Information - Definitions

As of September 30, 2020

Recurring revenue (GAAP and Non-GAAP) - Represents actual revenue reported for the period indicated.

Annualized recurring revenue (ARR) - Represents actual quarterly revenue multiplied by four.

Annual subscription bookings - Represents annual recurring revenues added from new subscription-based arrangements. Does not include renewals or price increases on existing arrangements. License total contract value - Represents the total value of new contracts for perpetual license-based software arrangements. Includes license, services and hardware components.

Subscription total contract value - Represents the total value of new contracts for subscription-based software or fixed-feee-filing arrangements. Includes subscription fees, services and hardware.

New software license value (>$100k) - Represents only the software license fee component of new contracts for perpetual license-based software arrangements that have software licenses greater than $100,000.

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Tyler Technologies Inc. published this content on 04 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 November 2020 21:45:06 UTC


© Publicnow 2020
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Financials (USD)
Sales 2020 1 125 M - -
Net income 2020 189 M - -
Net Debt 2020 - - -
P/E ratio 2020 93,6x
Yield 2020 -
Capitalization 17 115 M 17 115 M -
Capi. / Sales 2020 15,2x
Capi. / Sales 2021 14,2x
Nbr of Employees 5 511
Free-Float 82,6%
Chart TYLER TECHNOLOGIES, INC.
Duration : Period :
Tyler Technologies, Inc. Technical Analysis Chart | TYL | US9022521051 | MarketScreener
Technical analysis trends TYLER TECHNOLOGIES, INC.
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 15
Average target price 419,17 $
Last Close Price 424,40 $
Spread / Highest target 10,7%
Spread / Average Target -1,23%
Spread / Lowest Target -19,9%
EPS Revisions
Managers and Directors
NameTitle
H. Lynn Moore President, Chief Executive Officer & Director
John S. Marr Executive Chairman
Brian K. Miller Chief Financial Officer, Treasurer & EVP
Matthew B. Bieri Chief Information Officer
Jeff Green Chief Technology Officer
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