Tyler Technologies Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	315.6	263.03	165.92	164.24	161.46
Depreciation & Amortization	147.86	95	121.15	111.92	97.91
Other Amortization	-	57.37	49.62	60.12	47.93
Loss (Gain) From Sale of Investments	-0.01	0.02	0	0.05	-
Stock-Based Compensation	151.28	122.81	108.34	102.99	104.73
Provision & Write-off of Bad Debts	14.65	-5.5	8.23	2.78	2.83
Other Operating Activities	43.93	-30.46	-73.23	-87.19	-13.27
Change in Accounts Receivable	-	28.8	-39.88	-51.41	17.61
Change in Accounts Payable	-	10.51	41.49	-17.54	-44.95
Change in Unearned Revenue	-	90.78	58.51	59.46	44.87
Change in Income Taxes	-	-14.44	-41.2	61.94	10.26
Change in Other Net Operating Assets	-19.77	6.72	-18.51	-25.9	-57.62
Operating Cash Flow	653.54	624.63	380.44	381.46	371.75
Operating Cash Flow Growth	4.63%	64.19%	-0.27%	2.61%	4.69%
Capital Expenditures	-16.02	-20.54	-20.52	-22.53	-33.92
Cash Acquisitions	-83.65	-1.4	-62.76	-163.92	-2,090
Sale (Purchase) of Intangibles	-16.78	-29.4	-32.49	-27.62	-21.69
Investment in Securities	-106.58	-16.45	38.8	41.1	54
Other Investing Activities	0.53	0.17	0.01	0.44	0.38
Investing Cash Flow	-222.49	-67.61	-76.96	-172.53	-2,091
Long-Term Debt Issued	-	-	-	-	1,500
Long-Term Debt Repaid	-	-50	-345	-360	-145
Net Debt Issued (Repaid)	-	-50	-345	-360	1,355
Issuance of Common Stock	21.99	74.84	33.16	16.65	109.87
Repurchase of Common Stock	-174.65	-	-	-0.89	-12.98
Other Financing Activities	-7.71	-2.64	-	-	-27.17
Financing Cash Flow	-160.37	22.21	-311.84	-344.24	1,425
Net Cash Flow	270.68	579.23	-8.36	-135.31	-294.45
Free Cash Flow	637.53	604.1	359.92	358.93	337.83
Free Cash Flow Growth	5.53%	67.84%	0.28%	6.24%	1.64%
Free Cash Flow Margin	27.33%	28.26%	18.44%	19.40%	21.22%
Free Cash Flow Per Share	14.55	13.89	8.41	8.46	8.00
Cash Interest Paid	-	3.1	19.15	21.26	17.73
Cash Income Tax Paid	-	84.2	142.82	38.49	2.21
Levered Free Cash Flow	351.83	554.46	390.88	367.57	358.32
Unlevered Free Cash Flow	354.95	558.17	405.65	385.3	372.88
Change in Working Capital	-19.77	122.36	0.41	26.56	-29.83

Source: S&P Global Market Intelligence. Standard template. Financial Sources.