How do you interpret appraisal and tax — payments for capital improvements?

An increase suggests a strategic focus on upgrading internal systems or service delivery capabilities, while a decrease may indicate a period of maintenance or reduced investment.

How does appraisal and tax — payments for capital improvements compare across companies?

Similar to capital expenditure reporting in other software-as-a-service or professional services firms.

Tyler Technologies TYL Appraisal And Tax — Payments For Capital Improvements

Discontinued — last reported Q4 '20

Similar metrics at other companies

SNAOperating Segments — Payments For Capital Improvements

$19.33M+8.4%

MTCHApplications — CapEx

$21.25K-23.4%

AITReportable Subsegments — Payments To Acquire Productive Assets

$5.03M+6.0%

ELSOperating Segments — Payments For Capital Improvements

$46.04M+77.1%

ELSProperty Operations — Payments For Capital Improvements

$79.75M+60.9%

TDYOperating Segments — Payments To Acquire Productive Assets

$14.63M-33.2%

Other financials

Income statement

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Revenue$613.5M+8.6%

Gross profit$296.4M+11.0%

Operating income$99.8M+11.9%

Net income$81.2M+0.2%

EPS (diluted)$1.88+2.2%

Balance sheet

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Cash & equivalents$316.0M-55.2%

Total debt$48.0M-96.1%

Total equity$3.6B+1.3%

Total assets$4.8B-7.6%

Cash flow

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Operating cash flow$107.3M+91.0%

CapEx$3.2M+38.6%

Free cash flow$104.0M+93.3%

Valuation

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Market cap$11.47B-42.0%

Enterprise value$11.21B-44.3%

P/E36.3×-31.9×

P/S4.8×-4.2×

Profitability

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Gross margin46.8%+2.1pp

Operating margin15.5%+0.8pp

Net margin13.3%0.0pp

FCF margin28.9%+1.8pp

Returns & leverage

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Return on equity8.9%+0.1pp

Debt / equity0×-0.3×

Current ratio1×+0.1×

Where this comes from

Reported directly by Tyler Technologies in its filing.

Tagged under the XBRL concept us-gaap:PaymentsForCapitalImprovements.

The official record: Tyler Technologies’s 10-K, filed February 19, 2021, on SEC EDGAR. View the filing →

Questions, answered.

What does appraisal and tax — payments for capital improvements mean?: Cash spent on long-term infrastructure or asset improvements for the Appraisal and Tax division.
How do you interpret appraisal and tax — payments for capital improvements?: An increase suggests a strategic focus on upgrading internal systems or service delivery capabilities, while a decrease may indicate a period of maintenance or reduced investment.
How does appraisal and tax — payments for capital improvements compare across companies?: Similar to capital expenditure reporting in other software-as-a-service or professional services firms.