Overview
NIC
NIC is a leader in digital government solutions and payments, partnering with government to deliver user-friendly digital services that make it easier and more efficient to interact with government. It generally enter into contracts with state and local governments to design, build, and operate digital government services on an enterprise-wide basis on their behalf. Tyler's broad solution and product offering empowers to deliver better and faster
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Read More assistance to the public — greater transparency and accessibility, sustainable office practices, secure data that's easy to manage and maintain, and faster results. In 2021, NIC was acquired by Tyler Technologies for an all cash transaction valued at approximately $2.3 billion.
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Read More assistance to the public — greater transparency and accessibility, sustainable office practices, secure data that's easy to manage and maintain, and faster results. In 2021, NIC was acquired by Tyler Technologies for an all cash transaction valued at approximately $2.3 billion.
Read Less
Stephen M Kovzan
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Computer Systems Design and Related Services
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Professional, Scientific, and Technical Services
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Custom computer programming services
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Computer software development and applications
Accounting, Tax Preparation, Bookkeeping, and Payroll Services
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Advertising, Public Relations, and Related Services
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Architectural, Engineering, and Related Services
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Legal Services
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Management, Scientific, and Technical Consulting Services
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Other Professional, Scientific, and Technical Services
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Scientific Research and Development Services
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Specialized Design Services
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Contacts
Get in Touch with 4 Principals* and 237 Contacts
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Stephen M KovzanChief Financial Officer
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Financial Statements
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Financial data as of ? (12 month period) in USD
Annual Revenue 2020
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USD
Actual
All financial statement data is in millions except per share data | Source: Morningstar
| Cash Flow (mil) | 2020 | 2019 | 2018 |
|---|---|---|---|
| Net Operating Cash | $63 | $72 | $70 |
| Net Investing Cash | -$12 | -$26 | -$18 |
| Net Financing Cash | -$29 | -$23 | -$21 |
| Net Change in Cash | $22 | $23 | $31 |
| Cash at Beginning of Period | $214 | $192 | $161 |
| Cash at End of Period | $237 | $214 | $192 |
| Capital Expenditure | -$12 | -$13 | -$14 |
| Assets (mil) | 2020 | 2019 | 2018 |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents | $237 | $214 | $192 |
| Accounts Receivable | $155 | $85 | $81 |
| Inventories | $ | $ | $ |
| Other Current Assets | $24 | $13 | $14 |
| Asset Summary | |||
| Total Current Assets | $416 | $313 | $286 |
| Tangible Fixed Assets | $20 | $21 | $10 |
| Intangible Assets | $21 | $22 | $14 |
| Total Assets | $464 | $362 | $311 |
| Liabilities (mil) | 2020 | 2019 | 2018 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $82 | $64 | $60 |
| Short-Term Debt | $ | $ | $ |
| Other Current Liabilities | $76 | $37 | $29 |
| Liability Summary | |||
| Total Current Liabilities | $158 | $101 | $89 |
| Long-Term Debt | $ | $ | $ |
| Other Long-Term Liabilities | $5 | $6 | $9 |
| Total Liabilities | $171 | $116 | $99 |
| Stakeholder's Equity (mil) | 2020 | 2019 | 2018 |
|---|---|---|---|
| Equity | |||
| Common Stock | $0 | $0 | $0 |
| Retained Earnings | $164 | $123 | $94 |
| Equity Summary | |||
| Total Equity | $293 | $246 | $212 |
| Shares Outstanding | 67,031,000 | 66,968,000 | 66,569,000 |