Dayforce Inc. (DAY) Financial Statements (2024 and earlier)

Company Profile

Business Address 3311 EAST OLD SHAKOPEE ROAD
MINNEAPOLIS, MN 55425
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 7372 - Prepackaged Software (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments570,300431,900367,500188,2001,348,100872,300
Cash and cash equivalents570,300431,900367,500188,2001,348,100872,300
Restricted cash and investments8008001,900   
Receivables 234,400184,700150,300105,50084,10073,700
Prepaid expense      40,300
Funds held for clients5,028,6004,183,2003,535,8003,759,4003,204,1002,603,500
Other current assets      2,000
Other undisclosed current assets121,10093,40088,60069,500(1,012,600)(658,300)
Total current assets:5,955,2004,894,0004,144,1004,122,6003,623,7002,933,500
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization     
Operating lease, right-of-use asset19,10024,30029,40027,90032,000
Property, plant and equipment210,100174,900128,200136,400128,300104,400
Intangible assets, net (including goodwill)2,524,1002,561,6002,656,1002,226,8002,151,4002,114,900
Goodwill2,293,9002,280,0002,323,6002,031,8001,973,5001,927,400
Intangible assets, net (excluding goodwill)230,200281,600332,500195,000177,900187,500
Other noncurrent assets302,400262,400208,400187,600150,3001,600
Other undisclosed noncurrent assets      
Total noncurrent assets:3,055,7003,023,2003,022,1002,578,7002,462,0002,220,900
TOTAL ASSETS:9,010,9007,917,2007,166,2006,701,3006,085,7005,154,400
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities190,900176,400154,200124,000133,000119,700
Interest and dividends payable   100
Employee-related liabilities77,30064,60075,90054,500
Accounts payable66,70054,30051,70038,90043,20041,500
Accrued liabilities124,200122,10025,20020,50013,90023,600
Deferred revenue40,20041,20048,70024,40025,500
Debt7,6007,8008,3007,20010,8006,800
Disposal group, including discontinued operation      200
Other undisclosed current liabilities5,096,2004,308,1003,530,7003,708,3003,202,4002,636,900
Total current liabilities:5,334,9004,533,5003,741,9003,863,9003,371,7002,763,600
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,210,1001,213,4001,124,400660,600666,300663,500
Long-term debt, excluding current maturities      663,500
Finance lease, liability6,5007,4008,1008,4008,400
Other undisclosed long-term debt and lease obligation1,203,6001,206,0001,083,600618,600627,800 
Liabilities, other than long-term debt67,70060,90039,70045,000135,300195,300
Liability, pension and other postretirement and postemployment benefits27,70017,70020,70024,400117,200153,300
Other liabilities21,10019,50019,00020,60018,10042,000
Operating lease, liability18,90023,70032,70033,60030,100
Other undisclosed noncurrent liabilities   32,70033,60030,100 
Total noncurrent liabilities:1,277,8001,274,3001,196,800739,200831,700858,800
Total liabilities:6,612,7005,807,8004,938,7004,603,1004,203,4003,622,400
Equity
Equity, attributable to parent2,398,2002,109,4002,227,5002,098,2001,882,3001,532,000
Common stock1,6001,5001,5001,5001,4001,400
Additional paid in capital3,151,1002,965,5002,860,0002,606,5002,449,1002,325,600
Accumulated other comprehensive loss(436,700)(485,000)(324,800)(276,000)(338,400)(375,700)
Accumulated deficit(317,800)(372,600)(309,200)(233,800)(229,800)(419,300)
Total equity:2,398,2002,109,4002,227,5002,098,2001,882,3001,532,000
TOTAL LIABILITIES AND EQUITY:9,010,9007,917,2007,166,2006,701,3006,085,7005,154,400

Income Statement (P&L) ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues1,513,7001,246,2001,024,200842,500824,100746,400
Cost of revenue(867,200)(773,000)(641,900)(501,200)(455,900)(425,800)
Gross profit:646,500473,200382,300341,300368,200320,600
Operating expenses(513,400)(499,000)(417,800)(333,500)(295,900)(270,700)
Other operating income, net      2,900
Operating income (loss):133,100(25,800)(35,500)7,80072,30052,800
Nonoperating expense
(Other Nonoperating expense)
(1,000)(8,500)(18,900)(2,700)(5,600) 
Interest and debt expense(36,100)(28,600)(35,900)(25,100)(32,400)(83,200)
Income (loss) from continuing operations before income taxes:96,000(62,900)(90,300)(20,000)34,300(30,400)
Income tax expense (benefit)(41,200)(10,500)14,90016,00044,400(7,700)
Income (loss) from continuing operations:54,800(73,400)(75,400)(4,000)78,700(38,100)
Income (loss) before gain (loss) on sale of properties:(75,400)(4,000)78,700(63,900)
Loss from discontinued operations      (25,800)
Net income (loss):54,800(73,400)(75,400)(4,000)78,700(63,900)
Net income attributable to noncontrolling interest      500
Net income (loss) attributable to parent:54,800(73,400)(75,400)(4,000)78,700(63,400)
Preferred stock dividends and other adjustments      (7,700)
Other undisclosed net income available to common stockholders, basic      25,800
Net income (loss) available to common stockholders, diluted:54,800(73,400)(75,400)(4,000)78,700(45,300)

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):54,800(73,400)(75,400)(4,000)78,700(63,900)
Other comprehensive income (loss)48,300(160,200)(48,800)62,40064,600(64,300)
Comprehensive income (loss):103,100(233,600)(124,200)58,400143,300(128,200)
Comprehensive income, net of tax, attributable to noncontrolling interest      500
Comprehensive income (loss), net of tax, attributable to parent:103,100(233,600)(124,200)58,400143,300(127,700)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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