Paycom Software, Inc. (PAYC) financial statements (2021 and earlier)

Company profile

Business Address 7501 W. MEMORIAL ROAD
OKLAHOMA CITY, OK 73142
State of Incorp. DE
Fiscal Year End December 31
SIC 7372 - Prepackaged Software (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments15215611418213410895
Cash and cash equivalents15215611418213410895
Receivables2022148131213
Inventory, net of allowances, customer advances and progress billings1111111
Inventory1111111
Prepaid expense18212518141311
Deferred costs61565351474341
Funds held for clients1,6131,5221,0341,3921,6638361,127
Total current assets:1,8651,7781,2401,6521,8711,0131,288
Noncurrent Assets
Operating lease, right-of-use asset    272526
Property, plant and equipment285276267254238224196
Intangible assets, net (including goodwill)52525252525253
Goodwill52525252525252
Intangible assets, net (excluding goodwill)0000111
Other noncurrent assets35373435333031
Other undisclosed noncurrent assets371342328316265247233
Total noncurrent assets:743707681658616579538
TOTAL ASSETS:2,6082,4851,9222,3102,4871,5921,826
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities794225515
Accounts payable7946554
Employee-related liabilities      12
Taxes payable   16   
Deferred revenue14141212111110
Debt2222121111
Other undisclosed current liabilities1,6961,6031,1001,4631,7258921,165
Total current liabilities:1,7181,6281,1171,4981,7549181,201
Noncurrent Liabilities
Long-term debt and lease obligation29303030494849
Long-term debt, excluding current maturities29303030313132
Operating lease, liability    181718
Liabilities, other than long-term debt20519518889858179
Deferred revenue73726967656360
Deferred income tax liabilities11310299    
Other liabilities19222122201919
Other undisclosed noncurrent liabilities   93736962
Total noncurrent liabilities:234225218212207199190
Total liabilities:1,9521,8531,3361,7101,9601,1171,391
Stockholders' equity
Stockholders' equity attributable to parent656632586600527475435
Common stock1111111
Treasury stock, value(423)(386)(383)(316)(308)(307)(304)
Additional paid in capital358322300276258251246
Retained earnings720695668639576531492
Total stockholders' equity:656632586600527475435
TOTAL LIABILITIES AND EQUITY:2,6082,4851,9222,3102,4871,5921,826

Income statement (P&L) ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues221197182242193175169
Cost of revenue
(Cost of Goods and Services Sold)
(33)(31)(30)(30)(29)(26)(25)
Gross profit:188166152212165149144
Operating expenses(152)(132)(125)(123)(104)(98)(91)
Operating income:36342789605153
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
000(1)10(0)
Interest and debt expense(0)(0)(0)(0)(0)(0)(0)
Income from continuing operations before equity method investments, income taxes:36342788615052
Other undisclosed income from continuing operations before income taxes00     
Income from continuing operations before income taxes:37342788615052
Income tax expense (benefit)(12)(7)2(25)(16)(11)(4)
Net income attributable to parent:24272963453949
Undistributed earnings (loss) allocated to participating securities, basic  (0)(0)(0)(0)(0)
Net income available to common stockholders, diluted:24272963453949

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income:24272963453949
Comprehensive income, net of tax, attributable to parent:24272963453949

Statements sources

The financial statements are based on the company's filings with the 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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