Paychex, Inc. (PAYX) financial statements (2020 and earlier)

Company profile

Business Address 911 PANORAMA TRAIL S
ROCHESTER, NY 14625-0397
State of Incorp. DE
Fiscal Year End May 31
SIC 87 - Engineering, Accounting, Research, Management, And Related Services (benchmarking)
More info Complete financial analysis Financial benchmarking

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

2/29/2020
Q3
11/30/2019
Q2
8/31/2019
Q1
5/31/2019
Q4
2/28/2019
Q3
11/30/2018
Q2
8/31/2018
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments854635627713732759523
Cash and cash equivalents780601586674696511440
Short-term investments743441393624883
Restricted cash and investments5953565169  
Receivables847906861854845591564
Prepaid expense2459 23633 
Funds held for clients4,3563,7353,7693,8045,4063,6723,764
Other undisclosed current assets250241242234235234225
Total current assets:6,3895,6285,5565,6787,2925,2905,076
Noncurrent Assets
Operating lease, right-of-use asset124119113  
Property, plant and equipment404402403409405394389
Intangible assets, net (including goodwill)2,1382,1462,1632,1822,202939949
Goodwill1,7901,7861,7831,7831,782811813
Intangible assets, net (excluding goodwill)348360380399421128136
Capitalized contract cost, net367360363366360354356
Restricted cash and investments7102766  
Other noncurrent assets28282925181616
Other undisclosed noncurrent assets101010102010265
Total noncurrent assets:3,0783,0743,0822,9983,0711,7121,974
TOTAL ASSETS:9,4678,7028,6388,67610,3637,0027,050
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities183198195222914379397
Accounts payable68766276747163
Employee-related liabilities11512285146840308283
Taxes payable  49   52
Deferred revenue394241  
Debt898994 545757
Contract with customer, liability40394337
Other liabilities277268271220127111114
Other undisclosed current liabilities4,8024,2274,2234,3635,4153,7173,793
Total current liabilities:5,3904,8244,8244,8456,5504,3074,397
Noncurrent Liabilities
Long-term debt and lease obligation902897890796800  
Long-term debt, excluding current maturities797797797796800  
Operating lease, liability10510094  
Liabilities, other than long-term debt416412178415415271266
Accounts payable and accrued liabilities33313027202019
Deferred tax liabilities, net223229162156
Deferred income tax liabilities233227   
Other liabilities1501541481651669091
Other undisclosed noncurrent liabilities  228    
Total noncurrent liabilities:1,3171,3081,2951,2121,215271266
Total liabilities:6,7076,1326,1196,0577,7654,5784,663
Stockholders' equity
Stockholders' equity attributable to parent2,7602,5692,5192,6202,5982,4252,387
Common stock4444444
Additional paid in capital1,2781,2531,2241,2061,1881,1661,151
Accumulated other comprehensive income (loss)4512270(19)(47)(36)
Retained earnings1,4331,3011,2651,4101,4261,3031,268
Total stockholders' equity:2,7602,5692,5192,6202,5982,4252,387
TOTAL LIABILITIES AND EQUITY:9,4678,7028,6388,67610,3637,0027,050

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

2/29/2020
Q3
11/30/2019
Q2
8/31/2019
Q1
5/31/2019
Q4
2/28/2019
Q3
11/30/2018
Q2
8/31/2018
Q1
Gross profit:1,1439919929801,070859863
Operating expenses(673)(649)(643)(666)(641)(552)(543)
Operating income:470342349315429307320
Nonoperating income3554333
Investment income, nonoperating3354333
Other nonoperating income02     
Interest and debt expense(9)(10)(10)(9)(7)(1)(1)
Income from continuing operations before equity method investments, income taxes:464337343310426309323
Income (loss) from equity method investments    (0)0 
Other undisclosed income from continuing operations before income taxes  11   
Income from continuing operations before income taxes:464337344311426309323
Income tax expense(110)(78)(80)(80)(101)(74)(79)
Net income available to common stockholders, diluted:355259264230325236244

Comprehensive Income ($ in millions)

2/29/2020
Q3
11/30/2019
Q2
8/31/2019
Q1
5/31/2019
Q4
2/28/2019
Q3
11/30/2018
Q2
8/31/2018
Q1
Net income:355259264230325236244
Comprehensive income:355259264230325236244
Other undisclosed comprehensive income (loss), net of tax, attributable to parent34(15)261928(12)0
Comprehensive income, net of tax, attributable to parent:388244291250353224244

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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