Paylocity Holding Corporation (PCTY) Financial Statements (2024 and earlier)

Company Profile

Business Address 1400 AMERICAN LANE
SCHAUMBURG, IL 60173
State of Incorp. DE
Fiscal Year End June 30
Industry (SIC) 7372 - Prepackaged Software (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

9/30/2023
Q1
6/30/2023
Q4
3/31/2023
Q3
12/31/2022
Q2
9/30/2022
Q1
6/30/2022
Q4
3/31/2022
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments288,767233,692120,05365,484139,75696,465
Cash and cash equivalents288,767233,692120,05365,484139,75696,465
Receivables25,08527,44924,54021,51915,75417,794
Capitalized contract cost78,10973,57468,55764,05859,50154,735
Funds held for clients2,621,4153,202,4153,065,6972,299,4373,987,7764,324,567
Other undisclosed current assets35,06128,88030,17529,12228,89623,430
Total current assets:3,048,4373,566,0103,309,0222,479,6204,231,6834,516,991
Noncurrent Assets
Operating lease, right-of-use asset44,06745,00646,60447,61449,21050,808
Property, plant and equipment64,06960,06759,50660,94362,83964,004
Intangible assets, net (including goodwill)136,581139,218141,988144,758147,424150,428
Goodwill102,054102,054102,054102,054101,949102,183
Intangible assets, net (excluding goodwill)34,52737,16439,93442,70445,47548,245
Capitalized contract cost, net294,222280,310262,313244,554229,067209,580
Deferred income tax assets15,84617,69040,53043,30319,06021,804
Other undisclosed noncurrent assets92,45885,21677,81074,31769,73165,623
Total noncurrent assets:647,243627,507628,751615,489577,331562,247
TOTAL ASSETS:3,695,6804,193,5173,937,7733,095,1094,809,0145,079,238
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities149,440152,249123,406173,246132,758113,871
Employee-related liabilities61,104
Accounts payable6,1537,9687,6116,2358,3745,051
Accrued liabilities143,287144,281115,795105,907124,384108,820
Other undisclosed current liabilities2,625,3553,202,4153,065,6972,238,3333,987,7764,324,567
Total current liabilities:2,774,7953,354,6643,189,1032,411,5794,120,5344,438,438
Noncurrent Liabilities
Long-term debt and lease obligation:    67,04069,11971,178
Liabilities, other than long-term debt78,02270,10770,9035,6445,8984,203
Deferred income tax liabilities11,8202,2172,2172,2172,2171,781
Other liabilities3,7313,8303,3333,4273,6812,422
Operating lease, liability62,47164,06065,35367,04069,11971,178
Total noncurrent liabilities:78,02270,10770,90372,68475,01775,381
Total liabilities:2,852,8173,424,7713,260,0062,484,2634,195,5514,513,819
Equity
Equity, attributable to parent842,863768,746677,767610,846613,463565,419
Common stock565656565555
Additional paid in capital380,632341,494310,050259,245289,843256,204
Accumulated other comprehensive loss(4,515)(2,240)(4,159)(4,675)(2,303)(1,562)
Retained earnings466,690429,436371,820356,220325,868310,722
Total equity:842,863768,746677,767610,846613,463565,419
TOTAL LIABILITIES AND EQUITY:3,695,6804,193,5173,937,7733,095,1094,809,0145,079,238

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

9/30/2023
Q1
6/30/2023
Q4
3/31/2023
Q3
12/31/2022
Q2
9/30/2022
Q1
6/30/2022
Q4
3/31/2022
Q3
Revenues308,453339,857273,008253,280228,947245,970
Cost of revenue
(Cost of Goods and Services Sold)
(96,706)(95,714)(90,076)(84,543)(77,394)(75,538)
Gross profit:211,747244,143182,932168,737151,553170,432
Operating expenses(162,395)(163,766)(164,724)(161,648)(132,727)(123,054)
Operating income:49,35280,37718,2087,08918,82647,378
Nonoperating income (expense)2,6171,139(5)(163)(197)(311)
Income from continuing operations before income taxes:51,96981,51618,2036,92618,62947,067
Income tax expense (benefit)(14,715)(23,900)(2,603)23,426(3,483)(12,221)
Income from continuing operations:37,25457,61615,60030,35215,14634,846
Income before gain (loss) on sale of properties:30,35215,14634,846
Net income available to common stockholders, diluted:37,25457,61615,60030,35215,14634,846

Comprehensive Income ($ in thousands)

9/30/2023
Q1
6/30/2023
Q4
3/31/2023
Q3
12/31/2022
Q2
9/30/2022
Q1
6/30/2022
Q4
3/31/2022
Q3
Net income:37,25457,61615,60030,35215,14634,846
Comprehensive income:37,25457,61615,60030,35215,14634,846
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(2,275)1,919516(2,372)(741)(1,218)
Comprehensive income, net of tax, attributable to parent:34,97959,53516,11627,98014,40533,628

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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