Paycom Software, Inc. (PAYC) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments27815213446466051
Cash and cash equivalents27815213446466051
Receivables2620137929
Inventory, net of allowances, customer advances and progress billings1111111
Inventory1111111
Prepaid expense2418148544
Deferred costs77614735   
Funds held for clients1,8471,6131,6639681,089858697
Total current assets:2,2521,8651,8711,0651,150926761
Noncurrent Assets
Operating lease, right-of-use asset30 27
Property, plant and equipment3492852381771489759
Intangible assets, net (including goodwill)110525253535455
Goodwill52525252525252
Intangible assets, net (excluding goodwill)58011123
Deposits noncurrent assets   2111
Other noncurrent assets423533    
Deferred tax assets, net 31 
Other undisclosed noncurrent assets432371265225   
Total noncurrent assets:963743616457205153116
TOTAL ASSETS:3,2152,6082,4871,5221,3551,079877
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities675171498
Accounts payable6756645
Employee-related liabilities   11753
Deferred revenue161411
Debt22122111
Deferred revenue and credits754
Other undisclosed current liabilities1,9671,6961,7251,0101,119884715
Total current liabilities:1,9901,7181,7541,0291,140899728
Noncurrent Liabilities
Long-term debt and lease obligation27294933342925
Long-term debt, excluding current maturities27293133342925
Operating lease, liability  18
Liabilities, other than long-term debt3042058570453426
Deferred revenue and credits453425
Deferred revenue857365
Deferred tax liabilities, net70  1
Deferred income tax liabilities146113 
Other liabilities731920    
Derivative instruments and hedges, liabilities    1  
Other undisclosed noncurrent liabilities  7356   
Total noncurrent liabilities:331234207158806351
Total liabilities:2,3211,9521,9601,1871,220962778
Stockholders' equity
Stockholders' equity attributable to parent89465652733513511798
Common stock1111111
Treasury stock, value(488)(423)(308)(265)(140)(50) 
Additional paid in capital4663582582041379571
Retained earnings9167205763961377027
Total stockholders' equity:89465652733513511798
TOTAL LIABILITIES AND EQUITY:3,2152,6082,4871,5221,3551,079877

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues1,056841738566433329225
Revenue, net433329225
Cost of revenue
(Cost of Goods and Services Sold)
(162)(124)(110)(91)(72)(54)(35)
Gross profit:894718628476361275189
Operating expenses(640)(532)(402)(302)(282)(217)(155)
Operating income:254186226174795834
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
2(0)12(1)01
Interest and debt expense(1)(2)(1)(1)(1)(1)(1)
Income from continuing operations before equity method investments, income taxes:255184226175775734
Other undisclosed income from continuing operations before income taxes11     
Income from continuing operations before income taxes:256186226175775734
Income tax expense(60)(42)(46)(38)(10)(13)(13)
Net income attributable to parent:196143181137674421
Undistributed earnings (loss) allocated to participating securities, basic  (0)(0)(0)
Other undisclosed net loss available to common stockholders, basic     (0)(0)
Net income available to common stockholders, basic:196143180137674421
Other undisclosed net income available to common stockholders, diluted  000 0
Net income available to common stockholders, diluted:196143180137674421

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:196143181137674421
Comprehensive income, net of tax, attributable to parent:196143181137674421

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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