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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1344646605125
Cash and cash equivalents1344646605125
Receivables1379293
Inventory, net of allowances, customer advances and progress billings111110
Inventory111110
Prepaid expense1485442
Deferred costs4735    
Funds held for clients1,6639681,089858697661
Other undisclosed current assets     3
Total current assets:1,8711,0651,150926761693
Noncurrent Assets
Operating lease, right-of-use asset27
Property, plant and equipment238177148975948
Intangible assets, net (including goodwill)525353545557
Goodwill525252525252
Intangible assets, net (excluding goodwill)111235
Deposits noncurrent assets 21111
Other noncurrent assets33     
Deferred tax assets, net 31  
Other undisclosed noncurrent assets265225    
Total noncurrent assets:616457205153116106
TOTAL ASSETS:2,4871,5221,3551,079877799
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities51714985
Accounts payable566453
Employee-related liabilities 117532
Deferred revenue11
Debt1221111
Deferred revenue and credits7543
Other undisclosed current liabilities1,7251,0101,119884715671
Total current liabilities:1,7541,0291,140899728679
Noncurrent Liabilities
Long-term debt and lease obligation493334292526
Long-term debt, excluding current maturities313334292526
Operating lease, liability18
Liabilities, other than long-term debt857045342620
Deferred revenue and credits45342517
Deferred revenue65
Deferred tax liabilities, net70  13
Other liabilities20     
Derivative instruments and hedges, liabilities  1   
Other undisclosed noncurrent liabilities7356    
Total noncurrent liabilities:20715880635146
Total liabilities:1,9601,1871,220962778725
Stockholders' equity
Stockholders' equity attributable to parent5273351351179874
Common stock111111
Treasury stock, value(308)(265)(140)(50)  
Additional paid in capital258204137957168
Retained earnings57639613770276
Total stockholders' equity:5273351351179874
TOTAL LIABILITIES AND EQUITY:2,4871,5221,3551,079877799

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues738566433329225151
Revenue, net433329225151
Cost of revenue(110)(91)(72)(54)(35)(27)
Cost of goods and services sold(110)(91)(72)(54)(35)(6)
Gross profit:628476361275189124
Operating expenses(402)(302)(282)(217)(155)(135)
Other operating income, net     1
Operating income (loss):226174795834(10)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
12(1)01 
Interest and debt expense(1)(1)(1)(1)(1)(7)
Other undisclosed income from continuing operations before equity method investments, income taxes     27
Income from continuing operations before income taxes:22617577573410
Income tax expense(46)(38)(10)(13)(13)(4)
Net income attributable to parent:1811376744216
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:1801376744216
Other undisclosed net income available to common stockholders, diluted000 0 
Net income available to common stockholders, diluted:1801376744216

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:1811376744216
Comprehensive income, net of tax, attributable to parent:1811376744216

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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