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
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 investments1521344646605125
Cash and cash equivalents1521344646605125
Receivables201379293
Inventory, net of allowances, customer advances and progress billings1111110
Inventory1111110
Prepaid expense181485442
Deferred costs614735    
Funds held for clients1,6131,6639681,089858697661
Other undisclosed current assets      3
Total current assets:1,8651,8711,0651,150926761693
Noncurrent Assets
Operating lease, right-of-use asset 27
Property, plant and equipment285238177148975948
Intangible assets, net (including goodwill)52525353545557
Goodwill52525252525252
Intangible assets, net (excluding goodwill)0111235
Deposits noncurrent assets  21111
Other noncurrent assets3533     
Deferred tax assets, net 31  
Other undisclosed noncurrent assets371265225    
Total noncurrent assets:743616457205153116106
TOTAL ASSETS:2,6082,4871,5221,3551,079877799
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities751714985
Accounts payable7566453
Employee-related liabilities  117532
Deferred revenue1411
Debt21221111
Deferred revenue and credits7543
Other undisclosed current liabilities1,6961,7251,0101,119884715671
Total current liabilities:1,7181,7541,0291,140899728679
Noncurrent Liabilities
Long-term debt and lease obligation29493334292526
Long-term debt, excluding current maturities29313334292526
Operating lease, liability 18
Liabilities, other than long-term debt205857045342620
Deferred revenue and credits45342517
Deferred revenue7365
Deferred tax liabilities, net70  13
Deferred income tax liabilities113 
Other liabilities1920     
Derivative instruments and hedges, liabilities   1   
Other undisclosed noncurrent liabilities 7356    
Total noncurrent liabilities:23420715880635146
Total liabilities:1,9521,9601,1871,220962778725
Stockholders' equity
Stockholders' equity attributable to parent6565273351351179874
Common stock1111111
Treasury stock, value(423)(308)(265)(140)(50)  
Additional paid in capital358258204137957168
Retained earnings72057639613770276
Total stockholders' equity:6565273351351179874
TOTAL LIABILITIES AND EQUITY:2,6082,4871,5221,3551,079877799

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues841738566433329225151
Revenue, net433329225151
Cost of revenue(124)(110)(91)(72)(54)(35)(27)
Cost of goods and services sold(124)(110)(91)(72)(54)(35)(6)
Gross profit:718628476361275189124
Operating expenses(532)(402)(302)(282)(217)(155)(135)
Other operating income, net      1
Operating income (loss):186226174795834(10)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(0)12(1)01 
Interest and debt expense(2)(1)(1)(1)(1)(1)(7)
Other undisclosed income from continuing operations before equity method investments, income taxes      27
Income from continuing operations before equity method investments, income taxes:18422617577573410
Other undisclosed income from continuing operations before income taxes1      
Income from continuing operations before income taxes:18622617577573410
Income tax expense(42)(46)(38)(10)(13)(13)(4)
Net income attributable to parent:1431811376744216
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:1431801376744216
Other undisclosed net income available to common stockholders, diluted 000 0 
Net income available to common stockholders, diluted:1431801376744216

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:1431811376744216
Comprehensive income, net of tax, attributable to parent:1431811376744216

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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