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
MRQ
6/30/2023
12/31/2022
MRQ
6/30/2022
6/30/2021
6/30/2020
6/30/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments288,767120,053139,756206,743285,407161,790
Cash and cash equivalents288,767120,053139,756202,287250,851132,476
Short-term investments    4,45634,55629,314
Receivables25,08524,54015,7546,2674,9234,358
Capitalized contract cost78,10968,55759,50144,23032,33221,677
Funds held for clients2,621,4153,065,6973,987,7761,759,6771,327,3041,394,469
Other undisclosed current assets35,06130,17528,89615,96613,18813,895
Total current assets:3,048,4373,309,0224,231,6832,032,8831,663,1541,596,189
Noncurrent Assets
Operating lease, right-of-use asset44,06746,60449,21043,98448,658
Property, plant and equipment64,06959,50662,83959,83566,73770,056
Intangible assets, net (including goodwill)136,581141,988147,42446,67735,01520,341
Goodwill102,054102,054101,94933,65021,6559,590
Intangible assets, net (excluding goodwill)34,52739,93445,47513,02713,36010,751
Capitalized contract cost, net294,222262,313229,067170,663125,71181,422
Deferred income tax assets15,84640,53019,06011,6024,955
Other undisclosed noncurrent assets92,45877,81069,73149,24141,41835,933
Total noncurrent assets:647,243628,751577,331382,002322,494207,752
TOTAL ASSETS:3,695,6803,937,7734,809,0142,414,8851,985,6481,803,941
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities149,440123,406132,758107,33981,63661,579
Accounts payable6,1537,6118,3744,2301,7553,954
Accrued liabilities143,287115,795124,384103,10979,88157,625
Other undisclosed current liabilities2,625,3553,065,6973,987,7761,759,6771,327,3041,394,469
Total current liabilities:2,774,7953,189,1034,120,5341,867,0161,408,9401,456,048
Noncurrent Liabilities
Long-term debt and lease obligation:   69,11967,20173,299 
Liabilities, other than long-term debt78,02270,9035,8983,73810,50132,986
Deferred rent credit      31,263
Deferred income tax liabilities11,8202,2172,2171,7808,754
Other liabilities3,7313,3333,6811,9581,7471,723
Operating lease, liability62,47165,35369,11967,20173,299
Other undisclosed noncurrent liabilities     100,0006,943
Total noncurrent liabilities:78,02270,90375,01770,939183,80039,929
Total liabilities:2,852,8173,260,0064,195,5511,937,9551,592,7401,495,977
Equity
Equity, attributable to parent842,863677,767613,463476,930392,908307,964
Common stock565655555453
Additional paid in capital380,632310,050289,843241,718227,907207,982
Accumulated other comprehensive income (loss)(4,515)(4,159)(2,303)66675112
Retained earnings466,690371,820325,868235,091164,27299,817
Total equity:842,863677,767613,463476,930392,908307,964
TOTAL LIABILITIES AND EQUITY:3,695,6803,937,7734,809,0142,414,8851,985,6481,803,941

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

9/30/2023
TTM
6/30/2023
12/31/2022
TTM
6/30/2022
6/30/2021
6/30/2020
6/30/2019
Revenues1,174,5981,001,205852,651635,627561,329467,633
Cost of revenue
(Cost of Goods and Services Sold)
(367,039)(327,551)(287,002)(219,298)(182,010)(153,851)
Gross profit:807,559673,654565,649416,329379,319313,782
Operating expenses(652,533)(582,153)(481,055)(358,286)(313,148)(257,558)
Operating income:155,02691,50184,59458,04366,17156,224
Nonoperating income (expense)3,588(676)(997)(939)9471,822
Interest and debt expense    (171)(154) 
Income from continuing operations before equity method investments, income taxes:158,61490,82583,59756,93366,96458,046
Other undisclosed income from continuing operations before income taxes    171154 
Income from continuing operations before income taxes:158,61490,82583,59757,10467,11858,046
Income tax expense (benefit)(17,792)5,1197,18013,715(2,663)(4,223)
Income from continuing operations:140,82295,94490,77770,81964,45553,823
Income before gain (loss) on sale of properties:80,34490,77770,81964,45553,823
Net income available to common stockholders, diluted:140,82295,94490,77770,81964,45553,823

Comprehensive Income ($ in thousands)

9/30/2023
TTM
6/30/2023
12/31/2022
TTM
6/30/2022
6/30/2021
6/30/2020
6/30/2019
Net income:140,82295,94490,77770,81964,45553,823
Comprehensive income:140,82295,94490,77770,81964,45553,823
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(2,212)(3,815)(2,369)(609)563251
Comprehensive income, net of tax, attributable to parent:138,61092,12988,40870,21065,01854,074

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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