Paycor HCM, Inc. (PYCR) Financial Statements (2024 and earlier)

Company Profile

Business Address 4811 MONTGOMERY ROAD
CINCINNATI, OH 45212
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
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments95,23372,277133,0412,634
Cash and cash equivalents95,23372,277133,0412,634
Receivables30,82031,91221,51116,472
Prepaid expense10,44812,9909,4216,586
Deferred costs54,44845,69137,76924,503
Funds held for clients1,049,1561,183,4741,715,916670,315
Other current assets2,5813,9561,8741,516
Total current assets:1,242,6861,350,3001,919,532722,026
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 530660  
Operating lease, right-of-use asset16,83422,553  
Property, plant and equipment34,57331,98931,67541,080
Intangible assets, net (including goodwill)1,028,2101,075,6671,013,2241,106,125
Goodwill767,738770,120750,155750,802
Intangible assets, net (excluding goodwill)260,472305,547263,069355,323
Deferred costs162,657144,214125,70590,880
Other noncurrent assets2,2322,7941,17919,532
Other undisclosed noncurrent assets53,45344,69540,00231,310
Total noncurrent assets:1,298,4891,322,5721,211,7851,288,927
TOTAL ASSETS:2,541,1752,672,8723,131,3172,010,953
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities72,20852,634103,12944,283
Employee-related liabilities44,59232,305
Accounts payable28,35020,28413,94511,978
Accrued liabilities43,85832,35044,592 
Deferred revenue13,08311,44911,74211,948
Debt 298291  
Restructuring reserve   3,037 
Other undisclosed current liabilities1,077,7471,212,1031,685,325685,742
Total current liabilities:1,163,3361,276,4771,803,233741,973
Noncurrent Liabilities
Long-term debt and lease obligation    49,100
Long-term debt, excluding current maturities    49,100
Liabilities, other than long-term debt104,155128,39943,35392,818
Deferred income tax liabilities18,04722,22231,89576,138
Other liabilities70,04783,86711,45816,680
Operating lease, liability16,06122,310  
Total noncurrent liabilities:104,155128,39943,353141,918
Total liabilities:1,267,4911,404,8761,846,586883,891
Temporary equity, carrying amount    248,423
Equity
Equity, attributable to parent1,273,6841,267,9961,284,731878,639
Preferred stock    262,772
Common stock177176175141
Treasury stock, value(245,074)(245,074)(245,074)(245,074)
Additional paid in capital2,011,1941,967,3521,926,8001,133,399
Accumulated other comprehensive income (loss)(3,118)(2,554)(1,781)3,152
Accumulated deficit(489,495)(451,904)(395,389)(275,751)
Total equity:1,273,6841,267,9961,284,731878,639
TOTAL LIABILITIES AND EQUITY:2,541,1752,672,8723,131,3172,010,953

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

9/30/2023
TTM
6/30/2023
12/31/2022
TTM
6/30/2022
6/30/2021
Revenues552,692484,755429,387352,777
Cost of revenue(187,140)(170,864)(168,188)(154,487)
Gross profit:365,552313,891261,199198,290
Operating expenses(470,207)(432,437)(400,819)(287,623)
Operating loss:(104,655)(118,546)(139,620)(89,333)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
4,6305291,570(1,420)
Interest and debt expense(4,638)(1,685)(541)(2,541)
Loss from continuing operations before income taxes:(104,663)(119,702)(138,591)(93,294)
Income tax benefit11,44822,67030,57420,812
Loss from continuing operations:(93,215)(97,032)(108,017)(72,482)
Loss before gain (loss) on sale of properties:(69,569)(108,017)(72,482)
Net loss:(93,215)(97,032)(108,017)(72,482)
Other undisclosed net loss attributable to parent   (11,621)(24,438)
Net loss available to common stockholders, diluted:(93,215)(97,032)(119,638)(96,920)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
6/30/2023
12/31/2022
TTM
6/30/2022
6/30/2021
Net loss:(93,215)(97,032)(108,017)(72,482)
Other comprehensive income (loss)(1,337)(3,137)(2,980)382
Comprehensive loss:(94,552)(100,169)(110,997)(72,100)
Other undisclosed comprehensive loss, net of tax, attributable to parent   (11,621)(24,438)
Comprehensive loss, net of tax, attributable to parent:(94,552)(100,169)(122,618)(96,538)

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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