$PAYX
PAYCHEX INC

2015 Q2 Form 10-K Financial Statement

#000072353116000046 Filed on July 22, 2016

View on sec.gov

Income Statement

Concept 2015 Q2 2015 Q1 2015
Revenue $692.2M $704.3M $2.740B
YoY Change 8.33% 8.29% 8.76%
Cost Of Revenue $203.6M $211.0M $808.0M
YoY Change -8.7% 10.47% 10.31%
Gross Profit $488.6M $493.3M $1.932B
YoY Change 10.79% 7.38% 8.13%
Gross Profit Margin 70.59% 70.04% 70.51%
Selling, General & Admin $237.0M $229.0M $878.0M
YoY Change 11.42% 9.73% 9.24%
% of Gross Profit 48.51% 46.42% 45.45%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $27.50M $23.00M $106.6M
YoY Change -2.83% 4.07% 1.52%
% of Gross Profit 5.63% 4.66% 5.52%
Operating Expenses $237.0M $440.0M $1.686B
YoY Change 11.42% 10.08% 9.75%
Operating Profit $251.6M $264.3M $1.054B
YoY Change 10.21% 5.42% 7.21%
Interest Expense $2.000M $1.600M $6.400M
YoY Change 42.86% 6.67% 18.52%
% of Operating Profit 0.79% 0.61% 0.61%
Other Income/Expense, Net
YoY Change
Pretax Income $253.6M $265.9M $1.060B
YoY Change 10.4% 5.43% 7.28%
Income Tax $92.40M $96.50M $385.1M
% Of Pretax Income 36.44% 36.29% 36.33%
Net Earnings $161.2M $169.4M $674.9M
YoY Change 10.49% 5.81% 7.55%
Net Earnings / Revenue 23.29% 24.05% 24.63%
Basic Earnings Per Share $0.44 $0.47 $1.86
Diluted Earnings Per Share $0.44 $0.46 $1.85
COMMON SHARES
Basic Shares Outstanding 362.3M shares 363.2M shares 362.9M shares
Diluted Shares Outstanding 364.5M shares 365.0M shares 364.6M shares

Balance Sheet

Concept 2015 Q2 2015 Q1 2015
SHORT-TERM ASSETS
Cash & Short-Term Investments $537.0M $621.0M $536.6M
YoY Change -2.54% 5.97% -2.65%
Cash & Equivalents $170.0M $265.3M $170.0M
Short-Term Investments $367.0M $356.0M $366.6M
Other Short-Term Assets $4.337B $5.156B $4.337B
YoY Change 1.66% 3.64% 1.68%
Inventory
Prepaid Expenses
Receivables $176.6M $148.4M $176.6M
Other Receivables $38.00M $33.00M $37.90M
Total Short-Term Assets $5.103B $5.957B $5.088B
YoY Change 2.01% 4.16% 1.71%
LONG-TERM ASSETS
Property, Plant & Equipment $353.9M $347.7M $353.9M
YoY Change 3.42% 0.75% 3.42%
Goodwill $561.5M $563.8M
YoY Change 3.92% 4.41%
Intangibles $32.40M $35.60M
YoY Change -20.2% -12.1%
Long-Term Investments $400.0M $409.0M $399.8M
YoY Change 3.63% 8.2% 3.68%
Other Assets $31.70M $31.10M $31.70M
YoY Change 45.41% 199.04% -46.18%
Total Long-Term Assets $1.379B $1.387B $1.379B
YoY Change 0.86% 2.72% 0.86%
TOTAL ASSETS
Total Short-Term Assets $5.103B $5.957B $5.088B
Total Long-Term Assets $1.379B $1.387B $1.379B
Total Assets $6.483B $7.344B $6.468B
YoY Change 1.76% 3.89% 1.53%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $51.70M $40.10M $51.70M
YoY Change 5.94% 15.56% 5.94%
Accrued Expenses $210.0M $186.0M $210.4M
YoY Change 22.09% 13.41% 22.54%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $4.573B $5.348B $4.573B
YoY Change 3.02% 4.07% 3.02%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $62.40M $62.90M $107.2M
YoY Change 10.25% 14.16% 8.83%
Total Long-Term Liabilities $62.40M $62.90M $107.2M
YoY Change 10.25% 14.16% 8.83%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.573B $5.348B $4.573B
Total Long-Term Liabilities $62.40M $62.90M $107.2M
Total Liabilities $4.697B $5.472B $4.682B
YoY Change 2.26% 3.62% 1.94%
SHAREHOLDERS EQUITY
Retained Earnings $894.3M $978.3M
YoY Change -6.6% -0.55%
Common Stock $883.7M $871.9M
YoY Change 10.74% 11.8%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.786B $1.872B $1.786B
YoY Change
Total Liabilities & Shareholders Equity $6.483B $7.344B $6.468B
YoY Change 1.76% 3.89% 1.53%

Cashflow Statement

Concept 2015 Q2 2015 Q1 2015
OPERATING ACTIVITIES
Net Income $161.2M $169.4M $674.9M
YoY Change 10.49% 5.81% 7.55%
Depreciation, Depletion And Amortization $27.50M $23.00M $106.6M
YoY Change -2.83% 4.07% 1.52%
Cash From Operating Activities $202.4M $288.1M $895.2M
YoY Change 15.59% -5.73% 1.62%
INVESTING ACTIVITIES
Capital Expenditures -$31.90M -$27.00M $102.8M
YoY Change 25.1% 56.07% 22.24%
Acquisitions $27.10M
YoY Change 191.4%
Other Investing Activities $774.1M -$1.055B -$178.9M
YoY Change 28.25% -1.52% -18.94%
Cash From Investing Activities $742.2M -$1.082B -$285.0M
YoY Change 28.39% -0.61% -9.84%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $182.4M
YoY Change -26.95%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.040B 918.7M -592.7M
YoY Change 19.25% 9.21% 14.07%
NET CHANGE
Cash From Operating Activities 202.4M 288.1M 895.2M
Cash From Investing Activities 742.2M -1.082B -285.0M
Cash From Financing Activities -1.040B 918.7M -592.7M
Net Change In Cash -95.30M 124.9M 17.50M
YoY Change -19.78% 114.24% -61.28%
FREE CASH FLOW
Cash From Operating Activities $202.4M $288.1M $895.2M
Capital Expenditures -$31.90M -$27.00M $102.8M
Free Cash Flow $234.3M $315.1M $792.4M
YoY Change 16.8% -2.42% -0.55%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2016Q2 us-gaap Workers Compensation Liability Noncurrent
WorkersCompensationLiabilityNoncurrent
18400000
CY2014Q3 us-gaap Available For Sale Securities Gross Realized Gain Loss Net
AvailableForSaleSecuritiesGrossRealizedGainLossNet
100000
CY2015 us-gaap Available For Sale Securities Gross Realized Gain Loss Net
AvailableForSaleSecuritiesGrossRealizedGainLossNet
300000
CY2014Q4 us-gaap Available For Sale Securities Gross Realized Gain Loss Net
AvailableForSaleSecuritiesGrossRealizedGainLossNet
100000
CY2015Q2 us-gaap Available For Sale Securities Gross Realized Gain Loss Net
AvailableForSaleSecuritiesGrossRealizedGainLossNet
100000
CY2016 us-gaap Available For Sale Securities Gross Realized Gain Loss Net
AvailableForSaleSecuritiesGrossRealizedGainLossNet
100000
CY2016Q1 us-gaap Available For Sale Securities Gross Realized Gain Loss Net
AvailableForSaleSecuritiesGrossRealizedGainLossNet
100000
CY2015 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.86
CY2015Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.44
CY2015Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.58
CY2016 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.10
CY2015Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.52
CY2016Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.50
CY2016Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.49
CY2014Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.47
CY2014Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.48
CY2015Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.47
CY2014Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.47
CY2014Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.47
CY2015Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.46
CY2015 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.85
CY2015Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.44
CY2015Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.58
CY2016 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.09
CY2015Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.52
CY2016Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.50
CY2016Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.49

Files In Submission

Name View Source Status
0000723531-16-000046-index-headers.html Edgar Link pending
0000723531-16-000046-index.html Edgar Link pending
0000723531-16-000046.txt Edgar Link pending
0000723531-16-000046-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
payx-20160531.xml Edgar Link completed
payx-20160531.xsd Edgar Link pending
payx-20160531x10k.htm Edgar Link pending
payx-20160531x10kg001.jpg Edgar Link pending
payx-20160531xex10_14.htm Edgar Link pending
payx-20160531xex21_1.htm Edgar Link pending
payx-20160531xex23_1.htm Edgar Link pending
payx-20160531xex24_1.htm Edgar Link pending
payx-20160531xex31_1.htm Edgar Link pending
payx-20160531xex31_2.htm Edgar Link pending
payx-20160531xex32_1.htm Edgar Link pending
payx-20160531xex32_2.htm Edgar Link pending
payx-20160531_cal.xml Edgar Link unprocessable
payx-20160531_def.xml Edgar Link unprocessable
payx-20160531_lab.xml Edgar Link unprocessable
payx-20160531_pre.xml Edgar Link unprocessable
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R65.htm Edgar Link pending
R66.htm Edgar Link pending
R67.htm Edgar Link pending
R68.htm Edgar Link pending
R69.htm Edgar Link pending
R7.htm Edgar Link pending
R70.htm Edgar Link pending
R71.htm Edgar Link pending
R72.htm Edgar Link pending
R73.htm Edgar Link pending
R74.htm Edgar Link pending
R75.htm Edgar Link pending
R76.htm Edgar Link pending
R77.htm Edgar Link pending
R78.htm Edgar Link pending
R79.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending