$PAYX
PAYCHEX INC

2024 Q4 Form 10-Q Financial Statement

#000095017024138425 Filed on December 19, 2024

View on sec.gov

Income Statement

Concept 2024 Q4
Revenue $1.317B
YoY Change 4.69%
Cost Of Revenue $379.1M
YoY Change 4.12%
Gross Profit $937.8M
YoY Change 4.92%
Gross Profit Margin 71.21%
Selling, General & Admin $399.7M
YoY Change 3.12%
% of Gross Profit 42.62%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $29.30M
YoY Change -8.44%
% of Gross Profit 3.12%
Operating Expenses $399.7M
YoY Change 3.12%
Operating Profit $538.1M
YoY Change 6.3%
Interest Expense $9.500M
YoY Change 11.76%
% of Operating Profit 1.77%
Other Income/Expense, Net -$700.0K
YoY Change 600.0%
Pretax Income $543.7M
YoY Change 4.98%
Income Tax $130.3M
% Of Pretax Income 23.97%
Net Earnings
YoY Change
Net Earnings / Revenue
Basic Earnings Per Share $1.15
Diluted Earnings Per Share $1.14
COMMON SHARES
Basic Shares Outstanding 360.0M
Diluted Shares Outstanding 361.7M

Balance Sheet

Concept 2024 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $1.202B
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $7.430B
YoY Change -16.74%
LONG-TERM ASSETS
Property, Plant & Equipment $432.1M
YoY Change 3.47%
Goodwill $1.880B
YoY Change -0.13%
Intangibles $179.8M
YoY Change -10.55%
Long-Term Investments
YoY Change
Other Assets $119.1M
YoY Change 29.6%
Total Long-Term Assets $3.125B
YoY Change -0.11%
TOTAL ASSETS
Total Short-Term Assets $7.430B
Total Long-Term Assets $3.125B
Total Assets $10.55B
YoY Change -12.42%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $89.20M
YoY Change -3.36%
Accrued Expenses
YoY Change
Deferred Revenue $50.70M
YoY Change -7.99%
Short-Term Debt $18.20M
YoY Change 33.82%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $5.329B
YoY Change -26.54%
LONG-TERM LIABILITIES
Long-Term Debt $798.9M
YoY Change 0.06%
Other Long-Term Liabilities $246.7M
YoY Change 9.55%
Total Long-Term Liabilities $1.046B
YoY Change 2.15%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.329B
Total Long-Term Liabilities $1.046B
Total Liabilities $6.629B
YoY Change -22.27%
SHAREHOLDERS EQUITY
Retained Earnings $2.225B
YoY Change 10.71%
Common Stock $1.793B
YoY Change 6.59%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.926B
YoY Change
Total Liabilities & Shareholders Equity $10.55B
YoY Change -12.42%

Cashflow Statement

Concept 2024 Q4
OPERATING ACTIVITIES
Net Income
YoY Change
Depreciation, Depletion And Amortization $29.30M
YoY Change -8.44%
Cash From Operating Activities
YoY Change
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities
YoY Change
NET CHANGE
Cash From Operating Activities
Cash From Investing Activities
Cash From Financing Activities
Net Change In Cash
YoY Change
FREE CASH FLOW
Cash From Operating Activities
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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Paychex, Inc.
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<p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Description of business: </span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">Paychex, Inc. and its wholly owned subsidiaries (collectively, the “Company” or “Paychex”) is a leading provider of integrated human capital management (“HCM”) solutions for human resources (“HR”), payroll, benefits, and insurance for small- to medium-sized businesses in the United States (“U.S.”) and parts of Europe. The Company also has operations in India. Paychex, a Delaware corporation formed in 1979, reports as </span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">one</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> segment.</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p>
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us-gaap Revenue Performance Obligation Description Of Timing
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us-gaap Revenue Performance Obligation Description Of Timing
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