2022 Q2 Form 10-Q Financial Statement

#000159169822000064 Filed on May 06, 2022

View on sec.gov

Income Statement

Concept 2022 Q2 2022 Q1 2021 Q4
Revenue $228.9M $246.0M $196.0M
YoY Change 36.72% 32.2% 33.97%
Cost Of Revenue $77.39M $75.54M $70.82M
YoY Change 31.07% 31.77% 32.27%
Gross Profit $151.6M $170.4M $125.2M
YoY Change 39.81% 32.4% 34.95%
Gross Profit Margin 66.2% 69.29% 63.87%
Selling, General & Admin $103.8M $97.38M $91.80M
YoY Change 31.39% 36.92% 36.81%
% of Gross Profit 68.52% 57.14% 73.31%
Research & Development $28.88M $25.67M $25.28M
YoY Change 42.54% 39.07% 30.72%
% of Gross Profit 19.06% 15.06% 20.19%
Depreciation & Amortization $13.80M $4.098M $3.974M
YoY Change 26.92% 3.33% -1.0%
% of Gross Profit 9.11% 2.4% 3.17%
Operating Expenses $132.7M $123.1M $117.1M
YoY Change 33.66% 37.36% 35.45%
Operating Profit $18.83M $47.38M $8.138M
YoY Change 106.88% 21.04% 28.14%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net -$197.0K -$311.0K -$372.0K
YoY Change 105.21% 50.24% -1.85%
Pretax Income $18.63M $47.07M $7.766M
YoY Change 106.9% 20.88% 30.04%
Income Tax $3.483M $12.22M -$2.087M
% Of Pretax Income 18.7% 25.97% -26.87%
Net Earnings $15.15M $34.85M $9.853M
YoY Change 27.46% -5.4% 2.19%
Net Earnings / Revenue 6.62% 14.17% 5.03%
Basic Earnings Per Share $0.63 $0.18
Diluted Earnings Per Share $268.2K $0.62 $0.17
COMMON SHARES
Basic Shares Outstanding 55.12M shares 55.11M shares 55.07M shares
Diluted Shares Outstanding 56.37M shares 56.47M shares

Balance Sheet

Concept 2022 Q2 2022 Q1 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $139.8M $96.47M $84.10M
YoY Change -32.4% -47.08% -63.8%
Cash & Equivalents $139.8M $96.47M $84.10M
Short-Term Investments $0.00 $0.00 $0.00
Other Short-Term Assets $4.017B $4.348B $1.943B
YoY Change 126.21% 110.44% -12.48%
Inventory
Prepaid Expenses
Receivables $15.75M $17.79M $9.830M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $4.232B $4.517B $2.087B
YoY Change 108.16% 96.53% -16.38%
LONG-TERM ASSETS
Property, Plant & Equipment $62.84M $64.00M $62.43M
YoY Change 5.02% 2.92% -2.56%
Goodwill $101.9M $102.2M $68.33M
YoY Change 202.97% 207.93% 105.9%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $26.81M $29.71M $41.48M
YoY Change 69.39% 170.13% 226.57%
Total Long-Term Assets $577.3M $562.2M $501.5M
YoY Change 51.13% 53.94% 41.21%
TOTAL ASSETS
Total Short-Term Assets $4.232B $4.517B $2.087B
Total Long-Term Assets $577.3M $562.2M $501.5M
Total Assets $4.809B $5.079B $2.589B
YoY Change 99.14% 90.69% -9.2%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $8.374M $5.051M $6.600M
YoY Change 97.97% 52.18% 138.18%
Accrued Expenses $124.4M $108.8M $79.51M
YoY Change 20.63% 30.89% 23.83%
Deferred Revenue $13.55M $14.33M $11.79M
YoY Change 43.49% 48.92% 29.72%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $4.121B $4.438B $2.006B
YoY Change 120.7% 107.56% -11.67%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Other Long-Term Liabilities $3.681M $2.422M $2.069M
YoY Change 88.0% 26.81% 14.18%
Total Long-Term Liabilities $3.681M $2.422M $2.069M
YoY Change 88.0% 26.81% 14.18%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.121B $4.438B $2.006B
Total Long-Term Liabilities $3.681M $2.422M $2.069M
Total Liabilities $4.196B $4.514B $2.082B
YoY Change 116.49% 104.34% -14.77%
SHAREHOLDERS EQUITY
Retained Earnings $325.9M $310.7M $275.9M
YoY Change 38.61% 39.21% 48.02%
Common Stock $55.00K $55.00K $55.00K
YoY Change 0.0% 1.85% 1.85%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $613.5M $565.4M $506.7M
YoY Change
Total Liabilities & Shareholders Equity $4.809B $5.079B $2.589B
YoY Change 99.14% 90.69% -9.2%

Cashflow Statement

Concept 2022 Q2 2022 Q1 2021 Q4
OPERATING ACTIVITIES
Net Income $15.15M $34.85M $9.853M
YoY Change 27.46% -5.4% 2.19%
Depreciation, Depletion And Amortization $13.80M $4.098M $3.974M
YoY Change 26.92% 3.33% -1.0%
Cash From Operating Activities $49.66M $78.54M $30.99M
YoY Change 27.17% 18.81% 45.49%
INVESTING ACTIVITIES
Capital Expenditures -$10.94M -$13.15M -$16.12M
YoY Change 32.57% 47.71% 46.5%
Acquisitions
YoY Change
Other Investing Activities -$187.5M -$49.90M -$4.061M
YoY Change -1087.88% -312.32% -162.48%
Cash From Investing Activities -$198.4M -$63.04M -$20.18M
YoY Change -1950.7% -531.79% 348.36%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -331.2M 2.403B -1.265B
YoY Change 10.94% -1026.76% -254.22%
NET CHANGE
Cash From Operating Activities 49.66M 78.54M 30.99M
Cash From Investing Activities -198.4M -63.04M -20.18M
Cash From Financing Activities -331.2M 2.403B -1.265B
Net Change In Cash -479.9M 2.419B -1.254B
YoY Change 92.93% -1454.19% -249.83%
FREE CASH FLOW
Cash From Operating Activities $49.66M $78.54M $30.99M
Capital Expenditures -$10.94M -$13.15M -$16.12M
Free Cash Flow $60.60M $91.68M $47.11M
YoY Change 28.11% 22.24% 45.84%

Facts In Submission

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CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
56414000 shares
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
56367000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
56338000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
56437000 shares
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
408218000 USD
CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
16663000 USD
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7525000 USD
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CY2021Q1 us-gaap Net Income Loss
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36834000 USD
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
454609000 USD
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
506693000 USD
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AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
26498000 USD
us-gaap Net Income Loss
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75631000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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-536000 USD
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
34846000 USD
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
565419000 USD
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
392908000 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
48896000 USD
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
2477000 USD
us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
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6100000 USD
pcty Net Settlement For Taxes Andor Exercise Price Related To Equity Awards
NetSettlementForTaxesAndorExercisePriceRelatedToEquityAwards
54172000 USD
us-gaap Net Income Loss
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58936000 USD
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
454609000 USD
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
476930000 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
75726000 USD
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
1972000 USD
us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
7216000 USD
pcty Net Settlement For Taxes Andor Exercise Price Related To Equity Awards
NetSettlementForTaxesAndorExercisePriceRelatedToEquityAwards
70428000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-1628000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
136000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
36419000 USD
us-gaap Other Noncash Expense
OtherNoncashExpense
545000 USD
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
565419000 USD
us-gaap Profit Loss
ProfitLoss
58936000 USD
us-gaap Profit Loss
ProfitLoss
75631000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
46947000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
70197000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
32070000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-10656000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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us-gaap Provision For Doubtful Accounts
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213000 USD
us-gaap Provision For Doubtful Accounts
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238000 USD
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-315000 USD
us-gaap Accretion Amortization Of Discounts And Premiums Investments
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-342000 USD
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127000 USD
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286000 USD
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4495000 USD
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9654000 USD
pcty Increase Decrease In Capitalized Contract Cost
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39621000 USD
pcty Increase Decrease In Capitalized Contract Cost
IncreaseDecreaseInCapitalizedContractCost
49205000 USD
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
2531000 USD
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
9418000 USD
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1592000 USD
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IncreaseDecreaseInAccountsPayableTrade
141000 USD
pcty Increase Decrease In Accrued Liabilities And Other Liabilities
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2318000 USD
pcty Increase Decrease In Accrued Liabilities And Other Liabilities
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1163000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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85760000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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105394000 USD
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
0 USD
us-gaap Payments To Acquire Available For Sale Securities Debt
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215538000 USD
us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
82488000 USD
us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
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us-gaap Proceeds From Stock Options Exercised
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146000 USD
us-gaap Payments To Develop Software
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21664000 USD
us-gaap Payments To Develop Software
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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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2500000 USD
us-gaap Net Cash Provided By Used In Investing Activities
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37677000 USD
us-gaap Net Cash Provided By Used In Investing Activities
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pcty Increase Decrease In Client Funds Obligation
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-724610000 USD
pcty Increase Decrease In Client Funds Obligation
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us-gaap Proceeds From Lines Of Credit
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us-gaap Proceeds From Lines Of Credit
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50000000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
100000000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
50000000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
0 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
6100000 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
7216000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
51828000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
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us-gaap Payments Of Debt Issuance Costs
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us-gaap Payments Of Debt Issuance Costs
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64000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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578972000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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2503472000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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702409000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
2327487000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1945881000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2194542000 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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4273368000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
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us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1251000 USD
us-gaap Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1
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281000 USD
us-gaap Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1
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4470000 USD
us-gaap Interest Paid Net
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us-gaap Interest Paid Net
InterestPaidNet
257000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
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us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-115000 USD
CY2021Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
175453000 USD
CY2022Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
96465000 USD
CY2021Q1 pcty Funds Held For Clients Cash And Cash Equivalents
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2019089000 USD
CY2022Q1 pcty Funds Held For Clients Cash And Cash Equivalents
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4176903000 USD
CY2021Q1 pcty Cash Cash Equivalents And Funds Held For Clients Cash And Cash Equivalent
CashCashEquivalentsAndFundsHeldForClientsCashAndCashEquivalent
2194542000 USD
CY2022Q1 pcty Cash Cash Equivalents And Funds Held For Clients Cash And Cash Equivalent
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4273368000 USD
us-gaap Nature Of Operations
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<div style="margin-top:10pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(1) Organization and Description of Business</span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div>Paylocity Holding Corporation (the “Company”) is a cloud-based provider of payroll and human capital management software solutions. Services are provided in a Software-as-a-Service (“SaaS”) delivery model utilizing the Company’s cloud-based platform. The Company’s comprehensive product suite, comprised of payroll, human capital management, workforce management, talent management, benefits, modern workforce solutions and analytics &amp; insights, delivers a unified platform that allows clients to make strategic decisions while promoting a modern workplace and improving employee engagement.
pcty Period Of Term Arrangement
PeriodOfTermArrangement
P2Y
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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620827000 USD
CY2020Q4 us-gaap Contract With Customer Liability
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7065000 USD
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CY2020Q2 us-gaap Contract With Customer Liability
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CY2021Q2 us-gaap Contract With Customer Liability
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us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
11811000 USD
us-gaap Increase Decrease In Contract With Customer Liability
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18865000 USD
CY2021Q1 pcty Total Revenue Recognized From Both The Beginning Balance And Current Period Increase In Contract Liability
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4097000 USD
CY2022Q1 pcty Total Revenue Recognized From Both The Beginning Balance And Current Period Increase In Contract Liability
TotalRevenueRecognizedFromBothTheBeginningBalanceAndCurrentPeriodIncreaseInContractLiability
6044000 USD
pcty Total Revenue Recognized From Both The Beginning Balance And Current Period Increase In Contract Liability
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pcty Total Revenue Recognized From Both The Beginning Balance And Current Period Increase In Contract Liability
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15197000 USD
CY2021Q1 us-gaap Contract With Customer Liability
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CY2022Q1 us-gaap Contract With Customer Liability
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12402000 USD
CY2021Q1 us-gaap Contract With Customer Liability
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CY2022Q1 us-gaap Contract With Customer Liability
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CY2022Q1 pcty Capitalized Contract Cost Additions
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pcty Capitalized Contract Cost Additions
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67402000 USD
us-gaap Capitalized Contract Cost Amortization
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197664000 USD
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214893000 USD
us-gaap Capitalized Contract Cost Amortization
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CY2022Q1 us-gaap Capitalized Contract Cost Net
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CY2021Q1 us-gaap Depreciation
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CY2022Q1 us-gaap Depreciation
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us-gaap Depreciation
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us-gaap Depreciation
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CY2021Q2 us-gaap Goodwill
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2770000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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10948000 USD
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7269000 USD
CY2022Q1 pcty Finite Lived Intangible Asset Expected Amortization After Year Four
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8427000 USD
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48245000 USD
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1743594000 USD
CY2021Q2 pcty Funds Held For Clients Cash And Cash Equivalents
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1743594000 USD
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20452000 USD
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87000 USD
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0 USD
CY2021Q2 us-gaap Available For Sale Securities Debt Securities
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20539000 USD
CY2021Q2 pcty Investments Amortized Cost
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1966333000 USD
CY2021Q2 pcty Investments Accumulated Gross Unrealized Gain Before Tax
InvestmentsAccumulatedGrossUnrealizedGainBeforeTax
87000 USD
CY2021Q2 pcty Investments Accumulated Gross Unrealized Loss Before Tax
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CY2021Q2 us-gaap Investments
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96465000 USD
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96465000 USD
CY2022Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
96465000 USD
CY2022Q1 pcty Funds Held For Clients Cash And Cash Equivalents Amortized Cost
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4176903000 USD
CY2022Q1 pcty Funds Held For Clients Cash And Cash Equivalents Amortized Cost
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4176903000 USD
CY2022Q1 pcty Funds Held For Clients Cash And Cash Equivalents
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4176903000 USD
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1000 USD
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2110000 USD
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CY2021Q1 pcty Credit Impairment Loss
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0 USD
pcty Credit Impairment Loss
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CY2022Q1 pcty Credit Impairment Loss
CreditImpairmentLoss
0 USD
pcty Credit Impairment Loss
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CY2022Q1 pcty Debt Securities Available For Sale Amortized Cost Maturity Allocated And Single Maturity Date After Year Three Through Five
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4010000 USD
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CY2022Q1 us-gaap Investments
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us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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34846000 USD
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58936000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
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75631000 USD
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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54415000 shares
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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55114000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
54244000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
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54996000 shares
CY2021Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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1999000 shares
CY2022Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1253000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2094000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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1441000 shares
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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56367000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Earnings Per Share Basic
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78000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2021Q1 us-gaap Earnings Per Share Basic
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1000 shares
CY2022Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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81000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
13000 shares

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