$PCTY
Paylocity Holding Corp

2022 Q4 Form 10-Q Financial Statement

#000159169822000184 Filed on November 04, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3
Revenue $273.0M $253.3M
YoY Change 39.26% 39.4%
Cost Of Revenue $90.08M $84.54M
YoY Change 27.19% 33.67%
Gross Profit $182.9M $168.7M
YoY Change 46.09% 42.46%
Gross Profit Margin 67.01% 66.62%
Selling, General & Admin $123.7M $121.6M
YoY Change 34.74% 42.8%
% of Gross Profit 67.62% 72.04%
Research & Development $41.03M $40.09M
YoY Change 62.31% 73.74%
% of Gross Profit 22.43% 23.76%
Depreciation & Amortization $4.579M $14.27M
YoY Change 15.22% 26.01%
% of Gross Profit 2.5% 8.46%
Operating Expenses $164.7M $161.6M
YoY Change 40.7% 49.4%
Operating Profit $18.21M $7.089M
YoY Change 123.74% -30.85%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net -$5.000K -$163.0K
YoY Change -98.66% 39.32%
Pretax Income $18.20M $6.926M
YoY Change 134.39% -31.66%
Income Tax $2.603M -$23.43M
% Of Pretax Income 14.3% -338.23%
Net Earnings $15.60M $30.35M
YoY Change 58.33% -1.88%
Net Earnings / Revenue 5.71% 11.98%
Basic Earnings Per Share $0.28 $0.55
Diluted Earnings Per Share $0.28 $0.54
COMMON SHARES
Basic Shares Outstanding 55.67M shares 55.28M shares
Diluted Shares Outstanding 56.47M shares 56.66M shares

Balance Sheet

Concept 2022 Q4 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $120.1M $65.48M
YoY Change 42.74% -5.89%
Cash & Equivalents $120.1M $65.48M
Short-Term Investments
Other Short-Term Assets $3.096B $2.329B
YoY Change 59.35% -27.4%
Inventory
Prepaid Expenses
Receivables $24.54M $21.52M
Other Receivables $0.00 $0.00
Total Short-Term Assets $3.309B $2.480B
YoY Change 58.55% -25.58%
LONG-TERM ASSETS
Property, Plant & Equipment $59.51M $60.94M
YoY Change -4.68% -2.12%
Goodwill $102.1M $102.1M
YoY Change 49.36% 50.03%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $47.26M $50.93M
YoY Change 13.94% 27.31%
Total Long-Term Assets $628.8M $615.5M
YoY Change 25.37% 28.36%
TOTAL ASSETS
Total Short-Term Assets $3.309B $2.480B
Total Long-Term Assets $628.8M $615.5M
Total Assets $3.938B $3.095B
YoY Change 52.12% -18.8%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $7.611M $6.235M
YoY Change 15.32% -9.77%
Accrued Expenses $115.8M $105.9M
YoY Change 45.64% 30.72%
Deferred Revenue $23.54M $16.81M
YoY Change 99.61% 65.34%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $3.189B $2.412B
YoY Change 58.96% -26.33%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $3.333M $3.427M
YoY Change 61.09% 79.9%
Total Long-Term Liabilities $3.333M $3.427M
YoY Change 61.09% 79.9%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.189B $2.412B
Total Long-Term Liabilities $3.333M $3.427M
Total Liabilities $3.260B $2.484B
YoY Change 56.59% -25.71%
SHAREHOLDERS EQUITY
Retained Earnings $371.8M $356.2M
YoY Change 34.78% 33.91%
Common Stock $56.00K $56.00K
YoY Change 1.82% 1.82%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $677.8M $610.8M
YoY Change
Total Liabilities & Shareholders Equity $3.938B $3.095B
YoY Change 52.12% -18.8%

Cashflow Statement

Concept 2022 Q4 2022 Q3
OPERATING ACTIVITIES
Net Income $15.60M $30.35M
YoY Change 58.33% -1.88%
Depreciation, Depletion And Amortization $4.579M $14.27M
YoY Change 15.22% 26.01%
Cash From Operating Activities $62.37M $16.39M
YoY Change 101.26% -496.59%
INVESTING ACTIVITIES
Capital Expenditures -$13.00M $3.447M
YoY Change -19.31% 7.05%
Acquisitions $0.00
YoY Change -100.0%
Other Investing Activities -$29.70M -$76.08M
YoY Change 631.4% -59.05%
Cash From Investing Activities -$42.71M -$89.48M
YoY Change 111.66% -54.85%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 769.4M -$1.763B
YoY Change -160.84% -229.18%
NET CHANGE
Cash From Operating Activities 62.37M $16.39M
Cash From Investing Activities -42.71M -$89.48M
Cash From Financing Activities 769.4M -$1.763B
Net Change In Cash 789.1M -$1.836B
YoY Change -162.94% -257.94%
FREE CASH FLOW
Cash From Operating Activities $62.37M $16.39M
Capital Expenditures -$13.00M $3.447M
Free Cash Flow $75.37M $12.94M
YoY Change 60.01% -276.01%

Facts In Submission

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135849000 usd
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9648000 usd
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3220000 usd
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3447000 usd
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1162671000 usd
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3793453000 usd
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3108552000 usd
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1957099000 usd
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3079000 usd
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62000 usd
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13000 usd
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19000 usd
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3042121000 usd
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1891615000 usd
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3108552000 usd
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1957099000 usd
CY2022Q3 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 human capital management and payroll software solutions that deliver a comprehensive platform for the modern workforce. Services are provided in a Software-as-a-Service (“SaaS”) delivery model. The Company’s comprehensive product suite delivers a unified platform that helps businesses attract and retain talent, build culture and connection with their employees, and streamline and automate HR and payroll processes.
CY2022Q3 pcty Period Of Term Arrangement
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P2Y
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180824000 usd
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4370000 usd
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6270000 usd
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14195000 usd
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P7Y
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22677000 usd
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226007000 usd
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288568000 usd
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35774000 usd
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308612000 usd
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52591000 usd
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P24M
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3842000 usd
CY2022Q3 us-gaap Depreciation
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4454000 usd
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105000 usd
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23094000 usd
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25865000 usd
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42704000 usd
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2771000 usd
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4893000 usd
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3534000 usd
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3653699000 usd
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3653697000 usd
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14000 usd
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14000 usd
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3140000 usd
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4127532000 usd
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65484000 usd
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65484000 usd
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65484000 usd
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1891615000 usd
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1891615000 usd
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1891615000 usd
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1891615000 usd
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6288000 usd
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407822000 usd
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7000 usd
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6288000 usd
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2364921000 usd
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65484000 usd
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0 usd
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3138000 usd
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285651000 usd
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3138000 usd
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285651000 usd
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5063000 usd
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373492000 usd
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1225000 usd
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21760000 usd
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6288000 usd
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395252000 usd
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275556000 usd
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274072000 usd
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74836000 usd
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72546000 usd
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61708000 usd
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59442000 usd
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2003000 usd
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1762000 usd
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414103000 usd
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407822000 usd
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139756000 usd
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3653697000 usd
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334079000 usd
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4127532000 usd
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65484000 usd
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1891615000 usd
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407822000 usd
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2364921000 usd
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1547000 usd
CY2022Q3 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
2942000 usd
CY2021Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-2.052
CY2022Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-3.382
CY2021Q3 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2022Q3 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
30932000 usd
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
30352000 usd
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
54810000 shares
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
55453000 shares
CY2021Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1696000 shares
CY2022Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1211000 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
56506000 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
56664000 shares
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.56
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.55
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.55
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.54

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