2023 Q1 Form 10-Q Financial Statement

#000159169823000010 Filed on February 03, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4
Revenue $339.9M $273.0M
YoY Change 38.17% 39.26%
Cost Of Revenue $95.71M $90.08M
YoY Change 26.71% 27.19%
Gross Profit $244.1M $182.9M
YoY Change 43.25% 46.09%
Gross Profit Margin 71.84% 67.01%
Selling, General & Admin $121.4M $123.7M
YoY Change 24.71% 34.74%
% of Gross Profit 49.74% 67.62%
Research & Development $42.32M $41.03M
YoY Change 64.87% 62.31%
% of Gross Profit 17.34% 22.43%
Depreciation & Amortization $4.633M $4.579M
YoY Change 13.06% 15.22%
% of Gross Profit 1.9% 2.5%
Operating Expenses $163.8M $164.7M
YoY Change 33.08% 40.7%
Operating Profit $80.38M $18.21M
YoY Change 69.65% 123.74%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net $1.139M -$5.000K
YoY Change -466.24% -98.66%
Pretax Income $81.52M $18.20M
YoY Change 73.19% 134.39%
Income Tax $23.90M $2.603M
% Of Pretax Income 29.32% 14.3%
Net Earnings $57.62M $15.60M
YoY Change 65.34% 58.33%
Net Earnings / Revenue 16.95% 5.71%
Basic Earnings Per Share $1.03 $0.28
Diluted Earnings Per Share $1.02 $0.28
COMMON SHARES
Basic Shares Outstanding 55.77M shares 55.67M shares
Diluted Shares Outstanding 56.56M shares 56.47M shares

Balance Sheet

Concept 2023 Q1 2022 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $233.7M $120.1M
YoY Change 142.26% 42.74%
Cash & Equivalents $233.7M $120.1M
Short-Term Investments
Other Short-Term Assets $3.231B $3.096B
YoY Change -25.68% 59.35%
Inventory
Prepaid Expenses
Receivables $27.45M $24.54M
Other Receivables $0.00 $0.00
Total Short-Term Assets $3.566B $3.309B
YoY Change -21.05% 58.55%
LONG-TERM ASSETS
Property, Plant & Equipment $60.07M $59.51M
YoY Change -6.15% -4.68%
Goodwill $102.1M $102.1M
YoY Change -0.13% 49.36%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $24.53M $47.26M
YoY Change -17.44% 13.94%
Total Long-Term Assets $627.5M $628.8M
YoY Change 11.61% 25.37%
TOTAL ASSETS
Total Short-Term Assets $3.566B $3.309B
Total Long-Term Assets $627.5M $628.8M
Total Assets $4.194B $3.938B
YoY Change -17.44% 52.12%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $7.968M $7.611M
YoY Change 57.75% 15.32%
Accrued Expenses $144.3M $115.8M
YoY Change 32.59% 45.64%
Deferred Revenue $23.48M $23.54M
YoY Change 63.86% 99.61%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $3.355B $3.189B
YoY Change -24.42% 58.96%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $3.830M $3.333M
YoY Change 58.13% 61.09%
Total Long-Term Liabilities $3.830M $3.333M
YoY Change 58.13% 61.09%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.355B $3.189B
Total Long-Term Liabilities $3.830M $3.333M
Total Liabilities $3.425B $3.260B
YoY Change -24.13% 56.59%
SHAREHOLDERS EQUITY
Retained Earnings $429.4M $371.8M
YoY Change 38.21% 34.78%
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 $768.7M $677.8M
YoY Change
Total Liabilities & Shareholders Equity $4.194B $3.938B
YoY Change -17.44% 52.12%

Cashflow Statement

Concept 2023 Q1 2022 Q4
OPERATING ACTIVITIES
Net Income $57.62M $15.60M
YoY Change 65.34% 58.33%
Depreciation, Depletion And Amortization $4.633M $4.579M
YoY Change 13.06% 15.22%
Cash From Operating Activities $127.4M $62.37M
YoY Change 62.15% 101.26%
INVESTING ACTIVITIES
Capital Expenditures $13.09M -$13.00M
YoY Change -199.59% -19.31%
Acquisitions
YoY Change
Other Investing Activities -$153.5M -$29.70M
YoY Change 207.6% 631.4%
Cash From Investing Activities -$166.6M -$42.71M
YoY Change 164.22% 111.66%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 131.9M 769.4M
YoY Change -94.51% -160.84%
NET CHANGE
Cash From Operating Activities 127.4M 62.37M
Cash From Investing Activities -166.6M -42.71M
Cash From Financing Activities 131.9M 769.4M
Net Change In Cash 92.68M 789.1M
YoY Change -96.17% -162.94%
FREE CASH FLOW
Cash From Operating Activities $127.4M $62.37M
Capital Expenditures $13.09M -$13.00M
Free Cash Flow $114.3M $75.37M
YoY Change 24.62% 60.01%

Facts In Submission

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516000 usd
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pcty Net Settlement For Taxes Andor Exercise Price Related To Equity Awards
NetSettlementForTaxesAndorExercisePriceRelatedToEquityAwards
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us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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us-gaap Net Income Loss
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StockholdersEquity
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AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
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pcty Stock Issued During Period Value Restricted Stock Units Vesting
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us-gaap Net Income Loss
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CY2022Q4 us-gaap Stockholders Equity
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us-gaap Profit Loss
ProfitLoss
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us-gaap Profit Loss
ProfitLoss
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us-gaap Share Based Compensation
ShareBasedCompensation
45802000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
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us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
23383000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
29094000 usd
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602000 usd
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pcty Increase Decrease In Capitalized Contract Cost
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26786000 usd
pcty Increase Decrease In Capitalized Contract Cost
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10008000 usd
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pcty Increase Decrease In Accrued Liabilities And Other Liabilities
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us-gaap Net Cash Provided By Used In Operating Activities
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60391000 usd
us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
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190253000 usd
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Payments Related To Tax Withholding For Share Based Compensation
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PaymentsOfDebtIssuanceCosts
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100391000 usd
us-gaap Net Cash Provided By Used In Financing Activities
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CY2022Q4 us-gaap Revenue Remaining Performance Obligation
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53940000 usd
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1854793000 usd
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us-gaap Capital Expenditures Incurred But Not Yet Paid
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us-gaap Interest Paid Net
InterestPaidNet
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120053000 usd
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CY2022Q4 pcty Funds Held For Clients Cash And Cash Equivalents At Carrying Value
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2626114000 usd
CY2021Q4 pcty Cash Cash Equivalents And Funds Held For Clients Cash And Cash Equivalent
CashCashEquivalentsAndFundsHeldForClientsCashAndCashEquivalent
1854793000 usd
CY2022Q4 pcty Cash Cash Equivalents And Funds Held For Clients Cash And Cash Equivalent
CashCashEquivalentsAndFundsHeldForClientsCashAndCashEquivalent
2746167000 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 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.
pcty Period Of Term Arrangement
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P2Y
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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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CY2022Q4 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
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P24M
CY2022Q3 us-gaap Contract With Customer Liability
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5407000 usd
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us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
9760000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
20234000 usd
CY2021Q4 pcty Total Revenue Recognized From Both The Beginning Balance And Current Period Increase In Contract Liability
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4783000 usd
CY2022Q4 pcty Total Revenue Recognized From Both The Beginning Balance And Current Period Increase In Contract Liability
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6460000 usd
pcty Total Revenue Recognized From Both The Beginning Balance And Current Period Increase In Contract Liability
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9153000 usd
pcty Total Revenue Recognized From Both The Beginning Balance And Current Period Increase In Contract Liability
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12730000 usd
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ContractWithCustomerLiability
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ContractWithCustomerLiability
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CY2021Q4 us-gaap Contract With Customer Liability
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CY2022Q4 us-gaap Contract With Customer Liability
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P7Y
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28029000 usd
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308612000 usd
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CapitalizedContractCostAdditions
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CapitalizedContractCostAmortization
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pcty Capitalized Contract Cost Additions
CapitalizedContractCostAdditions
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us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
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241679000 usd
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CapitalizedContractCostNet
288568000 usd
pcty Capitalized Contract Cost Additions
CapitalizedContractCostAdditions
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us-gaap Allowance For Doubtful Accounts Receivable Write Offs
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AllowanceForDoubtfulAccountsReceivable
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131171000 usd
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76710000 usd
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Depreciation
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us-gaap Depreciation
Depreciation
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us-gaap Depreciation
Depreciation
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us-gaap Goodwill Acquired During Period
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105000 usd
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23094000 usd
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45475000 usd
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5407000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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4893000 usd
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FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFour
3534000 usd
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39934000 usd
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3653699000 usd
CY2022Q2 pcty Funds Held For Clients Cash And Cash Equivalents Accumulated Gross Unrealized Loss Before Tax
FundsHeldForClientsCashAndCashEquivalentsAccumulatedGrossUnrealizedLossBeforeTax
2000 usd
CY2022Q2 pcty Funds Held For Clients Cash And Cash Equivalents At Carrying Value
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CY2022Q2 us-gaap Available For Sale Debt Securities Amortized Cost Basis
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CY2022Q2 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
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3138000 usd
CY2022Q2 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
334079000 usd
CY2022Q2 pcty Investments Amortized Cost
InvestmentsAmortizedCost
4130658000 usd
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InvestmentsAccumulatedGrossUnrealizedGainBeforeTax
14000 usd
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InvestmentsAccumulatedGrossUnrealizedLossBeforeTax
3140000 usd
CY2022Q2 us-gaap Investments
Investments
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CashAndCashEquivalentsAmortizedCost
120053000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
120053000 usd
CY2022Q4 pcty Funds Held For Clients Cash And Cash Equivalents Amortized Cost
FundsHeldForClientsCashAndCashEquivalentsAmortizedCost
2626112000 usd
CY2022Q4 pcty Funds Held For Clients Cash And Cash Equivalents Accumulated Gross Unrealized Gain Before Tax
FundsHeldForClientsCashAndCashEquivalentsAccumulatedGrossUnrealizedGainBeforeTax
3000 usd
CY2022Q4 pcty Funds Held For Clients Cash And Cash Equivalents Accumulated Gross Unrealized Loss Before Tax
FundsHeldForClientsCashAndCashEquivalentsAccumulatedGrossUnrealizedLossBeforeTax
1000 usd
CY2022Q4 pcty Funds Held For Clients Cash And Cash Equivalents At Carrying Value
FundsHeldForClientsCashAndCashEquivalentsAtCarryingValue
2626114000 usd
CY2022Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
445031000 usd
CY2022Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
176000 usd
CY2022Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
5624000 usd
CY2022Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
439583000 usd
CY2022Q4 pcty Investments Amortized Cost
InvestmentsAmortizedCost
3191196000 usd
CY2022Q4 pcty Investments Accumulated Gross Unrealized Gain Before Tax
InvestmentsAccumulatedGrossUnrealizedGainBeforeTax
179000 usd
CY2022Q4 pcty Investments Accumulated Gross Unrealized Loss Before Tax
InvestmentsAccumulatedGrossUnrealizedLossBeforeTax
5625000 usd
CY2022Q4 us-gaap Investments
Investments
3185750000 usd
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
139756000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
120053000 usd
CY2022Q2 us-gaap Funds Held For Clients
FundsHeldForClients
3987776000 usd
CY2022Q4 us-gaap Funds Held For Clients
FundsHeldForClients
3065697000 usd
CY2022Q2 us-gaap Investments
Investments
4127532000 usd
CY2022Q4 us-gaap Investments
Investments
3185750000 usd
CY2022Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
3138000 usd
us-gaap Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
0 usd
CY2022Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
285651000 usd
CY2022Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
0 usd
CY2022Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
0 usd
CY2022Q2 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
3138000 usd
CY2022Q2 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
285651000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
3497000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
228066000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
2127000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
50739000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
5624000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
278805000 usd
pcty Credit Impairment Loss
CreditImpairmentLoss
0 usd
CY2022Q4 pcty Credit Impairment Loss
CreditImpairmentLoss
0 usd
CY2021Q4 pcty Credit Impairment Loss
CreditImpairmentLoss
0 usd
pcty Credit Impairment Loss
CreditImpairmentLoss
0 usd
CY2021Q4 us-gaap Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
0 usd
us-gaap Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
0 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
0 usd
CY2022Q4 us-gaap Available For Sale Securities Debt Maturities Remainder Of Fiscal Year Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesRemainderOfFiscalYearAmortizedCostBasis
259823000 usd
CY2022Q4 us-gaap Available For Sale Securities Debt Maturities Remainder Of Fiscal Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesRemainderOfFiscalYearFairValue
258853000 usd
CY2022Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
90033000 usd
CY2022Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
87491000 usd
CY2022Q4 pcty Available For Sale Securities Debt Maturities Two Years To Three Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesTwoYearsToThreeYearsAmortizedCost
93175000 usd
CY2022Q4 pcty Available For Sale Securities Debt Maturities Two Years To Three Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesTwoYearsToThreeYearsFairValue
91459000 usd
CY2022Q4 pcty Debt Securities Available For Sale Amortized Cost Maturity Allocated And Single Maturity Date After Year Three Through Five
DebtSecuritiesAvailableForSaleAmortizedCostMaturityAllocatedAndSingleMaturityDateAfterYearThreeThroughFive
2000000 usd
CY2022Q4 pcty Debt Securities Available For Sale Fair Value Maturity Allocated And Single Maturity Date After Year Three Through Five
DebtSecuritiesAvailableForSaleFairValueMaturityAllocatedAndSingleMaturityDateAfterYearThreeThroughFive
1780000 usd
CY2022Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
445031000 usd
CY2022Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
439583000 usd
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
139756000 usd
CY2022Q2 pcty Funds Held For Clients Cash And Cash Equivalents At Carrying Value
FundsHeldForClientsCashAndCashEquivalentsAtCarryingValue
3653697000 usd
CY2022Q2 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
334079000 usd
CY2022Q2 us-gaap Investments
Investments
4127532000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
120053000 usd
CY2022Q4 pcty Funds Held For Clients Cash And Cash Equivalents At Carrying Value
FundsHeldForClientsCashAndCashEquivalentsAtCarryingValue
2626114000 usd
CY2022Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
439583000 usd
CY2022Q4 us-gaap Investments
Investments
3185750000 usd
CY2021Q4 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
26243000 usd
CY2022Q4 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
43551000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
45802000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
83364000 usd
CY2021Q4 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
1879000 usd
CY2022Q4 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
3154000 usd
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
3426000 usd
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
6096000 usd
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 rate
CY2021Q4 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.269
CY2022Q4 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.143
CY2021Q4 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2022Q4 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-1.278
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.829
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 rate
CY2021Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
9853000 usd
CY2022Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
15600000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
40785000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
45952000 usd
CY2021Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
55067000 shares
CY2022Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
55721000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
54938000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
55587000 shares
CY2021Q4 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1401000 shares
CY2022Q4 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
753000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1548000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
972000 shares
CY2021Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
56468000 shares
CY2022Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
56474000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
56486000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
56559000 shares
CY2021Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.18
CY2022Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.28
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.74
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.83
CY2021Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.17
CY2022Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.28
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.72
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.81
CY2021Q4 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
76000 shares
CY2022Q4 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
673000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
77000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
661000 shares

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pcty-20221231_cal.xml Edgar Link unprocessable
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pcty-20221231_htm.xml Edgar Link completed