$PYCR
PAYCOR HCM, INC.

2022 Q4 Form 10-Q Financial Statement

#000183943922000030 Filed on November 04, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3 2022 Q2
Revenue $132.9M $118.3M $111.0M
YoY Change 28.91% 27.58% 26.11%
Cost Of Revenue $46.18M $43.19M $40.34M
YoY Change 12.42% -5.32% -3.91%
Gross Profit $86.68M $75.12M $70.65M
YoY Change 39.84% 59.42% 53.49%
Gross Profit Margin 65.24% 63.5% 63.66%
Selling, General & Admin $104.4M $96.11M $65.99M
YoY Change 22.59% 7.74% 44.05%
% of Gross Profit 120.41% 127.94% 93.4%
Research & Development $13.88M $12.40M $13.02M
YoY Change 30.83% 21.7% 37.41%
% of Gross Profit 16.01% 16.51% 18.43%
Depreciation & Amortization $1.196M $1.200M $29.80M
YoY Change -30.87% -30.15% -21.86%
% of Gross Profit 1.38% 1.6% 42.18%
Operating Expenses $118.2M $108.5M $100.1M
YoY Change 23.5% 9.17% 32.44%
Operating Profit -$31.57M -$33.39M -$29.47M
YoY Change -6.5% -36.12% -0.33%
Interest Expense $404.0K $1.087M -$93.00K
YoY Change 260.71% 362.55% -86.6%
% of Operating Profit
Other Income/Expense, Net $66.00K $445.0K $35.00M
YoY Change -79.88% -63.64% 7591.21%
Pretax Income -$31.91M -$34.03M -$30.19M
YoY Change -4.89% -33.63% -13.1%
Income Tax -$4.444M -$4.980M -$6.370M
% Of Pretax Income
Net Earnings -$27.46M -$29.05M -$23.82M
YoY Change 7.85% -45.86% -27.4%
Net Earnings / Revenue -20.67% -24.56% -21.46%
Basic Earnings Per Share -$0.16 -$0.17
Diluted Earnings Per Share -$0.16 -$0.17 -$136.2K
COMMON SHARES
Basic Shares Outstanding 175.9M shares 175.6M shares 174.9M shares
Diluted Shares Outstanding 175.8M shares 175.5M shares

Balance Sheet

Concept 2022 Q4 2022 Q3 2022 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $72.28M $98.16M $133.0M
YoY Change -34.94% -21.96% 4950.91%
Cash & Equivalents $72.28M $98.16M $133.0M
Short-Term Investments
Other Short-Term Assets $3.956M $2.490M $1.874M
YoY Change 304.91% 59.72% 23.61%
Inventory
Prepaid Expenses $12.99M $10.95M $9.421M
Receivables $31.91M $23.36M $21.51M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.350B $1.110B $1.920B
YoY Change 20.93% -36.94% 165.85%
LONG-TERM ASSETS
Property, Plant & Equipment $31.99M $30.79M $31.68M
YoY Change -17.84% -23.13% -22.89%
Goodwill $770.1M $749.2M $750.2M
YoY Change 2.63% -0.16% -0.09%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $2.794M $1.662M $1.179M
YoY Change -87.22% -90.94% -93.96%
Total Long-Term Assets $1.323B $1.304B $1.212B
YoY Change 5.32% 2.99% -5.98%
TOTAL ASSETS
Total Short-Term Assets $1.350B $1.110B $1.920B
Total Long-Term Assets $1.323B $1.304B $1.212B
Total Assets $2.673B $2.413B $3.131B
YoY Change 12.67% -20.23% 55.71%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $20.28M $15.51M $13.95M
YoY Change 69.8% 20.98% 16.42%
Accrued Expenses $56.92M $44.71M $58.50M
YoY Change 43.17% 18.04% 21.65%
Deferred Revenue $11.45M $11.33M $11.74M
YoY Change 7.03% 4.73% -1.72%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $291.0K $287.0K $0.00
YoY Change
Total Short-Term Liabilities $1.276B $1.010B $1.803B
YoY Change 27.29% -38.36% 143.03%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Other Long-Term Liabilities $83.87M $79.58M $11.46M
YoY Change 673.47% 443.58% -31.31%
Total Long-Term Liabilities $83.87M $79.58M $11.46M
YoY Change 673.47% 443.58% -82.58%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.276B $1.010B $1.803B
Total Long-Term Liabilities $83.87M $79.58M $11.46M
Total Liabilities $1.405B $1.139B $1.847B
YoY Change 30.05% -33.94% 108.92%
SHAREHOLDERS EQUITY
Retained Earnings -$451.9M -$424.4M -$395.4M
YoY Change 27.34% 28.85% 43.39%
Common Stock $176.0K $176.0K $175.0K
YoY Change 1.15% 1.15% 24.11%
Preferred Stock
YoY Change
Treasury Stock (at cost) $245.1M $245.1M $245.1M
YoY Change 0.0% 0.0% 0.0%
Treasury Stock Shares
Shareholders Equity $1.268B $1.274B $1.285B
YoY Change
Total Liabilities & Shareholders Equity $2.673B $2.413B $3.131B
YoY Change 12.67% -20.23% 55.71%

Cashflow Statement

Concept 2022 Q4 2022 Q3 2022 Q2
OPERATING ACTIVITIES
Net Income -$27.46M -$29.05M -$23.82M
YoY Change 7.85% -45.86% -27.4%
Depreciation, Depletion And Amortization $1.196M $1.200M $29.80M
YoY Change -30.87% -30.15% -21.86%
Cash From Operating Activities $5.603M -$24.10M $12.72M
YoY Change -478.84% 39.76% -182.51%
INVESTING ACTIVITIES
Capital Expenditures $12.23M $331.0K -$13.32M
YoY Change -218.84% -58.78% 72.22%
Acquisitions
YoY Change
Other Investing Activities -$20.15M -$104.8M $5.658M
YoY Change 4028.07% -3311.4% -646.14%
Cash From Investing Activities -$32.37M -$119.0M -$7.663M
YoY Change 200.38% 2162.46% -12.63%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 247.7M -$772.6M -166.9M
YoY Change -138.77% -173.44% 13.72%
NET CHANGE
Cash From Operating Activities 5.603M -$24.10M 12.72M
Cash From Investing Activities -32.37M -$119.0M -7.663M
Cash From Financing Activities 247.7M -$772.6M -166.9M
Net Change In Cash 220.9M -$915.7M -161.8M
YoY Change -133.93% -188.94% -5.33%
FREE CASH FLOW
Cash From Operating Activities $5.603M -$24.10M $12.72M
Capital Expenditures $12.23M $331.0K -$13.32M
Free Cash Flow -$6.624M -$24.43M $26.04M
YoY Change -175.19% 35.37% -438.99%

Facts In Submission

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WeightedAverageNumberOfSharesOutstandingBasic
166459168 shares
CY2022Q3 us-gaap Profit Loss
ProfitLoss
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CY2021Q3 us-gaap Profit Loss
ProfitLoss
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CY2022Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
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CY2021Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-153000 usd
CY2022Q3 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-1700000 usd
CY2021Q3 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
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CY2022Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2021Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2022Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
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CY2021Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
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CY2022Q3 pycr Comprehensive Income Loss Net Of Tax Attributable To Redeemable Noncontrolling Interest
ComprehensiveIncomeLossNetOfTaxAttributableToRedeemableNoncontrollingInterest
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CY2021Q3 pycr Comprehensive Income Loss Net Of Tax Attributable To Redeemable Noncontrolling Interest
ComprehensiveIncomeLossNetOfTaxAttributableToRedeemableNoncontrollingInterest
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CY2022Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2021Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2021Q3 us-gaap Net Income Loss
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CY2021Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
21812000 usd
CY2021Q3 us-gaap Stock Issued During Period Value New Issues
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454147000 usd
CY2021Q3 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
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CY2021Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2021Q3 us-gaap Stockholders Equity Other
StockholdersEquityOther
10000 usd
CY2021Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1300717000 usd
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1284731000 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
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CY2022Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
16951000 usd
CY2022Q3 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
1293000 usd
CY2022Q3 us-gaap Stock Issued During Period Value Employee Stock Ownership Plan
StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan
4645000 usd
CY2022Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2022Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2022Q3 us-gaap Profit Loss
ProfitLoss
-29052000 usd
CY2021Q3 us-gaap Profit Loss
ProfitLoss
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CY2022Q3 us-gaap Depreciation
Depreciation
1200000 usd
CY2021Q3 us-gaap Depreciation
Depreciation
1718000 usd
CY2022Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
29676000 usd
CY2021Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
36870000 usd
CY2022Q3 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
10028000 usd
CY2021Q3 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
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CY2022Q3 us-gaap Share Based Compensation
ShareBasedCompensation
16951000 usd
CY2021Q3 us-gaap Share Based Compensation
ShareBasedCompensation
21812000 usd
CY2022Q3 us-gaap Amortization Of Financing Costs
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23000 usd
CY2021Q3 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
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CY2022Q3 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2021Q3 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2022Q3 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
562000 usd
CY2021Q3 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
794000 usd
CY2022Q3 us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
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CY2021Q3 us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
6000 usd
CY2022Q3 us-gaap Gain Loss On Sale Of Notes Receivable
GainLossOnSaleOfNotesReceivable
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CY2021Q3 us-gaap Gain Loss On Sale Of Notes Receivable
GainLossOnSaleOfNotesReceivable
1359000 usd
CY2022Q3 us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
-424000 usd
CY2021Q3 us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
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CY2022Q3 pycr Gain Loss On Lease Exit Including Accretion Expense
GainLossOnLeaseExitIncludingAccretionExpense
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CY2021Q3 pycr Gain Loss On Lease Exit Including Accretion Expense
GainLossOnLeaseExitIncludingAccretionExpense
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CY2022Q3 us-gaap Accretion Expense
AccretionExpense
893000 usd
CY2021Q3 us-gaap Accretion Expense
AccretionExpense
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CY2022Q3 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
2450000 usd
CY2021Q3 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
316000 usd
CY2022Q3 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1841000 usd
CY2021Q3 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
4338000 usd
CY2022Q3 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
1358000 usd
CY2021Q3 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
801000 usd
CY2022Q3 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-25220000 usd
CY2021Q3 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-9285000 usd
CY2022Q3 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-439000 usd
CY2021Q3 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
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CY2022Q3 us-gaap Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
21770000 usd
CY2021Q3 us-gaap Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
18338000 usd
CY2022Q3 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-24101000 usd
CY2021Q3 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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CY2022Q3 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
247927000 usd
CY2021Q3 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
39708000 usd
CY2022Q3 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
143107000 usd
CY2021Q3 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
39932000 usd
CY2022Q3 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
331000 usd
CY2021Q3 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
803000 usd
CY2022Q3 us-gaap Proceeds From Sale Of Finance Receivables
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CY2021Q3 us-gaap Proceeds From Sale Of Finance Receivables
ProceedsFromSaleOfFinanceReceivables
3040000 usd
CY2022Q3 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
4713000 usd
CY2021Q3 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
195000 usd
CY2022Q3 us-gaap Payments To Develop Software
PaymentsToDevelopSoftware
9096000 usd
CY2021Q3 us-gaap Payments To Develop Software
PaymentsToDevelopSoftware
7524000 usd
CY2022Q3 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2021Q3 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2022Q3 us-gaap Increase Decrease In Client Funds Held
IncreaseDecreaseInClientFundsHeld
775923000 usd
CY2021Q3 us-gaap Increase Decrease In Client Funds Held
IncreaseDecreaseInClientFundsHeld
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CY2022Q3 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
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CY2021Q3 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
3500000 usd
CY2022Q3 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
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CY2021Q3 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
52600000 usd
CY2022Q3 us-gaap Repayments Of Debt And Capital Lease Obligations
RepaymentsOfDebtAndCapitalLeaseObligations
70000 usd
CY2021Q3 us-gaap Repayments Of Debt And Capital Lease Obligations
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0 usd
CY2022Q3 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
0 usd
CY2021Q3 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
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CY2022Q3 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
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CY2021Q3 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
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CY2022Q3 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1293000 usd
CY2021Q3 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
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CY2022Q3 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
345000 usd
CY2021Q3 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
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CY2022Q3 us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
4300000 usd
CY2021Q3 us-gaap Proceeds From Stock Plans
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CY2022Q3 us-gaap Proceeds From Payments For Other Financing Activities
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CY2021Q3 us-gaap Proceeds From Payments For Other Financing Activities
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CY2022Q3 us-gaap Net Cash Provided By Used In Financing Activities
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CY2021Q3 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2022Q3 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2021Q3 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1029621000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1682923000 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
560000000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1589621000 usd
CY2022Q3 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
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CY2021Q3 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
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CY2022Q3 us-gaap Interest Paid Net
InterestPaidNet
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CY2021Q3 us-gaap Interest Paid Net
InterestPaidNet
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CY2022Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
98161000 usd
CY2021Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
125787000 usd
CY2022Q3 pycr Funds Held For Clients Cash
FundsHeldForClientsCash
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CY2021Q3 pycr Funds Held For Clients Cash
FundsHeldForClientsCash
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CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
767207000 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1589621000 usd
CY2021Q3 us-gaap Payments Of Stock Issuance Costs
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CY2021Q3 us-gaap Deferred Offering Costs
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CY2021Q3 us-gaap Payments Of Dividends
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CY2021Q3 us-gaap Stockholders Equity Note Stock Split Conversion Ratio1
StockholdersEquityNoteStockSplitConversionRatio1
1517.18
CY2022Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
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CY2022Q3 us-gaap Use Of Estimates
UseOfEstimates
Use of estimates The preparation of the unaudited condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates. Significant items subject to such estimates and assumptions include the recognition of revenue, evaluation of potential impairment of goodwill and intangible assets, and the valuation of stock-based compensation.The Company’s results of operations and financial condition can also be affected by economic, political, legislative, regulatory and legal actions, including but not limited to health epidemics and pandemics and their resulting economic impact. Economic conditions, such as recessionary trends, inflation, interest and monetary exchange rates, and government fiscal policies can have a significant effect on the Company’s results of operations and financial condition. While the Company maintains reserves for anticipated liabilities and carries various levels of insurance, the Company could be affected by civil, criminal, regulatory or administrative actions, claims or proceedings.
CY2022Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
3810000 usd
CY2022Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
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CY2022Q3 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
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CY2021Q3 us-gaap Marketing And Advertising Expense
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CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2022Q3 pycr Implementation Fee Recognition Period
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CY2022Q3 us-gaap Allocated Share Based Compensation Expense
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CY2021Q3 us-gaap Allocated Share Based Compensation Expense
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CY2022Q3 us-gaap Operating Lease Right Of Use Asset
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CY2022Q3 us-gaap Operating Lease Liability
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CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2021Q2 us-gaap Contract With Customer Liability
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CY2021Q3 pycr Contract With Customer Liability Deferral Of Revenue
ContractWithCustomerLiabilityDeferralOfRevenue
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CY2022Q3 pycr Contract With Customer Liability Revenue Recognized Including Current Period Revenue
ContractWithCustomerLiabilityRevenueRecognizedIncludingCurrentPeriodRevenue
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CY2021Q3 pycr Contract With Customer Liability Revenue Recognized Including Current Period Revenue
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CY2022Q3 pycr Contract With Customer Liability Foreign Exchange Gain Loss
ContractWithCustomerLiabilityForeignExchangeGainLoss
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CY2021Q3 pycr Contract With Customer Liability Foreign Exchange Gain Loss
ContractWithCustomerLiabilityForeignExchangeGainLoss
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CY2022Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
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CY2021Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
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CY2022Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
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CY2022Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
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CY2022Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
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CY2022Q3 us-gaap Revenue Remaining Performance Obligation
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CY2022Q3 pycr Funds Held For Clients Gross Unrealized Gains
FundsHeldForClientsGrossUnrealizedGains
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CY2022Q3 pycr Funds Held For Clients Gross Unrealized Losses
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CY2022Q3 us-gaap Funds Held For Clients
FundsHeldForClients
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CY2022Q2 pycr Funds Held For Clients Gross Unrealized Gains
FundsHeldForClientsGrossUnrealizedGains
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CY2022Q2 pycr Funds Held For Clients Gross Unrealized Losses
FundsHeldForClientsGrossUnrealizedLosses
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CY2022Q2 us-gaap Funds Held For Clients
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CY2022Q3 pycr Funds Held For Clients Maturities Year One
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CY2022Q3 pycr Funds Held For Clients Maturities Year Two
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CY2022Q3 pycr Funds Held For Clients Maturities Year Three
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CY2022Q3 pycr Funds Held For Clients Maturities Year Four
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CY2022Q3 pycr Funds Held For Clients Maturities After Year Four
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CY2022Q3 pycr Funds Held For Clients Maturities
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CY2022Q3 us-gaap Property Plant And Equipment Gross
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CY2022Q3 us-gaap Property Plant And Equipment Net
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CY2022Q3 us-gaap Depreciation
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CY2021Q3 us-gaap Depreciation
Depreciation
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CY2022Q3 us-gaap Capitalized Computer Software Gross
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CY2022Q2 us-gaap Capitalized Computer Software Gross
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CY2022Q3 us-gaap Capitalized Computer Software Accumulated Amortization
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CY2022Q3 us-gaap Capitalized Computer Software Net
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CY2022Q2 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
40002000 usd
CY2022Q3 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
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CY2021Q3 us-gaap Capitalized Computer Software Amortization1
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4820000 usd
CY2022Q2 us-gaap Goodwill
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CY2022Q3 us-gaap Goodwill Foreign Currency Translation Gain Loss
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CY2022Q3 us-gaap Goodwill
Goodwill
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CY2022Q3 pycr Partnership Agreement
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CY2022Q3 us-gaap Finite Lived Intangible Assets Gross
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CY2022Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
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CY2022Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
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CY2022Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
427955000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
322645000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
263069000 usd
CY2022Q3 pycr Amortization Of Intangible Assets Excluding Capitalized Computer Software
AmortizationOfIntangibleAssetsExcludingCapitalizedComputerSoftware
23270000 usd
CY2021Q3 pycr Amortization Of Intangible Assets Excluding Capitalized Computer Software
AmortizationOfIntangibleAssetsExcludingCapitalizedComputerSoftware
32050000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
73323000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
90356000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
36590000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
12021000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
12004000 usd
CY2022Q3 pycr Finite Lived Intangible Asset Expected Amortization After Year Four
FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFour
98351000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
322645000 usd
CY2022Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
0 usd
CY2022Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
0 usd
CY2022Q3 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
0 usd
CY2022Q2 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
0 usd
CY2022Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
22732000 usd
CY2022Q3 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
725000 usd
CY2022Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
5737000 usd
CY2022Q3 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
287000 usd
CY2022Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
23180000 usd
CY2022Q3 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
556000 usd
CY2022Q3 pycr Operating Lease Cost Current
OperatingLeaseCostCurrent
9000 usd
CY2022Q3 pycr Operating Lease Cost Noncurrent
OperatingLeaseCostNoncurrent
1385000 usd
CY2022Q3 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
65000 usd
CY2022Q3 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
11000 usd
CY2022Q3 us-gaap Lease Cost
LeaseCost
1470000 usd
CY2022Q3 us-gaap Sublease Income
SubleaseIncome
232000 usd
CY2022Q3 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
906000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
5115000 usd
CY2022Q3 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
242000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
5746000 usd
CY2022Q3 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
323000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
4826000 usd
CY2022Q3 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
296000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
4620000 usd
CY2022Q3 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
45000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
4333000 usd
CY2022Q3 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
0 usd
CY2022Q3 pycr Lessee Operating Lease Liability To Be Paid Due After Year Four
LesseeOperatingLeaseLiabilityToBePaidDueAfterYearFour
9435000 usd
CY2022Q3 pycr Finance Lease Liability To Be Paid Due After Year Four
FinanceLeaseLiabilityToBePaidDueAfterYearFour
0 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
34075000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
5158000 usd
CY2022Q3 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
63000 usd
CY2022Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
28917000 usd
CY2022Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
843000 usd
CY2022Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y2M12D
CY2022Q3 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P2Y9M18D
CY2022Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.036
CY2022Q3 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.050
CY2022Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
2322000 usd
CY2022Q3 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
11000 usd
CY2022Q3 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
70000 usd
CY2022Q3 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
0 usd
CY2022Q3 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
6612000 usd
CY2022Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2021Q3 us-gaap Payments Of Dividends
PaymentsOfDividends
260044000 usd
CY2022Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000 shares
CY2022Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000 shares
CY2022Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2022Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2022Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2022Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2022Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2022Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2022Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
175643109 shares
CY2022Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
174909539 shares
CY2022Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-29052000 usd
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-53657000 usd
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
175512577 shares
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
175512577 shares
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
166459168 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
166459168 shares
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.17
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.17
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.32
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.32

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