Paycom software, inc. (PAYC)
Balance Sheet / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13
Assets
Current assets:
Cash and cash equivalents

181,827

133,667

108,127

94,814

91,307

45,718

85,048

54,630

68,121

46,077

66,610

68,117

92,915

60,158

74,496

80,893

72,075

50,714

48,547

42,667

35,673

25,144

18,473

13,968

13,125

13,362

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

371

370

370

369

369

Accounts receivable

8,059

9,298

2,609

2,850

3,835

3,414

2,213

2,414

2,350

1,576

1,444

1,803

1,847

1,339

1,479

2,775

2,580

2,354

3,397

2,562

1,684

2,794

1,468

906

737

1,705

Prepaid expenses

17,853

13,561

12,724

11,264

9,156

7,658

7,934

8,025

7,001

4,982

5,705

5,737

5,413

4,475

3,991

4,136

4,793

3,531

2,426

3,212

3,044

1,952

1,581

1,615

3,769

2,133

Inventory

930

1,158

700

767

910

797

574

477

420

979

750

520

499

675

355

441

736

1,093

639

326

718

195

384

519

452

578

Income tax receivable

-

4,020

9,512

10,615

-

3,962

6,456

5,602

3,034

7,047

9,247

3,547

-

692

4,316

-

-

6,743

-

-

-

935

-

15

-

150

Derivative asset

-

-

-

-

-

-

97

57

13

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred contract costs

50,513

46,618

43,385

40,868

38,811

35,286

32,465

30,540

28,920

26,403

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax assets, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

316

373

869

-

2,422

3,470

3,281

3,672

Current assets before funds held for clients

259,182

208,322

177,057

161,178

144,019

96,835

134,787

101,745

109,859

87,064

83,756

79,724

100,674

67,339

84,637

88,245

80,184

64,435

55,325

49,140

41,988

31,391

24,698

20,863

21,733

21,969

Funds held for clients

1,392,379

1,662,778

835,918

1,126,808

1,405,465

967,787

902,747

900,287

1,095,160

1,089,201

792,734

787,015

950,980

858,244

593,041

1,034,314

1,125,619

696,703

615,895

542,807

591,563

660,557

393,633

315,629

409,218

455,779

Total current assets

1,651,561

1,871,100

1,012,975

1,287,986

1,549,484

1,064,622

1,037,534

1,002,032

1,205,019

1,176,265

876,490

866,739

1,051,654

925,583

677,678

1,122,559

1,205,803

761,138

671,220

591,947

633,551

691,948

418,331

336,492

430,951

477,748

Property and equipment, net

254,423

238,458

224,035

196,371

187,511

176,962

168,397

165,370

159,561

147,705

133,765

116,957

106,485

96,848

87,285

76,627

66,990

58,858

53,674

50,115

48,692

47,919

46,642

45,358

42,514

38,671

Deposits and other assets

-

-

-

-

-

-

1,567

1,609

2,021

1,456

1,341

1,326

1,369

1,215

1,010

936

866

1,286

913

941

764

645

595

554

571

461

Goodwill

51,900

51,900

51,900

51,900

51,900

51,900

51,889

51,889

51,889

51,889

51,889

51,889

51,889

51,889

51,889

51,889

51,889

51,889

51,889

51,889

51,889

51,889

51,889

51,889

51,889

51,889

Intangible assets, net

-

-

-

-

-

-

798

852

905

958

1,011

1,065

1,468

1,871

2,274

2,677

3,081

3,484

3,886

4,290

4,693

5,096

5,499

5,902

6,306

6,709

Long-term derivative asset

-

-

-

-

-

-

679

435

155

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term deferred contract costs

316,768

292,134

272,783

259,241

247,135

225,459

207,322

196,778

188,580

171,865

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other assets

35,084

33,336

30,345

30,705

26,809

2,994

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income tax assets, net

-

-

-

-

-

-

-

-

-

-

5,440

7,967

5,687

1,207

859

4,295

3,003

-

-

-

-

-

-

-

-

-

Total assets

2,309,725

2,486,917

1,592,027

1,826,192

2,062,828

1,521,926

1,468,186

1,418,965

1,608,130

1,550,138

1,069,936

1,045,943

1,218,552

1,078,613

820,995

1,258,983

1,331,632

876,655

781,582

699,182

739,589

797,497

522,956

440,195

532,231

575,478

Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable

5,694

5,051

4,693

3,622

4,081

6,288

6,173

4,995

3,421

6,490

2,505

3,439

3,134

3,737

4,850

5,530

5,694

4,899

3,853

2,968

2,527

3,042

1,976

2,620

3,310

5,020

Income tax payable

15,953

-

-

-

3,526

-

-

-

-

-

-

-

16,577

-

-

5,371

6,582

-

1,608

1,931

3,353

-

148

-

239

-

Accrued commissions and bonuses

5,662

12,343

8,432

7,901

4,553

10,671

6,454

4,441

2,605

9,585

6,782

5,236

2,726

8,003

5,381

3,052

1,784

8,687

4,509

2,539

1,568

5,080

2,568

1,579

985

3,598

Accrued payroll and vacation

21,159

14,870

17,672

11,560

14,506

10,741

12,937

8,895

11,322

7,015

9,096

5,857

7,688

4,769

6,680

6,538

5,237

2,898

4,106

4,964

3,160

1,582

2,665

3,492

2,176

3,087

Deferred revenue

11,660

11,105

10,634

10,082

9,672

8,980

8,409

7,867

7,358

6,982

6,526

6,040

5,611

5,230

4,821

4,389

3,994

3,726

3,329

2,958

2,662

2,535

2,186

1,941

1,591

1,582

Current portion of long-term debt

1,775

1,775

1,775

1,775

1,775

1,775

1,775

1,775

1,331

888

1,152

1,139

1,126

1,113

1,090

911

900

886

875

861

862

855

845

893

13,941

9,545

Accrued expenses and other current liabilities

43,633

45,600

39,354

39,530

40,132

22,440

19,654

18,796

20,145

19,991

18,817

19,726

17,587

17,798

13,031

12,392

11,983

9,735

7,401

6,467

7,309

5,121

3,871

3,244

6,809

4,372

Current liabilities before client funds obligation

105,536

90,744

82,560

74,470

78,245

60,895

55,402

46,769

46,182

50,951

44,878

41,437

54,449

40,650

35,853

38,183

36,174

30,831

25,681

22,688

21,441

18,215

14,259

13,769

29,051

27,204

Client funds obligation

1,392,379

1,662,778

835,918

1,126,808

1,405,465

967,787

902,747

900,287

1,095,160

1,089,201

792,734

787,015

950,980

858,244

593,041

1,034,314

1,125,619

696,703

615,895

542,807

591,563

660,557

393,633

315,629

409,218

455,779

Total current liabilities

1,497,915

1,753,522

918,478

1,201,278

1,483,710

1,028,682

958,149

947,056

1,141,342

1,140,152

837,612

828,452

1,005,429

898,894

628,894

1,072,497

1,161,793

727,534

641,576

565,495

613,004

678,772

407,892

329,398

438,269

482,983

Deferred income tax liabilities, net

92,609

91,217

85,921

79,642

73,928

70,206

64,206

59,363

53,401

49,129

-

-

-

-

-

-

-

641

464

1,805

2,430

1,662

3,059

3,081

3,081

2,895

Long-term debt to related parties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

60,941

60,875

Long-term derivative liability

-

-

-

-

-

-

-

-

-

554

-

-

-

-

-

-

-

-

-

-

-

-

-

-

472

1,107

Long-term deferred revenue

66,795

65,139

62,731

59,922

57,839

55,671

52,405

49,322

46,419

44,642

41,841

38,964

36,555

34,481

32,064

29,322

26,825

25,310

22,657

20,077

18,114

16,802

15,048

13,350

11,979

10,990

Net long-term debt, less current portion

30,423

30,858

31,293

31,727

32,179

32,614

33,049

33,486

33,935

34,414

33,218

33,479

30,389

28,711

29,000

28,349

24,650

24,856

25,206

25,435

25,652

26,123

26,341

26,528

11,435

11,545

Other long-term liabilities

22,195

19,553

18,706

18,861

16,619

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total long-term liabilities

212,022

206,767

198,651

190,152

180,565

158,491

149,660

142,171

133,755

128,739

75,059

72,443

66,944

63,192

61,064

57,671

51,475

50,807

48,327

47,317

46,196

44,587

44,448

42,959

87,908

87,412

Total liabilities

1,709,937

1,960,289

1,117,129

1,391,430

1,664,275

1,187,173

-

-

-

1,268,891

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Commitments and contingencies

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Stockholders' equity:
Common stock, $0.01 par value (100,000 shares authorized, 61,352 and 61,350 shares issued at March 31, 2020 and December 31, 2019, respectively; 57,622 and 57,660 shares outstanding at March 31, 2020 and December 31, 2019, respectively)

614

613

612

612

609

607

606

606

604

601

599

595

585

585

584

576

571

571

571

571

566

538

510

510

457

457

Additional paid-in capital

275,813

257,501

250,853

246,069

239,865

203,680

198,255

193,288

189,302

161,809

129,770

114,287

99,490

95,452

91,413

76,112

72,597

71,135

69,657

68,195

68,165

67,937

66,949

66,861

4,537

33,978

Retained earnings

639,181

576,166

530,786

491,634

442,872

395,590

364,176

335,407

299,685

258,525

124,350

110,283

96,062

70,448

61,815

55,617

45,196

26,608

21,451

17,604

11,658

5,663

3,157

467

1,060

-29,349

Treasury stock, at cost (3,730 and 3,689 shares at March 31, 2020 and December 31, 2019, respectively)

315,820

307,652

307,353

303,553

284,793

265,124

202,660

199,563

156,558

139,688

97,454

80,117

49,958

49,958

22,775

3,490

-

-

-

-

-

-

-

-

-

-

Total stockholders' equity

599,788

526,628

474,898

434,762

398,553

334,753

360,377

329,738

333,033

281,247

157,265

145,048

146,179

116,527

131,037

128,815

118,364

98,314

91,679

86,370

-

74,138

70,616

67,838

6,054

5,086

Noncontrolling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3

Total liabilities and stockholders' equity

2,309,725

2,486,917

1,592,027

1,826,192

2,062,828

1,521,926

1,468,186

1,418,965

1,608,130

1,550,138

1,069,936

1,045,943

1,218,552

1,078,613

820,995

1,258,983

1,331,632

876,655

781,582

699,182

739,589

797,497

522,956

440,195

532,231

575,478