Paycom Software, Inc. PAYC Income Statement

Paycom software, inc. (PAYC)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13
Revenues
Total revenues
242,368	193,409	175,006	169,313	199,943	150,332	133,288	128,800	153,916	114,025	101,287	98,227	119,508	87,810	77,325	73,880	90,126	65,118	55,340	48,973	55,222	44,040	36,598	33,306	36,985	30,280	25,830	23,914	27,577
Cost of revenues
Operating expenses
24,116	23,183	21,088	20,289	24,776	19,828	18,158	17,677	20,568	16,419	15,324	15,609	15,086	13,777	13,227	10,479	10,785	9,221	7,964	7,134	7,471	6,847	5,798	5,757	6,292	5,437	4,846	4,353	4,434
Depreciation and amortization
5,930	5,615	5,304	4,950	4,542	4,274	3,967	3,254	3,037	2,761	2,502	2,267	2,060	1,705	1,521	1,386	1,186	1,041	945	887	810	748	638	608	630	501	494	415	411
Total cost of revenues
30,046	28,798	26,392	25,239	29,318	24,102	22,125	20,931	23,605	19,180	17,826	17,876	17,146	15,482	14,748	11,865	11,971	10,262	8,909	8,021	8,281	7,595	6,436	6,365	6,922	5,938	5,340	4,768	4,845
Administrative expenses
Sales and marketing
55,018	51,006	47,060	41,575	39,645	42,699	37,183	31,647	32,352	30,105	27,732	27,430	25,579	2,659	29,274	24,766	28,662	30,810	23,774	16,741	21,229	19,310	14,856	13,700	15,681	13,768	10,339	8,716	9,858
Research and development
21,621	18,211	19,605	16,775	18,489	12,740	11,526	10,731	11,250	7,426	8,112	8,095	6,797	6,672	6,232	4,202	3,860	2,504	2,349	1,907	1,867	1,447	1,059	937	882	829	538	324	455
General and administrative
40,134	29,148	25,728	27,460	45,198	22,905	22,048	18,995	32,657	18,177	23,207	23,594	15,250	4,291	24,457	15,220	15,206	13,750	11,996	10,096	11,984	9,685	8,410	8,138	9,268	9,878	6,815	6,040	5,996
Depreciation and amortization
6,285	5,952	5,665	5,378	4,805	4,473	4,161	3,459	3,032	2,736	2,403	2,440	2,226	2,256	2,032	1,823	1,723	1,558	1,457	1,400	1,323	1,216	1,159	1,072	1,091	966	959	873	884
Total administrative expenses
123,058	104,317	98,058	91,188	108,137	82,817	74,918	64,832	79,291	58,444	61,454	61,559	49,852	15,878	61,995	46,011	49,451	48,622	39,576	30,144	36,403	31,658	25,484	23,847	26,922	25,441	18,651	15,953	17,193
Total operating expenses
153,104	133,115	124,450	116,427	137,455	106,919	97,043	85,763	102,896	77,624	79,280	79,435	66,998	31,360	76,743	57,876	61,422	58,884	48,485	38,165	44,684	39,253	31,920	30,212	33,844	31,379	23,991	20,721	22,038
Operating income
89,264	60,294	50,556	52,886	62,488	43,413	36,245	43,037	51,020	36,401	22,007	18,792	52,510	56,450	582	16,004	28,704	6,234	6,855	10,808	10,538	4,787	4,678	3,094	3,141	-1,099	1,839	3,193	5,539
Interest expense
16	146	260	258	276	-	384	34	-	153	220	281	257	303	252	170	311	360	343	392	332	342	338	674	2,067	2,343	2,329	2,326	2,274
Net loss on early repayment of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-4,044	-	-	-	-	-
Other income (expense), net
-930	971	195	-263	-100	-366	583	515	1,030	-1,429	118	149	95	371	-213	116	34	367	98	19	33	26	39	587	769	1,059	-133	-338	611
Income before income taxes
88,318	61,119	50,491	52,365	62,112	42,699	36,444	43,518	52,050	34,819	21,905	18,660	52,348	56,518	117	15,950	28,427	6,241	6,610	10,435	10,239	4,471	4,379	-1,037	1,843	-2,383	-623	529	3,876
Provision for income taxes
25,303	15,739	11,339	3,603	14,830	11,285	7,675	7,796	10,890	-14,047	995	-1,356	18,654	21,304	-6,081	5,529	9,839	1,084	2,763	4,489	4,244	1,965	1,689	-444	783	-419	-199	169	1,241
Net income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,060	-1,964	-424	360	2,635
Net income attributable to the noncontrolling interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-13	-3	3	19
Net income
63,015	45,380	39,152	48,762	47,282	31,414	28,769	35,722	41,160	48,866	20,910	20,016	33,694	35,214	6,198	10,421	18,588	5,157	3,847	5,946	5,995	-	2,690	-593	-	-1,951	-421	357	2,616
Unaudited pro forma additional income tax benefit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-700	-93	79	577
Unaudited pro forma net income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,251	-328	278	2,039
Earnings per share, basic
1.09	0.79	0.68	0.85	0.82	0.54	0.50	0.62	0.71	0.85	0.36	0.34	0.58	0.60	0.11	0.18	0.32	0.09	0.07	0.10	0.11	0.05	0.05	-0.01	0.02	-0.05	-0.01	0.01	0.06
Earnings per share, diluted
1.08	0.78	0.67	0.83	0.81	0.54	0.49	0.61	0.70	0.84	0.35	0.34	0.57	0.60	0.10	0.18	0.31	0.08	0.07	0.10	0.11	0.05	0.05	-0.01	0.02	-0.04	-0.01	0.01	0.05
Weighted average shares outstanding:
Unaudited pro forma net income per share, basic
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.03	-0.01	0.01	0.05
Unaudited pro forma net income per share, diluted
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.02	-0.01	0.01	0.04
Weighted average shares outstanding:
Basic
57,655	57,664	57,654	57,569	57,357	57,486	57,727	57,837	57,793	58,146	58,003	57,898	57,307	57,656	57,819	57,591	57,132	57,142	57,050	57,038	54,749	52,074	51,056	50,284	45,721	45,720	45,707	45,621	44,857
Diluted
58,440	58,471	58,383	58,410	58,316	58,323	58,545	58,721	58,738	58,944	58,873	58,816	58,525	59,905	58,907	58,697	58,362	58,379	58,367	58,369	56,562	55,795	52,978	50,284	48,371	50,624	45,707	47,998	47,918
Recurring [Member]
Total revenues
238,495	190,161	171,405	165,998	196,864	147,931	130,830	126,609	151,885	111,661	99,498	96,351	117,914	86,295	75,857	72,492	88,904	63,583	54,233	47,820	54,351	43,177	35,910	32,666	36,454	29,752	25,210	23,394	27,204
Implementation and Other [Member]
Total revenues
3,873	3,248	3,601	3,315	3,079	2,401	2,458	2,191	2,031	2,364	1,789	1,876	1,594	1,515	1,468	1,388	1,222	1,535	1,107	1,153	871	863	688	640	531	528	620	520	373