Paylocity holding corporation (PCTY)
Balance Sheet / TTM
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'14Jun'13
Assets
Current assets:
Cash and cash equivalents

114

75

100

132

90

84

63

137

129

111

97

103

101

82

77

86

89

79

78

81

93

89

72

78

88

7

Corporate investments

66

69

29

29

48

19

21

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts receivable, net

5

4

3

4

5

4

2

3

3

2

2

2

2

2

1

1

1

1

1

1

1

1

0

0

0

0

Deferred contract costs

29

26

23

21

19

17

16

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid expenses and other

13

12

13

13

21

12

14

11

16

7

13

14

13

11

6

7

7

5

5

4

4

2

3

2

3

1

Taxes receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

Deferred income tax assets, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

0

0

0

0

0

0

Total current assets before funds held for clients

228

189

171

201

185

138

118

152

149

121

113

120

116

95

86

95

98

86

85

87

99

94

77

83

93

10

Funds held for clients

1,729

1,845

1,154

1,394

1,722

1,258

1,168

1,225

1,347

1,345

941

942

1,170

1,092

770

1,239

1,422

883

542

591

731

858

432

417

541

355

Total current assets

1,957

2,034

1,325

1,596

1,908

1,397

1,286

1,378

1,497

1,466

1,055

1,062

1,287

1,188

857

1,335

1,521

969

628

678

831

952

509

500

635

366

Capitalized internal-use software, net

34

31

29

27

24

23

22

21

20

18

17

17

16

14

13

11

10

9

8

7

6

5

5

5

3

2

Property and equipment, net

68

71

72

70

64

62

61

62

50

48

44

40

34

33

28

26

24

21

17

16

15

15

14

13

12

8

Operating lease right-of-use assets

50

51

50

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Intangible assets, net

9

9

10

10

11

11

12

13

13

8

8

8

9

9

10

10

10

11

11

11

5

5

6

6

-

-

Goodwill

9

9

9

9

9

9

9

9

9

6

6

6

6

6

6

6

6

6

6

6

3

3

3

3

-

-

Long-term deferred contract costs

111

99

89

81

73

64

59

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term prepaid expenses and other

8

8

3

1

2

3

3

1

1

1

1

1

1

0

0

0

0

0

0

0

0

0

0

0

0

-

Deferred income tax assets

7

7

7

6

-

7

9

22

18

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total assets

2,256

2,323

1,598

1,803

2,094

1,580

1,464

1,507

1,610

1,549

1,134

1,137

1,354

1,252

915

1,390

1,574

1,017

671

720

862

982

538

528

651

377

Liabilities and Stockholders' Equity
Current liabilities:
Current portion of long-term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Accounts payable

3

3

5

3

5

3

3

2

2

1

1

2

1

3

2

1

0

2

1

1

2

3

1

2

3

0

Taxes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

Consideration related to acquisitions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

2

-

-

Accrued expenses

64

62

51

57

48

43

35

42

35

29

26

30

27

22

18

24

24

17

16

16

15

11

10

10

10

6

Total current liabilities before client fund obligations

67

66

56

61

53

46

39

45

37

30

28

32

28

25

21

26

25

20

19

18

18

15

12

15

13

8

Client fund obligations

1,729

1,845

1,154

1,394

1,722

1,258

1,168

1,225

1,347

1,345

941

942

1,170

1,092

770

1,239

1,422

883

542

591

731

858

432

417

541

355

Total current liabilities

1,796

1,911

1,211

1,456

1,776

1,305

1,207

1,270

1,385

1,376

970

974

1,199

1,117

791

1,266

1,448

904

561

609

749

873

445

433

555

364

Long-term debt, net of current portion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Deferred rent

-

-

-

31

29

22

22

22

20

14

14

14

9

9

4

4

4

3

3

2

3

2

3

3

2

2

Long-term operating lease liabilities

74

76

76

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other long-term liabilities

1

1

1

1

1

1

1

1

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income tax liabilities

9

1

0

6

0

-

-

-

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Total liabilities

1,882

1,991

1,289

1,495

1,808

1,329

1,231

1,294

1,406

1,391

985

989

1,209

1,127

796

1,271

1,454

908

565

612

753

877

448

437

558

367

Stockholders' equity:
Preferred stock, $0.001 par value, 5,000 authorized, no shares issued and outstanding at June 30, 2019 and March 31, 2020

-

-

-

-

-

-

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Common stock, $0.001 par value, 155,000 shares authorized at June 30, 2019 and March 31, 2020; 53,075 shares issued and outstanding at June 30, 2019 and 53,660 shares issued and outstanding at March 31, 2020

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Additional paid-in capital

215

212

195

207

196

189

176

219

209

202

193

192

187

181

173

171

167

162

157

155

152

150

128

125

120

0

Retained earnings

159

119

113

99

89

61

55

-6

-5

-44

-44

-45

-41

-56

-54

-51

-46

-52

-51

-48

-43

-45

-39

-34

-27

-27

Accumulated other comprehensive income (loss)

-0

0

0

0

0

-0

-0

-0

-0

-0

-0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total stockholders' equity

374

331

309

307

286

250

232

212

204

158

148

147

145

125

118

119

120

109

106

107

108

105

89

91

93

-26

Total liabilities and stockholders' equity

2,256

2,323

1,598

1,803

2,094

1,580

1,464

1,507

1,610

1,549

1,134

1,137

1,354

1,252

915

1,390

1,574

1,017

671

720

862

982

538

528

651

377