Paylocity holding corporation (PCTY)
Income statement / Yearly
Jun'19Jun'18Jun'17Jun'16Jun'15Jun'14Jun'13Jun'12
Revenues:
Recurring and other revenue

447,752

-

-

-

-

-

-

-

Interest income on funds held for clients

19,881

9,093

3,631

2,688

1,901

1,582

1,459

1,263

Total recurring revenues

456,836

363,525

288,448

220,104

144,069

101,944

72,768

52,474

Total revenues

467,633

377,527

300,010

230,701

152,698

108,687

77,294

55,096

Cost of revenues:
Cost of revenues

153,851

149,197

123,987

98,085

70,896

55,094

39,666

29,094

Gross profit

313,782

228,330

176,023

132,616

81,802

53,593

37,628

26,002

Operating expenses:
Sales and marketing

112,599

95,484

77,506

61,832

43,035

28,276

18,693

12,828

Research and development

50,329

37,645

29,098

26,736

19,864

10,355

6,825

1,788

General and administrative

94,630

79,252

62,123

47,598

32,824

21,980

12,079

8,618

Total operating expenses

257,558

212,381

168,727

136,166

95,723

60,611

37,597

23,234

Operating income

56,224

15,949

7,296

-3,550

-13,921

-7,018

31

2,768

Other income

1,822

802

73

-124

54

163

-16

-196

Income before income taxes

58,046

16,751

7,369

-3,674

-13,867

-6,855

15

2,572

Income tax expense

4,223

-21,847

651

177

105

255

-602

884

Net income

53,823

38,598

6,718

-3,851

-13,972

-7,110

617

1,688

Other comprehensive income (loss), net of tax
Unrealized gains (losses) on securities, net of tax

251

-139

-

-

-

-

-

-

Total other comprehensive income (loss), net of tax

251

-139

-

-

-

-

-

-

Comprehensive income

54,074

38,459

6,718

-3,851

-

-9,392

-2,291

998

Net income per share:
Basic (in dollars per share)

1.02

0.74

0.13

-0.08

-0.28

-0.26

-0.07

0.02

Diluted (in dollars per share)

0.97

0.70

0.12

-0.08

-0.28

-0.26

-0.07

0.02

Weighted-average shares used in computing net income per share:
Basic (in shares)

52,914

52,425

51,415

50,913

50,127

36,707

31,988

43,873

Diluted (in shares)

55,414

54,887

54,057

50,913

50,127

36,707

31,988

44,317

Recurring fees
Revenues from Contracts

436,955

354,432

284,817

217,416

142,168

100,362

71,309

51,211

Total cost of revenues

125,211

104,009

85,399

66,131

46,366

37,319

28,863

22,054

Implementation services and other
Revenues from Contracts

10,797

14,002

11,562

10,597

8,629

6,743

4,526

2,622

Total cost of revenues

28,640

45,188

38,588

31,954

24,530

17,775

10,803

7,040