Paycom(NYSE:PAYC) 
Paycom Software, Inc. provides cloud-based human capital management (HCM) solution delivered as software-as-a-service for small to mid-sized companies in the United States. It offers functionality and data analytics that businesses need to manage the employment life cycle from recruitment to retirem...
Website: http://www.paycom.com
Founded: 1998
Full Time Employees: 3,765
CEO: Chad Richison
Sector: Technology
Industry: Software-Application
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Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
revenues | |||||||||||||||||||||||||||||||||||||||||||||||||
recurring and other | 544,000,000 | 517,100,000 | 466,500,000 | 455,100,000 | 500,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
interest on funds held for clients | 27,800,000 | 27,200,000 | 26,800,000 | 28,500,000 | 30,500,000 | ||||||||||||||||||||||||||||||||||||||||||||
total revenues | 571,900,000 | 544,300,000 | 493,300,000 | 483,600,000 | 530,500,000 | 493,873,000 | 451,934,000 | 437,512,000 | 499,881,000 | 434,595,000 | 406,303,000 | 401,139,000 | 451,637,000 | 370,608,000 | 334,167,000 | 316,924,000 | 353,519,000 | 284,986,000 | 256,194,000 | 242,146,000 | 272,198,000 | 220,947,000 | 196,532,000 | 181,587,000 | 242,368,000 | 193,409,000 | 175,006,000 | 169,313,000 | 199,943,000 | 150,332,000 | 133,288,000 | 128,800,000 | 153,916,000 | 114,025,000 | 101,287,000 | 98,227,000 | 119,508,000 | 87,810,000 | 77,325,000 | 73,880,000 | 90,126,000 | 65,118,000 | 55,340,000 | 48,973,000 | 55,222,000 | 44,040,000 | 36,598,000 | 33,306,000 | 36,985,000 |
yoy | 7.80% | 10.21% | 9.15% | 10.53% | 6.13% | 13.64% | 11.23% | 9.07% | 10.68% | 17.27% | 21.59% | 26.57% | 27.75% | 30.04% | 30.44% | 30.88% | 29.88% | 28.98% | 30.36% | 33.35% | 12.31% | 14.24% | 12.30% | 7.25% | 21.22% | 28.65% | 31.30% | 31.45% | 29.90% | 31.84% | 31.59% | 31.12% | 28.79% | 29.85% | 30.99% | 32.95% | 32.60% | 34.85% | 39.73% | 50.86% | 63.21% | 47.86% | 51.21% | 47.04% | 49.31% | ||||
qoq | 5.07% | 10.34% | 2.01% | -8.84% | 7.42% | 9.28% | 3.30% | -12.48% | 15.02% | 6.96% | 1.29% | -11.18% | 21.86% | 10.91% | 5.44% | -10.35% | 24.05% | 11.24% | 5.80% | -11.04% | 23.20% | 12.42% | 8.23% | -25.08% | 25.31% | 10.52% | 3.36% | -15.32% | 33.00% | 12.79% | 3.48% | -16.32% | 34.98% | 12.58% | 3.12% | -17.81% | 36.10% | 13.56% | 4.66% | -18.03% | 38.40% | 17.67% | 13.00% | -11.32% | 25.39% | 20.33% | 9.88% | -9.95% | |
cost of revenues | |||||||||||||||||||||||||||||||||||||||||||||||||
operating expenses | 62,900,000 | 64,200,000 | 64,100,000 | 68,400,000 | 66,300,000 | 65,461,000 | 70,818,000 | 67,451,000 | 63,670,000 | 60,397,000 | 55,600,000 | 54,617,000 | 53,085,000 | 47,541,000 | 44,169,000 | 39,604,000 | 38,492,000 | 37,863,000 | 34,766,000 | 28,773,000 | 29,073,000 | 26,127,000 | 24,278,000 | 23,257,000 | 24,116,000 | 23,183,000 | 21,088,000 | 20,289,000 | 24,776,000 | 19,828,000 | 18,158,000 | 17,677,000 | 20,568,000 | 16,419,000 | 15,324,000 | 15,609,000 | 15,086,000 | 13,777,000 | 13,227,000 | 10,479,000 | 10,785,000 | 9,221,000 | 7,964,000 | 7,134,000 | 7,471,000 | 6,847,000 | 5,798,000 | 5,757,000 | 6,292,000 |
depreciation and amortization | 24,400,000 | 23,600,000 | 21,300,000 | 19,100,000 | 18,300,000 | 18,271,000 | 17,535,000 | 16,433,000 | 14,961,000 | 14,292,000 | 13,341,000 | 12,811,000 | 12,147,000 | 11,530,000 | 10,935,000 | 10,478,000 | 9,992,000 | 8,660,000 | 7,914,000 | 7,637,000 | 7,200,000 | 6,903,000 | 6,634,000 | 6,301,000 | 5,930,000 | 5,615,000 | 5,304,000 | 4,950,000 | 4,542,000 | 4,274,000 | 3,967,000 | 3,254,000 | 3,037,000 | 2,761,000 | 2,502,000 | 2,267,000 | 2,060,000 | 1,705,000 | 1,521,000 | 1,386,000 | 1,186,000 | 1,041,000 | 945,000 | 887,000 | 1,323,000 | 1,216,000 | 1,159,000 | 1,072,000 | 1,091,000 |
total cost of revenues | 87,300,000 | 87,800,000 | 85,400,000 | 87,500,000 | 84,600,000 | 83,732,000 | 88,353,000 | 83,884,000 | 78,631,000 | 74,689,000 | 68,941,000 | 67,428,000 | 65,232,000 | 59,071,000 | 55,104,000 | 50,082,000 | 48,484,000 | 46,523,000 | 42,680,000 | 36,410,000 | 36,273,000 | 33,030,000 | 30,912,000 | 29,558,000 | 30,046,000 | 28,798,000 | 26,392,000 | 25,239,000 | 29,318,000 | 24,102,000 | 22,125,000 | 20,931,000 | 23,605,000 | 19,180,000 | 17,826,000 | 17,876,000 | 17,146,000 | 15,482,000 | 14,748,000 | 11,865,000 | 11,971,000 | 10,262,000 | 8,909,000 | 8,021,000 | 8,281,000 | 7,595,000 | 6,436,000 | 6,365,000 | 6,922,000 |
gross profit | 484,600,000 | 456,500,000 | 407,900,000 | 396,100,000 | 445,900,000 | 410,141,000 | 363,581,000 | 353,628,000 | 421,250,000 | 359,906,000 | 337,362,000 | 333,711,000 | 386,405,000 | 311,537,000 | 279,063,000 | 266,842,000 | 305,035,000 | 238,463,000 | 213,514,000 | 205,736,000 | 235,925,000 | 187,917,000 | 165,620,000 | 152,029,000 | 212,322,000 | 164,611,000 | 148,614,000 | 144,074,000 | 170,625,000 | 126,230,000 | 111,163,000 | 107,869,000 | 130,311,000 | 94,845,000 | 83,461,000 | 80,351,000 | 102,362,000 | 72,328,000 | 62,577,000 | 62,015,000 | 78,155,000 | 54,856,000 | 46,431,000 | 40,952,000 | 46,941,000 | 36,445,000 | 30,162,000 | 26,941,000 | 30,063,000 |
yoy | 8.68% | 11.30% | 12.19% | 12.01% | 5.85% | 13.96% | 7.77% | 5.97% | 9.02% | 15.53% | 20.89% | 25.06% | 26.68% | 30.64% | 30.70% | 29.70% | 29.29% | 26.90% | 28.92% | 35.33% | 11.12% | 14.16% | 11.44% | 5.52% | 24.44% | 30.41% | 33.69% | 33.56% | 30.94% | 33.09% | 33.19% | 34.25% | 27.30% | 31.13% | 33.37% | 29.57% | 30.97% | 31.85% | 34.77% | 51.43% | 66.50% | 50.52% | 53.94% | 52.01% | 56.14% | ||||
qoq | 6.16% | 11.91% | 2.98% | -11.17% | 8.72% | 12.81% | 2.81% | -16.05% | 17.04% | 6.68% | 1.09% | -13.64% | 24.03% | 11.64% | 4.58% | -12.52% | 27.92% | 11.68% | 3.78% | -12.80% | 25.55% | 13.46% | 8.94% | -28.40% | 28.98% | 10.76% | 3.15% | -15.56% | 35.17% | 13.55% | 3.05% | -17.22% | 37.39% | 13.64% | 3.87% | -21.50% | 41.52% | 15.58% | 0.91% | -20.65% | 42.47% | 18.15% | 13.38% | -12.76% | 28.80% | 20.83% | 11.96% | -10.38% | |
gross margin % | 84.74% | 83.87% | 82.69% | 81.91% | 84.05% | 83.05% | 80.45% | 80.83% | 84.27% | 82.81% | 83.03% | 83.19% | 85.56% | 84.06% | 83.51% | 84.20% | 86.29% | 83.68% | 83.34% | 84.96% | 86.67% | 85.05% | 84.27% | 83.72% | 87.60% | 85.11% | 84.92% | 85.09% | 85.34% | 83.97% | 83.40% | 83.75% | 84.66% | 83.18% | 82.40% | 81.80% | 85.65% | 82.37% | 80.93% | 83.94% | 86.72% | 84.24% | 83.90% | 83.62% | 85.00% | 82.75% | 82.41% | 80.89% | 81.28% |
administrative expenses | |||||||||||||||||||||||||||||||||||||||||||||||||
sales and marketing | 117,600,000 | 130,200,000 | 125,700,000 | 116,000,000 | 110,900,000 | 107,535,000 | 104,477,000 | 106,864,000 | 115,524,000 | 106,446,000 | 101,162,000 | 106,435,000 | 103,574,000 | 92,727,000 | 91,114,000 | 87,724,000 | 74,996,000 | 75,509,000 | 69,745,000 | 67,979,000 | 62,761,000 | 62,488,000 | 62,146,000 | 56,064,000 | 55,018,000 | 51,006,000 | 47,060,000 | 41,575,000 | 39,645,000 | 42,699,000 | 37,183,000 | 31,647,000 | 32,352,000 | 44,052,000 | 35,542,000 | 34,070,000 | 36,848,000 | 36,556,000 | 29,274,000 | 24,766,000 | 28,662,000 | 30,810,000 | 23,774,000 | 16,741,000 | 21,229,000 | 19,310,000 | 14,856,000 | 13,700,000 | 15,681,000 |
research and development | 60,700,000 | 72,200,000 | 74,100,000 | 74,800,000 | 62,300,000 | 66,673,000 | 63,047,000 | 62,371,000 | 50,509,000 | 55,300,000 | 51,864,000 | 49,118,000 | 42,669,000 | 39,569,000 | 40,366,000 | 36,803,000 | 31,605,000 | 34,414,000 | 31,077,000 | 28,224,000 | 24,711,000 | 25,073,000 | 21,772,000 | 21,778,000 | 21,621,000 | 18,211,000 | 19,605,000 | 16,775,000 | 18,489,000 | 12,740,000 | 11,526,000 | 10,731,000 | 11,250,000 | 7,426,000 | 8,112,000 | 8,095,000 | 6,797,000 | 6,672,000 | 6,232,000 | 4,202,000 | 3,860,000 | 2,504,000 | 2,349,000 | 1,907,000 | 1,867,000 | 1,447,000 | 1,059,000 | 937,000 | 882,000 |
general and administrative | 69,400,000 | 71,200,000 | 71,900,000 | 70,200,000 | 66,000,000 | 65,990,000 | 70,642,000 | 70,072,000 | -48,104,000 | 74,740,000 | 71,827,000 | 75,965,000 | 65,605,000 | 60,021,000 | 60,693,000 | 57,912,000 | 60,504,000 | 49,606,000 | 59,980,000 | 54,063,000 | 46,191,000 | 56,713,000 | 40,516,000 | 40,837,000 | 40,134,000 | 29,148,000 | 25,728,000 | 27,460,000 | 45,198,000 | 22,905,000 | 22,048,000 | 18,995,000 | 32,657,000 | 21,197,000 | 25,967,000 | 26,657,000 | 17,826,000 | 14,163,000 | 24,457,000 | 15,220,000 | 15,206,000 | 13,750,000 | 11,996,000 | 10,096,000 | 11,984,000 | 9,685,000 | 8,410,000 | 8,138,000 | 9,268,000 |
total administrative expenses | 274,300,000 | 299,400,000 | 295,300,000 | 283,800,000 | 260,800,000 | 261,669,000 | 258,707,000 | 258,488,000 | 135,436,000 | 253,183,000 | 240,461,000 | 246,445,000 | 225,973,000 | 205,703,000 | 204,798,000 | 194,529,000 | 178,768,000 | 169,837,000 | 170,209,000 | 158,646,000 | 141,379,000 | 151,670,000 | 131,584,000 | 125,453,000 | 123,058,000 | 104,317,000 | 98,058,000 | 91,188,000 | 108,137,000 | 82,817,000 | 74,918,000 | 64,832,000 | 79,291,000 | 75,411,000 | 72,024,000 | 71,262,000 | 63,697,000 | 59,647,000 | 61,995,000 | 46,011,000 | 49,451,000 | 48,622,000 | 39,576,000 | 30,144,000 | 36,403,000 | 31,658,000 | 25,484,000 | 23,847,000 | 26,922,000 |
total operating expenses | 361,700,000 | 387,200,000 | 380,700,000 | 371,300,000 | 345,400,000 | 345,401,000 | 347,060,000 | 342,372,000 | 214,067,000 | 327,872,000 | 309,402,000 | 313,873,000 | 291,205,000 | 264,774,000 | 259,902,000 | 244,611,000 | 227,252,000 | 216,360,000 | 212,889,000 | 195,056,000 | 177,652,000 | 184,700,000 | 162,496,000 | 155,011,000 | 153,104,000 | 133,115,000 | 124,450,000 | 116,427,000 | 137,455,000 | 106,919,000 | 97,043,000 | 85,763,000 | 102,896,000 | 94,591,000 | 89,850,000 | 89,138,000 | 80,843,000 | 75,129,000 | 76,743,000 | 57,876,000 | 61,422,000 | 58,884,000 | 48,485,000 | 38,165,000 | 44,684,000 | 39,253,000 | 31,920,000 | 30,212,000 | 33,844,000 |
operating income | 210,200,000 | 157,100,000 | 112,600,000 | 112,300,000 | 185,100,000 | 148,472,000 | 104,874,000 | 95,140,000 | 285,814,000 | 106,723,000 | 96,901,000 | 87,266,000 | 160,432,000 | 105,834,000 | 74,265,000 | 72,313,000 | 126,267,000 | 68,626,000 | 43,305,000 | 47,090,000 | 94,546,000 | 36,247,000 | 34,036,000 | 26,576,000 | 89,264,000 | 60,294,000 | 50,556,000 | 52,886,000 | 62,488,000 | 43,413,000 | 36,245,000 | 43,037,000 | 51,020,000 | 19,434,000 | 11,437,000 | 9,089,000 | 38,665,000 | 12,681,000 | 582,000 | 16,004,000 | 28,704,000 | 6,234,000 | 6,855,000 | 10,808,000 | 10,538,000 | 4,787,000 | 4,678,000 | 3,094,000 | 3,141,000 |
yoy | 13.56% | 5.81% | 7.37% | 18.04% | -35.24% | 39.12% | 8.23% | 9.02% | 78.15% | 0.84% | 30.48% | 20.68% | 27.06% | 54.22% | 71.49% | 53.56% | 33.55% | 89.33% | 27.23% | 77.19% | 5.92% | -39.88% | -32.68% | -49.75% | 42.85% | 38.88% | 39.48% | 22.88% | 22.48% | 123.39% | 216.91% | 373.51% | 31.95% | 53.25% | 1865.12% | -43.21% | 34.70% | 103.42% | -91.51% | 48.08% | 172.39% | 30.23% | 46.54% | 249.32% | 235.50% | ||||
qoq | 33.80% | 39.52% | 0.27% | -39.33% | 24.67% | 41.57% | 10.23% | -66.71% | 167.81% | 10.14% | 11.04% | -45.61% | 51.59% | 42.51% | 2.70% | -42.73% | 83.99% | 58.47% | -8.04% | -50.19% | 160.84% | 6.50% | 28.07% | -70.23% | 48.05% | 19.26% | -4.41% | -15.37% | 43.94% | 19.78% | -15.78% | -15.65% | 162.53% | 69.92% | 25.83% | -76.49% | 204.90% | 2078.87% | -96.36% | -44.24% | 360.44% | -9.06% | -36.57% | 2.56% | 120.14% | 2.33% | 51.20% | -1.50% | |
operating margin % | 36.75% | 28.86% | 22.83% | 23.22% | 34.89% | 30.06% | 23.21% | 21.75% | 57.18% | 24.56% | 23.85% | 21.75% | 35.52% | 28.56% | 22.22% | 22.82% | 35.72% | 24.08% | 16.90% | 19.45% | 34.73% | 16.41% | 17.32% | 14.64% | 36.83% | 31.17% | 28.89% | 31.24% | 31.25% | 28.88% | 27.19% | 33.41% | 33.15% | 17.04% | 11.29% | 9.25% | 32.35% | 14.44% | 0.75% | 21.66% | 31.85% | 9.57% | 12.39% | 22.07% | 19.08% | 10.87% | 12.78% | 9.29% | 8.49% |
interest expense | -4,000,000 | -700,000 | -1,100,000 | -800,000 | -800,000 | -1,047,000 | -789,000 | -782,000 | -782,000 | -266,000 | -222,000 | -602,000 | -837,000 | -949,000 | -1,018,000 | -354,000 | -3,000 | -16,000 | -342,000 | -338,000 | -674,000 | -2,067,000 | |||||||||||||||||||||||||||
other income | 9,100,000 | 2,700,000 | 41,300,000 | 5,700,000 | 6,000,000 | 4,075,000 | 4,229,000 | 4,787,000 | 5,009,000 | 5,455,000 | 5,362,000 | 6,183,000 | 6,004,000 | 9,104,000 | 2,041,000 | 878,000 | 1,412,000 | 1,376,000 | 244,000 | 146,000 | 629,000 | 246,000 | 162,000 | -930,000 | 195,000 | -366,000 | 583,000 | 515,000 | 1,030,000 | 90,500 | 118,000 | 149,000 | 95,000 | 116,000 | 34,000 | 367,000 | 98,000 | 19,000 | 33,000 | 26,000 | 39,000 | 587,000 | 769,000 | ||||||
income before income taxes | 215,300,000 | 159,100,000 | 152,800,000 | 117,200,000 | 190,300,000 | 151,500,000 | 108,314,000 | 99,145,000 | 290,041,000 | 111,912,000 | 102,041,000 | 92,847,000 | 165,599,000 | 113,989,000 | 75,288,000 | 72,837,000 | 127,464,000 | 70,002,000 | 43,549,000 | 47,236,000 | 95,175,000 | 36,601,000 | 34,282,000 | 26,735,000 | 88,318,000 | 61,119,000 | 50,491,000 | 52,365,000 | 62,112,000 | 42,699,000 | 36,444,000 | 43,518,000 | 52,050,000 | 17,852,000 | 11,335,000 | 8,957,000 | 38,503,000 | 12,749,000 | 117,000 | 15,950,000 | 28,427,000 | 6,241,000 | 6,610,000 | 10,435,000 | 10,239,000 | 4,471,000 | 4,379,000 | -1,037,000 | 1,843,000 |
provision for income taxes | 59,500,000 | 45,300,000 | 42,100,000 | 27,700,000 | 50,900,000 | 37,935,000 | 35,036,000 | 31,175,000 | 42,854,000 | 30,155,000 | 26,822,000 | 28,331,000 | 46,303,000 | 34,038,000 | 23,135,000 | 15,482,000 | 35,534,000 | 21,315,000 | 13,170,000 | 30,559,000 | 12,234,000 | 6,800,000 | -1,854,000 | 25,303,000 | 15,739,000 | 11,339,000 | 3,603,000 | 14,830,000 | 11,285,000 | 7,675,000 | 7,796,000 | 10,890,000 | 4,947,000 | 12,889,000 | 4,116,000 | 5,529,000 | 9,839,000 | 1,084,000 | 2,763,000 | 4,489,000 | 4,244,000 | 1,965,000 | 1,689,000 | -444,000 | 783,000 | ||||
net income | 155,700,000 | 113,800,000 | 110,700,000 | 89,500,000 | 139,400,000 | 113,565,000 | 73,278,000 | 67,970,000 | 247,187,000 | 81,757,000 | 75,219,000 | 64,516,000 | 119,296,000 | 79,951,000 | 52,153,000 | 57,355,000 | 91,930,000 | 48,687,000 | 30,379,000 | 52,278,000 | 64,616,000 | 24,367,000 | 27,482,000 | 28,589,000 | 63,015,000 | 45,380,000 | 39,152,000 | 48,762,000 | 47,282,000 | 31,414,000 | 28,769,000 | 35,722,000 | 41,160,000 | 12,905,000 | 14,067,000 | 14,221,000 | 25,614,000 | 8,633,000 | 6,198,000 | 10,421,000 | 18,588,000 | 5,157,000 | 3,847,000 | 5,946,000 | 5,995,000 | 2,506,000 | 2,690,000 | -593,000 | 1,060,000 |
yoy | 11.69% | 0.21% | 51.07% | 31.68% | -43.61% | 38.91% | -2.58% | 5.35% | 107.20% | 2.26% | 44.23% | 12.49% | 29.77% | 64.21% | 71.67% | 9.71% | 42.27% | 99.81% | 10.54% | 82.86% | 2.54% | -46.30% | -29.81% | -41.37% | 33.27% | 44.46% | 36.09% | 36.50% | 14.87% | 143.43% | 104.51% | 151.19% | 60.69% | 49.48% | 126.96% | 36.46% | 37.80% | 67.40% | 61.11% | 75.26% | 210.06% | 105.79% | 43.01% | -1102.70% | 465.57% | ||||
qoq | 36.82% | 2.80% | 23.69% | -35.80% | 22.75% | 54.98% | 7.81% | -72.50% | 202.34% | 8.69% | 16.59% | -45.92% | 49.21% | 53.30% | -9.07% | -37.61% | 88.82% | 60.27% | -41.89% | -19.09% | 165.18% | -11.33% | -3.87% | -54.63% | 38.86% | 15.91% | -19.71% | 3.13% | 50.51% | 9.19% | -19.46% | -13.21% | 218.95% | -8.26% | -1.08% | -44.48% | 196.70% | 39.29% | -40.52% | -43.94% | 260.44% | 34.05% | -35.30% | -0.82% | 139.23% | -6.84% | -553.63% | -155.94% | |
net income margin % | 27.23% | 20.91% | 22.44% | 18.51% | 26.28% | 22.99% | 16.21% | 15.54% | 49.45% | 18.81% | 18.51% | 16.08% | 26.41% | 21.57% | 15.61% | 18.10% | 26.00% | 17.08% | 11.86% | 21.59% | 23.74% | 11.03% | 13.98% | 15.74% | 26.00% | 23.46% | 22.37% | 28.80% | 23.65% | 20.90% | 21.58% | 27.73% | 26.74% | 11.32% | 13.89% | 14.48% | 21.43% | 9.83% | 8.02% | 14.11% | 20.62% | 7.92% | 6.95% | 12.14% | 10.86% | 5.69% | 7.35% | -1.78% | 2.87% |
earnings per share, basic | 3.05 | 2.07 | 1.97 | 1.59 | 2.49 | 2.03 | 1.31 | 1.2 | 4.37 | 1.43 | 1.3 | 1.11 | 2.06 | 1.38 | 0.9 | 0.99 | 1.58 | 0.84 | 0.52 | 0.9 | 1.12 | 0.42 | 0.48 | 0.5 | 1.09 | 0.79 | 0.68 | 0.85 | 0.82 | 0.54 | 0.5 | 0.62 | 0.71 | 0.22 | 0.24 | 0.24 | 0.44 | 0.15 | 0.11 | 0.18 | 0.32 | ||||||||
earnings per share, diluted | 3.04 | 2.06 | 1.96 | 1.58 | 2.48 | 2.03 | 1.31 | 1.2 | 4.37 | 1.42 | 1.3 | 1.11 | 2.06 | 1.38 | 0.9 | 0.99 | 1.58 | 0.84 | 0.52 | 0.9 | 1.11 | 0.42 | 0.47 | 0.49 | 1.08 | 0.78 | 0.67 | 0.83 | 0.81 | 0.54 | 0.49 | 0.61 | 0.7 | 0.22 | 0.24 | 0.24 | 0.43 | 0.15 | 0.1 | 0.18 | 0.31 | ||||||||
weighted-average shares outstanding: | |||||||||||||||||||||||||||||||||||||||||||||||||
basic | 51.1 | 55.8 | 56.1 | 56.1 | 56 | 56.2 | 55,929 | 56,451 | 56,546 | 57,707 | 57,825 | 57,920 | 57,867 | 57,928 | 57,865 | 57,969 | 58,014 | 57,885 | 57,935 | 57,853 | 57,740 | 57,620 | 57,603 | 57,568 | 57,655 | 57,561 | 57,654 | 57,569 | 57,357,490 | 57,711,315 | 57,726,790 | 57,837,312 | 57,793,023 | 57,839,155 | 58,003,222 | 57,898,914 | 57,307,187 | 57,550,204 | 57,819,734 | 57,591,556 | 57,132,909 | 56,495,170 | 57,050,684 | 57,038,021 | 54,749,951 | 49,784,154 | 51,056,462 | 50,284,362 | 45,721,584 |
diluted | 51.2 | 56.1 | 56.4 | 56.5 | 56.3 | 56.3 | 55,964 | 56,771 | 56,552 | 57,974 | 57,966 | 58,033 | 57,991 | 58,175 | 58,033 | 58,067 | 58,219 | 58,191 | 58,190 | 58,092 | 58,394 | 58,285 | 58,171 | 58,237 | 58,440 | 58,395 | 58,383 | 58,410 | 58,316,154 | 58,582,486 | 58,545,061 | 58,720,785 | 58,738,732 | 58,790,019 | 58,873,502 | 58,816,442 | 58,525,980 | 58,968,099 | 58,907,281 | 58,697,229 | 58,362,040 | 57,919,700 | 58,367,830 | 58,369,083 | 56,562,661 | 51,857,309 | 52,978,051 | 50,284,362 | 48,371,169 |
comprehensive earnings: | -388,791.6 | 73,403 | 68,160 | ||||||||||||||||||||||||||||||||||||||||||||||
unrealized net gains on available-for-sale securities | -0.7 | 0.1 | 0.4 | -0.1 | 0.6 | -1,255 | 101 | 318 | 837 | 1,454 | 1,232 | -235 | 1,050 | 124 | -2,705 | -654 | |||||||||||||||||||||||||||||||||
tax effect | -0.2 | -0.2 | -0.2 | 0.3 | -0.1 | 396.4 | 24 | -128 | -293 | -312 | -420 | 95 | -200 | -14 | 492 | 173 | 403 | ||||||||||||||||||||||||||||||||
other comprehensive income, net of tax | -0.9 | -0.1 | 0.2 | 0.2 | 0.5 | -858.6 | 125 | 190 | 544 | 1,142 | 812 | -140 | 850 | 110 | -2,213 | -481 | |||||||||||||||||||||||||||||||||
comprehensive earnings | 154.9 | 113.7 | 110.9 | 89.7 | 139.9 | 247,731 | 82,899 | 76,031 | 64,376 | 120,146 | 80,061 | 49,940 | 56,874 | 90,811 | |||||||||||||||||||||||||||||||||||
recurring | 341,824,500 | 445,002,000 | 430,400,000 | 491,896,000 | 427,270,000 | 398,763,000 | 394,522,000 | 444,421,000 | 364,008,000 | 328,150,000 | 311,534,000 | 348,164,000 | 280,026,000 | 251,306,000 | 237,585,000 | 267,774,000 | 216,747,000 | 192,664,000 | 177,950,000 | 238,495,000 | 190,161,000 | 171,405,000 | 165,998,000 | 196,864,000 | 147,931,000 | 130,830,000 | 126,609,000 | 151,885,000 | 111,661,000 | 99,498,000 | 96,351,000 | 117,914,000 | 86,295,000 | 75,857,000 | 72,492,000 | 88,904,000 | 63,583,000 | 54,233,000 | 47,820,000 | 54,351,000 | 43,177,000 | 35,910,000 | 32,666,000 | 36,454,000 | |||||
implementation and other | 5,507,250 | 6,932,000 | 7,112,000 | 7,985,000 | 7,325,000 | 7,540,000 | 6,617,000 | 7,216,000 | 6,600,000 | 6,017,000 | 5,390,000 | 5,355,000 | 4,960,000 | 4,888,000 | 4,561,000 | 4,424,000 | 4,200,000 | 3,868,000 | 3,637,000 | 3,873,000 | 3,248,000 | 3,601,000 | 3,315,000 | 3,079,000 | 2,401,000 | 2,458,000 | 2,191,000 | 2,031,000 | 2,364,000 | 1,789,000 | 1,876,000 | 1,594,000 | 1,515,000 | 1,468,000 | 1,388,000 | 1,222,000 | 1,535,000 | 1,107,000 | 1,153,000 | 871,000 | 863,000 | 688,000 | 640,000 | 531,000 | |||||
loss on early repayment of debt | |||||||||||||||||||||||||||||||||||||||||||||||||
net income per share | 0.09 | 0.07 | 0.1 | 0.11 | 0.05 | 0.05 | -0.01 | 0.02 | |||||||||||||||||||||||||||||||||||||||||
depreciation | 810,000 | 748,000 | 638,000 | 608,000 | 630,000 | ||||||||||||||||||||||||||||||||||||||||||||
net loss on early repayment of debt | -1,011,000 | -4,044,000 | |||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to noncontrolling interest | |||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to the company | 2,506,000 | 2,690,000 | |||||||||||||||||||||||||||||||||||||||||||||||
pro forma additional income tax expense | |||||||||||||||||||||||||||||||||||||||||||||||||
pro forma net income | 789,250 | 2,690,000 | -593,000 | 1,060,000 | |||||||||||||||||||||||||||||||||||||||||||||
pro forma net income per share, basic | 0.015 | 0.05 | -0.01 | 0.02 | |||||||||||||||||||||||||||||||||||||||||||||
pro forma net income per share, diluted | 0.015 | 0.05 | -0.01 | 0.02 | |||||||||||||||||||||||||||||||||||||||||||||
pro forma weighted-average shares outstanding: | |||||||||||||||||||||||||||||||||||||||||||||||||
basic | 12,260,086 | 51,056,462 | 50,284,362 | 45,721,584 | |||||||||||||||||||||||||||||||||||||||||||||
diluted | 12,805,762 | 52,978,051 | 50,284,362 | 48,371,169 | |||||||||||||||||||||||||||||||||||||||||||||
net income attributable to the noncontrolling interest | |||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to paycom | -593,000 | 1,060,000 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | |||||||||||||||||||||||||||||||||||||||||||||||||
current assets: | |||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 153,900,000 | 370,000,000 | 375,000,000 | 532,200,000 | 520,800,000 | 402,000,000 | 325,757,000 | 346,456,000 | 371,325,000 | 294,025,000 | 484,028,000 | 536,545,000 | 505,590,000 | 400,730,000 | 317,163,000 | 279,039,000 | 360,594,000 | 277,978,000 | 230,926,000 | 202,362,000 | 215,093,000 | 151,710,000 | 156,398,000 | 113,518,000 | 181,827,000 | 133,667,000 | 108,127,000 | 94,814,000 | 91,307,000 | 45,718,000 | 85,048,000 | 54,630,000 | 68,121,000 | 46,077,000 | 66,610,000 | 68,117,000 | 92,915,000 | 60,158,000 | 74,496,000 | 80,893,000 | 72,075,000 | 50,714,000 | 48,547,000 | 42,667,000 | 35,673,000 | 25,144,000 | 18,473,000 | 13,968,000 | 13,125,000 |
accounts receivable | 51,300,000 | 44,900,000 | 50,400,000 | 39,900,000 | 31,300,000 | 39,200,000 | 20,576,000 | 20,034,000 | 19,997,000 | 16,442,000 | 15,548,000 | 16,193,000 | 17,802,000 | 22,843,000 | 14,896,000 | 20,078,000 | 17,945,000 | 9,490,000 | 13,004,000 | 19,905,000 | 19,792,000 | 9,130,000 | 12,355,000 | 9,295,000 | 8,059,000 | 9,298,000 | 2,609,000 | 2,850,000 | 3,835,000 | 3,414,000 | 2,213,000 | 2,414,000 | 2,350,000 | 1,576,000 | 1,444,000 | 1,803,000 | 1,847,000 | 1,339,000 | 1,479,000 | 2,775,000 | 2,580,000 | 2,354,000 | 3,397,000 | 2,562,000 | 1,684,000 | 2,794,000 | 1,468,000 | 906,000 | 737,000 |
prepaid expenses | 58,000,000 | 47,500,000 | 63,000,000 | 55,700,000 | 48,700,000 | 44,400,000 | 45,979,000 | 46,529,000 | 50,809,000 | 37,613,000 | 40,561,000 | 43,093,000 | 40,260,000 | 34,056,000 | 39,717,000 | 37,779,000 | 28,588,000 | 23,729,000 | 26,643,000 | 32,284,000 | 24,109,000 | 17,854,000 | 20,757,000 | 24,987,000 | 17,853,000 | 13,561,000 | 12,724,000 | 11,264,000 | 9,156,000 | 7,658,000 | 7,934,000 | 8,025,000 | 7,001,000 | 4,982,000 | 5,705,000 | 5,737,000 | 5,413,000 | 4,475,000 | 3,991,000 | 4,136,000 | 4,793,000 | 3,531,000 | 2,426,000 | 3,212,000 | 3,044,000 | 1,581,000 | 1,615,000 | 3,769,000 | |
inventory | 1,500,000 | 1,700,000 | 1,800,000 | 1,600,000 | 1,400,000 | 1,400,000 | 1,331,000 | 1,415,000 | 1,807,000 | 1,383,000 | 836,000 | 874,000 | 887,000 | 1,607,000 | 1,471,000 | 1,647,000 | 732,000 | 1,131,000 | 866,000 | 882,000 | 1,088,000 | 1,151,000 | 924,000 | 1,376,000 | 930,000 | 1,158,000 | 700,000 | 767,000 | 910,000 | 797,000 | 574,000 | 477,000 | 420,000 | 979,000 | 750,000 | 520,000 | 499,000 | 675,000 | 355,000 | 441,000 | 736,000 | 1,093,000 | 639,000 | 326,000 | 718,000 | 195,000 | 384,000 | 519,000 | 452,000 |
income tax receivable | 20,600,000 | 78,200,000 | 77,300,000 | 6,300,000 | 11,900,000 | 10,341,000 | 18,391,000 | 10,770,000 | 1,938,000 | 5,583,000 | 15,168,000 | 220,000 | 16,413,000 | 10,211,000 | 7,997,000 | 10,447,000 | 9,280,000 | 4,324,000 | 4,020,000 | 9,512,000 | 10,615,000 | 3,962,000 | 6,456,000 | 5,602,000 | 3,034,000 | 7,047,000 | 9,247,000 | 3,547,000 | 692,000 | 4,316,000 | 6,743,000 | 935,000 | 15,000 | ||||||||||||||||
deferred contract costs | 164,100,000 | 159,500,000 | 154,600,000 | 150,100,000 | 146,000,000 | 140,400,000 | 134,270,000 | 128,728,000 | 124,397,000 | 118,206,000 | 111,877,000 | 107,059,000 | 102,374,000 | 96,378,000 | 90,832,000 | 86,048,000 | 82,074,000 | 76,724,000 | 71,559,000 | 67,720,000 | 64,441,000 | 60,819,000 | 56,245,000 | 53,023,000 | 50,513,000 | 46,618,000 | 43,385,000 | 40,868,000 | 38,811,000 | 35,286,000 | 32,465,000 | 30,540,000 | 28,920,000 | ||||||||||||||||
current assets before funds held for clients | 449,400,000 | 701,800,000 | 722,100,000 | 785,800,000 | 748,200,000 | 639,300,000 | 538,254,000 | 543,162,000 | 568,335,000 | 486,060,000 | 663,620,000 | 705,702,000 | 666,913,000 | 561,197,000 | 479,247,000 | 424,811,000 | 489,933,000 | 405,465,000 | 353,209,000 | 331,150,000 | 324,523,000 | 251,111,000 | 255,959,000 | 206,523,000 | 259,182,000 | 208,322,000 | 177,057,000 | 161,178,000 | 144,019,000 | 96,835,000 | 134,787,000 | 101,745,000 | 109,859,000 | 60,661,000 | 83,756,000 | 79,724,000 | 100,674,000 | 67,339,000 | 84,637,000 | 88,245,000 | 80,184,000 | 64,435,000 | 55,325,000 | 49,140,000 | 41,988,000 | 32,836,000 | 24,698,000 | 20,863,000 | 21,733,000 |
funds held for clients | 2,624,600,000 | 5,137,000,000 | 1,819,900,000 | 1,616,900,000 | 2,241,200,000 | 3,665,500,000 | 1,439,651,000 | 2,303,159,000 | 2,727,991,000 | 2,327,366,000 | 1,899,346,000 | 2,002,492,000 | 2,387,778,000 | 2,202,975,000 | 1,749,115,000 | 3,423,181,000 | 3,944,363,000 | 1,846,573,000 | 2,959,973,000 | 2,025,372,000 | 2,299,684,000 | 1,613,494,000 | 1,522,357,000 | 1,033,535,000 | 1,392,379,000 | 1,662,778,000 | 835,918,000 | 1,126,808,000 | 1,405,465,000 | 967,787,000 | 902,747,000 | 900,287,000 | 1,095,160,000 | 1,089,201,000 | 792,734,000 | 787,015,000 | 950,980,000 | 858,244,000 | 593,041,000 | 1,034,314,000 | 1,125,619,000 | 696,703,000 | 615,895,000 | 542,807,000 | 591,563,000 | 660,557,000 | 393,633,000 | 315,629,000 | 409,218,000 |
total current assets | 3,074,000,000 | 5,838,800,000 | 2,542,000,000 | 2,402,700,000 | 2,989,400,000 | 4,304,800,000 | 1,977,905,000 | 2,846,321,000 | 3,296,326,000 | 2,813,426,000 | 2,562,966,000 | 2,708,194,000 | 3,054,691,000 | 2,764,172,000 | 2,228,362,000 | 3,847,992,000 | 4,434,296,000 | 2,252,038,000 | 3,313,182,000 | 2,356,522,000 | 2,624,207,000 | 1,864,605,000 | 1,778,316,000 | 1,240,058,000 | 1,651,561,000 | 1,871,100,000 | 1,012,975,000 | 1,287,986,000 | 1,549,484,000 | 1,064,622,000 | 1,037,534,000 | 1,002,032,000 | 1,205,019,000 | 1,149,862,000 | 876,490,000 | 866,739,000 | 1,051,654,000 | 925,583,000 | 677,678,000 | 1,122,559,000 | 1,205,803,000 | 761,138,000 | 671,220,000 | 591,947,000 | 633,551,000 | 693,393,000 | 418,331,000 | 336,492,000 | 430,951,000 |
property and equipment | 669,000,000 | 687,300,000 | 659,800,000 | 602,100,000 | 567,100,000 | 561,400,000 | 553,597,000 | 531,884,000 | 520,182,000 | 498,197,000 | 468,282,000 | 444,992,000 | 421,017,000 | 402,448,000 | 383,860,000 | 374,940,000 | 362,505,000 | 348,953,000 | 329,296,000 | 320,997,000 | 301,579,000 | 285,218,000 | 275,624,000 | 266,831,000 | 254,423,000 | 238,458,000 | 224,035,000 | 196,371,000 | 187,511,000 | 176,962,000 | 168,397,000 | 165,370,000 | 159,561,000 | 147,705,000 | 133,765,000 | 116,957,000 | 106,485,000 | 96,848,000 | 87,285,000 | 76,627,000 | 66,990,000 | 58,858,000 | 53,674,000 | 50,115,000 | 48,692,000 | ||||
intangible assets | 34,000,000 | 37,400,000 | 40,900,000 | 44,300,000 | 45,200,000 | 46,200,000 | 47,183,000 | 48,159,000 | 49,136,000 | 50,112,000 | 51,088,000 | 52,064,000 | 53,040,000 | 54,017,000 | 54,993,000 | 55,969,000 | 56,999,000 | 58,028,000 | 59,057,000 | 60,087,000 | 745,000 | 798,000 | 852,000 | 905,000 | 958,000 | 1,011,000 | 1,065,000 | 1,468,000 | 1,871,000 | 2,274,000 | 2,677,000 | 3,081,000 | 3,484,000 | 3,886,000 | 4,290,000 | 4,693,000 | |||||||||||||
goodwill | 51,900,000 | 51,900,000 | 51,900,000 | 51,900,000 | 51,900,000 | 51,900,000 | 51,889,000 | 51,889,000 | 51,889,000 | 51,889,000 | 51,889,000 | 51,889,000 | 51,889,000 | 51,889,000 | 51,889,000 | 51,889,000 | 51,889,000 | 51,889,000 | 51,889,000 | 51,889,000 | 51,889,000 | 51,889,000 | 51,889,000 | 51,889,000 | 51,889,000 | 51,889,000 | 51,889,000 | 51,889,000 | 51,889,000 | 51,889,000 | 51,889,000 | 51,889,000 | 51,889,000 | 51,889,000 | 51,889,000 | 51,889,000 | 51,889,000 | 51,889,000 | 51,889,000 | 51,889,000 | 51,889,000 | 51,889,000 | 51,889,000 | 51,889,000 | 51,889,000 | 51,889,000 | 51,889,000 | 51,889,000 | 51,889,000 |
long-term deferred contract costs | 872,800,000 | 857,400,000 | 838,300,000 | 822,300,000 | 810,000,000 | 783,600,000 | 753,290,000 | 727,956,000 | 712,935,000 | 680,272,000 | 645,611,000 | 623,751,000 | 602,205,000 | 567,974,000 | 536,942,000 | 511,957,000 | 493,530,000 | 461,852,000 | 430,761,000 | 410,700,000 | 394,867,000 | 371,357,000 | 342,436,000 | 328,380,000 | 316,768,000 | 292,134,000 | 272,783,000 | 259,241,000 | 247,135,000 | 225,459,000 | 207,322,000 | 196,778,000 | 188,580,000 | ||||||||||||||||
operating lease right-of-use assets | 86,200,000 | 89,400,000 | 79,700,000 | 76,800,000 | 77,900,000 | 80,600,000 | 77,958,000 | ||||||||||||||||||||||||||||||||||||||||||
other assets | 33,800,000 | 36,500,000 | 32,600,000 | 31,100,000 | 31,100,000 | 31,400,000 | 30,708,000 | 106,535,000 | 102,796,000 | 103,643,000 | 76,265,000 | 70,451,000 | 58,780,000 | 62,013,000 | 58,524,000 | 48,956,000 | 45,355,000 | 42,385,000 | 33,853,000 | 32,892,000 | 34,231,000 | 34,843,000 | 36,934,000 | 34,342,000 | 35,084,000 | 33,336,000 | 30,345,000 | 30,705,000 | 26,809,000 | ||||||||||||||||||||
total assets | 4,821,800,000 | 7,598,700,000 | 4,245,200,000 | 4,031,200,000 | 4,572,600,000 | 5,859,900,000 | 3,492,530,000 | 4,312,744,000 | 4,733,264,000 | 4,197,539,000 | 3,856,101,000 | 3,951,341,000 | 4,241,622,000 | 3,902,513,000 | 3,314,570,000 | 4,891,703,000 | 5,444,574,000 | 3,215,145,000 | 4,218,038,000 | 3,233,087,000 | 3,406,773,000 | 2,607,912,000 | 2,485,199,000 | 1,921,500,000 | 2,309,725,000 | 2,486,917,000 | 1,592,027,000 | 1,826,192,000 | 2,062,828,000 | 1,521,926,000 | 1,468,186,000 | 1,418,965,000 | 1,608,130,000 | 1,355,164,000 | 1,069,936,000 | 1,045,943,000 | 1,218,552,000 | 1,078,613,000 | 820,995,000 | 1,258,983,000 | 1,331,632,000 | 876,773,000 | 781,582,000 | 699,182,000 | 739,589,000 | 798,942,000 | 522,956,000 | 440,195,000 | 532,231,000 |
liabilities and stockholders’ equity | |||||||||||||||||||||||||||||||||||||||||||||||||
current liabilities: | |||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable | 9,400,000 | 6,600,000 | 20,400,000 | 19,700,000 | 9,100,000 | 23,900,000 | 35,044,000 | 14,997,000 | 20,969,000 | 13,875,000 | 6,889,000 | 8,485,000 | 10,036,000 | 16,054,000 | 10,211,000 | 13,475,000 | 12,192,000 | 5,772,000 | 9,441,000 | 9,220,000 | 12,133,000 | 6,787,000 | 9,237,000 | 3,667,000 | 5,694,000 | 5,051,000 | 4,693,000 | 3,622,000 | 4,081,000 | 6,288,000 | 6,173,000 | 4,995,000 | 3,421,000 | 6,490,000 | 2,505,000 | 3,439,000 | 3,134,000 | 3,737,000 | 4,850,000 | 5,530,000 | 5,694,000 | 4,899,000 | 3,853,000 | 2,968,000 | 2,527,000 | 3,042,000 | 1,976,000 | 2,620,000 | 3,310,000 |
accrued commissions and bonuses | 14,200,000 | 28,200,000 | 24,300,000 | 26,300,000 | 19,600,000 | 33,000,000 | 23,377,000 | 22,227,000 | 20,091,000 | 30,492,000 | 20,423,000 | 21,879,000 | 17,594,000 | 28,439,000 | 19,037,000 | 14,798,000 | 12,048,000 | 22,357,000 | 12,431,000 | 9,918,000 | 6,781,000 | 13,703,000 | 7,940,000 | 6,539,000 | 5,662,000 | 12,343,000 | 8,432,000 | 7,901,000 | 4,553,000 | 10,671,000 | 6,454,000 | 4,441,000 | 2,605,000 | 9,585,000 | 6,782,000 | 5,236,000 | 2,726,000 | 8,003,000 | 5,381,000 | 3,052,000 | 1,784,000 | 8,687,000 | 4,509,000 | 2,539,000 | 1,568,000 | 5,080,000 | 2,568,000 | 1,579,000 | 985,000 |
accrued payroll and vacation | 42,600,000 | 60,100,000 | 54,600,000 | 59,000,000 | 46,500,000 | 59,000,000 | 49,495,000 | 60,533,000 | 42,497,000 | 56,086,000 | 41,160,000 | 49,977,000 | 36,188,000 | 45,023,000 | 36,069,000 | 41,802,000 | 42,838,000 | 34,259,000 | 36,138,000 | 28,640,000 | 32,634,000 | 24,529,000 | 27,722,000 | 18,949,000 | 21,159,000 | 14,870,000 | 17,672,000 | 11,560,000 | 14,506,000 | 10,741,000 | 12,937,000 | 8,895,000 | 11,322,000 | 7,015,000 | 9,096,000 | 5,857,000 | 7,688,000 | 4,769,000 | 6,680,000 | 6,538,000 | 5,237,000 | 2,898,000 | 4,106,000 | 4,964,000 | 3,160,000 | 1,582,000 | 2,665,000 | 3,492,000 | 2,176,000 |
deferred revenue | 32,300,000 | 28,300,000 | 29,900,000 | 30,300,000 | 30,200,000 | 30,000,000 | 28,885,000 | 31,432,000 | 27,604,000 | 22,812,000 | 22,730,000 | 21,343,000 | 20,505,000 | 19,825,000 | 19,546,000 | 17,920,000 | 17,135,000 | 16,277,000 | 16,175,000 | 14,946,000 | 14,191,000 | 13,567,000 | 13,887,000 | 12,273,000 | 11,660,000 | 11,105,000 | 10,634,000 | 10,082,000 | 9,672,000 | 8,980,000 | 8,409,000 | 7,867,000 | 7,358,000 | 6,982,000 | 6,526,000 | 6,040,000 | 5,611,000 | 5,230,000 | 4,821,000 | 4,389,000 | 3,994,000 | 3,726,000 | 3,329,000 | 2,958,000 | 2,662,000 | 2,535,000 | 2,186,000 | 1,941,000 | 1,591,000 |
operating lease liabilities | 28,600,000 | 28,400,000 | 23,400,000 | 21,900,000 | 21,000,000 | 20,400,000 | 20,124,000 | ||||||||||||||||||||||||||||||||||||||||||
accrued expenses and other current liabilities | 87,700,000 | 79,800,000 | 106,000,000 | 75,100,000 | 73,100,000 | 74,800,000 | 63,110,000 | 84,215,000 | 85,438,000 | 83,302,000 | 77,065,000 | 78,889,000 | 70,090,000 | 59,990,000 | 58,797,000 | 54,904,000 | 57,260,000 | 63,397,000 | 50,340,000 | 55,337,000 | 45,399,000 | 44,175,000 | 44,883,000 | 40,513,000 | 43,633,000 | 45,600,000 | 39,354,000 | 39,530,000 | 40,132,000 | 22,440,000 | 19,654,000 | 18,796,000 | 20,145,000 | 19,991,000 | 18,817,000 | 19,726,000 | 17,587,000 | 17,798,000 | 13,031,000 | 12,392,000 | 11,983,000 | 9,735,000 | 7,401,000 | 6,467,000 | 7,309,000 | 5,121,000 | 3,871,000 | 3,244,000 | 6,809,000 |
current liabilities before client funds obligation | 214,800,000 | 231,400,000 | 258,600,000 | 232,300,000 | 242,500,000 | 241,100,000 | 220,035,000 | 223,685,000 | 213,881,000 | 206,567,000 | 168,267,000 | 180,573,000 | 173,763,000 | 169,331,000 | 143,660,000 | 142,899,000 | 166,428,000 | 143,837,000 | 126,300,000 | 119,836,000 | 125,890,000 | 104,536,000 | 105,444,000 | 83,716,000 | 105,536,000 | 90,744,000 | 82,560,000 | 74,470,000 | 78,245,000 | 60,895,000 | 55,402,000 | 46,769,000 | 46,182,000 | 50,951,000 | 44,878,000 | 41,437,000 | 54,449,000 | 40,650,000 | 35,853,000 | 38,183,000 | 36,174,000 | 30,831,000 | 25,681,000 | 22,688,000 | 21,441,000 | 18,215,000 | 14,259,000 | 13,769,000 | 29,051,000 |
client funds obligation | 2,624,700,000 | 5,137,000,000 | 1,819,900,000 | 1,616,900,000 | 2,239,700,000 | 3,665,700,000 | 1,439,648,000 | 2,303,198,000 | 2,728,431,000 | 2,328,076,000 | 1,901,643,000 | 2,006,154,000 | 2,391,335,000 | 2,207,706,000 | 1,754,095,000 | 3,425,573,000 | 3,946,103,000 | 1,846,573,000 | 2,959,973,000 | 2,025,372,000 | 2,299,684,000 | 1,613,494,000 | 1,522,357,000 | 1,033,535,000 | 1,392,379,000 | 1,662,778,000 | 835,918,000 | 1,126,808,000 | 1,405,465,000 | 967,787,000 | 902,747,000 | 900,287,000 | 1,095,160,000 | 1,089,201,000 | 792,734,000 | 787,015,000 | 950,980,000 | 858,244,000 | 593,041,000 | 1,034,314,000 | 1,125,619,000 | 696,703,000 | 615,895,000 | 542,807,000 | 591,563,000 | 660,557,000 | 393,633,000 | 315,629,000 | 409,218,000 |
total current liabilities | 2,839,500,000 | 5,368,400,000 | 2,078,500,000 | 1,849,200,000 | 2,482,200,000 | 3,906,800,000 | 1,659,683,000 | 2,526,883,000 | 2,942,312,000 | 2,534,643,000 | 2,069,910,000 | 2,186,727,000 | 2,565,098,000 | 2,377,037,000 | 1,897,755,000 | 3,568,472,000 | 4,112,531,000 | 1,990,410,000 | 3,086,273,000 | 2,145,208,000 | 2,425,574,000 | 1,718,030,000 | 1,627,801,000 | 1,117,251,000 | 1,497,915,000 | 1,753,522,000 | 918,478,000 | 1,201,278,000 | 1,483,710,000 | 1,028,682,000 | 958,149,000 | 947,056,000 | 1,141,342,000 | 1,140,152,000 | 837,612,000 | 828,452,000 | 1,005,429,000 | 898,894,000 | 628,894,000 | 1,072,497,000 | 1,161,793,000 | 727,534,000 | 641,576,000 | 565,495,000 | 613,004,000 | 678,772,000 | 407,892,000 | 329,398,000 | 438,269,000 |
deferred income tax liabilities | 306,600,000 | 304,400,000 | 259,300,000 | 150,200,000 | 143,700,000 | 149,700,000 | 140,228,000 | 136,213,000 | 133,454,000 | 143,750,000 | 145,465,000 | 142,956,000 | 139,661,000 | 141,033,000 | 139,368,000 | 135,282,000 | 134,769,000 | 145,504,000 | 125,228,000 | 119,083,000 | 115,336,000 | 112,598,000 | 102,421,000 | 98,536,000 | 92,609,000 | 91,217,000 | 85,921,000 | 79,642,000 | 73,928,000 | 70,206,000 | 64,206,000 | 59,363,000 | 53,401,000 | 641,000 | |||||||||||||||
long-term deferred revenue | 121,700,000 | 121,900,000 | 121,200,000 | 119,400,000 | 118,500,000 | 114,600,000 | 113,371,000 | 110,928,000 | 109,435,000 | 107,657,000 | 105,588,000 | 102,890,000 | 100,297,000 | 97,591,000 | 94,465,000 | 90,960,000 | 87,681,000 | 85,149,000 | 81,702,000 | 77,512,000 | 74,802,000 | 73,259,000 | 71,500,000 | 68,614,000 | 66,795,000 | 65,139,000 | 62,731,000 | 59,922,000 | 57,839,000 | 55,671,000 | 52,405,000 | 49,322,000 | 46,419,000 | 44,642,000 | 41,841,000 | 38,964,000 | 36,555,000 | 34,481,000 | 32,064,000 | 29,322,000 | 26,825,000 | 25,310,000 | 22,657,000 | 20,077,000 | 18,114,000 | 16,802,000 | 15,048,000 | 13,350,000 | 11,979,000 |
long-term debt | 675,000,000 | 29,000,000 | 29,000,000 | 29,000,000 | |||||||||||||||||||||||||||||||||||||||||||||
long-term operating lease liabilities | 60,000,000 | 61,900,000 | 61,100,000 | 59,300,000 | 60,500,000 | 63,000,000 | 60,660,000 | ||||||||||||||||||||||||||||||||||||||||||
other long-term liabilities | 7,200,000 | 10,600,000 | 15,700,000 | 51,200,000 | 50,500,000 | 49,900,000 | 53,936,000 | 112,189,000 | 110,000,000 | 108,453,000 | 84,829,000 | 83,083,000 | 73,095,000 | 75,245,000 | 77,602,000 | 73,850,000 | 73,628,000 | 72,988,000 | 71,679,000 | 70,778,000 | 16,901,000 | 19,263,000 | 21,524,000 | 21,257,000 | 22,195,000 | 19,553,000 | 18,706,000 | 18,861,000 | 16,619,000 | ||||||||||||||||||||
total long-term liabilities | 1,170,600,000 | 498,800,000 | 457,300,000 | 380,100,000 | 373,200,000 | 377,200,000 | 368,195,000 | 359,330,000 | 352,889,000 | 359,860,000 | 364,882,000 | 357,929,000 | 342,053,000 | 342,869,000 | 340,435,000 | 329,092,000 | 323,023,000 | 331,021,000 | 306,424,000 | 295,623,000 | 235,723,000 | 234,239,000 | 224,999,000 | 218,396,000 | 212,022,000 | 206,767,000 | 198,651,000 | 190,152,000 | 180,565,000 | 158,491,000 | 149,660,000 | 142,171,000 | 133,755,000 | 79,610,000 | 75,059,000 | 72,443,000 | 66,944,000 | 63,192,000 | 61,064,000 | 57,671,000 | 51,475,000 | 50,925,000 | 48,327,000 | 47,317,000 | 46,196,000 | 46,032,000 | 44,448,000 | 42,959,000 | 87,908,000 |
total liabilities | 4,010,100,000 | 5,867,200,000 | 2,535,800,000 | 2,229,300,000 | 2,855,400,000 | 4,284,000,000 | 2,027,878,000 | 2,886,213,000 | 3,295,201,000 | 2,894,503,000 | 2,434,792,000 | 2,544,656,000 | 2,907,151,000 | 2,719,906,000 | 2,238,190,000 | 3,897,564,000 | 4,435,554,000 | 2,321,431,000 | 3,392,697,000 | 2,440,831,000 | 2,661,297,000 | 1,952,269,000 | 1,852,800,000 | 1,335,647,000 | 1,709,937,000 | 1,960,289,000 | 1,117,129,000 | 1,391,430,000 | 1,664,275,000 | 1,187,173,000 | |||||||||||||||||||
commitments and contingencies | |||||||||||||||||||||||||||||||||||||||||||||||||
stockholders’ equity: | |||||||||||||||||||||||||||||||||||||||||||||||||
common stock | 600,000 | 600,000 | 600,000 | 600,000 | 600,000 | 600,000 | 629,000 | 629,000 | 627,000 | 627,000 | 627,000 | 626,000 | 625,000 | 625,000 | 625,000 | 625,000 | 623,000 | 623,000 | 622,000 | 621,000 | 618,000 | 618,000 | 616,000 | 616,000 | 614,000 | 613,000 | 612,000 | 612,000 | 609,000 | 607,000 | 606,000 | 606,000 | 604,000 | 601,000 | 599,000 | 595,000 | 585,000 | 585,000 | 584,000 | 576,000 | 571,000 | 571,000 | 571,000 | 571,000 | 566,000 | 538,000 | 510,000 | 510,000 | 457,000 |
additional paid-in capital | 887,300,000 | 878,400,000 | 843,300,000 | 801,900,000 | 752,800,000 | 724,800,000 | 697,892,000 | 667,197,000 | 634,818,000 | 724,493,000 | 687,723,000 | 649,965,000 | 608,966,000 | 576,622,000 | 550,302,000 | 517,777,000 | 490,307,000 | 465,594,000 | 441,479,000 | 409,979,000 | 383,502,000 | 357,908,000 | 322,321,000 | 300,408,000 | 275,813,000 | 250,853,000 | 246,069,000 | 239,865,000 | 198,255,000 | 193,288,000 | 189,302,000 | 129,770,000 | 114,287,000 | 99,490,000 | 91,413,000 | ||||||||||||||
retained earnings | 2,393,800,000 | 2,255,600,000 | 2,162,500,000 | 2,073,300,000 | 2,005,500,000 | 1,887,500,000 | 1,795,476,000 | 1,743,608,000 | 1,697,191,000 | 1,469,981,000 | 1,410,659,000 | 1,358,059,000 | 1,316,264,000 | 1,196,968,000 | 1,117,017,000 | 1,064,864,000 | 1,007,509,000 | 915,579,000 | 866,892,000 | 836,513,000 | 784,235,000 | 719,619,000 | 695,252,000 | 667,770,000 | 639,181,000 | 576,166,000 | 530,786,000 | 491,634,000 | 442,872,000 | 395,590,000 | 364,176,000 | 335,407,000 | 299,685,000 | 137,255,000 | 124,350,000 | 110,283,000 | 96,062,000 | 70,448,000 | 61,815,000 | 55,617,000 | 45,196,000 | 26,608,000 | 21,451,000 | 17,604,000 | 11,658,000 | 5,663,000 | 3,157,000 | 467,000 | 1,060,000 |
accumulated other comprehensive earnings | -600,000 | 300,000 | 400,000 | 200,000 | -100,000 | -600,000 | -180,000 | -305,000 | -495,000 | -1,039,000 | -2,181,000 | -2,993,000 | -2,853,000 | -3,703,000 | -3,813,000 | -1,600,000 | -1,119,000 | ||||||||||||||||||||||||||||||||
treasury stock | -2,469,400,000 | -1,403,400,000 | -1,297,400,000 | -1,074,100,000 | -1,041,600,000 | -1,036,400,000 | -1,029,165,000 | -984,598,000 | -894,078,000 | -891,026,000 | -675,519,000 | -598,972,000 | -588,531,000 | -587,905,000 | -587,751,000 | -587,527,000 | -488,300,000 | -488,082,000 | -483,652,000 | -454,857,000 | -422,879,000 | -422,502,000 | -385,790,000 | -382,941,000 | -315,820,000 | -307,652,000 | -307,353,000 | -303,553,000 | -284,793,000 | -265,124,000 | -202,660,000 | -199,563,000 | -139,688,000 | -97,454,000 | -80,117,000 | -49,958,000 | -49,958,000 | -22,775,000 | -3,490,000 | ||||||||||
total stockholders’ equity | 811,700,000 | 1,731,500,000 | 1,709,400,000 | 1,801,900,000 | 1,717,200,000 | 1,575,900,000 | 1,464,652,000 | 1,426,531,000 | 1,438,063,000 | 1,303,036,000 | 1,421,309,000 | 1,406,685,000 | 1,334,471,000 | 1,182,607,000 | 1,076,380,000 | 994,139,000 | 1,009,020,000 | 893,714,000 | 825,341,000 | 792,256,000 | 74,138,000 | 70,616,000 | 67,838,000 | 6,054,000 | |||||||||||||||||||||||||
total liabilities and stockholders’ equity | 4,821,800,000 | 7,598,700,000 | 4,245,200,000 | 4,031,200,000 | 4,572,600,000 | 5,859,900,000 | 3,492,530,000 | 4,312,744,000 | 4,733,264,000 | 4,197,539,000 | 3,856,101,000 | 3,951,341,000 | 4,241,622,000 | 3,902,513,000 | 3,314,570,000 | 4,891,703,000 | 5,444,574,000 | 3,215,145,000 | 4,218,038,000 | 3,233,087,000 | 798,942,000 | 522,956,000 | 440,195,000 | 532,231,000 | |||||||||||||||||||||||||
income tax payable | 43,000,000 | 10,281,000 | 17,282,000 | 19,350,000 | 23,180,000 | 12,977,000 | 15,953,000 | 3,526,000 | 16,577,000 | 5,371,000 | 6,582,000 | 1,608,000 | 1,931,000 | 3,353,000 | 148,000 | 239,000 | |||||||||||||||||||||||||||||||||
current portion of long-term debt | 1,775,000 | 1,775,000 | 1,775,000 | 1,775,000 | 1,775,000 | 1,775,000 | 1,775,000 | 1,775,000 | 1,775,000 | 1,775,000 | 1,775,000 | 1,775,000 | 1,775,000 | 1,775,000 | 1,775,000 | 1,775,000 | 1,331,000 | 888,000 | 1,152,000 | 1,139,000 | 1,126,000 | 1,113,000 | 1,090,000 | 911,000 | 900,000 | 886,000 | 875,000 | 861,000 | 862,000 | 855,000 | 845,000 | 893,000 | 13,941,000 | ||||||||||||||||
net long-term debt, less current portion | 29,000,000 | 29,000,000 | 29,000,000 | 26,945,000 | 27,380,000 | 27,815,000 | 28,250,000 | 28,684,000 | 29,119,000 | 29,554,000 | 29,989,000 | 30,423,000 | 30,858,000 | 31,293,000 | 31,727,000 | 32,179,000 | 32,614,000 | 33,049,000 | 33,486,000 | 33,935,000 | 34,414,000 | 33,218,000 | 33,479,000 | 30,389,000 | 28,711,000 | 29,000,000 | 28,349,000 | 24,650,000 | |||||||||||||||||||||
liabilities and stockholders' equity | |||||||||||||||||||||||||||||||||||||||||||||||||
stockholders' equity: | |||||||||||||||||||||||||||||||||||||||||||||||||
total stockholders' equity | 745,476,000 | 655,643,000 | 632,399,000 | 585,853,000 | 599,788,000 | 526,628,000 | 474,898,000 | 434,762,000 | 398,553,000 | 334,753,000 | 360,377,000 | 329,738,000 | 333,033,000 | 135,402,000 | 157,265,000 | 145,048,000 | 146,179,000 | 116,527,000 | 131,037,000 | 128,815,000 | 118,364,000 | 98,314,000 | 91,679,000 | 86,370,000 | 80,389,000 | ||||||||||||||||||||||||
total liabilities and stockholders' equity | 3,406,773,000 | 2,607,912,000 | 2,485,199,000 | 1,921,500,000 | 2,309,725,000 | 2,486,917,000 | 1,592,027,000 | 1,826,192,000 | 2,062,828,000 | 1,521,926,000 | 1,468,186,000 | 1,418,965,000 | 1,608,130,000 | 1,355,164,000 | 1,069,936,000 | 1,045,943,000 | 1,218,552,000 | 1,078,613,000 | 820,995,000 | 1,258,983,000 | 1,331,632,000 | 876,773,000 | 781,582,000 | 699,182,000 | 739,589,000 | ||||||||||||||||||||||||
additional paid in capital | 257,501,000 | 203,680,000 | 137,234,000 | 95,452,000 | 76,112,000 | 72,597,000 | 71,135,000 | 69,657,000 | 68,195,000 | 68,165,000 | 67,937,000 | 66,949,000 | 66,861,000 | 4,537,000 | |||||||||||||||||||||||||||||||||||
deposits and other assets | 2,249,000 | 1,567,000 | 1,609,000 | 2,021,000 | 1,456,000 | 1,341,000 | 1,326,000 | 1,369,000 | 1,215,000 | 1,010,000 | 936,000 | 866,000 | 1,404,000 | 913,000 | 941,000 | 764,000 | 645,000 | 595,000 | 554,000 | 571,000 | |||||||||||||||||||||||||||||
long-term derivative liability | 554,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
derivative asset | 97,000 | 57,000 | 13,000 | ||||||||||||||||||||||||||||||||||||||||||||||
long-term derivative asset | 679,000 | 435,000 | 155,000 | ||||||||||||||||||||||||||||||||||||||||||||||
deferred income tax assets | 3,294,000 | 5,440,000 | 7,967,000 | 5,687,000 | 1,207,000 | 859,000 | 4,295,000 | 3,003,000 | |||||||||||||||||||||||||||||||||||||||||
restricted cash | 371,000 | 370,000 | 370,000 | 369,000 | |||||||||||||||||||||||||||||||||||||||||||||
long-term debt, less current portion | 24,974,000 | 25,206,000 | 25,435,000 | 25,652,000 | 26,123,000 | 26,341,000 | 26,528,000 | 11,435,000 | |||||||||||||||||||||||||||||||||||||||||
deferred tax assets | 316,000 | 373,000 | 869,000 | 1,445,000 | 2,422,000 | 3,470,000 | 3,281,000 | ||||||||||||||||||||||||||||||||||||||||||
deferred tax liabilities | 464,000 | 1,805,000 | 2,430,000 | 3,107,000 | 3,059,000 | 3,081,000 | 3,081,000 | ||||||||||||||||||||||||||||||||||||||||||
prepaid expenses and initial public offering costs | 1,952,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
property, plant and equipment, net of accumulated depreciation | 47,919,000 | 46,642,000 | 45,358,000 | 42,514,000 | |||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 12.1 million and 10.5 million, respectively | 5,096,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
long-term debt to related parties | 60,941,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
derivative liability | 472,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
total parent’s stockholders’ equity | 74,138,000 | 70,616,000 | 67,838,000 | 6,054,000 | |||||||||||||||||||||||||||||||||||||||||||||
noncontrolling interest | |||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 11.7 million and 10.5 million, respectively | 5,499,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 11.3 million and 10.5 million, respectively | 5,902,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 10.9 million and 10.5 million, respectively | 6,306,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities | |||||||||||||||||||||||||||||||||||||||||||||||||
net income | 155,700,000 | 113,800,000 | 110,700,000 | 89,500,000 | 139,400,000 | 113,565,000 | 73,278,000 | 67,970,000 | 247,187,000 | 81,757,000 | 75,219,000 | 64,516,000 | 119,296,000 | 79,951,000 | 52,153,000 | 57,355,000 | 91,930,000 | 48,687,000 | 30,379,000 | 52,278,000 | 64,616,000 | 24,367,000 | 27,482,000 | 28,589,000 | 63,015,000 | 45,380,000 | 39,152,000 | 48,762,000 | 47,282,000 | 31,414,000 | 28,769,000 | 35,722,000 | 41,160,000 | 12,905,000 | 14,067,000 | 14,221,000 | 25,614,000 | 8,633,000 | 6,198,000 | 10,421,000 | 18,588,000 | 5,157,000 | 3,847,000 | 5,946,000 | 5,995,000 | 2,506,000 | 2,690,000 | -593,000 | 1,060,000 |
adjustments to reconcile net income to net cash from operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization | 51,100,000 | 49,400,000 | 45,000,000 | 42,000,000 | 39,900,000 | 39,742,000 | 38,076,000 | 35,614,000 | 32,468,000 | 30,989,000 | 28,949,000 | 27,738,000 | 26,272,000 | 24,916,000 | 23,560,000 | 22,568,000 | 21,655,000 | 18,968,000 | 17,321,000 | 16,017,000 | 14,916,000 | 14,300,000 | 13,783,000 | 13,075,000 | 12,215,000 | 11,567,000 | 10,969,000 | 10,328,000 | 9,347,000 | 8,747,000 | 8,128,000 | 6,713,000 | 6,069,000 | 5,497,000 | 4,905,000 | 4,707,000 | 4,286,000 | 3,961,000 | 3,553,000 | 3,209,000 | 2,909,000 | 2,599,000 | 2,402,000 | 2,287,000 | 2,133,000 | 1,964,000 | 1,797,000 | 1,680,000 | 1,721,000 |
stock-based compensation expense | 14,100,000 | 26,900,000 | 31,200,000 | 38,400,000 | 22,200,000 | 22,614,000 | 24,156,000 | 24,120,000 | -93,790,000 | 33,423,000 | 33,198,000 | 35,366,000 | 27,819,000 | 24,083,000 | 24,492,000 | 24,268,000 | 22,055,000 | 21,142,000 | 28,991,000 | 23,792,000 | 23,581,000 | 33,577,000 | 19,502,000 | 21,218,000 | 15,811,000 | 6,146,000 | 4,454,000 | 5,597,000 | 31,071,000 | 5,068,000 | 4,587,000 | 3,699,000 | 23,222,000 | 6,785,000 | 14,233,000 | 13,899,000 | 3,625,000 | 3,729,000 | 13,925,000 | 3,594,000 | 1,223,000 | 1,289,000 | |||||||
amortization of debt issuance costs | 200,000 | 300,000 | 600,000 | 200,000 | 300,000 | 269,000 | 279,000 | 276,000 | 276,000 | 279,000 | 326,000 | 312,000 | 308,000 | 315,000 | 365,000 | 158,000 | 9,000 | 9,000 | 9,000 | 9,000 | 9,000 | 9,000 | 8,000 | 10,000 | 9,000 | 9,000 | 8,000 | 9,000 | 9,000 | 9,000 | 6,000 | 33,000 | 36,000 | 23,000 | 33,000 | 31,000 | 32,000 | 23,000 | 72,000 | 13,000 | 6,000 | ||||||||
loss on disposition of property and equipment | 2,900,000 | 2,000 | 10,000 | 0 | 14,000 | 0 | 132,000 | ||||||||||||||||||||||||||||||||||||||||||
accretion of discount on available-for-sale securities | -1,300,000 | -3,800,000 | -4,300,000 | -3,600,000 | -1,300,000 | 12,000 | -4,000 | -35,000 | -73,000 | -133,000 | -134,000 | -129,000 | -124,000 | -148,000 | -235,000 | -334,000 | -303,000 | -176,000 | -93,000 | -106,000 | -77,000 | -189,000 | -400,000 | -507,000 | -467,000 | -252,000 | |||||||||||||||||||||||
non-cash marketing expense | 100,000 | 100,000 | 100,000 | 400,000 | 400,000 | 398,000 | 404,000 | 400,000 | 398,000 | 395,000 | 424,000 | 421,000 | 418,000 | 414,000 | 444,000 | 439,000 | 437,000 | 433,000 | 461,000 | ||||||||||||||||||||||||||||||
deferred income taxes | 2,000,000 | 44,800,000 | 108,900,000 | 6,900,000 | -6,200,000 | 9,627,000 | 3,971,000 | 2,691,000 | -10,489,000 | -1,332,000 | 2,183,000 | 3,356,000 | -1,650,000 | 1,631,000 | 4,805,000 | 686,000 | -10,332,000 | 20,276,000 | 6,145,000 | 3,747,000 | 2,738,000 | 10,177,000 | 3,885,000 | 5,927,000 | 1,392,000 | 5,296,000 | 6,279,000 | 5,714,000 | 3,722,000 | 6,000,000 | 4,843,000 | 5,962,000 | 4,272,000 | 2,146,000 | 2,527,000 | -2,280,000 | -4,480,000 | -348,000 | 3,436,000 | -1,292,000 | -3,644,000 | ||||||||
gain on modification of naming rights agreement | -9,000,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||
other | 300,000 | 0 | 400,000 | 100,000 | -403,000 | 64,000 | -61,000 | -100,000 | 104,000 | -93,000 | 33,000 | 78,000 | 21,000 | ||||||||||||||||||||||||||||||||||||
changes in operating assets and liabilities: | |||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable | -4,600,000 | 5,500,000 | -10,500,000 | -8,600,000 | 7,900,000 | -18,666,000 | -542,000 | -37,000 | -3,555,000 | -894,000 | 645,000 | 1,609,000 | 5,041,000 | -7,947,000 | 5,182,000 | -2,133,000 | -8,455,000 | 3,514,000 | 6,901,000 | -113,000 | -10,662,000 | 3,225,000 | -3,060,000 | -1,236,000 | 1,239,000 | -6,689,000 | 241,000 | 985,000 | -421,000 | -1,201,000 | 201,000 | -132,000 | 359,000 | 44,000 | -508,000 | 140,000 | 1,296,000 | -195,000 | -226,000 | 1,032,000 | -834,000 | -868,000 | 1,110,000 | -1,326,000 | -562,000 | -169,000 | 968,000 | ||
prepaid expenses | -15,100,000 | 18,600,000 | -5,400,000 | -7,000,000 | -4,500,000 | 1,270,000 | 375,000 | 5,543,000 | -13,888,000 | 2,228,000 | 1,752,000 | -3,613,000 | -6,984,000 | 4,706,000 | 2,847,000 | -9,191,000 | -4,859,000 | 2,914,000 | 5,641,000 | -8,175,000 | -6,255,000 | 2,903,000 | 4,230,000 | -7,134,000 | -4,292,000 | -837,000 | -1,459,000 | -2,109,000 | -1,498,000 | 276,000 | 91,000 | 723,000 | 32,000 | -324,000 | -938,000 | -484,000 | 145,000 | 657,000 | -1,262,000 | -1,105,000 | 786,000 | -168,000 | -1,092,000 | -371,000 | 38,000 | 593,000 | -725,000 | ||
inventory | 100,000 | 100,000 | -200,000 | 438,000 | 249,000 | 182,000 | -151,000 | 39,000 | -49,000 | 385,000 | -251,000 | 1,193,000 | -1,290,000 | 124,000 | 384,000 | 17,000 | 205,000 | -125,000 | -73,000 | 465,000 | -687,000 | 254,000 | -222,000 | 67,000 | -237,000 | -11,000 | -250,000 | -113,000 | 537,000 | -509,000 | 258,000 | 176,000 | -545,000 | 311,000 | 229,000 | 423,000 | -469,000 | 376,000 | 392,000 | -523,000 | 72,000 | 136,000 | -67,000 | 126,000 | |||||
other assets | 2,400,000 | -4,200,000 | -2,100,000 | -500,000 | 300,000 | -1,043,000 | 1,788,000 | -4,017,000 | 572,000 | -27,658,000 | -6,716,000 | -11,980,000 | 2,923,000 | -3,803,000 | -4,796,000 | -2,338,000 | -2,970,000 | -8,533,000 | -960,000 | 1,072,000 | 559,000 | 2,037,000 | -2,644,000 | 688,000 | -1,801,000 | -1,188,000 | 112,000 | -1,777,000 | -702,000 | ||||||||||||||||||||
deferred contract costs | -20,100,000 | -24,000,000 | -20,100,000 | -14,000,000 | -31,400,000 | -35,587,000 | -29,215,000 | -17,558,000 | -37,640,000 | -40,053,000 | -25,115,000 | -23,970,000 | -38,519,000 | -35,806,000 | -28,888,000 | -21,485,000 | -36,261,000 | -35,315,000 | -23,148,000 | -18,318,000 | -26,575,000 | -32,854,000 | -16,434,000 | -12,858,000 | -27,630,000 | -22,550,000 | -16,063,000 | -14,177,000 | -23,414,000 | -20,849,000 | -12,394,000 | ||||||||||||||||||
income taxes | 57,600,000 | -900,000 | -71,000,000 | -49,300,000 | 54,900,000 | -1,550,000 | -20,622,000 | -7,001,000 | 35,673,000 | -7,621,000 | -8,832,000 | -21,288,000 | 24,933,000 | 9,585,000 | -14,948,000 | -23,400,000 | 39,593,000 | -6,202,000 | -2,214,000 | -20,974,000 | 23,424,000 | -1,167,000 | -4,956,000 | -20,277,000 | 19,973,000 | 5,492,000 | 1,104,000 | -14,142,000 | 7,488,000 | 2,494,000 | -854,000 | -2,568,000 | 4,013,000 | 2,200,000 | -5,700,000 | -20,124,000 | 17,269,000 | 3,624,000 | -9,687,000 | -1,211,000 | 13,325,000 | -8,351,000 | -323,000 | -1,422,000 | 4,288,000 | ||||
accounts payable | 2,400,000 | -13,400,000 | 800,000 | 10,800,000 | -14,400,000 | -3,988,000 | 12,997,000 | -2,889,000 | 2,980,000 | 2,976,000 | 2,146,000 | -5,632,000 | -4,645,000 | 7,517,000 | -3,496,000 | 2,249,000 | 5,406,000 | -2,319,000 | -608,000 | 1,464,000 | 803,000 | -2,962,000 | 5,508,000 | -1,425,000 | 408,000 | 749,000 | 314,000 | -33,000 | -1,251,000 | -710,000 | 1,196,000 | 1,542,000 | -1,144,000 | 1,030,000 | -1,349,000 | 2,087,000 | -6,277,000 | 3,789,000 | -1,170,000 | 419,000 | 120,000 | -455,000 | -515,000 | 658,000 | -644,000 | -690,000 | -1,710,000 | ||
accrued commissions and bonuses | -13,900,000 | 3,900,000 | -2,000,000 | 6,700,000 | -13,400,000 | 9,615,000 | 1,150,000 | 2,136,000 | -10,401,000 | 10,069,000 | -1,456,000 | 4,285,000 | -10,845,000 | 9,402,000 | 4,239,000 | 2,750,000 | -10,309,000 | 9,926,000 | 2,513,000 | 3,137,000 | -6,922,000 | 5,763,000 | 1,401,000 | 877,000 | -6,681,000 | 3,911,000 | 532,000 | 3,347,000 | -6,118,000 | 4,217,000 | 2,013,000 | 2,803,000 | 1,546,000 | 2,510,000 | -5,277,000 | 2,622,000 | 2,329,000 | 1,268,000 | -6,903,000 | 4,178,000 | 1,970,000 | 971,000 | -3,512,000 | 2,512,000 | 989,000 | 594,000 | -2,613,000 | ||
accrued payroll and vacation | -17,500,000 | 5,500,000 | -12,500,000 | 9,491,000 | -10,788,000 | 17,833,000 | -13,636,000 | 14,926,000 | -8,817,000 | 13,789,000 | -8,835,000 | 8,954,000 | -5,733,000 | -1,036,000 | 8,579,000 | -1,879,000 | 7,498,000 | -3,994,000 | 8,105,000 | -3,194,000 | 8,774,000 | -2,210,000 | 6,289,000 | -2,802,000 | 6,112,000 | -2,946,000 | 3,765,000 | -2,196,000 | 4,042,000 | -2,427,000 | 4,307,000 | -2,081,000 | 3,239,000 | -1,831,000 | 2,919,000 | -1,911,000 | 142,000 | 1,301,000 | 2,339,000 | -1,208,000 | -858,000 | 1,804,000 | 1,578,000 | -1,083,000 | -827,000 | 1,316,000 | -911,000 | ||
deferred revenue | 3,900,000 | -900,000 | 1,400,000 | 1,000,000 | 4,100,000 | 2,313,000 | -104,000 | 5,321,000 | 6,570,000 | 2,151,000 | 4,085,000 | 3,431,000 | 3,386,000 | 3,405,000 | 5,131,000 | 4,064,000 | 3,390,000 | 3,549,000 | 5,419,000 | 3,465,000 | 2,167,000 | 1,439,000 | 4,500,000 | 2,432,000 | 2,211,000 | 2,879,000 | 3,361,000 | 2,493,000 | 2,860,000 | 3,837,000 | 3,625,000 | 3,412,000 | 2,153,000 | 3,257,000 | 3,363,000 | 2,838,000 | 2,455,000 | 2,826,000 | 3,174,000 | 2,892,000 | 1,783,000 | 3,050,000 | 2,951,000 | 2,259,000 | 1,439,000 | 2,103,000 | 1,943,000 | 1,725,000 | 994,000 |
accrued expenses and other liabilities | 1,500,000 | -22,000,000 | 34,500,000 | -4,000,000 | -4,000,000 | 1,247,000 | 630,000 | -3,565,000 | 2,437,000 | ||||||||||||||||||||||||||||||||||||||||
net change in operating right-of-use assets and operating lease liabilities | 1,400,000 | -3,900,000 | 300,000 | 900,000 | 700,000 | 61,000 | |||||||||||||||||||||||||||||||||||||||||||
net cash from operating activities | 213,800,000 | 196,100,000 | 177,800,000 | 122,500,000 | 182,500,000 | 160,387,000 | 92,781,000 | 132,096,000 | 148,636,000 | 134,468,000 | 98,578,000 | 105,888,000 | 146,103,000 | 128,456,000 | 67,689,000 | 51,727,000 | 117,231,000 | 89,725,000 | 83,194,000 | 56,986,000 | 89,457,000 | 52,879,000 | 66,816,000 | 25,482,000 | 82,030,000 | 47,844,000 | 53,651,000 | 42,342,000 | 80,426,000 | 38,968,000 | 45,492,000 | 42,693,000 | 57,664,000 | 38,180,000 | 37,127,000 | 15,068,000 | 40,225,000 | 24,518,000 | 19,881,000 | 24,606,000 | 29,948,000 | 8,843,000 | 11,350,000 | 9,643,000 | 13,136,000 | 9,036,000 | 7,408,000 | 4,162,000 | 1,731,000 |
capital expenditures | -31,200,000 | -73,500,000 | -98,000,000 | -61,700,000 | -37,700,000 | -51,351,000 | -48,214,000 | -45,607,000 | -47,728,000 | -56,878,000 | -56,244,000 | -37,827,000 | -33,627,000 | -40,637,000 | -24,320,000 | -33,247,000 | -34,474,000 | -33,974,000 | -23,986,000 | -37,402,000 | -25,330,000 | -20,600,000 | -21,044,000 | -26,732,000 | -25,726,000 | -21,854,000 | -36,375,000 | -19,816,000 | -14,889,000 | -15,642,000 | -12,391,000 | 0 | 0 | -16,463,000 | -21,017,000 | -12,773,000 | -9,136,000 | -11,675,000 | -7,790,000 | -15,977,000 | -8,363,000 | -6,399,000 | -5,228,000 | -2,420,000 | -2,502,000 | 0 | -2,670,000 | -4,118,000 | -5,160,000 |
free cash flows | 182,600,000 | 122,600,000 | 79,800,000 | 60,800,000 | 144,800,000 | 109,036,000 | 44,567,000 | 86,489,000 | 100,908,000 | 77,590,000 | 42,334,000 | 68,061,000 | 112,476,000 | 87,819,000 | 43,369,000 | 18,480,000 | 82,757,000 | 55,751,000 | 59,208,000 | 19,584,000 | 64,127,000 | 32,279,000 | 45,772,000 | -1,250,000 | 56,304,000 | 25,990,000 | 17,276,000 | 22,526,000 | 65,537,000 | 23,326,000 | 33,101,000 | 42,693,000 | 57,664,000 | 21,717,000 | 16,110,000 | 2,295,000 | 31,089,000 | 12,843,000 | 12,091,000 | 8,629,000 | 21,585,000 | 2,444,000 | 6,122,000 | 7,223,000 | 10,634,000 | 9,036,000 | 4,738,000 | 44,000 | -3,429,000 |
cash flows from investing activities | |||||||||||||||||||||||||||||||||||||||||||||||||
purchases of investments from funds held for clients | -166,600,000 | -124,000,000 | -246,100,000 | -123,600,000 | -342,200,000 | 26,000 | 0 | 0 | 0 | -25,000,000 | 0 | -34,929,000 | -64,637,000 | -169,152,000 | |||||||||||||||||||||||||||||||||||
proceeds from investments from funds held for clients | 167,000,000 | 250,000,000 | 0 | 35,000,000 | 75,000,000 | 90,000,000 | 0 | 0 | 0 | 25,000,000 | 53,499,000 | 49,731,000 | 143,000,000 | 136,000,000 | |||||||||||||||||||||||||||||||||||
purchases of property and equipment | -31,200,000 | -73,500,000 | -98,000,000 | -61,700,000 | -37,700,000 | -51,351,000 | -48,214,000 | -45,607,000 | -47,728,000 | -56,878,000 | -52,287,000 | -42,804,000 | -40,618,000 | -40,637,000 | -24,320,000 | -33,247,000 | -34,474,000 | -33,974,000 | -23,986,000 | -37,402,000 | -25,330,000 | -20,600,000 | -21,044,000 | -26,732,000 | -25,726,000 | -21,854,000 | -36,375,000 | -19,816,000 | -14,889,000 | -15,642,000 | -12,391,000 | -16,463,000 | -21,017,000 | -12,773,000 | -9,136,000 | -11,675,000 | -7,790,000 | -15,977,000 | -8,363,000 | -6,399,000 | -5,228,000 | -2,420,000 | -2,502,000 | ||||||
net cash from investing activities | -30,800,000 | 48,000,000 | -94,000,000 | -185,300,000 | -379,900,000 | -55,738,000 | -38,140,000 | 29,393,000 | 42,285,000 | -61,070,000 | -52,264,000 | -42,760,000 | -40,618,000 | 8,742,000 | -9,518,000 | 45,116,000 | -67,626,000 | -193,692,000 | -14,195,000 | -57,238,000 | 7,455,000 | 79,890,000 | -7,774,000 | -6,364,000 | -183,629,000 | -141,397,000 | -31,218,000 | 405,472,000 | -452,402,000 | -80,430,000 | -13,991,000 | -312,930,000 | -26,736,000 | 151,192,000 | -101,872,000 | -276,583,000 | 433,483,000 | 75,328,000 | -437,279,000 | -87,207,000 | -78,316,000 | 46,336,000 | 66,863,000 | -269,249,000 | -80,674,000 | 89,472,000 | 41,401,000 | ||
cash flows from financing activities | |||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from borrowings under credit facility | 675,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
repurchases of common stock | -1,054,300,000 | -106,600,000 | 1,000 | -42,040,000 | -211,624,000 | 0 | 0 | 0 | 0 | -44,042,000 | -7,998,000 | -62,331,000 | -1,168,000 | -37,489,000 | -4,204,000 | -27,182,000 | -4,889,000 | ||||||||||||||||||||||||||||||||
withholding taxes paid related to net share settlements | -6,100,000 | -2,100,000 | -4,600,000 | -32,600,000 | -5,200,000 | -7,285,000 | -2,005,000 | -9,358,000 | -3,052,000 | -1,307,000 | -1,553,000 | -10,441,000 | -626,000 | -154,000 | -224,000 | -4,575,000 | -218,000 | -4,431,000 | -28,794,000 | -31,978,000 | -377,000 | -36,712,000 | -2,850,000 | -23,079,000 | -170,000 | 0 | |||||||||||||||||||||||
dividends paid | -17,700,000 | -20,700,000 | -21,200,000 | -21,800,000 | -21,100,000 | -21,113,000 | -21,287,000 | -21,191,000 | -21,209,000 | -21,471,000 | -21,636,000 | ||||||||||||||||||||||||||||||||||||||
proceeds from employee stock purchase plan | 3,600,000 | 2,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||
net change in client funds obligation | -2,512,300,000 | 3,317,100,000 | 203,000,000 | -622,800,000 | -1,426,000,000 | 2,226,028,000 | -863,550,000 | -425,233,000 | 400,355,000 | 426,433,000 | -104,511,000 | -385,181,000 | 183,629,000 | 453,611,000 | -1,671,478,000 | -520,530,000 | 2,099,530,000 | -1,113,400,000 | 934,601,000 | -274,312,000 | 686,190,000 | 91,138,000 | 488,822,000 | -358,844,000 | -270,399,000 | 826,860,000 | -290,890,000 | -278,657,000 | 437,678,000 | 65,040,000 | 2,460,000 | -194,873,000 | 5,959,000 | 296,467,000 | 5,719,000 | ||||||||||||||
net cash from financing activities | -2,911,800,000 | 3,190,200,000 | -38,700,000 | -677,200,000 | -1,452,300,000 | 2,197,631,000 | -928,882,000 | -536,543,000 | 376,094,000 | 163,033,000 | -203,343,000 | -417,353,000 | 183,003,000 | -620,897,000 | 2,098,868,000 | -1,118,275,000 | 905,364,000 | -306,734,000 | 685,369,000 | 53,982,000 | 485,529,000 | -426,409,000 | -279,011,000 | 826,117,000 | -295,133,000 | -297,877,000 | 417,565,000 | 2,132,000 | -1,083,000 | 254,217,000 | -11,898,000 | -191,058,000 | 94,404,000 | 237,727,000 | -459,761,000 | -91,116,000 | 428,692,000 | 80,531,000 | 72,846,000 | -48,985,000 | -69,470,000 | 266,884,000 | 77,771,000 | -92,791,000 | -43,369,000 | ||||
decrease in cash, cash equivalents, restricted cash and restricted cash equivalents | -2,728,800,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents, restricted cash and restricted cash equivalents | |||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents, restricted cash and restricted cash equivalents, beginning of period | 5,132,500,000 | 0 | 0 | 0 | 4,042,800,000 | 40,000 | 0 | 0 | 2,422,760,000 | 0 | 0 | 0 | 2,409,095,000 | 0 | 0 | 0 | 1,812,691,000 | 0 | 0 | 0 | 1,585,275,000 | 0 | 0 | 0 | 1,641,854,000 | 0 | 0 | ||||||||||||||||||||||
cash, cash equivalents, restricted cash and restricted cash equivalents, end of period | 2,403,800,000 | 3,434,300,000 | 45,100,000 | -740,000,000 | 2,393,100,000 | 2,302,320,000 | -874,241,000 | -375,054,000 | 2,989,775,000 | 236,431,000 | -157,029,000 | -354,225,000 | 2,697,583,000 | 590,656,000 | -1,618,671,000 | -524,054,000 | 3,961,164,000 | -1,222,242,000 | 974,363,000 | -306,986,000 | 2,367,556,000 | 186,751,000 | 544,571,000 | -407,291,000 | 1,261,244,000 | 732,564,000 | -272,700,000 | ||||||||||||||||||||||
loss on extinguishment of debt | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||
gain on disposition of property and equipment | 0 | -12,000 | -8,000 | -13,000 | |||||||||||||||||||||||||||||||||||||||||||||
purchases of intangible assets | -4,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of property and equipment | 0 | 0 | 0 | 13,000 | 52,000 | 23,000 | |||||||||||||||||||||||||||||||||||||||||||
payments on long-term debt | 0 | 0 | -28,843,000 | -444,000 | -444,000 | -443,000 | -444,000 | -444,000 | -444,000 | -443,000 | -444,000 | -444,000 | -444,000 | -443,000 | -444,000 | -444,000 | -235,000 | -65,102,000 | -105,000 | ||||||||||||||||||||||||||||||
payment of debt issuance costs | 2,000 | 1,000 | -5,140,000 | 0 | 0 | 0 | -2,000 | -201,000 | 0 | 0 | -143,000 | -32,000 | -56,000 | -27,000 | -11,000 | -12,000 | |||||||||||||||||||||||||||||||||
increase in cash, cash equivalents, restricted cash and restricted cash equivalents | -740,000,000 | -1,649,700,000 | -375,054,000 | 567,015,000 | 236,431,000 | -157,029,000 | -354,225,000 | 288,488,000 | 590,656,000 | -1,618,671,000 | -524,054,000 | 2,148,473,000 | -1,222,242,000 | 974,363,000 | -306,986,000 | 782,281,000 | -407,291,000 | -380,610,000 | |||||||||||||||||||||||||||||||
cash paid for derivative settlement | 0 | 505,000 | -126,000 | -174,000 | -183,000 | -140,000 | -186,000 | -232,000 | -189,000 | -191,000 | -164,000 | -69,000 | -55,000 | -23,000 | -2,000 | -1,000 | -20,000 | -37,000 | |||||||||||||||||||||||||||||||
gain on derivative | -191,000 | -249,000 | |||||||||||||||||||||||||||||||||||||||||||||||
accrued expenses and other current liabilities | 13,504,000 | -3,535,000 | 1,539,000 | 5,892,000 | 32,957,000 | -435,000 | 17,701,000 | 6,859,000 | 1,661,000 | 1,287,000 | -1,198,000 | -1,195,000 | 14,887,000 | -934,000 | 3,372,000 | -321,000 | -4,241,000 | 4,860,000 | -1,131,000 | -1,490,000 | 1,385,000 | -1,644,000 | -103,000 | 7,923,000 | 2,256,000 | 2,453,000 | -443,000 | 2,232,000 | 516,000 | 170,000 | 41,000 | -3,436,000 | 655,000 | 1,150,000 | -20,000 | 2,111,000 | 2,061,000 | 619,000 | -842,000 | 2,188,000 | |||||||||
proceeds from the issuance of debt | |||||||||||||||||||||||||||||||||||||||||||||||||
reconciliation of cash, cash equivalents, restricted cash and restricted cash equivalents | |||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | -52,517,000 | 30,955,000 | 505,590,000 | ||||||||||||||||||||||||||||||||||||||||||||||
restricted cash included in funds held for clients | -104,512,000 | -385,180,000 | 2,191,993,000 | ||||||||||||||||||||||||||||||||||||||||||||||
total cash, cash equivalents, restricted cash and restricted cash equivalents, end of period | -157,029,000 | -354,225,000 | 2,697,583,000 | ||||||||||||||||||||||||||||||||||||||||||||||
supplemental disclosures of cash flow information: | |||||||||||||||||||||||||||||||||||||||||||||||||
non-cash investing and financing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||
purchases of property and equipment, accrued but not paid | -3,957,000 | 4,977,000 | 6,991,000 | ||||||||||||||||||||||||||||||||||||||||||||||
stock-based compensation for capitalized software | 3,777,000 | 4,155,000 | 3,597,000 | ||||||||||||||||||||||||||||||||||||||||||||||
right of use assets obtained in exchange for operating lease liabilities | 4,682,000 | 14,408,000 | 1,933,000 | ||||||||||||||||||||||||||||||||||||||||||||||
loss on derivative | -1,089,000 | -357,000 | -18,000 | 137,000 | -424,000 | -49,000 | 103,000 | 295,000 | 1,644,000 | -333,000 | 413,000 | 836,000 | 540,000 | ||||||||||||||||||||||||||||||||||||
proceeds from issuance of debt | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||
net cash from (provided by) financing activities | |||||||||||||||||||||||||||||||||||||||||||||||||
purchases of short-term investments from funds held for clients | |||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from maturities of short-term investments from funds held for clients | 72,341,000 | 40,000,000 | 75,000,000 | 80,000,000 | 215,388,000 | 23,250,000 | 50,343,000 | 20,000,000 | 15,000,000 | 20,000,000 | 19,700,000 | 14,500,000 | 60,000,000 | ||||||||||||||||||||||||||||||||||||
purchase of short-term investments from funds held for clients | -28,709,000 | -94,836,000 | -47,215,000 | -114,898,000 | -9,980,000 | -29,975,000 | -177,903,000 | -134,543,000 | -14,843,000 | -29,625,000 | -16,800,000 | -7,450,000 | |||||||||||||||||||||||||||||||||||||
cash flows from operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||
amortization of debt discount and debt issuance costs | |||||||||||||||||||||||||||||||||||||||||||||||||
loss on early repayment of debt | |||||||||||||||||||||||||||||||||||||||||||||||||
cash flows from investing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||
cash flows from financing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of long-term debt | 35,500,000 | 0 | 3,347,000 | 2,093,000 | 0 | 1,097,000 | -1,000 | 0 | 2,148,000 | 4,391,000 | |||||||||||||||||||||||||||||||||||||||
debt extinguishment costs | |||||||||||||||||||||||||||||||||||||||||||||||||
accretion of discounts on available-for-sale securities | -279,000 | -202,000 | -165,000 | ||||||||||||||||||||||||||||||||||||||||||||||
withholding taxes paid related to net share settlement | -3,800,000 | -18,760,000 | -19,669,000 | -1,929,000 | -13,132,000 | ||||||||||||||||||||||||||||||||||||||||||||
net change in funds held for clients | -435,213,000 | -296,467,000 | -5,719,000 | ||||||||||||||||||||||||||||||||||||||||||||||
increase in cash and cash equivalents | 45,589,000 | 30,418,000 | -13,491,000 | 22,044,000 | -1,507,000 | ||||||||||||||||||||||||||||||||||||||||||||
beginning of period | 45,718,000 | 0 | 0 | 46,077,000 | 0 | 0 | 60,158,000 | 0 | 0 | 50,714,000 | 0 | 0 | 25,144,000 | 0 | 0 | 13,362,000 | |||||||||||||||||||||||||||||||||
end of period | 91,307,000 | 30,418,000 | -13,491,000 | 68,121,000 | -1,507,000 | -24,798,000 | 92,915,000 | -6,397,000 | 8,818,000 | 72,075,000 | 5,880,000 | 6,994,000 | 35,673,000 | 4,505,000 | 843,000 | 13,125,000 | |||||||||||||||||||||||||||||||||
deposits and other assets | -651,000 | 42,000 | -115,000 | -15,000 | 43,000 | -154,000 | -205,000 | -74,000 | -70,000 | 420,000 | -474,000 | 37,000 | -254,000 | -119,000 | -87,000 | -52,000 | 17,000 | -110,000 | |||||||||||||||||||||||||||||||
principal payments on long-term debt | -444,000 | -34,492,000 | -281,000 | -280,000 | -282,000 | -262,000 | -254,000 | -224,000 | -224,000 | -221,000 | -215,000 | -218,000 | -464,000 | ||||||||||||||||||||||||||||||||||||
net change in cash and cash equivalents | |||||||||||||||||||||||||||||||||||||||||||||||||
beginning of year | |||||||||||||||||||||||||||||||||||||||||||||||||
end of year | |||||||||||||||||||||||||||||||||||||||||||||||||
net change in funds held for clients' cash and cash equivalents | |||||||||||||||||||||||||||||||||||||||||||||||||
decrease in restricted cash | 0 | 0 | 0 | 371,000 | |||||||||||||||||||||||||||||||||||||||||||||
cash paid for interest, net of amounts capitalized | |||||||||||||||||||||||||||||||||||||||||||||||||
cash paid for income taxes | |||||||||||||||||||||||||||||||||||||||||||||||||
noncash investing and financing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||
net loss on disposition of property and equipment | 227,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
increase in funds held for clients | -92,736,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
increase in client funds obligation | 92,736,000 | -91,305,000 | 428,916,000 | -46,561,000 | |||||||||||||||||||||||||||||||||||||||||||||
net increase in cash and cash equivalents | 32,757,000 | 21,361,000 | |||||||||||||||||||||||||||||||||||||||||||||||
write off of debt discount | |||||||||||||||||||||||||||||||||||||||||||||||||
net change in derivative liability | |||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from initial public offering, net of offering costs | |||||||||||||||||||||||||||||||||||||||||||||||||
decrease in funds held for clients | 441,273,000 | 91,305,000 | -428,916,000 | -73,088,000 | 48,756,000 | 68,994,000 | -78,004,000 | 93,589,000 | 46,561,000 | ||||||||||||||||||||||||||||||||||||||||
decrease in client funds obligation | 73,088,000 | -48,756,000 | -68,994,000 | 78,004,000 | |||||||||||||||||||||||||||||||||||||||||||||
change in cash and cash equivalents | -6,397,000 | 2,167,000 | 5,880,000 | 6,994,000 | 10,529,000 | 6,671,000 | 4,505,000 | 843,000 | -237,000 | ||||||||||||||||||||||||||||||||||||||||
write off of debt issuance costs | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||
employee stock purchase plan compensation expense | 123,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
incentive units redeemed | |||||||||||||||||||||||||||||||||||||||||||||||||
payments of deferred offering costs | 1,556,000 | -911,000 | |||||||||||||||||||||||||||||||||||||||||||||||
distributions paid to stockholders | |||||||||||||||||||||||||||||||||||||||||||||||||
stock based compensation for capitalized software | |||||||||||||||||||||||||||||||||||||||||||||||||
amortization of debt discount | -7,000 | 10,000 | 64,000 | ||||||||||||||||||||||||||||||||||||||||||||||
net income on disposition of property and equipment | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||
deferred taxes | -1,284,000 | -129,000 | -101,000 | ||||||||||||||||||||||||||||||||||||||||||||||
capital impact of reorganization | 0 | 0 | -183,000 | ||||||||||||||||||||||||||||||||||||||||||||||
non-cash stock-based compensation | 35,000 | 254,000 | |||||||||||||||||||||||||||||||||||||||||||||||
net change of derivative liability | |||||||||||||||||||||||||||||||||||||||||||||||||
operating activities | |||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of property, plant and equipment | |||||||||||||||||||||||||||||||||||||||||||||||||
stock-based compensation, net expense | |||||||||||||||||||||||||||||||||||||||||||||||||
income tax receivable | -272,000 | 15,000 | -15,000 | 150,000 | |||||||||||||||||||||||||||||||||||||||||||||
deferred tax assets | 977,000 | 1,048,000 | -189,000 | 391,000 | |||||||||||||||||||||||||||||||||||||||||||||
deferred tax liabilities | -132,000 | -22,000 | 0 | 186,000 | |||||||||||||||||||||||||||||||||||||||||||||
investing activities | |||||||||||||||||||||||||||||||||||||||||||||||||
increase in restricted cash | -3,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||
purchases of property, plant and equipment | |||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of property, plant and equipment | |||||||||||||||||||||||||||||||||||||||||||||||||
financing activities | |||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of long-term debt to related party | |||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of common shares | |||||||||||||||||||||||||||||||||||||||||||||||||
distributions paid to stockholders as return of capital | |||||||||||||||||||||||||||||||||||||||||||||||||
supplemental cash flow disclosure | |||||||||||||||||||||||||||||||||||||||||||||||||
noncash activity | |||||||||||||||||||||||||||||||||||||||||||||||||
purchase of property, plant and equipment on account | |||||||||||||||||||||||||||||||||||||||||||||||||
issuance of common stock as return of capital | |||||||||||||||||||||||||||||||||||||||||||||||||
stock-based compensation | 88,000 | 181,000 | 93,000 | ||||||||||||||||||||||||||||||||||||||||||||||
change in fair value of derivative liability | 0 | -472,000 | -635,000 | ||||||||||||||||||||||||||||||||||||||||||||||
income tax payable | 239,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
additions to property, plant and equipment | -2,670,000 | -4,118,000 | -5,160,000 | ||||||||||||||||||||||||||||||||||||||||||||||
proceeds from initial public offering | 646,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
incentive awards redeemed | |||||||||||||||||||||||||||||||||||||||||||||||||
capital contribution | |||||||||||||||||||||||||||||||||||||||||||||||||
distributions received from members | |||||||||||||||||||||||||||||||||||||||||||||||||
distributions paid to members |