7Baggers
Quarterly
Annual
    Unit: USD2024-12-31 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 
      
    		              
      cash flows from operating activities:
    		              
      net income
    		-2,048,000 -7,284,000 -18,290,000 6,193,000 -26,249,000 -20,596,000 -29,360,000 -7,340,000 -27,463,000 -29,052,000 -23,819,000 -16,698,000 -25,464,000 -42,036,000 
      adjustments to reconcile net income to net cash from operating activities:
    		              
      depreciation
    		1,397,000 1,451,000 1,424,000 1,467,000 1,486,000 1,511,000 1,219,000 1,175,000 1,196,000 1,200,000 1,344,000 1,665,000 1,730,000 1,718,000 
      amortization of intangible assets and software
    		23,192,000 34,341,000 33,366,000 33,560,000 34,129,000 34,183,000 33,630,000 31,633,000 31,418,000 29,676,000 28,460,000 27,903,000 30,783,000 36,870,000 
      amortization of deferred contract costs
    		19,804,000 18,834,000 17,733,000 16,648,000 15,510,000 14,366,000 13,194,000 12,152,000 11,066,000 10,028,000 9,141,000 8,268,000 7,428,000 6,634,000 
      stock-based compensation expense
    		16,141,000 12,665,000 14,630,000 14,849,000 23,049,000 12,915,000 20,206,000 20,384,000 20,684,000 16,951,000 16,055,000 16,294,000 17,215,000 21,812,000 
      deferred tax benefit
    		755,000 -6,795,000 2,082,000 1,267,000 -2,839,000 -3,098,000 -1,382,000 -754,000 -4,533,000 -5,000,000 -6,713,000 -6,887,000 -8,087,000 -9,253,000 
      bad debt expense
    		2,571,000 730,000 2,008,000 2,067,000 1,579,000 1,291,000 1,482,000 1,210,000 1,461,000 562,000 430,000 569,000 292,000 794,000 
      loss on sale of investments
    		64,000 83,000  138,000 81,000 61,000         
      loss on foreign currency exchange
    		  86,000 182,000 -180,000 184,000  5,000 -48,000 424,000    222,000 
      gain on lease exit
    		 6,000             
      naming rights accretion expense
    		1,006,000 1,006,000 1,006,000 1,005,000 1,031,000 1,030,000 1,030,000 1,884,000 421,000 893,000     
      change in fair value of deferred consideration
    		0 -112,000         0 0   
      other
    		21,000 23,000 14,000 22,000 21,000 23,000 121,000        
      changes in assets and liabilities, net of effects from acquisitions:
    		              
      accounts receivable
    		-11,211,000 -478,000 -1,473,000 -1,121,000 -11,775,000 -5,228,000 -2,529,000 121,000 -9,734,000 -2,450,000 -1,742,000 -922,000 -4,153,000 -316,000 
      prepaid expenses and other assets
    		586,000 -6,641,000 9,445,000 -2,080,000 -1,094,000 -6,393,000 11,591,000 -3,036,000 -1,633,000 -1,841,000     
      accounts payable
    		1,024,000 -6,848,000 7,271,000 -5,271,000 4,670,000 -7,877,000 6,862,000 514,000 4,357,000 1,358,000 2,175,000 -174,000 -787,000 801,000 
      accrued liabilities and other
    		9,157,000 -21,914,000 6,893,000 -3,052,000 10,422,000 -21,314,000 3,027,000 2,181,000 3,437,000 -25,220,000     
      deferred revenue
    		738,000 -626,000 -532,000 935,000 212,000 43,000 -464,000 1,321,000 237,000 -439,000 134,000 1,652,000 476,000 -1,185,000 
      deferred contract costs
    		-26,625,000 -26,700,000 -26,300,000 -27,151,000 -26,818,000 -27,086,000 -26,798,000 -25,748,000 -25,755,000 -21,770,000 -21,112,000 -20,757,000 -19,355,000 -18,338,000 
      net cash from operating activities
    		37,060,000 -8,311,000 50,295,000 39,663,000 26,166,000 -26,129,000 31,730,000 34,883,000 5,603,000 -24,101,000 12,720,000 30,355,000 -1,479,000 -17,245,000 
      capex
    		-587,000 -1,169,000 -1,009,000 -383,000 -633,000 -1,435,000 -1,756,000 -664,000 -2,290,000 -331,000 -125,000 -407,000 -651,000 -803,000 
      free cash flows
    		36,473,000 -9,480,000 49,286,000 39,280,000 25,533,000 -27,564,000 29,974,000 34,219,000 3,313,000 -24,432,000 12,595,000 29,948,000 -2,130,000 -18,048,000 
      cash flows from investing activities:
    		              
      purchases of client funds available-for-sale securities
    		-30,918,000 -83,244,000 -36,123,000 -74,980,000 -129,397,000 -22,542,000 -56,494,000 -45,005,000 -72,264,000 -247,927,000 -33,111,000 -103,189,000 -35,465,000 -39,708,000 
      proceeds from sale and maturities of client funds available-for-sale securities
    		27,917,000 78,135,000 39,088,000 74,681,000 79,801,000 23,652,000 60,571,000 45,080,000 70,910,000 143,107,000 38,769,000 52,694,000 34,977,000 39,932,000 
      purchase of property and equipment
    		-587,000 -1,169,000 -1,009,000 -383,000 -633,000 -1,435,000 -1,756,000 -664,000 -2,290,000 -331,000 -125,000 -407,000 -651,000 -803,000 
      acquisition of intangible assets
    		-1,426,000 -127,000 -3,886,000 -821,000 -4,121,000 -12,000 -674,000 -13,768,000 -361,000 -4,713,000 -5,066,000 -1,453,000 -2,992,000 -195,000 
      acquisition of businesses, net of cash acquired
    		  -70,000 110,000           
      internally developed software costs
    		-13,043,000 -13,441,000 -12,544,000 -12,960,000 -12,054,000 -13,254,000 -11,657,000 -11,928,000 -9,576,000 -9,096,000 -8,130,000 -8,497,000 -6,646,000 -7,524,000 
      net cash from investing activities
    		-18,057,000 -19,846,000 -14,544,000 -14,353,000 -66,432,000 -13,591,000 -15,343,000 -26,287,000 -32,372,000 -118,960,000 -7,663,000 -60,852,000 -10,777,000 -5,258,000 
      cash flows from financing activities:
    		              
      net change in cash and cash equivalents held to satisfy client funds obligations
    		367,946,000 -145,984,000 -313,817,000 93,488,000 286,810,000 -16,270,000 -210,550,000 74,053,000 248,185,000 -775,923,000 -166,548,000 933,374,000 -635,909,000 906,626,000 
      payment of contingent consideration
    		              
      payment of capital expenditure financing
    		  0 0 0 -3,689,000         
      repayments of debt and finance lease obligations
    		-300,000 -297,000 -276,000 -273,000 -270,000 -266,000         
      withholding taxes paid related to net share settlements
    		-1,634,000 -323,000 -457,000 -544,000 -1,411,000 -418,000 -309,000 -423,000 -434,000 -1,293,000     
      proceeds from employee stock purchase plan
    		0 3,444,000 -3,000 3,692,000 0 4,172,000 0 3,985,000 0 4,300,000 1,000    
      net cash from financing activities
    		364,683,000 -143,160,000 -314,553,000 96,363,000 285,129,000 -16,471,000 -211,632,000 77,544,000 247,681,000 -772,641,000 -166,870,000 936,560,000 -638,786,000 1,052,127,000 
      impact of foreign exchange on cash and cash equivalents
    		23,000 -2,000 -6,000 -14,000 10,000 1,000 33,000 -9,000 8,000 -14,000 73,000 -45,000 66,000 -3,000 
      net change in cash, cash equivalents, restricted cash and short-term investments, and funds held for clients
    		383,709,000 -171,319,000 -278,808,000 121,659,000 244,873,000 -56,190,000 -195,212,000 86,131,000 220,920,000 -915,716,000 -161,740,000 906,018,000 -650,976,000 1,029,621,000 
      cash, cash equivalents, restricted cash and short-term investments, and funds held for clients, beginning of period
    		0 910,580,000 0 0 0 879,046,000 0 0 0 1,682,923,000 0    
      cash, cash equivalents, restricted cash and short-term investments, and funds held for clients, end of period
    		383,709,000 739,261,000 -278,808,000 121,659,000 244,873,000 822,856,000 -195,212,000 86,131,000 220,920,000 767,207,000 -161,740,000    
      supplemental disclosure of non-cash investing, financing and other cash flow information:
    		              
      capital expenditures in accounts payable
    		42,000 12,000 28,000 -19,000 28,000 11,000 165,000 -66,000 59,000 9,000 -20,000 7,000 -30,000 48,000 
      cash paid for interest
    		  0 0 0 145,000         
      capital lease asset obtained in exchange for capital lease liabilities
    		   0 0 3,393,000         
      reconciliation of cash, cash equivalents, restricted cash and short-term investments, and funds held for clients to the consolidated balance sheets
    		              
      cash and cash equivalents
    		16,951,000 97,618,000 27,860,000 28,379,000 7,442,000 54,277,000 12,375,000 10,581,000 -25,884,000 98,161,000 -963,000 22,917,000 -14,700,000 125,787,000 
      funds held for clients
    		366,758,000 641,643,000 -306,668,000 93,280,000 237,431,000 768,579,000 -207,587,000 75,550,000 246,804,000 669,046,000 -160,777,000 883,101,000 -636,276,000 1,463,834,000 
      total cash, cash equivalents, restricted cash and short-term investments, and funds held for clients
    		383,709,000 739,261,000 -278,808,000 121,659,000 244,873,000 822,856,000 -195,212,000 86,131,000 220,920,000 767,207,000 -161,740,000 906,018,000 -650,976,000 1,589,621,000 
      (gain) loss on foreign currency exchange
    		 -52,000             
      (gain) loss on sale of investments
    		              
      (gain) on installment sale
    		              
      (gain) loss on lease exit
    		  8,000 5,000 115,000 -144,000         
      proceeds from note receivable on installment sale
    		          0 0 0 3,040,000 
      payment of deferred consideration
    		          0 0   
      proceeds from line-of-credit
    		          0 0 0 3,500,000 
      repayments of line-of-credit
    		          0 0 0 -52,600,000 
      proceeds from the issuance of common stock sold in the ipo, net of offering costs and underwriting discount
    		          0 0   
      redemption of redeemable series a preferred stock
    		          0 0 0 -260,044,000 
      proceeds from exercise of stock options
    		      0 0 0 345,000     
      other financing activities
    		          0 0 0 -395,000 
      capital expenditures purchased via financing arrangements
    		              
      right-of-use assets obtained in exchange for operating lease liabilities
    		              
      change in fair value of contingent consideration
    		   0           
      gain on sale of investments
    		      -15,000 23,000 162,000 47,000 7,000 0 -3,000 -6,000 
      gain on installment sale
    		          0 0 0 -1,359,000 
      gain on foreign currency exchange
    		          208,000 -115,000   
      loss on lease exit
    		      60,000 132,000 309,000 509,000 57,000    
      loss on extinguishment of debt
    		              
      proceeds from promissory note with related party
    		              
      repayment of promissory note with related party
    		              
      proceeds from debt
    		              
      proceeds from issuance of preferred stock, net of offering costs
    		              
      purchase of treasury stock at cost
    		              
      dividends paid to noncontrolling interests
    		              
      acquisition of talenya ltd., net of cash acquired
    		       -2,000       
      repayments of debt and capital lease obligations
    		       -71,000 -70,000 -70,000     
      amortization of debt acquisition costs
    		        21,000 23,000 22,000 22,000 24,000 20,000 
      cash paid during the year for interest
    		          0 0 4,000 150,000 
      gain on extinguishment of debt
    		              
      prepaid expenses and other current assets
    		          2,336,000 1,129,000 -2,538,000 -4,120,000 
      other long-term assets
    		          114,000 80,000 472,000 -218,000 
      accrued liabilities
    		          6,044,000 9,821,000 5,030,000 -8,700,000 
      other long-term liabilities
    		          -421,000 -550,000 -4,398,000 -585,000 
      acquisition of paltech solutions, inc., net of cash acquired
    		              
      capital contribution in apax transaction
    		              
      restricted cash and short-term investments
    		              
      adjustments to reconcile net income to net cash from operating activities
    		              
      repayments of debt
    		              
      reconciliation of cash, cash equivalents, restricted cash and short-term investments, and funds held for clients to the condensed consolidated balance sheets
    		              
      cash, cash equivalents, restricted cash and short-term investments, and funds held for clients, beginning of year
    		            0 560,000,000 
      cash, cash equivalents, restricted cash and short-term investments, and funds held for clients, end of year
    		            -650,976,000 1,589,621,000 
      proceeds from the issuance of common stock sold in the ipo, net of offering costs
    		             455,040,000 
      adjustments to reconcile net income to net cash provided / (used) by operating activities:
    		              
      net cash provided / (used) by operating activities
    		              
      acquisition of paycor, inc.
    		              
      acquisition of nimble software systems, inc., net of cash acquired
    		              
      net cash (used) / provided by investing activities
    		              
      capital contribution (to)/ from apax transaction
    		              
      proceeds from issuance of preferred stock
    		              
      proceeds from issuance of noncontrolling interest
    		              
      net cash provided / (used) by financing activities
    		              
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.