Adjustments to Total Assets
Adjustments to Current Liabilities
Adjustments to Total Liabilities
Adjustments to Stockholders’ Equity
Adjustments to Capitalization Table
Adjustments to Revenues
Adjustments to Reported Income

Paycom Software Inc., adjusted total assets

US$ in thousands

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
As Reported
Total assets	3,902,513)	3,215,145)	2,607,912)	2,486,917)	1,521,926)
Adjustments
Add: Operating lease right-of-use asset (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	27,199)
After Adjustment
Adjusted total assets	3,902,513)	3,215,145)	2,607,912)	2,486,917)	1,549,125)

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

¹ Operating lease right-of-use asset (before adoption of FASB Topic 842). See details »

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Paycom Software Inc., adjusted current liabilities

US$ in thousands

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
As Reported
Current liabilities	2,377,037)	1,990,410)	1,718,030)	1,753,522)	1,028,682)
Adjustments
Less: Current deferred revenue	19,825)	16,277)	13,567)	11,105)	8,980)
After Adjustment
Adjusted current liabilities	2,357,212)	1,974,133)	1,704,463)	1,742,417)	1,019,702)

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

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Paycom Software Inc., adjusted total liabilities

US$ in thousands

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
As Reported
Total liabilities	2,719,906)	2,321,431)	1,952,269)	1,960,289)	1,187,173)
Adjustments
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	27,199)
Less: Deferred income tax liabilities, net²	141,033)	145,504)	112,598)	91,217)	70,206)
Less: Deferred revenue	117,416)	101,426)	86,826)	76,244)	64,651)
After Adjustment
Adjusted total liabilities	2,461,457)	2,074,501)	1,752,845)	1,792,828)	1,079,515)

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Deferred income tax liabilities, net. See details »

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Paycom Software Inc., adjusted stockholders’ equity

US$ in thousands

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
As Reported
Stockholders’ equity	1,182,607)	893,714)	655,643)	526,628)	334,753)
Adjustments
Less: Noncurrent deferred income tax assets (liabilities), net¹	(141,033)	(145,504)	(112,598)	(91,217)	(70,206)
Add: Deferred revenue	117,416)	101,426)	86,826)	76,244)	64,651)
After Adjustment
Adjusted stockholders’ equity	1,441,056)	1,140,644)	855,067)	694,089)	469,610)

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

¹ Noncurrent deferred income tax assets (liabilities), net. See details »

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Paycom Software Inc., adjusted capitalization table

US$ in thousands

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
As Reported
Current portion of long-term debt	—)	1,775)	1,775)	1,775)	1,775)
Net long-term debt, less current portion	29,000)	27,380)	29,119)	30,858)	32,614)
Total reported debt	29,000)	29,155)	30,894)	32,633)	34,389)
Stockholders’ equity	1,182,607)	893,714)	655,643)	526,628)	334,753)
Total reported capital	1,211,607)	922,869)	686,537)	559,261)	369,142)
Adjustments to Debt
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	27,199)
Add: Operating lease liabilities (included in Accrued expenses and other current liabilities)²	14,986)	10,853)	10,906)	10,265)	—)
Add: Operating lease liabilities (included in Other long-term liabilities)³	26,026)	20,059)	16,990)	18,420)	—)
Adjusted total debt	70,012)	60,067)	58,790)	61,318)	61,588)
Adjustments to Equity
Less: Noncurrent deferred income tax assets (liabilities), net⁴	(141,033)	(145,504)	(112,598)	(91,217)	(70,206)
Add: Deferred revenue	117,416)	101,426)	86,826)	76,244)	64,651)
Adjusted stockholders’ equity	1,441,056)	1,140,644)	855,067)	694,089)	469,610)
After Adjustment
Adjusted total capital	1,511,068)	1,200,711)	913,857)	755,407)	531,198)

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Operating lease liabilities (included in Accrued expenses and other current liabilities). See details »

³ Operating lease liabilities (included in Other long-term liabilities). See details »

⁴ Noncurrent deferred income tax assets (liabilities), net. See details »

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Paycom Software Inc., adjusted revenues

US$ in thousands

12 months ended:	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
As Reported
Revenues	1,375,218)	1,055,524)	841,434)	737,671)	566,336)
Adjustment
Add: Increase (decrease) in deferred revenue	15,990)	14,600)	10,582)	11,593)	13,027)
After Adjustment
Adjusted revenues	1,391,208)	1,070,124)	852,016)	749,264)	579,363)

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

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Paycom Software Inc., adjusted net income

US$ in thousands

12 months ended:	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
As Reported
Net income	281,389)	195,960)	143,453)	180,576)	137,065)
Adjustments
Add: Deferred income tax expense (benefit)¹	(3,210)	32,906)	21,381)	21,011)	21,077)
Add: Increase (decrease) in deferred revenue	15,990)	14,600)	10,582)	11,593)	13,027)
Add: Other comprehensive loss, net of tax	(3,703)	—)	—)	—)	—)
After Adjustment
Adjusted net income	290,466)	243,466)	175,416)	213,180)	171,169)

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

¹ Deferred income tax expense (benefit). See details »

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Paycom Software Inc. (NYSE:PAYC)

Adjustments to Financial Statements

Adjustments to Total Assets

Adjustments to Current Liabilities

Adjustments to Total Liabilities

Adjustments to Stockholders’ Equity

Adjustments to Capitalization Table

Adjustments to Revenues

Adjustments to Reported Income