Stock Analysis on Net

Paycom Software Inc. (NYSE:PAYC)

This company has been moved to the archive! The financial data has not been updated since November 2, 2023.

Balance Sheet: Assets
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Paycom Software Inc., consolidated balance sheet: assets (quarterly data)

US$ in thousands

Microsoft Excel
Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Cash and cash equivalents 484,028 536,545 505,590 400,730 317,163 279,039 360,594 277,978 230,926 202,362 215,093 151,710 156,398 113,518 181,827 133,667 108,127 94,814 91,307 45,718 85,048 54,630 68,121
Accounts receivable 15,548 16,193 17,802 22,843 14,896 20,078 17,945 9,490 13,004 19,905 19,792 9,130 12,355 9,295 8,059 9,298 2,609 2,850 3,835 3,414 2,213 2,414 2,350
Prepaid expenses 40,561 43,093 40,260 34,056 39,717 37,779 28,588 23,729 26,643 32,284 24,109 17,854 20,757 24,987 17,853 13,561 12,724 11,264 9,156 7,658 7,934 8,025 7,001
Inventory 836 874 887 1,607 1,471 1,647 732 1,131 866 882 1,088 1,151 924 1,376 930 1,158 700 767 910 797 574 477 420
Income tax receivable 10,770 1,938 5,583 15,168 220 16,413 10,211 7,997 10,447 9,280 4,324 4,020 9,512 10,615 3,962 6,456 5,602 3,034
Derivative asset 97 57 13
Deferred contract costs 111,877 107,059 102,374 96,378 90,832 86,048 82,074 76,724 71,559 67,720 64,441 60,819 56,245 53,023 50,513 46,618 43,385 40,868 38,811 35,286 32,465 30,540 28,920
Current assets before funds held for clients 663,620 705,702 666,913 561,197 479,247 424,811 489,933 405,465 353,209 331,150 324,523 251,111 255,959 206,523 259,182 208,322 177,057 161,178 144,019 96,835 134,787 101,745 109,859
Funds held for clients 1,899,346 2,002,492 2,387,778 2,202,975 1,749,115 3,423,181 3,944,363 1,846,573 2,959,973 2,025,372 2,299,684 1,613,494 1,522,357 1,033,535 1,392,379 1,662,778 835,918 1,126,808 1,405,465 967,787 902,747 900,287 1,095,160
Current assets 2,562,966 2,708,194 3,054,691 2,764,172 2,228,362 3,847,992 4,434,296 2,252,038 3,313,182 2,356,522 2,624,207 1,864,605 1,778,316 1,240,058 1,651,561 1,871,100 1,012,975 1,287,986 1,549,484 1,064,622 1,037,534 1,002,032 1,205,019
Property and equipment, net 468,282 444,992 421,017 402,448 383,860 374,940 362,505 348,953 329,296 320,997 301,579 285,218 275,624 266,831 254,423 238,458 224,035 196,371 187,511 176,962 168,397 165,370 159,561
Intangible assets, net 51,088 52,064 53,040 54,017 54,993 55,969 56,999 58,028 59,057 60,087 745 798 852 905
Goodwill 51,889 51,889 51,889 51,889 51,889 51,889 51,889 51,889 51,889 51,889 51,889 51,889 51,889 51,889 51,889 51,889 51,889 51,889 51,889 51,889 51,889 51,889 51,889
Long-term derivative asset 679 435 155
Long-term deferred contract costs 645,611 623,751 602,205 567,974 536,942 511,957 493,530 461,852 430,761 410,700 394,867 371,357 342,436 328,380 316,768 292,134 272,783 259,241 247,135 225,459 207,322 196,778 188,580
Other assets 76,265 70,451 58,780 62,013 58,524 48,956 45,355 42,385 33,853 32,892 34,231 34,843 36,934 34,342 35,084 33,336 30,345 30,705 26,809 2,249 1,567 1,609 2,021
Noncurrent assets 1,293,135 1,243,147 1,186,931 1,138,341 1,086,208 1,043,711 1,010,278 963,107 904,856 876,565 782,566 743,307 706,883 681,442 658,164 615,817 579,052 538,206 513,344 457,304 430,652 416,933 403,111
Total assets 3,856,101 3,951,341 4,241,622 3,902,513 3,314,570 4,891,703 5,444,574 3,215,145 4,218,038 3,233,087 3,406,773 2,607,912 2,485,199 1,921,500 2,309,725 2,486,917 1,592,027 1,826,192 2,062,828 1,521,926 1,468,186 1,418,965 1,608,130

Based on: 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).


Assets: Selected Items

Balance sheet item Description The company
Current assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Paycom Software Inc. current assets decreased from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023.
Property and equipment, net Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Paycom Software Inc. property and equipment, net increased from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023.
Noncurrent assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer. Paycom Software Inc. noncurrent assets increased from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023.
Total assets Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Paycom Software Inc. total assets decreased from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023.

Current Assets: Selected Items

Balance sheet item Description The company
Cash and cash equivalents Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Paycom Software Inc. cash and cash equivalents increased from Q1 2023 to Q2 2023 but then decreased significantly from Q2 2023 to Q3 2023.
Accounts receivable Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection. Paycom Software Inc. accounts receivable decreased from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023.
Inventory Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer. Paycom Software Inc. inventory decreased from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023.