← Paylocity Holding Corp
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Attributable to Parent | ($3.9m) | $6.7m | $38.6m | $53.8m | $64.5m | $70.8m | $90.8m | $140.8m | $206.8m | $227.1m | |
| Net Income (Loss) Available to Common Stockholders, Basic | ($3.9m) | $6.7m | $38.6m | $53.8m | $64.5m | $70.8m | $90.8m | $140.8m | $206.8m | $227.1m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | — | $38.6m | $53.8m | $64.5m | $70.8m | $90.8m | $140.8m | $206.8m | $227.1m | |
| Depreciation, Depletion and Amortization | $13.9m | $21.0m | $30.2m | $34.6m | $37.9m | $43.0m | $50.2m | $60.9m | $76.4m | $99.6m | |
| Amortization of Debt Issuance Costs | — | — | — | — | $154k | $171k | $185k | $286k | — | — | |
| Amortization of Intangible Assets | $1.5m | $1.5m | $1.7m | $2.3m | $2.5m | $3.8m | $8.8m | $10.9m | $10.4m | $19.1m | |
| Depreciation | $6.9m | $10.1m | $14.2m | $15.4m | $16.1m | $15.9m | $16.2m | $18.5m | $20.7m | $20.6m | |
| Deferred Income Tax Expense (Benefit) | $150k | $152k | ($21.9m) | $4.1m | $2.8m | ($13.6m) | ($7.2m) | $13.5m | $27.8m | ($3.2m) | |
| Share-based Payment Arrangement, Noncash Expense | $17.6m | $26.7m | $30.4m | $38.8m | $47.5m | $63.1m | $96.2m | $147.3m | $146.0m | $142.8m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | $5.9m | $11.3m | $10.6m | $24.2m | $38.9m | $64.2m | $69.8m | $88.3m | $52.5m | $60.0m | |
| Share-based Payment Arrangement, Expense | $17.6m | $26.7m | $30.4m | $38.8m | $47.5m | $63.1m | $96.2m | $147.3m | $146.0m | $142.8m | |
| Goodwill, Impairment Loss | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Gain (Loss) on Disposition of Property Plant Equipment | ($712k) | ($253k) | ($227k) | ($454k) | ($395k) | — | — | — | — | — | |
| Income Tax Expense (Benefit) | $177k | $651k | ($21.8m) | $4.2m | $2.7m | ($13.7m) | ($7.2m) | $17.8m | $70.2m | $81.9m | |
| Changes in operating assets and liabilities: | |||||||||||
| Noncash investing and financing activities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | $725k | $472k | $1.5m | $1.2m | $732k | $1.7m | $7.6m | $9.4m | $8.2m | $3.6m | |
| Accounts Receivable, Credit Loss Expense (Reversal) | $159k | $113k | $296k | $283k | $309k | $316k | $311k | $1.2m | $1.6m | $1.4m | |
| Proceeds from Stock Options Exercised | $137k | $34k | — | $85k | — | $146k | $0 | $0 | — | — | |
| Purchases of property and equipment, accrued but unpaid | $16.1m | $21.3m | $21.7m | $11.3m | $16.6m | $9.5m | $18.1m | $21.9m | $18.0m | $13.1m | |
| Gain (Loss) on Termination of Lease | — | — | — | — | — | — | — | — | $4.3m | — | |
| General and Administrative Expense | $47.6m | $62.1m | $79.3m | $94.6m | $105.2m | $119.8m | $163.7m | $191.8m | $187.4m | $212.9m | |
| Goodwill | $6.0m | $6.0m | $9.6m | $9.6m | $21.7m | $33.6m | $101.9m | $102.1m | $108.9m | $343.1m | |
| Nonoperating Income (Expense) | ($124k) | $73k | $802k | $1.8m | $947k | ($939k) | ($997k) | $3.6m | $16.9m | $5.0m | |
| Operating Expenses | $136.2m | $168.7m | $212.4m | $257.6m | $313.1m | $358.3m | $481.1m | $652.5m | $700.7m | $793.0m | |
| Net Cash Provided by (Used in) Operating Activities | $33.0m | $62.0m | $97.9m | $115.0m | $112.7m | $124.8m | $155.1m | $282.7m | $384.7m | $418.2m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $16.1m | $21.3m | $21.7m | $11.3m | $16.6m | $9.5m | $18.1m | $21.9m | $18.0m | $13.1m | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | $6.7m | — | $16.7m | $15.0m | $107.6m | $0 | $12.0m | $277.9m | |
| Payments for (Proceeds from) Other Investing Activities | — | — | — | — | — | — | $2.5m | $1.1m | $1.1m | $1.3m | |
| Net Cash Provided by (Used in) Investing Activities | ($673.4m) | $259.3m | ($339.4m) | ($43.3m) | ($48.8m) | $48.4m | ($479.8m) | ($220.2m) | ($101.9m) | ($455.5m) | |
| Cash flows from financing activities: | |||||||||||
| Payments for Repurchase of Common Stock | — | — | — | $35.0m | — | — | — | — | $150.0m | $149.6m | |
| Proceeds from (Payments for) Other Financing Activities | — | — | — | — | — | — | — | — | ($72k) | ($408k) | |
| Net Cash Provided by (Used in) Financing Activities | $645.6m | ($304.3m) | $275.2m | $114.7m | $2.1m | $280.5m | $2.2b | ($1.4b) | $141.6m | ($325.8m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | $186.4m | $66.0m | $453.7m | $1.8b | ($1.4b) | $424.4m | ($363.1m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | $1.4b | $1.5b | $1.9b | $3.8b | $2.4b | $2.8b | $2.5b | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | — | — | $438k | $870k | $311k | $404k | $494k | $12.8m | |
| Income Taxes Paid, Net | $3k | $28k | ($53k) | $412k | $84k | ($136k) | $11k | $1.4m | $47.6m | $86.1m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.