Paycom Software Inc
For the period ended Mar 31, 2024. Filed May 2, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 2, 2024
PAYC$236.46-0.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Unaudited Consolidated Balance Sheets
(in thousands, except per share amounts)
| March 31, 2024 | December 31, 2023 | |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $371,325 | $294,025 |
| Accounts receivable | 19,997 | 16,442 |
| Prepaid expenses | 50,809 | 37,613 |
| Inventory | 1,807 | 1,383 |
| Income tax receivable | — | 18,391 |
| Deferred contract costs | 124,397 | 118,206 |
| Current assets before funds held for clients | 568,335 | 486,060 |
| Funds held for clients | 2,727,991 | 2,327,366 |
| Total current assets | 3,296,326 | 2,813,426 |
| Property and equipment, net | 520,182 | 498,197 |
| Intangible assets, net | 49,136 | 50,112 |
| Goodwill | 51,889 | 51,889 |
| Long-term deferred contract costs | 712,935 | 680,272 |
| Other assets | 102,796 | 103,643 |
| Total assets | $4,733,264 | $4,197,539 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities: | ||
| Accounts payable | $20,969 | $13,875 |
| Income tax payable | 17,282 | — |
| Accrued commissions and bonuses | 20,091 | 30,492 |
| Accrued payroll and vacation | 42,497 | 56,086 |
| Deferred revenue | 27,604 | 22,812 |
| Accrued expenses and other current liabilities | 85,438 | 83,302 |
| Current liabilities before client funds obligation | 213,881 | 206,567 |
| Client funds obligation | 2,728,431 | 2,328,076 |
| Total current liabilities | 2,942,312 | 2,534,643 |
| Deferred income tax liabilities, net | 133,454 | 143,750 |
| Long-term deferred revenue | 109,435 | 107,657 |
| Other long-term liabilities | 110,000 | 108,453 |
| Total long-term liabilities | 352,889 | 359,860 |
| Total liabilities | 3,295,201 | 2,894,503 |
| Commitments and contingencies (Note 12) | ||
| Stockholders’ equity: | ||
| Common stock, $0.01 par value (100,000 shares authorized, 62,719 and 62,675 shares issued at March 31, 2024 and December 31, 2023, respectively; 56,557 and 56,528 shares outstanding at March 31, 2024 and December 31, 2023, respectively) | 627 | 627 |
| Additional paid-in capital | 634,818 | 724,493 |
| Retained earnings | 1,697,191 | 1,469,981 |
| Accumulated other comprehensive earnings (loss) | (495) | (1,039) |
| Treasury stock, at cost (6,162 and 6,147 shares at March 31, 2024 and December 31, 2023, respectively) | (894,078) | (891,026) |
| Total stockholders’ equity | 1,438,063 | 1,303,036 |
| Total liabilities and stockholders’ equity | $4,733,264 | $4,197,539 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.