PAYCHEX INC
For the period ended May 31, 2024. Filed Jul 11, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Jul 11, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 2. Properties
We owned and leased the following properties as of May 31, 2024:
| Square feet | |
|---|---|
| Owned facilities: | |
| Rochester, New York | 832,000 |
| Other U.S. locations | 30,000 |
| Total owned facilities | 862,000 |
| Leased facilities: | |
| Rochester, New York | 53,000 |
| Other U.S. locations | 895,000 |
| International locations | 179,000 |
| Total leased facilities | 1,127,000 |
Our facilities in Rochester, New York house various distribution, processing, and technology functions, certain ancillary functions, a telemarketing unit, and other back-office functions. Facilities outside of Rochester, New York are in various locations throughout the U.S. and house our service centers, fulfillment centers and sales functions. Our International locations primarily house our European operations in Denmark and Germany and locations in India house information technology, service, and sales support functions.
During the fourth quarter of fiscal 2024, the Company focused on cost optimization initiatives, including further consolidation of our geographic footprint. As such, the Company ceased the use of certain leased properties in Rochester, New York and Other U.S. locations. We believe that adequate, suitable lease space will continue to be available to meet our needs.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.