Paycom Software Inc
For the period ended Sep 30, 2024. Filed Oct 31, 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.
Sep 30, 2024 · Filed Oct 31, 2024
PAYC$237.96+0.6%Stored close · as of Nov 10, 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)
| September 30, 2024 | December 31, 2023 | |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $325,757 | $294,025 |
| Accounts receivable | 20,576 | 16,442 |
| Prepaid expenses | 45,979 | 37,613 |
| Inventory | 1,331 | 1,383 |
| Income tax receivable | 10,341 | 18,391 |
| Deferred contract costs | 134,270 | 118,206 |
| Current assets before funds held for clients | 538,254 | 486,060 |
| Funds held for clients | 1,439,651 | 2,327,366 |
| Total current assets | 1,977,905 | 2,813,426 |
| Property and equipment, net | 553,597 | 498,197 |
| Intangible assets, net | 47,183 | 50,112 |
| Goodwill | 51,889 | 51,889 |
| Long-term deferred contract costs | 753,290 | 680,272 |
| Operating lease right-of-use assets | 77,958 | 73,762 |
| Other assets | 30,708 | 29,881 |
| Total assets | $3,492,530 | $4,197,539 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities: | ||
| Accounts payable | $35,044 | $13,875 |
| Accrued commissions and bonuses | 23,377 | 30,492 |
| Accrued payroll and vacation | 49,495 | 56,086 |
| Deferred revenue | 28,885 | 22,812 |
| Operating lease liabilities | 20,124 | 19,236 |
| Accrued expenses and other current liabilities | 63,110 | 64,066 |
| Current liabilities before client funds obligation | 220,035 | 206,567 |
| Client funds obligation | 1,439,648 | 2,328,076 |
| Total current liabilities | 1,659,683 | 2,534,643 |
| Deferred income tax liabilities, net | 140,228 | 143,750 |
| Long-term deferred revenue | 113,371 | 107,657 |
| Long-term operating lease liabilities | 60,660 | 56,713 |
| Other long-term liabilities | 53,936 | 51,740 |
| Total long-term liabilities | 368,195 | 359,860 |
| Total liabilities | 2,027,878 | 2,894,503 |
| Commitments and contingencies (Note 12) | ||
| Stockholders’ equity: | ||
| Common stock, $0.01 par value (100,000 shares authorized, 62,924 and 62,675 shares issued at September 30, 2024 and December 31, 2023, respectively; 55,885 and 56,528 shares outstanding at September 30, 2024 and December 31, 2023, respectively) | 629 | 627 |
| Additional paid-in capital | 697,892 | 724,493 |
| Retained earnings | 1,795,476 | 1,469,981 |
| Accumulated other comprehensive earnings (loss) | (180) | (1,039) |
| Treasury stock, at cost (7,039 and 6,147 shares at September 30, 2024 and December 31, 2023, respectively) | (1,029,165) | (891,026) |
| Total stockholders’ equity | 1,464,652 | 1,303,036 |
| Total liabilities and stockholders’ equity | $3,492,530 | $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.