Paylocity Holding Corp

For the period ended Mar 31, 2024. Filed May 3, 2024.

About this filing

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 3, 2024

PCTY$177.81+2.7%Stored close · as of Nov 9, 2026

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Contents

Unaudited Consolidated Balance Sheets

(in thousands, except per share data)

	June 30,2023	March 31,2024
Assets
Current assets:
Cash and cash equivalents	$288,767	$492,695
Accounts receivable, net	25,085	33,714
Deferred contract costs	78,109	92,450
Prepaid expenses and other	35,061	36,476
Total current assets before funds held for clients	427,022	655,335
Funds held for clients	2,621,415	3,591,198
Total current assets	3,048,437	4,246,533
Capitalized internal-use software, net	86,127	110,681
Property and equipment, net	64,069	60,773
Operating lease right-of-use assets	44,067	35,705
Intangible assets, net	34,527	30,868
Goodwill	102,054	108,527
Long-term deferred contract costs	294,222	333,393
Long‑term prepaid expenses and other	6,331	7,404
Deferred income tax assets	15,846	19,153
Total assets	$3,695,680	$4,953,037
Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable	$6,153	$5,181
Accrued expenses	143,287	170,575
Total current liabilities before client fund obligations	149,440	175,756
Client fund obligations	2,625,355	3,589,437
Total current liabilities	2,774,795	3,765,193
Long-term operating lease liabilities	62,471	48,888
Other long-term liabilities	3,731	6,008
Deferred income tax liabilities	11,820	33,534
Total liabilities	$2,852,817	$3,853,623
Stockholders’ equity:
Preferred stock, $0.001 par value, 5,000 authorized, no shares issued and outstanding at June 30, 2023 and March 31, 2024	$—	$—
Common stock, $0.001 par value, 155,000 shares authorized at June 30, 2023 and March 31, 2024; 55,912 shares issued and outstanding at June 30, 2023 and 56,427 shares issued and outstanding at March 31, 2024	56	56
Additional paid-in capital	380,632	475,414
Retained earnings	466,690	624,637
Accumulated other comprehensive loss	(4,515)	(693)
Total stockholders' equity	$842,863	$1,099,414
Total liabilities and stockholders’ equity	$3,695,680	$4,953,037

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.