Balance Sheet

Quarterly Annual

7.7% 77.3%

Selected Year:

31-Dec
2020

Most valuable part of Current Assets is Cash and Marketable Securities which should be watched carefully; at the same time high and growing level of Accounts Receivables is very dangerous sign

87.5%

Liquidity

	2013 30-Jun	2014 30-Jun	2015 30-Jun	2016 30-Jun	2017 30-Jun	2018 30-Jun	2019 30-Jun	2020 30-Jun	Selected Year: 2020 31-Dec
The most liquid asset, however, most companies don't keep much of it and invest excess cash into marketable securities such as Government bonds - in the US - Treasuries Cash and cash equivalents	$45,679	$45,679	$45,679	$45,679	$45,679	$137,193	$132,476	$250,851	$218,696
Accounts Receivable	$45,679	$45,679	$45,679	$45,679	$45,679	3,453	4,358	4,923	6,118
Deferred tax assets	$45,679	$45,679	$45,679	-	-	-	-	-	-
Prepaid expenses and other current assets	$45,679	$45,679	$45,679	$45,679	$45,679	11,248	13,895	13,188	15,633
Deferred contract costs	-	-	-	-	-	-	21,677	32,332	37,447
Corporate investments	-	-	-	-	-	732	29,314	34,556	13,637
Total current assets before customer funds	$45,679	$45,679	$45,679	$45,679	$45,679	152,626	201,720	335,850	291,531
Customer funds	$45,679	$45,679	$45,679	$45,679	$45,679	1,225,614	1,394,469	1,327,304	2,204,286
Total current assets	$45,679	$45,679	$45,679	$45,679	$45,679	$1,378,240	$1,596,189	$1,663,154	$2,495,817

5.1%

Selected Year:

31-Dec
2020

Non-current assets characterize company's business: high Property, Plant, and Equipment means that company is in capital-intensive industry which typically is very cyclical (earnings fluctuate a lot); watch out for high level of Goodwill and other non-intangibles which is bad sign as they typically worth very low relative to their value shown on the balance sheet

12.5%

	2013 30-Jun	2014 30-Jun	2015 30-Jun	2016 30-Jun	2017 30-Jun	2018 30-Jun	2019 30-Jun	2020 30-Jun	Selected Year: 2020 31-Dec
Property and equipment net	45,679	45,679	45,679	45,679	45,679	62,029	70,056	66,737	64,066
Capitalized internal-use software net	-	45,679	45,679	45,679	45,679	21,094	27,486	36,501	40,623
Capitalized software development cost net	45,679	-	-	-	-	-	-	-	-
Operating lease - right-of-use assets	-	-	-	-	-	-	-	48,658	45,429
Deferred tax assets	-	-	-	-	45,679	22,140	6,472	4,955	9,516
Deferred contract acquisition costs	-	-	-	-	-	-	81,422	125,711	144,027
Long-term prepaid expenses	45,679	45,679	45,679	45,679	45,679	-	-	-	-
Prepaid and other long-term assets	-	-	-	-	-	1,504	1,975	4,917	3,218
Intangible assets	45,679	45,679	45,679	45,679	45,679	13,002	10,751	13,360	15,083
Goodwill	45,679	45,679	45,679	45,679	45,679	9,590	9,590	21,655	33,184
Total non-current assets	45,679	45,679	45,679	45,679	45,679	129,359	207,752	322,494	355,146

Total assets

45,679

$1,507,599

$1,803,941

$1,985,648

$2,850,963

77.3% 3.5% 6.5% 7.8%

Selected Year:

31-Dec
2020

Current Liabilities represent company's short-term dues to others. The most important part to watch for is short-term debt and accounts payables

79.7%

	2013 30-Jun	2014 30-Jun	2015 30-Jun	2016 30-Jun	2017 30-Jun	2018 30-Jun	2019 30-Jun	2020 30-Jun	Selected Year: 2020 31-Dec
Accounts payable	$45,679	$45,679	$45,679	$45,679	$45,679	$2,990	$3,954	$1,755	$2,771
Taxes payable	$45,679	$45,679	-	-	-	-	-	-	-
Accrued expenses	$45,679	$45,679	$45,679	$45,679	$45,679	42,241	57,625	79,881	64,204
Consideration related to acquisitions	$45,679	$45,679	$45,679	-	-	-	-	-	-
Current maturities of long-term debt	$45,679	-	-	-	-	-	-	-	-
Total current liabilities before customer fund obligations	$45,679	$45,679	$45,679	$45,679	$45,679	45,231	61,579	81,636	66,975
Customer deposits	$45,679	$45,679	$45,679	$45,679	$45,679	1,225,614	1,394,469	1,327,304	2,204,286
Total current liabilities	$45,679	$45,679	$45,679	$45,679	$45,679	$1,270,845	$1,456,048	$1,408,940	$2,271,261

Selected Year:

31-Dec
2020

The most critical items are revolving credit facility, term loans, and then notes - any forms of debt; in addition, pay attention to items like pension liabilites and leases- hidden debt

6.0%

	2013 30-Jun	2014 30-Jun	2015 30-Jun	2016 30-Jun	2017 30-Jun	2018 30-Jun	2019 30-Jun	2020 30-Jun	Selected Year: 2020 31-Dec
Deferred tax liability	$45,679	$45,679	$45,679	$45,679	$45,679	-	6,943	8,754	-
Deferred rent	$45,679	$45,679	$45,679	$45,679	$45,679	22,812	31,263	-	-
Long-term debt	$45,679	-	-	-	-	-	-	100,000	100,000
Operating leases	-	-	-	-	-	-	-	73,299	69,672
Other non-current liabilities	-	-	-	-	$45,679	1,118	1,723	1,747	1,812
Total long-term liabilities	$45,679	$45,679	$45,679	$45,679	$45,679	$23,930	$39,929	$183,800	$171,484

Total Liabilities

$45,679

$1,294,775

$1,495,977

$1,592,740

$2,442,745

Selected Year:

31-Dec
2020

It's residue that is owned by shareholders after satisfying all of the liabilities with all of the assets; the larger the amount, the better the business is

14.3%

	2013 30-Jun	2014 30-Jun	2015 30-Jun	2016 30-Jun	2017 30-Jun	2018 30-Jun	2019 30-Jun	2020 30-Jun	Selected Year: 2020 31-Dec
Redeemable convertible preferred stock and Series A cumulative dividend	$45,679	-	-	-	-	-	-	-	-
Preferred Stock	$45,679	$45,679	$45,679	$45,679	$45,679	-	-	-	-
Common stock	$45,679	$45,679	$45,679	$45,679	$45,679	53	53	54	54
Series B cumulative dividend	$45,679	-	-	-	-	-	-	-	-
Retained earnings	-	-	-	-	-	(6,678)	99,817	164,272	186,374
Accumulated deficit	$45,679	$45,679	$45,679	$45,679	$45,679	-	-	-	-
Additional paid-in capital	$45,679	$45,679	$45,679	$45,679	$45,679	219,588	207,982	227,907	221,525
Accumulated other comprehensive income	-	-	-	-	-	-	112	675	265
Accumulated other comprehensive (loss) income	-	-	-	-	-	(139)	112	-	-
Accumulated other comprehensive loss	-	-	-	-	$45,679	-	-	-	-
Total Equity	$45,679	$45,679	$45,679	$45,679	$45,679	$212,824	$307,964	$392,908	$408,218

Total Liabilities and Equity

$45,679

$1,507,599

$1,803,941

$1,985,648

$2,850,963

Paylocity Holding Corp

Short Description

Balance Sheet

Customer funds

Cash and cash equivalents

Deferred contract costs

Prepaid expenses and other current assets

Corporate investments

Accounts Receivable

Deferred contract acquisition costs

Property and equipment net

Operating lease - right-of-use assets

Capitalized internal-use software net

Goodwill

Intangible assets

Deferred tax assets

Prepaid and other long-term assets

Customer deposits

Accrued expenses

Accounts payable

Long-term debt

Operating leases

Other non-current liabilities

Additional paid-in capital

Retained earnings

Accumulated other comprehensive income

Common stock