Company name:

Paylocity Holding Corp

  • IPO SHARE PRICE:
    $17.00
  • IPO DATE:
    March 19, 2014
  • TICKER:
    PCTY
  • MAIN STOCK EXCHANGE:
    NASDAQ
  • CURRENT HQ LOCATION:
    1400 American Lane Schaumburg Illinois 60173
  • FISCAL YEAR END:
    June 30
  • INCORPORATION JURISDICTION:
    DE
  • ORGANIZED AS THE FOLLOWING LEGAL TYPE:
    Corporation
  • Investor Relations Webpage:
    Coming soon!
  • TAX RATE:
    USA federal corporate nominal income tax rate is 21%

Short Description

Paylocity Holding Corp

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Statement of Cash Flow

Quarterly Annual
(USD in thousand)
Selected Year:
30-Jun
2020
OPERATING ACTIVITIES
Cash received and spent on operating activites of business — buying materials, paying salaries, receiving payments from clients, etc
37.7% - Net income (loss)
27.7% - Stock-based compensation
22.1% - Depreciation and amortization
10.3% - Accrued expenses
1.6% - Deferred income taxes
0.2% - (Gain) loss on sale of equipment
0.2% - (Recovery of) provision for doubtful accounts
0.1% - Amortization of debt issuance costs
SOURCEs
22.1% 10.3% 27.7% 37.7%
100 %
0%
USES
65.8% 32.1%
32.1% - Deferred contract costs
1.1% - Net accretion of discounts and amortization of premiums on available-for-sale securities
0.5% - Accounts payable
0.4% - Accounts receivable
0.1% - Prepaid expenses and other assets
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Net income (loss)
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 $38,598 $53,823 $64,455 $67,184 $38,568
Depreciation and amortization
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 30,202 34,564 37,913 40,723 43,344
Amortization of debt issuance costs
-
-
-
-
-
-
 - - 154 164 184
Stock-based compensation
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 30,354 38,765 47,493 53,597 66,636
(Recovery of) provision for doubtful accounts
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 296 283 309 478 -
Net accretion of discounts and amortization of premiums on available-for-sale securities Net accretion of discounts and amortization of premiums on available-for-sale securities
-
-
-
-
$45,679
$45,679
 (443) (2,230) (1,836) (529) 488
Deferred income taxes
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 (21,870) 4,134 2,754 (3,686) (14,688)
(Gain) loss on sale of equipment
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 227 454 395 507 -
(Gain) loss on sale of available-for-sale securities
-
-
-
-
$45,679
$45,679
 2 - - - -
Accounts receivable
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 (1,494) (1,188) (732) (1,966) (5,928)
Prepaid expenses and other assets
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 (2,141) 389 (196) (4,357) (4,976)
Deferred contract costs
-
-
-
-
-
$45,679
 - (34,992) (54,944) (55,941) (52,088)
Accounts payable
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 740 (75) (806) 3 (2,164)
Accrued expenses
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 11,641 13,625 17,696 53 13,476
Tenant improvement allowance
-
-
-
$45,679
$45,679
$45,679
 11,754 7,480 - - -
Net cash provided by (used in) operating activities
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 $97,866 $115,032 $112,655 $96,249 $84,956
Selected Year:
30-Jun
2020
INVESTING ACTIVITIES
Cash spent on acquiring plant, equipment and other businesses, cash recei0 from sale of plant, equipment and subsidiaries as well cash parked temporarily in different securities - government bonds typically
89.4% - Sales and maturities of available-for-sale securities
SOURCEs
10.6% 89.4%
100 %
0%
USES
5.6% 3.6% 87.2% 3.6%
87.2% - (Purchases) sale of available-for-sale securities
5.6% - Capitalized internal-use software development costs
3.6% - Acquisition of business net of cash
3.6% - (Purchase) sale of property and equipment
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
(Increase) decrease in funds held for customers
$45,679
$45,679
$45,679
$45,679
$45,679
-
 - - - - -
(Purchases) sale of available-for-sale securities
-
-
-
-
-
$45,679
 (196,597) (250,685) (400,343) (146,393) -
Sales and maturities of available-for-sale securities
-
-
-
-
-
$45,679
 73,044 246,243 410,593 344,809 86,012
Sales and maturities of available-for-sale securities from customer funds Sales and maturities of available-for-sale securities from customer funds
-
-
-
-
$45,679
-
 - - - - -
(Purchase) sale of property and equipment
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 (21,676) (11,280) (16,578) (10,225) (16,000)
Capitalized internal-use software development costs
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 (15,638) (20,142) (25,715) (28,408) (27,792)
Acquisitions
$45,679
$45,679
$45,679
$45,679
-
-
 - - - - -
Acquisition of a business net of cash and customer funds Acquisition of a business net of cash and customer funds
-
-
-
-
-
$45,679
 (6,658) - - - -
Acquisition of business net of cash
-
-
-
-
$45,679
-
 (6,658) - (16,714) (31,706) (59,968)
Lease allowances used for tenant improvements
-
-
-
$45,679
$45,679
$45,679
 (11,754) (7,480) - - -
Net cash provided by (used in) investing activities
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 ($179,279) ($43,344) ($48,757) $128,077 ($17,748)
Selected Year:
30-Jun
2020
FINANCING ACTIVITIES
Items in this group are concerned with borrowing funds, repaying debt, issuing equity, buying back shares, etc.
91.8% - Borrowing under Revolving Credit Facility
8.2% - Proceeds (payments) related to employee stock compensation plans (ESPP)
SOURCEs
0.0% 91.8% 8.2%
100 %
0%
USES
1.9% 61.7% 35.8%
61.7% - Net change in customer fund obligations
35.8% - Employee withholding taxes paid on share-based compensation
0.6% - Debt issuance costs
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Initial Public Offering (IPO) net
$45,679
$45,679
$45,679
-
-
-
 - - - - -
Secondary (Follow-on) Public Offering net
-
$45,679
$45,679
$45,679
-
-
 - - - - -
Issuance of redeemable convertible preferred units - Series B Issuance of redeemable convertible preferred units - Series B
$45,679
-
-
-
-
-
 - - - - -
Proceeds from issuance of common stock upon exercise of stock options Proceeds from issuance of common stock upon exercise of stock options
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 - 85 - - -
Proceeds (payments) related to employee stock compensation plans (ESPP) Proceeds (payments) related to employee stock compensation plans (ESPP)
-
$45,679
$45,679
$45,679
$45,679
$45,679
 4,304 5,982 8,901 11,040 24,400
Initial public offering costs
-
$45,679
$45,679
$45,679
-
-
 - - - - -
Borrowing under Revolving Credit Facility
-
-
-
-
-
-
 - - 100,000 100,000 -
Repayment of long-term borrowing
$45,679
$45,679
$45,679
-
-
-
 - - - - -
Debt issuance costs
-
-
-
-
-
-
 - - (701) (43) (32)
Net change in customer fund obligations
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 281,467 168,855 (67,165) 358,992 3,301,244
Contingent consideration payment
-
-
-
-
-
$45,679
 - (1,000) - - -
Employee withholding taxes paid on share-based compensation Employee withholding taxes paid on share-based compensation
-
$45,679
$45,679
$45,679
$45,679
$45,679
 (10,554) (24,207) (38,943) (57,738) (45,388)
Excess tax benefit from stock-based compensation
-
-
-
$45,679
$45,679
$45,679
 - - - - -
Capital contribution in cash form
$45,679
$45,679
$45,679
-
-
-
 - - - - -
Repurchases of common stock
-
-
-
-
-
$45,679
 - (34,991) - - -
Payments for redemption of common shares
$45,679
$45,679
-
-
-
-
 - - - - -
Net cash provided by (used in) financing activities
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 $275,217 $114,724 $2,092 $412,251 $3,280,224
Selected Year:
30-Jun
2020
NET CHANGE IN CASH
Grand Total for sum of cash flows coming from operations, investing and financing
$65,990,000
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Cash and equivalents - Beginning of period
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 $1,045,927 $1,239,731 $1,426,143 $3,126,585 -
(Decrease) increase in cash and cash equivalents
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 193,804 186,412 65,990 636,577 3,347,432
Cash and equivalents - End of period
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 $1,239,731 $142,614 $1,492,133 $3,620,843 $3,347,432