Company name:
Paycom Software Inc
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IPO SHARE PRICE:$15.00
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IPO DATE:April 15, 2014
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TICKER:PAYC
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MAIN STOCK EXCHANGE:New York Stock Exchange
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CURRENT HQ LOCATION:7501 W Memorial Road Oklahoma City Oklahoma 73142
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FISCAL YEAR END:December 31
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INCORPORATION JURISDICTION:DE
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ORGANIZED AS THE FOLLOWING LEGAL TYPE:Corporation
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Investor Relations Webpage:Coming soon!
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TAX RATE:USA federal corporate nominal income tax rate is 21%
Short Description
Paycom Software Inc
We are working hard and as soon as possible to provide company description soon. Feel free to reach out to request it sooner: improve@real-clear-investing.com
Statement of Cash Flow
(USD in thousand)
Selected Year:
31-Dec
2020
2020
OPERATING ACTIVITIES
Cash received and spent on operating activites of business — buying materials, paying salaries, receiving payments from clients, etc
43.0% -
Net income (loss)
27.0% -
Stock-based compensation
16.0% -
Depreciation and amortization
6.4% -
Deferred income taxes
3.2% -
Deferred revenue
2.9% -
Accrued compensation and employee benefits
0.6% -
(Gain) loss on derivative
0.5% -
Accounts payable
0.4% -
Accrued commissions and bonuses
0.1% -
Accounts receivable
0.0% -
Amortization of debt issuance costs
SOURCEs
16.0%
3.2%
6.4%
27.0%
43.0%
100 %
0%
USES
68.1%
26.9%
26.9% -
Deferred contract costs
1.9% -
Income taxes
1.3% -
Prepaid expenses and other assets
0.6% -
Accrued expenses and other liabilities
0.5% -
Other assets
0.5% -
Net accretion of discounts and amortization of premiums on available-for-sale securities
0.2% -
Net cash provided by (used for) settlement of derivative instruments
0.0% -
Inventory
|
|
|
|
|
|
|
|
|
|
|
|
|
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (loss) | $137,065 | $180,576 | $143,453 | $143,453 | $97,468 | ||||||
|
Depreciation and amortization
|
29,657 | 42,211 | 53,373 | 53,373 | 57,200 | ||||||
|
Amortization of debt issuance costs
|
32 | 35 | 36 | 36 | 36 | ||||||
|
Amortization of debt original issue discount and issuance cost
Amortization of debt original issue discount and issuance cost
|
32 | 35 | - | - | - | ||||||
|
Stock-based compensation
|
36,576 | 47,268 | 90,108 | 90,108 | 134,308 | ||||||
|
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
|
(1,112) | (940) | (1,563) | (1,563) | (756) | ||||||
|
Deferred income taxes
|
21,077 | 21,011 | 21,381 | 21,381 | 40,708 | ||||||
|
Net cash provided by (used for) settlement of derivative instruments
Net cash provided by (used for) settlement of derivative instruments
|
(188) | (81) | (613) | (613) | (756) | ||||||
|
(Gain) loss on sale of property and equipment
|
- | - | - | - | - | ||||||
|
(Gain) loss on sale of property plant and equipment
|
- | - | - | - | - | ||||||
|
Loss on write-off of debt discount
|
- | - | - | - | - | ||||||
|
Loss on write-off of debt issuance costs
|
- | - | - | - | - | ||||||
|
(Gain) loss on repayment of debt
|
- | - | - | - | - | ||||||
|
(Gain) loss on derivative
|
(479) | 1,456 | 1,993 | 1,993 | (196) | ||||||
|
Change in fair value of derivative
|
- | - | - | - | - | ||||||
|
Accounts receivable
|
(1,838) | (5,884) | 168 | 168 | 12,900 | ||||||
|
Income tax receivable
|
- | - | - | - | - | ||||||
|
Inventory
|
(306) | (403) | (41) | (41) | (292) | ||||||
|
Prepaid expenses and other assets
|
(2,676) | (5,903) | (4,293) | (4,293) | 11,612 | ||||||
|
Deferred contract costs
|
(60,730) | (76,204) | (89,776) | (89,776) | (131,416) | ||||||
|
Deposits and other assets
|
(762) | - | - | - | - | ||||||
|
Other assets
|
(762) | (3,555) | (1,720) | (1,720) | 8,148 | ||||||
|
Accounts payable
|
1,079 | (221) | 1,529 | 1,529 | (11,848) | ||||||
|
Accrued commissions and bonuses
|
1,086 | 1,672 | 1,360 | 1,360 | 23,052 | ||||||
|
Accrued compensation and employee benefits
|
3,726 | 4,129 | 9,659 | 9,659 | (12,776) | ||||||
|
Accrued expenses and other liabilities
|
6,498 | 7,561 | (2,002) | (2,002) | (16,964) | ||||||
|
Income taxes
|
3,085 | (58) | (6,427) | (6,427) | (4,668) | ||||||
|
Deferred revenue
|
13,027 | 11,593 | 10,582 | 10,582 | 5,756 | ||||||
| Net cash provided by (used in) operating activities | $184,817 | $224,263 | $227,207 | $227,207 | $211,516 |
Selected Year:
31-Dec
2020
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
72.4% -
Maturities of marketable securities from customer funds
SOURCEs
27.6%
72.4%
100 %
0%
USES
22.0%
78.0%
78.0% -
(Purchases) sale of marketable securities from customer funds
22.0% -
(Purchase) sale of property and equipment
|
|
|
|
|
|
|
|
|
|
|
|
|
|---|---|---|---|---|---|---|---|---|---|---|---|
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(Increase) decrease in funds held for customers
|
112,037 | - | - | - | - | ||||||
|
(Increase) decrease in restricted cash and deposits
|
- | - | - | - | - | ||||||
|
(Purchases) sale of marketable securities from customer funds
(Purchases) sale of marketable securities from customer funds
|
(145,011) | (195,811) | (332,756) | (332,756) | (459,592) | ||||||
|
Maturities of marketable securities from customer funds
Maturities of marketable securities from customer funds
|
155,500 | 69,200 | 308,981 | 308,981 | 861,552 | ||||||
|
(Purchase) sale of property plant and equipment
|
- | - | - | - | - | ||||||
|
(Purchase) sale of property and equipment
|
(59,906) | (92,934) | (94,102) | (94,102) | (82,400) | ||||||
| Net cash provided by (used in) investing activities | $62,620 | ($219,545) | ($117,877) | ($117,877) | $319,560 |
Selected Year:
31-Dec
2020
2020
FINANCING ACTIVITIES
Items in this group are concerned with borrowing funds, repaying debt, issuing equity, buying back shares, etc.
SOURCEs
0%
100 %
0%
USES
29.7%
37.9%
31.4%
37.9% -
Employee withholding taxes paid on share-based compensation
31.4% -
Repurchases of common stock
29.7% -
Net change in customer fund obligations
1.1% -
Repayment of long-term borrowing
|
|
|
|
|
|
|
|
|
|
|
|
|
|---|---|---|---|---|---|---|---|---|---|---|---|
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Initial Public Offering (IPO) net
|
- | - | - | - | - | ||||||
|
Issuance of common stock
|
- | - | - | - | - | ||||||
|
Incentive units redeemed
|
- | - | - | - | - | ||||||
|
Deferred offering costs
|
- | - | - | - | - | ||||||
|
Long-term borrowing
|
- | - | - | - | - | ||||||
|
Long-term borrowing (repayment) related party
|
- | - | - | - | - | ||||||
|
Repayment of long-term borrowing
|
(888) | (1,775) | (1,775) | (1,775) | (1,776) | ||||||
|
Debt issuance costs
|
(58) | (16) | - | - | - | ||||||
|
Debt repayment costs
|
- | - | - | - | - | ||||||
|
Net change in customer fund obligations
|
(121,414) | 694,991 | (49,283) | (49,283) | 364,552 | ||||||
|
Employee withholding taxes paid on share-based compensation
Employee withholding taxes paid on share-based compensation
|
(20,248) | (42,528) | (62,811) | (62,811) | (146,848) | ||||||
|
Cash distributions to stockholders
|
- | - | - | - | - | ||||||
|
Distributions paid to stockholders as return of capital
Distributions paid to stockholders as return of capital
|
- | - | - | - | - | ||||||
|
Repurchases of common stock
|
(105,188) | - | (52,040) | (52,040) | - | ||||||
| Net cash provided by (used in) financing activities | ($247,796) | $650,672 | ($165,909) | ($165,909) | $215,928 |
Selected Year:
31-Dec
2020
2020
NET CHANGE IN CASH
Grand Total for sum of cash flows coming from operations, investing and financing
($56,579,000)