Company name:

Paycom Software Inc

  • IPO SHARE PRICE:
    $15.00
  • IPO DATE:
    April 15, 2014
  • TICKER:
    PAYC
  • MAIN STOCK EXCHANGE:
    New York Stock Exchange
  • CURRENT HQ LOCATION:
    7501 W Memorial Road Oklahoma City Oklahoma 73142
  • FISCAL YEAR END:
    December 31
  • 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

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

Income Statement

Quarterly Annual
(USD in thousand)
Selected Year:
31-Dec
2020
Revenue
Gross receipts in the form of cash (great!) and promises to pay (Account Receivables - not so great as some of them will never be collected but reality of business!) from all its customers
100%
98.1% —

Recurring

1.9% —

Implementation services and other
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Recurring
45,679
45,679
45,679
45,679
45,679
 425,424 557,255 724,428 825,856 825,856 866,988
Implementation services and other
$45,679
$45,679
$45,679
$45,679
$45,679
 7,623 9,081 13,243 15,578 15,578 16,800
Total Revenue
$45,679
$45,679
$45,679
$45,679
$45,679
 $433,047 $566,336 $737,671 $841,434 $841,434 $883,788
Selected Year:
31-Dec
2020
Operating expenses
Cost (labor, materials, depreciation, overhead, etc) for delivering service or manufacturing a product that business sells
77.9%
28.0% —

Sales and marketing

21.2% —

General and administrative

11.6% —

Operating expenses

10.7% —

Research and development

3.3% —

Depreciation and amortization

3.1% —

Depreciation and amortization
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Total cost of revenue
45,679
45,679
45,679
45,679
45,679
 $72,028 $90,763 $109,747 $123,546 $123,546 $132,120
Operating expenses
45,679
45,679
45,679
45,679
45,679
 62,438 76,231 89,336 97,778 97,778 104,508
Sales and marketing
45,679
45,679
45,679
45,679
45,679
 110,846 143,881 179,286 235,716 235,716 249,952
Research and development
45,679
45,679
45,679
45,679
45,679
 30,430 46,247 73,080 90,244 90,244 100,292
General and administrative
45,679
45,679
45,679
45,679
45,679
 80,228 96,605 127,534 178,200 178,200 226,852
Total administrative expenses
45,679
45,679
45,679
45,679
45,679
 231,309 301,858 401,700 531,765 531,765 606,680
Depreciation and amortization
45,679
45,679
45,679
45,679
45,679
 9,590 14,532 20,411 25,768 25,768 27,612
Depreciation
45,679
-
-
-
-
 - - - - - -
Total operating expenses
45,679
45,679
45,679
45,679
45,679
 303,337 392,621 511,447 655,311 655,311 738,800
Selected Year:
31-Dec
2020
Operating Income
Income after excluding Operating Expenses from Total Revenue
22.1%
22.1% —

Operating Income

Key metric that shows earnings potential of the company's business model
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Operating income
$45,679
$45,679
$45,679
$45,679
$45,679
 $129,710 $173,715 $226,224 $186,123 $186,123 $144,988
Selected Year:
31-Dec
2020
Non-operating expenses
Cost usually unrelated to delivering service or manufacturing a product that business sells
0.0%
0.0% —

Other expense or income
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Other expense or income
-
-
-
-
-
 (1,067) 1,762 803 (168) (168) 1,416
Other income
45,679
45,679
45,679
45,679
45,679
 - - - - - -
Loss on early repayment of debt
45,679
45,679
45,679
-
-
 - - - - - -
Total non-operating income (expense)
45,679
45,679
45,679
45,679
45,679
 (1,067) 1,762 803 (168) (168) 1,416
Selected Year:
31-Dec
2020
Earnings before Interest and Taxes (EBIT)
Income after excluding Operating and Non-operating Expenses from Total Revenue
22.1%
22.1% —

EBIT

Another income metric but unlike Operating Income it is closer to the ultimate income metric - Net Income by removing expenses that are not related to earning Revenue as they are supposed to be accidental and transitory
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
EBIT
$45,679
$45,679
$45,679
$45,679
$45,679
 $128,643 $175,477 $227,027 $185,955 $185,955 $146,404
Selected Year:
31-Dec
2020
Interest Expense and Income, Taxes
Expenses driven mostly by company management's choices, nature of business (capital intensive vs not) about financing (debt vs equity) and legal structure
5.1%
0.0% —

Interest expense

5.0% —

Income tax expense or benefit
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Interest expense
45,679
45,679
45,679
45,679
45,679
 (911) (766) (940) (19) (19) -
Income before income taxes
45,679
45,679
45,679
45,679
45,679
 127,732 174,711 226,087 185,936 185,936 146,404
Income tax expense or benefit TEST - ODD
45,679
45,679
45,679
45,679
45,679
 4,246 37,646 45,511 42,483 42,483 48,936
Selected Year:
31-Dec
2020
Net income (loss)
Ultimate measure of Income - Net result after excluding all expenses from Total Revenue
17.0%
17.0% —

Net income (loss)

It is a residue that is left from Total Revenue after paying all kind of expenses and belongs to all equity holders in the company. Some of these shareholders such Non-controlling interest or Preferred equity gets their share before Common shareholders
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Net income (loss)
$45,679
$45,679
$45,679
$45,679
$45,679
 $123,486 $137,065 $180,576 $143,453 $143,453 $97,468
Net income (loss) attributable to non-controlling interests Net income (loss) attributable to non-controlling interests
45,679
45,679
-
-
-
 - - - - - -
Net income (loss) attributable to Company
45,679
45,679
-
-
-
 - - - - - -
Pro forma additional income tax benefit
45,679
45,679
-
-
-
 - - - - - -
Pro Forma Net Income (loss)
45,679
45,679
-
-
-
 - - - - - -

Basic Shares Outstanding
Basic shares outstanding as of certain dates reported by Company on its annual and quarterly filings, these numbers are NOT used calculation of basic EPS. They help to see share issuance by company in perspective
Common
-
-
45,678,795
45,678,795
45,678,795
 59,182,715 58,599,531 58,846,011 60,188,541 60,188,541 60,188,541
Selected Year:
31-Dec
2020
EPS
Net Income / Shares Outstanding = EPS before dilution or Basic EPS; Net Income/ ( Shares Outstanding + potentially available shares from conversion of various option instruments)
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Net Income per basic share
$45,678,795.00
$45,678,795.00
$45,678,795.00
$45,678,795.00
$45,678,795.00
 $2.13 $2.37 $3.14 $2.49 $2.49 $1.68
Net Income per diluted share
$45,678,795.00
$45,678,795.00
$45,678,795.00
$45,678,795.00
$45,678,795.00
 $2.10 $2.34 $3.09 $2.46 $2.46 $1.68