PAYC FY 2017 Earnings Report — Paycom Software, Inc. Revenue & Financial Results | Market Cap Arena

Paycom Software, Inc.PAYC

FY 2017 Earnings

Reported February 14, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$433M	—	$329M	—	31.6%
Op. Income	$130M	—	$102M	—	27.5%
Gross Margin	83.4%	—	83.6%	—	-0.2pp
Net Margin	15.4%	—	13.3%	—	2.1pp
EPS (Diluted)	$1.13	—	$0.74	—	52.7%
Free Cash Flow	$71M	—	$55M	—	29.1%

Revenue Flow

Item	Amount
REVENUE	$433M
Cost of Revenue	$72M
GROSS PROFIT	$361M
R&D Expenses	$30M
Selling & Marketing	$111M
General & Administrative	$80M
SG&A Expenses	$191M
Other Expenses	$10M
Operating Expenses	$231M
Cost & Expenses	$303M
OPERATING INCOME	$130M
Interest Income	$0
Interest Expense	$911.0K
Other Income/Expenses	-$2M
INCOME BEFORE TAX	$128M
Income Tax Expense	$10M
Net Income from Continuing Ops	$123M
Net Income from Discontinued Ops	$0
Other Adjustments	-$315.0K
NET INCOME	$67M
Net Income Deductions	-$940.0K
BOTTOM LINE NET INCOME	$123M
D&A	$19M
EBIT	$129M
EBITDA	$148M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$433M
Cost of Revenue	$72M
GROSS PROFIT	$361M
R&D Expenses	$30M
Selling & Marketing	$111M
General & Administrative	$80M
SG&A Expenses	$191M
Other Expenses	$10M
Operating Expenses	$231M
Cost & Expenses	$303M
OPERATING INCOME	$130M
Interest Income	$0
Interest Expense	$911.0K
Other Income/Expenses	-$2M
INCOME BEFORE TAX	$128M
Income Tax Expense	$10M
Net Income from Continuing Ops	$123M
Net Income from Discontinued Ops	$0
Other Adjustments	-$315.0K
NET INCOME	$67M
Net Income Deductions	-$940.0K
BOTTOM LINE NET INCOME	$123M
D&A	$19M
EBIT	$129M
EBITDA	$148M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$67M
Depreciation & Amortization	$19M
Stock-Based Compensation	$39M
Deferred Income Tax	-$2M
Other Non-Cash Items	$2M
Change in Working Capital	$6M
OPERATING CASH FLOW	$131M
Capital Expenditure	-$59M
Acquisitions (Net)	$0
Purchases of Investments	-$66M
Sales/Maturities of Investments	$141M
Other Investing Activities	$0
NET CASH FROM INVESTING	$16M
Net Debt Issuance	$6M
Common Stock Repurchased	-$57M
Common Dividends Paid	$0
Other Financing Activities	$197M
NET CASH FROM FINANCING	$146M
FREE CASH FLOW	$71M
Net Change in Cash	$291M

Balance Sheet

Item	Amount
Cash & Equivalents	$46M
Short-Term Investments	$0
Net Receivables	$9M
Inventory	$979.0K
Other Current Assets	$1.1B
TOTAL CURRENT ASSETS	$1.2B
PP&E (Net)	$148M
Goodwill	$52M
Intangible Assets	$958.0K
Long-Term Investments	$0
Tax Assets	$3M
Other Non-Current Assets	$170M
TOTAL NON-CURRENT ASSETS	$374M
TOTAL ASSETS	$1.4B
Account Payables	$6M
Short-Term Debt	$888.0K
Deferred Revenue	$7M
Other Current Liabilities	$1.1B
TOTAL CURRENT LIABILITIES	$1.1B
Long-Term Debt	$34M
Deferred Revenue NC	$45M
Deferred Tax Liabilities	$49M
Other Non-Current Liabilities	$554.0K
TOTAL NON-CURRENT LIABILITIES	$80M
TOTAL LIABILITIES	$1.2B
Common Stock	$601.0K
Additional Paid-In Capital	$162M
Retained Earnings	$259M
Treasury Stock	-$140M
Accum. Other Comp. Income	$0
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$281M
Minority Interest	$0
TOTAL EQUITY	$281M
TOTAL LIABILITIES & EQUITY	$1.6B
Total Debt	$35M
Net Debt	-$11M