Stock Analysis on Net
Stock Analysis on Net

Paycom Software Inc. (NYSE:PAYC)

$22.49

This company has been moved to the archive! The financial data has not been updated since November 2, 2023.

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity

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Paycom Software Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Accounts payable
Accrued commissions and bonuses
Accrued payroll and vacation
Deferred revenue
Current portion of long-term debt
Accrued expenses and other current liabilities
Current liabilities before client funds obligation
Client funds obligation
Current liabilities
Deferred income tax liabilities, net
Long-term deferred revenue
Net long-term debt, less current portion
Other long-term liabilities
Long-term liabilities
Total liabilities
Common stock, $0.01 par value
Additional paid-in capital
Retained earnings
Accumulated other comprehensive loss
Treasury stock, at cost
Stockholders’ equity
Total liabilities and stockholders’ equity

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

Accounts payable
The proportion of accounts payable relative to total liabilities and stockholders’ equity exhibited modest fluctuation between 2018 and 2022, initially decreasing from 0.41% in 2018 to 0.18% in 2021 before returning to 0.41% in 2022, indicating variability in short-term obligations to suppliers.
Accrued commissions and bonuses
This item showed a slight decline from 0.7% in 2018 to 0.5% in 2019, followed by a generally increasing trend up to 0.73% in 2022, reflecting possibly higher accrued compensation liabilities in recent periods.
Accrued payroll and vacation
A consistent upward trend is observed from 0.71% in 2018 to 1.15% in 2022, indicating increasing obligations related to employee benefits and compensated absences.
Deferred revenue
This liability remained relatively stable over the period studied, fluctuating narrowly between 0.45% and 0.59%, suggesting steady amounts of revenue received in advance.
Current portion of long-term debt
A declining share from 0.12% in 2018 to 0.06% in 2021 is noted, with no data reported in 2022, which may imply repayment or reclassification of such debts.
Accrued expenses and other current liabilities
This category increased from 1.47% in 2018 to a peak of 1.97% in 2021, before decreasing to 1.54% in 2022, indicating somewhat volatile short-term accrued costs.
Current liabilities before client funds obligation
The proportion declined from 4% in 2018 to 3.65% in 2019, then rose to 4.47% in 2021, slightly decreasing to 4.34% in 2022, showing moderate variation in current liabilities excluding client-related obligations.
Client funds obligation
This represents the largest single liability, peaking at 66.86% in 2019 and declining steadily thereafter to 56.57% in 2022, denoting a significant but decreasing share of total liabilities and equity accounted for by client-related funds.
Current liabilities
Overall, current liabilities decreased from 67.59% in 2018 to 60.91% in 2022, indicating a relative reduction in short-term obligations within the company’s capital structure.
Deferred income tax liabilities, net
A decreasing trend from 4.61% in 2018 to 3.61% in 2022 was observed, reflecting potential decreases in tax-related deferred liabilities.
Long-term deferred revenue
This item declined gradually from 3.66% in 2018 to 2.5% in 2022, mirroring a slight reduction in long-term deferred income.
Net long-term debt, less current portion
A steady reduction is visible, from 2.14% in 2018 to 0.74% in 2022, implying decreased long-term debt obligations over the period.
Other long-term liabilities
Data starting from 2019 reveals an increase from 0.79% to a peak of 2.27% in 2021, before decreasing to 1.93% in 2022, indicating fluctuating non-specified long-term liabilities.
Long-term liabilities
Total long-term liabilities decreased from 10.41% in 2018 to 8.79% in 2022, with variability within the interim years, signaling a slight downward pressure on long-term obligations.
Total liabilities
A consistent decline is evident from 78% in 2018 to 69.7% in 2022, representing a gradual reduction in total liabilities relative to the company’s overall capital base.
Common stock, $0.01 par value
Remained relatively stable at approximately 0.02% throughout the period, indicating minimal fluctuation or issuance changes.
Additional paid-in capital
This component decreased from 13.38% in 2018 to 10.35% in 2019, followed by a recovery trend, reaching 14.78% in 2022, possibly reflecting equity capital transactions impacting this account.
Retained earnings
A general increasing trend from 25.99% in 2018 up to 30.67% in 2022 suggests accumulation of profits over time, bolstering shareholders' equity.
Accumulated other comprehensive loss
Recorded only in 2022 at -0.09%, indicating minor comprehensive losses affecting equity during the latest reporting period.
Treasury stock, at cost
This negative equity component decreased markedly from -17.42% in 2018 to -12.37% in 2019, then fluctuated near -15% thereafter, reflecting repurchases or other treasury stock activities affecting equity negatively.
Stockholders’ equity
An increasing trend is seen from 22% in 2018 to 30.3% in 2022, driven mainly by rising retained earnings and paid-in capital, indicating strengthening in the equity base relative to liabilities.
Total liabilities and stockholders’ equity
Consistently balanced at 100% each year, confirming the accounting equation integrity across all periods.