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
Quarterly Data

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

Microsoft Excel
Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Accounts payable
Income tax 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
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-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

Accounts payable
Accounts payable as a percentage of total liabilities and stockholders’ equity showed modest fluctuations over the observed periods, generally ranging between 0.18% and 0.41%. There is no clear upward or downward trend, but the values tend to oscillate within a narrow range, indicating relative stability in this liability component.
Income tax payable
This item appears sporadically with missing data in many periods. When reported, it varied between 0.17% and 0.69%, with occasional peaks but no sustained trend, suggesting variability in income tax obligations or reporting timing.
Accrued commissions and bonuses
This liability fluctuated noticeably over time, ranging from a low of 0.2% to a high of 0.73%. The pattern shows cycles of increase and decrease, with higher values commonly observed in the year-end periods, potentially reflecting seasonal compensation accruals aligned with performance cycles.
Accrued payroll and vacation
The accrued payroll and vacation percentages generally trended upward, moving from around 0.6% in early 2018 to values exceeding 1.0% in later periods, peaking at 1.26%. This suggests growing employee benefit obligations relative to the company’s capital structure over time.
Deferred revenue
Deferred revenue percentages remained relatively stable, mostly within 0.3% to 0.6%, without a significant upward or downward trend. Minor fluctuations may reflect changes in the timing of revenue recognition but indicate consistent advance billing or subscription-based revenues.
Current portion of long-term debt
This liability decreased over the observation period, starting near 0.12% and falling to negligible or no reported amounts after early 2022, reflecting possible debt restructuring, repayments, or reclassification.
Accrued expenses and other current liabilities
This group of liabilities showed variable behavior, generally between 1.05% and 2.47%, with occasional spikes. The data indicates moderately volatile short-term accruals and other obligations, without a strong directional trend but notable peaks at certain reporting dates.
Current liabilities before client funds obligation
The percentage varied significantly, from around 2.87% to a peak of 5.19%, with recurring increases in some quarters. This variability suggests fluctuations in short-term operational liabilities excluding client funds, reflecting business cycle impacts on payable and accrued obligations.
Client funds obligation
Client funds obligation constituted the largest proportion of total liabilities and stockholders’ equity, fluctuating widely between roughly 49% and 72%. There is no evident consistent trend up or down, but large swings over quarters may relate to changes in client balances held or operational scale variations in fiduciary responsibilities.
Current liabilities
Overall current liabilities as a percentage remained dominant, ranging approximately from 53.7% to 75.5%. The composition primarily mirrors the client funds obligation and other current liabilities combined, with swings reflecting their joint dynamics and seasonal factors.
Deferred income tax liabilities, net
The deferred income tax liabilities mostly stayed between about 2.5% and 5.1%. Values showed some volatility but no clear trend, indicating stable but occasionally adjusting deferred tax positions relative to total capital.
Long-term deferred revenue
This item fluctuated modestly between about 1.6% and 3.9%, generally trending slightly downward over the longer term, perhaps suggesting adjustments in the recognition period or de-emphasis on long-term deferred revenue sources.
Long-term debt, less current portion
Long-term debt decreased steadily over time, falling from over 2% in early periods to below 1% in recent quarters. This consistent decline suggests active repayment or restructuring of long-term borrowings, reducing leverage from debt financing.
Other long-term liabilities
Other long-term liabilities increased from no reported values to fluctuating around 0.5% to 2.3%. This rise implies emerging or expanding obligations not classified in other categories, contributing more to non-current liabilities over time.
Long-term liabilities overall
Long-term liabilities as a whole varied between roughly 5.9% and 12.5%, showing peaks and troughs but generally trending down in the most recent periods. The decline, mainly driven by long-term debt reduction, indicates a gradual decrease in long-term obligations.
Total liabilities
Total liabilities exhibited a decreasing trend over the time series from near 80% down to about 63%. This trend indicates a progressive reduction in overall liabilities relative to the combined capital base, influenced by decreases in both current and long-term liabilities, especially large client funds and long-term debt components.
Common stock, $0.01 par value
This component remained nominal and stable, under 0.05%, indicating minimal relative impact on the capital structure and no significant issuance or repurchase activity affecting par value stock.
Additional paid-in capital
Additional paid-in capital showed irregular fluctuation, initially around 11%-15%, rising notably to peak near 17.8%, particularly in recent quarters. This increase reflects equity financing and capital contributions growing as a proportion of total capital.
Retained earnings
Retained earnings demonstrated a strong upward trend over the period, increasing from approximately 18.6% to above 36%. This steady accumulation reflects sustained profitability or earnings retention, significantly bolstering equity composition.
Accumulated other comprehensive loss
This item remained minimal in magnitude, slightly negative between -0.02% and -0.12%, showing no material impact on total equity or liabilities.
Treasury stock, at cost
Treasury stock values were negative as expected, fluctuating between approximately -8.97% and -19.93%. The trend reflects ongoing share repurchase activity, markedly increasing the treasury stock balance in certain periods and thus reducing equity.
Stockholders’ equity
Stockholders’ equity as a percentage displayed an overall increasing trend from about 20.7% up to 36.9%, driven primarily by rising retained earnings and additional paid-in capital, partially offset by treasury stock. The increase indicates strengthening shareholder value and capital base expansion over time.
Total liabilities and stockholders’ equity
This total remained constant at 100%, as expected, serving as the base for all listed percentages.