Statement of Comprehensive Income
Comprehensive income is the change in equity (net assets) of a business enterprise during a period from transactions and other events and circumstances from non-owners sources. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners.
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- Income Statement
- Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Long-term (Investment) Activity Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Common Stock Valuation Ratios
- Enterprise Value (EV)
- Price to FCFE (P/FCFE)
- Net Profit Margin since 2014
- Operating Profit Margin since 2014
- Return on Assets (ROA) since 2014
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Paycom Software Inc., consolidated statement of comprehensive income
US$ in thousands
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).
- Net Income
- The net income demonstrates overall growth from 2018 to 2022, starting at $137,065 thousand in 2018 and increasing to $281,389 thousand in 2022. Although a decline is observed in 2020 with a net income of $143,453 thousand compared to the previous year, the subsequent years show a strong recovery and upward trend, particularly a substantial increase between 2021 and 2022.
- Unrealized Net Gains (Losses) on Available-for-Sale Securities, Net of Tax
- This line item is only reported in 2022 with a loss of $3,703 thousand, which impacts the other comprehensive loss and comprehensive earnings for that year.
- Other Comprehensive Loss, Net of Tax
- Reflecting the impact of unrealized losses on securities, this item records a loss of $3,703 thousand in 2022, indicating a deterioration in other comprehensive income during that period.
- Comprehensive Earnings
- The comprehensive earnings largely follow the pattern of net income until 2021, as no other comprehensive income or loss was recorded before 2022. In 2022, comprehensive earnings amount to $277,686 thousand, which represents an increase compared to previous periods but is slightly reduced relative to net income due to the recorded other comprehensive loss.
- Summary
- Overall, the company exhibits positive financial performance with growing net income over five years, despite a setback in 2020. The introduction of an unrealized loss on securities in 2022 reduces the impact on comprehensive earnings slightly. The data suggests solid operational profitability, with some exposure to market securities risks as indicated by the recent comprehensive loss.