Company: PAYC
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000950170-25-024136
Chunk: 97

Company: Paycom Software, Inc.
Filing Date: 2025-02-20
Form: 10-K
Item: Item 1B
Chunk 97
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5.91

    Earnings per share, diluted
     
    $
    8.92

    $
    5.88

    Non-GAAP net income per share, basic
     
    $
    8.22

    $
    7.79

    Non-GAAP net income per share, diluted
     
    $
    8.21

    $
    7.75

    Year Ended December 31,

    2024

    2023

    Earnings per share to non-GAAP net income per share, basic:

    Earnings per share, basic
     
    $
    8.93

    $
    5.91

    Non-cash stock-based compensation expense

    (0.41
    )

    2.25

    Loss on extinguishment of debt

    —

    0.02

    Income tax effect on non-GAAP adjustments

    (0.30
    )

    (0.39
    )

    Non-GAAP net income per share, basic
     
    $
    8.22

    $
    7.79

    Year Ended December 31,

    2024

    2023

    Earnings per share to non-GAAP net income per share, diluted:

    Earnings per share, diluted
     
    $
    8.92

    $
    5.88

    Non-cash stock-based compensation expense

    (0.41
    )

    2.24

    Loss on extinguishment of debt

    —

    0.02

    Income tax effect on non-GAAP adjustments

    (0.30
    )

    (0.39
    )

    Non-GAAP net income per share, diluted
     
    $
    8.21

    $
    7.75

Item 7A. Quantitative and Qualitative Disclosures About Market Risk

Interest Rate Sensitivity

As of December 31, 2024, we had corporate cash and cash equivalents totaling $402.0 million and funds held for clients cash and cash equivalents totaling $3.7 billion. These amounts are invested primarily in demand deposit accounts and money market funds. We consider all highly liquid debt instruments with an original maturity of three months or less and SEC-registered money market mutual funds to be cash equivalents. Additionally, we had available-for-sale securities totaling $24.7 million included