Company: PAYC
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000950170-25-024136
Chunk: 102

Company: Paycom Software, Inc.
Filing Date: 2025-02-20
Form: 10-K
Item: Item 1B
Chunk 102
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197.5

    Liabilities and Stockholders’ Equity

    Current liabilities:

    Accounts payable
     
    $
    23.9

    $
    13.9

    Accrued commissions and bonuses

    33.0

    30.5

    Accrued payroll and vacation

    59.0

    56.1

    Deferred revenue

    30.0

    22.8

    Operating lease liabilities

    20.4

    19.2

    Accrued expenses and other current liabilities

    74.8

    64.0

    Current liabilities before client funds obligation

    241.1

    206.5

    Client funds obligation

    3,665.7

    2,328.1

    Total current liabilities

    3,906.8

    2,534.6

    Deferred income tax liabilities, net

    149.7

    143.8

    Long-term deferred revenue

    114.6

    107.7

    Long-term operating lease liabilities

    63.0

    56.7

    Other long-term liabilities

    49.9

    51.7

    Total long-term liabilities

    377.2

    359.9

    Total liabilities

    4,284.0

    2,894.5

    Commitments and contingencies (Note 13 “Commitments and Contingencies”)

    Stockholders’ equity:

    Common stock, $0.01 par value (100 shares authorized, 63.0 and 62.7 shares issued at December 31, 2024 and December 31, 2023, respectively; 55.9 and 56.5 shares outstanding at December 31, 2024 and December 31, 2023, respectively)

    0.6

    0.6

    Additional paid-in capital

    724.8

    724.4

    Retained earnings

    1,887.5

    1,470.0

    Accumulated other comprehensive earnings (loss)

    (0.6
    )

    (1.0
    )

    Treasury stock, at cost (7.1 and 6.1 shares at December