Company: PAYC
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001193125-25-269543
Chunk: 0

Company: Paycom Software, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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Paycom Software, Inc.

Unaudited Consolidated Balance Sheets

(in millions, except per share amounts)

     September 30, 2025

     December 31, 2024

     Assets

     Current assets:

     Cash and cash equivalents
      
     $
     375.0

     $
     402.0

     Accounts receivable

     50.4

     39.2

     Prepaid expenses

     63.0

     44.4

     Inventory

     1.8

     1.4

     Income tax receivable

     77.3

     11.9

     Deferred contract costs

     154.6

     140.4

     Current assets before funds held for clients

     722.1

     639.3

     Funds held for clients

     1,819.9

     3,665.5

     Total current assets

     2,542.0

     4,304.8

     Property and equipment, net

     659.8

     561.4

     Intangible assets, net

     40.9

     46.2

     Goodwill

     51.9

     51.9

     Long-term deferred contract costs

     838.3

     783.6

     Operating lease right-of-use assets

     79.7

     80.6

     Other assets

     32.6

     31.4

     Total assets
      
     $
     4,245.2

     $
     5,859.9

     Liabilities and Stockholders’ Equity

     Current liabilities:

     Accounts payable
      
     $
     20.4

     $
     23.9

     Accrued commissions and bonuses

     24.3

     33.0

     Accrued payroll and vacation

     54.6

     59.0

     Deferred revenue

     29.9

     30.0

     Operating lease liabilities

     23.4

     20.4

     Accrued expenses and other current liabilities

     106.0

     74.8

     Current liabilities before client funds obligation

     258.6

     241.1

     Client funds obligation

     1