Paylocity Holding (PCTY) FY2016 results: revenue $231 million, up 51.1% on the year
Paylocity Holding Corp. (PCTY) reported revenue of $231 million for fiscal 2016, the year ended 30 June 2016, up 51.1% on the year before. Net income was -$4 million, and diluted earnings per share $-0.08. The figures are the company's own, from the 10-K it filed with the SEC on 12 August 2016.
Revenue
$231 million
+51.1% on the year
FY2012FY2016
Operating margin
-1.5%
-9.1% a year earlier
FY2012FY2016
Net income
-$4 million
FY2012FY2016
Diluted EPS
-$0.08
FY2012FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
231
153
109
+51.1%
Cost of revenue
98.1
70.9
55.1
+38.4%
Gross profit
133
81.8
53.6
+62.1%
Gross margin
57.5%
53.6%
49.3%
Research and development
26.7
19.9
10.4
+34.6%
Operating income
-3.5
-13.9
-7.0
Operating margin
-1.5%
-9.1%
-6.5%
Pre-tax income
-3.7
-13.9
-6.9
Income tax
0.2
0.1
0.3
+68.6%
Net income
-3.9
-14.0
-7.1
Net margin
-1.7%
-9.2%
-6.5%
Diluted EPS
-$0.08
-$0.28
-$0.26
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
33.0
11.1
7.2
+197.1%
Capital expenditure
16.1
9.0
6.7
+78.3%
Free cash flow
16.9
2.1
0.5
+711.0%
Free cash flow margin
7.3%
1.4%
0.5%
Cash from investing
-673
-199
n/a
Cash from financing
646
190
n/a
+238.9%
Depreciation and amortisation
13.9
8.6
6.3
+61.1%
Share-based compensation
17.6
13.2
4.9
+33.4%
Diluted shares, weighted
51m
50m
37m
+1.6%
Shares outstanding at period end
51m
51m
50m
+0.8%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
120
108
91.1
+11.1%
Debt
0.0
0.0
0.0
Other liabilities
1,271
613
437
+107.4%
Total liabilities and equity
1,391
721
528
+93.0%
Fixed assets
26.8
16.1
13.1
+66.8%
Goodwill
6.0
6.0
3.0
0.0%
Intangible assets
10.4
11.9
6.3
-12.7%
Cash and equivalents
86.5
81.3
78.8
+6.4%
Receivables
1.7
1.1
0.8
+50.8%
Other assets
1,259
604
426
+108.4%
Total assets
1,391
721
528
+93.0%
10-K for the year ended 30 June 2016, filed 12 August 2016: the filing.