Paylocity Holding (PCTY) FY2017 results: revenue $300 million, up 30.0% on the year
Paylocity Holding Corp. (PCTY) reported revenue of $300 million for fiscal 2017, the year ended 30 June 2017, up 30.0% on the year before. Net income was $7 million, and diluted earnings per share $0.12. The figures are the company's own, from the 10-K it filed with the SEC on 11 August 2017.
Revenue
$300 million
+30.0% on the year
FY2012FY2017
Operating margin
2.4%
-1.5% a year earlier
FY2012FY2017
Net income
$7 million
FY2012FY2017
Diluted EPS
$0.12
FY2012FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
300
231
153
+30.0%
Cost of revenue
124
98.1
70.9
+26.4%
Gross profit
176
133
81.8
+32.7%
Gross margin
58.7%
57.5%
53.6%
Research and development
29.1
26.7
19.9
+8.8%
Operating income
7.3
-3.5
-13.9
Operating margin
2.4%
-1.5%
-9.1%
Pre-tax income
7.4
-3.7
-13.9
Income tax
0.7
0.2
0.1
+267.8%
Effective tax rate
8.8%
n/a
n/a
Net income
6.7
-3.9
-14.0
Net margin
2.2%
-1.7%
-9.2%
Diluted EPS
$0.12
-$0.08
-$0.28
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
62.0
33.0
11.1
+87.9%
Capital expenditure
21.3
16.1
9.0
+32.7%
Free cash flow
40.6
16.9
2.1
+140.3%
Free cash flow margin
13.5%
7.3%
1.4%
Cash from investing
-37.8
-673
-199
Cash from financing
-304
646
190
Depreciation and amortisation
21.0
13.9
8.6
+51.6%
Share-based compensation
26.7
17.6
13.2
+52.2%
Diluted shares, weighted
54m
51m
50m
+6.2%
Shares outstanding at period end
52m
51m
51m
+1.2%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
148
120
108
+23.5%
Debt
0.0
0.0
0.0
Other liabilities
990
1,271
613
-22.1%
Total liabilities and equity
1,137
1,391
721
-18.2%
Fixed assets
40.8
26.8
16.1
+52.1%
Goodwill
6.0
6.0
6.0
0.0%
Intangible assets
8.9
10.4
11.9
-14.5%
Cash and equivalents
103
86.5
81.3
+19.6%
Receivables
2.0
1.7
1.1
+21.4%
Other assets
976
1,259
604
-22.5%
Total assets
1,137
1,391
721
-18.2%
10-K for the year ended 30 June 2017, filed 11 August 2017: the filing.