Paylocity Holding (PCTY) FY2018 results: revenue $378 million, up 25.8% on the year
Paylocity Holding Corp. (PCTY) reported revenue of $378 million for fiscal 2018, the year ended 30 June 2018, up 25.8% on the year before. Net income was $39 million, up 474.5%, and diluted earnings per share $0.70. The figures are the company's own, from the 10-K it filed with the SEC on 10 August 2018.
Revenue
$378 million
+25.8% on the year
FY2012FY2018
Operating margin
4.2%
2.4% a year earlier
FY2012FY2018
Net income
$39 million
+474.5% on the year
FY2012FY2018
Diluted EPS
$0.70
+483.3% on the year
FY2012FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
378
300
231
+25.8%
Cost of revenue
149
124
98.1
+20.3%
Gross profit
228
176
133
+29.7%
Gross margin
60.5%
58.7%
57.5%
Research and development
37.6
29.1
26.7
+29.4%
Operating income
15.9
7.3
-3.5
+118.6%
Operating margin
4.2%
2.4%
-1.5%
Pre-tax income
16.8
7.4
-3.7
+127.3%
Income tax
-21.8
0.7
0.2
Effective tax rate
-130.4%
8.8%
n/a
Net income
38.6
6.7
-3.9
+474.5%
Net margin
10.2%
2.2%
-1.7%
Diluted EPS
$0.70
$0.12
-$0.08
+483.3%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
97.9
62.0
33.0
+57.9%
Capital expenditure
21.7
21.3
16.1
+1.6%
Free cash flow
76.2
40.6
16.9
+87.5%
Free cash flow margin
20.2%
13.5%
7.3%
Cash from investing
-179
-37.8
-673
Cash from financing
275
-304
646
Depreciation and amortisation
30.2
21.0
13.9
+43.6%
Share-based compensation
30.4
26.7
17.6
+13.5%
Diluted shares, weighted
55m
54m
51m
+1.5%
Shares outstanding at period end
53m
52m
51m
+2.0%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
213
148
120
+44.2%
Debt
n/a
0.0
0.0
Other liabilities
1,295
990
1,271
+30.8%
Total liabilities and equity
1,508
1,137
1,391
+32.5%
Fixed assets
62.0
40.8
26.8
+52.2%
Goodwill
9.6
6.0
6.0
+59.8%
Intangible assets
13.0
8.9
10.4
+46.0%
Investments
0.7
n/a
n/a
Cash and equivalents
137
103
86.5
+32.6%
Receivables
3.5
2.0
1.7
+69.3%
Other assets
1,282
976
1,259
+31.3%
Total assets
1,508
1,137
1,391
+32.5%
10-K for the year ended 30 June 2018, filed 10 August 2018: the filing.