Paychex, Inc. (PAYX)

Paychex Balance Sheet

Financials in millions USD. Fiscal year is June - May.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Aug 31, 2024	May 31, 2024	May 31, 2023	May 31, 2022	May 31, 2021	May 31, 2020
Cash & Equivalents	1,460	1,469	1,222	370	995.2	905.2
Short-Term Investments	38.4	33.9	373.4	853.9	36.7	27.2
Cash & Short-Term Investments	1,498	1,503	1,595	1,224	1,032	932.4
Cash Growth	-11.44%	-5.80%	30.35%	18.61%	10.67%	30.84%
Accounts Receivable	1,680	1,602	1,402	1,296	1,029	764.1
Other Receivables	22.9	23.3	24.4	22.3	24.4	26.2
Receivables	1,703	1,625	1,426	1,318	1,054	790.3
Prepaid Expenses	134.3	113	87.1	83.1	75.8	244.8
Restricted Cash	54.9	47.8	49.8	50.3	51.3	49.8
Other Current Assets	3,971	3,963	4,370	3,906	3,957	3,447
Total Current Assets	7,361	7,252	7,528	6,582	6,170	5,465
Property, Plant & Equipment	466.9	458.6	457.8	480	498.8	522.2
Long-Term Investments	-	3.7	3.8	5	7.1	10.2
Goodwill	1,885	1,883	1,834	1,832	1,821	1,791
Other Intangible Assets	187.7	194.5	187.4	224.6	275.8	330.6
Long-Term Deferred Charges	471	477.1	470.1	433.3	384.1	372.5
Other Long-Term Assets	117.2	115	65.2	79.2	71.2	59.5
Total Assets	10,489	10,383	10,546	9,635	9,227	8,551
Accounts Payable	80.9	104.3	84.7	105.7	89	79.4
Accrued Expenses	798	797.4	973.8	908.8	796.1	644.1
Short-Term Debt	18.9	18.7	10.2	8.7	7.4	5.1
Current Portion of Leases	-	19.2	20.3	25.1	28.9	37.2
Current Income Taxes Payable	73.5	-	-	-	-	50.5
Current Unearned Revenue	50.3	50.2	47.3	38.4	37.9	39.2
Other Current Liabilities	4,322	4,319	4,669	4,183	3,979	3,571
Total Current Liabilities	5,344	5,309	5,805	5,269	4,938	4,427
Long-Term Debt	798.7	798.6	798.2	797.7	797.3	796.8
Long-Term Leases	49.4	49	57.3	74.8	92.4	96.9
Long-Term Unearned Revenue	-	24.7	14.7	10.5	2.3	3.4
Long-Term Deferred Tax Liabilities	95.1	86	112.1	165.5	218	240.8
Other Long-Term Liabilities	351.6	314.7	265.5	232.3	231	204.5
Total Liabilities	6,639	6,582	7,053	6,550	6,279	5,769
Common Stock	3.6	3.6	3.6	3.6	3.6	3.6
Additional Paid-In Capital	1,762	1,730	1,626	1,546	1,447	1,290
Retained Earnings	2,165	2,213	2,023	1,670	1,446	1,431
Comprehensive Income & Other	-80.3	-145.1	-159.9	-133.9	51.8	56.5
Shareholders' Equity	3,850	3,801	3,493	3,085	2,948	2,781
Total Liabilities & Equity	10,489	10,383	10,546	9,635	9,227	8,551
Total Debt	867	885.5	886	906.3	926	936
Net Cash (Debt)	631	617.3	709.4	317.6	105.9	-3.6
Net Cash Growth	-23.47%	-12.98%	123.36%	199.91%	-	-
Net Cash Per Share	1.74	1.70	1.96	0.87	0.29	-0.01
Filing Date Shares Outstanding	359.9	360.13	360.55	359.91	359.83	358.77
Total Common Shares Outstanding	359.9	360.1	360.5	359.9	359.8	358.8
Working Capital	2,018	1,942	1,723	1,312	1,231	1,038
Book Value Per Share	10.70	10.56	9.69	8.57	8.19	7.75
Tangible Book Value	1,778	1,724	1,472	1,029	851.5	659.7
Tangible Book Value Per Share	4.94	4.79	4.08	2.86	2.37	1.84
Land	-	9	9	10.3	10.3	10.8
Buildings	-	131.4	130.5	157.1	158.3	166.5
Machinery	-	285.2	291.7	315.1	311.2	338.7
Construction In Progress	-	60.7	51.7	50.7	50.3	47.1
Leasehold Improvements	-	47.6	67.3	91.7	83.5	110.6

Source: S&P Capital IQ. Standard template. Financial Sources.