Company Quick10K Filing
Paychex
10-Q 2020-02-29 Filed 2020-03-27
10-Q 2019-11-30 Filed 2019-12-20
10-Q 2019-08-31 Filed 2019-10-04
10-K 2019-05-31 Filed 2019-07-24
10-Q 2019-02-28 Filed 2019-03-29
10-Q 2018-11-30 Filed 2018-12-21
10-Q 2018-08-31 Filed 2018-10-05
10-K 2018-05-31 Filed 2018-07-20
10-Q 2018-02-28 Filed 2018-03-28
10-Q 2017-11-30 Filed 2017-12-21
10-Q 2017-08-31 Filed 2017-10-06
10-K 2017-05-31 Filed 2017-07-21
10-Q 2017-02-28 Filed 2017-03-31
10-Q 2016-11-30 Filed 2016-12-23
10-Q 2016-08-31 Filed 2016-09-30
10-K 2016-05-31 Filed 2016-07-22
10-Q 2016-02-29 Filed 2016-03-30
10-Q 2015-11-30 Filed 2015-12-23
10-Q 2015-08-31 Filed 2015-09-30
10-K 2015-05-31 Filed 2015-07-21
10-Q 2015-02-28 Filed 2015-03-25
10-Q 2014-11-30 Filed 2014-12-19
10-Q 2014-08-31 Filed 2014-09-24
10-K 2014-05-31 Filed 2014-07-22
10-Q 2014-02-28 Filed 2014-03-26
10-Q 2013-08-31 Filed 2013-09-30
10-Q 2013-02-28 Filed 2013-03-27
10-Q 2012-11-30 Filed 2012-12-20
10-Q 2012-08-31 Filed 2012-09-24
10-K 2012-05-31 Filed 2012-07-20
10-Q 2012-02-29 Filed 2012-03-28
10-Q 2011-11-30 Filed 2011-12-20
10-Q 2011-08-31 Filed 2011-09-27
10-K 2011-05-31 Filed 2011-07-15
10-Q 2011-02-28 Filed 2011-03-23
10-Q 2010-11-30 Filed 2010-12-20
10-Q 2010-08-31 Filed 2010-09-27
10-K 2010-05-31 Filed 2010-07-16
10-Q 2010-02-28 Filed 2010-03-24
8-K 2020-05-19 Regulation FD, Exhibits
8-K 2020-05-01 Amend Bylaw, Exhibits
8-K 2020-03-25 Earnings, Exhibits
8-K 2020-02-06 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2019-12-18 Earnings, Exhibits
8-K 2019-10-17
8-K 2019-10-02 Earnings, Exhibits
8-K 2019-07-31 Enter Agreement
8-K 2019-07-10 Officers
8-K 2019-06-26 Earnings, Exhibits
8-K 2019-05-03 Amend Bylaw, Other Events, Exhibits
8-K 2019-03-27 Earnings, Exhibits
8-K 2019-01-09 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2018-12-19 Earnings, Exhibits
8-K 2018-11-26 Enter Agreement, Regulation FD, Exhibits
8-K 2018-10-11
8-K 2018-10-02 Earnings, Exhibits
8-K 2018-06-27 Earnings, Exhibits
8-K 2018-06-27 Regulation FD, Exhibits
8-K 2018-04-26 Officers, Exhibits
8-K 2018-03-26 Earnings, Exhibits
8-K 2018-03-01 Regulation FD, Exhibits

Paychex Financials

PAYX Metrics, Comps, Filings

Quarterly | Annual

Business

Incorporated in Delaware in 1979, we are a leading provider of integrated human capital management (“HCM”) solutions for payroll, benefits, human resource (“HR”), and insurance services for small- to medium-sized businesses. As of May 31, 2019, we served approximately 670,000 payroll and PEO clients. We maintain our corporate headquarters in Rochester, New York, and serve clients throughout the U.S. and Europe. We report our results of operations and financial condition as one business segment. Our fiscal year ends May 31st.

Our mission is to be the leading provider of HCM solutions for payroll, benefits, HR, and insurance services for small- to medium-sized businesses by being an essential partner with America’s businesses. We believe that success in this mission will lead to strong, long-term financial performance. Our business strategy focuses on the following:

· personalized, technology-enabled service;


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Equity

Income Statement ($BB Quarterly)

Revenue, G Profit, Net Income

Cash Flow ($BB Quarterly)

Ops, Inv, Fin

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Paychex (PAYX) 29,437 0% 51.4 0% 8,702 6,132 3,900 0 0 560 28,817
Rollins (ROL) 11,164 51% 116.3 0% 1,765 958 1,954 994 0 95 11,060
United Rentals (URI) 9,789 40% 12.0 6% 19,405 15,755 9,201 3,703 1,146 1,702 20,420
Allegion (ALLE) 9,600 44% 19.6 7% 6,049 2,686 2,134 933 428 551 10,825
AerCap (AER) 5,761 0% 43,209 34,328 0 0 0 0 33,853
Air Lease (AL) 4,814 0% 14.1 3% 21,610 16,148 1,918 0 561 1,307 18,376
ADT (ADT) 4,620 0% 14.8 -3% 16,947 13,236 5,013 0 -502 964 14,311
Aaron's (AAN) 4,371 11% 16.6 6% 3,220 1,352 3,937 445 200 254 4,221
frontdoor (FTDR) 3,989 51% 18.4 11% 1,217 1,436 1,066 539 134 247 4,545
51job (JOBS) 3,731 0% 12,238 4,420 0 0 0 0 1,757
Triton (TRTN) 2,540 27% 10.0 3% 9,802 7,494 67 18 270 937 9,368
ABM Industries (ABM) 2,432 11% 10.9 3% 3,693 2,151 6,499 731 127 293 3,175
Korn Ferry (KFY) 2,135 0% 6.6 7% 2,486 1,228 1,989 0 183 293 1,944
Aircastle (AYR) 1,713 0% 9.5 3% 8,321 6,282 967 0 213 701 6,631
McGrath Rentcorp (MGRC) 1,676 47% 9.1 7% 1,306 690 556 260 95 184 1,674
Rent A Center (RCII) 1,440 62% 5.8 9% 1,498 1,066 2,664 1,652 135 235 1,366
Forrester Research (FORR) 855 46% 41.2 -2% 598 451 436 203 -9 22 920
Textainer Group (TGH) 535 0% 4,744 3,508 0 0 0 0 3,720
Heidrick & Struggles (HSII) 524 31% 15.4 1% 777 480 732 227 9 23 348
Exterran (EXTN) 472 26% 6.0 -1% 1,553 1,064 1,396 366 -8 157 946

Balance Sheet ($MM)2010-02-282010-05-312010-08-312010-11-302011-02-282011-05-312011-08-312011-11-302012-02-292012-05-312012-08-312012-11-302013-02-282013-05-312013-08-312013-11-302014-02-282014-05-312014-08-312014-11-302015-02-282015-05-312015-08-312015-11-302016-02-292016-05-312016-08-312016-11-302017-02-282017-05-312017-08-312017-11-302018-02-282018-05-312018-08-312018-11-302019-02-282019-05-312019-11-30
Cash279284273233236119113961461091491231001071122132711524631402651704564122531321301651901852342573243584405113,7069351,420
Accounts Receivable159187209225142161198222136142153169125133155179130149169206148177207241353409486529430508539595550531535563821420465
Inventory
PP&E2642687227457858048228338468588328408378508738788909079249329529739809859961,0121,0181,0251,0321,0511,0681,1221,1711,1831,1981,2211,2521,2751,311
Assets5,7885,2265,0395,0235,9635,3944,9924,9326,0956,4805,7115,7247,5086,1646,0316,0197,0696,3706,2876,2747,3446,4825,9836,0177,0686,4416,0975,7767,3106,8347,6207,6856,8437,4647,0507,00210,3638,6768,702
Accounts Payable353734343645385546704144484340363549404040524347565751495657755872746371747676
Long-Term Debt800800800
Liabilities4,3913,8243,6023,5734,4953,8983,4523,3734,5004,8754,0564,0265,9024,3904,2834,2595,2814,5934,5014,4405,4724,6974,1924,1585,1934,5294,1093,9605,4144,8785,6765,7164,7975,4394,6634,5787,7656,0566,132
Stockholders' Equity1,3971,4021,4371,4501,4681,4961,5391,5591,5951,6041,6551,6981,6061,7741,7481,7601,7881,7771,7861,8341,8721,7861,7911,8581,8741,9121,9881,8161,8971,9551,9441,9692,0462,0242,3872,4242,5982,6202,569
Income Statement ($MM)2010-02-282010-05-312010-08-312010-11-302011-02-282011-05-312011-08-312011-11-302012-02-292012-05-312012-08-312012-11-302013-02-282013-05-312013-08-312013-11-302014-02-282014-05-312014-08-312014-11-302015-02-282015-05-312015-08-312015-11-302016-02-292016-05-312016-08-312016-11-302017-02-282017-05-312017-08-312017-11-302018-02-282018-05-312018-08-312018-11-302019-02-282019-05-312019-11-30
Revenue5084965185225315235635785705525785785935856086106366646677077046927237227537547868047967998178268668718638591,070980991
Cost of Revenue
Gross Profit
R&D
SG&A175160157149166172166163182184176175196203188194209213205207229237221223247257237234252268240246303287277287316344326
Tax57597084706582927774879482909410392849810496928810710198107116105105119117349279741018078
Net Income112116132154131119149159135123153148144124163159160146171184169161209189180
Cash Flow ($MM)2010-02-282010-05-312010-08-312010-11-302011-02-282011-05-312011-08-312011-11-302012-02-292012-05-312012-08-312012-11-302013-02-282013-05-312013-08-312013-11-302014-02-282014-05-312014-08-312014-11-302015-02-282015-05-312015-08-312015-11-302016-02-292016-05-312016-08-312016-11-302017-02-282017-05-312017-08-312017-11-302018-02-282018-05-312018-08-312018-11-302019-02-282019-05-312019-11-30
Cash Operating10819412523416218711026514421810828069267134306175263142288278142371227295119356191344176288274249
Cash Investing550172-44-99846039837-1,226-453772-34-1,9131,35731164-1,088578359-304-1,082760-11-1,312500380318-1,645522-711-40-703918-1,09020
Cash Financing-652-378-121767-739-591-1641,011271-949-1001,611-1,419-293-196841-872-312-160919-752-174782-849-676-4011,314-719417-113450-1,110-1,929