Paychex, Inc. (PAYX) FY2024 Annual Balance Sheet

Paychex, Inc. (PAYX) FY2024 Annual Balance Sheet

Balance sheet as of 2024-05-31. The chart shows assets, liabilities and equity at that date.

Assets

10,383,100,000 US dollars

Current assets

7,251,500,000 US dollars

Non-current assets

3,131,600,000 US dollars

Liabilities

6,582,100,000 US dollars

Current liabilities

5,309,100,000 US dollars

Non-current liabilities

1,273,000,000 US dollars

Equity

3,801,000,000 US dollars

Funds held for clients

3,706,200,000 US dollars

Cash and cash equivalents

1,468,900,000 US dollars

Accounts receivable, net of allowance for credit losses

1,059,600,000 US dollars

PEO unbilled receivables, net of advance collections

542,400,000 US dollars

Prepaid expenses and other current assets

321,900,000 US dollars

Restricted cash

47,800,000 US dollars

Prepaid income taxes

47,500,000 US dollars

Corporate investments

33,900,000 US dollars

Interest receivable

23,300,000 US dollars

Goodwill

1,882,700,000 US dollars

Long-term deferred costs

477,100,000 US dollars

Property and equipment, net of accumulated depreciation

411,700,000 US dollars

Intangible assets, net of accumulated amortization

194,500,000 US dollars

Other long-term assets

115,000,000 US dollars

Operating lease right-of-use assets, net of accumulated amortization

46,900,000 US dollars

Long-term corporate investments

3,700,000 US dollars

Client fund obligations

3,868,700,000 US dollars

Accrued worksite employee compensation and related items

662,400,000 US dollars

Other current liabilities

469,800,000 US dollars

Accrued corporate compensation and related items

135,000,000 US dollars

Accounts payable

104,300,000 US dollars

Deferred revenue

50,200,000 US dollars

Short-term borrowings

18,700,000 US dollars

Long-term borrowings, net of debt issuance costs

798,600,000 US dollars

Other long-term liabilities

236,800,000 US dollars

Accrued income taxes

102,600,000 US dollars

Deferred income taxes

86,000,000 US dollars

Operating lease liabilities

49,000,000 US dollars

Retained earnings

2,213,000,000 US dollars

Additional paid-in capital

1,729,500,000 US dollars

Common stock, $0.01 par value; Authorized: 600.0 shares; Issued and outstanding: 360.1 shares as of May 31, 2024 and 360.5 shares as of May 31, 2023

3,600,000 US dollars

Accumulated other comprehensive loss

negative 145,100,000 US dollars

Gross equity (calculated)

3,946,100,000 US dollars. Net equity plus the magnitudes of its negative contributions equals gross positive equity. The negative contributions enter this reconciliation as add-backs; their filed signs stay negative.

Chart connections

• Assets equal liabilities plus consolidated equity. Consolidated equity includes noncontrolling interests when reported.
• Treasury shares and other negative equity contributions reduce equity.