# Paychex, Inc. (PAYX) FY2024 Annual Balance Sheet

- Company: Paychex, Inc. (PAYX)
- Period: As of 2024-05-31
- Filing: FY2024 10-K, filed 2024-07-11, accession number 0000950170-24-082958
- Page: https://plicit.ai/financials/payx/fy2024-annual-balance-sheet
- Chart image: https://plicit.ai/charts/payx-fy2024-annual-balance-sheet-sankey.png

## Chart details

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.