pcty: the cashflow

MyFinsight

For the quarter ending 2025-09-30.

Unit: Thousand (K) dollars (except for numbers of shares and EPS)

Cash Flow	2025-09-30
Net income	47,991
Stock-based compensation expense	37,846
Depreciation and amortization expense	27,453
Deferred income tax expense (benefit)	22,101
Provision for credit losses	332
Net accretion of discounts on available-for-sale securities	405
Other	-355
Accounts receivable	73
Deferred contract costs	10,424
Prepaid expenses and other	9,833
Accounts payable	-10,530
Accrued expenses and other	-18,357
Net cash provided by operating activities	86,456
Purchases of available-for-sale securities	30,456
Proceeds from sales and maturities of available-for-sale securities	32,358
Capitalized internal-use software costs	15,460
Purchases of property and equipment	3,797
Other investing activities	338
Net cash used in investing activities	-17,693
Net change in client fund obligations	-70,293
Borrowings under credit facility	0
Repayment of credit facility	81,250
Repurchases of common shares	200,000
Taxes paid related to net share settlement of equity awards	18,723
Other financing activities	-12
Net cash used in financing activities	-229,692
Net change in cash, cash equivalents and funds held for clients' cash and cash equivalents	-160,929
Cash and cash equivalents at beginning of period	2,482,526
Cash and cash equivalents at end of period	2,321,597

Unit: Thousand (K) dollars (except for numbers of shares and EPS)

pcty: the cashflow