Financial Statements

Paychex, Inc. (PAYX)

$117.33

+1.49 (+1.29%)
Income Statement
Balance Sheet
Cash Flow

Income Statement

All numbers are in thousands

Retained Earning Schedule

Year 2021 2020 2019 2018 2017
Retained Earnings (Previous Year) 1,4311,410930902-
Net Income 1,0981,0981,034934817
Stock Dividends -174-187272-165747
Dividend Paid -909-889-827-740-662
Retained Earnings 1,4461,4311,410930902

PPE Schedule

Year 2021 2020 2019 2018 2017
Gross PPE 522409394337-
Annual Depreciation 91241139210432
Capital Expenditure -115-127-124-154-94
Net PPE 499522409394337

Intangible and Goodwill Schedule

Year 2021 2020 2019 2018 2017
Intangible and Goodwill (Previous Year) -6578141,7831,791
New Purchases -50,462-50,220-35,146-25,218-6,090
Intangible and Goodwill 6578141,7831,7911,821

Paychex, Inc. income statement is the only one that provides an overview of company sales and net income
The reasoning behind the adjustment, however, is that free cash flow is meant to measure money being spent right now, not transactions that happened in the past. This makes Paychex, Inc. FCF a useful instrument for identifying growing companies with high up-front costs, which may eat into earnings now but have the potential to pay off later.