Dayforce

Industrials Human Resource & Employment Services Minneapolis, Minnesota Last filing Feb 28, 2025 · FY2024

                    Revenue
                    FY2024
                
$1.8B
                    3y CAGR +19.8%
                    
                    P93
                    
                    +16.3%
                    
                    Net income
                    FY2024
                
$18.1M
                    Net margin +1.0%
                    
                    P3
                    
                    -67.0%
                    
                    Total assets
                    FY2024
                
$9.1B
                    ROA +0.2%
                    
                    P3
                    
                    +1.2%
                    
                    Operating cash flow
                    FY2024
                
$281.1M
                    FCF margin +15.2%
                    
                    P70
                    
                    +28.1%

9 yrs · FY2016–FY2024 9 filed · 0 derived · 0 blank

1Y 3Y 5Y

Dollars % of revenue % of assets YoY % CAGR

Balance Sheet

Assets, liabilities, and equity

28 accounts · 3 years

Total assets $9.1B

Total liabilities $6.6B

Shareholders equity $2.5B

Account	2024	2023	2022
Assets
Cash and Cash Equivalents	$579.7M 1.6%	$570.3M 32.0%	$431.9M
Accounts Receivable	$264.8M 15.7%	$228.8M 27.0%	$180.1M
Prepaid Expenses	$137.5M 8.5%	$126.7M 29.3%	$98.0M
Other Current Assets	$5.0B -0.6%	$5.0B 20.2%	$4.2B
Total Current Assets	$6.0B 0.5%	$6.0B 21.7%	$4.9B
Property,Plant and Equipment	$223.7M 6.5%	$210.1M 20.1%	$174.9M
Operating Lease Assets	$12.3M -35.6%	$19.1M -21.4%	$24.3M
Goodwill	$2.3B 1.9%	$2.3B 0.6%	$2.3B
Intangible Assets	$189.2M -17.8%	$230.2M -18.3%	$281.6M
Other Noncurrent Assets	$371.6M 22.9%	$302.4M 15.2%	$262.4M
Total Assets	$9.1B 1.2%	$9.0B 13.8%	$7.9B
Liabilities
Accounts Payable	$77.0M 15.4%	$66.7M 22.8%	$54.3M
Accrued Liabilities	$158.3M 28.4%	$123.3M 1.6%	$121.4M
Deferred Revenue	$42.3M 5.2%	$40.2M -2.4%	$41.2M
Current Portion of Long Term Debt	$7.3M -3.9%	$7.6M -2.6%	$7.8M
Operating Lease Liabilities	$5.7M -18.6%	$7.0M -30.0%	$10.0M
Other Current Liabilities	$5.0B -1.3%	$5.1B 18.4%	$4.3B
Total Current Liabilities	$5.3B -0.4%	$5.3B 17.7%	$4.5B
Long Term Debt	$1.2B -0.1%	$1.2B -0.3%	$1.2B
Operating Lease Liabilities Noncurrent	$10.8M -42.9%	$18.9M -20.3%	$23.7M
Other Noncurrent Liabilities	$36.0M -26.2%	$48.8M 31.2%	$37.2M
Total Liabilities	$6.6B -0.6%	$6.6B 13.9%	$5.8B
Equity
Common Stock	$1.6M 0.0%	$1.6M 6.7%	$1.5M
Additional Paid In Capital	$3.4B 6.7%	$3.2B 6.3%	$3.0B
Retained Earnings	$-335.8M -5.7%	$-317.8M 14.7%	$-372.6M
Accumulated Other Comprehensive Income	$-482.7M -10.5%	$-436.7M 10.0%	$-485.0M
Total Stockholders Equity	$2.5B 6.2%	$2.4B 13.7%	$2.1B
Total Liabilitiesand Equity	$9.1B 1.2%	$9.0B 13.8%	$7.9B

Income Statement

Revenue, expense, and profitability

13 accounts · 3 years

Revenue $1.8B

Operating income $104.1M

Net income $18.1M

Account	2024	2023	2022
IncomeStatement
Revenues Total Revenue	$1.8B 16.3%	$1.5B 21.5%	$1.2B
Expenses Cost of Revenue	$947.9M 9.3%	$867.2M 12.2%	$773.0M
Other Income Expense Gross Profit	$812.1M 25.6%	$646.5M 36.6%	$473.2M
Expenses Selling,General and Administrative	$708.0M 37.9%	$513.4M 2.9%	$499.0M
Other Income Expense Operating Income	$104.1M -21.8%	$133.1M 615.9%	$-25.8M
Other Income Expense Interest Expense	$40.6M 12.5%	$36.1M 26.2%	$28.6M
Other Income Expense Other Income/expense	$-25.9M -2490.0%	$-1.0M 88.2%	$-8.5M
Other Income Expense Income Before Tax	$37.6M -60.8%	$96.0M 252.6%	$-62.9M
Income Tax Income Tax Expense	$19.5M -52.7%	$41.2M 292.4%	$10.5M
net Income net Income	$18.1M -67.0%	$54.8M 174.7%	$-73.4M
Earnings Per Share Basic Eps	$0 -68.6%	$0 172.9%	$-0
Earnings Per Share Diluted Eps	$0 -68.6%	$0 172.9%	$-0
Earnings Per Share Weighted Average Shares Diluted	$160.4M 1.2%	$158.5M 3.7%	$152.9M

Cash Flow Statement

Operating, investing, and financing flows

21 accounts · 3 years

Operating cash flow $281.1M

Investing cash flow $-471.9M

Financing cash flow $59.6M

Account	2024	2023	2022
CashFlow
Operating Activities net Income	$18.1M -67.0%	$54.8M 174.7%	$-73.4M
Operating Activities Depreciation and Amortization	$209.8M 58.3%	$132.5M 48.9%	$89.0M
Operating Activities Stock Based Compensation	$155.5M 13.8%	$136.7M -5.6%	$144.8M
Operating Activities Deferred Income Taxes	$-34.1M -931.7%	$4.1M 341.2%	$-1.7M
Operating Activities Changes In Operating Assets and Liabilities	$-85.1M 31.8%	$-124.8M -196.4%	$-42.1M
Operating Activities Other Non Cash Items	$16.9M 4.3%	$16.2M 1.3%	$16.0M
Operating Activities net Cash From Operating Activities	$281.1M 28.1%	$219.5M 65.5%	$132.6M
Investing Activities Capital Expenditures	$-14.3M 24.7%	$-19.0M 5.9%	$-20.2M
Investing Activities Business Acquisitions	$-173.1M	—	—
Investing Activities Purchases of Investments	$-557.3M -4.2%	$-534.9M 18.1%	$-652.8M
Investing Activities Proceeds From Sale of Investments	$368.1M -17.7%	$447.5M 10.5%	$404.8M
Investing Activities Other Investing Activities	$-95.3M 1.1%	$-96.4M -29.7%	$-74.3M
Investing Activities net Cash From Investing Activities	$-471.9M -132.7%	$-202.8M 40.8%	$-342.5M
Financing Activities Proceeds From Debt	$650.0M	—	—
Financing Activities Repayment of Debt	$-648.3M -8106.3%	$-7.9M 6.0%	$-8.4M
Financing Activities Repurchase of Common Stock	$-36.1M	—	—
Financing Activities Proceeds From Stock Issuance	$56.6M 15.5%	$49.0M 27.6%	$38.4M
Financing Activities Other Financing Activities	$37.4M -81.4%	$200.9M -72.7%	$734.6M
Financing Activities net Cash From Financing Activities	$59.6M -75.4%	$242.0M -68.3%	$764.6M
Cash Reconciliation Effect of Exchange Rate On Cash	$-36.3M -415.7%	$11.5M 124.6%	$-46.8M
Cash Reconciliation net Change In Cash	$-167.5M -162.0%	$270.2M -46.8%	$507.9M

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 3 years

Ratio	2024	2023	2022
Profitability
Gross margin	+46.1%	+42.7%	+38.0%
Operating margin	+5.9%	+8.8%	-2.1%
Net margin	+1.0%	+3.6%	-5.9%
FCF margin	+15.2%	+13.2%	+9.0%
Growth
Revenue CAGR (3y)	+19.8%	+21.6%	+14.8%
Returns
ROE	+0.7%	+2.3%	-3.5%
ROA	+0.2%	+0.6%	-0.9%
ROIC	+1.6%	+2.5%	-0.9%
Liquidity
Current ratio	1.13x	1.12x	1.08x
Quick ratio	0.16x	0.15x	0.13x
Leverage
D/E	2.58x	2.76x	2.75x
Interest coverage	2.56x	3.69x	-0.90x
Efficiency
Asset turnover	0.19x	0.17x	0.16x
Cash conversion cycle	—	—	—

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Dayforce

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