PAYLOCITY HOLDING CORPORATION
Cash Flow Statement
| Line Item | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Net Income | $38.6M | $6.7M | $-3.9M | $-14.0M | $-7.1M | $617.0K | $1.7M |
| Depreciation & Amortization | $30.2M | $21.0M | $13.9M | $8.6M | $6.3M | $5.6M | $4.6M |
| Depreciation | $14.2M | $10.1M | $6.9M | $5.1M | $4.1M | $2.5M | $1.9M |
| Amortization | $1.7M | $1.5M | $1.5M | $919.0K | $80.0K | $0 | $0 |
| Stock-Based Compensation | $30.4M | $26.7M | $17.6M | $13.2M | $4.9M | $523.0K | $203.0K |
| Net Cash from Operating Activities | $97.9M | $62.0M | $33.0M | $11.1M | $7.2M | $6.2M | $8.6M |
| Investing Activities | |||||||
| Capital Expenditures | $21.7M | $21.3M | $16.1M | $9.0M | $6.7M | $4.0M | $3.4M |
| Business Acquisitions | $6.7M | — | $483.0K | $12.0M | $6.5M | — | — |
| Net Cash from Investing Activities | $-179.3M | $-37.8M | $-673.4M | $-199.2M | — | — | — |
| Financing Activities | |||||||
| Dividends Paid | — | — | — | — | — | — | — |
| Stock Repurchases | — | — | — | — | — | $162.0K | $27.4M |
| Net Cash from Financing Activities | $275.2M | $-304.3M | $645.6M | $190.5M | — | — | — |
| Net Change in Cash | $33.7M | $17.0M | $5.2M | $2.4M | — | — | — |
| Free Cash Flow | $76.2M | $40.6M | $16.9M | $2.1M | $532.0K | $2.2M | $5.1M |