Paycor Investor Presentation Deck
Updated
GAAP to Non-GAAP Reconciliation
Revenue
Gross Profit
Gross Profit Margin
Amortization of intangible assets
Stock-based compensation expense
Corporate adjustments
Adjusted Gross Profit
Adjusted Gross Profit Margin
Amortization of deferred contract costs
Amortization of capitalized software
Depreciation
Adjusted Gross Profit, Excluding D&A
Adjusted Gross Profit Margin, Excluding D&A
Three Months Ended
June 30, 2023
$140.0
$91.6
65.4%
$1.5
$2.3
$0.0
$95.5
68.2%
$7.5
$7.8
$0.5
$111.2
79.4%
Three Months Ended
June 30, 2022
$111.0
$70.7
63.7%
$1.3
$1.4
$0.0
$73.4
66.1%
$5.1
$6.0
$0.5
$85.1
76.6%
Reconciliation to Adjusted Gross Profit Excluding D&A
Fiscal Year Ended
June 30, 2023
$552.7
$365.6
66.1%
$5.3
$9.1
$0.0
$380.0
68.7%
$26.1
$28.1
$1.8
$435.9
78.9%
Fiscal Year Ended
June 30, 2022
$429.4
$261.2
60.8%
$19.3
$6.6
$0.0
$287.2
66.9%
$17.3
$22.1
$2.6
$329.2
76.6%
Fiscal Year Ended
June 30, 2021
$352.8
$198.3
56.2%
$46.1
$0.5
$0.0
$244.9
69.4%
$10.6
$13.8
$2.6
$271.9
77.1%
Fiscal Year Ended
June 30, 2020
$327.9
$188.2
57.4%
$42.9
$0.6
$1.7
$233.4
71.2%
$5.7
$6.9
$2.5
$248.4
75.8%
Fiscal Year Ended
June 30, 2019
Note 1: $ in millions. Amounts may not foot due to rounding.
Note II: FY'19 actuals are the sum of the non-GAAP Successor Period (period from November 2, 2018 to June 30, 2019) and non-GAAP Predecessor Period (period from July 1, 2018 to November 1, 2018), and are reported in such a
manner throughout this presentation. $ in millions. Amounts may not foot due to rounding.
$291.5
$182.0
62.4%
$28.1
$0.4
$0.3
$210.7
72.3%
$5.8
$5.5
$2.3
$224.4
77.0%
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