Paycor Investor Presentation Deck
GAAP to Non-GAAP Reconciliation (cont'd)
Sales and Marketing Expense
Stock-based compensation expense
Liability incentive award compensation expense
Corporate adjustments
Adjusted Sales and Marketing Expense
% of Revenue
General and Administrative Expense
Amortization of intangible assets
Stock-based compensation expense
Liability incentive award compensation expense
Loss on lease exit
Corporate adjustments
Adjusted General and Administrative Expense
% of Revenue
Research and Development Expense
Stock-based compensation expense
Liability incentive award compensation expense
Corporate adjustments
Adjusted Research and Development Expense
% of Revenue
Note: $ in millions. Amounts may not foot due to rounding.
Three Months Ended
June 30, 2022
$42.7
($6.1)
$0.0
$0.0
$36.6
32.9%
$45.1
($21.1)
($5.5)
$0.0
($0.1)
($0.8)
$17.6
15.9%
$13.0
($3.0)
$0.0
$0.0
$10.0
9.1%
Three Months Ended
June 30, 2021
$30.3
$0.4
$0.1
($0.5)
$30.2
34.3%
$38.6
($20.3)
$0.6
$0.1
$0.0
($1.3)
$17.6
20.1%
$9.5
$0.0
$0.0
$0.0
$9.5
10.8%
Reconciliation of Adjusted Operating Expenses
Fiscal Year Ended
June 30, 2022
$170.6
($35.5)
$0.0
($0.1)
$135.1
31.5%
$187.0
($82.6)
($22.5)
$0.0
($9.1)
($4.6)
$68.2
15.9%
$43.1
($6.8)
$0.0
$0.0
$36.4
8.5%
Fiscal Year Ended
June 30, 2021
$106.1
($1.4)
$0.1
($1.1)
$103.7
29.4%
$145.5
($79.5)
($2.2)
$0.0
$0.0
($6.5)
$57.3
16.3%
$36.0
($0.1)
$0.0
($0.1)
$35.9
10.2%
Fiscal Year Ended
June 30, 2020
$100.0
($1.7)
$0.0
($2.5)
$95.8
29.2%
$137.1
($78.0)
($1.9)
($3.1)
$0.0
($6.5)
$47.7
14.5%
$45.9
($0.8)
$0.0
($1.5)
$43.6
13.3%
Fiscal Year Ended
June 30, 2019
$87.1
($2.3)
$0.0
$0.0
$84.9
29.1%
$158.9
($52.0)
($3.0)
($29.0)
$0.0
($30.8)
$44.2
15.1%
$41.1
($1.0)
$0.0
($0.4)
$39.7
13.6%
22View entire presentation