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
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
December 31, 2021
$40.7
($8.1)
$0.0
$0.0
$32.6
31.6%
$44.5
($20.5)
($6.1)
$0.0
($1.4)
$16.4
15.9%
$10.6
($1.2)
$0.0
$0.0
$9.5
9.2%
Reconciliation of Adjusted Operating Expenses
Three Months Ended
December 31, 2020
$25.5
($0.6)
$0.0
($0.3)
$24.6
28.7%
$35.1
($19.5)
($0.9)
($0.0)
($1.1)
$13.5
15.7%
$9.4
($0.0)
$0.0
$0.0
$9.4
10.9%
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
($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)
($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)
($30.8)
$44.2
15.1%
$41.1
($1.0)
$0.0
($0.4)
$39.7
13.6%
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