DAY · As filed with the SEC
Dayforce cash flow statement, by fiscal year
The statement as Dayforce presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.
Consolidated Statements of Cash Flows · USD
| USD | FY2024 Year ended Dec 31, 2024 | FY2023 Year ended Dec 31, 2023 | FY2022 Year ended Dec 31, 2022 | FY2021 Year ended Dec 31, 2021 | FY2020 Year ended Dec 31, 2020 | FY2019 Year ended Dec 31, 2019 | FY2018 Year ended Dec 31, 2018 | FY2017 Year ended Dec 31, 2017 |
|---|---|---|---|---|---|---|---|---|
| Net income (loss) | 18,100,000 | 54,800,000 | (73,400,000) | (75,400,000) | (4,000,000) | 78,700,000 | (63,900,000) | 2,000,000 |
| Loss from discontinued operations | — | — | — | — | — | — | 25,800,000 | 6,000,000 |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||||||||
| Deferred income tax (benefit) expense | (34,100,000) | 4,100,000 | (1,700,000) | (38,500,000) | (7,000,000) | (69,400,000) | (16,800,000) | (61,200,000) |
| Depreciation and amortization | 209,800,000 | 132,500,000 | 89,000,000 | 77,500,000 | 51,800,000 | 57,100,000 | 56,600,000 | 53,800,000 |
| Amortization of debt issuance costs and debt discount | 4,200,000 | 4,400,000 | 4,600,000 | 16,900,000 | 1,200,000 | 1,200,000 | 2,100,000 | 3,700,000 |
| Loss on debt extinguishment | 4,300,000 | — | — | — | — | — | 25,700,000 | — |
| Provision for doubtful accounts | 10,100,000 | 5,400,000 | 2,200,000 | 1,800,000 | 2,000,000 | 3,200,000 | — | 200,000 |
| Net periodic pension and postretirement cost | 10,100,000 | 1,100,000 | 4,800,000 | 8,800,000 | 3,300,000 | 5,200,000 | 2,700,000 | 1,500,000 |
| Share-based compensation expense | 155,500,000 | 136,700,000 | 144,800,000 | 113,400,000 | 65,800,000 | 36,500,000 | 23,200,000 | 16,100,000 |
| Change in fair value of contingent consideration | 9,000,000 | 4,300,000 | 4,600,000 | 600,000 | — | — | — | — |
| Gain on sale of assets | — | — | — | (19,100,000) | — | — | — | — |
| Lease abandonment costs | — | — | — | 2,900,000 | 16,800,000 | — | — | — |
| Other | 100,000 | 1,000,000 | (200,000) | 900,000 | 1,000,000 | (400,000) | 300,000 | (700,000) |
| Changes in operating assets and liabilities, excluding effects of acquisitions : | ||||||||
| Trade and other receivables | (48,000,000) | (48,300,000) | (39,500,000) | (34,800,000) | (12,000,000) | (16,400,000) | (5,300,000) | 5,700,000 |
| Prepaid expenses and other current assets | (3,300,000) | (22,100,000) | (11,400,000) | (12,300,000) | (6,800,000) | (8,000,000) | (4,600,000) | (6,300,000) |
| Deferred sales commissions | (43,900,000) | (39,500,000) | — | — | — | — | — | — |
| Accounts payable and other accrued expenses | 15,700,000 | 9,300,000 | (200,000) | 9,300,000 | (1,400,000) | 3,800,000 | (6,400,000) | 100,000 |
| Deferred revenue | (4,400,000) | (1,300,000) | (5,600,000) | 5,500,000 | (1,200,000) | 800,000 | 3,500,000 | 4,500,000 |
| Employee compensation and benefits | 12,800,000 | (7,500,000) | 21,200,000 | 2,300,000 | (104,000,000) | (11,100,000) | (22,100,000) | (26,100,000) |
| Accrued interest | — | — | 200,000 | 400,000 | — | — | (15,700,000) | (4,800,000) |
| Accrued taxes | (3,600,000) | (4,700,000) | 7,500,000 | 400,000 | (3,700,000) | (11,100,000) | 8,400,000 | (6,700,000) |
| Payment of contingent consideration | (20,900,000) | — | — | — | — | — | — | — |
| Other assets and liabilities | (10,400,000) | (10,700,000) | (14,300,000) | (11,800,000) | (32,000,000) | (19,500,000) | (2,800,000) | (17,200,000) |
| Net cash (used in) provided by operating activities—continuing operations | — | — | — | — | (30,200,000) | 50,600,000 | 10,700,000 | (29,400,000) |
| Net cash used in operating activities—discontinued operations | — | — | — | — | — | — | (1,200,000) | (10,400,000) |
| Net cash provided by operating activities | 281,100,000 | 219,500,000 | 132,600,000 | 48,800,000 | (30,200,000) | 50,600,000 | 9,500,000 | (39,800,000) |
| Cash Flows from Investing Activities | ||||||||
| Purchases of customer funds marketable securities | (541,100,000) | (528,100,000) | (652,800,000) | (763,800,000) | (212,400,000) | (408,400,000) | (855,200,000) | (598,500,000) |
| Proceeds from sale and maturity of customer funds marketable securities | 353,400,000 | 445,500,000 | — | — | — | — | — | — |
| Purchases of marketable securities | (16,200,000) | (6,800,000) | — | — | — | — | — | — |
| Proceeds from sale and maturity of marketable securities | 14,700,000 | 2,000,000 | 404,800,000 | 488,000,000 | 369,300,000 | 374,500,000 | 844,300,000 | 610,200,000 |
| Net change in restricted cash and other restricted assets held to satisfy customer trust funds obligations | — | — | — | — | — | — | 1,430,300,000 | (367,800,000) |
| Expenditures for property, plant, and equipment | (14,300,000) | (19,000,000) | (20,200,000) | (11,500,000) | (18,100,000) | (16,300,000) | (8,000,000) | (17,500,000) |
| Expenditures for software and technology | — | — | (74,300,000) | (52,200,000) | (41,700,000) | (38,900,000) | (32,200,000) | (33,100,000) |
| Expenditures for software and technology | (95,300,000) | (95,400,000) | — | — | — | — | — | — |
| Net proceeds from sale of assets | — | — | — | 37,900,000 | — | — | — | — |
| Acquisition costs, net of cash acquired | (173,100,000) | — | — | (409,500,000) | (58,300,000) | (30,200,000) | — | — |
| Net proceeds from divestitures | — | — | — | — | — | — | — | (500,000) |
| Net cash used in investing activities—continuing operations | — | — | — | — | — | (119,300,000) | 1,379,200,000 | (39,400,000) |
| Net cash used in investing activities—discontinued operations | — | — | — | — | — | — | — | (200,000) |
| Other | — | (1,000,000) | — | — | — | — | — | — |
| Net cash used in investing activities | (471,900,000) | (202,800,000) | (342,500,000) | (711,100,000) | 38,800,000 | (119,300,000) | 1,379,200,000 | (39,600,000) |
| Cash flows from financing activities | ||||||||
| Increase (decrease) in customer trust funds obligations, net | — | — | — | — | 483,600,000 | 529,900,000 | (1,419,400,000) | 356,100,000 |
| Net proceeds from issuance of stock | — | — | — | — | — | — | 595,000,000 | 78,400,000 |
| Proceeds from issuance of common stock upon exercise of stock options | — | — | — | — | — | — | 45,800,000 | — |
| Increase (decrease) in customer funds obligations, net | — | — | 840,100,000 | (195,700,000) | — | — | — | — |
| Increase in customer funds obligations, net | 51,800,000 | 200,900,000 | — | — | — | — | — | — |
| Proceeds from issuance of common stock under share-based compensation plans | 56,600,000 | 49,000,000 | 38,400,000 | 95,400,000 | 91,700,000 | 87,000,000 | — | — |
| Repurchase of stock | — | — | — | — | — | — | — | (1,800,000) |
| Proceeds from revolving credit facility | — | — | — | 295,000,000 | 295,000,000 | — | — | — |
| Repayment of revolving credit facility | — | — | — | (295,000,000) | (295,000,000) | — | — | — |
| Repurchases of common stock | (36,100,000) | — | — | — | — | — | — | — |
| Proceeds from debt issuance | 650,000,000 | — | — | — | — | — | 680,000,000 | — |
| Repayment of long-term debt obligations | (648,300,000) | (7,900,000) | (8,400,000) | (7,800,000) | (10,000,000) | (7,200,000) | (1,134,000,000) | (25,900,000) |
| Proceeds from issuance of convertible senior notes, net of issuance costs | — | — | — | 561,800,000 | — | — | — | — |
| Purchase of capped calls related to convertible senior notes | — | — | — | (45,000,000) | — | — | — | — |
| Payment of debt refinancing costs | — | — | — | (1,200,000) | — | — | (23,300,000) | — |
| Net cash (used in) provided by financing activities—continuing operations | — | — | — | — | — | — | (1,255,900,000) | 406,800,000 |
| Payment of debt refinancing costs | (11,400,000) | — | — | — | — | — | — | — |
| Payment of contingent consideration | (3,000,000) | — | — | — | — | — | — | — |
| Net cash provided by financing activities | 59,600,000 | 242,000,000 | 870,100,000 | 407,500,000 | 565,300,000 | 609,700,000 | (1,255,900,000) | 406,800,000 |
| Effect of exchange rate changes on cash, restricted cash, and equivalents | (36,300,000) | 11,500,000 | (8,100,000) | (20,900,000) | (4,000,000) | 11,300,000 | (9,700,000) | 11,000,000 |
| Net (decrease) increase in cash, restricted cash, and equivalents | (167,500,000) | 270,200,000 | 652,100,000 | (275,700,000) | 569,900,000 | 552,300,000 | 123,100,000 | 338,400,000 |
| Elimination of cash from discontinued operations | — | — | — | — | — | — | 500,000 | 5,200,000 |
| Cash, restricted cash, and equivalents at beginning of period | — | — | — | 2,228,500,000 | 1,658,600,000 | 1,106,300,000 | — | — |
| Cash, restricted cash, and equivalents at end of period | — | — | — | — | 2,228,500,000 | — | — | — |
| Cash, restricted cash, and equivalents at end of year | — | — | — | — | — | 1,658,600,000 | — | 2,411,800,000 |
| Cash, restricted cash, and equivalents at end of period | — | — | — | — | 2,228,500,000 | — | — | — |
| Cash, restricted cash, and equivalents at beginning of period | 3,421,400,000 | 3,151,200,000 | 1,952,800,000 | 2,228,500,000 | 1,658,600,000 | 1,106,300,000 | 94,200,000 | 2,068,200,000 |
| Cash, restricted cash, and equivalents at end of period | 3,253,900,000 | 3,421,400,000 | 2,604,900,000 | 1,952,800,000 | — | 1,658,600,000 | 217,800,000 | 2,411,800,000 |
| Supplemental cash flow Information | ||||||||
| Cash paid for interest | 45,300,000 | 52,400,000 | 30,100,000 | 19,100,000 | 26,700,000 | 37,400,000 | 74,500,000 | 89,700,000 |
| Cash paid for income taxes | 56,400,000 | 43,000,000 | 17,600,000 | 33,400,000 | 4,200,000 | 36,200,000 | 21,100,000 | 21,300,000 |
| Cash received from income tax refunds | 800,000 | 600,000 | 8,000,000 | 3,300,000 | 9,600,000 | 300,000 | 4,400,000 | 1,900,000 |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.