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 |
|---|---|---|---|---|
| Net income (loss) | 18,100,000 | 54,800,000 | (73,400,000) | (75,400,000) |
| 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) |
| Depreciation and amortization | 209,800,000 | 132,500,000 | 89,000,000 | 77,500,000 |
| Amortization of debt issuance costs and debt discount | 4,200,000 | 4,400,000 | 4,600,000 | 16,900,000 |
| Loss on debt extinguishment | 4,300,000 | — | — | — |
| Provision for doubtful accounts | 10,100,000 | 5,400,000 | 2,200,000 | 1,800,000 |
| Net periodic pension and postretirement cost | 10,100,000 | 1,100,000 | 4,800,000 | 8,800,000 |
| Share-based compensation expense | 155,500,000 | 136,700,000 | 144,800,000 | 113,400,000 |
| 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 |
| Other | 100,000 | 1,000,000 | (200,000) | 900,000 |
| 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) |
| Prepaid expenses and other current assets | (3,300,000) | (22,100,000) | (11,400,000) | (12,300,000) |
| 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 |
| Deferred revenue | (4,400,000) | (1,300,000) | (5,600,000) | 5,500,000 |
| Employee compensation and benefits | 12,800,000 | (7,500,000) | 21,200,000 | 2,300,000 |
| Accrued interest | — | — | 200,000 | 400,000 |
| Accrued taxes | (3,600,000) | (4,700,000) | 7,500,000 | 400,000 |
| Payment of contingent consideration | (20,900,000) | — | — | — |
| Other assets and liabilities | (10,400,000) | (10,700,000) | (14,300,000) | (11,800,000) |
| Net cash provided by operating activities | 281,100,000 | 219,500,000 | 132,600,000 | 48,800,000 |
| Cash Flows from Investing Activities | ||||
| Purchases of customer funds marketable securities | (541,100,000) | (528,100,000) | (652,800,000) | (763,800,000) |
| 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 |
| Expenditures for property, plant, and equipment | (14,300,000) | (19,000,000) | (20,200,000) | (11,500,000) |
| Expenditures for software and technology | — | — | (74,300,000) | (52,200,000) |
| 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) |
| Other | — | (1,000,000) | — | — |
| Net cash used in investing activities | (471,900,000) | (202,800,000) | (342,500,000) | (711,100,000) |
| Cash flows from financing activities | ||||
| 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 |
| Proceeds from revolving credit facility | — | — | — | 295,000,000 |
| Repayment of revolving credit facility | — | — | — | (295,000,000) |
| Repurchases of common stock | (36,100,000) | — | — | — |
| Proceeds from debt issuance | 650,000,000 | — | — | — |
| Repayment of long-term debt obligations | (648,300,000) | (7,900,000) | (8,400,000) | (7,800,000) |
| 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) |
| 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 |
| Effect of exchange rate changes on cash, restricted cash, and equivalents | (36,300,000) | 11,500,000 | (8,100,000) | (20,900,000) |
| Net (decrease) increase in cash, restricted cash, and equivalents | (167,500,000) | 270,200,000 | 652,100,000 | (275,700,000) |
| 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 |
| 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 |
| Supplemental cash flow Information | ||||
| Cash paid for interest | 45,300,000 | 52,400,000 | 30,100,000 | 19,100,000 |
| Cash paid for income taxes | 56,400,000 | 43,000,000 | 17,600,000 | 33,400,000 |
| Cash received from income tax refunds | 800,000 | 600,000 | 8,000,000 | 3,300,000 |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.