Cash flow Dayforce, Inc.

Equities

DAY

US15677J1088

Software

Delayed Nyse Other stock markets 03:47:49 2025-01-23 pm EST			5-day change	1st Jan Change
69.98 ^USD	+0.12%		-0.23%	-3.61%

Jan. 16	Citigroup Adjusts Price Target on Dayforce to $83 From $90, Maintains Buy Rating	MT
Jan. 10	Barclays Adjusts Dayforce's Price Target to $80 From $84, Keeps Equalweight Rating	MT

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Published financial data: DAYFORCE, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	824M	842M	1.02B	1.25B	1.51B
Total Revenues	824M	842M	1.02B	1.25B	1.51B
Cost of Goods Sold, Total	417M	456M	588M	691M	800M
Gross Profit	407M	386M	436M	556M	713M
Selling General & Admin Expenses, Total	278M	306M	414M	490M	512M
Depreciation & Amortization - (IS)	36.4M	40.5M	50.9M	55M	66.8M
Other Operating Expenses, Total	315M	347M	465M	545M	579M
Operating Income	92.7M	39.1M	-29.4M	10.8M	134M
Interest Expense, Total	-32.4M	-25.1M	-35.9M	-28.6M	-36.1M
Net Interest Expenses	-32.4M	-25.1M	-35.9M	-28.6M	-36.1M
Currency Exchange Gains (Loss)	-400K	1M	-5.3M	-3.5M	-
Other Non Operating Income (Expenses)	-2.9M	-800K	-600K	-200K	2M
EBT, Excl. Unusual Items	57M	14.2M	-71.2M	-21.5M	100M
Restructuring Charges	-6.2M	-9.7M	-7.4M	-33.7M	-
Merger & Related Restructuring Charges	-	-	-4.2M	-	-
Gain (Loss) On Sale Of Assets	-	-	19.1M	-	-
Asset Writedown	-	-16.8M	-1.8M	-	-
Other Unusual Items	-16.5M	-7.7M	-24.8M	-7.7M	-4.3M
EBT, Incl. Unusual Items	34.3M	-20M	-90.3M	-62.9M	96M
Income Tax Expense	-44.4M	-16M	-14.9M	10.5M	41.2M
Earnings From Continuing Operations	78.7M	-4M	-75.4M	-73.4M	54.8M
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	78.7M	-4M	-75.4M	-73.4M	54.8M
Minority Interest	-	-	-	-	-
Net Income - (IS)	78.7M	-4M	-75.4M	-73.4M	54.8M
Preferred Dividend and Other Adjustments	-	-	-	-	-
Net Income to Common Incl Extra Items	78.7M	-4M	-75.4M	-73.4M	54.8M
Net Income to Common Excl. Extra Items	78.7M	-4M	-75.4M	-73.4M	54.8M
Per Share Items
Net EPS - Basic	0.55	-0.03	-0.5	-0.48	0.35
Basic EPS - Continuing Operations	0.55	-0.03	-0.5	-0.48	0.35
Basic Weighted Average Shares Outstanding	142M	147M	150M	153M	155M
Net EPS - Diluted	0.53	-0.03	-0.5	-0.48	0.35
Diluted EPS - Continuing Operations	0.53	-0.03	-0.5	-0.48	0.35
Diluted Weighted Average Shares Outstanding	149M	147M	150M	153M	158M
Normalized Basic EPS	0.25	0.06	-0.3	-0.09	0.4
Normalized Diluted EPS	0.24	0.06	-0.3	-0.09	0.4
Supplemental Items
EBITDA	122M	60.3M	11.1M	56.3M	213M
EBITA	109M	42.9M	-5.5M	41.7M	195M
EBIT	92.7M	39.1M	-29.4M	10.8M	134M
EBITDAR	130M	65.3M	15M	65.6M	221M
Total Revenues (As Reported)	824M	842M	1.02B	1.25B	1.51B
Effective Tax Rate - (Ratio)	-129.45	80	16.5	-16.69	42.92
Current Domestic Taxes	7.5M	-6.4M	1.3M	6.4M	11.4M
Current Foreign Taxes	17.5M	-2.6M	22.3M	5.8M	25.7M
Total Current Taxes	25M	-9M	23.6M	12.2M	37.1M
Deferred Domestic Taxes	-61.9M	-1M	-27.3M	5.7M	7.7M
Deferred Foreign Taxes	-7.5M	-6M	-11.2M	-7.4M	-3.6M
Total Deferred Taxes	-69.4M	-7M	-38.5M	-1.7M	4.1M
Normalized Net Income	35.62M	8.88M	-44.5M	-13.44M	62.69M
Interest Capitalized	800K	500K	400K	800K	700K
Interest on Long-Term Debt	-	900K	17.6M	5.7M	5.2M
Non-Cash Pension Expense	7.3M	5.5M	10.9M	6.5M	3M
Supplemental Operating Expense Items
Advertising Expense	5.4M	5.5M	7.5M	11.3M	14.2M
Selling and Marketing Expenses	5.4M	5.5M	7.5M	11.3M	250M
General and Administrative Expenses	-	-	-	-	259M
Research And Development Expense From Footnotes	62.4M	70.2M	118M	136M	166M
Net Rental Expense, Total	8.4M	5M	3.9M	9.3M	8.4M
Imputed Operating Lease Interest Expense	3.22M	1.43M	1.2M	1.8M	1.98M
Imputed Operating Lease Depreciation	5.18M	3.57M	2.7M	7.5M	6.42M
Stock-Based Comp., COGS (Total)	-	18.6M	-	-	15.4M
Stock-Based Comp., SG&A Exp. (Total)	-	50.3M	-	-	-
Stock-Based Comp., Other (Total)	36.5M	-	113M	145M	121M
Total Stock-Based Compensation	36.5M	68.9M	113M	145M	137M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	281M	188M	368M	432M	570M
Total Cash And Short Term Investments	281M	188M	368M	432M	570M
Accounts Receivable, Total	69.6M	87.6M	122M	134M	164M
Other Receivables	10.8M	13.5M	23.9M	46.3M	65.3M
Total Receivables	80.4M	101M	146M	180M	229M
Prepaid Expenses	56.7M	71.7M	89.2M	95.2M	124M
Restricted Cash	-	-	1.9M	800K	800K
Other Current Assets, Total	3.21B	3.76B	3.54B	4.19B	5.03B
Total Current Assets	3.62B	4.12B	4.14B	4.89B	5.96B
Gross Property Plant And Equipment	480M	511M	540M	642M	731M
Accumulated Depreciation	-320M	-346M	-383M	-443M	-501M
Net Property Plant And Equipment	160M	164M	158M	199M	229M
Goodwill	1.97B	2.03B	2.32B	2.28B	2.29B
Other Intangibles, Total	178M	195M	332M	282M	230M
Deferred Charges Long-Term	106M	133M	144M	151M	192M
Other Long-Term Assets, Total	43.9M	54.7M	63.9M	111M	110M
Total Assets	6.09B	6.7B	7.17B	7.92B	9.01B
Liabilities
Accounts Payable, Total	43.2M	38.9M	51.7M	54.3M	66.7M
Accrued Expenses, Total	89.8M	85.1M	102M	121M	115M
Current Portion of Long-Term Debt	6.8M	6.8M	6.8M	6.8M	6.8M
Current Portion of Leases	12.8M	10.9M	12.8M	11M	7.8M
Unearned Revenue Current, Total	25.5M	24.4M	48.7M	41.2M	40.2M
Other Current Liabilities	3.19B	3.7B	3.52B	4.3B	5.1B
Total Current Liabilities	3.37B	3.86B	3.74B	4.53B	5.33B
Long-Term Debt	658M	652M	1.12B	1.21B	1.2B
Long-Term Leases	38.5M	42M	40.8M	31.1M	25.4M
Pension & Other Post Retirement Benefits	117M	24.4M	20.7M	17.7M	27.7M
Other Non Current Liabilities	18.1M	20.6M	19M	19.5M	21.1M
Total Liabilities	4.2B	4.6B	4.94B	5.81B	6.61B
Preferred Stock Convertible	-	-	-	-	-
Preferred Stock - Others	-	-	-	-	-
Total Preferred Equity	-	-	-	-	-
Common Stock, Total	1.4M	1.5M	1.5M	1.5M	1.6M
Additional Paid In Capital	2.45B	2.61B	2.86B	2.97B	3.15B
Retained Earnings	-230M	-234M	-309M	-373M	-318M
Comprehensive Income and Other	-338M	-276M	-325M	-485M	-437M
Total Common Equity	1.88B	2.1B	2.23B	2.11B	2.4B
Minority Interest	-	-	-	-	-
Total Equity	1.88B	2.1B	2.23B	2.11B	2.4B
Total Liabilities And Equity	6.09B	6.7B	7.17B	7.92B	9.01B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	145M	149M	152M	154M	157M
ECS Total Common Shares Outstanding	144M	149M	152M	154M	156M
Book Value / Share	13.04	14.12	14.66	13.71	15.34
Tangible Book Value	-269M	-129M	-429M	-452M	-126M
Tangible Book Value Per Share	-1.86	-0.87	-2.82	-2.94	-0.81
Total Debt	716M	712M	1.18B	1.25B	1.24B
Net Debt	435M	524M	809M	823M	673M
Debt Equivalent of Unfunded Proj. Benefit Obligation	122M	-3.5M	-1.6M	11.1M	21.5M
Debt Equivalent Oper. Leases	67.2M	40M	31.2M	74.4M	67.2M
Minority Interest, Total (Incl. Fin. Div)	-	-	-	-	-
Account Code - Inventory Valuation	3	3	3	3	3
Land - (BS)	7.5M	7.5M	-	-	-
Buildings, Total	59.2M	48.9M	31.9M	41.8M	44.9M
Machinery, Total	116M	120M	122M	126M	130M
Full Time Employees	5.01K	5.97K	7.46K	8.53K	9.08K
Accumulated Allowance for Doubtful Accounts (Supple)	2.4M	3.1M	3.9M	4.6M	8.4M
Order Backlog	-	917M	1.12B	1.14B	1.22B

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	78.7M	-4M	-75.4M	-73.4M	54.8M
Depreciation & Amortization - CF	12.6M	17.4M	16.6M	14.6M	18M
Amortization of Goodwill and Intangible Assets - (CF)	16.2M	3.8M	23.9M	30.9M	60.5M
Depreciation & Amortization, Total	28.8M	21.2M	40.5M	45.5M	78.5M
Amortization of Deferred Charges, Total - (CF)	29.5M	31.8M	53.9M	48.1M	58.4M
(Gain) Loss From Sale Of Asset	-	-	-19.1M	-	-
Asset Writedown & Restructuring Costs	-	-	2.9M	-	-
Stock-Based Compensation (CF)	36.5M	65.8M	113M	145M	137M
Provision and Write-off of Bad Debts	3.2M	2M	1.8M	2.2M	5.4M
Net Cash From Discontinued Operations	-	-	-	-	-
Other Operating Activities, Total	-64.6M	14.1M	-28.2M	7.5M	10.5M
Change In Accounts Receivable	-16.4M	-12M	-34.8M	-39.5M	-48.3M
Change In Accounts Payable	3.8M	-1.4M	9.3M	-200K	9.3M
Change in Unearned Revenues	800K	-1.2M	5.5M	-5.6M	-1.3M
Change In Income Taxes	-11.1M	-3.7M	400K	7.5M	-4.7M
Change in Other Net Operating Assets	-38.6M	-143M	-21.4M	-4.3M	-79.8M
Cash from Operations	50.6M	-30.2M	48.8M	133M	220M
Capital Expenditure	-16.3M	-18.1M	-11.5M	-20.2M	-19M
Sale of Property, Plant, and Equipment	-	-	37.9M	-	-
Cash Acquisitions	-30.2M	-58.3M	-410M	-	-
Divestitures	-	-	-	-	-
Sale (Purchase) of Intangible assets	-38.9M	-41.7M	-52.2M	-74.3M	-95.4M
Investment in Marketable and Equity Securities, Total	-33.9M	157M	-276M	-248M	-87.4M
Other Investing Activities, Total	-	-	-	-	-1M
Cash from Investing	-119M	38.8M	-711M	-342M	-203M
Short Term Debt Issued, Total	-	295M	295M	-	-
Long-Term Debt Issued, Total	-	-	562M	-	-
Total Debt Issued	-	295M	857M	-	-
Short Term Debt Repaid, Total	-	-295M	-295M	-	-
Long-Term Debt Repaid, Total	-7.2M	-10M	-7.8M	-8.4M	-7.9M
Total Debt Repaid	-7.2M	-305M	-303M	-8.4M	-7.9M
Issuance of Common Stock	87M	91.7M	95.4M	38.4M	49M
Repurchase of Common Stock	-	-	-	-	-
Issuance of Preferred Stock	-	-	-	-	-
Other Financing Activities, Total	530M	484M	-242M	840M	201M
Cash from Financing	610M	565M	408M	870M	242M
Foreign Exchange Rate Adjustments	11.3M	-4M	-20.9M	-8.1M	11.5M
Miscellaneous Cash Flow Adjustments	-	-	-	-	-
Net Change in Cash	552M	570M	-276M	652M	270M
Supplemental Items
Cash Interest Paid	37.4M	26.7M	19.1M	30.1M	52.4M
Cash Income Tax Paid (Refund)	35.9M	-5.4M	30.1M	9.6M	42.4M
Levered Free Cash Flow	40.49M	-27.05M	137M	241M	102M
Unlevered Free Cash Flow	59.54M	-12.56M	143M	254M	121M
Change In Net Working Capital	36.8M	97.9M	-33.9M	-108M	118M
Net Debt Issued / Repaid	-7.2M	-10M	554M	-8.4M	-7.9M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	1.02	0.38	-0.26	0.09	0.96
Return on Total Capital	2.37	0.9	-0.59	0.2	2.4
Return On Equity %	4.5	-0.2	-3.49	-3.38	2.43
Return on Common Equity	4.5	-0.2	-3.49	-3.38	2.43
Margin Analysis
Gross Profit Margin %	49.42	45.82	42.57	44.58	47.12
SG&A Margin	33.76	36.37	40.47	39.3	33.83
EBITDA Margin %	14.74	7.16	1.08	4.52	14.06
EBITA Margin %	13.21	5.09	-0.54	3.35	12.88
EBIT Margin %	11.25	4.64	-2.87	0.87	8.88
Income From Continuing Operations Margin %	9.55	-0.47	-7.36	-5.89	3.62
Net Income Margin %	9.55	-0.47	-7.36	-5.89	3.62
Net Avail. For Common Margin %	9.55	-0.47	-7.36	-5.89	3.62
Normalized Net Income Margin	4.32	1.05	-4.34	-1.08	4.14
Levered Free Cash Flow Margin	4.91	-3.21	13.39	19.31	6.77
Unlevered Free Cash Flow Margin	7.22	-1.49	13.94	20.38	7.97
Asset Turnover
Asset Turnover	0.15	0.13	0.15	0.17	0.17
Fixed Assets Turnover	6.23	5.19	6.36	6.99	7.07
Receivables Turnover (Average Receivables)	12.97	10.72	9.75	9.73	10.18
Short Term Liquidity
Current Ratio	1.07	1.07	1.11	1.08	1.12
Quick Ratio	0.11	0.07	0.14	0.13	0.15
Operating Cash Flow to Current Liabilities	0.02	-0.01	0.01	0.03	0.04
Days Sales Outstanding (Average Receivables)	28.15	34.15	37.42	37.52	35.84
Average Days Payable Outstanding	37.09	32.91	28.11	28.01	27.59
Long Term Solvency
Total Debt/Equity	38.04	33.93	52.83	59.49	51.86
Total Debt / Total Capital	27.56	25.33	34.57	37.3	34.15
LT Debt/Equity	37	33.09	51.95	58.65	51.25
Long-Term Debt / Total Capital	26.8	24.7	33.99	36.77	33.75
Total Liabilities / Total Assets	69.07	68.69	68.92	73.36	73.39
EBIT / Interest Expense	2.86	1.56	-0.82	0.38	3.72
EBITDA / Interest Expense	4.01	2.6	0.42	2.29	6.13
(EBITDA - Capex) / Interest Expense	3.51	1.88	0.1	1.59	5.6
Total Debt / EBITDA	5.51	10.9	78.45	19.13	5.62
Net Debt / EBITDA	3.35	8.02	53.95	12.55	3.04
Total Debt / (EBITDA - Capex)	6.3	15.08	336.2	27.64	6.15
Net Debt / (EBITDA - Capex)	3.83	11.1	231.2	18.13	3.33
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	11.26	2.23	21.57	21.68	21.47
Gross Profit, 1 Yr. Growth %	15.84	-5.23	12.95	27.43	30.24
EBITDA, 1 Yr. Growth %	27.49	-50.37	-81.47	361.48	470.78
EBITA, 1 Yr. Growth %	30.58	-60.61	-112.94	-1.05K	758.59