PAYCHEX INC Annual Amortization of Intangible Assets in USD from 2009 to 2023

Taxonomy & unit
us-gaap: USD
Description
The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method.
Summary
Paychex Inc quarterly/annual Amortization of Intangible Assets history and growth rate from 2009 to 2023.
  • Paychex Inc Amortization of Intangible Assets for the quarter ending August 31, 2024 was $11.8M, a 9.26% increase year-over-year.
  • Paychex Inc Amortization of Intangible Assets for the twelve months ending August 31, 2024 was $50M, a 7.76% increase year-over-year.
  • Paychex Inc annual Amortization of Intangible Assets for 2023 was $49M, a 1.66% increase from 2022.
  • Paychex Inc annual Amortization of Intangible Assets for 2022 was $48.2M, a 17% decline from 2021.
  • Paychex Inc annual Amortization of Intangible Assets for 2021 was $58.1M, a 15.3% decline from 2020.
Amortization of Intangible Assets, Trailing 12 Months (USD)
Amortization of Intangible Assets, Annual (USD)
Amortization of Intangible Assets, YoY Annual Growth (%)
Period Value YoY Chg Change % Start Date End Date Report Filed
2023 $49M +$800K +1.66% Jun 1, 2023 May 31, 2024 10-K 2024-07-11
2022 $48.2M -$9.9M -17% Jun 1, 2022 May 31, 2023 10-K 2024-07-11
2021 $58.1M -$10.5M -15.3% Jun 1, 2021 May 31, 2022 10-K 2024-07-11
2020 $68.6M -$13.3M -16.2% Jun 1, 2020 May 31, 2021 10-K 2023-07-14
2019 $81.9M +$26.1M +46.8% Jun 1, 2019 May 31, 2020 10-K 2022-07-15
2018 $55.8M +$34.7M +164% Jun 1, 2018 May 31, 2019 10-K 2021-07-16
2017 $21.1M +$3M +16.6% Jun 1, 2017 May 31, 2018 10-K 2020-07-17
2016 $18.1M +$2.2M +13.8% Jun 1, 2016 May 31, 2017 10-K 2019-07-24
2015 $15.9M +$1.4M +9.66% Jun 1, 2015 May 31, 2016 10-K 2018-07-20
2014 $14.5M -$1.4M -8.81% Jun 1, 2014 May 31, 2015 10-K 2017-07-21
2013 $15.9M -$3.1M -16.3% Jun 1, 2013 May 31, 2014 10-K 2016-07-22
2012 $19M -$4M -17.4% Jun 1, 2012 May 31, 2013 10-K 2015-07-21
2011 $23M +$2.7M +13.3% Jun 1, 2011 May 31, 2012 10-K 2014-07-22
2010 $20.3M -$800K -3.79% Jun 1, 2010 May 31, 2011 10-K 2013-07-22
2009 $21.1M Jun 1, 2009 May 31, 2010 10-K 2012-07-20
* An asterisk sign (*) next to the value indicates that the value is likely invalid.