v3.21.4
Consolidated Balance Sheets - USD ($)
$ in Millions
Nov. 30, 2021
May 31, 2021
Assets    
Cash and cash equivalents $ 636.2 $ 995.2
Restricted cash 52.5 51.3
Corporate investments 376.0 36.7
Interest receivable 22.7 24.4
Accounts receivable, net of allowance for credit losses 817.0 578.3
PEO unbilled receivables, net of advance collections 531.8 450.9
Prepaid income taxes 57.3 33.5
Prepaid expenses and other current assets 264.3 249.2
Current assets before funds held for clients 2,757.8 2,419.5
Funds held for clients 3,874.6 3,750.0
Total current assets 6,632.4 6,169.5
Long-term restricted cash 29.9 37.0
Long-term corporate investments 7.0 7.1
Property and equipment, net of accumulated depreciation 398.6 395.8
Operating lease right-of-use assets, net of accumulated amortization 97.3 103.0
Intangible assets, net of accumulated amortization 245.9 275.8
Goodwill 1,832.3 1,820.7
Long-term deferred costs 394.0 384.1
Other long-term assets 50.7 34.2
Total assets 9,688.1 9,227.2
Liabilities    
Accounts payable 85.9 89.0
Accrued corporate compensation and related items 170.2 209.7
Accrued worksite employee compensation and related items 669.8 586.4
Short-term borrowings 8.9 7.4
Deferred revenue 39.8 37.9
Other current liabilities 408.4 336.8
Current liabilities before client fund obligations 1,383.0 1,267.2
Client fund obligations 3,838.9 3,671.0
Total current liabilities 5,221.9 4,938.2
Accrued income taxes 44.6 25.8
Deferred income taxes 207.6 218.0
Long-term borrowings, net of debt issuance costs 797.5 797.3
Operating lease liabilities 86.7 92.4
Other long-term liabilities 210.0 207.5
Total liabilities 6,568.3 6,279.2
Commitments and contingencies - Note H
Stockholders' equity    
Common stock, $0.01 par value; Authorized: 600.0 shares; Issued and outstanding: 360.8 shares as of November 30, 2021 and 359.8 shares as of May 31, 2021 3.6 3.6
Additional paid-in capital 1,505.5 1,446.7
Retained earnings 1,606.9 1,445.9
Accumulated other comprehensive income 3.8 51.8
Total stockholders' equity 3,119.8 2,948.0
Total liabilities and stockholders' equity $ 9,688.1 $ 9,227.2

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