v3.21.2
Consolidated Balance Sheets - USD ($)
$ in Millions
May 31, 2021
May 31, 2020
Assets    
Cash and cash equivalents $ 995.2 $ 905.2
Restricted cash 51.3 49.8
Corporate investments 36.7 27.2
Interest receivable 24.4 26.2
Accounts receivable, net of allowance for doubtful accounts 578.3 384.1
PEO unbilled receivables, net of advance collections 450.9 380.0
Prepaid income taxes 33.5 16.8
Prepaid expenses and other current assets 249.2 244.8
Current assets before funds held for clients 2,419.5 2,034.1
Funds held for clients 3,750.0 3,430.5
Total current assets 6,169.5 5,464.6
Long-term restricted cash 37.0 21.3
Long-term corporate investments 7.1 10.2
Property and equipment, net of accumulated depreciation 395.8 407.4
Operating lease right-of-use assets, net of accumulated amortization 103.0 114.8
Intangible assets, net of accumulated amortization 275.8 330.6
Goodwill 1,820.7 1,791.1
Long-term deferred costs 384.1 372.5
Other long-term assets 34.2 38.2
Total assets 9,227.2 8,550.7
Liabilities    
Accounts payable 89.0 79.4
Accrued corporate compensation and related items 209.7 131.7
Accrued worksite employee compensation and related items 586.4 512.4
Short-term borrowings 7.4 5.1
Accrued income taxes   50.5
Deferred revenue 37.9 39.2
Other current liabilities 336.8 277.6
Current liabilities before client fund obligations 1,267.2 1,095.9
Client fund obligations 3,671.0 3,331.0
Total current liabilities 4,938.2 4,426.9
Accrued income taxes 25.8 33.5
Deferred income taxes 218.0 240.8
Long-term borrowings, net of debt issuance costs 797.3 796.8
Operating lease liabilities 92.4 96.9
Other long-term liabilities 207.5 174.4
Total liabilities 6,279.2 5,769.3
Commitments and contingencies - Note Q
Stockholders' equity    
Common stock, $0.01 par value; Authorized: 600.0 shares; Issued and outstanding: 359.8 shares as of May 31, 2021 and 358.8 shares as of May 31, 2020 3.6 3.6
Additional paid-in capital 1,446.7 1,289.9
Retained earnings 1,445.9 1,431.4
Accumulated other comprehensive income 51.8 56.5
Total stockholders' equity 2,948.0 2,781.4
Total liabilities and stockholders' equity $ 9,227.2 $ 8,550.7

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