v3.21.2
Consolidated Balance Sheets - USD ($)
$ in Millions
Aug. 31, 2021
May 31, 2021
Assets    
Cash and cash equivalents $ 1,102.0 $ 995.2
Restricted cash 48.8 51.3
Corporate investments 39.6 36.7
Interest receivable 21.3 24.4
Accounts receivable, net of allowance for doubtful accounts 574.1 578.3
PEO unbilled receivables, net of advance collections 489.1 450.9
Prepaid income taxes   33.5
Prepaid expenses and other current assets 260.7 249.2
Current assets before funds held for clients 2,535.6 2,419.5
Funds held for clients 3,781.7 3,750.0
Total current assets 6,317.3 6,169.5
Long-term restricted cash 34.8 37.0
Long-term corporate investments 7.1 7.1
Property and equipment, net of accumulated depreciation 395.4 395.8
Operating lease right-of-use assets, net of accumulated amortization 104.2 103.0
Intangible assets, net of accumulated amortization 260.0 275.8
Goodwill 1,816.7 1,820.7
Long-term deferred costs 387.4 384.1
Other long-term assets 44.4 34.2
Total assets 9,367.3 9,227.2
Liabilities    
Accounts payable 79.0 89.0
Accrued corporate compensation and related items 132.0 209.7
Accrued worksite employee compensation and related items 595.6 586.4
Short-term borrowings 7.1 7.4
Accrued income taxes 40.9  
Deferred revenue 38.6 37.9
Other current liabilities 361.3 336.8
Current liabilities before client fund obligations 1,254.5 1,267.2
Client fund obligations 3,703.4 3,671.0
Total current liabilities 4,957.9 4,938.2
Accrued income taxes 42.3 25.8
Deferred income taxes 225.7 218.0
Long-term borrowings, net of debt issuance costs 797.4 797.3
Operating lease liabilities 92.6 92.4
Other long-term liabilities 207.9 207.5
Total liabilities 6,323.8 6,279.2
Commitments and contingencies - Note H
Stockholders' equity    
Common stock, $0.01 par value; Authorized: 600.0 shares; Issued and outstanding: 360.6 shares as of August 31, 2021 and 359.8 shares as of May 31, 2021 3.6 3.6
Additional paid-in capital 1,481.5 1,446.7
Retained earnings 1,513.3 1,445.9
Accumulated other comprehensive income 45.1 51.8
Total stockholders' equity 3,043.5 2,948.0
Total liabilities and stockholders' equity $ 9,367.3 $ 9,227.2

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