v3.20.4
Consolidated Balance Sheets - USD ($)
$ in Millions
Nov. 30, 2020
May 31, 2020
Assets    
Cash and cash equivalents $ 693.5 $ 905.2
Restricted cash 59.0 49.8
Corporate investments 174.9 27.2
Interest receivable 24.8 26.2
Accounts receivable, net of allowance for doubtful accounts 519.0 384.1
PEO unbilled receivables, net of advance collections 448.0 380.0
Prepaid income taxes 38.8 16.8
Prepaid expenses and other current assets 241.3 244.8
Current assets before funds held for clients 2,199.3 2,034.1
Funds held for clients 3,393.1 3,430.5
Total current assets 5,592.4 5,464.6
Long-term restricted cash 25.9 21.3
Long-term corporate investments 10.1 10.2
Property and equipment, net of accumulated depreciation 392.4 407.4
Operating lease right-of-use assets, net of accumulated amortization 99.6 114.8
Intangible assets, net of accumulated amortization 297.2 330.6
Goodwill 1,798.9 1,791.1
Long-term deferred costs 367.7 372.5
Other long-term assets 31.2 38.2
Total assets 8,615.4 8,550.7
Liabilities    
Accounts payable 70.4 79.4
Accrued corporate compensation and related items 149.3 131.7
Accrued worksite employee compensation and related items 518.3 512.4
Short-term borrowings 6.9 5.1
Accrued income taxes   50.5
Deferred revenue 40.6 39.2
Other current liabilities 309.9 277.6
Current liabilities before client fund obligations 1,095.4 1,095.9
Client fund obligations 3,284.6 3,331.0
Total current liabilities 4,380.0 4,426.9
Accrued income taxes 13.6 33.5
Deferred income taxes 240.4 240.8
Long-term borrowings, net of debt issuance costs 797.0 796.8
Operating lease liabilities 92.2 96.9
Other long-term liabilities 202.5 174.4
Total liabilities 5,725.7 5,769.3
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 November 30, 2020 and 358.8 shares as of May 31, 2020 3.6 3.6
Additional paid-in capital 1,394.1 1,289.9
Retained earnings 1,418.9 1,431.4
Accumulated other comprehensive income 73.1 56.5
Total stockholders' equity 2,889.7 2,781.4
Total liabilities and stockholders' equity $ 8,615.4 $ 8,550.7

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