v3.21.1
Consolidated Balance Sheets - USD ($)
$ in Millions
Feb. 28, 2021
May 31, 2020
Assets    
Cash and cash equivalents $ 787.0 $ 905.2
Restricted cash 54.4 49.8
Corporate investments 203.7 27.2
Interest receivable 22.9 26.2
Accounts receivable, net of allowance for doubtful accounts 694.8 384.1
PEO unbilled receivables, net of advance collections 388.2 380.0
Prepaid income taxes 15.0 16.8
Prepaid expenses and other current assets 244.9 244.8
Current assets before funds held for clients 2,410.9 2,034.1
Funds held for clients 4,211.3 3,430.5
Total current assets 6,622.2 5,464.6
Long-term restricted cash 25.9 21.3
Long-term corporate investments 9.9 10.2
Property and equipment, net of accumulated depreciation 393.1 407.4
Operating lease right-of-use assets, net of accumulated amortization 101.8 114.8
Intangible assets, net of accumulated amortization 287.9 330.6
Goodwill 1,819.6 1,791.1
Long-term deferred costs 374.4 372.5
Other long-term assets 31.1 38.2
Total assets 9,665.9 8,550.7
Liabilities    
Accounts payable 73.9 79.4
Accrued corporate compensation and related items 164.3 131.7
Accrued worksite employee compensation and related items 609.4 512.4
Short-term borrowings 7.0 5.1
Accrued income taxes   50.5
Deferred revenue 38.4 39.2
Other current liabilities 333.5 277.6
Current liabilities before client fund obligations 1,226.5 1,095.9
Client fund obligations 4,129.5 3,331.0
Total current liabilities 5,356.0 4,426.9
Accrued income taxes 18.5 33.5
Deferred income taxes 233.3 240.8
Long-term borrowings, net of debt issuance costs 797.2 796.8
Operating lease liabilities 92.7 96.9
Other long-term liabilities 191.8 174.4
Total liabilities 6,689.5 5,769.3
Commitments and contingencies - Note H
Stockholders' equity    
Common stock, $0.01 par value; Authorized: 600.0 shares; Issued and outstanding: 360.3 shares as of February 28, 2021 and 358.8 shares as of May 31, 2020 3.6 3.6
Additional paid-in capital 1,416.3 1,289.9
Retained earnings 1,499.3 1,431.4
Accumulated other comprehensive income 57.2 56.5
Total stockholders' equity 2,976.4 2,781.4
Total liabilities and stockholders' equity $ 9,665.9 $ 8,550.7

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