v3.21.1
Consolidated Statements of Income and Comprehensive Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Feb. 28, 2021
Feb. 29, 2020
Feb. 28, 2021
Feb. 29, 2020
Revenue:        
Total service revenue $ 1,096.6 $ 1,121.5 $ 2,982.8 $ 3,063.8
Interest on funds held for clients 15.1 21.2 44.8 61.6
Total revenue 1,111.7 1,142.7 3,027.6 3,125.4
Expenses:        
Cost of service revenue 328.4 340.3 955.4 989.1
Selling, general and administrative expenses 314.7 332.3 965.3 975.4
Total expenses 643.1 672.6 1,920.7 1,964.5
Operating income 468.6 470.1 1,106.9 1,160.9
Other expense, net (6.0) (5.9) (18.6) (15.4)
Income before income taxes 462.6 464.2 1,088.3 1,145.5
Income taxes 112.1 109.7 253.8 268.1
Net income 350.5 354.5 834.5 877.4
Other comprehensive (loss)/income, net of tax (15.9) 33.6 0.7 45.1
Comprehensive income $ 334.6 $ 388.1 $ 835.2 $ 922.5
Basic earnings per share $ 0.97 $ 0.99 $ 2.32 $ 2.45
Diluted earnings per share $ 0.97 $ 0.98 $ 2.31 $ 2.43
Weighted-average common shares outstanding 360.6 358.5 359.8 358.5
Weighted-average common shares outstanding, assuming dilution 362.8 361.0 362.0 361.1
Management Solutions [Member]        
Revenue:        
Total service revenue $ 846.8 $ 850.0 $ 2,267.0 $ 2,301.2
PEO And Insurance Solutions [Member]        
Revenue:        
Total service revenue $ 249.8 $ 271.5 $ 715.8 $ 762.6

Source