Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Income

v2.4.0.6
Consolidated Statements of Income (USD $)
In Millions, except Per Share data, unless otherwise specified
12 Months Ended
May 31, 2012
May 31, 2011
May 31, 2010
Revenue:      
Service revenue $ 2,186.2 $ 2,036.2 $ 1,945.8
Interest on funds held for clients 43.6 48.1 55.0
Total revenue 2,229.8 2,084.3 2,000.8
Expenses:      
Operating expenses 680.8 653.6 653.6
Selling, general and administrative expenses 695.1 644.3 622.4
Total expenses 1,375.9 1,297.9 1,276.0
Operating income 853.9 786.4 724.8
Investment income, net 6.4 5.8 4.5
Income before income taxes 860.3 792.2 729.3
Income taxes 312.3 276.9 252.3
Net income $ 548.0 $ 515.3 $ 477.0
Basic earnings per share $ 1.51 $ 1.42 $ 1.32
Diluted earnings per share $ 1.51 $ 1.42 $ 1.32
Weighted-average common shares outstanding 362.4 361.8 361.4
Weighted-average common shares outstanding, assuming dilution 363.0 362.4 361.7
Cash dividends per common share $ 1.27 $ 1.24 $ 1.24