Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Income and Comprehensive Income

v2.4.0.8
Consolidated Statements of Income and Comprehensive Income (USD $)
In Millions, except Per Share data, unless otherwise specified
 12 Months Ended
May 31, 2013
May 31, 2012
May 31, 2011
Revenue:      
Service revenue $ 2,285.2 $ 2,186.2 $ 2,036.2
Interest on funds held for clients 41.0 43.6 48.1
Total revenue 2,326.2 2,229.8 2,084.3
Expenses:      
Operating expenses 671.3 670.1 651.5
Selling, general and administrative expenses 750.1 705.8 646.4
Total expenses 1,421.4 1,375.9 1,297.9
Operating income 904.8 853.9 786.4
Investment income, net 6.6 6.4 5.8
Income before income taxes 911.4 860.3 792.2
Income taxes 342.4 312.3 276.9
Net income 569.0 548.0 515.3
Other comprehensive (loss)/income, net of tax:      
Unrealized (losses)/gains on securities, net of tax (15.7) 0.2 (4.9)
Total other comprehensive (loss)/income, net of tax (15.7) 0.2 (4.9)
Comprehensive income $ 553.3 $ 548.2 $ 510.4
Basic earnings per share $ 1.56 $ 1.51 $ 1.42
Diluted earnings per share $ 1.56 $ 1.51 $ 1.42
Weighted-average common shares outstanding 363.8 362.4 361.8
Weighted-average common shares outstanding, assuming dilution 364.7 363.0 362.4
Cash dividends per common share $ 1.31 $ 1.27 $ 1.24