Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets (Unaudited)

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Consolidated Balance Sheets (Unaudited) (USD $)
In Millions, unless otherwise specified
Aug. 31, 2013
May 31, 2013
ASSETS    
Cash and cash equivalents $ 111.6 $ 107.3
Corporate investments 447.6 398.2
Interest receivable 28.7 32.4
Accounts receivable, net of allowance for doubtful accounts 154.7 133.4
Deferred income taxes 2.0 2.3
Prepaid income taxes 0 49.9
Prepaid expenses and other current assets 42.0 36.6
Current assets before funds held for clients 786.6 760.1
Funds held for clients 3,911.7 4,072.5
Total current assets 4,698.3 4,832.6
Long-term corporate investments 365.6 369.1
Property and equipment, net of accumulated depreciation 350.5 346.0
Intangible assets, net of accumulated amortization 42.1 45.2
Goodwill 533.9 533.9
Deferred income taxes 36.3 34.1
Other long-term assets 4.5 2.8
Total assets 6,031.2 6,163.7
LIABILITIES    
Accounts payable 40.4 42.7
Accrued compensation and related items 129.3 138.2
Deferred revenue 4.5 5.2
Accrued income taxes 25.6 0
Deferred income taxes 2.3 8.1
Other current liabilities 35.1 34.3
Current liabilities before client fund obligations 237.2 228.5
Client fund obligations 3,913.2 4,039.7
Total current liabilities 4,150.4 4,268.2
Accrued income taxes 21.8 19.7
Deferred income taxes 58.3 53.3
Other long-term liabilities 52.3 48.8
Total liabilities 4,282.8 4,390.0
COMMITMENTS AND CONTINGENCIES - NOTE I      
STOCKHOLDERS' EQUITY    
Common stock, $0.01 par value; Authorized: 600.0 shares; Issued and outstanding: 365.2 shares as of August 31, 2013 and 365.4 shares as of May 31, 2013, respectively. 3.7 3.7
Additional paid-in capital 715.4 659.5
Retained earnings 1,034.2 1,088.5
Accumulated other comprehensive (loss)/income (4.9) 22.0
Total stockholders' equity 1,748.4 1,773.7
Total liabilities and stockholders' equity $ 6,031.2 $ 6,163.7