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
Nov. 30, 2013
May 31, 2013
ASSETS    
Cash and cash equivalents $ 213.0 $ 107.3
Corporate investments 250.4 398.2
Interest receivable 34.8 32.4
Accounts receivable, net of allowance for doubtful accounts 178.8 133.4
Deferred income taxes 0.1 2.3
Prepaid income taxes 31.6 49.9
Prepaid expenses and other current assets 43.1 36.6
Current assets before funds held for clients 751.8 760.1
Funds held for clients 3,912.0 4,072.5
Total current assets 4,663.8 4,832.6
Long-term corporate investments 375.9 369.1
Property and equipment, net of accumulated depreciation 351.4 346.0
Intangible assets, net of accumulated amortization 43.6 45.2
Goodwill 540.0 533.9
Deferred income taxes 36.1 34.1
Other long-term assets 8.6 2.8
Total assets 6,019.4 6,163.7
LIABILITIES    
Accounts payable 36.4 42.7
Accrued compensation and related items 135.8 138.2
Deferred income taxes 16.0 8.1
Other current liabilities 41.3 39.5
Current liabilities before client fund obligations 229.5 228.5
Client fund obligations 3,889.6 4,039.7
Total current liabilities 4,119.1 4,268.2
Accrued income taxes 23.7 19.7
Deferred income taxes 61.6 53.3
Other long-term liabilities 54.6 48.8
Total liabilities 4,259.0 4,390.0
COMMITMENTS AND CONTINGENCIES - NOTE I      
STOCKHOLDERS' EQUITY    
Common stock, $0.01 par value; Authorized: 600.0 shares; Issued and outstanding: 364.2 shares as of November 30, 2013 and 365.4 shares as of May 31, 2013, respectively. 3.6 3.7
Additional paid-in capital 749.9 659.5
Retained earnings 993.2 1,088.5
Accumulated other comprehensive income 13.7 22.0
Total stockholders' equity 1,760.4 1,773.7
Total liabilities and stockholders' equity $ 6,019.4 $ 6,163.7