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, 2014
May 31, 2013
May 31, 2012
Revenue:      
Service revenue $ 2,478.2 $ 2,285.2 $ 2,186.2
Interest on funds held for clients 40.7 41.0 43.6
Total revenue 2,518.9 2,326.2 2,229.8
Expenses:      
Operating expenses 732.5 671.3 670.1
Selling, general and administrative expenses 803.7 750.1 705.8
Total expenses 1,536.2 1,421.4 1,375.9
Operating income 982.7 904.8 853.9
Investment income, net 5.4 6.6 6.4
Income before income taxes 988.1 911.4 860.3
Income taxes 360.6 342.4 312.3
Net income 627.5 569.0 548.0
Other comprehensive (loss)/income, net of tax:      
Unrealized (losses)/gains on securities, net of tax (0.5) (15.7) 0.2
Total other comprehensive (loss)/income, net of tax (0.5) (15.7) 0.2
Comprehensive income $ 627.0 $ 553.3 $ 548.2
Basic earnings per share $ 1.72 $ 1.56 $ 1.51
Diluted earnings per share $ 1.71 $ 1.56 $ 1.51
Weighted-average common shares outstanding 364.5 363.8 362.4
Weighted-average common shares outstanding, assuming dilution 366.1 364.7 363.0
Cash dividends per common share $ 1.40 $ 1.31 $ 1.27