Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Income and Comprehensive Income

v3.2.0.727
Consolidated Statements of Income and Comprehensive Income - Scenario, Unspecified [Domain] - USD ($)
shares in Millions, $ in Millions
12 Months Ended
May. 31, 2015
May. 31, 2014
May. 31, 2013
Revenue:      
Service revenue $ 2,697.5 $ 2,478.2 $ 2,285.2
Interest on funds held for clients 42.1 40.7 41.0
Total revenue 2,739.6 2,518.9 2,326.2
Expenses:      
Operating expenses 808.0 732.5 671.3
Selling, general and administrative expenses 878.0 803.7 750.1
Total expenses 1,686.0 1,536.2 1,421.4
Operating income 1,053.6 982.7 904.8
Investment income, net 6.4 5.4 6.6
Income before income taxes 1,060.0 988.1 911.4
Income taxes 385.1 360.6 342.4
Net income 674.9 627.5 569.0
Other comprehensive loss, net of tax:      
Unrealized losses on securities, net of tax (14.0) (0.5) (15.7)
Total other comprehensive loss, net of tax (14.0) (0.5) (15.7)
Comprehensive income $ 660.9 $ 627.0 $ 553.3
Basic earnings per share $ 1.86 $ 1.72 $ 1.56
Diluted earnings per share $ 1.85 $ 1.71 $ 1.56
Weighted-average common shares outstanding 362.9 364.5 363.8
Weighted-average common shares outstanding, assuming dilution 364.6 366.1 364.7
Cash dividends per common share $ 1.52 $ 1.40 $ 1.31