Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Income and Comprehensive Income

v3.10.0.1
Consolidated Statements of Income and Comprehensive Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Nov. 30, 2018
Nov. 30, 2017
[1]
Nov. 30, 2018
Nov. 30, 2017
[1]
Revenue:        
Total service revenue $ 840.6 $ 789.0 $ 1,686.3 $ 1,568.2
Interest on funds held for clients 18.3 14.0 35.4 27.7
Total revenue 858.9 803.0 1,721.7 1,595.9
Expenses:        
Operating expenses 264.9 248.6 530.4 480.6
Selling, general and administrative expenses 286.8 251.3 563.8 494.9
Total expenses 551.7 499.9 1,094.2 975.5
Operating income 307.2 303.1 627.5 620.4
Investment income, net 2.1 1.7 4.4 3.8
Income before income taxes 309.3 304.8 631.9 624.2
Income taxes 73.5 106.0 152.5 215.0
Net income 235.8 198.8 [2] 479.4 409.2 [2]
Other comprehensive loss, net of tax (11.6) (33.6) (11.2) (29.2)
Comprehensive income $ 224.2 $ 165.2 $ 468.2 $ 380.0
Basic earnings per share $ 0.66 $ 0.55 [2] $ 1.34 $ 1.14 [2]
Diluted earnings per share $ 0.65 $ 0.55 [2] $ 1.33 $ 1.13 [2]
Weighted-average common shares outstanding 359.1 359.1 [2] 359.1 359.0 [2]
Weighted-average common shares outstanding, assuming dilution 361.5 361.4 [2] 361.5 361.4 [2]
Management Solutions [Member]        
Revenue:        
Total service revenue $ 685.4 $ 653.5 $ 1,373.1 $ 1,319.4
PEO And Insurance Services [Member]        
Revenue:        
Total service revenue $ 155.2 $ 135.5 $ 313.2 $ 248.8
[1] Amounts have been adjusted to reflect the adoption of Accounting Standards Codification ("ASC") Topic 606, "Revenue from Contracts with Customers" ("ASC Topic 606").
[2] Amounts have been adjusted to reflect the adoption of ASC Topic 606.