Quarterly report pursuant to Section 13 or 15(d)

Accounts Receivable, Net of Allowance for Doubtful Accounts (Tables)

v3.19.1
Accounts Receivable, Net of Allowance for Doubtful Accounts (Tables)
 9 Months Ended
Feb. 28, 2019
Accounts Receivable, Net of Allowance for Doubtful Accounts [Abstract]  
Components of Accounts Receivable, Net of Allowance for Doubtful Accounts





 

 

 

 

 

 



 

 

 

 

 

 



 

 

 

 

May 31,



 

February 28,

 

2018

In millions

 

2019

 

As Adjusted(1)

PEO receivables(2)

 

$

 444.1 

 

$

 140.1 

Purchased receivables(3)

 

 

 299.5 

 

 

 267.0 

Other trade receivables(4)

 

 

 84.6 

 

 

 92.3 

Total accounts receivable, gross

 

 

 828.2 

 

 

 499.4 

Less:  Allowance for doubtful accounts

 

 

 7.2 

 

 

 7.0 

Accounts receivable, net of allowance for doubtful accounts

 

$

 821.0 

 

$

 492.4 

(1) Amounts have been adjusted to reflect the adoption of ASC Topic 606.

(2) PEO receivables are primarily client wages and related tax withholdings since the last payroll processed.  Balances will vary based on the timing of the last payroll processed and the end of the reporting period. In addition, balances as of February 28, 2019, include receivable balances for Oasis, acquired in December 2018. Refer to Note D for further details. 

(3) Purchased receivables relate to payroll funding arrangements with clients in the temporary staffing industry.

(4) Other trade receivables primarily relate to other ongoing services provided to clients and can vary based on the timing of these services and the end of the reporting period.