Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Income and Comprehensive Income (Unaudited)

v2.4.0.6
Consolidated Statements of Income and Comprehensive Income (Unaudited) (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Nov. 30, 2012
Nov. 30, 2011
Nov. 30, 2012
Nov. 30, 2011
Revenue:        
Service revenue $ 559.4 $ 535.0 $ 1,127.5 $ 1,087.0
Interest on funds held for clients 10.0 10.7 20.1 21.8
Total revenue 569.4 545.7 1,147.6 1,108.8
Expenses:        
Operating expenses 164.3 162.7 328.5 326.8
Selling, general and administrative expenses 175.1 165.1 351.1 334.4
Total expenses 339.4 327.8 679.6 661.2
Operating income 230.0 217.9 468.0 447.6
Investment income, net 1.9 1.5 3.8 3.0
Income before income taxes 231.9 219.4 471.8 450.6
Income taxes 84.0 79.0 170.8 161.3
Net income 147.9 140.4 301.0 289.3
Other comprehensive income/(loss), net of tax:        
Unrealized gains/(losses) on securities, net of tax 2.4 (10.2) 2.0 (3.6)
Total other comprehensive income/(loss), net of tax 2.4 (10.2) 2.0 (3.6)
Comprehensive income $ 150.3 $ 130.2 $ 303.0 $ 285.7
Basic earnings per share $ 0.41 $ 0.39 $ 0.83 $ 0.80
Diluted earnings per share $ 0.41 $ 0.39 $ 0.83 $ 0.80
Weighted-average common shares outstanding 363.6 362.4 363.3 362.3
Weighted-average common shares outstanding, assuming dilution 364.4 362.8 364.1 362.8
Cash dividends per common share $ 0.33 $ 0.32 $ 0.65 $ 0.63