Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets (Unaudited)

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Consolidated Balance Sheets (Unaudited) (USD $)
In Millions, unless otherwise specified
Nov. 30, 2012
May 31, 2012
ASSETS    
Cash and cash equivalents $ 122.6 $ 108.8
Corporate investments 178.6 207.5
Interest receivable 31.0 30.6
Accounts receivable, net of allowance for doubtful accounts 169.3 142.4
Deferred income taxes 0 1.6
Prepaid income taxes 11.9 5.6
Prepaid expenses and other current assets 39.9 35.2
Current assets before funds held for clients 553.3 531.7
Funds held for clients 3,715.5 4,544.2
Total current assets 4,268.8 5,075.9
Long-term corporate investments 504.3 473.7
Property and equipment, net of accumulated depreciation 351.8 324.3
Intangible assets, net of accumulated amortization 47.0 55.8
Goodwill 517.4 517.4
Deferred income taxes 31.3 29.2
Other long-term assets 3.6 3.3
Total assets 5,724.2 6,479.6
LIABILITIES    
Accounts payable 43.6 69.7
Accrued compensation and related items 116.8 130.9
Deferred revenue 2.5 3.0
Deferred income taxes 28.5 13.9
Other current liabilities 32.6 33.8
Current liabilities before client fund obligations 224.0 251.3
Client fund obligations 3,664.6 4,494.4
Total current liabilities 3,888.6 4,745.7
Accrued income taxes 42.8 35.9
Deferred income taxes 46.5 40.6
Other long-term liabilities 48.1 52.9
Total liabilities 4,026.0 4,875.1
COMMITMENTS AND CONTINGENCIES - NOTE H     
STOCKHOLDERS' EQUITY    
Common stock, $0.01 par value; Authorized: 600.0 shares; Issued and outstanding: 363.7 shares as of November 30, 2012 and 362.6 shares as of May 31, 2012, respectively. 3.6 3.6
Additional paid-in capital 594.1 561.1
Retained earnings 1,060.8 1,002.1
Accumulated other comprehensive income 39.7 37.7
Total stockholders' equity 1,698.2 1,604.5
Total liabilities and stockholders' equity $ 5,724.2 $ 6,479.6