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
Feb. 28, 2013
May 31, 2012
ASSETS    
Cash and cash equivalents $ 100.4 $ 108.8
Corporate investments 470.2 207.5
Interest receivable 25.3 30.6
Accounts receivable, net of allowance for doubtful accounts 125.1 142.4
Deferred income taxes 6.8 1.6
Prepaid income taxes 0 5.6
Prepaid expenses and other current assets 35.6 35.2
Current assets before funds held for clients 763.4 531.7
Funds held for clients 5,556.2 4,544.2
Total current assets 6,319.6 5,075.9
Long-term corporate investments 227.0 473.7
Property and equipment, net of accumulated depreciation 341.7 324.3
Intangible assets, net of accumulated amortization 49.9 55.8
Goodwill 533.9 517.4
Deferred income taxes 32.6 29.2
Other long-term assets 2.8 3.3
Total assets 7,507.5 6,479.6
LIABILITIES    
Accounts payable 47.6 69.7
Accrued compensation and related items 139.3 130.9
Deferred revenue 3.9 3.0
Accrued income taxes 9.9 0
Deferred income taxes 11.1 13.9
Other current liabilities 34.5 33.8
Current liabilities before client fund obligations 246.3 251.3
Client fund obligations 5,510.2 4,494.4
Total current liabilities 5,756.5 4,745.7
Accrued income taxes 49.6 35.9
Deferred income taxes 47.0 40.6
Other long-term liabilities 48.5 52.9
Total liabilities 5,901.6 4,875.1
COMMITMENTS AND CONTINGENCIES - NOTE H     
STOCKHOLDERS' EQUITY    
Common stock, $0.01 par value; Authorized: 600.0 shares; Issued and outstanding: 363.9 shares as of February 28, 2013 and 362.6 shares as of May 31, 2012, respectively. 3.6 3.6
Additional paid-in capital 604.7 561.1
Retained earnings 964.9 1,002.1
Accumulated other comprehensive income 32.7 37.7
Total stockholders' equity 1,605.9 1,604.5
Total liabilities and stockholders' equity $ 7,507.5 $ 6,479.6