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, 2014
May 31, 2013
ASSETS    
Cash and cash equivalents $ 271.3 $ 107.3
Corporate investments 314.4 398.2
Interest receivable 29.4 32.4
Accounts receivable, net of allowance for doubtful accounts 129.6 133.4
Deferred income taxes 8.0 2.3
Prepaid income taxes 0 49.9
Prepaid expenses and other current assets 49.8 36.6
Current assets before funds held for clients 802.5 760.1
Funds held for clients 4,916.8 4,072.5
Total current assets 5,719.3 4,832.6
Long-term corporate investments 377.8 369.1
Property and equipment, net of accumulated depreciation 345.1 346.0
Intangible assets, net of accumulated amortization 40.5 45.2
Goodwill 540.0 533.9
Deferred income taxes 36.3 34.1
Other long-term assets 10.4 2.8
Total assets 7,069.4 6,163.7
LIABILITIES    
Accounts payable 34.7 42.7
Accrued compensation and related items 164.1 138.2
Accrued income taxes 8.1 0
Deferred income taxes 7.8 8.1
Other current liabilities 43.5 39.5
Current liabilities before client fund obligations 258.2 228.5
Client fund obligations 4,880.7 4,039.7
Total current liabilities 5,138.9 4,268.2
Accrued income taxes 25.5 19.7
Deferred income taxes 61.7 53.3
Other long-term liabilities 55.1 48.8
Total liabilities 5,281.2 4,390.0
COMMITMENTS AND CONTINGENCIES - NOTE I      
STOCKHOLDERS' EQUITY    
Common stock, $0.01 par value; Authorized: 600.0 shares; Issued and outstanding: 363.7 shares as of February 28, 2014 and 365.4 shares as of May 31, 2013, respectively. 3.6 3.7
Additional paid-in capital 776.3 659.5
Retained earnings 983.7 1,088.5
Accumulated other comprehensive income 24.6 22.0
Total stockholders' equity 1,788.2 1,773.7
Total liabilities and stockholders' equity $ 7,069.4 $ 6,163.7