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
Aug. 31, 2014
May 31, 2014
ASSETS    
Cash and cash equivalents $ 462.6 $ 152.5
Corporate investments 96.7 398.7
Interest receivable 29.6 36.3
Accounts receivable, net of allowance for doubtful accounts 168.9 149.4
Deferred income taxes 0 12.0
Prepaid income taxes 0 17.2
Prepaid expenses and other current assets 47.4 37.8
Current assets before funds held for clients 805.2 803.9
Funds held for clients 4,066.8 4,198.6
Total current assets 4,872.0 5,002.5
Long-term corporate investments 396.5 385.6
Property and equipment, net of accumulated depreciation 346.6 342.2
Intangible assets, net of accumulated amortization 42.6 40.6
Goodwill 563.4 540.3
Deferred income taxes 36.2 37.1
Other long-term assets 29.3 21.8
Total assets 6,286.6 6,370.1
LIABILITIES    
Accounts payable 40.1 48.8
Accrued compensation and related items 156.1 171.7
Accrued income taxes 60.2 0
Deferred income taxes 9.5 6.6
Other current liabilities 48.0 44.7
Current liabilities before client fund obligations 313.9 271.8
Client fund obligations 4,030.1 4,167.1
Total current liabilities 4,344.0 4,438.9
Accrued income taxes 38.9 41.9
Deferred income taxes 60.0 55.7
Other long-term liabilities 58.1 56.6
Total liabilities 4,501.0 4,593.1
COMMITMENTS AND CONTINGENCIES - NOTE I      
STOCKHOLDERS' EQUITY    
Common stock, $0.01 par value; Authorized: 600.0 shares; Issued and outstanding: 362.8 shares as of August 31, 2014 and 363.0 shares as of May 31, 2014, respectively. 3.6 3.6
Additional paid-in capital 812.3 794.4
Retained earnings 943.7 957.5
Accumulated other comprehensive income 26.0 21.5
Total stockholders' equity 1,785.6 1,777.0
Total liabilities and stockholders' equity $ 6,286.6 $ 6,370.1