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Statements Of Consolidated Earnings (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Mar. 31, 2014
Mar. 31, 2013
REVENUES:        
Revenues, other than interest on funds held for clients and PEO revenues $ 2,572.5 $ 2,435.1 $ 7,177.1 $ 6,690.6
Interest on funds held for clients 100.1 112.0 278.6 320.4
PEO revenues 647.4 [1] 562.2 [1] 1,677.0 [1] 1,473.8 [1]
TOTAL REVENUES 3,320.0 3,109.3 9,132.7 8,484.8
EXPENSES:        
Operating expenses 1,640.5 1,515.5 4,655.5 4,279.3
Systems development and programming costs 180.5 164.1 531.7 480.3
Depreciation and amortization 63.4 63.6 188.7 189.0
TOTAL COSTS OF REVENUES 1,884.4 1,743.2 5,375.9 4,948.6
Selling, general and administrative expenses 673.2 653.6 1,986.0 1,888.0
Interest expense 0.9 1.2 4.7 7.3
TOTAL EXPENSES 2,558.5 2,398.0 7,366.6 6,843.9
Other income, net (8.3) (12.0) (59.1) (74.2)
EARNINGS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 769.8 723.3 1,825.2 1,715.1
Provision for income taxes 259.4 241.7 611.4 581.0
NET EARNINGS FROM CONTINUING OPERATIONS 510.4 481.6 1,213.8 1,134.1
EARNINGS FROM DISCONTINUED OPERATIONS BEFORE INCOME TAXES 16.6 1.5 19.5 70.9
Provision for Income Taxes 5.4 0.4 6.2 26.2
NET EARNINGS FROM DISCONTINUED OPERATIONS 11.2 1.1 13.3 44.7
NET EARNINGS $ 521.6 $ 482.7 $ 1,227.1 $ 1,178.8
Basic Earnings Per Share from Continuing Operations $ 1.07 $ 1.00 $ 2.53 $ 2.35
Basic Earnings Per Share from Discontinued Operations $ 0.02 $ 0.00 $ 0.03 $ 0.09
BASIC EARNINGS PER SHARE $ 1.09 $ 1.00 $ 2.56 $ 2.44
Diluted Earnings Per Share from Continuing Operations $ 1.06 $ 0.99 $ 2.51 $ 2.33
Diluted Earnings Per Share from Discontinued Operations $ 0.02 $ 0.00 $ 0.03 $ 0.09
DILUTED EARNINGS PER SHARE $ 1.08 $ 0.99 $ 2.54 $ 2.42
Basic weighted average shares outstanding 478.9 482.7 479.1 482.8
Diluted weighted average shares outstanding 483.0 486.5 483.4 487.1
Dividends declared per common share $ 0.480 $ 0.435 $ 1.395 $ 1.265
[1] Professional Employer Organization (“PEO”) revenues are net of direct pass-through costs, primarily consisting of payroll wages and payroll taxes, of $6,396.8 million and $5,317.8 million for the three months ended March 31, 2014 and 2013, respectively, and $17,484.4 million and $15,254.5 million for the nine months ended March 31, 2014 and 2013, respectively.