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Statements Of Consolidated Earnings - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2018
REVENUES:      
Revenues, Net $ 9,538.1 $ 9,375.8 $ 8,983.4
Interest on funds held for clients 545.2 561.9 466.5
PEO revenues [1] 4,506.5 4,172.5 3,824.3
TOTAL REVENUES 14,589.8 14,110.2 13,274.2
EXPENSES:      
Operating expenses 7,404.1 7,080.9 6,847.5
Systems development and programming costs 674.1 636.3 635.4
Cost, Depreciation and Amortization 366.9 304.4 274.5
Cost of Goods and Services Sold 8,445.1 8,021.6 7,757.4
Selling, general, and administrative expenses 3,003.0 3,064.2 2,959.4
Interest expense 107.1 129.9 102.7
TOTAL EXPENSES 11,555.2 11,215.7 10,819.5
Other (income)/expense, net (148.0) (111.1) 172.1
EARNINGS BEFORE INCOME TAXES 3,182.6 3,005.6 2,282.6
Provision for income taxes 716.1 712.8 397.7
NET EARNINGS $ 2,466.5 $ 2,292.8 $ 1,884.9
Basic earnings per share (in dollars per share) $ 5.73 $ 5.27 $ 4.28
BASIC EARNINGS PER SHARE (in dollars per share) 5.73 5.27 4.28
Diluted earnings per share (in dollars per share) 5.70 5.24 4.25
DILUTED EARNINGS PER SHARE (in dollars per share) $ 5.70 $ 5.24 $ 4.25
Basic weighted average shares outstanding (in shares) 430.8 435.0 440.6
Diluted weighted average shares outstanding (in shares) 432.7 437.6 443.3
[1] For the years ended June 30, 2020 (“fiscal 2020”), June 30, 2019 (“fiscal 2019”), and June 30, 2018 (“fiscal 2018”), Professional Employer Organization (“PEO”) revenues are net of direct pass-through costs, primarily consisting of payroll wages and payroll taxes, of $45,826.1 million, $42,688.8 million, and $39,140.9 million, respectively.