XML 37 R2.htm IDEA: XBRL DOCUMENT v3.20.4
Statements of Consolidated Earnings - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2020
Dec. 31, 2019
REVENUES:        
Revenues $ 3,695.7 $ 3,669.5 $ 7,166.5 $ 7,165.2
Costs of revenues:        
Operating expenses 1,847.8 1,836.0 3,610.0 3,623.6
Systems development and programming costs 174.5 168.7 343.2 336.9
Depreciation and amortization 100.1 89.4 203.6 178.3
TOTAL COSTS OF REVENUES 2,122.4 2,094.1 4,156.8 4,138.8
Selling, general, and administrative expenses 755.8 754.3 1,436.9 1,480.9
Interest expense 13.9 31.6 29.0 71.5
TOTAL EXPENSES 2,892.1 2,880.0 5,622.7 5,691.2
Other (income)/expense, net (29.0) (46.0) (54.0) (100.6)
EARNINGS BEFORE INCOME TAXES 832.6 835.5 1,597.8 1,574.6
Provision for income taxes 185.1 183.9 348.2 340.6
NET EARNINGS $ 647.5 $ 651.6 $ 1,249.6 $ 1,234.0
BASIC EARNINGS PER SHARE (in US$ per share) $ 1.51 $ 1.51 $ 2.92 $ 2.86
DILUTED EARNINGS PER SHARE (in US$ per share) $ 1.51 $ 1.50 $ 2.91 $ 2.84
Basic weighted average shares outstanding (shares) 427.4 431.5 428.0 432.1
Diluted weighted average shares outstanding (shares) 429.0 433.3 429.5 434.3
Revenues, other than interest on funds held for clients and PEO revenues        
REVENUES:        
Revenues $ 2,405.2 $ 2,398.4 $ 4,674.9 $ 4,704.7
Interest on funds held for clients        
REVENUES:        
Revenues 105.4 137.7 211.9 271.5
PEO Revenues        
REVENUES:        
Revenues [1] $ 1,185.1 $ 1,133.4 $ 2,279.7 $ 2,189.0
[1] Professional Employer Organization (“PEO”) revenues are net of direct pass-through costs, primarily consisting of payroll wages and payroll taxes of $13,349.1 million and $12,371.6 million for the three months ended December 31, 2020 and 2019, respectively, and $24,364.9 million and $22,882.2 million for the six months ended December 31, 2020 and 2019, respectively.