XML 19 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
Statements Of Consolidated Earnings - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2015
REVENUES:      
Revenues, other than interest on funds held for clients and PEO revenues $ 8,518.1 $ 8,234.0 $ 7,928.3
Interest on funds held for clients 397.4 377.3 377.7
PEO revenues [1] 3,464.3 3,056.5 2,632.5
TOTAL REVENUES 12,379.8 11,667.8 10,938.5
EXPENSES:      
Operating expenses 6,416.1 6,025.0 5,625.3
Systems development and programming costs 627.5 603.7 595.4
Depreciation and amortization 226.2 211.6 206.9
TOTAL COSTS OF REVENUES 7,269.8 6,840.3 6,427.6
Selling, general and administrative expenses 2,783.2 2,637.0 2,496.9
Interest expense 80.0 56.2 6.5
TOTAL EXPENSES 10,133.0 9,533.5 8,931.0
Other income, net (284.3) (100.4) (63.2)
EARNINGS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 2,531.1 2,234.7 2,070.7
Income Tax Expense (Benefit) 797.7 741.3 694.2
NET EARNINGS FROM CONTINUING OPERATIONS 1,733.4 1,493.4 1,376.5
EARNINGS FROM DISCONTINUED OPERATIONS BEFORE INCOME TAXES 0.0 (1.4) 171.5
Provision for income taxes 0.0 (0.5) 95.5
NET EARNINGS FROM DISCONTINUED OPERATIONS 0.0 (0.9) 76.0
NET EARNINGS $ 1,733.4 $ 1,492.5 $ 1,452.5
Basic earnings per share from continuing operations (in dollars per share) $ 3.87 $ 3.27 $ 2.91
Basic earnings per share from discontinued operations 0.00 0.00 0.16
BASIC EARNINGS PER SHARE 3.87 3.27 3.07
Diluted earnings per share from continuing operations (in dollars per share) 3.85 3.25 2.89
Diluted earnings per share from discontinued operations 0.00 0.00 0.16
DILUTED EARNINGS PER SHARE $ 3.85 $ 3.25 $ 3.05
Basic weighted average shares outstanding 447.8 457.0 472.6
Diluted weighted average shares outstanding 450.3 459.1 475.8
[1] For the years ended June 30, 2017 ("fiscal 2017"), June 30, 2016 ("fiscal 2016"), and June 30, 2015 ("fiscal 2015"), Professional Employer Organization ("PEO") revenues are net of direct pass-through costs, primarily consisting of payroll wages and payroll taxes, of $34,567.4 million, $30,928.6 million, and $26,674.1 million, respectively.