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Statements Of Consolidated Earnings - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2017
REVENUES:      
Revenues, Net $ 9,375.8 $ 8,983.4 $ 8,510.1
Interest on funds held for clients 561.9 466.5 397.4
PEO revenues [1] 4,237.5 3,877.8 3,464.5
TOTAL REVENUES 14,175.2 13,327.7 12,372.0
EXPENSES:      
Operating expenses 7,145.9 6,901.0 6,386.2
Systems development and programming costs 636.3 635.4 632.1
Cost, Depreciation and Amortization 304.4 274.5 226.2
Cost of Goods and Services Sold 8,086.6 7,810.9 7,244.5
Selling, general, and administrative expenses 3,064.2 2,959.4 2,773.8
Interest expense 129.9 102.7 80.0
TOTAL EXPENSES 11,280.7 10,873.0 10,098.3
Other (income)/expense, net (111.1) 172.1 (343.2)
EARNINGS BEFORE INCOME TAXES 3,005.6 2,282.6 2,616.9
Provision for income taxes 712.8 397.7 829.1
NET EARNINGS $ 2,292.8 $ 1,884.9 $ 1,787.8
Basic earnings per share (in dollars per share) $ 5.27 $ 4.28 $ 3.99
BASIC EARNINGS PER SHARE (in dollars per share) 5.27 4.28 3.99
Diluted earnings per share (in dollars per share) 5.24 4.25 3.97
DILUTED EARNINGS PER SHARE (in dollars per share) $ 5.24 $ 4.25 $ 3.97
Basic weighted average shares outstanding (in shares) 435.0 440.6 447.8
Diluted weighted average shares outstanding (in shares) 437.6 443.3 450.3
[1] For the years ended June 30, 2019 ("fiscal 2019"), June 30, 2018 ("fiscal 2018"), and June 30, 2017 ("fiscal 2017"), Professional Employer Organization ("PEO") revenues are net of direct pass-through costs, primarily consisting of payroll wages and payroll taxes, of $42,688.8 million, $39,140.9 million, and $34,567.4 million, respectively.