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Statements of Consolidated Earnings - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Sep. 30, 2020
Sep. 30, 2019
REVENUES:    
Revenues, other than interest on funds held for clients and PEO revenues $ 2,269.6 $ 2,306.2
Interest on funds held for clients 106.5 133.9
PEO Revenues [1] 1,094.6 1,055.6
TOTAL REVENUES 3,470.7 3,495.7
Costs of revenues:    
Operating expenses 1,762.1 1,787.7
Systems development and programming costs 168.7 168.2
Depreciation and amortization 103.5 88.9
TOTAL COSTS OF REVENUES 2,034.3 2,044.8
Selling, general, and administrative expenses 681.0 726.5
Interest expense 15.1 39.9
TOTAL EXPENSES 2,730.4 2,811.2
Other (income)/expense, net (24.9) (54.6)
EARNINGS BEFORE INCOME TAXES 765.2 739.1
Provision for income taxes 163.1 156.7
NET EARNINGS $ 602.1 $ 582.4
Basic earnings per share (in US$ per share) $ 1.40 $ 1.35
Diluted earnings per share (in US$ per share) $ 1.40 $ 1.34
Basic weighted average shares outstanding (shares) 428.6 432.7
Diluted weighted average shares outstanding (shares) 430.0 435.4
[1] Professional Employer Organization (“PEO”) revenues are net of direct pass-through costs, primarily consisting of payroll wages and payroll taxes of $10,925.8 million and $10,510.6 million for the three months ended September 30, 2020 and 2019, respectively.