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Statements of Consolidated Earnings - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Mar. 31, 2021
Mar. 31, 2020
REVENUES:        
Revenues $ 4,102.0 $ 4,047.8 $ 11,268.4 $ 11,213.0
Costs of revenues:        
Operating expenses 1,999.5 1,974.1 5,609.5 5,597.8
Systems development and programming costs 178.6 172.1 521.8 509.0
Depreciation and amortization 100.0 92.9 303.5 271.2
TOTAL COSTS OF REVENUES 2,278.1 2,239.1 6,434.8 6,378.0
Selling, general, and administrative expenses 763.0 756.6 2,199.8 2,237.4
Interest expense 13.5 20.0 42.4 91.5
TOTAL EXPENSES 3,054.6 3,015.7 8,677.0 8,706.9
Other (income)/expense, net (18.8) (44.6) (72.7) (145.2)
EARNINGS BEFORE INCOME TAXES 1,066.2 1,076.7 2,664.1 2,651.3
Provision for income taxes 255.5 255.8 603.8 596.4
NET EARNINGS $ 810.7 $ 820.9 $ 2,060.3 $ 2,054.9
BASIC EARNINGS PER SHARE (in US$ per share) $ 1.90 $ 1.91 $ 4.82 $ 4.76
DILUTED EARNINGS PER SHARE (in US$ per share) $ 1.90 $ 1.90 $ 4.80 $ 4.74
Basic weighted average shares outstanding (shares) 425.8 430.0 427.3 431.4
Diluted weighted average shares outstanding (shares) 427.7 431.8 428.9 433.5
Revenues, other than interest on funds held for clients and PEO revenues        
REVENUES:        
Revenues $ 2,671.2 $ 2,652.1 $ 7,346.1 $ 7,356.7
Interest on funds held for clients        
REVENUES:        
Revenues 107.4 158.9 319.2 430.4
PEO Revenues        
REVENUES:        
Revenues [1] $ 1,323.4 $ 1,236.8 $ 3,603.1 $ 3,425.9
[1] Professional Employer Organization (“PEO”) revenues are net of direct pass-through costs, primarily consisting of payroll wages and payroll taxes of $13,894.6 million and $12,643.6 million for the three months ended March 31, 2021 and 2020, respectively, and $38,259.5 million and $35,525.8 million for the nine months ended March 31, 2021 and 2020, respectively.