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Statements of Consolidated Earnings - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Sep. 30, 2021
Sep. 30, 2020
REVENUES:    
Revenues $ 3,832.3 $ 3,470.7
Costs of revenues:    
Operating expenses 1,930.8 1,762.1
Systems development and programming costs 188.8 168.7
Depreciation and amortization 103.0 103.5
TOTAL COSTS OF REVENUES 2,222.6 2,034.3
Selling, general, and administrative expenses 719.2 681.0
Interest expense 18.5 15.1
TOTAL EXPENSES 2,960.3 2,730.4
Other (income)/expense, net (28.8) (24.9)
EARNINGS BEFORE INCOME TAXES 900.8 765.2
Provision for income taxes 200.3 163.1
NET EARNINGS $ 700.5 $ 602.1
BASIC EARNINGS PER SHARE (in US$ per share) $ 1.66 $ 1.40
DILUTED EARNINGS PER SHARE (in US$ per share) $ 1.65 $ 1.40
Basic weighted average shares outstanding (shares) 421.4 428.6
Diluted weighted average shares outstanding (shares) 423.8 430.0
Revenues, other than interest on funds held for clients and PEO revenues    
REVENUES:    
Revenues $ 2,467.7 $ 2,269.6
Interest on funds held for clients    
REVENUES:    
Revenues 101.1 106.5
PEO Revenues    
REVENUES:    
Revenues [1] $ 1,263.5 $ 1,094.6
[1] Professional Employer Organization (“PEO”) revenues are net of direct pass-through costs, primarily consisting of payroll wages and payroll taxes of $13,263.2 million and $10,925.8 million for the three months ended September 30, 2021 and 2020, respectively.