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Statements of Consolidated Earnings - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Sep. 30, 2022
Sep. 30, 2021
REVENUES:    
Revenues $ 4,215.6 $ 3,832.3
Costs of revenues:    
Operating expenses 2,074.4 1,930.8
Systems development and programming costs 209.8 188.8
Depreciation and amortization 109.4 103.0
TOTAL COSTS OF REVENUES 2,393.6 2,222.6
Selling, general, and administrative expenses 800.3 719.2
Interest expense 51.2 18.5
TOTAL EXPENSES 3,245.1 2,960.3
Other (income)/expense, net (39.5) (28.8)
EARNINGS BEFORE INCOME TAXES 1,010.0 900.8
Provision for income taxes 231.0 200.3
NET EARNINGS $ 779.0 $ 700.5
BASIC EARNINGS PER SHARE (in US$ per share) $ 1.88 $ 1.66
DILUTED EARNINGS PER SHARE (in US$ per share) $ 1.87 $ 1.65
Basic weighted average shares outstanding (shares) 414.6 421.4
Diluted weighted average shares outstanding (shares) 416.9 423.8
Revenues, other than interest on funds held for clients and PEO revenues    
REVENUES:    
Revenues $ 2,646.5 $ 2,467.7
Interest on funds held for clients    
REVENUES:    
Revenues 141.0 101.1
PEO Revenues    
REVENUES:    
Revenues [1] $ 1,428.1 $ 1,263.5
[1] Professional Employer Organization (“PEO”) revenues are net of direct pass-through costs, primarily consisting of payroll wages and payroll taxes of $15,534.2 million and $13,263.2 million for the three months ended September 30, 2022 and 2021, respectively.