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Statements of Consolidated Earnings - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2022
Dec. 31, 2021
REVENUES:        
Revenues $ 4,391.0 $ 4,025.4 $ 8,606.6 $ 7,857.7
Costs of revenues:        
Operating expenses 2,134.5 2,040.7 4,209.0 3,971.5
Systems development and programming costs 204.2 199.7 413.9 388.5
Depreciation and amortization 112.0 100.8 221.4 203.8
TOTAL COSTS OF REVENUES 2,450.7 2,341.2 4,844.3 4,563.8
Selling, general, and administrative expenses 855.7 782.3 1,656.1 1,501.5
Interest expense 57.0 18.4 108.1 36.9
TOTAL EXPENSES 3,363.4 3,141.9 6,608.5 6,102.2
Other (income)/expense, net (30.5) (26.6) (70.0) (55.4)
EARNINGS BEFORE INCOME TAXES 1,058.1 910.1 2,068.1 1,810.9
Provision for income taxes 245.0 215.7 475.9 416.0
NET EARNINGS $ 813.1 $ 694.4 $ 1,592.2 $ 1,394.9
BASIC EARNINGS PER SHARE (in US$ per share) $ 1.96 $ 1.65 $ 3.84 $ 3.32
DILUTED EARNINGS PER SHARE (in US$ per share) $ 1.95 $ 1.65 $ 3.82 $ 3.30
Basic weighted average shares outstanding (shares) 414.3 419.8 414.4 420.6
Diluted weighted average shares outstanding (shares) 416.2 422.0 416.6 422.9
Revenues, other than interest on funds held for clients and PEO revenues        
REVENUES:        
Revenues $ 2,702.2 $ 2,561.8 $ 5,348.6 $ 5,029.6
Interest on funds held for clients        
REVENUES:        
Revenues 187.2 106.0 328.3 207.1
PEO Revenues        
REVENUES:        
Revenues [1] $ 1,501.6 $ 1,357.6 $ 2,929.7 $ 2,621.0
[1] Professional Employer Organization (“PEO”) revenues are net of direct pass-through costs, primarily consisting of payroll wages and payroll taxes of $17,852.4 million and $16,774.0 million for the three months ended December 31, 2022 and 2021, respectively, and $33,386.6 million and $30,037.2 million for the six months ended December 31, 2022 and 2021, respectively.