Paychex 2016 Annual Report Download - page 54

Download and view the complete annual report

Please find page 54 of the 2016 Paychex annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 93

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93

PAYCHEX, INC.
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
In millions
Common stock Additional
paid-in
capital
Retained
earnings
Accumulated
other
comprehensive
incomeShares Amount Total
Balance as of May 31, 2013 ............... 365.4 $ 3.7 $659.5 $1,088.5 $ 22.0 $1,773.7
Net income ............................. 627.5 627.5
Unrealized losses on securities, net of tax ..... (0.5) (0.5)
Cash dividends declared .................. (510.6) (510.6)
Repurchases of common shares ............ (6.2) (0.1) (11.2) (238.4) (249.7)
Stock-based compensation ................ 26.4 26.4
Stock-based award transactions ............. 3.8 119.7 (9.5) 110.2
Balance as of May 31, 2014 ............... 363.0 3.6 794.4 957.5 21.5 1,777.0
Net income ............................. 674.9 674.9
Unrealized losses on securities, net of tax ..... (14.0) (14.0)
Cash dividends declared .................. (551.8) (551.8)
Repurchases of common shares ............ (3.9) (7.2) (175.2) (182.4)
Stock-based compensation ................ 31.5 31.5
Stock-based award transactions ............. 2.1 61.4 (11.1) 50.3
Balance as of May 31, 2015 ............... 361.2 3.6 880.1 894.3 7.5 1,785.5
Net income ............................. 756.8 756.8
Unrealized gains on securities, net of tax ..... 21.7 21.7
Cash dividends declared .................. (606.5) (606.5)
Repurchases of common shares ............ (2.2) (4.1) (103.8) (107.9)
Stock-based compensation ................ 34.6 34.6
Stock-based award transactions ............. 1.4 42.1 (14.6) 27.5
Balance as of May 31, 2016 ............... 360.4 $ 3.6 $952.7 $ 926.2 $ 29.2 $1,911.7
See Notes to Consolidated Financial Statements.
36