Paychex 2016 Annual Report Download - page 88

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PAYCHEX, INC.
ELEVEN-YEAR SUMMARY OF SELECTED FINANCIAL DATA
In millions, except per share amounts
Year ended May 31, 2016 2015 2014 2013 2012
Results of operations
Revenue:
Service revenue ........................... $2,905.8 $2,697.5 $2,478.2 $2,285.2 $2,186.2
Interest on funds held for clients .............. 46.1 42.1 40.7 41.0 43.6
Total revenue ............................. 2,951.9 2,739.6 2,518.9 2,326.2 2,229.8
Total expenses .............................. 1,805.3 1,686.0 1,536.2 1,421.4 1,375.9
Operating income ........................... 1,146.6 1,053.6 982.7 904.8 853.9
Investment income, net ....................... 4.5 6.4 5.4 6.6 6.4
Income before income taxes ................... $1,151.1 $1,060.0 $ 988.1 $ 911.4 $ 860.3
Net income ................................ $ 756.8 $ 674.9 $ 627.5 $ 569.0 $ 548.0
Basic earnings per share ...................... $ 2.10 $ 1.86 $ 1.72 $ 1.56 $ 1.51
Diluted earnings per share ..................... $ 2.09 $ 1.85 $ 1.71 $ 1.56 $ 1.51
Weighted-average common shares outstanding .... 360.7 362.9 364.5 363.8 362.4
Weighted-average common shares outstanding,
assuming dilution ......................... 362.5 364.6 366.1 364.7 363.0
Cash dividends per common share .............. $ 1.68 $ 1.52 $ 1.40 $ 1.31 $ 1.27
Selected financial data
Purchases of property and equipment ............ $ 97.7 $ 102.8 $ 84.1 $ 98.7 $ 89.6
Cash and total corporate investments ............ $ 793.2 $ 936.4 $ 936.8 $ 874.6 $ 790.0
Total debt .................................. $ — $ — $ — $ — $ —
Stockholders’ equity ......................... $1,911.7 $1,785.5 $1,777.0 $1,773.7 $1,604.5
Return on stockholders’ equity ................. 40% 36% 35% 34% 34%