Paychex 2012 Annual Report Download - page 3
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2012 Annual Report
Service Revenue
2008 2009 2010 2011 2012
Operating Income, Net of Certain Items
(1)
2008 2009 2010 2011 2012
1
FINANCIAL
HIGHLIGHTS
Results of Operations
Selected Financial Data
(1) Refer to the Overview section of Item 7 of our Annual Report on Form 10-K for the year ended May 31, 2012, for further information.
In millions, except per share amounts
Year ended May 31,
2012 2011 Increase/
(Decrease)
Service revenue $ 2,186.2 $ 2,036.2 7%
Interest on funds held for clients 43.6 48.1 (9%)
Total revenue $ 2,229.8 $ 2,084.3 7%
Operating income $ 853.9 $ 786.4 9%
Net income $ 548.0 $ 515.3 6%
Diluted earnings per share $ 1.51 $ 1.42 6%
Cash dividends per common share $ 1.27 $ 1.24 2%
Year ended May 31,
2012 2011
Operating income, net of certain items (1) $ 810.3 $ 738.3
Purchases of property and equipment $ 89.6 $ 100.5
Cash fl ows from operations $ 706.6 $ 715.3
Cash and total corporate investments $ 790.0 $ 671.3
Total assets $ 6,479.6 $ 5,393.8
Total debt $ - $ -
Stockholders’ equity $ 1,604.5 $ 1,496.2
Dividends paid as a percentage of net income 84% 87%
Return on stockholders’ equity 34% 35%
$ Millions
Fiscal Year
697
730
689
738
810
$ Millions
Fiscal Year
1,935
2,007
1,946
2,036
2,186