Paychex 2014 Annual Report Download - page 3
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2010 2011 2012 2013 2014
Results of Operations
Selected Financial Data
1Refer to the Overview section of Item 7 of our Annual Report on Form 10-K for the year ended May 31, 2014, for further information.
In millions, except per share amounts
Year ended May 31,
2014 2013 Increase/
(Decrease)
Service revenue $ 2,478.2 $ 2,285.2 8%
Interest on funds held for clients 40.7 41.0 (1%)
Total revenue $ 2,518.9 $ 2,326.2 8%
Operating income $ 982.7 $ 904.8 9%
Net income $ 627.5 $ 569.0 10%
Diluted earnings per share $ 1.71 $ 1.56 10%
Cash dividends per common share $ 1.40 $ 1.31 7%
Year ended May 31,
2014 2013
Operating income, net of certain items1 $ 942.0 $ 863.8
Purchases of property and equipment $ 84.1 $ 98.7
Cash fl ows from operations $ 880.9 $ 675.3
Cash and total corporate investments $ 936.8 $ 874.6
Total assets $ 6,370.1 $ 6,163.7
Total debt $ - $ -
Stockholders’ equity $ 1,777.0 $ 1,773.7
Dividends paid as a percentage of net income 81% 84%
Return on stockholders’ equity 35% 34%
FINANCIAL
HIGHLIGHTS
2010 2011 2012 2013 2014
$ Millions
Fiscal Year
8:; 95:
:32
:86
;64
$ Millions
Fiscal Year
3. ; 6 8 4.258 4.3: 8 4.4: 7
4.69:
Service Revenue
Operating Income, Net of Certain Items
1