Paychex 2014 Annual Report Download - page 51

Download and view the complete annual report

Please find page 51 of the 2014 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 97

  • 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
  • 94
  • 95
  • 96
  • 97

Item 8. Financial Statements and Supplementary Data
TABLE OF CONTENTS
Description Page
Report on Management’s Assessment of Internal Control Over Financial Reporting ................... 34
Reports of Independent Registered Public Accounting Firms ..................................... 35
Consolidated Statements of Income and Comprehensive Income for the Years Ended May 31, 2014, 2013,
and 2012 ............................................................................ 37
Consolidated Balance Sheets as of May 31, 2014 and 2013 ...................................... 38
Consolidated Statements of Stockholders’ Equity for the Years Ended May 31, 2014, 2013, and 2012 .... 39
Consolidated Statements of Cash Flows for the Years Ended May 31, 2014, 2013, and 2012 ............ 40
Notes to Consolidated Financial Statements .................................................. 41
Schedule II — Valuation and Qualifying Accounts for the Years Ended May 31, 2014, 2013, and 2012 . . . 66
33