Paychex 2014 Annual Report Download - page 92

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PAYCHEX, INC.
ELEVEN-YEAR SUMMARY OF SELECTED FINANCIAL DATA
In millions, except per share amounts
Year ended May 31, 2014 2013 2012 2011 2010
Results of operations
Revenue:
Service revenue ........................... $2,478.2 $2,285.2 $2,186.2 $2,036.2 $1,945.8
Interest on funds held for clients .............. 40.7 41.0 43.6 48.1 55.0
Total revenue ............................. 2,518.9 2,326.2 2,229.8 2,084.3 2,000.8
Total expenses .............................. 1,536.2 1,421.4 1,375.9 1,297.9 1,276.0
Operating income ........................... 982.7 904.8 853.9 786.4 724.8
Investment income, net ....................... 5.4 6.6 6.4 5.8 4.5
Income before income taxes ................... $ 988.1 $ 911.4 $ 860.3 $ 792.2 $ 729.3
Net income ................................ $ 627.5 $ 569.0 $ 548.0 $ 515.3 $ 477.0
Basic earnings per share ...................... $ 1.72 $ 1.56 $ 1.51 $ 1.42 $ 1.32
Diluted earnings per share ..................... $ 1.71 $ 1.56 $ 1.51 $ 1.42 $ 1.32
Weighted-average common shares outstanding .... 364.5 363.8 362.4 361.8 361.4
Weighted-average common shares outstanding,
assuming dilution ......................... 366.1 364.7 363.0 362.4 361.7
Cash dividends per common share .............. $ 1.40 $ 1.31 $ 1.27 $ 1.24 $ 1.24
Selected financial data
Purchases of property and equipment ............ $ 84.1 $ 98.7 $ 89.6 $ 100.5 $ 61.3
Cash and total corporate investments ............ $ 936.8 $ 874.6 $ 790.0 $ 671.3 $ 656.9
Total assets ................................ $6,370.1 $6,163.7 $6,479.6 $5,393.8 $5,226.3
Total debt .................................. $ — $ — $ — $ — $ —
Stockholders’ equity ......................... $1,777.0 $1,773.7 $1,604.5 $1,496.2 $1,402.0
Return on stockholders’ equity ................. 35% 34% 34% 35% 34%