Paychex, inc. (PAYX)
Income statement / Yearly
May'19May'18May'17May'16May'15May'14May'13May'12May'11May'10May'09May'08
Revenue:
Total service revenue

3,691

3,314

3,102

2,905

2,697

2,478

2,285

2,186

2,036

1,945

2,007

1,934

Interest on funds held for clients

80

63

50

46

42

40

41

43

48

55

75

131

Total revenue

3,772

3,377

3,153

2,951

2,739

2,518

2,326

2,229

2,084

2,000

2,082

2,066

Expenses:
Operating expenses

1,177

1,018

919

857

808

732

671

670

651

653

680

660

Selling, general and administrative expenses

1,223

1,068

979

948

878

803

750

705

646

622

597

577

Total expenses

2,401

2,086

1,899

1,805

1,686

1,536

1,421

1,375

1,297

1,276

1,277

1,238

Operating income

1,371

1,291

1,253

1,146

1,053

982

904

853

786

724

805

828

Other (expense)/income, net

-3

8

5

4

6

5

6

6

5

4

6

26

Income before income taxes

1,368

1,300

1,259

1,151

1,060

988

911

860

792

729

812

854

Income taxes

333

306

432

394

385

360

342

312

276

252

278

278

Net income

1,034

994

826

756

674

627

569

548

515

477

533

576

Unrealized (losses)/gains on securities, net of tax

-

-

-

-

-14

-0

-15

0

-4

-

-

-

Other comprehensive income, net of tax

36

-56

-9

21

-14

-0

-15

0

-4

-

-

-

Comprehensive income

1,070

937

817

778

660

627

553

548

510

-

-

-

Basic earnings per share

2.88

2.77

2.30

2.10

1.86

1.72

1.56

1.51

1.42

1.32

1.48

1.56

Diluted earnings per share

2.86

2.75

2.28

2.09

1.85

1.71

1.56

1.51

1.42

1.32

1.48

1.56

Weighted-average common shares outstanding

359

359

359

360

362

364

363

362

361

361

360

368

Weighted-average common shares outstanding, assuming dilution

361

361

362

362

364

366

364

363

362

361

361

369

Cash dividends per common share

-

-

-

1.68

1.52

1.40

1.31

1.27

1.24

1.24

1.24

1.20

Management Solutions [Member]
Total service revenue

2,877

2,758

2,680

-

-

-

-

-

-

-

-

-

PEO And Insurance Solutions [Member]
Total service revenue

814

555

421

-

-

-

-

-

-

-

-

-