PAYCHEX, INC. PAYX Income Statement

Paychex, inc. (PAYX)

Income statement / Quarterly

Feb'20	Nov'19	Aug'19	May'19	Feb'19	Nov'18	Aug'18	May'18	Feb'18	Nov'17	Aug'17	May'17	Feb'17	Nov'16	Aug'16	May'16	Feb'16	Nov'15	Aug'15	May'15	Feb'15	Nov'14	Aug'14	May'14	Feb'14	Nov'13	Aug'13	May'13	Feb'13	Nov'12	Aug'12	May'12	Feb'12	Nov'11	Aug'11	May'11	Feb'11	Nov'10	Aug'10	May'10	Feb'10	Nov'09	Aug'09	May'09	Feb'09	Nov'08	Aug'08
Revenue:
Total service revenue
1,121,500	970,800	971,500	958,200	1,047,400	840,600	845,700	853,400	918,000	789,000	779,200	784,600	782,600	760,000	773,500	741,600	740,700	711,300	712,200	681,400	693,600	665,900	656,600	634,700	639,900	600,500	603,100	575,300	582,400	559,400	568,100	540,700	558,500	535,000	552,000	510,400	519,600	500,000	506,200	482,500	493,800	483,000	486,500	480,854	512,196	504,383	509,867
Interest on funds held for clients
21,200	19,900	20,500	22,200	23,000	18,300	17,100	17,700	18,100	14,000	13,700	14,000	13,200	11,400	12,000	12,300	11,900	11,100	10,800	10,800	10,700	10,400	10,200	10,200	10,500	10,000	10,000	10,000	10,900	10,000	10,100	10,800	11,000	10,700	11,100	12,300	11,700	12,000	12,100	13,700	14,000	13,600	13,700	15,120	16,385	19,777	24,218
Total revenue
1,142,700	990,700	992,000	980,400	1,070,400	858,900	862,800	871,100	936,100	803,000	792,900	798,600	795,800	771,400	785,500	753,900	752,600	722,400	723,000	692,200	704,300	676,300	666,800	644,900	650,400	610,500	613,100	585,300	593,300	569,400	578,200	551,500	569,500	545,700	563,100	522,700	531,300	512,000	518,300	496,200	507,800	496,600	500,200	495,974	528,581	524,160	534,085
Expenses:
Operating expenses
340,300	323,400	325,400	322,100	325,300	264,900	265,500	265,400	272,200	248,600	232,000	-	236,800	226,300	-	220,300	225,900	205,200	205,700	203,600	211,000	199,100	194,300	203,900	191,000	167,700	169,900	173,000	171,200	163,600	163,500	169,100	174,200	162,700	164,100	-	-	-	-	-	-	-	-	166,854	174,503	170,675	168,468
Selling, general and administrative expenses
332,300	325,600	317,500	343,800	315,800	286,800	277,000	278,200	294,900	251,300	243,600	-	252,400	234,000	-	257,300	246,700	223,000	221,200	237,000	229,000	207,000	205,000	212,700	208,700	194,200	188,100	200,500	197,100	175,800	176,700	186,500	184,900	165,100	169,300	-	-	-	-	-	-	-	-	154,806	156,677	141,585	144,032
Total expenses
672,600	649,000	642,900	665,900	641,100	551,700	542,500	543,600	567,100	499,900	475,600	-	489,200	460,300	-	477,600	472,600	428,200	426,900	440,600	440,000	406,100	399,300	416,600	399,700	361,900	358,000	373,500	368,300	339,400	340,200	355,600	359,100	327,800	333,400	-	-	-	-	-	-	-	-	321,660	331,180	312,260	312,500
Operating income
470,100	341,700	349,100	314,500	429,300	307,200	320,300	317,800	369,000	303,100	317,300	298,900	306,600	311,100	323,000	276,300	280,000	294,200	296,100	251,600	264,300	270,200	267,500	228,300	250,700	248,600	255,100	211,800	225,000	230,000	238,000	195,900	210,400	217,900	229,700	182,800	198,900	203,900	200,800	173,600	168,200	193,100	189,900	174,314	197,401	211,900	221,585
Other (expense)/income, net
-5,900	-4,700	-4,800	-4,000	-3,700	2,100	2,300	2,500	2,300	1,700	2,100	1,600	1,200	900	1,500	-200	1,700	1,600	1,400	2,000	1,600	1,400	1,400	1,400	1,500	1,300	1,200	1,400	1,400	1,900	1,900	1,800	1,600	1,500	1,500	1,400	1,500	1,500	1,400	1,300	1,200	1,100	900	850	1,067	1,932	3,051
Income before income taxes
464,200	337,000	344,300	310,500	425,600	309,300	322,600	320,300	371,300	304,800	319,400	300,500	307,800	312,000	324,500	276,100	281,700	295,800	297,500	253,600	265,900	271,600	268,900	229,700	252,200	249,900	256,300	213,200	226,400	231,900	239,900	197,700	212,000	219,400	231,200	184,200	200,400	205,400	202,200	174,900	169,400	194,200	190,800	175,164	198,468	213,832	224,636
Income taxes
109,700	78,300	80,100	80,100	101,000	73,500	79,000	91,800	4,100	106,000	109,000	105,200	105,300	109,900	107,100	98,000	101,300	106,600	88,400	92,400	96,500	98,600	97,600	83,800	92,100	91,200	93,500	89,700	81,900	84,000	86,800	74,400	76,600	79,000	82,300	65,300	69,800	71,500	70,300	59,400	57,400	68,300	67,200	61,405	67,678	73,590	75,927
Net income
354,500	258,700	264,200	230,400	324,600	235,800	243,600	228,500	367,200	198,800	210,400	195,300	202,500	202,100	217,400	178,100	180,400	189,200	209,100	161,200	169,400	173,000	171,300	145,900	160,100	158,700	162,800	123,500	144,500	147,900	153,100	123,300	135,400	140,400	148,900	118,900	130,600	133,900	131,900	115,500	112,000	125,900	123,600	113,759	130,790	140,242	148,709
Unrealized (losses)/gains on securities, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	21,400	-56,000	-	-	17,200	6,500	6,300	-14,300	-600	-3,600	4,500	-3,100	10,900	18,600	-26,900	-10,700	-7,000	2,400	-400	-5,500	9,200	-10,200	6,700	-	-	-	-	-	-	-	-	-	-	-	-
Other comprehensive income, net of tax
33,600	-14,900	26,400	19,400	28,100	-11,600	400	-9,500	-17,500	-33,600	4,400	-	21,400	-56,000	-	-8,300	17,200	6,500	6,300	-14,300	-600	-3,600	4,500	-3,100	10,900	18,600	-26,900	-10,700	-7,000	2,400	-400	-	9,200	-10,200	-	-	-	-	-	-	-	-	-	-	-	-	-
Comprehensive income
388,100	243,800	290,600	249,800	352,700	224,200	244,000	208,200	349,700	165,200	214,800	-	223,900	146,100	-	169,800	197,600	195,700	215,400	146,900	168,800	169,400	175,800	142,800	171,000	177,300	135,900	112,800	137,500	150,300	152,700	117,800	144,600	130,200	155,600	-	-	-	-	-	-	-	-	-	-	-	-
Basic earnings per share
0.99	0.72	0.74	0.64	0.90	0.66	0.68	0.64	1.02	0.55	0.59	0.54	0.56	0.56	0.60	0.50	0.50	0.52	0.58	0.44	0.47	0.48	0.47	0.40	0.44	0.43	0.45	0.33	0.40	0.41	0.42	0.34	0.37	0.39	0.41	0.33	0.36	0.37	0.36	0.32	0.31	0.35	0.34	0.32	0.36	0.39	0.41
Diluted earnings per share
0.98	0.72	0.73	0.64	0.90	0.65	0.67	0.63	1.01	0.55	0.58	0.54	0.56	0.56	0.60	0.49	0.50	0.52	0.58	0.45	0.46	0.47	0.47	0.40	0.44	0.43	0.44	0.33	0.40	0.41	0.42	0.34	0.37	0.39	0.41	0.33	0.36	0.37	0.36	0.32	0.31	0.35	0.34	0.32	0.36	0.39	0.41
Weighted-average common shares outstanding
358,500	358,100	358,600	359,400	359,200	359,100	359,100	359,000	359,200	359,100	358,900	359,300	359,000	360,200	361,000	360,500	360,500	360,700	361,100	362,300	363,200	363,000	363,100	363,600	364,200	364,900	365,300	364,800	363,800	363,600	363,000	362,600	362,500	362,400	362,200	362,000	361,800	361,700	361,600	361,500	361,400	361,400	361,200	360,938	360,821	360,812	360,629
Weighted-average common shares outstanding, assuming dilution
361,000	360,600	361,500	362,500	361,600	361,500	361,500	361,500	362,000	361,400	361,300	362,100	361,800	362,600	364,100	362,700	362,200	362,300	362,800	364,100	365,000	364,600	364,700	365,500	365,800	366,400	366,700	366,000	364,600	364,400	363,800	363,400	363,100	362,800	362,800	363,000	362,600	362,100	362,000	362,000	361,900	361,700	361,400	361,070	360,913	360,977	361,040
Cash dividends per common share
-	-	-	-	-	-	-	0.56	-	-	0.50	0.46	0.46	0.46	0.46	0.42	0.42	0.42	0.42	0.38	0.38	0.38	0.38	0.35	0.35	0.35	0.35	0.00	0.66	0.33	0.32	0.32	0.32	0.32	0.31	0.31	0.31	0.31	0.31	0.31	0.31	0.31	0.31	0.31	0.31	0.31	0.31
Management Solutions [Member]
Total service revenue
850,000	726,700	724,500	703,000	801,600	685,400	687,700	670,200	768,800	653,500	665,900	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
PEO And Insurance Solutions [Member]
Total service revenue
271,500	244,100	247,000	255,200	245,800	155,200	158,000	157,800	149,200	135,500	113,300	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-