|
3 months ended: |
Jan 31, 2021 |
|
Oct 31, 2020 |
|
Jul 31, 2020 |
|
Apr 30, 2020 |
|
Jan 31, 2020 |
|
Oct 31, 2019 |
|
Jul 31, 2019 |
|
Apr 30, 2019 |
|
Jan 31, 2019 |
|
Oct 31, 2018 |
|
Jul 31, 2018 |
|
Apr 30, 2018 |
|
Jan 31, 2018 |
|
Oct 31, 2017 |
|
Jul 31, 2017 |
|
Apr 30, 2017 |
|
Jan 31, 2017 |
|
Oct 31, 2016 |
|
Jul 31, 2016 |
|
Apr 30, 2016 |
|
Jan 31, 2016 |
|
Oct 31, 2015 |
|
Jul 31, 2015 |
|
Apr 30, 2015 |
|
Jan 31, 2015 |
|
Oct 31, 2014 |
|
|
Net income (loss) |
20 | |
198 | |
445 | |
1,084 | |
240 | |
57 | |
(44) | |
1,378 | |
189 | |
34 | |
49 | |
1,200 | |
(21) | |
(17) | |
24 | |
964 | |
13 | |
(30) | |
(40) | |
1,026 | |
24 | |
(31) | |
14 | |
501 | |
(66) | |
(84) | |
|
Depreciation |
40 | |
37 | |
44 | |
47 | |
49 | |
49 | |
52 | |
48 | |
48 | |
51 | |
55 | |
56 | |
57 | |
60 | |
58 | |
55 | |
52 | |
49 | |
50 | |
51 | |
49 | |
45 | |
42 | |
40 | |
39 | |
36 | |
|
Amortization of acquired intangible assets |
51 | |
9 | |
6 | |
7 | |
8 | |
8 | |
7 | |
6 | |
7 | |
6 | |
7 | |
8 | |
5 | |
5 | |
4 | |
7 | |
5 | |
6 | |
13 | |
11 | |
9 | |
10 | |
19 | |
19 | |
18 | |
18 | |
|
Non-cash operating lease cost |
15 | |
13 | |
14 | |
14 | |
16 | |
16 | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
|
Goodwill and intangible asset impairment charges |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
34 | |
263 | |
— | |
— | |
|
Share-based compensation expense |
180 | |
111 | |
114 | |
103 | |
107 | |
111 | |
98 | |
98 | |
100 | |
105 | |
99 | |
92 | |
94 | |
97 | |
85 | |
71 | |
81 | |
89 | |
81 | |
63 | |
68 | |
69 | |
73 | |
62 | |
61 | |
61 | |
|
Pre-tax gain on sale of discontinued operations |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
(354) | |
— | |
— | |
— | |
— | |
— | |
— | |
|
Loss on sale of long-lived assets |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
79 | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
|
Deferred income taxes |
(6) | |
17 | |
(77) | |
(72) | |
(12) | |
(18) | |
37 | |
(23) | |
(12) | |
(9) | |
27 | |
25 | |
10 | |
(11) | |
44 | |
(5) | |
(22) | |
(9) | |
30 | |
51 | |
(9) | |
(2) | |
(97) | |
13 | |
(10) | |
(6) | |
|
Tax benefit from share-based compensation plans |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
29 | |
10 | |
11 | |
9 | |
34 | |
13 | |
20 | |
18 | |
|
Excess tax benefit from share-based compensation plans |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
(29) | |
(10) | |
(11) | |
(9) | |
(34) | |
(13) | |
(20) | |
(18) | |
|
Other |
(32) | |
(16) | |
(16) | |
18 | |
— | |
4 | |
3 | |
6 | |
4 | |
2 | |
7 | |
(8) | |
5 | |
2 | |
4 | |
2 | |
6 | |
1 | |
6 | |
1 | |
— | |
10 | |
7 | |
(22) | |
7 | |
12 | |
|
Adjustments |
248 |
|
171 |
|
85 |
|
117 |
|
168 |
|
170 |
|
197 |
|
135 |
|
147 |
|
155 |
|
274 |
|
173 |
|
171 |
|
153 |
|
195 |
|
130 |
|
122 |
|
136 |
|
180 |
|
(177) |
|
117 |
|
132 |
|
78 |
|
375 |
|
115 |
|
121 |
|
|
Originations of loans held for sale |
2 | |
(43) | |
(566) | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
|
Sale and principal payments of loans held for sale |
(4) | |
147 | |
482 | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
|
Accounts receivable |
(225) | |
47 | |
73 | |
384 | |
(500) | |
(16) | |
176 | |
291 | |
(477) | |
21 | |
211 | |
222 | |
(414) | |
(14) | |
143 | |
275 | |
(399) | |
(14) | |
105 | |
306 | |
(403) | |
(28) | |
100 | |
251 | |
(323) | |
(4) | |
|
Income taxes receivable |
(65) | |
(17) | |
(5) | |
45 | |
35 | |
(22) | |
(62) | |
68 | |
46 | |
(47) | |
(63) | |
31 | |
29 | |
2 | |
(63) | |
40 | |
17 | |
(38) | |
(15) | |
105 | |
(9) | |
(17) | |
(76) | |
137 | |
(54) | |
(56) | |
|
Prepaid expenses and other assets |
(25) | |
(38) | |
24 | |
27 | |
(19) | |
(63) | |
(7) | |
24 | |
18 | |
(72) | |
6 | |
29 | |
(41) | |
(25) | |
(14) | |
63 | |
(8) | |
(50) | |
5 | |
3 | |
11 | |
(29) | |
4 | |
6 | |
15 | |
(3) | |
|
Accounts payable |
145 | |
(58) | |
(78) | |
(64) | |
180 | |
(5) | |
(115) | |
(5) | |
186 | |
24 | |
(148) | |
(16) | |
115 | |
61 | |
(104) | |
11 | |
95 | |
(2) | |
(100) | |
(26) | |
109 | |
(6) | |
(90) | |
9 | |
84 | |
32 | |
|
Accrued compensation and related liabilities |
(21) | |
(248) | |
132 | |
89 | |
59 | |
(180) | |
71 | |
91 | |
45 | |
(191) | |
83 | |
81 | |
58 | |
(147) | |
57 | |
36 | |
65 | |
(148) | |
58 | |
31 | |
45 | |
(145) | |
53 | |
50 | |
60 | |
(139) | |
|
Deferred revenue |
175 | |
(85) | |
23 | |
(36) | |
119 | |
(68) | |
46 | |
(65) | |
127 | |
(69) | |
(54) | |
(76) | |
295 | |
(99) | |
(47) | |
(120) | |
317 | |
(67) | |
(21) | |
(83) | |
350 | |
(54) | |
(9) | |
(32) | |
411 | |
28 | |
|
Income taxes payable |
— | |
— | |
(322) | |
322 | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
|
Operating lease liabilities |
(15) | |
(12) | |
(19) | |
(14) | |
(14) | |
(14) | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
|
Other liabilities |
44 | |
(17) | |
13 | |
(17) | |
49 | |
14 | |
(384) | |
331 | |
60 | |
2 | |
(395) | |
331 | |
60 | |
8 | |
(481) | |
403 | |
70 | |
8 | |
(482) | |
417 | |
62 | |
(19) | |
(292) | |
178 | |
123 | |
(13) | |
|
Changes in operating assets and liabilities |
13 |
|
(428) |
|
(159) |
|
736 |
|
(91) |
|
(354) |
|
(275) |
|
735 |
|
5 |
|
(332) |
|
(360) |
|
602 |
|
102 |
|
(214) |
|
(509) |
|
708 |
|
157 |
|
(311) |
|
(450) |
|
753 |
|
165 |
|
(298) |
|
(310) |
|
599 |
|
316 |
|
(155) |
|
|
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities |
259 |
|
(153) |
|
(158) |
|
853 |
|
77 |
|
(184) |
|
(78) |
|
870 |
|
152 |
|
(177) |
|
(86) |
|
775 |
|
273 |
|
(61) |
|
(314) |
|
838 |
|
279 |
|
(175) |
|
(270) |
|
576 |
|
282 |
|
(166) |
|
(232) |
|
974 |
|
431 |
|
(34) |
|
|
Net cash provided by (used in) operating activities |
279 |
|
45 |
|
287 |
|
1,937 |
|
317 |
|
(127) |
|
(122) |
|
2,248 |
|
341 |
|
(143) |
|
(37) |
|
1,975 |
|
252 |
|
(78) |
|
(290) |
|
1,802 |
|
292 |
|
(205) |
|
(310) |
|
1,602 |
|
306 |
|
(197) |
|
(218) |
|
1,475 |
|
365 |
|
(118) |
|
|
Purchases of corporate and customer fund investments |
(337) | |
(198) | |
(214) | |
(130) | |
(150) | |
(207) | |
(373) | |
(226) | |
(83) | |
(70) | |
(104) | |
(166) | |
(51) | |
(86) | |
(66) | |
(85) | |
(76) | |
(125) | |
(345) | |
(408) | |
(64) | |
(117) | |
(154) | |
(166) | |
(254) | |
(365) | |
|
Sales of corporate and customer fund investments |
59 | |
30 | |
25 | |
32 | |
20 | |
53 | |
24 | |
18 | |
9 | |
33 | |
41 | |
19 | |
30 | |
38 | |
27 | |
16 | |
18 | |
298 | |
175 | |
48 | |
2 | |
940 | |
86 | |
76 | |
311 | |
147 | |
|
Maturities of corporate and customer fund investments |
109 | |
156 | |
188 | |
121 | |
131 | |
156 | |
128 | |
69 | |
65 | |
41 | |
149 | |
71 | |
20 | |
46 | |
33 | |
71 | |
57 | |
22 | |
27 | |
34 | |
62 | |
64 | |
69 | |
78 | |
99 | |
229 | |
|
Net change in cash and cash equivalents held to satisfy customer fund obligations |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
52 | |
2 | |
(102) | |
53 | |
(50) | |
2 | |
2 | |
(22) | |
93 | |
— | |
(25) | |
(10) | |
(8) | |
24 | |
4 | |
(69) | |
|
Net change in customer fund deposits |
— | |
— | |
— | |
— | |
— | |
— | |
53 | |
(51) | |
(4) | |
71 | |
(52) | |
(2) | |
102 | |
(53) | |
50 | |
(2) | |
(2) | |
22 | |
(68) | |
— | |
25 | |
10 | |
8 | |
(24) | |
(4) | |
69 | |
|
Purchases of property and equipment |
(33) | |
(38) | |
(30) | |
(39) | |
(30) | |
(38) | |
(26) | |
(49) | |
(45) | |
(35) | |
(27) | |
(20) | |
(27) | |
(50) | |
(52) | |
(46) | |
(46) | |
(86) | |
(73) | |
(55) | |
(324) | |
(70) | |
(78) | |
(67) | |
(61) | |
(55) | |
|
Acquisitions of businesses, net of cash acquired |
(2,960) | |
(85) | |
— | |
— | |
— | |
— | |
(64) | |
— | |
— | |
— | |
— | |
(1) | |
(362) | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
(19) | |
(67) | |
(9) | |
|
Proceeds from divestiture of businesses |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
463 | |
— | |
— | |
— | |
— | |
— | |
— | |
|
Originations of term loans to small businesses |
(59) | |
(11) | |
(3) | |
(74) | |
(85) | |
(81) | |
(81) | |
(83) | |
(76) | |
(76) | |
(60) | |
(37) | |
(28) | |
(12) | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
|
Principal repayments of term loans from small businesses |
24 | |
29 | |
58 | |
74 | |
76 | |
79 | |
79 | |
72 | |
64 | |
52 | |
38 | |
26 | |
14 | |
4 | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
|
Other |
61 | |
(13) | |
(10) | |
1 | |
(1) | |
(19) | |
(5) | |
(10) | |
9 | |
4 | |
19 | |
6 | |
(7) | |
(15) | |
(5) | |
(21) | |
(8) | |
(11) | |
(16) | |
3 | |
1 | |
(1) | |
(10) | |
38 | |
(2) | |
(8) | |
|
Net cash (used in) provided by investing activities |
(3,136) |
|
(130) |
|
14 |
|
(15) |
|
(39) |
|
(57) |
|
(265) |
|
(260) |
|
(61) |
|
20 |
|
56 |
|
(102) |
|
(411) |
|
(75) |
|
(63) |
|
(65) |
|
(55) |
|
98 |
|
(207) |
|
85 |
|
(323) |
|
816 |
|
(87) |
|
(60) |
|
26 |
|
(61) |
|
|
Proceeds from issuance of long-term debt, net of discount and issuance costs |
— | |
— | |
1,983 | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
500 | |
— | |
— | |
— | |
— | |
— | |
— | |
|
Proceeds from borrowings under unsecured revolving credit facility |
— | |
— | |
1,000 | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
400 | |
400 | |
— | |
— | |
50 | |
100 | |
— | |
250 | |
395 | |
350 | |
— | |
— | |
— | |
— | |
|
Repayments on borrowings under unsecured revolving credit facility |
— | |
(1,000) | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
(640) | |
(160) | |
— | |
— | |
(150) | |
— | |
— | |
— | |
(995) | |
— | |
— | |
— | |
— | |
— | |
— | |
|
Proceeds from borrowings under secured revolving credit facility |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
48 | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
|
Repayment of debt |
— | |
(13) | |
(12) | |
(13) | |
(12) | |
(13) | |
(12) | |
(13) | |
(12) | |
(13) | |
(12) | |
(13) | |
(12) | |
(13) | |
(12) | |
(500) | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
|
Proceeds from issuance of stock under employee stock plans |
20 | |
88 | |
51 | |
39 | |
58 | |
63 | |
53 | |
77 | |
34 | |
120 | |
90 | |
55 | |
67 | |
83 | |
76 | |
64 | |
43 | |
43 | |
72 | |
40 | |
38 | |
47 | |
(22) | |
28 | |
54 | |
47 | |
|
Payments for employee taxes withheld upon vesting of restricted stock units |
(69) | |
(99) | |
(116) | |
(24) | |
(33) | |
(71) | |
(158) | |
(17) | |
(13) | |
(63) | |
(141) | |
(9) | |
(10) | |
(39) | |
(92) | |
(10) | |
(6) | |
(45) | |
(72) | |
(7) | |
(6) | |
(23) | |
— | |
— | |
— | |
— | |
|
Cash paid for purchases of treasury stock |
(164) | |
— | |
— | |
(45) | |
(138) | |
(140) | |
(148) | |
(134) | |
(179) | |
(95) | |
— | |
(19) | |
(85) | |
(168) | |
(366) | |
(90) | |
(208) | |
(175) | |
(74) | |
(465) | |
(472) | |
(1,253) | |
(11) | |
(680) | |
(440) | |
(114) | |
|
Dividends and dividend rights paid |
(163) | |
(158) | |
(142) | |
(139) | |
(139) | |
(141) | |
(127) | |
(123) | |
(122) | |
(129) | |
(102) | |
(100) | |
(100) | |
(105) | |
(88) | |
(88) | |
(88) | |
(89) | |
(80) | |
(77) | |
(79) | |
(82) | |
(71) | |
(69) | |
(69) | |
(74) | |
|
Net change in customer fund deposits |
(58) | |
29 | |
66 | |
(72) | |
48 | |
(23) | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
|
Excess tax benefit from share-based compensation plans |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
— | |
29 | |
10 | |
11 | |
9 | |
34 | |
13 | |
20 | |
18 | |
|
Other |
— | |
— | |
— | |
— | |
(1) | |
— | |
(1) | |
(2) | |
(3) | |
(2) | |
— | |
(1) | |
— | |
— | |
(1) | |
— | |
— | |
— | |
(1) | |
(5) | |
— | |
— | |
(1) | |
— | |
— | |
— | |
|
Net cash provided by (used in) financing activities |
(434) |
|
(1,153) |
|
2,830 |
|
(254) |
|
(217) |
|
(325) |
|
(393) |
|
(164) |
|
(295) |
|
(182) |
|
(165) |
|
(727) |
|
100 |
|
158 |
|
(483) |
|
(774) |
|
(209) |
|
(166) |
|
(126) |
|
(749) |
|
(113) |
|
(952) |
|
(71) |
|
(708) |
|
(435) |
|
(123) |
|
|
Effect of exchange rates on cash, cash equivalents, restricted cash, and restricted cash equivalents |
11 | |
(1) | |
6 | |
(10) | |
(2) | |
— | |
3 | |
(4) | |
2 | |
(4) | |
(4) | |
(10) | |
8 | |
(5) | |
15 | |
(5) | |
4 | |
(5) | |
(8) | |
17 | |
(10) | |
(1) | |
(9) | |
4 | |
(16) | |
(5) | |
|
Net increase (decrease) in cash, cash equivalents, restricted cash, and restricted cash equivalents |
(3,280) |
|
(1,239) |
|
3,137 |
|
1,658 |
|
59 |
|
(509) |
|
(777) |
|
1,820 |
|
(13) |
|
(309) |
|
(150) |
|
1,136 |
|
(51) |
|
— |
|
(821) |
|
958 |
|
32 |
|
(278) |
|
(651) |
|
955 |
|
(140) |
|
(334) |
|
(385) |
|
711 |
|
(60) |
|
(307) |
|