10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
AUTOMATIC DATA PROCESSING INC | |||
Ticker: ADP Fiscal Year: 2022 | |||
Statements Of Consolidated Cash Flows | |||
Period Ending June 30, 2022 10-K (Filed: Aug 3, 2022) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| June 30, 2022 | June 30, 2021 | June 30, 2020 | |
| Cash Flows from Operating Activities: | |||
| Net earnings | $ 2,948,900 | 2,598,500 | 2,466,500 |
| Adjustments to reconcile net earnings to cash flows provided by operating activities: | |||
| Depreciation and amortization | 515,100 | 510,700 | 480,000 |
| Amortization of deferred contract costs | 955,200 | 935,300 | 915,000 |
| Deferred income taxes | 36,600 | (251,100) | 26,000 |
| Stock-based compensation expense | 201,700 | 175,300 | 130,800 |
| Net pension (income)/expense | (53,400) | (52,800) | (11,600) |
| Net amortization of premiums and accretion of discounts on available-for-sale securities | 101,000 | 69,500 | 50,200 |
| Other | 32,700 | 45,300 | 89,300 |
| Changes in operating assets and liabilities: | |||
| Increase in accounts receivable | (486,500) | (339,800) | (113,800) |
| Increase in other assets | (1,258,400) | (1,029,400) | (910,400) |
| (Decrease)/Increase in accounts payable | (16,400) | 36,900 | (18,300) |
| Increase/(Decrease) in accrued expenses and other liabilities | 123,000 | 394,900 | (77,500) |
| Net cash flows provided by operating activities | 3,099,500 | 3,093,300 | 3,026,200 |
| Cash Flows from Investing Activities: | |||
| Purchases of corporate and client funds marketable securities | (10,733,200) | (9,266,300) | (3,905,100) |
| Proceeds from the sales and maturities of corporate and client funds marketable securities | 4,249,700 | 6,238,400 | 7,648,400 |
| Capital expenditures | (174,400) | (178,600) | (172,700) |
| Additions to intangibles | (379,000) | (327,300) | (443,700) |
| Acquisitions of businesses, net of cash acquired | (11,700) | 0 | 0 |
| Proceeds from the sale of property, plant, and equipment and other assets | 34,200 | 18,800 | 29,400 |
| Net cash flows (used in)/provided by investing activities | (7,014,400) | (3,515,000) | 3,156,300 |
| Cash Flows from Financing Activities: | |||
| Net increase /(decrease) in client funds obligations | 17,057,900 | 8,336,200 | (3,213,200) |
| Payments of debt | (900) | (1,001,800) | (2,200) |
| Proceeds from the issuance of debt | 0 | 1,981,500 | 0 |
| Settlement of cash flow hedges | 0 | (44,600) | 0 |
| Repurchases of common stock | (1,969,400) | (1,372,300) | (1,006,300) |
| Net proceeds from stock purchase plan and stock-based compensation plans | 96,500 | 104,100 | 50,000 |
| Dividends paid | (1,659,000) | (1,575,500) | (1,470,500) |
| Net proceeds/(payments) related to reverse repurchase agreements | 128,300 | 9,900 | (248,400) |
| Net cash flows provided by/(used in) financing activities | 13,653,400 | 6,437,500 | (5,890,600) |
| Effect of exchange rate changes on cash, cash equivalents, restricted cash, and restricted cash equivalents | (98,700) | 73,800 | (34,500) |
| Net change in cash, cash equivalents, restricted cash, and restricted cash equivalents | 9,639,800 | 6,089,600 | 257,400 |
| Cash, cash equivalents, restricted cash, and restricted cash equivalents, beginning of year | 13,143,200 | 7,053,600 | |
| Cash, cash equivalents, restricted cash, and restricted cash equivalents, end of year | 22,783,000 | 13,143,200 | 7,053,600 |
| Reconciliation of cash, cash equivalents, restricted cash, and restricted cash equivalents to the Consolidated Balance Sheets | |||
| Cash and cash equivalents | 1,436,300 | 2,575,200 | 1,908,500 |
| Restricted cash and restricted cash equivalents included in funds held for clients (A) | 21,346,700 | 10,568,000 | 5,145,100 |
| Total cash, cash equivalents, restricted cash, and restricted cash equivalents | 22,783,000 | 13,143,200 | 7,053,600 |
| Supplemental disclosures of cash flow information: | |||
| Cash paid for interest | 74,800 | 53,100 | 104,800 |
| Cash paid for income taxes, net of income tax refunds | 856,800 | 973,700 | 677,100 |
| External Links | |
| AUTOMATIC DATA PROCESSING INC (ADP) Fiscal Year 2022 | |
| Statements of 10-K in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |