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: 2012 | |||
Statements Of Consolidated Cash Flows | |||
Period Ending June 30, 2012 10-K (Filed: Aug 20, 2012) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| June 30, 2012 | June 30, 2011 | June 30, 2010 | |
| Cash Flows from Operating Activities: | |||
| Net earnings | $ 1,388,500 | 1,254,200 | 1,211,400 |
| Adjustments to reconcile net earnings to cash flows provided by operating activities: | |||
| Depreciation and amortization | 323,300 | 318,200 | 309,200 [1] |
| Deferred income taxes | 38,100 | 107,600 | 96,100 |
| Stock-based compensation expense | 78,700 | 76,300 | 67,600 |
| Excess tax benefit related to exercises of stock options | (5,700) | (1,000) | (200) |
| Net pension expense | 36,700 | 40,700 | 34,700 |
| Net realized gain from the sales of marketable securities | (24,400) | (34,400) | (1,600) |
| Net amortization of premiums and accretion of discounts on available-for-sale securities | 60,000 | 53,600 | 57,300 |
| Impairment losses on available-for-sale securities | 5,800 | 14,400 | |
| Impairment losses on assets held for sale | 2,200 | 11,700 | |
| Gain on sale of assets | (66,000) | ||
| (Gain) loss on sales of buildings | (1,800) | 2,300 | |
| Gain on sale of discontinued businesses, net of tax | (500) | ||
| Other | 21,400 | 35,100 | 8,800 |
| Changes in operating assets and liabilities, net of effects from acquisitions and divestitures of businesses: | |||
| Increase in accounts receivable | (40,100) | (138,300) | (108,800) |
| (Increase) decrease in other assets | (71,600) | (81,300) | 30,000 |
| Increase (decrease) in accounts payable | 11,200 | (24,600) | 34,700 |
| Increase (decrease) in accrued expenses and other liabilities | 152,100 | 89,800 | (73,300) |
| Net cash flows provided by operating activities | 1,910,200 | 1,705,800 | 1,682,100 |
| Cash Flows From Investing Activities: | |||
| Purchases of corporate and client funds marketable securities | (5,113,500) | (4,770,900) | (3,846,700) |
| Proceeds from the sales and maturities of corporate and client funds marketable securities | 3,962,200 | 3,305,100 | 3,406,900 |
| Net decrease (increase) in restricted cash and cash equivalents held to satisfy client funds obligations | 4,855,000 | (4,837,100) | (1,639,400) |
| Capital expenditures | (140,100) | (181,900) | (102,900) |
| Additions to intangibles | (109,500) | (95,800) | (123,800) |
| Acquisitions of businesses, net of cash acquired | (265,700) | (776,000) | (100,000) |
| Proceeds from the sale of property, plant and equipment and other assets | 71,600 | 13,100 | 3,100 |
| Other | (16,400) | 2,900 | 1,700 |
| Proceeds from the sale of businesses included in discontinued operations | 21,600 | ||
| Net cash flows provided by (used in) investing activities | 3,243,600 | (7,340,600) | (2,379,500) |
| Cash Flows From Financing Activities: | |||
| Net (decrease) increase in client funds obligations | (3,726,600) | 6,290,900 | 2,020,400 |
| Payments of debt | (2,000) | (5,700) | (2,900) |
| Net repayment of commercial paper borrowing | (730,000) | ||
| Repurchases of common stock | (741,300) | (732,800) | (766,400) |
| Proceeds from stock purchase plan and exercises of stock options | 250,000 | 478,200 | 241,100 |
| Excess tax benefit related to exercises of stock options | 5,700 | 1,000 | 200 |
| Dividends paid | (739,700) | (692,400) | (673,400) |
| Net cash flows (used in) provided by financing activities | (4,953,900) | 5,339,200 | 89,000 |
| Effect of exchange rate changes on cash and cash equivalents | (41,200) | 41,700 | (13,600) |
| Net change in cash and cash equivalents | 158,700 | (253,900) | (622,000) |
| Cash and cash equivalents of continuing operations, beginning of year | 1,389,400 | 1,643,300 | |
| Cash and cash equivalents of discontinued operations, beginning of year | |||
| Cash and cash equivalents, end of year | 1,548,100 | 1,389,400 | 1,643,300 |
| Less cash and cash equivalents of discontinued operations, end of year | |||
| Cash and cash equivalents of continuing operations, end of year | 1,548,100 | 1,389,400 | 1,643,300 |
| [1] Includes $63.3 million, $64.8 million, and $70.6 million for the years ended June 30, 2012, 2011 and 2010, respectively, of depreciation and amortization that does not relate to our services and products. | |||
| External Links | |
| AUTOMATIC DATA PROCESSING INC (ADP) Fiscal Year 2012 | |
| 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 |