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: 2013 | |||
Statements Of Consolidated Cash Flows | |||
Period Ending June 30, 2013 10-K (Filed: Aug 19, 2013) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| June 30, 2013 | June 30, 2012 | June 30, 2011 | |
| NET EARNINGS | $ 1,405,800 | 1,388,500 | 1,254,200 |
| Cash Flows from Operating Activities: | |||
| Adjustments to reconcile net earnings to cash flows provided by operating activities: | |||
| Depreciation and amortization | 317,000 | 319,700 | 314,600 |
| Deferred income taxes | 24,600 | 35,900 | 105,300 |
| Stock-based compensation expense | 96,400 | 94,100 | 90,300 |
| Net pension expense | 43,700 | 36,700 | 40,500 |
| Net realized gain from the sales of marketable securities | (28,600) | (24,400) | (34,400) |
| Net amortization of premiums and accretion of discounts on available-for-sale securities | 79,300 | 60,000 | 53,600 |
| Impairment Losses on Available-for-sale Securities | 0 | 5,800 | 0 |
| Impairment losses on assets held for sale | 0 | 2,200 | 11,700 |
| Goodwill impairment | 42,700 | 0 | 0 |
| Gain on sale of assets | 0 | (66,000) | 0 |
| Gain on sale of buildings | (2,200) | 0 | (1,800) |
| Gain on sale of discontinued businesses, net of tax | (36,700) | 0 | 0 |
| Other | 9,000 | 15,100 | 33,600 |
| Changes in operating assets and liabilities, net of effects from acquisitions and divestitures of businesses: | |||
| (Increase)/decrease in accounts receivable | (217,000) | (38,500) | (137,300) |
| Increase in other assets | (283,500) | (71,700) | (82,100) |
| Decrease in accounts payable | (10,600) | 11,000 | (24,600) |
| Decrease/(increase) in accrued expenses and other liabilities | 135,900 | 135,000 | 77,400 |
| Operating activities of discontinued operations | 1,400 | 6,800 | 4,800 |
| Net cash flows provided by operating activities | 1,577,200 | 1,910,200 | 1,705,800 |
| Cash Flows from Investing Activities: | |||
| Purchases of corporate and client funds marketable securities | (4,902,600) | (5,113,500) | (4,770,900) |
| Proceeds from the sales and maturities of corporate and client funds marketable securities | 3,638,600 | 3,962,200 | 3,305,100 |
| Net (increase)/decrease in restricted cash and cash equivalents held to satisfy client funds obligations | (161,000) | 4,855,000 | (4,837,100) |
| Capital expenditures | (174,600) | (140,100) | (181,900) |
| Additions to intangibles | (108,300) | (109,500) | (95,800) |
| Acquisitions of businesses, net of cash acquired | (42,000) | (265,700) | (776,000) |
| Proceeds from the sale of property, plant, and equipment and other assets | 10,000 | 71,600 | 13,100 |
| Investing activities of discontinued operations | (600) | 0 | 0 |
| Proceeds from Divestiture of Businesses | 161,400 | 0 | 0 |
| Other | 700 | (16,400) | 2,900 |
| Net cash flows (used in) provided by investing activities | (1,578,400) | 3,243,600 | (7,340,600) |
| Cash Flows from Financing Activities: | |||
| Net increase (decrease) in client funds obligations | 1,138,500 | (3,726,600) | 6,290,900 |
| Payments of debt | (17,500) | (2,000) | (5,700) |
| Repurchases of common stock | (647,300) | (741,300) | (732,800) |
| Proceeds from stock purchase plan and exercises of stock options | 235,300 | 250,000 | 478,200 |
| Dividends paid | (805,500) | (739,700) | (692,400) |
| Net proceeds from reverse repurchase agreements | 245,900 | 0 | 0 |
| Proceeds from (Payments for) Other Financing Activities | 1,600 | 5,700 | 1,000 |
| Net cash flows provided by (used in) financing activities | 151,000 | (4,953,900) | 5,339,200 |
| Effect of exchange rate changes on cash and cash equivalents | 1,200 | (41,200) | 41,700 |
| Net change in cash and cash equivalents | 151,000 | 158,700 | (253,900) |
| Cash and cash equivalents of continuing operations, beginning of period | 1,548,100 | 1,389,400 | |
| Cash and cash equivalents of continuing operations, end of period | 1,699,100 [1] | 1,548,100 | 1,389,400 |
| [1] As of June 30, 2013, $245.2 million of long-term marketable securities and $0.7 million of cash and cash equivalents have been pledged as collateral under the Company's reverse repurchase agreements (see Note 9). | |||
| External Links | |
| AUTOMATIC DATA PROCESSING INC (ADP) Fiscal Year 2013 | |
| 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 |