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: 2014 | |||
Statements Of Consolidated Cash Flows | |||
Period Ending June 30, 2014 10-K (Filed: Aug 8, 2014) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| June 30, 2014 | June 30, 2013 | June 30, 2012 | |
| NET EARNINGS | $ 1,515,900 | 1,405,800 | 1,388,500 |
| Cash Flows from Operating Activities: | |||
| Adjustments to reconcile net earnings to cash flows provided by operating activities: | |||
| Depreciation and amortization | 336,200 | 316,700 | 319,300 |
| Deferred income taxes | (50,300) | 24,700 | 36,100 |
| Stock-based compensation expense | 138,400 | 96,400 | 94,100 |
| Net pension expense | 29,700 | 43,700 | 36,700 |
| Net realized gain from the sales of marketable securities | (16,500) | (28,600) | (24,400) |
| Net amortization of premiums and accretion of discounts on available-for-sale securities | 94,400 | 79,300 | 60,000 |
| Impairment Losses on Available-for-sale Securities | 0 | 0 | 5,800 |
| Impairment losses on assets held for sale | 0 | 0 | 2,200 |
| Goodwill impairment | 0 | 42,700 | 0 |
| Gain on sale of assets | 0 | 0 | (66,000) |
| Gain on sale of buildings | 0 | (2,200) | 0 |
| Gain on sale of discontinued businesses, net of tax | (10,500) | (36,700) | 0 |
| Other | (21,600) | 8,400 | 14,600 |
| Changes in operating assets and liabilities, net of effects from acquisitions and divestitures of businesses: | |||
| Increase in accounts receivable | (204,000) | (218,200) | (41,700) |
| Increase in other assets | (253,200) | (283,500) | (71,700) |
| Increase/(decrease) in accounts payable | 9,700 | (10,100) | 10,300 |
| Increase in accrued expenses and other liabilities | 253,000 | 135,400 | 134,500 |
| Operating activities of discontinued operations | 200 | 3,400 | 11,900 |
| Net cash flows provided by operating activities | 1,821,400 | 1,577,200 | 1,910,200 |
| Cash Flows from Investing Activities: | |||
| Purchases of corporate and client funds marketable securities | (3,414,900) | (4,902,600) | (5,113,500) |
| Proceeds from the sales and maturities of corporate and client funds marketable securities | 2,059,500 | 3,638,600 | 3,962,200 |
| Net decrease/(increase) in restricted cash and cash equivalents held to satisfy client funds obligations | 2,537,800 | (161,000) | 4,855,000 |
| Capital expenditures | (216,600) | (174,600) | (140,100) |
| Additions to intangibles | (151,100) | (108,300) | (109,500) |
| Acquisitions of businesses, net of cash acquired | (25,700) | (42,000) | (265,700) |
| Proceeds from the sale of property, plant, and equipment and other assets | 400 | 10,000 | 71,600 |
| Investing activities of discontinued operations | (500) | (600) | 0 |
| Proceeds from the sale of businesses included in discontinued operations | 24,400 | 161,400 | 0 |
| Other | 0 | 700 | (16,400) |
| Net cash flows (used in) provided by investing activities | 813,300 | (1,578,400) | 3,243,600 |
| Cash Flows from Financing Activities: | |||
| Net (decrease)/increase in client funds obligations | (2,989,500) | 1,138,500 | (3,726,600) |
| Payments of debt | (3,300) | (17,500) | (2,000) |
| Repurchases of common stock | (667,300) | (647,300) | (741,300) |
| Proceeds from stock purchase plan and exercises of stock options | 219,100 | 235,300 | 250,000 |
| Dividends paid | (883,100) | (805,500) | (739,700) |
| Net (repayments of)/proceeds from reverse repurchase agreements | (245,900) | 245,900 | 0 |
| Net proceeds from issuance of commercial paper | 2,173,000 | 0 | 0 |
| Other | 38,800 | 1,600 | 5,700 |
| Net cash flows provided by (used in) financing activities | (2,358,200) | 151,000 | (4,953,900) |
| Effect of exchange rate changes on cash and cash equivalents | 8,000 | 1,200 | (41,200) |
| Net change in cash and cash equivalents | 284,500 | 151,000 | 158,700 |
| Cash and cash equivalents of continuing operations, beginning of period | 1,699,100 | 1,548,100 | |
| Cash and cash equivalents of continuing operations, end of period | 1,983,600 | 1,699,100 | 1,548,100 |
| External Links | |
| AUTOMATIC DATA PROCESSING INC (ADP) Fiscal Year 2014 | |
| 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 |