10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||||||||||||
| |||||||||||||
|
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
AUTOMATIC DATA PROCESSING INC | |||
Ticker: ADP Fiscal Year: 2015 | |||
Statements Of Consolidated Cash Flows | |||
Period Ending June 30, 2015 10-K (Filed: Aug 7, 2015) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| June 30, 2015 | June 30, 2014 | June 30, 2013 | |
| NET EARNINGS | $ 1,452,500 | 1,515,900 | 1,405,800 |
| Cash Flows from Operating Activities: | |||
| Adjustments to reconcile net earnings to cash flows provided by operating activities: | |||
| Depreciation and amortization | 277,900 | 266,600 | 251,200 |
| Deferred income taxes | (15,300) | (37,900) | 33,700 |
| Stock-based compensation expense | 143,200 | 117,100 | 82,000 |
| Excess tax benefit related to exercise of stock options and restricted stock | 68,400 | 49,900 | 16,200 |
| Net pension expense | 17,600 | 24,300 | 37,600 |
| Net realized gain from the sales of marketable securities | (4,900) | (16,500) | (28,600) |
| Net amortization of premiums and accretion of discounts on available-for-sale securities | (100,300) | (94,400) | (79,300) |
| Goodwill impairment | 0 | 0 | 42,700 |
| Gains on sales of buildings | 0 | 0 | (2,200) |
| Gain on sale of discontinued businesses, net of tax | (78,400) | (10,500) | (36,700) |
| Other | 6,700 | 17,000 | 11,900 |
| Changes in operating assets and liabilities, net of effects from acquisitions and divestitures of businesses: | |||
| Increase in accounts receivable | (175,100) | (170,700) | (183,700) |
| Increase in other assets | (109,100) | (246,200) | (273,800) |
| Increase / (decrease) in accounts payable | 13,100 | 9,600 | (10,600) |
| Increase in accrued expenses and other liabilities | 122,100 | 263,800 | 115,200 |
| Proceeds from the sale of notes receivable | 226,700 | 0 | 0 |
| Operating activities of discontinued operations | (3,300) | 44,400 | 69,600 |
| Net cash flows provided by operating activities | 1,905,600 | 1,821,400 | 1,577,200 |
| Cash Flows from Investing Activities: | |||
| Purchases of corporate and client funds marketable securities | (5,047,600) | (3,414,900) | (4,902,600) |
| Proceeds from the sales and maturities of corporate and client funds marketable securities | 3,841,000 | 2,059,500 | 3,638,600 |
| Net (increase) / decrease in restricted cash and cash equivalents held to satisfy client funds obligations | (2,960,600) | 2,537,800 | (161,000) |
| Capital expenditures | (158,800) | (159,800) | (130,300) |
| Additions to intangibles | (176,700) | (143,600) | (104,900) |
| Acquisitions of businesses, net of cash acquired | (8,100) | 0 | (42,000) |
| Proceeds from the sale of property, plant, and equipment and other assets | 23,600 | 400 | 10,000 |
| Dividend received from CDK Global, Inc. | 825,000 | 0 | 0 |
| Cash retained by CDK Global, Inc. | (180,000) | 0 | 0 |
| Other | 0 | 0 | 700 |
| Proceeds from the sale of businesses included in discontinued operations | 98,600 | 24,400 | 161,400 |
| Investing activities of discontinued operations | (16,700) | (90,500) | (48,300) |
| Net cash flows (used in) provided by investing activities | (3,760,300) | 813,300 | (1,578,400) |
| Cash Flows from Financing Activities: | |||
| Net increase / (decrease) in client funds obligations | 6,074,400 | (2,989,500) | 1,138,500 |
| Payments of debt | (2,300) | (3,300) | (17,500) |
| Repurchases of common stock | (1,557,200) | (667,300) | (647,300) |
| Proceeds from stock purchase plan and exercises of stock options | 109,100 | 194,200 | 205,700 |
| Excess tax benefit related to exercise of stock options and restricted stock | 68,400 | 49,900 | 16,200 |
| Dividends paid | (927,600) | (883,100) | (805,500) |
| Net (repayments of) / proceeds from reverse repurchase agreements | 0 | (245,900) | 245,900 |
| Net (repayments of) / proceeds from issuance of commercial paper | (2,173,000) | 2,173,000 | 0 |
| Other | 23,400 | (1,100) | 0 |
| Financing activities of discontinued operations | 1,500 | 14,900 | 15,000 |
| Net cash flows provided by / (used in) financing activities | 1,616,700 | (2,358,200) | 151,000 |
| Effect of exchange rate changes on cash and cash equivalents | (106,300) | 8,000 | 1,200 |
| Net change in cash and cash equivalents | (344,300) | 284,500 | 151,000 |
| Cash and cash equivalents, beginning of period | 1,983,600 | 1,699,100 | |
| Cash and cash equivalents, end of period | 1,639,300 | 1,983,600 | 1,699,100 |
| Less cash and cash equivalents of discontinued operations, end of period | 0 | 399,600 | 294,900 |
| Cash and cash equivalents of continuing operations, end of period | 1,639,300 [1] | 1,584,000 | 1,404,200 |
| [1] (A) As of June 30, 2014, $2,015.8 million of short-term marketable securities and $183.8 million of cash and cash equivalents are related to the Company's outstanding commercial paper borrowings (see Note 8). | |||
| External Links | |
| AUTOMATIC DATA PROCESSING INC (ADP) Fiscal Year 2015 | |
| 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 |