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: 2016 | |||
Statements Of Consolidated Cash Flows | |||
Period Ending June 30, 2016 10-K (Filed: Aug 5, 2016) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| June 30, 2016 | June 30, 2015 | June 30, 2014 | |
| Cash Flows from Operating Activities: | |||
| NET EARNINGS | $ 1,492,500 | 1,452,500 | 1,515,900 |
| Adjustments to reconcile net earnings to cash flows provided by operating activities: | |||
| Depreciation and amortization | 288,600 | 277,900 | 266,600 |
| Deferred income taxes | 700 | (15,300) | (37,900) |
| Stock-based compensation expense | 137,600 | 143,200 | 117,100 |
| Excess tax benefit related to exercise of stock options and restricted stock | (37,400) | (68,400) | (49,900) |
| Net pension expense | 17,700 | 17,600 | 24,300 |
| Net realized loss / (gain) from the sales of marketable securities | 5,000 | (4,900) | (16,500) |
| Net amortization of premiums and accretion of discounts on available-for-sale securities | 94,100 | 100,300 | 94,400 |
| Gain on sale of building | (13,900) | 0 | 0 |
| Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal, net of Tax | 21,800 | 78,400 | 10,500 |
| Other | 25,700 | 6,700 | 17,000 |
| Changes in operating assets and liabilities, net of effects from acquisitions and divestitures of businesses: | |||
| Increase in accounts receivable | (224,600) | (175,100) | (170,700) |
| Increase in other assets | (108,900) | (109,100) | (246,200) |
| (Decrease) / increase in accounts payable | (15,900) | 13,100 | 9,600 |
| Increase in accrued expenses and other liabilities | 220,500 | 122,100 | 263,800 |
| Proceeds from the sale of notes receivable | 0 | 226,700 | 0 |
| Operating activities of discontinued operations | 0 | (3,300) | 44,400 |
| Net cash flows provided by operating activities | 1,859,900 | 1,905,600 | 1,821,400 |
| Cash Flows from Investing Activities: | |||
| Purchases of corporate and client funds marketable securities | (5,876,300) | (5,047,600) | (3,414,900) |
| Proceeds from the sales and maturities of corporate and client funds marketable securities | 5,215,400 | 3,841,000 | 2,059,500 |
| Net (increase) / decrease in restricted cash and cash equivalents held to satisfy client funds obligations | (8,218,200) | (2,960,600) | 2,537,800 |
| Capital expenditures | (168,500) | (158,800) | (159,800) |
| Additions to intangibles | (217,500) | (176,700) | (143,600) |
| Acquisitions of businesses, net of cash acquired | 0 | (8,100) | 0 |
| Proceeds from the sale of property, plant, and equipment and other assets | 15,700 | 23,600 | 400 |
| Dividend received from CDK Global, Inc. | 0 | 825,000 | 0 |
| Cash retained by CDK Global, Inc. | 0 | (180,000) | 0 |
| Proceeds from the sale of divested businesses | 162,200 | 98,600 | 24,400 |
| Investing activities of discontinued operations | 0 | (16,700) | (90,500) |
| Net cash flows (used in) / provided by investing activities | (9,087,200) | (3,760,300) | 813,300 |
| Cash Flows from Financing Activities: | |||
| Net increase / (decrease) in client funds obligations | 8,803,300 | 6,074,400 | (2,989,500) |
| Proceeds from debt issuance | 1,998,300 | 0 | 0 |
| Payments of debt | (1,500) | (2,300) | (3,300) |
| Repurchases of common stock | (1,155,700) | (1,557,200) | (667,300) |
| Proceeds from stock purchase plan and exercises of stock options | 75,300 | 109,100 | 194,200 |
| Excess tax benefit related to exercise of stock options and restricted stock | 37,400 | 68,400 | 49,900 |
| Dividends paid | (943,600) | (927,600) | (883,100) |
| Net repayments from reverse repurchase agreements | 0 | 0 | (245,900) |
| Net (repayments) / proceeds from issuance of commercial paper | 0 | (2,173,000) | 2,173,000 |
| Other | (23,400) | 23,400 | (1,100) |
| Financing activities of discontinued operations | 0 | 1,500 | 14,900 |
| Net cash flows provided by / (used in) financing activities | 8,790,100 | 1,616,700 | (2,358,200) |
| Effect of exchange rate changes on cash and cash equivalents | (11,000) | (106,300) | 8,000 |
| Net change in cash and cash equivalents | 1,551,800 | (344,300) | 284,500 |
| Cash and cash equivalents, beginning of period | 1,639,300 | 1,983,600 | |
| Cash and cash equivalents, end of period | 3,191,100 | 1,639,300 | 1,983,600 |
| Less cash and cash equivalents of discontinued operations, end of period | 0 | 0 | 399,600 |
| Cash and cash equivalents of continuing operations, end of period | 3,191,100 [1] | 1,639,300 | 1,584,000 |
| Interest Paid | 37,500 | 5,700 | 5,500 |
| Income Taxes Paid, Net | 651,600 | 773,300 | 821,500 |
| [1] {F|ahBzfndlYmZpbGluZ3MtaHJkcmoLEgZYTUxEb2MiXlhCUkxEb2NHZW5JbmZvOjAwMWI0MjZiOGFhMTQxZjM5MGJiMWZhNDg3NGUxNzgxfFRleHRTZWxlY3Rpb246QUMzQkRFOTMxQTRDNUYxNUFBOEE2MzM2RkNCREY2RTcM} | |||
| External Links | |
| AUTOMATIC DATA PROCESSING INC (ADP) Fiscal Year 2016 | |
| 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 |