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: 2017 | |||
Statements Of Consolidated Cash Flows | |||
Period Ending June 30, 2017 10-K (Filed: Aug 4, 2017) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| June 30, 2017 | June 30, 2016 | June 30, 2015 | |
| Cash Flows from Operating Activities: | |||
| NET EARNINGS | $ 1,733,400 | 1,492,500 | 1,452,500 |
| Adjustments to reconcile net earnings to cash flows provided by operating activities: | |||
| Depreciation and amortization | 316,100 | 288,600 | 277,900 |
| Deferred Income Tax Expense (Benefit), Net of Disposals | 10,000 | 700 | (15,300) |
| Stock-based compensation expense | 138,900 | 137,600 | 143,200 |
| Net pension expense | 24,200 | 17,700 | 17,600 |
| Net amortization of premiums and accretion of discounts on available-for-sale securities | 85,900 | 94,100 | 100,300 |
| Gain on sale of building | 0 | (13,900) | 0 |
| Gain on sale of divested businesses, net of tax | (121,400) | (21,800) | (78,400) |
| Other | 37,100 | 30,700 | 1,800 |
| Changes in operating assets and liabilities, net of effects from acquisitions and divestitures of businesses: | |||
| Decrease/(increase) in accounts receivable | 23,400 | (224,600) | (175,100) |
| Increase in other assets | (269,100) | (108,900) | (109,100) |
| (Decrease)/Increase in accounts payable | (11,600) | (15,900) | 13,100 |
| Increase in accrued expenses and other liabilities | 159,000 | 220,500 | 122,100 |
| Proceeds from the sale of notes receivable | 0 | 0 | 226,700 |
| Operating activities of discontinued operations | 0 | 0 | (3,300) |
| Net cash flows provided by operating activities | 2,125,900 | 1,897,300 | 1,974,000 |
| Cash Flows from Investing Activities: | |||
| Purchases of corporate and client funds marketable securities | (4,382,800) | (5,876,300) | (5,047,600) |
| Proceeds from the sales and maturities of corporate and client funds marketable securities | 3,593,600 | 5,215,400 | 3,841,000 |
| Net decrease/(increase) in restricted cash and cash equivalents held to satisfy client funds obligations | 6,843,600 | (8,218,200) | (2,960,600) |
| Capital expenditures | (240,200) | (168,500) | (158,800) |
| Additions to intangibles | (230,400) | (217,500) | (176,700) |
| Acquisitions of businesses, net of cash acquired | (87,400) | 0 | (8,100) |
| Proceeds from the sale of property, plant, and equipment and other assets | 0 | 15,700 | 23,600 |
| Dividend received from CDK Global, Inc. | 0 | 0 | 825,000 |
| Cash retained by CDK Global, Inc. | 0 | 0 | (180,000) |
| Proceeds from the sale of divested businesses | 234,000 | 162,200 | 98,600 |
| Investing activities of discontinued operations | 0 | 0 | (16,700) |
| Net cash flows provided by/(used in) investing activities | 5,730,400 | (9,087,200) | (3,760,300) |
| Cash Flows from Financing Activities: | |||
| Net (decrease)/increase in client funds obligations | (6,120,600) | 8,803,300 | 6,074,400 |
| Proceeds from debt issuance | 0 | 1,998,300 | 0 |
| Payments of debt | (2,000) | (1,500) | (2,300) |
| Repurchases of common stock | (1,259,600) | (1,155,700) | (1,557,200) |
| Proceeds from stock purchase plan and exercises of stock options | 95,700 | 75,300 | 109,100 |
| Dividends paid | (995,200) | (943,600) | (927,600) |
| Net repayments from issuance of commercial paper | 0 | 0 | (2,173,000) |
| Other | 0 | (23,400) | 23,400 |
| Financing activities of discontinued operations | 0 | 0 | 1,500 |
| Net cash flows (used in)/provided by financing activities | (8,281,700) | 8,752,700 | 1,548,300 |
| Effect of exchange rate changes on cash and cash equivalents | 14,700 | (11,000) | (106,300) |
| Net change in cash and cash equivalents | (410,700) | 1,551,800 | (344,300) |
| Cash and cash equivalents, beginning of period | 3,191,100 | 1,639,300 | |
| Cash and cash equivalents, end of period | 2,780,400 | 3,191,100 | 1,639,300 |
| Cash paid for interest | 78,100 | 37,500 | 5,700 |
| Cash paid for income taxes, net of income tax refunds | 817,100 | 651,600 | 773,300 |
| External Links | |
| AUTOMATIC DATA PROCESSING INC (ADP) Fiscal Year 2017 | |
| 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 |