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: 2018 | |||
Statements Of Consolidated Cash Flows | |||
Period Ending June 30, 2018 10-K (Filed: Aug 3, 2018) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| June 30, 2018 | June 30, 2017 | June 30, 2016 | |
| Cash Flows from Operating Activities: | |||
| NET EARNINGS | $ 1,620,800 | 1,733,400 | 1,492,500 |
| Adjustments to reconcile net earnings to cash flows provided by operating activities: | |||
| Depreciation and amortization | 377,600 | 316,100 | 288,600 |
| Deferred income taxes | 500 | 10,000 | 700 |
| Stock-based compensation expense | 175,400 | 138,900 | 137,600 |
| Net pension expense | 330,400 | 24,200 | 17,700 |
| Net amortization of premiums and accretion of discounts on available-for-sale securities | 71,500 | 85,900 | 94,100 |
| Gain on sale of assets | (400) | 0 | (13,900) |
| Gain on sale of divested businesses, net of tax | 0 | (121,400) | (21,800) |
| Other | 31,900 | 37,100 | 30,700 |
| Changes in operating assets and liabilities, net of effects from acquisitions and divestitures of businesses: | |||
| (Increase)/decrease in accounts receivable | (291,800) | 23,400 | (224,600) |
| Decrease/(increase) in other assets | 93,500 | (269,100) | (108,900) |
| Decrease in accounts payable | (1,900) | (11,600) | (15,900) |
| Increase in accrued expenses and other liabilities | 107,700 | 159,000 | 220,500 |
| Net cash flows provided by operating activities | 2,515,200 | 2,125,900 | 1,897,300 |
| Cash Flows from Investing Activities: | |||
| Purchases of corporate and client funds marketable securities | (4,876,800) | (4,382,800) | (5,876,300) |
| Proceeds from the sales and maturities of corporate and client funds marketable securities | 3,455,000 | 3,593,600 | 5,215,400 [1] |
| Net decrease/(increase) in restricted cash and cash equivalents held to satisfy client funds obligations | 0 | 0 | |
| Capital expenditures | (206,100) | (240,200) | (168,500) |
| Additions to intangibles | (264,700) | (230,400) | (217,500) |
| Acquisitions of businesses, net of cash acquired | (612,400) | (87,400) | 0 |
| Proceeds from the sale of property, plant, and equipment and other assets | 400 | 0 | 15,700 |
| Proceeds from the sale of divested businesses | 0 | 234,000 | 162,200 |
| Net cash flows used in investing activities | (2,504,600) | (1,113,200) | (869,000) |
| Cash Flows from Financing Activities: | |||
| Net increase/(decrease) in client funds obligations | 340,400 | (6,120,600) | 8,803,300 |
| Proceeds from debt issuance | 0 | 0 | 1,998,300 |
| Payments of debt | (7,300) | (2,000) | (1,500) |
| Repurchases of common stock | (989,300) | (1,259,600) | (1,155,700) |
| Net proceeds from stock purchase plan and stock-based compensation plans | 69,300 | 95,700 | 75,300 |
| Dividends paid | (1,063,700) | (995,200) | (943,600) |
| Other | (5,300) | 0 | (23,400) |
| Net cash flows (used in)/provided by financing activities | (1,655,900) | (8,281,700) | 8,752,700 |
| Effect of exchange rate changes on cash, cash equivalents, restricted cash, and restricted cash equivalents | 5,800 | (8,000) | (8,700) |
| Net change in cash, cash equivalents, restricted cash, and restricted cash equivalents | (1,639,500) | (7,277,000) | 9,772,300 |
| Cash, cash equivalents, restricted cash, and restricted cash equivalents, beginning of year | 8,181,600 | 15,458,600 | |
| Cash, cash equivalents, restricted cash, and restricted cash equivalents, end of year | 6,542,100 | 8,181,600 | 15,458,600 |
| Cash and cash equivalents | 2,170,000 | 2,780,400 | 3,191,100 |
| Restricted cash and restricted cash equivalents included in funds held for clients (A) | 4,372,100 [2] | 5,401,200 | 12,267,500 |
| Total cash, cash equivalents, restricted cash, and restricted cash equivalents | 6,542,100 | 8,181,600 | 15,458,600 |
| Cash paid for interest | 100,500 | 78,100 | 37,500 |
| Cash paid for income taxes, net of income tax refunds | 529,700 | 817,100 | 651,600 |
| [1] See Note 1 for a summary of adjustments. | |||
| [2] See Note 6 for a reconciliation of restricted cash and restricted cash equivalents in funds held for clients on the Consolidated Balance Sheets. | |||
| External Links | |
| AUTOMATIC DATA PROCESSING INC (ADP) Fiscal Year 2018 | |
| 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 |