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: 2019 | |||
Statements Of Consolidated Cash Flows | |||
Period Ending June 30, 2019 10-K (Filed: Aug 9, 2019) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| June 30, 2019 | June 30, 2018 | June 30, 2017 | |
| Cash Flows from Operating Activities: | |||
| NET EARNINGS | $ 2,292,800 | 1,884,900 | 1,787,800 |
| Adjustments to reconcile net earnings to cash flows provided by operating activities: | |||
| Depreciation and amortization | 409,000 | 377,600 | 316,100 |
| Capitalized Contract Cost, Amortization | 874,000 | 837,400 | 787,900 |
| Deferred income taxes | 9,300 | (152,000) | 41,300 |
| Stock-based compensation expense | 167,300 | 175,400 | 138,900 |
| Net pension expense | 55,400 | 330,400 | 24,200 |
| Net amortization of premiums and accretion of discounts on available-for-sale securities | 50,100 | 71,500 | 85,900 |
| Impairment of Intangible Assets, Finite-lived | 12,100 | 0 | 0 |
| Gain on sale of assets | (19,800) | (700) | 0 |
| Gain on sale of divested businesses, net of tax | 0 | 0 | (121,400) |
| Other | 43,900 | 32,200 | 37,100 |
| Changes in operating assets and liabilities, net of effects from acquisitions and divestitures of businesses: | |||
| (Increase)/decrease in accounts receivable | (473,900) | (291,800) | 23,400 |
| Increase in other assets | (987,200) | (858,300) | (1,139,400) |
| Decrease in accounts payable | (10,700) | (1,900) | (11,600) |
| Increase in accrued expenses and other liabilities | 266,000 | 110,500 | 155,700 |
| Net cash flows provided by operating activities | 2,688,300 | 2,515,200 | 2,125,900 |
| Cash Flows from Investing Activities: | |||
| Purchases of corporate and client funds marketable securities | (4,422,600) | (4,876,800) | (4,382,800) |
| Proceeds from the sales and maturities of corporate and client funds marketable securities | 2,909,000 | 3,455,000 | 3,593,600 |
| Capital expenditures | (162,000) | (206,100) | (240,200) |
| Additions to intangibles | (404,500) | (264,700) | (230,400) |
| Acquisitions of businesses, net of cash acquired | (125,500) | (612,400) | (87,400) |
| Proceeds from the sale of property, plant, and equipment and other assets | 7,900 | 400 | 0 |
| Proceeds from the sale of divested businesses | 0 | 0 | 234,000 |
| Net cash flows used in investing activities | (2,197,700) | (2,504,600) | (1,113,200) |
| Cash Flows from Financing Activities: | |||
| Net increase/(decrease) in client funds obligations | 1,696,000 | 340,400 | (6,120,600) |
| Payments of debt | (2,100) | (7,300) | (2,000) |
| Repurchases of common stock | (937,700) | (989,300) | (1,259,600) |
| Net proceeds from stock purchase plan and stock-based compensation plans | 72,900 | 69,300 | 95,700 |
| Dividends paid | (1,293,000) | (1,063,700) | (995,200) |
| Other | (5,800) | (5,300) | 0 |
| Net cash flows used in financing activities | (207,700) | (1,655,900) | (8,281,700) |
| Effect of exchange rate changes on cash, cash equivalents, restricted cash, and restricted cash equivalents | (28,800) | 5,800 | (8,000) |
| Net change in cash, cash equivalents, restricted cash, and restricted cash equivalents | 254,100 | (1,639,500) | (7,277,000) |
| Cash, cash equivalents, restricted cash, and restricted cash equivalents, beginning of year | 6,542,100 | 8,181,600 | |
| Cash, cash equivalents, restricted cash, and restricted cash equivalents, end of year | 6,796,200 | 6,542,100 | 8,181,600 |
| Cash and cash equivalents | 1,949,200 | 2,170,000 | 2,780,400 |
| Restricted cash and restricted cash equivalents included in funds held for clients (A) | 4,847,000 | 4,372,100 [1] | 5,401,200 |
| Total cash, cash equivalents, restricted cash, and restricted cash equivalents | 6,796,200 | 6,542,100 | 8,181,600 |
| Net proceeds from reverse repurchase agreements | 262,000 | 0 | 0 |
| Cash paid for interest | 127,500 | 100,500 | 78,100 |
| Cash paid for income taxes, net of income tax refunds | 633,800 | 529,700 | 817,100 |
| [1] See Note 7 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 2019 | |
| 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 |