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: 2020 | |||
Statements Of Consolidated Cash Flows | |||
Period Ending June 30, 2020 10-K (Filed: Aug 5, 2020) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| June 30, 2020 | June 30, 2019 | June 30, 2018 | |
| Cash Flows from Operating Activities: | |||
| NET EARNINGS | $ 2,466,500 | 2,292,800 | 1,884,900 |
| Adjustments to reconcile net earnings to cash flows provided by operating activities: | |||
| Depreciation and amortization | 480,000 | 409,000 | 377,600 |
| Capitalized Contract Cost, Amortization | 915,000 | 874,000 | 837,400 |
| Deferred income taxes | 26,000 | 9,300 | (152,000) |
| Stock-based compensation expense | 130,800 | 167,300 | 175,400 |
| Net pension (income)/expense | (11,600) | 55,400 | 330,400 |
| Net amortization of premiums and accretion of discounts on available-for-sale securities | 50,200 | 50,100 | 71,500 |
| Asset Impairment Charges | 29,900 | 12,100 | 0 |
| Gain on sale of assets | (6,000) | (19,800) | (700) |
| Other | 65,400 | 43,900 | 32,200 |
| Changes in operating assets and liabilities, net of effects from acquisitions and divestitures of businesses: | |||
| Increase in accounts receivable | (113,800) | (473,900) | (291,800) |
| Increase in other assets | (910,400) | (987,200) | (858,300) |
| Decrease in accounts payable | (18,300) | (10,700) | (1,900) |
| (Decrease)/Increase in accrued expenses and other liabilities | (77,500) | 266,000 | 110,500 |
| Net cash flows provided by operating activities | 3,026,200 | 2,688,300 | 2,515,200 |
| Cash Flows from Investing Activities: | |||
| Purchases of corporate and client funds marketable securities | (3,905,100) | (4,422,600) | (4,876,800) |
| Proceeds from the sales and maturities of corporate and client funds marketable securities | 7,648,400 | 2,909,000 | 3,455,000 |
| Capital expenditures | (172,700) | (162,000) | (206,100) |
| Additions to intangibles | (443,700) | (404,500) | (264,700) |
| Acquisitions of businesses, net of cash acquired | 0 | (125,500) | (612,400) |
| Proceeds from the sale of property, plant, and equipment and other assets | 29,400 | 7,900 | 400 |
| Net cash flows provided by/(used in) investing activities | 3,156,300 | (2,197,700) | (2,504,600) |
| Cash Flows from Financing Activities: | |||
| Net (decrease)/increase in client funds obligations | (3,213,200) | 1,696,000 | 340,400 |
| Payments of debt | (2,200) | (2,100) | (7,300) |
| Repurchases of common stock | (1,006,300) | (937,700) | (989,300) |
| Net proceeds from stock purchase plan and stock-based compensation plans | 50,000 | 72,900 | 69,300 |
| Dividends paid | (1,470,500) | (1,293,000) | (1,063,700) |
| Other | 0 | (5,800) | (5,300) |
| Net cash flows used in financing activities | (5,890,600) | (207,700) | (1,655,900) |
| Effect of exchange rate changes on cash, cash equivalents, restricted cash, and restricted cash equivalents | (34,500) | (28,800) | 5,800 |
| Net change in cash, cash equivalents, restricted cash, and restricted cash equivalents | 257,400 | 254,100 | (1,639,500) |
| Cash, cash equivalents, restricted cash, and restricted cash equivalents, beginning of year | 6,796,200 | 6,542,100 | |
| Cash, cash equivalents, restricted cash, and restricted cash equivalents, end of year | 7,053,600 | 6,796,200 | 6,542,100 |
| Cash and cash equivalents | 1,908,500 | 1,949,200 | 2,170,000 |
| Restricted cash and restricted cash equivalents included in funds held for clients (A) | 5,145,100 | 4,847,000 | 4,372,100 [1] |
| Total cash, cash equivalents, restricted cash, and restricted cash equivalents | 7,053,600 | 6,796,200 | 6,542,100 |
| Net proceeds from reverse repurchase agreements | (248,400) | 262,000 | 0 |
| Cash paid for income taxes, net of income tax refunds | 677,100 | 633,800 | 529,700 |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | 104,800 | 127,500 | 100,500 |
| [1] See Note 4 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 2020 | |
| 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 |