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: 2021 | |||
Statements Of Consolidated Cash Flows | |||
Period Ending June 30, 2021 10-K (Filed: Aug 4, 2021) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| June 30, 2021 | June 30, 2020 | June 30, 2019 | |
| Cash Flows from Operating Activities: | |||
| Net earnings | $ 2,598,500 | 2,466,500 | 2,292,800 |
| Adjustments to reconcile net earnings to cash flows provided by operating activities: | |||
| Depreciation and amortization | 510,700 | 480,000 | 409,000 |
| Amortization of deferred contract costs | 935,300 | 915,000 | 874,000 |
| Deferred income taxes | (251,100) | 26,000 | 9,300 |
| Stock-based compensation expense | 175,300 | 130,800 | 167,300 |
| Net pension (income)/expense | (52,800) | (11,600) | 55,400 |
| Net amortization of premiums and accretion of discounts on available-for-sale securities | 69,500 | 50,200 | 50,100 |
| Impairment of assets | 19,900 | 29,900 | 12,100 |
| Gain on sale of assets | (9,800) | (6,000) | (19,800) |
| Other | 35,200 | 65,400 | 43,900 |
| Changes in operating assets and liabilities: | |||
| Increase in accounts receivable | (339,800) | (113,800) | (473,900) |
| Increase in other assets | (1,029,400) | (910,400) | (987,200) |
| Increase/(Decrease) in accounts payable | 36,900 | (18,300) | (10,700) |
| Increase/(Decrease) in accrued expenses and other liabilities | 394,900 | (77,500) | 266,000 |
| Net cash flows provided by operating activities | 3,093,300 | 3,026,200 | 2,688,300 |
| Cash Flows from Investing Activities: | |||
| Purchases of corporate and client funds marketable securities | (9,266,300) | (3,905,100) | (4,422,600) |
| Proceeds from the sales and maturities of corporate and client funds marketable securities | 6,238,400 | 7,648,400 | 2,909,000 |
| Capital expenditures | (178,600) | (172,700) | (162,000) |
| Additions to intangibles | (327,300) | (443,700) | (404,500) |
| Acquisitions of businesses, net of cash acquired | 0 | 0 | (125,500) |
| Proceeds from the sale of property, plant, and equipment and other assets | 18,800 | 29,400 | 7,900 |
| Net cash flows (used in)/provided by investing activities | (3,515,000) | 3,156,300 | (2,197,700) |
| Cash Flows from Financing Activities: | |||
| Net increase /(decrease) in client funds obligations | 8,336,200 | (3,213,200) | 1,696,000 |
| Payments of debt | (1,001,800) | (2,200) | (2,100) |
| Proceeds from the issuance of debt | 1,981,500 | 0 | 0 |
| Settlement of cash flow hedges | (44,600) | 0 | 0 |
| Repurchases of common stock | (1,372,300) | (1,006,300) | (937,700) |
| Net proceeds from stock purchase plan and stock-based compensation plans | 104,100 | 50,000 | 72,900 |
| Dividends paid | (1,575,500) | (1,470,500) | (1,293,000) |
| Net proceeds/(payments) related to reverse repurchase agreements | 9,900 | (248,400) | 262,000 |
| Other | 0 | 0 | (5,800) |
| Net cash flows provided by/(used in) financing activities | 6,437,500 | (5,890,600) | (207,700) |
| Effect of exchange rate changes on cash, cash equivalents, restricted cash, and restricted cash equivalents | 73,800 | (34,500) | (28,800) |
| Net change in cash, cash equivalents, restricted cash, and restricted cash equivalents | 6,089,600 | 257,400 | 254,100 |
| Cash, cash equivalents, restricted cash, and restricted cash equivalents, beginning of year | 7,053,600 | 6,796,200 | |
| Cash, cash equivalents, restricted cash, and restricted cash equivalents, end of year | 13,143,200 | 7,053,600 | 6,796,200 |
| Reconciliation of cash, cash equivalents, restricted cash, and restricted cash equivalents to the Consolidated Balance Sheets | |||
| Cash and cash equivalents | 2,575,200 | 1,908,500 | 1,949,200 |
| Restricted cash and restricted cash equivalents included in funds held for clients | 10,568,000 | 5,145,100 | 4,847,000 |
| Total cash, cash equivalents, restricted cash, and restricted cash equivalents | 13,143,200 | 7,053,600 | 6,796,200 |
| Supplemental disclosures of cash flow information: | |||
| Cash paid for interest | 53,100 | 104,800 | 127,500 |
| Cash paid for income taxes, net of income tax refunds | 973,700 | 677,100 | 633,800 |
| External Links | |
| AUTOMATIC DATA PROCESSING INC (ADP) Fiscal Year 2021 | |
| 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 |