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: 2010 | |||
Statements of Consolidated Earnings | |||
Period Ending June 30, 2010 10-K (Filed: Aug 25, 2010) | |||
| (In Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| June 30, 2010 | June 30, 2009 | June 30, 2008 | |
| REVENUES: | |||
| Revenues, other than interest on funds held for clients and PEO revenues | $ 7,077,700 | 7,051,700 | 6,996,100 |
| Interest on funds held for clients | 542,800 | 609,800 | 684,500 |
| PEO Revenues | 1,307,200 | 1,176,900 | 1,053,100 [1] |
| TOTAL REVENUES | 8,927,700 | 8,838,400 | 8,733,700 |
| EXPENSES: | |||
| Operating expenses | 4,277,200 | 4,087,000 | 3,898,400 |
| Systems development and programming costs | 513,900 | 498,300 | 521,100 |
| Depreciation and amortization | 238,600 | 237,400 | 237,700 |
| TOTAL COSTS OF REVENUES | 5,029,700 | 4,822,700 | 4,657,200 |
| Selling, general and administrative expenses | 2,127,400 | 2,190,300 | 2,359,100 |
| Interest expense | 8,600 | 33,300 | 80,500 |
| TOTAL EXPENSES | 7,165,700 | 7,046,300 | 7,096,800 |
| Other income, net | (101,200) | (108,000) | (166,500) |
| EARNINGS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES | 1,863,200 | 1,900,100 | 1,803,400 |
| Provision for income taxes | 655,900 | 575,000 | 647,700 |
| NET EARNINGS FROM CONTINUING OPERATIONS | 1,207,300 | 1,325,100 | 1,155,700 |
| Earnings from discontinued operations, net of provision for income taxes of $7.0, $0.7 and $25.8 for the fiscal years ended June 30, 2010, 2009 and 2008, respectively | 4,100 | 7,500 | 80,000 |
| NET EARNINGS | 1,211,400 | 1,332,600 | 1,235,700 |
| Basic earnings per share from continuing operations | 2.41 | 2.63 | 2.22 |
| Basic earnings per share from discontinued operations | 0.01 | 0.01 | 0.15 |
| BASIC EARNINGS PER SHARE | 2.42 | 2.65 | 2.37 |
| Diluted earnings per share from continuing operations | 2.40 | 2.62 | 2.19 |
| Diluted earnings per share from discontinued operations | 0.01 | 0.01 | 0.15 |
| DILUTED EARNINGS PER SHARE | 2.40 | 2.63 | 2.34 |
| Basic weighted average shares outstanding | 500,500 | 503,200 | 521,500 |
| Diluted weighted average shares outstanding | 503,700 | 505,800 | 527,200 |
| [1] Professional Employer Organization ("PEO") revenues are net of direct pass-through costs, primarily consisting of payroll wages and payroll taxes, of $13,318.7, $12,310.4 and $11,247.4, respectively. | |||
| External Links | |
| AUTOMATIC DATA PROCESSING INC (ADP) Fiscal Year 2010 | |
| 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 |