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: 2017 | |||
Statements Of Consolidated Earnings | |||
Period Ending June 30, 2017 10-K (Filed: Aug 4, 2017) | |||
| (In Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| June 30, 2017 | June 30, 2016 | June 30, 2015 | |
| REVENUES: | |||
| Revenues, other than interest on funds held for clients and PEO revenues | $ 8,518,100 | 8,234,000 | 7,928,300 |
| Interest on funds held for clients | 397,400 | 377,300 | 377,700 |
| PEO revenues | 3,464,300 | 3,056,500 | 2,632,500 [1] |
| TOTAL REVENUES | 12,379,800 | 11,667,800 | 10,938,500 |
| EXPENSES: | |||
| Operating expenses | 6,416,100 | 6,025,000 | 5,625,300 |
| Systems development and programming costs | 627,500 | 603,700 | 595,400 |
| Depreciation and amortization | 226,200 | 211,600 | 206,900 |
| TOTAL COSTS OF REVENUES | 7,269,800 | 6,840,300 | 6,427,600 |
| Selling, general and administrative expenses | 2,783,200 | 2,637,000 | 2,496,900 |
| Interest expense | 80,000 | 56,200 | 6,500 |
| TOTAL EXPENSES | 10,133,000 | 9,533,500 | 8,931,000 |
| Other income, net | (284,300) | (100,400) | (63,200) |
| EARNINGS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES | 2,531,100 | 2,234,700 | 2,070,700 |
| Income Tax Expense (Benefit) | 797,700 | 741,300 | 694,200 |
| NET EARNINGS FROM CONTINUING OPERATIONS | 1,733,400 | 1,493,400 | 1,376,500 |
| EARNINGS FROM DISCONTINUED OPERATIONS BEFORE INCOME TAXES | 0 | (1,400) | 171,500 |
| Provision for income taxes | 0 | (500) | 95,500 |
| NET EARNINGS FROM DISCONTINUED OPERATIONS | 0 | (900) | 76,000 |
| NET EARNINGS | 1,733,400 | 1,492,500 | 1,452,500 |
| Basic earnings per share from continuing operations (in dollars per share) | 3.87 | 3.27 | 2.91 |
| Basic earnings per share from discontinued operations | 0.00 | 0.00 | 0.16 |
| BASIC EARNINGS PER SHARE | 3.87 | 3.27 | 3.07 |
| Diluted earnings per share from continuing operations (in dollars per share) | 3.85 | 3.25 | 2.89 |
| Diluted earnings per share from discontinued operations | 0.00 | 0.00 | 0.16 |
| DILUTED EARNINGS PER SHARE | 3.85 | 3.25 | 3.05 |
| Basic weighted average shares outstanding | 447,800 | 457,000 | 472,600 |
| Diluted weighted average shares outstanding | 450,300 | 459,100 | 475,800 |
| [1] For the years ended June 30, 2017 ("fiscal 2017"), June 30, 2016 ("fiscal 2016"), and June 30, 2015 ("fiscal 2015"), Professional Employer Organization ("PEO") revenues are net of direct pass-through costs, primarily consisting of payroll wages and payroll taxes, of $34,567.4 million, $30,928.6 million, and $26,674.1 million, respectively. | |||
| External Links | |
| AUTOMATIC DATA PROCESSING INC (ADP) Fiscal Year 2017 | |
| 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 |