Automatic data processing, inc. (ADP)
CashFlow / Yearly
Jun'19Jun'18Jun'17Jun'16Jun'15Jun'14Jun'13Jun'12Jun'11Jun'10Jun'09Jun'08
Cash Flows from Operating Activities:
Net earnings

2,292

1,884

1,787

1,492

1,452

1,515

1,405

1,388

1,254

1,211

1,332

1,235

Adjustments to reconcile net earnings to cash flows provided by operating activities:
Depreciation and amortization

409

377

316

288

277

266

251

319

314

309

307

318

Amortization of deferred contract costs

874

837

787

-

-

-

-

-

-

-

-

-

Deferred income taxes

9

-152

41

0

-15

-37

33

36

105

96

-47

-92

Stock-based compensation expense

167

175

138

137

143

117

82

94

90

67

96

123

Excess tax benefit related to exercise of stock options and restricted stock

-

-

-

-

-

49

16

-

-

0

1

0

Net pension expense

55

330

24

17

17

24

37

36

40

34

33

40

Net realized loss / (gain) from the sales of marketable securities

-

-

-

-

-

16

28

24

34

1

-12

-1

Net amortization of premiums and accretion of discounts on available-for-sale securities

-50

-71

-85

-94

-100

-94

-79

60

53

57

58

42

Impairment of intangible assets

12

0

0

-

-

-

-

-

-

-

-

-

Impairment Losses on Available-for-sale Securities

-

-

-

-

-

-

-

5

0

14

-

-

Impairment losses on assets held for sale

-

-

-

-

-

-

-

2

11

-

-

-

Goodwill impairment

-

-

-

-

-

-

42

0

0

-

-

-

Gain on sale of assets

-

-

-

-

-

-

-

66

0

-

-

-

Gain on sale of assets

19

0

0

13

0

0

2

0

1

-

-

-

Gain on sale of divested businesses, net of tax

0

0

121

21

78

10

36

0

0

0

4

74

(Gain) loss on sales of buildings

-

-

-

-

-

-

-

-

-

-2

-2

-16

Other

43

32

37

30

1

17

11

14

33

8

35

100

Changes in operating assets and liabilities, net of effects from acquisitions:
Increase in accounts receivable

473

291

-23

224

175

170

183

41

137

108

152

36

Increase in other assets

987

858

1,139

108

109

246

273

71

82

-30

85

-40

(Decrease) / increase in accounts payable

-10

-1

-11

-15

13

9

-10

10

-24

34

-9

9

(Decrease) / increase in accrued expenses and other liabilities

266

110

155

220

122

263

115

134

77

-73

-12

88

Proceeds from the sale of notes receivable

-

-

-

-

226

0

0

-

-

-

-

-

Operating activities of discontinued operations

-

-

-

-

-3

44

69

11

4

-

2

-0

Net cash flows provided by operating activities

2,688

2,515

2,125

1,897

1,974

1,821

1,577

1,910

1,705

1,682

1,562

1,772

Cash Flows from Investing Activities:
Purchases of corporate and client funds marketable securities

4,422

4,876

4,382

5,876

5,047

3,414

4,902

5,113

4,770

3,846

2,736

6,407

Proceeds from the sales and maturities of corporate and client funds marketable securities

2,909

3,455

3,593

5,215

3,841

2,059

3,638

3,962

3,305

3,406

3,320

5,140

Net decrease/(increase) in restricted cash and cash equivalents held to satisfy client funds obligations

-

-

-

0

-2,960

2,537

-161

4,855

-4,837

-1,639

-731

4,119

Capital expenditures

162

206

240

168

158

159

130

140

181

102

157

180

Additions to intangibles

404

264

230

217

176

143

104

109

95

123

96

96

Acquisitions of businesses, net of cash acquired

125

612

87

0

8

0

42

265

776

100

67

97

Reclassification from cash and cash equivalents to short-term marketable securities

-

-

-

-

-

-

-

-

-

-

-211

-

Proceeds from the sale of property, plant, and equipment and other assets

7

0

0

15

23

0

10

71

13

3

25

-

Dividend received from CDK Global, Inc.

-

-

-

-

825

0

0

-

-

-

-

-

Cash retained by CDK Global, Inc.

-

-

-

-

180

0

0

-

-

-

-

-

Other

-

-

-

-

-

-

-0

16

-2

-1

-10

-23

Proceeds from the sale of divested businesses

0

0

234

162

98

24

161

0

0

-

-

-

Investing activities of discontinued operations

-

-

-

-

-16

-90

-48

0

0

-

-

-0

Proceeds from the sale of businesses included in discontinued operations

-

-

-

-

-

-

-

-

-

21

-0

112

Net cash flows provided by / (used in) investing activities

-2,197

-2,504

-1,113

-869

-3,760

813

-1,578

3,243

-7,340

-2,379

-644

2,613

Cash Flows from Financing Activities:
Net increase in client funds obligations

1,696

340

-6,120

8,803

6,074

-2,989

1,138

-3,726

6,290

2,020

885

-3,480

Proceeds from debt issuance

-

-

-

1,998

0

0

-

-

-

-

12

21

Payments of debt

2

7

2

1

2

3

17

2

5

2

21

10

Net purchases of reverse repurchase agreements

-

-

-

-

-

-

-

-

-

-

-11

11

Net repayment of commercial paper borrowing

-

-

-

-

-

-

-

-

-

730

-730

-

Repurchases of common stock

937

989

1,259

1,155

1,557

667

647

741

732

766

580

1,504

Net proceeds from stock purchase plan and stock-based compensation plans

72

69

95

75

109

194

205

250

478

241

82

239

Excess tax benefit related to exercise of stock options and restricted stock

-

-

-

-

-

49

16

-

-

0

1

0

Dividends paid

1,293

1,063

995

943

927

883

805

739

692

673

629

548

Net payments of reverse repurchase agreements

262

0

0

-

-

-245

245

0

0

-

-

-

Net proceeds from commercial paper borrowings

-

-

-

-

-2,173

2,173

0

0

-

-

-

-

Other

-5

-5

0

-23

23

-1

0

5

1

-

-

-

Financing activities of discontinued operations

-

-

-

-

1

14

15

-

-

-

-

-

Net Cash Provided by (Used in) Financing Activities, Total

-207

-1,655

-8,281

8,752

1,548

-2,358

151

-4,953

5,339

89

468

-5,270

Effect of exchange rate changes on cash, cash equivalents, restricted cash, and restricted cash equivalents

-28

5

-8

-8

-106

8

1

-41

41

-13

-39

41

Net change in cash, cash equivalents, restricted cash, and restricted cash equivalents

254

-1,639

-7,277

9,772

-344

284

151

158

-253

-622

1,347

-843

Supplemental disclosures of cash flow information:
Cash paid for interest

127

100

78

37

5

5

-

-

-

-

-

-

Cash paid for income taxes, net of income tax refunds

633

529

817

651

773

821

-

-

-

-

-

-