AUTOMATIC DATA PROCESSING, INC. ADP Income Statement

Automatic data processing, inc. (ADP)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Dec'08	Sep'08
REVENUES:
Revenues, other than interest on funds held for clients and PEO revenues
9,647	9,542	9,463	9,375	9,304	9,252	9,123	8,983	8,829	8,664	8,551	8,510	8,481	8,435	8,342	8,234	8,122	8,016	7,972	7,928	7,873	7,772	7,708	7,595	6,085	6,443	6,750	7,060	8,742	8,574	8,432	8,341	8,230	8,107	7,986	7,759	7,550	7,326	7,167	7,077	0	0	0	0	0
Interest on funds held for clients
577	585	577	561	540	508	485	466	445	422	407	397	390	381	378	377	375	373	375	377	377	376	374	373	378	390	402	420	440	462	478	493	508	524	535	540	1,350	1,054	797	542	0	0	0	0	0
PEO revenues (A)
4,532	4,409	4,319	4,237	4,102	4,054	3,952	3,877	3,792	3,696	3,573	3,464	3,341	3,234	3,149	3,056	2,966	2,849	2,738	2,632	2,538	2,441	2,347	2,257	2,164	2,078	2,013	1,960	1,914	1,862	1,811	1,760	1,713	1,648	1,592	1,533	1,468	1,399	1,352	1,307	0	0	0	0	0
TOTAL REVENUES
14,757	14,537	14,360	14,175	13,947	13,814	13,560	13,327	13,068	12,783	12,532	12,372	12,213	12,051	11,870	11,667	11,464	11,239	11,086	10,938	10,789	10,590	10,430	10,226	8,628	8,912	9,166	9,442	11,097	10,899	10,722	10,595	10,453	10,279	10,114	9,833	9,562	9,268	9,061	8,927	0	0	0	0	0
Costs of revenues:
Operating expenses
7,419	7,300	7,236	7,145	7,040	7,030	6,967	6,901	6,777	6,634	6,485	6,386	6,287	6,197	6,116	6,025	5,928	5,799	5,703	5,625	5,573	5,486	5,392	5,290	4,544	4,663	4,775	4,883	5,635	5,530	5,433	5,355	5,302	5,192	5,061	4,888	4,677	4,517	4,390	4,277	0	0	0	0	0
Systems development and programming costs
671	659	646	636	628	631	635	635	652	642	635	632	611	605	602	603	605	607	605	595	583	573	564	551	426	451	472	496	634	613	601	592	576	588	583	570	570	544	523	513	0	0	0	0	0
Depreciation and amortization
354	338	320	304	293	286	284	274	260	246	231	226	222	219	218	211	209	207	206	206	205	203	201	199	154	167	180	193	255	256	255	256	249	249	252	249	247	243	238	238	0	0	0	0	0
TOTAL COSTS OF REVENUES
8,444	8,297	8,203	8,086	7,962	7,949	7,887	7,810	7,690	7,522	7,352	7,244	7,121	7,022	6,937	6,840	6,743	6,615	6,515	6,427	6,361	6,263	6,158	6,041	5,125	5,282	5,428	5,574	6,525	6,400	6,290	6,203	6,127	6,030	5,896	5,708	5,495	5,305	5,152	5,029	0	0	0	0	0
Selling, general, and administrative expenses
3,092	3,085	3,076	3,064	3,019	3,019	2,997	2,959	2,969	2,884	2,801	2,773	2,723	2,693	2,679	2,637	2,592	2,564	2,526	2,496	2,440	2,418	2,408	2,370	2,012	2,080	2,126	2,200	2,560	2,527	2,477	2,452	2,433	2,390	2,385	2,314	2,275	2,202	2,151	2,127	0	0	0	0	0
Interest expense
125	126	133	129	124	121	110	102	96	95	88	80	75	74	71	56	39	24	9	6	6	6	6	6	6	6	7	9	9	9	8	7	7	7	8	8	8	8	8	8	0	0	0	0	0
TOTAL EXPENSES
11,661	11,510	11,414	11,280	11,107	11,090	10,995	10,873	10,757	10,501	10,242	10,098	9,920	9,790	9,688	9,533	9,375	9,204	9,051	8,931	8,808	8,687	8,573	8,417	7,187	7,413	7,605	7,826	9,096	8,937	8,776	8,664	8,568	8,428	8,290	8,031	7,778	7,516	7,311	7,165	0	0	0	0	0
Other income, net
188	165	151	111	-212	-206	-200	-172	190	173	362	343	276	276	75	100	100	98	90	63	60	60	68	70	77	82	87	94	104	102	165	170	173	177	113	116	95	107	104	101	0	0	0	0	0
EARNINGS BEFORE INCOME TAXES
3,284	3,192	3,097	3,005	2,627	2,518	2,364	2,282	2,501	2,454	2,653	2,616	2,569	2,536	2,258	2,234	2,189	2,134	2,125	2,070	2,041	1,962	1,926	1,879	1,518	1,581	1,648	1,710	2,105	2,064	2,111	2,101	2,058	2,028	1,937	1,918	1,879	1,859	1,854	1,863	0	0	0	0	0
Provision for income taxes
754	729	728	712	669	652	386	397	437	463	821	829	820	842	733	741	720	708	707	694	692	670	651	636	520	534	563	587	717	707	734	726	702	699	670	673	659	661	651	655	0	0	0	0	0
NET EARNINGS FROM CONTINUING OPERATIONS
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,493	1,468	1,426	1,417	1,376	1,349	1,292	1,274	1,242	998	1,046	1,084	1,122	1,387	1,356	1,377	1,375	0	0	0	-	-	-	-	1,207	0	0	0	0	0
LOSSES FROM DISCONTINUED OPERATIONS BEFORE INCOME TAXES
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1	102	102	102	171	164	289	388	414	691	567	530	441	71	73	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-
Provision for income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0	24	25	25	95	109	145	180	141	235	198	185	157	26	27	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-
NET LOSS FROM DISCONTINUED OPERATIONS
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0	78	77	76	76	55	144	208	273	455	368	344	283	49	50	13	13	0	0	0	-	-	-	-	4	0	0	0	0	0
NET EARNINGS
2,530	2,463	2,369	2,292	1,958	1,865	1,977	1,884	2,064	1,991	1,831	1,787	1,749	1,694	1,524	1,492	1,546	1,503	1,493	1,452	1,405	1,437	1,482	1,515	1,454	1,415	1,429	1,405	1,437	1,407	1,391	1,388	1,371	1,343	1,278	1,254	1,220	1,200	1,205	1,211	0	0	0	0	0
Basic earnings per share (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.62	1.17	0.75	0.73	0.55	1.04	0.70	0.62	0.48	0.90	0.66	0.55	-0.04	1.00	0.73	0.63	0.51	0.92	0.77	0.62	-	-	-	-	0.42	0.80	0.63	0.56	0.60	0.55
Basic earnings per share from discontinued operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.00	0.00	0.00	0.16	0.00	0.00	0.00	0.13	0.18	0.13	0.13	0.50	0.00	0.08	0.01	0.03	0.00	0.00	0.00	-	-	-	-	0.00	0.01	0.00	0.00	0.00	0.00
Basic earnings per share (in US$ per share)
1.91	1.51	1.35	1.09	1.74	1.28	1.16	0.33	1.50	1.52	0.93	0.71	1.32	1.14	0.82	0.62	1.17	0.75	0.73	0.71	1.04	0.70	0.62	0.61	1.09	0.79	0.68	0.47	1.00	0.81	0.63	0.53	0.93	0.77	0.62	0.49	0.85	0.63	0.57	0.42	0.80	0.63	0.57	0.60	0.55
Diluted earnings per share (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.62	1.17	0.74	0.72	0.55	1.03	0.69	0.62	0.47	0.90	0.65	0.55	-0.03	0.99	0.72	0.62	0.51	0.91	0.76	0.61	-	-	-	-	0.43	0.79	0.62	0.56	0.59	0.54
Diluted earnings per share from discontinued operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.00	0.00	0.00	0.16	0.00	0.00	0.00	0.13	0.18	0.13	0.13	0.49	0.00	0.08	0.01	0.03	0.00	0.00	0.00	-	-	-	-	0.00	0.01	0.00	0.00	0.00	0.00
Diluted earnings per share (in US$ per share)
1.90	1.50	1.34	1.09	1.73	1.27	1.15	0.32	1.49	1.51	0.93	0.72	1.31	1.13	0.81	0.62	1.17	0.74	0.72	0.72	1.03	0.69	0.61	0.60	1.08	0.78	0.68	0.47	0.99	0.80	0.63	0.53	0.92	0.76	0.61	0.49	0.85	0.62	0.56	0.42	0.80	0.62	0.56	0.59	0.54
Basic weighted average shares outstanding (shares)
430	431	432	433	434	435	436	437	441	441	442	444	446	447	452	453	454	457	462	465	470	476	478	478	478	478	480	482	482	482	483	486	488	486	487	494	496	492	491	496	502	502	501	503	507
Diluted weighted average shares outstanding (shares)
431	433	435	435	436	438	439	441	443	443	445	446	449	450	455	453	456	460	465	467	474	480	481	482	483	482	484	486	486	486	488	489	493	492	493	500	501	496	494	499	505	506	503	506	513
Direct pass-through costs PEO revenues
-	0	0	-	-	0	0	-	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends declared per common share (in US$ per share)
-	-	-	-	-	-	-	-	-	-	0.57	-	0.57	0.57	0.53	-	0.53	0.53	0.49	-	0.49	0.49	0.48	-	0.48	0.48	0.43	-	0.43	0.43	0.39	-	0.39	0.39	0.36	-	0.36	0.36	-	-	0.34	0.34	0.33	0.33	0.29