ADP 1999 Annual Report Download - page 37

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27
Revenues and assets by geographic area are as follows:
(In millions) United
Year ended June 30,1999 States Europe Canada Other Total
Revenues $4,564 $ 704 $ 212 $ 60 $5,540
Assets $4,356 $1,216 $ 170 $ 83 $5,825
Year ended June 30, 1998
Revenues $4,172 $ 493 $ 194 $ 67 $4,926
Assets $3,741 $1,248 $ 178 $ 76 $5,243
Year ended June 30, 1997
Revenues $3,549 $ 512 $ 127 $ 5 $4,193
Assets $3,030 $1,315 $ 84 $ 10 $4,439
Note 12. Quarterly Financial Results
(Unaudited)
Summarized quarterly results of operations for the two years ended
June 30, 1999 are as follows:
(In thousands, except per share amounts)
First Second Third Fourth
Year ended June 30,1999 (a) Quarter Quarter Quarter Quarter
Revenues $1,245,126 $1,310,196 $1,514,132 $1,470,687
Net earnings $ 125,424 $ 153,977 $ 225,650 $
191,789
Basic earnings per share $ .20 $ .25 $ .37 $ .31
Diluted earnings per share $ .20 $ .24 $ .36 $ .30
Year ended June 30, 1998
Revenues $1,065,634 $1,182,762 $1,341,250 $1,336,310
Net earnings $ 106,234 $ 146,167 $ 192,013 $
163,848
Basic earnings per share $ .18 $ .25 $ .32 $ .27
Diluted earnings per share $ .17 $ .24 $ .31 $ .26
(a) After impact of non-recurring items. See note 3 to the consolidated
financial statements.
Third quarter revenue and earnings have historically been positively
impacted by calendar year-end processing associated with many of the
Company’s services.
Notes to Consolidated Financial Statements (continued)
Automatic Data Processing, Inc. and Subsidiaries