ADP 1999 Annual Report Download - page 7

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5
(In thousands, except per share amounts and number of employees)
Years ended June 30, 1999 1998 %Increase
Total revenues $ 5,540,141 $ 4,925,956 12%
Net earnings* $ 714,172 $ 608,262 17%
Basic earnings per share* $ 1.16 $ 1.01 15%
Diluted earnings per share* $ 1.13 $ .98 15%
Cash dividends $ 181,133 $ 152,888 18%
Cash dividends per share $ .295 $ .25625 15%
Basic shares outstanding 615,630 600,803
Diluted shares outstanding 636,892 628,196
Return on equity 18.7% 20.0%
At year end:
Cash, cash equivalents and
marketable securities $ 2,169,040 $ 1,673,271
Working capital $ 907,864 $ 626,063
Total assets $ 5,824,820 $ 5,242,867
Long-term debt $ 145,765 $ 192,063
Shareholders’ equity $ 4,007,941 $ 3,439,447
Number of employees 37,000 34,000
All share and per share data have been adjusted to reflect a two-for-one stock split on January 1, 1999. The financial highlights shown above have also been restated
to reflect a March 1999 pooling of interests transaction. See Note 2 to the consolidated financial statements.
* Excludes non-recurring charges totaling approximately $17 million (after-tax) associated with certain acquisitions and dispositions. Including these non-recurring
charges, net earnings were $697 million and diluted earnings per share were $1.10. See Note 3 to the consolidated financial statements.
95 96 97 98 99
$.98
$.85
$.67
$.76
Diluted EPS
95 96 97 98 99
$5,540
$4,926
$4,193
$2,931
$1.13*
$3,613
Total Revenues
(in millions)
95 96 97 98 99
$854
$783
$680
$493
$674
Operating Cash Flow
(in millions)
Financial Highlights
Automatic Data Processing, Inc. and Subsidiaries