ADP 2002 Annual Report Download - page 24

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22
Selected Financial Data Automatic Data Processing, Inc. and Subsidiaries
(In thousands, except per share amounts)
Years ended June 30 , 20 02 20 01 20 00 19 99 19 98
Total revenues $ 7,00 4,26 3 $ 6,853,652 $ 6,168,432 $ 5,455,707 $ 4,843,496
Earnings before income taxes $ 1,78 6,97 0 $ 1,525,010 $ 1,289,600 $ 1,084,500 $ 890,717
Net earnings $ 1,10 0,77 0 $ 924,720 $ 840,800 $ 696,840 $ 608,262
Pro forma net earnings* $ 971,680 $ 881,890 $ 739,260 $ 648,030
Basic earnings per share $ 1.78 $ 1.47 $ 1.34 $ 1.13 $ 1.01
Diluted earnings per share $ 1.75 $ 1.44 $ 1.31 $ 1.10 $ .98
Pro forma basic earnings per share* $ 1.54 $ 1.41 $ 1.20 $ 1.08
Pro forma diluted earnings per share* $ 1.51 $ 1.37 $ 1.17 $ 1.04
Basic shares outstanding 61 8,85 7 629,035 626,766 615,630 600,803
Diluted shares outstanding 63 0,57 9 645,989 646,098 636,892 628,196
Cash dividends per share $ .4 475 $ .3950 $ .3388 $ .2950 $ .2563
Return on equity 22 .4% 19.9% 19.7% 18.7% 20.0%
At year end:
Cash, cash equivalents and marketable securities $ 2,74 9,58 3 $ 2,596,964 $ 2,452,549 $ 2,169,040 $ 1,673,271
Working capital $ 1,40 6,15 5 $ 1,747,187 $ 1,767,784 $ 907,864 $ 626,063
Total assets before funds held for clients $ 7,05 1,25 1 $ 6,549,980 $ 6,429,927 $ 5,824,820 $ 5,242,867
Total assets $1 8,27 6,5 22 $17,889,090 $16,850,816 $12,839,553 $11,787,685
Long-term debt $ 90 ,648 $ 110,227 $ 132,017 $ 145,765 $ 192,063
Shareholders’ equity $ 5,11 4,20 5 $ 4,700,997 $ 4,582,818 $ 4,007,941 $ 3,439,447
2001 data includes a $90 million ($54 million after-tax) non-cash, non-recurring write-off of the Company’s investment in Bridge Information Systems, Inc.
1999 data includes non-recurring charges totaling approximately $17 million (after-tax), associated with certain acquisitions and dispositions.
* Pro forma net earnings and earnings per share reflect the impact relating to the July 1, 2001 adoption of Statement of Financial Accounting Standard No. 142, which
eliminated goodwill amortization.