ADP 2005 Annual Report Download - page 47

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45
AUTOMATIC DATA PROCESSING, INC. AND SUBSIDIARIES
Securities Reconciling Items
Clearing and Client Cost of
Employer Brokerage Dealer Outsourcing Foreign Fund Capital
Services Services Services Services Other Exchange Interest Charge Total
Year ended June 30, 2005
Revenues $ 5,199.9 $1,749.8 $979.8 $ 61.5 $ 481.8 $152.7 $(126.4) — $ 8,499.1
Earnings before income taxes $ 1,143.8 $ 294.3 $142.8 $ (23.6) $ 73.1 $ 29.4 $(126.4) $ 144.5 $ 1,677.9
Assets $19,483.3 $ 668.2 $486.3 $1,248.3 $5,729.3 — — — $27,615.4
Capital expenditures $ 104.8 $ 34.0 $ 34.7 $ — $ 29.3 — — — $ 202.8
Depreciation and amortization $ 251.0 $ 76.3 $ 57.9 $ 9.5 $ 54.2 — — $(144.5) $ 304.4
Year ended June 30, 2004
Revenues $ 4,812.9 $1,666.0 $ 889.8 — $ 477.5 $ 49.2 $ (140.5) — $ 7,754.9
Earnings before income taxes $ 994.1 $ 244.6 $143.4 — $ 111.4 $ 7.2 $ (140.5) $ 134.3 $ 1,494.5
Assets $ 14,406.8 $ 610.7 $434.0 — $ 5,669.1 — — — $ 21,120.6
Capital expenditures $ 95.7 $ 36.4 $ 33.9 — $ 38.1 — — — $ 204.1
Depreciation and amortization $ 246.2 $ 85.7 $ 50.5 — $ 58.7 — — $ (134.3) $ 306.8
Year ended June 30, 2003
Revenues $ 4,393.6 $1,611.9 $814.1 — $ 461.9 $ (93.3) $ (41.2) — $ 7,147.0
Earnings before income taxes $ 1,070.0 $ 232.0 $135.7 — $ 153.8 $ (14.1) $ (41.2) $ 109.0 $ 1,645.2
Assets $ 13,255.5 $ 556.3 $350.6 — $ 5,671.3 — — — $ 19,833.7
Capital expenditures $ 63.9 $ 23.8 $ 26.2 — $ 19.9 — — — $ 133.8
Depreciation and amortization $ 191.0 $ 94.9 $ 49.8 — $ 48.0 — — $ (109.0) $ 274.7
Revenues and assets by geographic area are as follows:
United
States Europe Canada Other Total
Year ended June 30, 2005
Revenues $ 7,000.9 $ 988.9 $ 413.1 $ 96.2 $ 8,499.1
Assets $23,936.4 $1,765.2 $1,731.3 $182.5 $27,615.4
Year ended June 30, 2004
Revenues $ 6,449.3 $ 880.5 $ 354.5 $ 70.6 $ 7,754.9
Assets $ 17,591.1 $1,661.7 $ 1,719.4 $ 148.4 $ 21,120.6
Year ended June 30, 2003
Revenues $ 6,016.1 $ 774.8 $ 292.1 $ 64.0 $ 7,147.0
Assets $ 16,840.8 $1,475.4 $ 1,391.2 $ 126.3 $ 19,833.7
NOTE 17. QUARTERLY FINANCIAL RESULTS (UNAUDITED)
Summarized quarterly results of operations for the two fiscal years ended June 30, 2005 are as follows:
First Second Third Fourth
Quarter Quarter Quarter Quarter
Year ended June 30, 2005
Revenues $1,854.7 $1,993.6 $2,349.0 $2,301.8
Net earnings $ 208.2 $ 250.1 $ 338.4 $ 258.7
Basic earnings per share $ .36 $ .43 $ .58 $ .44
Diluted earnings per share $ .35 $ .42 $ .57 $ .44
Year ended June 30, 2004
Revenues $ 1,720.3 $ 1,827.4 $ 2,121.4 $ 2,085.8
Net earnings $ 194.9 $ 228.6 $ 300.2 $ 211.9
Basic earnings per share $ .33 $ .39 $ .51 $ .36
Diluted earnings per share $ .32 $ .38 $ .50 $ .36