ADP 2007 Annual Report Download - page 5

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FINANCIAL HIGHLIGHTS
TOTAL REVENUES (Dollars in millions)
07
06
05
04
03
$7,800
$6,836
$6,131
$5,576
$5,079
Note 1. Return on equity has been calculated as net earnings
from continuing operations divided by average stockholders’ equity,
excluding the average cumulative net earnings from discontinued
operations for each of the five years beginning with fiscal 2003.
See our Selected Financial Data table within the 2007 Annual
Report on Form 10-K for additional information on our return on
equity calculation.
$1.83
$1.45
$1.32
$1.18
$1.34
07
06
05 (Note 2)
(Note 2)
(Note 2)
04
03
Note 2. The Company adopted Statement of Financial Accounting
Standards No. 123R, “Share-Based Payment” (“SFAS No. 123R”),
effective July 1, 2005, using the modified prospective method. The
adoption of SFAS No. 123R requires the recognition of stock-based
compensation expense in the consolidated financial statements
beginning in fiscal 2006. The financial information presented for
fiscal years 2005, 2004, and 2003 do not include stock-based
compensation expense.
DILUTED EPS FROM CONTINUING OPERATIONS (In Dollars)
(Dollars and shares in millions, except per share amounts)
Years ended June 30, 2007 2006 Change
Total revenues $ 7,800.0 $ 6,835.6 14%
Net earnings from continuing operations $ 1,021.2 $ 841.9 21%
Basic earnings per share from continuing operations $ 1.86 $ 1.46 27%
Diluted earnings per share from continuing operations $ 1.83 $ 1.45 26%
Cash dividends declared $ 480.7 $ 408.6 18%
Cash dividends declared per share $ 0.8750 $ 0.7100 23%
Basic weighted average shares outstanding 549.7 574.8
Diluted weighted average shares outstanding 557.9 580.3
Return on equity (Note 1) 23.7% 17.4%
At year end:
Cash, cash equivalents, and marketable securities $ 1,884.6 $ 2,461.3
Working capital from continuing operations $ 1,534.8 $ 1,596.4
Total assets before funds held for clients $ 8,159.7 $10,006.2
Long-term debt $ 43.5 $ 74.3
Stockholders’ equity $ 5,147.9 $ 6,011.6
Number of employees 46,000 46,000
3
ADP Summary Annual Report 2007