ADP 2012 Annual Report Download - page 26

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Net earnings from continuing operations, as adjusted, increased $93.1 million, or 7% to $1,347.3 million, for fiscal 2012, from $1,254.2
million, as reported, for fiscal 2011, and the related diluted earnings per share from continuing operations, as adjusted, increased 9%, to $2.74
for fiscal 2012. The increase in diluted earnings per share, as adjusted, for fiscal 2012 reflects the impact of fewer shares outstanding due to the
repurchase of approximately 14.6 million shares during fiscal 2012 and the repurchase of 14.2 million shares in fiscal 2011.
24
Year ended June 30, 2012
(Dollars in millions, except per share amounts)
Diluted EPS
Earnings from
Net earnings from
from
continuing operations
Provision for
continuing continuing
before income taxes
income taxes
operations
operations
As Reported $
2,122.1
$
733.6
$
1,388.5
$
2.82
Less Adjustment:
Gain on sale of assets
66.0
24.8
41.2
0.08
As Adjusted $
2,056.1
$
708.8
$
1,347.3
$
2.74