ADP 1998 Annual Report Download - page 18

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16
(In thousands, except per share amounts)
Years ended June 30, 1998 1997 1996 1995 1994
Revenue $4,798,061 $4,112,186 $3,566,597 $2,893,742 $2,468,966
Cost of operations 3,889,819 3,360,382 2,901,476 2,335,122 2,014,296
Interest expense 24,042 27,794 29,731 24,340 20,840
3,913,861 3,388,176 2,931,207 2,359,462 2,035,136
Earnings before income taxes 884,200 724,010 635,390 534,280 433,830
Provision for income taxes 278,900 210,510 180,690 139,450 104,510
Net earnings $ 605,300 $ 513,500 $ 454,700 $ 394,830 $ 329,320
Basic earnings per share $ 2.04 $ 1.76 $ 1.57 $ 1.38 $ 1.17
Diluted earnings per share $ 1.98 $ 1.71 $ 1.53 $ 1.35 $ 1.14
Basic shares outstanding 296,878 290,990 288,967 285,112 281,780
Diluted shares outstanding 310,411 306,659 305,009 301,350 297,564
Cash dividends per share $ .5125 $ .445 $ .3875 $ .3125 $ .27
Return on equity 20.1% 20.6% 20.3% 20.9% 21.0%
AT YEAR END:
Cash, cash equivalents and
marketable securities
$ 1,662,448 $ 1,495,083 $ 1,098,620 $ 1,291,889 $ 1,062,190
Working capital $ 608,263 $ 785,450 $ 618,670 $ 667,920 $ 507,243
Total assets $ 5,175,355 $ 4,382,772 $ 3,839,885 $ 3,201,096 $ 2,711,751
Long-term debt $ 192,063 $ 401,162 $ 403,743 $ 390,177 $ 372,959
Shareholdersî‚’ equity $ 3,406,451 $ 2,660,565 $ 2,315,346 $ 2,096,615 $ 1,691,251
SELECTED FINANCIAL DATA
AUTOMATIC DATA PROCESSING, INC. AND SUBSIDIARIES