ADP 2001 Annual Report Download - page 36

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Notes to Consolidated Financial Statements
(continued)
34
Employer Brokerage Dealer
(In millions) Services Services Services Other Total
Year ended June 30, 2001
Revenues $ 4,018 $1,756 $691 $ 553 $ 7,018
Pre-tax earnings $ 938 $ 335 $101 $ 151 $ 1,525
Assets $12,320 $ 523 $183 $4,863 $17,889
Capital expenditures $ 106 $ 33 $ 23 $ 23 $ 185
Depreciation and amortization $ 196 $ 109 $ 38 $ (22) $ 321
Year ended June 30, 2000
Revenues $ 3,579 $1,477 $725 $ 507 $ 6,288
Pre-tax earnings $ 775 $ 335 $114 $ 66 $ 1,290
Assets $11,264 $ 522 $202 $4,863 $16,851
Capital expenditures $94$27 $24$21$166
Depreciation and amortization $ 177 $ 81 $ 38 $ (12) $ 284
Year ended June 30, 1999
Revenues $ 3,232 $1,147 $723 $ 438 $ 5,540
Pre-tax earnings $ 674 $ 222 $106 $ 83 $ 1,085
Assets $ 7,813 $ 412 $242 $4,373 $12,840
Capital expenditures $92$35 $25$26$178
Depreciation and amortization $ 175 $ 73 $ 40 $ (15) $ 273
Revenues and assets by geographic area are as follows:
United
(In millions) States Europe Canada Other Total
Year ended June 30, 2001
Revenues $ 5,991 $ 641 $ 279 $107 $ 7,018
Assets $15,799 $1,055 $ 910 $125 $17,889
Year ended June 30, 2000
Revenues $ 5,330 $ 645 $ 259 $ 54 $ 6,288
Assets $14,640 $1,126 $1,014 $ 71 $16,851
Year ended June 30, 1999
Revenues $ 4,564 $ 704 $ 212 $ 60 $ 5,540
Assets $10,498 $1,216 $1,043 $ 83 $12,840
Note 13. Quarterly Financial Results
(Unaudited)
Summarized quarterly results of operations for the two years ended June 30, 2001 are as follows:
First Second Third Fourth
(In thousands, except per share amounts) Quarter Quarter Quarter Quarter
Year ended June 30, 2001*
Revenues $1,586,523 $1,683,639 $1,894,320 $1,853,088
Net earnings $ 173,400 $ 207,440 $ 288,880 $ 255,000
Basic earnings per share $ .28 $ .33 $ .46 $ .41
Diluted earnings per share $ .27 $ .32 $ .45 $ .40
Year ended June 30, 2000
Revenues $1,351,095 $1,492,486 $1,719,730 $1,724,201
Net earnings $ 146,200 $ 199,500 $ 271,310 $ 223,790
Basic earnings per share $ .23 $ .32 $ .43 $ .36
Diluted earnings per share $ .23 $ .31 $ .42 $ .35
* After impact of non-cash, non-recurring item. See note 3 to the consolidated financial statements.