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ADP 2003 Annual Report
16
Selected Financial Data
(In thousands, except per share amounts)
Years ended June 30, 2003 2002 2001 2000 1999
Total revenues $ 7,147,017 $ 7,004,263 $ 6,853,652 $ 6,168,432 $ 5,455,707
Earnings before income taxes $ 1,645,200 $ 1,786,970 $ 1,525,010 $ 1,289,600 $ 1,084,500
Net earnings $ 1,018,150 $ 1,100,770 $ 924,720 $ 840,800 $ 696,840
Pro forma net earnings* $ 971,680 $ 881,890 $ 739,260
Basic earnings per share $ 1.70 $ 1.78 $ 1.47 $ 1.34 $ 1.13
Diluted earnings per share $ 1.68 $ 1.75 $ 1.44 $ 1.31 $ 1.10
Pro forma basic earnings per share* $ 1.54 $ 1.41 $ 1.20
Pro forma diluted earnings per share* $ 1.51 $ 1.37 $ 1.17
Basic average shares outstanding 600,071 618,857 629,035 626,766 615,630
Diluted average shares outstanding 605,917 630,579 645,989 646,098 636,892
Cash dividends per share $ .4750 $ .4475 $ .3950 $ .3388 $ .2950
Return on equity 19.4% 22.4% 19.9% 19.7% 18.7%
At year end:
Cash, cash equivalents and marketable securities $ 2,344,343 $ 2,749,583 $ 2,596,964 $ 2,452,549 $ 2,169,040
Working capital $ 1,676,718 $ 1,406,155 $ 1,747,187 $ 1,767,784 $ 907,864
Total assets before funds held for clients $ 8,025,922 $ 7,051,251 $ 6,549,980 $ 6,429,927 $ 5,824,820
Total assets $19,833,671 $18,276,522 $17,889,090 $16,850,816 $12,839,553
Long-term debt $ 84,674 $ 90,648 $ 110,227 $ 132,017 $ 145,765
Shareholders’ equity $ 5,371,473 $ 5,114,205 $ 4,700,997 $ 4,582,818 $ 4,007,941
*Pro forma net earnings and earnings per share reflect the impact relating to the July 1, 2001 adoption of Statement of Financial Accounting Standards No. 142, which
eliminated goodwill amortization.