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ADP 2003 Annual Report
26
Statements of Consolidated Shareholders’ Equity Automatic Data Processing, Inc. and Subsidiaries
Accumulated
Common Stock Capital in Other
Excess of Retained Treasury Comprehensive Comprehensive
(In thousands, except per share amounts) Shares Amount Par Value Earnings Stock Income Income (Loss)
Balance at June 30, 2000 631,443 $63,144 $402,767 $4,477,141 $(130,800) $(229,434)
Net earnings — — — 924,720 — $ 924,720 —
Currency translation adjustments (80,816) (80,816)
Unrealized net gain on securities, net
of tax 77,286 77,286
Comprehensive income $ 921,190
Employee stock plans and
related tax benefits 6,878 688 163,464 — 187,058
Treasury stock acquired (16,558 shares) ————(935,064)
Acquisitions (22 shares) — — 234 — 839
Debt conversion (1,303 shares) 381 38 (12,538) — 40,723
Dividends ($.3950 per share) — — — (248,453) —
Balance at June 30, 2001 638,702 63,870 553,927 5,153,408 (837,244) (232,964)
Net earnings — — — 1,100,770 — $1,100,770 —
Currency translation adjustments 73,504 73,504
Unrealized net gain on securities, net
of tax 41,147 41,147
Comprehensive income $1,215,421
Employee stock plans and
related tax benefits — — (197,083) — 515,729
Treasury stock acquired (17,412 shares) ————(875,449)
Acquisitions (226 shares) — — (423) — 12,848
Debt conversion (705 shares) — — (23,050) — 42,075
Dividends ($.4475 per share) — — — (276,860) —
Balance at June 30, 2002 638,702 63,870 333,371 5,977,318 (1,142,041) (118,313)
Net earnings — — — 1,018,150 — $1,018,150 —
Currency translation adjustments 174,046 174,046
Unrealized net gain on securities, net
of tax 108,562 108,562
Minimum pension liability adjustment,
net of tax (5,476) (5,476)
Comprehensive income $1,295,282
Employee stock plans and
related tax benefits — — (103,593) — 268,938
Treasury stock acquired (27,413 shares) ————(938,545)
Acquisitions (294 shares) — — (3,056) — 14,883
Debt conversion (462 shares) — — (15,383) — 23,347
Dividends ($.4750 per share) — — — (284,605) —
Balance at June 30, 2003 638,702 $63,870 $211,339 $6,710,863 $(1,773,418) $ 158,819
See notes to consolidated financial statements.
(130,800)