ADP 2004 Annual Report Download - page 20

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18
Selected Financial Data
(In thousands, except per share amounts)
Years ended June 30, 2004 2003 2002 2001 2000
Total revenues $ 7,754,942 $ 7,147,017 $ 7,004,263 $ 6,853,652 $ 6,168,432
Earnings before income taxes $ 1,494,530 $ 1,645,200 $ 1,786,970 $ 1,525,010 $ 1,289,600
Net earnings $ 935,570 $ 1,018,150 $ 1,100,770 $ 924,720 $ 840,800
Pro forma net earnings* $ 971,680 $ 881,890
Basic earnings per share $ 1.58 $ 1.70 $ 1.78 $ 1.47 $ 1.34
Diluted earnings per share $ 1.56 $ 1.68 $ 1.75 $ 1.44 $ 1.31
Pro forma basic earnings per share* $ 1.54 $ 1.41
Pro forma diluted earnings per share* $ 1.51 $ 1.37
Basic average shares outstanding 591,697 600,071 618,857 629,035 626,766
Diluted average shares outstanding 598,749 605,917 630,579 645,989 646,098
Cash dividends per share $ .5400 $ .4750 $ .4475 $ .3950 $ .3388
Return on equity 17.3% 19.4% 22.4% 19.9% 19.7%
At year end:
Cash, cash equivalents and marketable securities $ 2,092,576 $ 2,344,343 $ 2,749,583 $ 2,596,964 $ 2,452,549
Working capital $ 993,165 $ 1,676,718 $ 1,406,155 $ 1,747,187 $ 1,767,784
Total assets before funds held for clients $ 8,217,027 $ 8,025,922 $ 7,051,251 $ 6,549,980 $ 6,429,927
Total assets $21,120,559 $19,833,671 $18,276,522 $17,889,090 $16,850,816
Long-term debt $ 76,200 $ 84,674 $ 90,648 $ 110,227 $ 132,017
Stockholders’ equity $ 5,417,670 $ 5,371,473 $ 5,114,205 $ 4,700,997 $ 4,582,818
*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.
Automatic Data Processing, Inc. and Subsidiaries