ADP 2010 Annual Report Download - page 23

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Net earnings from continuing operations, as adjusted, decreased $10.0 million to $1,195.1 million for fiscal 2010, from $1,205.1 million
for fiscal 2009, and the related diluted earnings per share from continuing operations, as adjusted, decreased $0.01, to $2.37. The
decrease in net earnings from continuing operations, as adjusted, for fiscal 2010 reflects the decrease in earnings from continuing
operations before income taxes. The decrease in diluted earnings per share from continuing operations, as adjusted, for fiscal 2010
reflects the decrease in net earnings from continuing operations, partially offset by the impact of fewer shares outstanding due to the
repurchase of approximately 18.2 million shares during fiscal 2010 and the repurchase of 13.8 million shares in fiscal 2009.
20
Year ended June 30, 2010
Earnings from
Diluted EPS
continuing operations
Provision for
Net earnings from
from continuing
before income taxes
income taxes
continuing operations
operations
As Reported
$
1,863.2
$
655.9
$
1,207.3
$
2.40
Adjustments:
Favorable tax items
-
12.2
12.2
0.02
As Adjusted
$
1,863.2
$
668.1
$
1,195.1
$
2.37
Year ended June 30, 2009
Earnings from
Diluted EPS
continuing operations
Provision for
Net earnings from
from continuing
before income taxes
income taxes
continuing operations
operations
As Reported
$
1,900.1
$
575.0
$
1,325.1
$
2.62
Adjustments:
Favorable tax items
-
120.0
120.0
0.24
As Adjusted
$
1,900.1
$
695.0
$
1,205.1
$
2.38