ADP 2012 Annual Report Download - page 30

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Net earnings from continuing operations, as adjusted, increased $59.1 million to $1,254.2 million for fiscal 2011, from $1,195.1 million for
fiscal 2010, and the related diluted earnings per share from continuing operations, as adjusted, increased $0.15 to $2.52. The increase in diluted
earnings per share, as adjusted, for the fiscal 2011 reflects the impact of fewer shares outstanding due to the repurchase of approximately 14.2
million shares during fiscal 2011 and the repurchase of 18.2 million shares in fiscal 2010.
28
Year ended June 30, 2011
(Dollars in millions, except per share amounts)
Diluted EPS
Earnings from
Net earnings from
from
continuing operations
Provision for
continuing continuing
before income taxes
income taxes
operations operations
As Reported $
1,932.7
$
678.5
$
1,254.2
$
2.52
Less Adjustment:
Favorable tax items - - - -
As Adjusted $
1,932.7
$
678.5
$
1,254.2
$
2.52
Year ended June 30, 2010
(Dollars in millions, except per share amounts)
Diluted EPS
Earnings from
Net earnings from
from
continuing operations
Provision for
continuing continuing
before income taxes
income taxes
operations operations
As Reported
$
1,863.2
$
655.9
$
1,207.3
$
2.40
Less Adjustment:
Favorable tax items -
12.2
12.2
0.02
As Adjusted $
1,863.2
$
668.1
$
1,195.1
$
2.37