ADP 2013 Annual Report Download

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AUTOMATIC DATA PROCESSING INC
FORM 10-K
(Annual Report)
Filed 08/19/13 for the Period Ending 06/30/13
Address ONE ADP BOULVARD
ROSELAND, NJ 07068
Telephone 9739747849
CIK 0000008670
Symbol ADP
SIC Code
7374 - Computer Processing and Data Preparation and Processing Services
Industry Business Services
Sector Services
Fiscal Year 06/30
http://www.edgar-online.com
© Copyright 2013, EDGAR Online, Inc. All Rights Reserved.
Distribution and use of this document restricted under EDGAR Online, Inc. Terms of Use.

Table of contents

  • Page 1
    ...FORM 10-K (Annual Report) Filed 08/19/13 for the Period Ending 06/30/13 Address Telephone CIK Symbol SIC Code Industry Sector Fiscal Year ONE ADP BOULVARD ROSELAND, NJ 07068 9739747849 0000008670 ADP 7374 - Computer Processing and Data Preparation and Processing Services Business Services Services...

  • Page 2
    ... ADP Boulevard, Roseland, New Jersey (Address of principal executive offices) 22-1467904 (IRS Employer Identification No.) 07068 (Zip Code) Registrant's telephone number, including area code: 973-974-5000 Securities registered pursuant to Section 12(b) of the Act: Title of each class Common Stock...

  • Page 3
    ... Executive Officers Executive Compensation Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters Certain Relationships and Related Transactions, and Director Independence Principal Accounting Fees and Services 71 73 73 73 73 Exhibits, Financial Statement...

  • Page 4
    ... common stock is listed on the NASDAQ Global Select Market® under the symbol "ADP". When we refer to "we", "ADP", or the "Company" in this Annual Report on Form 10-K, we mean Automatic Data Processing, Inc. and its consolidated subsidiaries. Available Information Our corporate website, www.adp.com...

  • Page 5
    ..., workers compensation insurance premium payment plans, and certain retirement plans. ADP Resource® is a comprehensive human resources management outsourcing solution for small businesses that offers payroll and tax administration, recruitment and selection, employee assistance, employee training...

  • Page 6
    ...outsourced payroll services. Employers can choose a variety of payroll payment options ranging from professionally printed checks to ADP's electronic Wage Payment and Pay Card Solutions. ADP also prepares and files federal, state and local payroll tax returns and quarterly and annual social security...

  • Page 7
    ... programs, ADP Tax Credits Services enables clients to screen employees and process eligibility forms, monitor and manage screening compliance and form compliance, submit forms to state agencies for tax credit certification, calculate credits, and produce a detailed audit trail. Wage Garnishment...

  • Page 8
    ... online HR management tools employee leave administration Employee Benefits . Through the co-employment model, ADP TotalSource provides eligible worksite employees with access to group health, dental and vision coverage a 401(k) retirement savings plan health savings accounts flexible spending...

  • Page 9
    ... and wireless network access solutions, and security management applications. Training Services . Dealer Services offers comprehensive training and business process consulting services for many of its business solutions via multiple delivery methods. Task-specific internet-based courses are fully...

  • Page 10
    ... access (payroll card) offering is subject to the anti-money laundering and reporting provisions of the Bank Secrecy Act. Our employee screening and selection services business offers background checking services that are subject to the Fair Credit Reporting Act. Our PEO business (ADP TotalSource...

  • Page 11
    ... existing solutions and services, and ADP's solutions and services have significant remaining life cycles. LICENSES ADP is the licensee under a number of agreements for computer programs and databases. ADP's business is not dependent upon a single license or group of licenses. Third-party licenses...

  • Page 12
    ... business, damage our reputation, increase our costs, and cause losses Our systems and networks store personal information about our clients and employees of our clients. In addition, our retirement services systems maintain investor account information for retirement plans. We have security systems...

  • Page 13
    ... needs required by our Employer Services business. We invest our client funds in liquid, investment-grade marketable securities, money market securities, and other cash equivalents. Nevertheless, our client fund assets are subject to general market, interest rate, credit, and liquidity risks. These...

  • Page 14
    ... and Issuer Purchases of Equity Securities Market for the Registrant's Common Equity The principal market for the Company's common stock (symbol: ADP) is the NASDAQ Global Select Market. The following table sets forth the reported high and low sales prices of the Company's common stock reported on...

  • Page 15
    ... on June 30, 2008, with all dividends reinvested. * The Peer Group Index is comprised of the following companies: Insperity, Inc. Computer Sciences Corporation Global Payments Inc. Intuit Inc. Paychex, Inc. The Ultimate Software Group, Inc. Total System Services, Inc. The Western Union Company 14

  • Page 16
    ... Disclosures About Market Risk included in this Annual Report on Form 10-K. (Dollars and shares in millions, except per share amounts) Years ended June 30, 2013 2012 2011 2010 2009 Total revenues Total costs of revenues Gross profit Earnings from continuing operations before income taxes Adjusted...

  • Page 17
    ... additional services to clients; the pricing of services and products; changes in laws regulating payroll taxes, professional employer organizations and employee benefits; overall market and economic conditions, including interest rate and foreign currency trends; competitive conditions; auto sales...

  • Page 18
    16

  • Page 19
    ... in fiscal 2013 . Employer Services' and PEO Services' new business bookings, which represent annualized recurring revenues anticipated from sales orders to new and existing clients, grew 11% worldwide, to over $1.35 billion in fiscal 2013 . Dealer Services' new business bookings showed strength...

  • Page 20
    ... amount of cash used for business acquisitions and proceeds from the sale of businesses included in discontinued operations. The increase in cash provided by financing activities of $5,104.9 million is primarily due to the timing of cash received and payments made related to client funds as compared...

  • Page 21
    18

  • Page 22
    ... 2013 non tax-deductible goodwill impairment charge and the fiscal 2012 sale of assets related to rights and obligations to resell a third-party expense management platform. Years ended June 30, (Dollars in millions, except per share amounts) 2013 2012 2011 $ Change 2013 2012 % Change 2013 2012...

  • Page 23
    ... for benefits coverage of $1,060.3 million and costs for workers' compensation and payment of state unemployment taxes of $303.3 million . The increase in operating expenses is also due to expenses related to businesses acquired of $84.4 million and higher labor-related expenses in Employer Services...

  • Page 24
    ... in our business segments, partially offset by the continued decline in interest on funds held for clients. Provision for Income Taxes The effective tax rate in fiscal 2013 and 2012 was 34.6% and 34.5% , respectively. Our effective tax rate for fiscal 2013 includes the effect of a non tax-deductible...

  • Page 25
    ... employees. These pass-through costs were $1,363.6 million in fiscal 2012, which included costs for benefits coverage of $1,060.3 million and costs for workers' compensation and payment of state unemployment taxes of $303.3 million. These pass-through costs were $1,182.2 million in fiscal 2011...

  • Page 26
    ... , as compared to $1,918.0 million , as reported, for fiscal 2011 due to increased revenue and margin improvement in our business segments, partially offset by decline in interest on funds held for clients. Provision for Income Taxes The effective tax rates in fiscal 2012 and 2011 were 34.5% and 35...

  • Page 27
    ...-owned captive insurance company that provides workers' compensation and employer's liability deductible reimbursement insurance protection for PEO Services worksite employees), non-recurring gains and losses, miscellaneous processing services, such as customer financing transactions, and certain...

  • Page 28
    ... year from new business bookings growth, an increase in the number of employees on our clients' payrolls, and the impact of price increases. Our worldwide client revenue retention rate in fiscal 2013 increased 40 basis points to 91.3% as compared to our rate in fiscal 2012 and our pays per control...

  • Page 29
    ... for fiscal 2011 associated with benefits coverage, workers' compensation coverage, and state unemployment taxes for worksite employees. The increase in revenues was due to a 12% increase in the average number of worksite employees, resulting from an increase in the number of new clients and growth...

  • Page 30
    ....3 million in fiscal 2013 , 2012 , and 2011 , respectively. ADP Indemnity provides workers' compensation and employer's liability deductible reimbursement insurance protection for PEO Services worksite employees up to a $1 million per occurrence. PEO Services has secured specific per occurrence and...

  • Page 31
    ... , partially offset by a decrease in the purchases of corporate and client funds marketable securities of $210.9 million , a decrease in cash used for business acquisitions of $223.7 million , and an increase in cash received from the sale of businesses included in discontinued operations of $161...

  • Page 32
    ... institutions prior to borrowing. The Company is also required to pay facility fees on the credit agreements. The primary uses of the credit facilities are to provide liquidity to the commercial paper program and funding for general corporate purposes, if necessary. We had no borrowings through June...

  • Page 33
    ...funds held for clients on our Consolidated Balance Sheets as of June 30, 2013 . ADP Indemnity provides workers' compensation and employer's liability deductible reimbursement insurance protection for PEO Services worksite employees up to a $1 million per occurrence. PEO Services has secured specific...

  • Page 34

  • Page 35
    ... to the applicable tax authorities or client employees). Our corporate investments are invested in cash and cash equivalents and highly liquid, investment-grade marketable securities. These assets are available for repurchases of common stock for treasury and/or acquisitions, as well as other...

  • Page 36
    ... bonds is A. The maximum maturity at time of purchase for BBB rated securities is 5 years, for single A rated securities is 7 years, and for AA rated and AAA rated securities is 10 years. Time deposits and commercial paper must be rated A-1 and/or P-1. Money market funds must be rated AAA/Aaa...

  • Page 37
    ... to fees for providing services ( e.g. , Employer Services' payroll processing fees) as well as investment income on payroll funds, payroll tax filing funds and other Employer Services' client-related funds. We enter into agreements for a fixed fee per transaction ( e.g. , number of payees or number...

  • Page 38
    ... software licenses ( e.g ., Dealer Services' dealer management systems). For a majority of our software sales arrangements, which provide hardware, software licenses, installation, and postcontract customer support, revenues are recognized ratably over the software license term, as vendor-specific...

  • Page 39
    ... market volatilities, historical volatility of our stock price and other factors. Similarly, the dividend yield is based on historical experience and expected future changes. The risk-free rate is derived from the U.S. Treasury yield curve in effect at the time of grant. The binomial option-pricing...

  • Page 40
    ...52 Basic weighted average shares outstanding Diluted weighted average shares outstanding 482.7 487.1 487.3 492.2 493.5 498.3 (A) Professional Employer Organization ("PEO") revenues are net of direct pass-through costs, primarily consisting of payroll wages and payroll taxes, of $19,956.2 , $17...

  • Page 41
    36

  • Page 42
    Statements of Consolidated Comprehensive Income (In millions) Years ended June 30, 2013 2012 2011 Net earnings $ 1,405.8 $ 1,388.5 $ 1,254.2 Other comprehensive income: Currency translation adjustments Unrealized net (losses)/gains on available-for-sale securities Tax effect Reclassification of...

  • Page 43

  • Page 44
    ... and cash equivalents (A) Short-term marketable securities Accounts receivable, net Other current assets Assets held for sale Assets of discontinued operations Total current assets before funds held for clients Funds held for clients Total current assets Long-term marketable securities (A) Long-term...

  • Page 45
    (A) As of June 30, 2013 , $245.2 million of long-term marketable securities and $0.7 million of cash and cash equivalents have been pledged as collateral under the Company's reverse repurchase agreements (see Note 9). See notes to the consolidated financial statements. 38

  • Page 46
    ...- $ 367.1 - (136.9) - - - - - Balance at June 30, 2012 Net earnings Other comprehensive loss Stock-based compensation expense Issuances relating to stock compensation plans Tax benefits from stock compensation plans Treasury stock acquired (10.4 shares) Dividends ($1.70 per share) 638.7 $ 63...

  • Page 47
    ... Flows from Investing Activities: Purchases of corporate and client funds marketable securities Proceeds from the sales and maturities of corporate and client funds marketable securities Net (increase) decrease in restricted cash and cash equivalents held to satisfy client funds obligations Capital...

  • Page 48
    ... cash equivalents 151.0 158.7 (253.9) Cash and cash equivalents of continuing operations, beginning of period 1,548.1 1,389.4 1,643.3 Cash and cash equivalents of continuing operations, end of period $ 1,699.1 $ 1,548.1 $ 1,389.4 See notes to the consolidated financial statements. 40

  • Page 49
    ... reported on the Statements of Consolidated Earnings and are reported net of direct pass-through costs, which are costs billed and incurred for PEO Services worksite employees, primarily consisting of payroll wages and payroll taxes. Benefits, workers' compensation, and state unemployment tax fees...

  • Page 50
    ... benchmark yields, reported trades, non-binding broker/dealer quotes, issuer spreads, two-sided markets, benchmark securities, bids, offers, reference data, new issue data, and monthly payment information. The Company reviews the values generated by the independent pricing service for reasonableness...

  • Page 51
    ... Foreign Currency Risk Management Programs and Derivative Financial Instruments. The Company transacts business in various foreign jurisdictions and is therefore exposed to market risk from changes in foreign currency exchange rates that could impact its consolidated results of operations, financial...

  • Page 52
    ... of implied market volatilities, historical volatility of the Company's stock price, and other factors. Similarly, the dividend yield is based on historical experience and expected future changes. The risk-free rate is derived from the U.S. Treasury yield curve in effect at the time of grant...

  • Page 53
    ... become known. R. Workers' Compensation Costs. The Company employs a third party actuary to assist in determining the estimated claim liability related to workers' compensation and employer's liability coverage for PEO Services worksite employees. In estimating ultimate loss rates, we utilize...

  • Page 54
    ... for such purchase price allocations will end when the information, or the facts and circumstances, becomes available, but will not exceed twelve months. The Company acquired two businesses during fiscal 2013 for approximately $40.4 million , net of cash acquired. These acquisitions resulted in...

  • Page 55
    ... Company finalized the purchase price allocation for these seven acquisitions during fiscal 2013 and adjusted the preliminary values allocated to certain assets and liabilities in order to reflect final information received. The Company acquired nine businesses in fiscal 2011 for approximately $776...

  • Page 56
    ...and funds held for clients at June 30, 2013 and 2012 were as follows: June 30, 2013 Amortized Cost Type of issue: Money market securities and other cash equivalents Available-for-sale securities: Corporate bonds U.S. Treasury and direct obligations of U.S. government agencies Asset-backed securities...

  • Page 57
    ... AAA rated sovereign bonds of $415.4 million , AAA rated commercial mortgage-backed securities of $163.5 million , and AA rated mortgagebacked securities of $112.6 million that are guaranteed by Federal National Mortgage Association ("Fannie Mae") and Federal Home Loan Mortgage Corporation ("Freddie...

  • Page 58
    ...and cash equivalents Short-term marketable securities Long-term marketable securities Total corporate investments $ 2013 1,699.1 28.0 314.0 2,041.1 $ 2012 1,548.1 30.4 86.9 1,665.4 $ $ Funds held for clients represent assets that, based upon the Company's intent, are restricted for use solely for...

  • Page 59
    ... Company expects to receive from its clients, net of an allowance for doubtful accounts. The Company's receivables also include notes receivable for the financing of the sale of computer systems, primarily from auto, truck, motorcycle, marine, recreational vehicle, and heavy equipment retailers and...

  • Page 60
    ... collection issues, as well as a non-specific reserve based upon aging, both of which are based upon history of such losses and current economic conditions. Based upon the Company's methodology, the notes receivable balances with specific and non-specific reserves and the specific and non-specific...

  • Page 61
    ... in the auto industry and specific dealership matters, such as bankruptcy. As events related to a specific client dictate, the credit quality of a client is reevaluated. Approximately 100% of notes receivable were current at June 30, 2013 and 2012 . NOTE 7. PROPERTY, PLANT AND EQUIPMENT Property...

  • Page 62
    ... assets and liabilities included the discount rates, royalty rates, and attrition rates used in valuing the intangible assets. Upon completion of the annual test, the ADP AdvancedMD reporting unit was determined to be impaired. ADP AdvancedMD is currently reported in our Employer Services segment...

  • Page 63
    ...-based Compensation Plans. Stock-based compensation consists of the following: • Stock Options. Stock options are granted to employees at exercise prices equal to the fair market value of the Company's common stock on the dates of grant. Stock options are issued under a graded vesting schedule...

  • Page 64
    ... when to execute share repurchases, including, among other things, actual and potential acquisition activity, cash balances and cash flows, issuances due to employee benefit plan activity, and market conditions. Cash payments related to the settlement of vested time-based restricted stock units and...

  • Page 65
    Years ended June 30, Operating expenses Selling, general and administrative expenses System development and programming costs Total pretax stock-based compensation expense Income tax benefit $ 2013 17.9 64.0 14.5 96.4 34.3 $ 2012 17.2 62.6 14.3 94.1 33.5 $ 2011 16.5 59.9 13.9 90.3 32.3 $ $ $ $...

  • Page 66

  • Page 67
    ... Performance-based restricted stock Time-based restricted stock B. Pension Plans The Company has a defined benefit cash balance pension plan covering substantially all U.S. employees, under which employees are credited with a percentage of base pay plus interest. The plan interest credit rate varies...

  • Page 68
    The Company's pension plans' funded status as of June 30, 2013 and 2012 is as follows: June 30, Change in plan assets: Fair value of plan assets at beginning of year Actual return on plan assets Employer contributions Currency translation adjustments Benefits paid Fair value of plan assets at end of...

  • Page 69
    ...00% 2011 5.25% 7.25% 5.50% 2013 4.50% 4.00% 2012 3.90% 4.00% The discount rate is based upon published rates for high-quality fixed-income investments that produce cash flows that approximate the timing and amount of expected future benefit payments. The expected long-term rate of return on assets...

  • Page 70
    ... of inputs are utilized, including benchmark yields, reported trades, non-binding broker/dealer quotes, issuer spreads, two-sided markets, benchmark securities, bids, offers, reference data, new issue data, and monthly payment information. The pension plans have no Level 3 investments at June 30...

  • Page 71
    ...' benefit obligations at June 30, 2013 and includes estimated future employee service. C. Retirement and Savings Plan. The Company has a 401(k) retirement and savings plan, which allows eligible employees to contribute up to 50% of their compensation annually and allows highly compensated employees...

  • Page 72
    ...June 30, Provision for taxes at U.S. statutory rate Increase (decrease) in provision from: State taxes, net of federal tax U.S. tax on foreign income Utilization of foreign tax credits Section 199 - Qualified production activities Other (A) $ $ 2013 729.6 % 35.0 $ 2012 737.8 % 35.0 $ 2011 671.4 % 35...

  • Page 73
    ... that may not be realized. Income tax payments were approximately $693.0 million , $660.3 million , and $628.7 million for fiscal 2013 , 2012 , and 2011 , respectively. As of June 30, 2013 , 2012 , and 2011 the Company's liabilities for unrecognized tax benefits, which include interest and penalties...

  • Page 74
    ...certain leases require payment of maintenance and real estate taxes and contain escalation provisions based on future adjustments in price indices. As of June 30, 2013 , the Company has purchase commitments of approximately $720.0 million , including a reinsurance premium with ACE American Insurance...

  • Page 75
    ...-owned captive insurance company that provides workers' compensation and employer's liability deductible reimbursement insurance protection for PEO Services worksite employees), non-recurring gains and losses, miscellaneous processing services, such as customer financing transactions, and certain...

  • Page 76
    ...1,918.0 34,112.3 184.8 314.6 During fiscal 2013 , 2012 , and 2011 , Dealer Services earned 12.1% , 10.7% , and 8.8% , respectively, of its segment revenues from continuing operations from one client. The Company did not have any customers that individually accounted for more than 10% of the Company...

  • Page 77
    67

  • Page 78
    ... the fiscal 2014 policy year on terms substantially similar to the fiscal 2013 reinsurance policy to cover losses up to the $1 million per occurrence related to the workers' compensation and employer's liability deductible reimbursement insurance protection for PEO Services worksite employees. 68

  • Page 79
    ... Controls and Procedures Attached as Exhibits 31.1 and 31.2 to this Annual Report on Form 10-K are certifications of ADP's Chief Executive Officer and Chief Financial Officer, which are required by Rule 13a-14(a) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). This "Controls...

  • Page 80
    ... is set forth below. /s/ Carlos A. Rodriguez Carlos A. Rodriguez President and Chief Executive Officer /s/ Jan Siegmund Jan Siegmund Chief Financial Officer Roseland, New Jersey August 19, 2013 Changes in Internal Control over Financial Reporting There were no changes in ADP's internal control over...

  • Page 81

  • Page 82
    ... statements and consolidated financial statement schedule. /s/ Deloitte & Touche LLP Parsippany, New Jersey August 19, 2013 Item 9B. Other Information None. Part III Item 10. Directors, Executive Officers and Corporate Governance Executive Officers The executive officers of the Company, their ages...

  • Page 83
    71

  • Page 84
    ...and Retirement Services from 2011 to 2012, as President, Employer Services - International from 2009 to 2011, and as President, Employer Services - Europe from 2006 to 2009. Carlos A. Rodriguez joined ADP in 1999. Prior to his appointment in November 2011 to President and Chief Executive Officer, he...

  • Page 85
    following the date of the amendment or waiver. 72

  • Page 86
    ... 11. Executive Compensation See "Compensation of Executive Officers" and "Election of Directors - Compensation of Non-Employee Directors" in the Proxy Statement for the Company's 2013 Annual Meeting of Stockholders, which information is incorporated herein by reference. Item 12. Security Ownership...

  • Page 87
    3.2 3.1 to the Company's Registration Statement No. 333-72023 on Form S-4 filed with the Commission on February 9, 1999 Amended and Restated By-laws of the Company - incorporated by reference to Exhibit 3.2 to the Company's Current Report on Form 8-K dated June 7, 2012 73

  • Page 88
    ... 31, 2005 (Management Compensatory Plan) 2003 Director Stock Plan - incorporated by reference to Exhibit 4.4 to Registration Statement No. 333-147377 on Form S-8 filed with the Commission on November 14, 2007 (Management Compensatory Plan) Amended and Restated Employees' Savings-Stock Purchase Plan...

  • Page 89
    ... by reference to Exhibit 10.1 to the Company's Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2012 (Management Compensatory Plan) Form of Stock Option Grant Agreement under the 2008 Omnibus Award Plan (Form for Non- Employee Directors) for grants prior to November 12, 2008...

  • Page 90
    ...ended June 30, 2013: Allowance for doubtful accounts: Current Long-term Deferred tax valuation allowance Year ended June 30, 2012: Allowance for doubtful accounts: Current Long-term Deferred tax valuation allowance Year ended June 30, 2011: Allowance for doubtful accounts: Current Long-term Deferred...

  • Page 91
    ... the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the Registrant in the capacities and on the dates indicated. August 19, 2013 By Signature /s/ Carlos A. Rodriguez (Carlos A. Rodriguez) Title President and Chief Executive Officer, Director...

  • Page 92
    /s/ John P. Jones (John P. Jones) /s/ Enrique T. Salem (Enrique T. Salem) /s/ Gregory L. Summe (Gregory L. Summe) Director August 19, 2013 Director August 19, 2013 Director August 19, 2013 78

  • Page 93
    ... number of PSUs (the " Dividend Equivalent PSUs ") equal to (i) the quotient obtained by dividing the amount of such dividend by the Fair Market Value (as defined in the Plan) of a share of Common Stock on such date, multiplied by (ii) the Total Award. (d) Settlement . For Participants whose home...

  • Page 94
    ... in the Plan) or retirement (defined for purposes of this Agreement as voluntary termination of employment at or after age 65, or age 55 with 10 years of service with the Company or its Affiliates), Participant shall be entitled to receive a pro-rata portion of the Award determined in accordance...

  • Page 95
    ... and delivery of the Award, and any other obligations of the Company under this Agreement, shall be subject to all applicable federal, state, local and foreign laws, rules and regulations and to such approvals by any regulatory or governmental agency as may be required. 6. Transferability . No...

  • Page 96
    ...Inc. ADP Outsourcing Italia s.r.l ADP Pacific, Inc. ADP Payroll Services, Inc. ADP Screening and Selection Services, Inc. ADP Tax Services, Inc. ADP Technology Services, Inc. ADP TotalSource Group, Inc. ADP Vehicle Information Technology (Shanghai) Co., Ltd Automatic Data Processing Insurance Agency...

  • Page 97
    ..., Inc. and subsidiaries (the "Company"), and the effectiveness of the Company's internal control over financial reporting, appearing in the Annual Report on Form 10-K of Automatic Data Processing, Inc. for the year ended June 30, 2013. /s/ Deloitte & Touche LLP Parsippany, New Jersey August 19...

  • Page 98
    ... Certification Pursuant to Rule 13a-14(a) of the Securities Exchange Act of 1934 I, Carlos A. Rodriguez, certify that: 1. I have reviewed this annual report on Form 10-K of Automatic Data Processing, Inc.; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact...

  • Page 99
    ...31.2 Certification Pursuant to Rule 13a-14(a) of the Securities Exchange Act of 1934 I, Jan Siegmund, certify that: 1. I have reviewed this annual report on Form 10-K of Automatic Data Processing, Inc.; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or...

  • Page 100
    ... with the Annual Report of Automatic Data Processing, Inc. (the "Company") on Form 10-K for the fiscal year ending June 30, 2013 as filed with the Securities and Exchange Commission on the date hereof (the "Report"), I, Carlos A. Rodriguez, President and Chief Executive Officer of the Company...

  • Page 101
    ... OFFICER CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002 In connection with the Annual Report of Automatic Data Processing, Inc. (the "Company") on Form 10-K for the fiscal year ending June 30, 2013 as filed with the Securities...