ADP 2014 Annual Report Download - page 53
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Results for discontinued operations were as follows:
Y ears ended June 30,
2015
2014
2013
Revenues
$ 538.8
$ 1,993.1
$ 1,891.9
Earnings from discontinued operations before income taxes
69.2
399.3
382.2
Provision for income taxes
71.6
136.5
135.3
Net (loss) / earnings from discontinued operations before gain on disposal of
discontinued operations
(2.4)
262.8
246.9
Gain on disposal of discontinued operations, less costs to sell
102.3
15.6
58.8
Provision for income taxes
23.9
5.1
22.1
Net gain on disposal of discontinued operations
78.4
10.5
36.7
Net earnings from discontinued operations
$ 76.0
$ 273.3
$ 283.6
The following are the major classes of assets and liabilities related to the discontinued operations as of June 30, 2014 . There were no assets or liabilities of
discontinued operations as of June 30, 2015.
June 30, 2014
Assets:
Cash $ 399.6
Accounts receivable, net 301.6
Property, plant and equipment, net 110.3
Goodwill 1,230.3
Intangible assets, net 141.3
Other assets 247.1
Total assets $ 2,430.2
Liabilities:
Accounts payable $ 17.6
Accrued expenses and other current liabilities 128.9
Accrued payroll and payroll related expenses 100.0
Income taxes payable 0.7
Deferred revenues 233.5
Deferred income taxes 72.8
Other liabilities 48.0
Total liabilities $ 601.5
49