Stock Analysis on Net
Stock Analysis on Net

Automatic Data Processing Inc. (NASDAQ:ADP)

This company has been moved to the archive! The financial data has not been updated since April 29, 2022.

Common-Size Income Statement 

Automatic Data Processing Inc., common-size consolidated income statement

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12 months ended: Jun 30, 2021 Jun 30, 2020 Jun 30, 2019 Jun 30, 2018 Jun 30, 2017 Jun 30, 2016
Revenues, other than interest on funds held for clients and PEO revenues 65.10 65.38 66.14 67.43 68.81 70.57
Interest on funds held for clients 2.81 3.74 3.96 3.50 3.21 3.23
Professional Employer Organization (PEO) revenues 32.08 30.89 29.89 29.07 27.98 26.20
Revenues 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Operating expenses -50.12 -50.75 -50.41 -52.06 -51.83 -51.64
Systems development and programming costs -4.78 -4.62 -4.49 -4.73 -5.07 -5.17
Depreciation and amortization -2.69 -2.51 -2.15 -2.06 -1.83 -1.81
Costs of revenues -57.58% -57.88% -57.05% -58.85% -58.72% -58.63%
Gross profit 42.42% 42.12% 42.95% 41.15% 41.28% 41.37%
Selling, general, and administrative expenses -20.26 -20.58 -21.62 -22.30 -22.48 -22.60
Operating income 22.16% 21.53% 21.34% 18.85% 18.80% 18.77%
Interest expense -0.40 -0.73 -0.92 -0.77 -0.65 -0.48
Interest income on corporate funds 0.24 0.58 0.69 0.63 0.62 0.53
Realized gains (losses) on available-for-sale securities, net 0.08 0.09 -0.01 -0.02 0.02 -0.04
Impairment of assets -0.13 -0.20 -0.09 0.00 0.00 0.00
Gain on sale of assets 0.05 0.04 0.03 0.01 0.00 0.12
Gain on sale of investment 0.01 0.00 0.11 0.00 0.00 0.00
Gain on sale of business 0.00 0.00 0.00 0.00 1.66 0.25
Non-service components of pension income (expense), net 0.39 0.51 0.05 -2.40 0.00 0.00
Other income (expense), net 0.64% 1.01% 0.78% -1.79% 2.30% 0.86%
Earnings from continuing operations before income taxes 22.40% 21.81% 21.20% 16.29% 20.45% 19.15%
Provision for income taxes -5.08 -4.91 -5.03 -4.13 -6.44 -6.35
Net earnings from continuing operations 17.32% 16.91% 16.17% 12.16% 14.00% 12.80%
Net loss from discontinued operations 0.00 0.00 0.00 0.00 0.00 -0.01
Net earnings 17.32% 16.91% 16.17% 12.16% 14.00% 12.79%

Based on: 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-06-30).

Income statement item Description The company
Operating income The net result for the period of deducting operating expenses from operating revenues. Automatic Data Processing Inc. operating income as a percentage of revenues increased from 2019 to 2020 and from 2020 to 2021.
Earnings from continuing operations before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Automatic Data Processing Inc. earnings from continuing operations before income taxes as a percentage of revenues increased from 2019 to 2020 and from 2020 to 2021.
Net earnings The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Automatic Data Processing Inc. net earnings as a percentage of revenues increased from 2019 to 2020 and from 2020 to 2021.