$67.4 B

ADP Mkt cap, 18-Mar-2019

$3.5 B

Automatic Data Processing Revenue Q2, 2019
Automatic Data Processing Gross profit (Q2, 2019)1.5 B
Automatic Data Processing Gross profit margin (Q2, 2019), %42.6%
Automatic Data Processing Net income (Q2, 2019)558.2 M
Automatic Data Processing Cash, 31-Dec-20182.8 B
Automatic Data Processing EV66.6 B

Automatic Data Processing Revenue

Automatic Data Processing revenue was $13.33 b in FY, 2018 which is a 7.6% year over year increase from the previous period.

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Automatic Data Processing Revenue Breakdown

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Automatic Data Processing revenue breakdown by business segment: 27.9% from Employer Services and 72.1% from Professional Employer Organization Services

Automatic Data Processing revenue breakdown by geographic segment: 86.2% from United States, 9.3% from Europe and 4.5% from Other

Automatic Data Processing Income Statement

Annual

USDFY, 2016FY, 2017FY, 2018

Revenue

11.7b12.4b13.3b

Revenue growth, %

7%6%8%

Cost of goods sold

6.8b7.3b7.8b

Gross profit

4.8b5.1b5.5b

Gross profit Margin, %

41%41%41%

General and administrative expense

2.6b2.8b3.0b

Operating expense total

2.6b2.8b3.0b

Interest expense

56.2m80.0m102.7m

Pre tax profit

2.2b2.5b2.2b

Income tax expense

741.3m797.7m550.3m

Net Income

1.5b1.7b1.6b

Automatic Data Processing Balance Sheet

Annual

USDFY, 2016FY, 2017FY, 2018

Cash

3.2b2.8b2.2b

Accounts Receivable

1.7b1.7b2.0b

Current Assets

39.5b32.7b32.1b

PP&E

685.0m779.9m793.7m

Goodwill

1.7b1.7b2.2b

Total Assets

43.7b37.2b37.1b

Accounts Payable

152.3m149.7m135.4m

Dividends Payable

238.4m250.5m298.9m

Current Liabilities

35.8b29.8b30.4b

Long-term debt

2.0b2.0b2.0b

Total Debt

2.0b2.0b2.0b

Total Liabilities

39.2b33.2b33.6b

Common Stock

63.9m63.9m63.9m

Additional Paid-in Capital

768.1m867.8m1.0b

Retained Earnings

14.0b14.7b15.3b

Total Equity

4.5b4.0b3.5b

Debt to Equity Ratio

0.4 x0.5 x0.6 x

Debt to Assets Ratio

0 x0.1 x0.1 x

Financial Leverage

9.7 x9.3 x10.7 x

Quarterly

USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Cash

2.8b2.7b3.0b2.4b1.8b2.3b1.5b2.8b

Accounts Receivable

1.6b1.8b1.8b1.8b2.0b2.0b2.2b2.6b

Current Assets

30.1b35.8b39.5b31.0b39.4b38.7b30.0b31.7b

PP&E

701.0m733.2m750.6m800.4m799.9m794.6m787.7m772.7m

Goodwill

1.7b1.7b1.7b1.8b2.2b2.3b2.3b2.3b

Total Assets

34.3b40.0b43.9b35.7b44.5b44.1b37.4b38.8b

Accounts Payable

117.8m137.4m126.5m112.6m136.8m105.7m131.8m151.3m

Dividends Payable

237.3m253.2m251.0m249.0m275.2m275.1m298.8m341.0m

Current Liabilities

26.7b33.0b36.4b28.3b37.3b36.7b29.0b30.3b

Long-term debt

2.0b2.0b2.0b2.0b2.0b2.0b2.0b2.0b

Total Debt

2.0b2.0b2.0b2.0b2.0b2.0b2.0b2.0b

Total Liabilities

30.1b36.2b39.8b31.7b40.6b40.0b32.7b34.0b

Common Stock

63.9m63.9m63.9m63.9m63.9m63.9m63.9m63.9m

Additional Paid-in Capital

750.4m784.2m833.5m869.8m903.5m964.1m1.0b1.1b

Retained Earnings

14.1b14.4b14.7b14.9b15.1b15.5b16.7b17.0b

Total Equity

4.3b3.8b4.1b4.0b3.9b4.0b4.7b4.8b

Debt to Equity Ratio

0.5 x0.5 x0.5 x0.5 x0.5 x0.5 x0.4 x0.4 x

Debt to Assets Ratio

0.1 x0.1 x0 x0.1 x0 x0 x0.1 x0.1 x

Financial Leverage

8.1 x10.5 x10.7 x9 x11.3 x10.9 x8 x8.1 x

Automatic Data Processing Cash Flow

Annual

USDFY, 2016FY, 2017FY, 2018

Net Income

1.5b1.7b1.6b

Depreciation and Amortization

288.6m316.1m377.6m

Accounts Receivable

224.6m(23.4m)(291.8m)

Accounts Payable

(15.9m)(11.6m)(1.9m)

Cash From Operating Activities

1.9b2.1b2.5b

Cash From Investing Activities

(9.1b)5.7b(2.5b)

Long-term Borrowings

(1.5m)(2.0m)(7.3m)

Dividends Paid

(943.6m)(995.2m)(1.1b)

Cash From Financing Activities

8.8b(8.3b)(1.7b)

Net Change in Cash

1.6b(410.7m)(1.6b)

Interest Paid

37.5m78.1m100.5m

Income Taxes Paid

651.6m817.1m529.7m

Free Cash Flow

1.7b1.9b2.3b

Quarterly

USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Net Income

368.7m879.6m1.5b401.5m869.0m1.5b505.4m1.1b

Depreciation and Amortization

77.6m156.0m233.6m87.2m182.0m278.3m99.0m196.5m

Accounts Receivable

121.0m(119.7m)(90.1m)(81.7m)(337.1m)(239.3m)(239.2m)(670.0m)

Accounts Payable

(36.3m)(16.1m)(29.5m)(24.5m)(2.7m)(31.1m)(2.3m)19.0m

Cash From Operating Activities

329.8m841.1m1.7b244.7m675.1m1.8b149.2m931.5m

Cash From Investing Activities

(396.9m)(493.8m)(954.7m)(292.6m)(1.3b)(2.0b)(452.7m)(469.2m)

Long-term Borrowings

(500.0k)(1.0m)(1.5m)(900.0k)(6.3m)(6.8m)(500.0k)(1.1m)

Dividends Paid

(241.8m)(482.3m)(739.4m)(253.7m)(506.7m)(785.1m)(302.6m)(605.0m)

Cash From Financing Activities

(9.5b)(4.0b)(986.5m)(2.1b)6.3b5.4b(1.8b)(1.5b)

Net Change in Cash

(9.5b)(3.7b)(353.6m)(2.1b)5.7b5.3b(2.1b)(1.1b)

Interest Paid

33.4m39.2m69.8m41.4m54.3m86.5m49.4m73.3m

Income Taxes Paid

36.3m332.6m569.2m41.9m389.2m423.0m39.3m280.3m

Free Cash Flow

281.1m721.4m1.5b171.4m556.8m1.7b106.0m851.5m

Automatic Data Processing Ratios

USDY, 2018

EV/CFO

71.5 x

EV/FCF

78.2 x

Revenue/Employee

61.5k

Debt/Equity

0.4 x

Debt/Assets

0.1 x

Financial Leverage

8.1 x
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Automatic Data Processing Operating Metrics

Automatic Data Processing's Customers was reported to be 700 k in FY, 2018.
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017Sep, 2017Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019

Customers

637 k630 k650 k700 k700 k

New Bookings

$1.60 b$1.65 b$1.80 b

Average Client Funds Balances

$20.70 b$18.70 b$19.80 b$26.20 b$21.80 b$19.36 b$20.55 b$26.68 b$22.42 b$20.05 b$20.91 b$27.31 b$23.02 b$21.21 b$22.50 b$28.80 b$24.30 b$22.20 b€23.60 b

Countries

125 100 110 110 110

Partners

7 k
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