XML 59 R7.htm IDEA: XBRL DOCUMENT v2.4.1.9
Statements Of Consolidated Cash Flows (USD $)
In Millions, unless otherwise specified
9 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Statement of Cash Flows [Abstract]    
NET EARNINGS $ 1,116.3us-gaap_NetIncomeLoss $ 1,227.1us-gaap_NetIncomeLoss
Adjustments to reconcile net earnings to cash flows provided by operating activities:    
Depreciation and amortization 208.4us-gaap_DepreciationDepletionAndAmortization 195.9us-gaap_DepreciationDepletionAndAmortization
Deferred income taxes (40.8)us-gaap_DeferredIncomeTaxExpenseBenefit (56.1)us-gaap_DeferredIncomeTaxExpenseBenefit
Stock-based compensation expense 111.0us-gaap_AllocatedShareBasedCompensationExpense 86.9us-gaap_AllocatedShareBasedCompensationExpense
Excess tax benefit related to exercise of stock options and restricted stock (47.9)us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities (44.9)us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
Net pension expense 13.7us-gaap_PensionExpense 18.7us-gaap_PensionExpense
Net realized gain from the sales of marketable securities (2.3)us-gaap_GainLossOnInvestments (16.5)us-gaap_GainLossOnInvestments
Net amortization of premiums and accretion of discounts on available-for-sale securities 75.4us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments 69.8us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments
Gain on sale of discontinued businesses, net of tax 0us-gaap_DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax 10.5us-gaap_DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
Other (2.9)us-gaap_OtherNoncashIncomeExpense 11.1us-gaap_OtherNoncashIncomeExpense
Changes in operating assets and liabilities, net of effects from acquisitions and divestitures of businesses:    
Increase in accounts receivable (209.6)us-gaap_IncreaseDecreaseInAccountsAndNotesReceivable (203.1)us-gaap_IncreaseDecreaseInAccountsAndNotesReceivable
Increase in other assets (106.7)us-gaap_IncreaseDecreaseInOtherOperatingAssets (275.3)us-gaap_IncreaseDecreaseInOtherOperatingAssets
Decrease in accounts payable (16.2)us-gaap_IncreaseDecreaseInAccountsPayableTrade (9.8)us-gaap_IncreaseDecreaseInAccountsPayableTrade
Increase in accrued expenses and other liabilities 141.6us-gaap_IncreaseDecreaseInAccruedLiabilities 223.6us-gaap_IncreaseDecreaseInAccruedLiabilities
Proceeds from the sale of notes receivable 226.7us-gaap_ProceedsFromSaleOfNotesReceivable 0us-gaap_ProceedsFromSaleOfNotesReceivable
Operating activities of discontinued operations (2.5)us-gaap_CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations 0us-gaap_CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
Net cash flows provided by operating activities 1,464.2us-gaap_NetCashProvidedByUsedInOperatingActivities 1,216.9us-gaap_NetCashProvidedByUsedInOperatingActivities
Cash Flows from Investing Activities:    
Purchases of corporate and client funds marketable securities (3,366.1)us-gaap_PaymentsToAcquireMarketableSecurities (2,081.8)us-gaap_PaymentsToAcquireMarketableSecurities
Proceeds from the sales and maturities of corporate and client funds marketable securities 2,617.4us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities 1,469.4us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities
Net increase in restricted cash and cash equivalents held to satisfy client funds obligations (7,133.3)adp_NetDecreaseIncreaseInRestrictedCashCashEquivalentsOtherRestrictedAssetsHeldToSatisfyClientFundsObligations (3,290.9)adp_NetDecreaseIncreaseInRestrictedCashCashEquivalentsOtherRestrictedAssetsHeldToSatisfyClientFundsObligations
Capital expenditures (107.9)us-gaap_PaymentsToAcquireOtherPropertyPlantAndEquipment (118.4)us-gaap_PaymentsToAcquireOtherPropertyPlantAndEquipment
Additions to intangibles (131.7)us-gaap_PaymentsToAcquireIntangibleAssets (106.5)us-gaap_PaymentsToAcquireIntangibleAssets
Acquisitions of businesses, net of cash acquired (8.1)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired 0us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired
Proceeds from the sale of property, plant, and equipment and other assets 23.6us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment 0.4us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment
Other 0us-gaap_PaymentsForProceedsFromOtherInvestingActivities (0.1)us-gaap_PaymentsForProceedsFromOtherInvestingActivities
Dividend received from CDK Global, Inc. 825.0adp_DividendReceivedfromDisposalEntity 0adp_DividendReceivedfromDisposalEntity
Cash retained by CDK Global, Inc. (180.0)us-gaap_CashDivestedFromDeconsolidation 0us-gaap_CashDivestedFromDeconsolidation
Investing activities of discontinued operations (15.4)us-gaap_CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations (75.2)us-gaap_CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
Proceeds from the sale of business included in discontinued operations 0us-gaap_ProceedsFromDivestitureOfBusinesses 24.4us-gaap_ProceedsFromDivestitureOfBusinesses
Net cash flows used in investing activities (7,476.5)us-gaap_NetCashProvidedByUsedInInvestingActivities (4,178.5)us-gaap_NetCashProvidedByUsedInInvestingActivities
Cash Flows from Financing Activities:    
Net increase in client funds obligations 9,811.3adp_NetDecreaseIncreaseInClientFundsObligations 4,103.9adp_NetDecreaseIncreaseInClientFundsObligations
Payments of debt (1.8)us-gaap_RepaymentsOfLongTermDebt (2.7)us-gaap_RepaymentsOfLongTermDebt
Repurchases of common stock (1,127.7)us-gaap_PaymentsForRepurchaseOfCommonStock (459.0)us-gaap_PaymentsForRepurchaseOfCommonStock
Proceeds from stock purchase plan and exercises of stock options 87.7us-gaap_ProceedsFromStockPlans 140.2us-gaap_ProceedsFromStockPlans
Excess tax benefit related to exercise of stock options and restricted stock 47.9us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities 44.9us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
Dividends paid (696.2)us-gaap_PaymentsOfDividends (652.0)us-gaap_PaymentsOfDividends
Net repayments of reverse repurchase agreements 0us-gaap_ProceedsFromRepaymentsOfShortTermDebt (245.9)us-gaap_ProceedsFromRepaymentsOfShortTermDebt
Net repayments of commercial paper borrowings (2,173.0)us-gaap_ProceedsFromRepaymentsOfCommercialPaper 0us-gaap_ProceedsFromRepaymentsOfCommercialPaper
Other 0us-gaap_ProceedsFromPaymentsForOtherFinancingActivities (1.0)us-gaap_ProceedsFromPaymentsForOtherFinancingActivities
Financing activities of discontinued operations 1.6us-gaap_CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations 7.4us-gaap_CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations
Net cash flows provided by financing activities 5,949.8us-gaap_NetCashProvidedByUsedInFinancingActivities 2,935.8us-gaap_NetCashProvidedByUsedInFinancingActivities
Effect of exchange rate changes on cash and cash equivalents (112.5)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents (2.3)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents
Net change in cash and cash equivalents (175.0)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (28.1)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents, beginning of period 1,983.6us-gaap_CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations 1,699.1us-gaap_CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations
Cash and cash equivalents, end of period 1,808.6us-gaap_CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations 1,671.0us-gaap_CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations
Less cash and cash equivalents of discontinued operations, end of period 0us-gaap_DisposalGroupIncludingDiscontinuedOperationCashAndCashEquivalents 360.0us-gaap_DisposalGroupIncludingDiscontinuedOperationCashAndCashEquivalents
Cash and cash equivalents of continuing operations, end of period $ 1,808.6us-gaap_CashAndCashEquivalentsAtCarryingValue [1] $ 1,311.0us-gaap_CashAndCashEquivalentsAtCarryingValue
[1] As of June 30, 2014, $2,015.8 million of short-term marketable securities and $183.8 million of cash and cash equivalents are related to the Company's outstanding commercial paper borrowings (see Note 9).