Company: ADP
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000008670-25-000015
Chunk: 29

Company: AUTOMATIC DATA PROCESSING INC
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 1
Chunk 29
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urchase agreements(346.2)(67.5)Net cash flows (used in)/provided by financing activities(1,916.4)9,683.8 Effect of exchange rate changes on cash, cash equivalents, restricted cash, and restricted cash equivalents(12.7)(15.7)Net change in cash, cash equivalents, restricted cash, and restricted cash equivalents(1,886.8)11,353.3 Cash, cash equivalents, restricted cash, and restricted cash equivalents, beginning of period10,086.0 8,771.5 Cash, cash equivalents, restricted cash, and restricted cash equivalents, end of period$8,199.2 $20,124.8 Reconciliation of cash, cash equivalents, restricted cash, and restricted cash equivalents to the Consolidated Balance SheetsCash and cash equivalents$2,680.6 $3,291.7 Restricted cash and restricted cash equivalents included in funds held for clients (A)5,518.6 16,833.1 Total cash, cash equivalents, restricted cash, and restricted cash equivalents$8,199.2 $20,124.8 Supplemental disclosures of cash flow information:Cash paid for interest$339.9 $260.9 Cash paid for income taxes, net of income tax refunds$836.9 $806.1 

(A) See Note 7 for a reconciliation of restricted cash and restricted cash equivalents in funds held for clients on the Consolidated Balance Sheets.

See notes to the Consolidated Financial Statements.

6

Automatic Data Processing, Inc. and Subsidiaries

Notes to the Consolidated Financial Statements

(Tabular dollars in millions, except per share amounts or where otherwise stated)

(Unaudited)

Note 1.  Basis of Presentation

The accompanying Consolidated Financial Statements and footnotes thereto of Automatic Data Processing, Inc., its subsidiaries and variable interest entity (“ADP” or the “Company”) have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The Consolidated Financial Statements and footnotes thereto are unaudited. In the opinion of the Company’s management, the Consolidated Financial Statements reflect all adjustments, which are of a normal recurring nature, that are necessary for a fair presentation of the Company’s interim financial results.The Company has a grantor trust, which holds the majority of the funds provided by its clients pending remittance to