Company: ADP
Filing Date: 2025-08-06
Form Type: 10-K
Source: 0000008670-25-000037
Chunk: 93

Company: AUTOMATIC DATA PROCESSING INC
Filing Date: 2025-08-06
Form: 10-K
Item: Item 8
Chunk 93
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 expense— — 219.3 — — — Issuances relating to stock compensation plans— — 85.3 — 63.1 — Treasury stock acquired (5.1 million shares repurchased)— — — — (1,330.9)— Dividends ($5.45 per share)— — — (2,247.8)— — Balance at June 30, 2024638.7 $63.9 $2,406.9 $23,622.2 $(19,737.1)$(1,808.3)Net earnings— — — 4,079.7 — — Other comprehensive income— — — — — 924.9 Stock-based compensation expense— — 234.9 — — — Issuances relating to stock compensation plans— — 146.5 — 73.0 — Treasury stock acquired (4.4 million shares repurchased)— — — — (1,357.3)— Dividends ($6.02 per share)— — — (2,461.3)— — Balance at June 30, 2025638.7 $63.9 $2,788.3 $25,240.6 $(21,021.4)$(883.4)

See notes to the Consolidated Financial Statements

50

Automatic Data Processing, Inc . and Subsidiaries

Statements of Consolidated Cash Flows

(In millions)

Years ended June 30, 202520242023Cash Flows from Operating Activities:  Net earnings$4,079.7 $3,752.0 $3,412.0 Adjustments to reconcile net earnings to cash flows provided by operating activities:  Depreciation and amortization582.4 561.9 549.3 Amortization of deferred contract costs1,145.3 1,067.6 992.9 Deferred income taxes37.0 (37.4)(80.1)Stock-based compensation expense266.1 243.5 220.4 Bad debt expense53.2 54.6 44.0 Net pension income(19.7)(22.9)(42.6)Net accret