Company: ADP
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000008670-25-000015
Chunk: 95

Company: AUTOMATIC DATA PROCESSING INC
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 8
Chunk 95
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 useful economic lives of the intangible assets that are expected to contribute directly or indirectly to the future cash flows. The estimated fair value of intangible assets and related useful lives as included in the estimated purchase price allocation include:Estimated Fair ValueEstimated Useful Life (in years)Technology$115.0 7Customer/Partner relationships$170.0 8Tradename$7.0 4The goodwill recorded as a result of the WorkForce Software transaction represents future economic benefits the Company expects to achieve as a result of the acquisition, including expected synergies along with the value of the assembled workforce. None of the goodwill resulting from the acquisition is tax deductible.

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Note 5.  Earnings per Share (“EPS”)BasicEffect of Employee Stock Option SharesEffect ofEmployeeRestrictedStockSharesDilutedThree Months Ended March 31, 2025    Net earnings$1,249.5   $1,249.5 Weighted average shares (in millions)406.9 0.6 1.0 408.5 EPS$3.07   $3.06 Three Months Ended March 31, 2024    Net earnings$1,184.9   $1,184.9 Weighted average shares (in millions)410.5 0.7 0.9 412.1 EPS$2.89   $2.88 Nine Months Ended March 31, 2025Net earnings$3,169.0   $3,169.0 Weighted average shares (in millions)407.5 0.7 0.9 409.1 EPS$7.78   $7.75 Nine Months Ended March 31, 2024    Net earnings$2,922.7   $2,922.7 Weighted average shares (in millions)411.1 0.8 1.7 413.6 EPS$7.11   $7.07 

For the three and nine months ended March 31, 2025 and 2024, there were no stock options excluded from the calculation of diluted earnings per share due to anti-dilution. 

Note 6. Other (Income)/Expense, NetThree Months EndedNine Months EndedMarch 31,March 31,2025202420252024Interest income on corporate funds$(55