Company: ADP
Filing Date: 2025-08-06
Form Type: 10-K
Source: 0000008670-25-000037
Chunk: 94

Company: AUTOMATIC DATA PROCESSING INC
Filing Date: 2025-08-06
Form: 10-K
Item: Item 8
Chunk 94
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ion of discounts and amortization of premiums on available-for-sale securities(72.2)(42.6)23.0 Other13.4 (1.7)27.4 Changes in operating assets and liabilities:  (Increase)/decrease in accounts receivable(146.6)(483.7)129.2 Increase in deferred contract costs(1,290.3)(1,271.2)(1,189.2)Increase in other assets(59.8)(157.2)(168.2)Increase/(decrease) in accounts payable60.6 1.8 (11.8)Increase in accrued expenses and other liabilities290.6 492.9 301.3 Net cash flows provided by operating activities4,939.7 4,157.6 4,207.6 Cash Flows from Investing Activities:  Purchases of corporate and client funds marketable securities(7,857.9)(6,835.3)(6,618.8)Proceeds from the sales and maturities of corporate and client funds marketable securities6,539.1 6,039.5 4,705.5 Capital expenditures(168.7)(208.4)(206.3)Additions to intangibles(378.3)(355.0)(365.3)Acquisitions of businesses, net of cash acquired(1,165.1)(33.6)(32.4)Proceeds from the sale of property, plant, and equipment and other assets10.8 28.3 — Other(14.9)(24.5)— Net cash flows used in investing activities(3,035.0)(1,389.0)(2,517.3)Cash Flows from Financing Activities:  Net (decrease)/increase in client funds obligations(8,274.0)1,014.1 (12,701.6)Net cash (distributed)/received from the Internal Revenue Service(552.2)602.7 — Payments of debt(1,001.2)(0.9)(1.0)Proceeds from the issuance of debt1,980.3 — — Settlement of cash flow hedges(15.6)— — Repurchases of common stock(1,280.5)(1,231.7)(1,121.4)Net proceeds from stock purchase plan and