Company: ADP
Filing Date: 2025-08-06
Form Type: 10-K
Source: 0000008670-25-000037
Chunk: 95

Company: AUTOMATIC DATA PROCESSING INC
Filing Date: 2025-08-06
Form: 10-K
Item: Item 8
Chunk 95
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 stock-based compensation plans131.0 47.2 91.6 Dividends paid(2,398.9)(2,183.1)(1,903.6)Net (payments)/proceeds related to reverse repurchase agreements(331.8)320.0 (44.7)Net proceeds from issuance of commercial paper4,769.5 — — Net cash flows used in financing activities(6,973.4)(1,431.7)(15,680.7)Effect of exchange rate changes on cash, cash equivalents, restricted cash, and restricted cash equivalents37.3 (22.4)(21.1)Net change in cash, cash equivalents, restricted cash, and restricted cash equivalents(5,031.4)1,314.5 (14,011.5)Cash, cash equivalents, restricted cash, and restricted cash equivalents, beginning of year10,086.0 8,771.5 22,783.0 Cash, cash equivalents, restricted cash, and restricted cash equivalents, end of year$5,054.6 $10,086.0 $8,771.5 Reconciliation of cash, cash equivalents, restricted cash, and restricted cash equivalents to the Consolidated Balance SheetsCash and cash equivalents$3,347.8 $2,913.4 $2,083.5 Restricted cash and restricted cash equivalents included in funds held for clients (A)1,706.8 7,172.6 6,688.0 Total cash, cash equivalents, restricted cash, and restricted cash equivalents$5,054.6 $10,086.0 $8,771.5 Supplemental disclosures of cash flow information:Cash paid for interest$426.8 $353.9 $246.5 Cash paid for income taxes, net of income tax refunds$1,198.0 $1,185.2 $1,080.7 

(A) See Note 5 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.

51

Automatic Data Processing, Inc. and Subsidiaries

Notes to the Consolidated Financial Statements

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

NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

A.