Company: ADP
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0000008670-25-000047
Chunk: 23

Company: AUTOMATIC DATA PROCESSING INC
Filing Date: 2025-10-31
Form: 10-Q
Item: Part I, Item 1
Chunk 23
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 Flows from Financing Activities:  Net increase/(decrease) in client funds obligations573.1 (10,870.5)Net cash distributed from the Internal Revenue Service(11.5)(336.4)Payments of debt(0.3)(0.3)Proceeds from the issuance of debt— 988.9 Settlement of cash flow hedges— (12.5)Repurchases of common stock(366.0)(372.6)Net (repurchases)/proceeds from stock-based compensation plans and stock purchase plan(57.8)12.0 Dividends paid(626.7)(572.6)Net proceeds related to reverse repurchase agreements214.8 297.1 Net proceeds from issuance of commercial paper438.5 4,375.4 Net cash flows provided by/(used in) financing activities164.1 (6,491.5)Effect of exchange rate changes on cash, cash equivalents, restricted cash, and restricted cash equivalents(6.7)17.0 Net change in cash, cash equivalents, restricted cash, and restricted cash equivalents(1,062.9)(7,294.5)Cash, cash equivalents, restricted cash, and restricted cash equivalents, beginning of period5,054.6 10,086.0 Cash, cash equivalents, restricted cash, and restricted cash equivalents, end of period$3,991.7 $2,791.5 Reconciliation of cash, cash equivalents, restricted cash, and restricted cash equivalents to the Consolidated Balance SheetsCash and cash equivalents$2,478.0 $2,104.9 Restricted cash and restricted cash equivalents included in funds held for clients (A)1,513.7 686.6 Total cash, cash equivalents, restricted cash, and restricted cash equivalents$3,991.7 $2,791.5 Supplemental disclosures of cash flow information:Cash paid for interest$130.3 $140.7 Cash paid for income taxes, net of income tax refunds$73.8 $64.7 

(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