Automatic Data Processing, Inc.

NasdaqGS-ADP

Operating Activities	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Net Income	4,136.4	4,079.7	3,998.3	3,933.7	3,848.9	3,752
Net Earnings
Depreciation & Amortization	1,753	1,727.7	1,697	1,676.8	1,645.7	1,629.5
Depreciation and Amortization
Amortization of Deferred Contract Costs
Stock Based Compensation	264.2	266.1	257.3	250.8	245.3	243.5
Stock-Based Compensation Expense
Other Adjustments	1,191.1	1,157	1,096.1	1,065.4	1,052.9	1,017.6
Deferred Income Taxes
Bad Debt Expense
Net Pension Income
Net Accretion of Discounts and Amortization of Premiums on Available-for-Sale Securities
Impairment of Assets
Gain on Sale of Assets
Gain on Sale of Divested Businesses, Net of Tax
Other
Amortization of Deferred Contract Costs
Changes in Trade Receivables	-160	-146.6	-126.2	-196.1	-260.4	-483.7
Change in Accounts Receivable
Changes in Accounts Payable	-25.4	60.6	52.9	103.2	80.2	1.8
Change in Accounts Payable
Changes in Accrued Expenses	237.8	290.6	332.8	459.5	478.1	492.9
Change in Accrued Expenses and Other Liabilities
Changes in Other Operating Activities	-1,477	-1,350.1	-1,382.5	-1,413.1	-1,348.5	-1,428.4
Change in Deferred Contract Costs
Change in Other Assets
Proceeds from the Sale of Notes Receivable
Operating Activities of Discontinued Operations
Cash from Operating Activities	4,757.6	4,939.7	4,801.1	4,773.4	4,655.5	4,157.6
Net Cash Flows Provided by Operating Activities

Investing Activities	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Capital Expenditure	-156.6	-168.7	-189.3	-212.5	-227.9	-208.4
Capital Expenditures
Proceeds from Sale of Property, Plant & Equipment	12.9	10.8	9.7	7.8	10.6	28.3
Proceeds from the Sale of Property, Plant, and Equipment and Other Assets
Purchases of Intangible Assets	-391.5	-378.3	-368.6	-365	-348.9	-355
Additions to Intangibles
Purchases of Investments	-8,690.8	-7,857.9	-8,126	-9,520.5	-8,896.8	-6,835.3
Purchases of Corporate and Client Funds Marketable Securities
Proceeds from Sale of Investments	7,168.3	6,539.1	6,197.8	7,060.4	6,674.3	6,039.5
Proceeds from the Sales and Maturities of Corporate and Client Funds Marketable Securities
Payments for Business Acquisitions	-1,166.9	-1,165.1	—	—	—	-33.6
Acquisitions of Businesses, Net of Cash Acquired
Proceeds from Business Divestments	—	—	—	—	—	—
Proceeds from the Sale of Divested Businesses
Other Investing Activities	—	-14.9	—	—	—	-24.5
Change in Restricted Cash and Cash Equivalents Held to Satisfy Client Funds Obligations
Dividend Received from CDK Global, Inc.
Cash Retained by CDK Global, Inc.
Investing Activities of Discontinued Operations
Other
Cash from Investing Activities	-3,253.2	-3,035	-3,675.4	-4,213.5	-2,817.3	-1,389
Net Cash Flows Provided by Investing Activities

Financing Activities	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Issuance of Short-Term Debt	3,217.4	4,769.5	—	—	—	—
Net Proceeds from Issuance of Commercial Paper
Net Issuance / (Repayments) of Short-Term Debt	3,217.4	4,769.5	—	—	—	—
Issuance of Long-Term Debt	1,981.6	1,980.3	—	—	—	—
Proceeds from the Issuance of Debt
Repayments of Long-Term Debt	-1,001.2	-1,001.2	-1.1	-1	-1	-0.9
Payments of Debt
Net Issuance / (Repayments) of Long-Term Debt	980.4	979.1	-1.1	-1	-1	-0.9
Issuance of Common Shares	61.2	131	111.3	103.3	95.8	47.2
Net Proceeds from Stock-Based Compensation Plans and Stock Purchase Plan
Repurchases of Common Shares	-1,273.9	-1,280.5	-1,392	-1,371.9	-1,354.3	-1,231.7
Repurchases of Common Stock
Net Issuance / (Repurchases) of Common Shares	-1,212.7	-1,149.5	-1,280.7	-1,268.6	-1,258.5	-1,184.5
Common Share Dividends Paid	-2,453	-2,398.9	-1,848.2	-2,296.1	-2,239.9	-2,183.1
Dividends Paid
Other Financing Activities	2,517.3	-9,173.6	-10,388.3	4,824	-8,138.2	1,936.8
Net Increase in Client Funds Obligations
Net Cash Distributed from the Internal Revenue Service
Settlement of Cash Flow Hedges
Net Proceeds Related to Reverse Repurchase Agreements
Other
Financing Activities of Discontinued Operations
Cash from Financing Activities	-317.8	-6,973.4	-13,031.9	2,234.7	-6,019.5	-1,431.7
Net Cash Flows Provided by Financing Activities