Common-Size Income Statement

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Automatic Data Processing Inc., Common-Size Consolidated Income Statement

 
12 months ended Jun 30, 2017 Jun 30, 2016 Jun 30, 2015 Jun 30, 2014 Jun 30, 2013 Jun 30, 2012
Revenues, other than interest on funds held for clients and PEO revenues 68.81    70.57    72.48    78.44    78.94    78.87   
Interest on funds held for clients 3.21    3.23    3.45    3.06    3.72    4.63   
Professional Employer Organization (PEO) revenues 27.98    26.20    24.07    18.50    17.34    16.50   
Revenues 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Operating expenses -51.83    -51.64    -51.43    -51.19    -50.77    -50.45   
Systems development and programming costs -5.07    -5.17    -5.44    -5.88    -5.79    -5.62   
Depreciation and amortization -1.83    -1.81    -1.89    -2.09    -2.24    -2.44   
Costs of revenues -58.72% -58.63% -58.76% -59.16% -58.79% -58.51%
Gross profit from continuing operations 41.28% 41.37% 41.24% 40.84% 41.21% 41.49%
Selling, general, and administrative expenses -22.48    -22.60    -22.83    -22.63    -23.17    -23.12   
Separation costs –    –    –    -0.12    –    –   
Goodwill impairment –    –    –    –    -0.38    –   
Operating income 18.80% 18.77% 18.41% 18.09% 17.66% 18.37%
Interest expense -0.65    -0.48    -0.06    -0.05    -0.08    -0.07   
Interest income on corporate funds 0.62    0.53    0.52    0.46    0.57    0.80   
Realized gains on available-for-sale securities 0.04    0.04    0.06    0.17    0.28    0.30   
Realized losses on available-for-sale securities -0.03    -0.09    -0.02    -0.03    -0.03    -0.07   
Gain on sale of notes receivable –    –    0.01    –    –    –   
Gain on sale of businesses 1.66    0.25    –    –    –    –   
Impairment losses on available-for-sale securities –    –    –    –    –    -0.05   
Impairment losses on assets held for sale –    –    –    –    –    -0.02   
Gain on sale of building –    0.12    –    –    0.02    –   
Gain on sale of assets –    –    –    –    –    0.62   
Other, net –    –    –    0.00    0.01    0.03   
Other income, net 2.30% 0.86% 0.58% 0.60% 0.85% 1.60%
Earnings from continuing operations before income taxes 20.45% 19.15% 18.93% 18.63% 18.43% 19.90%
Provision for income taxes -6.44    -6.35    -6.35    -6.32    -6.37    -6.88   
Net earnings from continuing operations 14.00% 12.80% 12.58% 12.31% 12.06% 13.02%
Net earnings (loss) from discontinued operations –    -0.01    0.69    0.11    0.37    –   
Net earnings 14.00% 12.79% 13.28% 12.42% 12.43% 13.02%

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