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% | |