Automatic Data Processing (ADP) FY2022 results: revenue $16.5 billion, up 9.9% on the year
Automatic Data Processing Inc. (ADP) reported revenue of $16.5 billion for fiscal 2022, the year ended 30 June 2022, up 9.9% on the year before. Net income was $2.9 billion, up 13.5%, and diluted earnings per share $7.00. The figures are the company's own, from the 10-K it filed with the SEC on 3 August 2022.
Revenue
$16.5 billion
+9.9% on the year
FY2015FY2022
Operating margin
22.6%
21.8% a year earlier
FY2015FY2022
Net income
$2.9 billion
+13.5% on the year
FY2015FY2022
Diluted EPS
$7.00
+15.3% on the year
FY2015FY2022
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
3,100
3,093
3,026
+0.2%
Capital expenditure
174
179
173
-2.4%
Free cash flow
2,925
2,915
2,854
+0.4%
Free cash flow margin
17.7%
19.4%
19.6%
Cash from investing
-7,014
-3,515
3,156
Cash from financing
13,653
6,438
-5,891
+112.1%
Depreciation and amortisation
515
511
480
+0.9%
Share-based compensation
202
175
131
+15.1%
Buybacks
1,969
1,372
1,006
+43.5%
Dividends paid
1,659
1,576
1,470
+5.3%
Dividend per share
$4.05
$3.70
$3.52
+9.5%
Diluted shares, weighted
421m
428m
433m
-1.6%
Shares outstanding at period end
416m
424m
430m
-1.8%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
3,225
5,670
5,752
-43.1%
Debt
3,124
3,008
2,018
+3.8%
Operating lease liabilities
371
343
344
+8.1%
Other liabilities
56,348
39,751
31,051
+41.8%
Total liabilities and equity
63,068
48,772
39,166
+29.3%
Fixed assets
653
684
704
-4.7%
Goodwill
2,300
2,338
2,309
-1.6%
Intangible assets
1,333
1,210
1,216
+10.2%
Investments
169
33.9
13.6
+398.8%
Cash and equivalents
1,436
2,575
1,908
-44.2%
Receivables
3,171
2,727
2,441
+16.2%
Other assets
54,006
39,203
30,573
+37.8%
Total assets
63,068
48,772
39,166
+29.3%
10-K for the year ended 30 June 2022, filed 3 August 2022: the filing.