Automatic Data Processing Inc.
Income Statement
| Line Item | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $13.33B | $12.38B | $11.67B | $10.94B | $10.23B | $9.44B | $10.60B | $9.83B |
| Employer Services | $10.06B | $9.54B | $9.21B | — | — | — | — | — |
| PEO Services | $3.90B | $3.48B | $3.07B | — | — | — | — | — |
| Other/Eliminations | $-628.6M | $-639.0M | $-617.2M | — | — | — | — | — |
| Cost of Revenue | $7.76B | $7.24B | — | — | — | — | — | — |
| Gross Profit | $5.57B | $5.14B | — | — | — | — | — | — |
| Gross Margin | 41.8% | 41.5% | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $2.96B | $2.77B | $2.64B | $2.50B | $2.37B | $2.20B | $2.45B | $2.31B |
| Operating Income | $2.39B | $2.70B | $2.29B | $2.08B | $1.89B | $1.72B | $2.11B | $1.93B |
| Operating Margin | 17.9% | 21.8% | 19.6% | 19.0% | 18.4% | 18.2% | 19.9% | 19.6% |
| Interest Expense | $102.7M | $80.0M | $56.2M | $6.5M | $6.1M | $9.1M | $7.7M | $8.6M |
| Pretax Income | $2.28B | $2.62B | $2.23B | $2.07B | $1.88B | $1.71B | $2.10B | $1.92B |
| Income Tax Expense | $397.7M | $829.1M | $741.3M | $694.2M | $636.6M | $587.9M | $726.5M | $673.0M |
| Net Income | $1.88B | $1.79B | $1.49B | $1.45B | $1.52B | $1.41B | $1.39B | $1.25B |
| Net Margin | 14.1% | 14.4% | 12.8% | 13.3% | 14.8% | 14.9% | 13.1% | 12.8% |
| EPS (Basic) | $4.28 | $3.99 | $3.27 | $3.07 | $3.17 | $2.91 | $2.85 | $2.54 |
| EPS (Diluted) | $4.25 | $3.97 | $3.25 | $3.05 | $3.14 | $2.89 | $2.82 | $2.52 |
| Shares Outstanding (Basic) | 440.6M | 447.8M | 457.0M | 472.6M | 478.9M | 482.7M | 487.3M | 493.5M |
| Shares Outstanding (Diluted) | 443.3M | 450.3M | 459.1M | 475.8M | 483.1M | 487.1M | 492.2M | 498.3M |
| Dividends Per Share | $2.52 | $2.24 | $2.08 | $1.95 | $1.88 | $1.70 | $1.55 | $1.42 |