Financial Statements

Automatic Data Processing, Inc. (ADP)

$208.5

-6.46 (-3.01%)
Income Statement
Balance Sheet
Cash Flow

Income Statement

All numbers are in thousands

Retained Earning Schedule

Year 2021 2020 2019 2018 2017
Retained Earnings (Previous Year) 18,43617,50115,27114,728-
Net Income 2,5992,4672,2931,6211,733
Stock Dividends -8-601,230-1413,990
Dividend Paid -1,576-1,471-1,293-1,064-995
Retained Earnings 19,45118,43617,50115,27114,728

PPE Schedule

Year 2021 2020 2019 2018 2017
Gross PPE 1,198764793779-
Annual Depreciation 4551,0505384851,250
Capital Expenditure -506-616-567-471-471
Net PPE 1,1471,198764793779

Intangible and Goodwill Schedule

Year 2021 2020 2019 2018 2017
Intangible and Goodwill (Previous Year) -1,7412,2442,3232,309
New Purchases -4,383-4,877-4,423-3,905-9,266
Intangible and Goodwill 1,7412,2442,3232,3092,338

Automatic Data Processing, Inc. income statement is the only one that provides an overview of company sales and net income
The reasoning behind the adjustment, however, is that free cash flow is meant to measure money being spent right now, not transactions that happened in the past. This makes Automatic Data Processing, Inc. FCF a useful instrument for identifying growing companies with high up-front costs, which may eat into earnings now but have the potential to pay off later.