Automatic Data Processing, Inc.
1996 Annual Report
The Future is
global information processing, worldwide data transmission, client service without borders
The Future is here.
The Future is ADP.
Table of Contents
On the Cover
About ADP
Financial Highlights
1996 Significant Events
Letters to Shareholders
Employer Services
Brokerage Services
Dealer Services
Claims Services
ADP International
Selected Financial Data
Management's Discussion and Analysis
Statements of Consolidated Earnings
Consolidated Balance Sheets
Statements of Consolidated Shareholders' Equity
Statements of Consolidated Cash Flows
Notes to Consolidated Financial Statements
Report of Management
Independent Auditors' Report
Directors and Corporate Officers
Corporate Information