Summary
Automatic Data Processing, Inc. (ADP) filed a Form 8-K on April 2, 2008, to furnish XBRL-formatted data from its Quarterly Report on Form 10-Q for the quarter ended December 31, 2007. This filing is primarily a technical submission to test the eXtensible Business Reporting Language (XBRL) format and its associated technology. Investors are strongly cautioned to rely on the official, previously filed Form 10-Q (filed February 11, 2008) for accurate financial information and investment decisions, as the XBRL data presented in this 8-K is unaudited and not considered official financial statements.
Key Highlights
- 1ADP is furnishing XBRL-formatted financial data from its Q3 2007 Form 10-Q.
- 2The filing's primary purpose is to test XBRL formatting and related technology.
- 3The XBRL data is explicitly stated as unaudited and not official financial statements.
- 4Investors should continue to rely on the officially filed Form 10-Q (filed February 11, 2008).
- 5Information in this 8-K is not deemed 'filed' for liability purposes under Section 18 of the Exchange Act.
- 6The filing includes XBRL versions of Statements of Consolidated Earnings, Consolidated Balance Sheets, and Statements of Consolidated Cash Flows.
- 7This report is informational and intended for technological testing rather than presenting new financial performance data.
Frequently Asked Questions
The main purpose of this filing is to provide financial information from ADP's Quarterly Report on Form 10-Q for the quarter ended December 31, 2007, in XBRL format for the purpose of testing the XBRL format and related technology. It is not intended to present new financial performance information.
No, investors should not rely on the information presented in this 8-K filing for investment decisions. The filing explicitly states that the XBRL data is unaudited and not the official publicly filed financial statements. Investors should continue to rely on the official Form 10-Q filed on February 11, 2008.
The XBRL-formatted documents attached as Exhibit 100 include the Statements of Consolidated Earnings for the three and six months ended December 31, 2007 and 2006, the Consolidated Balance Sheets at December 31, 2007 and June 30, 2007, and the Statements of Consolidated Cash Flows for the six months ended December 31, 2007 and 2006.
No, according to Rule 402 of Regulation S-T, the information in this 8-K filing, including Exhibit 100, is not considered 'filed' for the purposes of Section 18 of the Securities Exchange Act of 1934. Therefore, it does not subject the company to the liability provisions of that section and will not be incorporated by reference into other SEC filings without specific mention.