ADP, LLC aka Automatic Data Processing outsourcing solutions 2004 annual report.
Background:
ADP, LLC., is an American provider of business outsourcing solutions. It was also a provider of computing services to automobile and heavy equipment dealers, but spun off those businesses in 2014. ADP was formerly one of four American companies to get a AAA credit rating from Standard & Poor's (S&P) and Moody's, but S&P and Moody's downgraded ADP to AA in April 2014, after the dealer services unit spin off.

In 1949 Henry Taub founded Automatic Payrolls, Inc. as a manual payroll processing business with his brother Joe Taub. Frank Lautenberg joined the brothers in the company's infancy. In 1952, Lautenberg became Chairman and CEO of the company. In 1957, the company changed its name to Automatic Data Processing, Inc. (ADP), and began using punched card machines, check printing machines, and mainframe computers. ADP went public in 1961 with 300 clients, 125 employees and revenues of approximately US$400,000. The company established a subsidiary in the United Kingdom in 1965 and acquired the pioneering online computer services company Time Sharing Limited (TSL) in 1974. Lautenberg continued in his roles as Chairman and CEO until elected to the United States Senate from New Jersey in 1982.

From 1985 onward, ADPs annual revenues exceeded the $1 billion mark, with paychecks processed for about 20% of the U.S. workforce. In the 1990s, ADP began acting as a professional employer organization (PEO). Around this time, the company acquired Autonom, a German company, Kerridge Computer Co. Ltd., a dealer management systems (DMS) provider to auto dealers in the UK, and the payroll and human resource services company, GSI, headquartered in Paris.

In September 1998, ADP acquired UK-based Chessington Computer Centre that supplied administration services to the UK Government. In 2007, the ADP Brokerage Service Group was spun off to form Broadridge Financial Solutions, Inc. (NYSE: BR), removing about US$2 billion from ADP's total yearly revenue. ADP distributed one share of Broadridge common stock for every four shares of ADP common stock held by shareholders of record as of the close of business on March 23, 2007. ADP is sponsor of the ADP National Employment Report as well as the ADP Small Business Report.

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Mint - An item that is new with no signs of shelf wear. Annual report or magazine cover will be crisp and the colors bright without tears or marks; the edges and spine will be clean, straight with no bends and pages will be clean and crisp. A collectible has no chips, stains, tears, missing parts, and come with original packaging if applicable.

Very Good - An item that is close to being new-like but has a few blemishes. Item may present normal shelf wear from storage. Annual report or magazine with shelf wear will reduce the item from truly new-like appearance but will still be a fine item to read and retain. Overall, items will have minor blemishes such as small tears or creases. A collectible may present some wear from storage, but do not have any chips, tears, stains, or missing parts. A collectible that no longer has it's original box/packaging and has no flaws or defects will reflect new-like appearance will be considered "Very Good".

Good - An item that shows wear (and maybe tears). There may be markings, damage to a few pages, or very soiled cover. Overall, the annual report or magazine is still a good read. A collectible shows wear from age or storage. There may be markings, scratches, stains, tears, or fading paint. A collectible looks like it has been used/played with, and is still a good representation of the original item.

Fair - An item that shows heavy wear. Annual report or magazine has all it's pages, but there may be marks on the cover or inside pages, pages have been underlined in ink, or the soft cover has been significantly torn. "Fair" books frequently have been heavily used. A report or magazine with water damage on numerous pages is generally classified as fair. A collectible has fading or chipped paint, stains, scratches, is torn or creased, may have missing parts, and has been heavily used. Fair quality items can be a great bargain.

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Excellent, some wear from storage.