AUTOMATIC DATA PROCESSING, INC. ADP Balance Sheet

Automatic data processing, inc. (ADP)

Balance Sheet / Yearly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Dec'09	Sep'09	Jun'09
Assets
Current assets:
Cash and cash equivalents
1,705	1,500	1,403	1,949	1,826	2,785	1,490	2,170	2,293	1,773	2,363	2,780	2,995	2,705	2,776	3,191	2,941	2,794	3,184	1,639	1,808	1,850	2,175	1,584	1,671	1,267	1,149	1,699	1,647	1,390	1,117	1,548	1,665	1,331	1,248	1,389	1,600	1,305	1,176	1,643	1,741	1,582	2,265
Short-term marketable securities
3	7	3,545	10	-	-	-	-	-	-	-	-	-	-	41	-	23	26	27	26	26	101	2,261	2,032	22	22	541	28	32	43	35	30	28	23	19	36	43	36	40	27	40	36	30
Accounts receivable, net of allowance for doubtful accounts of $84.8 and $54.9, respectively
2,620	2,587	2,490	2,439	2,485	2,638	2,216	1,984	2,043	2,045	1,788	1,703	1,811	1,839	1,620	1,742	2,074	1,634	1,565	1,546	1,580	1,595	1,390	1,498	1,835	1,730	1,585	1,595	1,723	1,604	1,463	1,391	1,372	1,353	1,236	1,364	1,293	1,136	1,161	1,127	1,089	994	1,050
Other current assets
545	660	675	509	534	653	846	531	730	1,079	1,164	883	820	837	898	725	728	867	890	731	674	860	827	689	759	866	823	646	693	754	756	631	643	659	667	648	680	662	638	673	673	825	918
Assets held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	6	6	6	9	9	9	12	12	12	11	-	-	12
Assets of discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	2,430	0	-	-	16	0	0	125	125	-	-	-	-	-	-	-	-	6	6	8
Total current assets before funds held for clients
4,874	4,756	8,115	4,908	4,845	6,076	4,553	4,685	5,067	4,898	5,316	5,367	5,627	5,381	5,337	5,659	5,767	5,323	5,667	3,943	4,090	4,409	6,654	8,235	4,288	3,886	4,099	3,985	4,096	3,793	3,505	3,733	3,716	3,377	3,181	3,447	3,631	3,153	3,028	3,484	3,551	3,445	4,286
Funds held for clients
30,834	36,608	21,393	29,434	36,078	25,605	25,402	27,137	33,646	34,451	25,686	27,291	33,887	30,426	24,787	33,841	41,051	30,336	24,508	24,865	28,702	34,707	19,138	19,258	26,243	28,414	16,935	22,228	30,336	23,759	20,467	21,539	29,836	23,349	19,272	25,135	32,451	24,218	22,650	18,832	21,375	16,272	16,419
Total current assets
35,708	41,365	29,508	34,342	40,924	31,682	29,955	31,823	38,714	39,350	31,002	32,658	39,514	35,808	30,124	39,500	46,819	35,659	30,176	28,809	32,792	39,116	25,793	27,493	30,532	32,301	21,035	26,214	34,433	27,552	23,972	25,272	33,553	26,727	22,454	28,583	36,083	27,371	25,679	22,316	24,926	19,718	20,705
Long-term marketable securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	7	-	7	21	21	28	29	46	46	54	54	59	2,549	314	77	82	522	86	96	98	99	98	96	99	99	104	90	99	92
Long-term receivables, net of allowance for doubtful accounts of $0.6 and $0.4, respectively
21	21	22	23	25	25	25	25	27	27	27	28	27	24	26	27	27	31	32	32	31	32	32	155	148	147	140	138	136	135	130	129	127	125	124	128	125	127	126	129	142	147	162
Property, plant and equipment, net
743	761	767	764	765	772	787	793	794	799	800	779	750	733	701	685	668	679	680	672	646	650	650	667	767	739	735	728	716	712	703	706	710	707	708	716	685	676	664	673	707	723	734
Operating lease right-of-use asset
521	500	504	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred contract costs
2,403	2,397	2,401	2,428	2,361	2,338	2,352	2,377	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other assets
579	596	1,129	934	740	739	1,053	699	1,391	1,371	1,386	1,352	1,242	1,228	1,225	1,241	1,399	1,341	1,309	1,270	1,324	1,325	1,326	1,315	1,355	1,320	1,286	1,189	1,089	1,075	1,041	871	1,001	964	949	922	815	823	835	712	761	780	702
Goodwill
2,299	2,314	2,303	2,323	2,316	2,321	2,325	2,243	2,263	2,164	1,757	1,741	1,726	1,652	1,698	1,682	1,689	1,671	1,684	1,793	1,785	1,833	1,857	1,883	3,102	3,108	3,095	3,039	3,068	3,100	3,088	3,062	3,163	3,130	2,997	3,073	3,072	2,878	2,789	2,383	2,413	2,409	2,375
Intangible assets, net
1,106	1,102	1,078	1,071	1,062	926	917	886	875	832	687	620	594	552	553	534	513	495	476	503	498	499	500	491	636	644	639	643	644	670	683	688	723	731	686	715	718	682	684	542	558	557	578
Total assets
43,383	49,059	37,714	41,887	48,196	38,806	37,416	38,849	44,065	44,545	35,661	37,180	43,855	39,999	34,337	43,670	51,125	39,899	34,380	33,110	37,107	43,503	30,208	32,059	36,596	38,321	29,481	32,268	40,166	33,330	30,144	30,817	39,376	32,484	28,020	34,238	41,596	32,660	30,878	26,862	29,598	24,436	25,351
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable
115	132	108	125	156	151	131	135	105	136	112	149	126	137	117	152	158	138	146	194	130	136	146	152	145	140	148	156	149	141	138	167	137	137	123	153	131	116	132	150	101	94	130
Accrued expenses and other current liabilities
1,978	2,051	1,994	1,759	1,678	2,057	1,603	1,547	1,505	1,583	1,440	1,381	1,336	1,420	1,279	1,246	1,344	1,121	1,252	1,159	1,238	1,163	1,127	1,186	1,212	1,193	1,169	1,178	1,137	1,163	1,044	1,062	930	963	869	930	700	726	697	771	728	725	777
Accrued payroll and payroll-related expenses
564	428	443	721	607	445	446	667	595	496	441	562	527	444	413	616	514	491	405	627	490	502	436	607	568	560	438	631	511	524	411	597	517	447	384	558	531	423	388	448	386	361	402
Dividends payable
387	389	339	340	340	341	298	298	275	275	249	250	251	253	237	238	238	239	225	226	228	232	228	226	227	226	205	206	207	206	187	188	190	189	172	174	176	174	164	164	167	162	162
Short-term deferred revenues
215	210	213	220	228	224	229	225	235	227	230	232	227	215	220	233	243	215	218	228	241	232	232	237	336	302	302	314	324	298	298	312	343	325	325	350	378	337	330	321	326	323	329
Obligations under reverse repurchase agreements (A)
0	0	428	262	-	-	453	0	-	0	129	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	340	245	-	13	442	0	-	-	-	-	-	-	-	-	-	-	-
Commercial Paper
-	-	3,536	-	-	1,206	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	1,937	2,173	-	-	2,477	0	-	-	-	-	-	-	-	-	-	-	-	-	0	0	730
Short-term debt
1,001	1,001	1,001	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income taxes payable
50	38	123	54	99	29	75	43	80	22	87	49	133	82	101	28	68	23	99	27	56	41	115	19	95	15	98	39	85	25	95	39	97	45	84	28	40	32	143	60	40	143	230
Liabilities of discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	601	0	-	-	4	0	0	29	29	-	-	-	-	-	-	-	-	-	-	7
Total current liabilities before client funds obligations
4,313	4,252	8,189	3,483	3,110	4,454	3,238	2,919	2,797	2,742	2,690	2,626	2,601	2,553	2,370	2,515	2,569	2,230	2,347	2,463	2,386	2,309	4,224	5,204	2,585	2,439	5,181	2,776	2,415	2,373	2,649	2,396	2,216	2,107	1,959	2,195	1,958	1,810	1,855	1,915	-1,751	-1,810	2,770
Client funds obligations
30,359	36,269	21,011	29,144	36,055	25,842	25,798	27,493	33,943	34,508	25,596	27,189	33,816	30,402	24,349	33,331	40,681	30,237	24,240	24,650	28,328	34,461	18,935	18,963	25,992	28,205	16,718	21,956	29,703	23,064	19,701	20,856	29,207	22,690	18,552	24,591	32,015	23,682	21,821	18,136	-20,809	-15,633	15,992
Total current liabilities
34,672	40,522	29,200	32,627	39,166	30,296	29,037	30,412	36,741	37,250	28,286	29,815	36,418	32,956	26,719	35,847	43,250	32,468	26,587	27,113	30,714	36,770	23,159	24,167	28,578	30,645	21,899	24,732	32,118	25,438	22,351	23,252	31,423	24,797	20,511	26,786	33,974	25,492	23,677	20,052	22,560	17,444	18,763
Long-term debt
1,002	1,003	1,003	2,002	2,002	2,002	2,002	2,002	2,002	2,002	2,002	2,002	2,002	2,002	2,007	2,007	2,007	1,994	1,995	9	9	10	10	11	12	12	14	14	15	15	16	16	17	25	26	34	34	35	35	39	41	42	42
Operating lease liabilities
361	360	355	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other liabilities
745	726	707	798	759	752	736	728	795	824	835	830	836	770	734	701	707	675	648	644	621	629	616	619	627	623	612	603	599	610	606	585	585	605	582	556	551	530	512	528	444	461	477
Deferred income taxes
732	702	708	659	615	580	533	522	105	148	196	163	108	85	244	251	281	192	162	172	228	238	230	215	253	285	271	234	383	385	411	381	418	409	415	373	381	361	431	306	328	350	254
Long-term deferred revenues
378	381	378	399	406	410	428	448	391	387	387	391	386	369	381	381	375	362	356	362	355	362	363	375	509	496	490	493	488	484	466	466	474	464	465	477	459	464	465	456	475	484	491
Total liabilities
37,892	43,695	32,354	36,487	42,950	34,042	32,737	34,113	40,036	40,614	31,707	33,203	39,752	36,184	30,087	39,188	46,622	35,693	29,750	28,302	31,929	38,010	24,380	25,389	29,980	32,063	23,288	26,078	33,605	26,934	23,851	24,703	32,919	26,302	22,001	28,227	35,401	26,884	25,122	21,383	23,851	18,782	20,029
Commitments and contingencies (Note 13)
-	-	-	-	-	-	0	-	0	0	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-
Stockholders' equity:
Preferred stock, $1.00 par value: authorized, 0.3 shares; issued, none
0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Common stock, $0.10 par value: authorized, 1,000.0 shares; issued, 638.7 shares at March 31, 2020 and June 30, 2019; outstanding, 429.8 and 434.2 shares at March 31, 2020 and June 30, 2019, respectively
63	63	63	63	63	63	63	63	63	63	63	63	63	63	63	63	63	63	63	63	63	63	63	63	63	63	63	63	63	63	63	63	63	63	63	63	63	63	63	63	63	63	63
Capital in excess of par value
1,315	1,253	1,213	1,183	1,140	1,076	1,035	1,014	964	903	869	867	833	784	750	768	735	694	659	663	614	584	565	545	513	474	436	456	451	439	476	486	484	479	466	489	479	464	460	493	468	470	520
Retained earnings
18,416	17,987	17,729	17,500	17,368	16,959	16,741	16,546	15,466	15,060	14,872	14,728	14,717	14,384	14,130	14,003	13,957	13,666	13,568	13,460	13,348	13,090	12,990	13,632	13,575	13,285	13,139	13,020	13,003	12,732	12,552	12,438	12,371	12,112	11,930	11,803	11,739	11,495	11,362	11,252	10,979	10,835	10,716
Treasury stock - at cost: 208.9 and 204.5 shares at March 31, 2020 and June 30, 2019, respectively
14,070	13,709	13,412	13,090	12,914	12,720	12,421	12,209	11,826	11,663	11,508	11,303	10,998	10,851	10,448	10,138	10,093	9,839	9,414	9,118	8,711	8,131	7,717	7,750	7,577	7,575	7,517	7,366	7,166	7,154	7,149	7,104	6,822	6,812	6,848	6,714	6,287	6,445	6,513	6,539	6,075	6,054	6,133
Accumulated other comprehensive loss
-234	-231	-233	-257	-411	-615	-740	-679	-638	-432	-344	-379	-513	-566	-246	-215	-160	-379	-247	-260	-137	-114	-74	178	41	10	70	15	209	314	349	230	359	339	406	367	198	197	382	209	311	339	156
Total stockholders’ equity
5,490	5,364	5,360	5,399	5,246	4,763	4,678	4,735	4,029	3,931	3,953	3,977	4,103	3,815	4,250	4,481	4,503	4,206	4,630	4,808	5,178	5,492	5,827	6,670	6,616	6,258	6,192	6,189	6,561	6,395	6,292	6,114	6,456	6,182	6,019	6,010	6,194	5,775	5,756	5,478	5,747	5,654	5,322
Total liabilities and stockholders’ equity
43,383	49,059	37,714	41,887	48,196	38,806	37,416	38,849	44,065	44,545	35,661	37,180	43,855	39,999	34,337	43,670	51,125	39,899	34,380	33,110	37,107	43,503	30,208	32,059	36,596	38,321	29,481	32,268	40,166	33,330	30,144	30,817	39,376	32,484	28,020	34,238	41,596	32,660	30,878	26,862	29,598	24,436	25,351
Preferred stock, par value (in US$ per share)
1.00	-	-	1.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Preferred stock, shares authorized (in shares)
0	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Preferred stock, shares issued (in shares)
0	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common stock, shares issued (in shares)
638	-	-	638	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common stock, par value (in US$ per share)
0.10	-	-	0.10	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common stock, shares authorized (in shares)
1,000	-	-	1,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Short-term marketable securities under reverse repurchase agreements
-	-	-	-	-	-	-	-	-	-	110	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long-term Marketable Securities Under Reverse Repurchase Agreements
-	-	428	-	-	-	-	-	-	-	19	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash And Cash Equivalents Under Reverse Repurchase Agreements
-	-	0	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Short-term Marketable Securities under Commercial Paper borrowings
-	-	3,535	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Securities for Reverse Repurchase Agreements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	439	-	-	-	-	-	-	-	-	-	-	-	-
Cash Collateral for Borrowed Securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3	-	-	-	-	-	-	-	-	-	-	-	-