10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
AUTOMATIC DATA PROCESSING INC | ||
Ticker: ADP Fiscal Year: 2021 | ||
Consolidated Balance Sheets | ||
Period Ending June 30, 2021 10-K (Filed: Aug 4, 2021) | ||
| (In Thousands, except shares in actual) | ||
| As of | As of | |
| June 30, 2021 | June 30, 2020 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $ 2,575,200 | 1,908,500 |
| Accounts receivable, net of allowance for doubtful accounts of $79.6 and $92.5, respectively | 2,727,400 | 2,441,300 |
| Other current assets | 533,400 | 506,200 |
| Total current assets before funds held for clients | 5,836,000 | 4,856,000 |
| Funds held for clients | 34,905,800 | 26,708,100 |
| Total current assets | 40,741,800 | 31,564,100 |
| Long-term receivables, net of allowance for doubtful accounts of $0.3 and $0.5, respectively | 11,500 | 18,600 |
| Property, plant and equipment, net | 684,500 | 703,900 |
| Operating lease right-of-use asset | 462,200 | 493,700 |
| Deferred contract costs | 2,498,200 | 2,401,600 |
| Other assets | 825,800 | 458,400 |
| Goodwill | 2,338,400 | 2,309,400 |
| Intangible assets, net | 1,210,100 | 1,215,800 |
| Total assets | 48,772,500 | 39,165,500 |
| Liabilities and Stockholders' Equity | ||
| Current liabilities: | ||
| Accounts payable | 141,100 | 102,000 |
| Accrued expenses and other current liabilities | 1,963,300 | 1,980,700 |
| Accrued payroll and payroll-related expenses | 910,200 | 557,000 |
| Dividends payable | 390,800 | 387,300 |
| Short-term deferred revenues | 203,900 | 212,500 |
| Obligations under reverse repurchase agreements | 23,500 [1] | 13,600 |
| Short-term debt | 0 | 1,001,800 |
| Income taxes payable | 58,200 | 40,100 |
| Total current liabilities before client funds obligations | 3,691,000 | 4,295,000 |
| Client funds obligations | 34,403,800 | 25,831,600 |
| Total current liabilities | 38,094,800 | 30,126,600 |
| Long-term debt | 2,985,000 | 1,002,800 |
| Operating lease liabilities | 343,200 | 344,400 |
| Other liabilities | 834,100 | 837,000 |
| Deferred income taxes | 482,900 | 731,900 |
| Long-term deferred revenues | 362,400 | 370,600 |
| Total liabilities | 43,102,400 | 33,413,300 |
| Stockholders' equity: | ||
| Preferred stock, $1.00 par value: Authorized, 0.3 shares; issued, none | 0 | 0 |
| Common stock, $0.10 par value: authorized,1,000.0 shares; issued, 638.7 shares at June 30, 2021 and June 30, 2020; outstanding, 423.7 and 429.9 shares at June 30, 2021 and June 30, 2020, respectively | 63,900 | 63,900 |
| Capital in excess of par value | 1,531,300 | 1,333,800 |
| Retained earnings | 19,451,100 | 18,436,300 |
| Treasury stock - at cost: 215.0 and 208.9 shares at June 30, 2021 and June 30, 2020, respectively | (15,386,800) | (14,067,000) |
| Accumulated other comprehensive income (loss) | 10,600 | (14,800) |
| Total stockholders equity | 5,670,100 | 5,752,200 |
| Total liabilities and stockholders equity | 48,772,500 | 39,165,500 |
| [1] (A) As of June 30, 2021, $23.5 million of long-term marketable securities have been pledged as collateral under the Company's reverse repurchase agreements. As of June 30, 2020, $13.6 million of long-term marketable securities have been pledged as collateral under the Company's reverse repurchase agreements (see Note 8). | ||
| External Links | |
| AUTOMATIC DATA PROCESSING INC (ADP) Fiscal Year 2021 | |
| Statements of 10-K in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |