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: 2022 | ||
Consolidated Balance Sheets | ||
Period Ending June 30, 2022 10-K (Filed: Aug 3, 2022) | ||
| (In Thousands, except shares in actual) | ||
| As of | As of | |
| June 30, 2022 | June 30, 2021 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $ 1,436,300 | 2,575,200 |
| Accounts receivable, net of allowance for doubtful accounts of $56.8 and $79.6, respectively | 3,170,600 | 2,727,400 |
| Other current assets | 628,800 | 533,400 |
| Total current assets before funds held for clients | 5,235,700 | 5,836,000 |
| Funds held for clients | 49,569,200 | 34,905,800 |
| Total current assets | 54,804,900 | 40,741,800 |
| Long-term receivables, net of allowance for doubtful accounts of $0.1 and $0.3, respectively | 9,100 | 11,500 |
| Property, plant and equipment, net | 652,600 | 684,500 |
| Operating lease right-of-use asset | 450,900 | 462,200 |
| Deferred contract costs | 2,579,700 | 2,498,200 |
| Other assets | 937,400 | 825,800 |
| Goodwill | 2,300,500 | 2,338,400 |
| Intangible assets, net | 1,333,100 | 1,210,100 |
| Total assets | 63,068,200 | 48,772,500 |
| Liabilities and Stockholders' Equity | ||
| Current liabilities: | ||
| Accounts payable | 110,200 | 141,100 |
| Accrued expenses and other current liabilities | 2,107,800 | 1,963,300 |
| Accrued payroll and payroll-related expenses | 862,600 | 910,200 |
| Dividends payable | 429,600 | 390,800 |
| Short-term deferred revenues | 188,200 | 203,900 |
| Obligations under reverse repurchase agreements (A) | 136,400 | 23,500 |
| Income taxes payable | 38,400 | 58,200 |
| Total current liabilities before client funds obligations | 3,873,200 | 3,691,000 |
| Client funds obligations | 51,285,500 | 34,403,800 |
| Total current liabilities | 55,158,700 | 38,094,800 |
| Long-term debt | 2,987,100 | 2,985,000 |
| Operating lease liabilities | 370,900 | 343,200 |
| Other liabilities | 924,200 | 834,100 |
| Deferred income taxes | 67,000 | 482,900 |
| Long-term deferred revenues | 335,000 | 362,400 |
| Total liabilities | 59,842,900 | 43,102,400 |
| Commitments and Contingencies (Note 12) | ||
| 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, 2022 and June 30, 2021; outstanding, 416.1 and 423.7 shares at June 30, 2022 and June 30, 2021, respectively | 63,900 | 63,900 |
| Capital in excess of par value | 1,794,200 | 1,531,300 |
| Retained earnings | 20,696,300 | 19,451,100 |
| Treasury stock - at cost: 222.7 and 215.0 shares at June 30, 2022 and June 30, 2021, respectively | (17,335,400) | (15,386,800) |
| Accumulated other comprehensive (loss)/income | (1,993,700) | 10,600 |
| Total stockholders equity | 3,225,300 | 5,670,100 |
| Total liabilities and stockholders equity | 63,068,200 | 48,772,500 |
| External Links | |
| AUTOMATIC DATA PROCESSING INC (ADP) Fiscal Year 2022 | |
| 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 |