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: 2019 | ||
Consolidated Balance Sheets | ||
Period Ending June 30, 2019 10-K (Filed: Aug 9, 2019) | ||
| (In Thousands, except shares in actual) | ||
| As of | As of | |
| June 30, 2019 | June 30, 2018 | |
| Long-term Marketable Securities Under Reverse Repurchase Agreements | $ 261,400 | |
| Assets [Abstract] | ||
| Current assets: | ||
| Cash and cash equivalents | 1,949,200 | 2,170,000 |
| Accounts receivable, net of allowance for doubtful accounts of $54.9 and $51.3, respectively | 2,439,300 | 1,984,200 |
| Other current assets | 519,600 | 531,300 |
| Total current assets before funds held for clients | 4,908,100 | 4,685,500 |
| Funds held for clients | 29,434,200 | 27,137,800 |
| Total current assets | 34,342,300 | 31,823,300 |
| Long-term receivables, net of allowance for doubtful accounts of $0.4 and $0.5, respectively | 23,800 | 25,500 |
| Property, plant and equipment, net | 764,200 | 793,700 |
| Capitalized Contract Cost, Net | 2,428,500 | 2,377,400 |
| Other assets | 934,400 | 699,300 |
| Goodwill | 2,323,000 | 2,243,500 |
| Intangible assets, net | 1,071,500 | 886,400 |
| Total assets | 41,887,700 | 38,849,100 |
| Liabilities And Stockholders Equity Abstract | ||
| Liabilities | ||
| Accounts payable | 125,500 | 135,400 |
| Accrued expenses and other current liabilities | 1,759,000 | 1,547,600 |
| Accrued payroll and payroll-related expenses | 721,100 | 667,700 |
| Dividends payable | 340,100 | 298,900 |
| Short-term deferred revenues | 220,700 | 225,700 |
| Income taxes payable | 54,800 | 43,900 |
| Total current liabilities before client funds obligations | 3,483,200 | 2,919,200 |
| Client funds obligations | 29,144,500 | 27,493,500 |
| Total current liabilities | 32,627,700 | 30,412,700 |
| Long-term debt | 2,002,200 | 2,002,400 |
| Other liabilities | 798,700 | 728,000 |
| Deferred income taxes | 659,900 | 522,000 |
| Long-term deferred revenues | 399,300 | 448,100 |
| Total liabilities | 36,487,800 | 34,113,200 |
| 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, 2019 and June 30, 2018; outstanding, 434.2 and 438.8 shares at June 30, 2019 and June 30, 2018, respectively | 63,900 | 63,900 |
| Capital in excess of par value | 1,183,200 | 1,014,800 |
| Retained earnings | 17,500,600 | 16,546,600 |
| Treasury stock - at cost: 204.5 and 199.9 shares at June 30, 2019 and June 30, 2018, respectively | (13,090,500) | (12,209,600) |
| Accumulated other comprehensive loss | (257,300) | (679,800) |
| Total stockholders equity | 5,399,900 | 4,735,900 |
| Total liabilities and stockholders equity | 41,887,700 | 38,849,100 |
| Cash And Cash Equivalents Under Reverse Repurchase Agreements | 600 | |
| Obligations under reverse repurchase agreements (A) | 262,000 [1] | 0 |
| [1] (A) As of June 30, 2019, $261.4 million of long-term marketable securities and $0.6 million of cash and cash equivalents have been pledged as collateral under the Company's reverse repurchase agreements (see Note 10). | ||
| External Links | |
| AUTOMATIC DATA PROCESSING INC (ADP) Fiscal Year 2019 | |
| 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 |