Automatic Data Processing, Inc. (ADP) financial statements (2020 and earlier)

Company profile

Business Address ONE ADP BOULVARD
ROSELAND, NJ 07068
State of Incorp. DE
Fiscal Year End June 30
SIC 7374 - Computer Processing and Data Preparation and Processing Services (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
TTM
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,5081,9602,1732,7843,2151,6664,016
Cash and cash equivalents1,5001,9492,1702,7803,1911,6391,984
Short-term investments7113324272,032
Restricted cash and investments  2,5212,9193,0324,4981,313
Receivables2,5882,4391,9841,7041,7431,5653,601
Other current assets661520758883702731759
Other undisclosed current assets36,60929,42424,61324,37030,80920,34916,145
Total current assets:41,36534,34232,05032,65939,50028,80925,833
Noncurrent Assets
Operating lease, right-of-use asset500
Property, plant and equipment761764794780685673777
Long-term investments and receivables2228526283595365
Long-term investments 261  82954
Accounts and financing receivable, after allowance for credit loss222426282766311
Intangible assets, net (including goodwill)3,4173,3953,1302,3612,2162,2973,746
Goodwill2,3152,3232,2441,7411,6821,7943,114
Intangible assets, net (excluding goodwill)1,1031,072886620534503632
Restricted cash and investments     16,32116,758
Other noncurrent assets5979341,0901,3521,2341,2711,485
Defined benefit plan, assets for plan benefits  476551
Other undisclosed noncurrent assets2,3972,167   (16,830)(17,465)
Total noncurrent assets:7,6947,5455,0394,5214,1704,3016,218
TOTAL ASSETS:49,05941,88837,08937,18043,67033,11132,052
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,6512,6602,3952,1432,2822,2352,439
Accounts payable133126135150152195170
Accrued liabilities2,0521,7591,5481,3821,2471,1591,315
Employee-related liabilities429721668563617627707
Taxes payable38554449282720
Interest and dividends payable    238226227
Debt1,0023383 2,173
Deferred revenue and credits227233233229333
Deferred tax liabilities    5798
Other undisclosed current liabilities36,87029,96527,79027,43233,32924,59418,866
Total current liabilities:40,52232,62830,41429,81635,84727,11423,908
Noncurrent Liabilities
Long-term debt and lease obligation1,3632,0022,0022,0022,008912
Long-term debt, excluding current maturities1,0032,0022,0022,0022,008912
Operating lease, liability360
Liabilities, other than long-term debt1,1071,6011,2131,3851,3331,3001,582
Deferred revenue and credits378391381363513
Deferred revenue381
Deferred tax liabilities, net660107163251172289
Liability, pension and other postretirement and postemployment benefits 143   121120
Other liabilities726799728830701644660
Other undisclosed noncurrent liabilities702257   (121)(120)
Total noncurrent liabilities:3,1733,8603,2163,3873,3411,1881,474
Total liabilities:43,69536,48833,62933,20339,18828,30225,382
Stockholders' equity
Stockholders' equity attributable to parent5,3645,4003,4603,9774,4824,8096,670
Common stock64646464646464
Treasury stock, value(13,710)(13,091)(12,210)(11,304)(10,139)(9,118)(7,750)
Additional paid in capital1,2541,1831,015868768663545
Accumulated other comprehensive income (loss)(231)(257)(681)(379)(215)(261)178
Retained earnings17,98817,50115,27114,72814,00313,46013,633
Total stockholders' equity:5,3645,4003,4603,9774,4824,8096,670
TOTAL LIABILITIES AND EQUITY:49,05941,88837,08937,18043,67033,11132,052

Income statement (P&L) ($ in millions)

12/31/2019
TTM
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
Revenues14,51114,17513,32612,38011,66810,93912,207
Revenue, net2,5478,9858,5188,2347,9289,575
Cost of revenue(8,398)(8,217)(7,945)(7,350)(6,897)(6,428)(7,221)
Cost of goods and services sold(8,271)(8,087)(7,843)(7,270)(6,840)(6,428)(7,221)
Gross profit:6,1135,9595,3815,0304,7714,5114,985
Operating expenses(3,086)(3,064)(2,972)(2,783)(2,637)(8,122)(10,005)
Operating income (loss):3,0272,8952,4092,2472,134(3,611)(5,020)
Nonoperating income (expense)165111(238)2841006373
Investment income, nonoperating74988682626273
Net periodic defined benefits expense (reversal of expense), excluding service cost component317
Interest and debt expense(127)(130)(103)(80)(56)(7)(6)
Other undisclosed income from continuing operations before equity method investments, income taxes12713010380565,6257,228
Income from continuing operations before income taxes:3,1923,0062,1712,5312,2352,0712,275
Income tax expense(729)(713)(550)(798)(741)(694)(772)
Income from continuing operations:2,4632,2931,6211,7331,4931,3771,503
Income (loss) from discontinued operations    (1)7613
Net income available to common stockholders, diluted:2,4632,2931,6211,7331,4931,4531,516

Comprehensive Income ($ in millions)

12/31/2019
TTM
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
Net income:2,4632,2931,6211,7331,4931,4531,516
Other comprehensive income (loss)384423(259)(164)46(351)163
Other undisclosed comprehensive loss(170)      
Comprehensive income:2,6772,7151,3621,5691,5381,1021,679
Other undisclosed comprehensive income, net of tax, attributable to parent170      
Comprehensive income, net of tax, attributable to parent:2,8472,7151,3621,5691,5381,1021,679

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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