Automatic Data Processing, Inc. (ADP) financial statements (2022 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)

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,7652,5861,9091,9602,1732,7843,215
Cash and cash equivalents1,7452,5751,9091,9492,1702,7803,191
Short-term investments2010 113324
Restricted cash and investments    2,5212,9193,032
Receivables2,7362,7272,4412,4391,9841,7041,743
Other current assets736533506520758883702
Other undisclosed current assets45,87134,89526,70829,42424,61324,37030,809
Total current assets:51,10740,74231,56434,34232,05032,65939,500
Noncurrent Assets
Operating lease, right-of-use asset472462494
Property, plant and equipment645685704764794780685
Long-term investments and receivables93532285262835
Long-term investments 2414261  8
Accounts and financing receivable, after allowance for credit loss9121924262827
Intangible assets, net (including goodwill)3,5533,5493,5253,3953,1302,3612,216
Goodwill2,3312,3382,3092,3232,2441,7411,682
Intangible assets, net (excluding goodwill)1,2231,2101,2161,072886620534
Other noncurrent assets8688264589341,0901,3521,234
Other undisclosed noncurrent assets2,4482,4752,3882,167   
Total noncurrent assets:7,9958,0317,6017,5455,0394,5214,170
TOTAL ASSETS:59,10348,77339,16641,88837,08937,18043,670
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,6943,0732,6802,6602,3952,1432,282
Accounts payable104141102126135150152
Accrued liabilities1,9371,9631,9811,7591,5481,3821,247
Employee-related liabilities590910557721668563617
Taxes payable64584055444928
Interest and dividends payable      238
Deferred revenue189204213
Debt111,0023383
Deferred revenue and credits227233233
Other undisclosed current liabilities46,19934,81726,23329,96527,79027,43233,329
Total current liabilities:49,08438,09530,12732,62830,41429,81635,847
Noncurrent Liabilities
Long-term debt and lease obligation3,3503,3281,0032,0022,0022,0022,008
Long-term debt, excluding current maturities2,9862,9851,0032,0022,0022,0022,008
Operating lease, liability364343 
Liabilities, other than long-term debt1,6191,6792,1451,6011,2131,3851,333
Deferred revenue and credits378391381
Deferred revenue342362371
Deferred tax liabilities, net660107163251
Deferred income tax liabilities434483732
Liability, pension and other postretirement and postemployment benefits  206143   
Other liabilities844834837799728830701
Other undisclosed noncurrent liabilities  139257   
Total noncurrent liabilities:4,9695,0083,2873,8603,2163,3873,341
Total liabilities:54,05343,10233,41336,48833,62933,20339,188
Stockholders' equity
Stockholders' equity attributable to parent5,0505,6705,7525,4003,4603,9774,482
Common stock64646464646464
Treasury stock, value(16,362)(15,387)(14,067)(13,091)(12,210)(11,304)(10,139)
Additional paid in capital1,6651,5311,3341,1831,015868768
Accumulated other comprehensive income (loss)(328)11(15)(257)(681)(379)(215)
Retained earnings20,01219,45118,43617,50115,27114,72814,003
Total stockholders' equity:5,0505,6705,7525,4003,4603,9774,482
TOTAL LIABILITIES AND EQUITY:59,10348,77339,16641,88837,08937,18043,670

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

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
Revenues15,69715,00514,59014,17513,32612,38011,668
Revenue, net8,9858,5188,234
Cost of revenue(9,115)(8,700)(8,552)(8,217)(7,945)(7,350)(6,897)
Cost of goods and services sold(9,047)(8,640)(8,445)(8,087)(7,843)(7,270)(6,840)
Gross profit:6,5826,3056,0385,9595,3815,0304,771
Operating expenses(3,105)(3,041)(3,003)(3,064)(2,972)(2,783)(2,637)
Operating income:3,4763,2653,0352,8952,4092,2472,134
Nonoperating income (expense)9896148111(238)284100
Investment income, nonoperating31378598868262
Net periodic defined benefits expense (reversal of expense), excluding service cost component6959757
Interest and debt expense(68)(60)(107)(130)(103)(80)(56)
Other undisclosed income from continuing operations before equity method investments, income taxes31601071301038056
Income from continuing operations before equity method investments, income taxes:3,5373,3613,1833,0062,1712,5312,235
Other undisclosed income from continuing operations before income taxes37      
Income from continuing operations before income taxes:3,5743,3613,1833,0062,1712,5312,235
Income tax expense(830)(763)(716)(713)(550)(798)(741)
Income from continuing operations:2,7442,5992,4672,2931,6211,7331,493
Loss from discontinued operations      (1)
Net income available to common stockholders, diluted:2,7442,5992,4672,2931,6211,7331,493

Comprehensive Income ($ in millions)

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
Net income:2,7442,5992,4672,2931,6211,7331,493
Other comprehensive income (loss)(369)25243423(259)(164)46
Comprehensive income, net of tax, attributable to parent:2,3752,6242,7092,7151,3621,5691,538

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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