Automatic Data Processing, Inc. (ADP) financial statements (2021 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)

12/31/2020
TTM
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,6131,9091,9602,1732,7843,2151,666
Cash and cash equivalents1,6021,9091,9492,1702,7803,1911,639
Short-term investments11 11332427
Restricted cash and investments   2,5212,9193,0324,498
Receivables2,5102,4412,4391,9841,7041,7431,565
Other current assets684506520758883702731
Other undisclosed current assets36,85626,70829,42424,61324,37030,80920,349
Total current assets:41,66231,56434,34232,05032,65939,50028,809
Noncurrent Assets
Operating lease, right-of-use asset501494
Property, plant and equipment693704764794780685673
Long-term investments and receivables153228526283595
Long-term investments 14261  829
Accounts and financing receivable, after allowance for credit loss15192426282766
Intangible assets, net (including goodwill)3,5543,5253,3953,1302,3612,2162,297
Goodwill2,3472,3092,3232,2441,7411,6821,794
Intangible assets, net (excluding goodwill)1,2071,2161,072886620534503
Restricted cash and investments      16,321
Other noncurrent assets4844589341,0901,3521,2341,271
Defined benefit plan, assets for plan benefits  476
Other undisclosed noncurrent assets2,4172,3882,167   (16,830)
Total noncurrent assets:7,6647,6017,5455,0394,5214,1704,301
TOTAL ASSETS:49,32639,16641,88837,08937,18043,67033,111
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,5082,6802,6602,3952,1432,2822,235
Accounts payable114102126135150152195
Accrued liabilities1,7781,9811,7591,5481,3821,2471,159
Employee-related liabilities587557721668563617627
Taxes payable29405544492827
Interest and dividends payable     238226
Deferred revenue208213
Debt11,0023383 
Deferred revenue and credits227233233229
Deferred tax liabilities    57
Other undisclosed current liabilities36,45926,23329,96527,79027,43233,32924,594
Total current liabilities:39,17730,12732,62830,41429,81635,84727,114
Noncurrent Liabilities
Long-term debt and lease obligation2,3521,0032,0022,0022,0022,0089
Long-term debt, excluding current maturities1,9941,0032,0022,0022,0022,0089
Operating lease, liability357 
Liabilities, other than long-term debt1,8982,1451,6011,2131,3851,3331,300
Deferred revenue and credits378391381363
Deferred revenue374371
Deferred tax liabilities, net660107163251172
Deferred income tax liabilities712732
Liability, pension and other postretirement and postemployment benefits 206143   121
Other liabilities813837799728830701644
Other undisclosed noncurrent liabilities 139257   (121)
Total noncurrent liabilities:4,2493,2873,8603,2163,3873,3411,188
Total liabilities:43,42633,41336,48833,62933,20339,18828,302
Stockholders' equity
Stockholders' equity attributable to parent5,9005,7525,4003,4603,9774,4824,809
Common stock64646464646464
Treasury stock, value(14,505)(14,067)(13,091)(12,210)(11,304)(10,139)(9,118)
Additional paid in capital1,4081,3341,1831,015868768663
Accumulated other comprehensive income (loss)40(15)(257)(681)(379)(215)(261)
Retained earnings18,89418,43617,50115,27114,72814,00313,460
Total stockholders' equity:5,9005,7525,4003,4603,9774,4824,809
TOTAL LIABILITIES AND EQUITY:49,32639,16641,88837,08937,18043,67033,111

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

12/31/2020
TTM
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
Revenues14,59114,59014,17513,32612,38011,66810,939
Revenue, net8,9858,5188,2347,928
Cost of revenue(8,528)(8,552)(8,217)(7,945)(7,350)(6,897)(6,428)
Cost of goods and services sold(8,463)(8,445)(8,087)(7,843)(7,270)(6,840)(6,428)
Gross profit:6,0646,0385,9595,3815,0304,7714,511
Operating expenses(2,959)(3,003)(3,064)(2,972)(2,783)(2,637)(8,122)
Operating income (loss):3,1053,0352,8952,4092,2472,134(3,611)
Nonoperating income (expense)101148111(238)28410063
Investment income, nonoperating51859886826262
Net periodic defined benefits expense (reversal of expense), excluding service cost component68757
Interest and debt expense(65)(107)(130)(103)(80)(56)(7)
Other undisclosed income from continuing operations before equity method investments, income taxes6510713010380565,625
Income from continuing operations before income taxes:3,2063,1833,0062,1712,5312,2352,071
Income tax expense(724)(716)(713)(550)(798)(741)(694)
Income from continuing operations:2,4822,4672,2931,6211,7331,4931,377
Income (loss) from discontinued operations     (1)76
Net income available to common stockholders, diluted:2,4822,4672,2931,6211,7331,4931,453

Comprehensive Income ($ in millions)

12/31/2020
TTM
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
Net income:2,4822,4672,2931,6211,7331,4931,453
Other comprehensive income (loss)272243423(259)(164)46(351)
Other undisclosed comprehensive income632      
Comprehensive income:3,3862,7092,7151,3621,5691,5381,102
Other undisclosed comprehensive loss, net of tax, attributable to parent(632)      
Comprehensive income, net of tax, attributable to parent:2,7542,7092,7151,3621,5691,5381,102

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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