Stock Analysis on Net
Stock Analysis on Net
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Automatic Data Processing Inc. (NASDAQ:ADP)

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity

Beginner level

Automatic Data Processing Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity

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Jun 30, 2020 Jun 30, 2019 Jun 30, 2018 Jun 30, 2017 Jun 30, 2016 Jun 30, 2015
Accounts payable 0.26 0.30 0.37 0.40 0.35 0.59
Accrued expenses and other current liabilities 5.06 4.20 4.17 3.72 2.86 3.50
Accrued payroll and payroll-related expenses 1.42 1.72 1.80 1.51 1.41 1.89
Dividends payable 0.99 0.81 0.81 0.67 0.55 0.68
Short-term deferred revenues 0.54 0.53 0.61 0.63 0.53 0.69
Obligations under reverse repurchase agreements 0.03 0.63 0.00 0.00 0.00 0.00
Short-term debt 2.56 0.00 0.00 0.00 0.00 0.00
Income taxes payable 0.10 0.13 0.12 0.13 0.06 0.08
Current liabilities before client funds obligations 10.97% 8.32% 7.87% 7.06% 5.76% 7.44%
Client funds obligations 65.95 69.58 74.13 73.13 76.33 74.45
Current liabilities 76.92% 77.89% 82.00% 80.19% 82.09% 81.89%
Long-term debt 2.56 4.78 5.40 5.39 4.60 0.03
Long-term operating lease liabilities 0.88 0.00 0.00 0.00 0.00 0.00
Other liabilities 2.14 1.91 1.96 2.23 1.61 1.95
Deferred income taxes 1.87 1.58 0.29 0.44 0.57 0.52
Long-term deferred revenues 0.95 0.95 1.02 1.05 0.87 1.10
Noncurrent liabilities 8.39% 9.22% 8.67% 9.11% 7.65% 3.59%
Total liabilities 85.31% 87.11% 90.67% 89.30% 89.74% 85.48%
Preferred stock, $1.00 par value; issued, none 0.00 0.00 0.00 0.00 0.00 0.00
Common stock, $0.10 par value 0.16 0.15 0.17 0.17 0.15 0.19
Capital in excess of par value 3.41 2.82 2.74 2.33 1.76 2.00
Retained earnings 47.07 41.78 41.18 39.61 32.07 40.65
Treasury stock, at cost -35.92 -31.25 -32.92 -30.40 -23.22 -27.54
Accumulated other comprehensive loss -0.04 -0.61 -1.84 -1.02 -0.49 -0.79
Stockholders’ equity 14.69% 12.89% 9.33% 10.70% 10.26% 14.52%
Total liabilities and stockholders’ equity 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-K (filing date: 2020-08-05), 10-K (filing date: 2019-08-09), 10-K (filing date: 2018-08-03), 10-K (filing date: 2017-08-04), 10-K (filing date: 2016-08-05), 10-K (filing date: 2015-08-07).

Balance sheet item Description The company
Current liabilities Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Automatic Data Processing Inc.’s current liabilities as a percentage of total liabilities and stockholders’ equity decreased from 2018 to 2019 and from 2019 to 2020.
Noncurrent liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. Automatic Data Processing Inc.’s noncurrent liabilities as a percentage of total liabilities and stockholders’ equity increased from 2018 to 2019 but then decreased significantly from 2019 to 2020.
Total liabilities Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Automatic Data Processing Inc.’s total liabilities as a percentage of total liabilities and stockholders’ equity decreased from 2018 to 2019 and from 2019 to 2020.
Stockholders’ equity Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity’s stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Automatic Data Processing Inc.’s stockholders’ equity as a percentage of total liabilities and stockholders’ equity increased from 2018 to 2019 and from 2019 to 2020.