Automatic Data Processing Inc. (ADP)

Common-Size Statement of Financial Position, Liabilities and Stockholders’ Equity

Difficulty: Beginner

Automatic Data Processing Inc., Common-Size Consolidated Statement of Financial Position, Liabilities and Stockholders’ Equity

		Jun 30, 2018		Jun 30, 2017		Jun 30, 2016		Jun 30, 2015		Jun 30, 2014		Jun 30, 2013
	Accounts payable
	Accrued expenses and other current liabilities
	Accrued payroll and payroll-related expenses
	Dividends payable
	Short-term deferred revenues
	Obligations under reverse repurchase agreements
	Obligations under commercial paper borrowings
	Income taxes payable
	Current liabilities before client funds obligations
	Client funds obligations
	Current liabilities
	Long-term debt
	Other liabilities
	Deferred income taxes
	Long-term deferred revenues
	Noncurrent liabilities
	Total liabilities
	Preferred stock, $1.00 par value; issued, none
	Common stock, $0.10 par value
	Capital in excess of par value
	Retained earnings
	Treasury stock, at cost
	Accumulated other comprehensive income (loss)
	Stockholders’ equity
	Total liabilities and stockholders’ equity

Based on: 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), 10-K (filing date: 2014-08-08), 10-K (filing date: 2013-08-19).

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 declined from 2016 to 2017 but then increased from 2017 to 2018 not reaching 2016 level.
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 2016 to 2017 but then slightly declined from 2017 to 2018.
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 declined from 2016 to 2017 but then increased from 2017 to 2018 exceeding 2016 level.
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 2016 to 2017 but then declined significantly from 2017 to 2018.

	Automatic Data Processing Inc.	Other companies (not purchased previously)
Financial Statements
Common-Size Financial Statements
Ratios
Relative Valuation
Discounted Cash Flow (DCF) Valuation
Economic Value Added (EVA)
Long-term Trends
Analysis
Financial Reporting Quality

	All companies
Financial Statements
Common-Size Financial Statements
Ratios
Relative Valuation
Discounted Cash Flow (DCF) Valuation
Economic Value Added (EVA)
Long-term Trends
Analysis
Financial Reporting Quality