Automatic Data Processing Inc. (NASDAQ:ADP)


Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

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

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Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014 Dec 31, 2013 Sep 30, 2013
Accounts payable 0.27 0.29 0.30 0.32 0.39 0.35 0.37 0.24 0.31 0.32 0.40 0.29 0.34 0.34 0.35 0.31 0.35 0.43 0.59 0.35 0.31 0.49 0.53 0.40 0.37 0.51
Accrued expenses and other current liabilities 4.18 5.29 4.20 3.48 5.30 4.29 4.17 3.42 3.56 4.04 3.72 3.05 3.55 3.73 2.86 2.63 2.81 3.64 3.50 3.34 2.68 3.73 4.10 3.31 3.12 3.97
Accrued payroll and payroll-related expenses 0.87 1.18 1.72 1.26 1.15 1.19 1.80 1.35 1.11 1.24 1.51 1.20 1.11 1.20 1.41 1.01 1.23 1.18 1.89 1.32 1.16 1.44 2.21 1.55 1.46 1.49
Dividends payable 0.79 0.90 0.81 0.71 0.88 0.80 0.81 0.62 0.62 0.70 0.67 0.57 0.63 0.69 0.55 0.47 0.60 0.66 0.68 0.62 0.53 0.76 0.71 0.62 0.59 0.70
Short-term deferred revenues 0.43 0.57 0.53 0.47 0.58 0.61 0.61 0.53 0.51 0.65 0.63 0.52 0.54 0.64 0.53 0.48 0.54 0.63 0.69 0.65 0.54 0.77 1.04 0.92 0.79 1.03
Obligations under reverse repurchase agreements 0.00 1.14 0.63 0.00 0.00 1.21 0.00 0.00 0.00 0.36 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.16
Obligations under commercial paper borrowings 0.00 9.38 0.00 0.00 3.11 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 6.41 6.78 0.00 0.00 8.40
Short-term debt 2.04 2.65 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Income taxes payable 0.08 0.33 0.13 0.21 0.08 0.20 0.12 0.18 0.05 0.24 0.13 0.31 0.21 0.30 0.06 0.13 0.06 0.29 0.08 0.15 0.09 0.38 0.06 0.26 0.04 0.33
Current liabilities before client funds obligations 8.67% 21.71% 8.32% 6.45% 11.48% 8.65% 7.87% 6.35% 6.16% 7.54% 7.06% 5.93% 6.38% 6.90% 5.76% 5.03% 5.59% 6.83% 7.44% 6.43% 5.31% 13.98% 15.43% 7.07% 6.37% 17.58%
Client funds obligations 73.93 55.71 69.58 74.81 66.59 68.95 74.13 77.03 77.47 71.78 73.13 77.11 76.01 70.91 76.33 79.57 75.78 70.51 74.45 76.34 79.22 62.68 59.17 71.02 73.60 56.71
Current liabilities 82.60% 77.43% 77.89% 81.26% 78.07% 77.61% 82.00% 83.38% 83.62% 79.32% 80.19% 83.04% 82.39% 77.81% 82.09% 84.60% 81.37% 77.33% 81.89% 82.77% 84.52% 76.67% 74.59% 78.09% 79.97% 74.28%
Long-term debt 2.04 2.66 4.78 4.15 5.16 5.35 5.40 4.54 4.50 5.61 5.39 4.57 5.01 5.85 4.60 3.93 5.00 5.80 0.03 0.03 0.02 0.04 0.04 0.03 0.03 0.05
Operating lease liabilities 0.73 0.94 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Other liabilities 1.48 1.88 1.91 1.58 1.94 1.97 1.96 1.81 1.85 2.34 2.23 1.91 1.93 2.14 1.61 1.38 1.69 1.88 1.95 1.67 1.45 2.04 2.06 1.71 1.63 2.08
Deferred income taxes 1.43 1.88 1.58 1.28 1.50 1.43 0.29 0.24 0.33 0.55 0.44 0.25 0.21 0.71 0.57 0.55 0.48 0.47 0.52 0.61 0.55 0.76 0.90 0.69 0.75 0.92
Long-term deferred revenues 0.78 1.00 0.95 0.84 1.06 1.15 1.02 0.89 0.87 1.09 1.05 0.88 0.92 1.11 0.87 0.73 0.91 1.04 1.10 0.96 0.83 1.20 1.60 1.39 1.30 1.66
Noncurrent liabilities 6.47% 8.36% 9.22% 7.85% 9.65% 9.89% 8.67% 7.48% 7.55% 9.59% 9.11% 7.60% 8.07% 9.81% 7.65% 6.60% 8.08% 9.20% 3.59% 3.27% 2.85% 4.04% 4.60% 3.83% 3.70% 4.71%
Total liabilities 89.07% 85.79% 87.11% 89.11% 87.72% 87.50% 90.67% 90.86% 91.17% 88.91% 89.30% 90.64% 90.46% 87.62% 89.74% 91.19% 89.46% 86.53% 85.48% 86.05% 87.38% 80.71% 79.19% 81.92% 83.67% 78.99%
Preferred stock, $1.00 par value; issued, none 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Common stock, $0.10 par value 0.13 0.17 0.15 0.13 0.16 0.17 0.17 0.15 0.14 0.18 0.17 0.15 0.16 0.19 0.15 0.12 0.16 0.19 0.19 0.17 0.15 0.21 0.20 0.17 0.17 0.22
Capital in excess of par value 2.56 3.22 2.82 2.37 2.77 2.77 2.74 2.19 2.03 2.44 2.33 1.90 1.96 2.19 1.76 1.44 1.74 1.92 2.00 1.66 1.34 1.87 1.70 1.40 1.24 1.48
Retained earnings 36.66 47.01 41.78 36.04 43.70 44.74 41.18 35.10 33.81 41.70 39.61 33.56 35.96 41.15 32.07 27.30 34.25 39.47 40.65 35.97 30.09 43.00 42.53 37.09 34.67 44.57
Treasury stock, at cost -27.94 -35.56 -31.25 -26.80 -32.78 -33.20 -32.92 -26.84 -26.18 -32.27 -30.40 -25.08 -27.13 -30.43 -23.22 -19.74 -24.66 -27.38 -27.54 -23.48 -18.69 -25.55 -24.18 -20.71 -19.77 -25.50
Accumulated other comprehensive income (loss) -0.47 -0.62 -0.61 -0.85 -1.58 -1.98 -1.84 -1.45 -0.97 -0.97 -1.02 -1.17 -1.42 -0.72 -0.49 -0.31 -0.95 -0.72 -0.79 -0.37 -0.26 -0.25 0.56 0.11 0.03 0.24
Stockholders’ equity 10.93% 14.21% 12.89% 10.89% 12.28% 12.50% 9.33% 9.14% 8.83% 11.09% 10.70% 9.36% 9.54% 12.38% 10.26% 8.81% 10.54% 13.47% 14.52% 13.95% 12.62% 19.29% 20.81% 18.08% 16.33% 21.01%
Total liabilities and stockholders’ equity 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-Q (filing date: 2020-01-31), 10-Q (filing date: 2019-11-04), 10-K (filing date: 2019-08-09), 10-Q (filing date: 2019-05-03), 10-Q (filing date: 2019-01-31), 10-Q (filing date: 2018-11-01), 10-K (filing date: 2018-08-03), 10-Q (filing date: 2018-05-04), 10-Q (filing date: 2018-02-01), 10-Q (filing date: 2017-11-02), 10-K (filing date: 2017-08-04), 10-Q (filing date: 2017-05-04), 10-Q (filing date: 2017-02-01), 10-Q (filing date: 2016-11-03), 10-K (filing date: 2016-08-05), 10-Q (filing date: 2016-05-05), 10-Q (filing date: 2016-02-03), 10-Q (filing date: 2015-11-05), 10-K (filing date: 2015-08-07), 10-Q (filing date: 2015-05-06), 10-Q (filing date: 2015-02-05), 10-Q (filing date: 2014-10-30), 10-K (filing date: 2014-08-08), 10-Q (filing date: 2014-05-01), 10-Q (filing date: 2014-02-05), 10-Q (filing date: 2013-11-01).

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 Q4 2019 to Q1 2020 but then increased from Q1 2020 to Q2 2020 exceeding Q4 2019 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 decreased from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 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 Q4 2019 to Q1 2020 but then increased from Q1 2020 to Q2 2020 exceeding Q4 2019 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 Q4 2019 to Q1 2020 but then decreased significantly from Q1 2020 to Q2 2020.