Adjustments to Current Assets
Adjustments to Total Assets
Adjustments to Current Liabilities
Adjustments to Total Liabilities
Adjustments to Stockholders’ Equity
Adjustments to Capitalization Table
Adjustments to Revenues
Adjustments to Reported Income

Automatic Data Processing Inc., adjusted current assets

US$ in thousands

	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019	Jun 30, 2018	Jun 30, 2017	Jun 30, 2016
As Reported
Current assets	40,741,800)	31,564,100)	34,342,300)	32,050,000)	32,658,700)	39,500,400)
Adjustments
Add: Allowance for doubtful accounts	79,600)	92,500)	54,900)	51,300)	49,600)	38,100)
After Adjustment
Adjusted current assets	40,821,400)	31,656,600)	34,397,200)	32,101,300)	32,708,300)	39,538,500)

Based on: 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-06-30).

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Automatic Data Processing Inc., adjusted total assets

US$ in thousands

	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019	Jun 30, 2018	Jun 30, 2017	Jun 30, 2016
As Reported
Total assets	48,772,500)	39,165,500)	41,887,700)	37,088,700)	37,180,000)	43,670,000)
Adjustments
Add: Operating lease right-of-use asset (before adoption of FASB Topic 842)¹	—)	—)	542,858)	484,694)	428,436)	445,608)
Add: Allowance for doubtful accounts	79,600)	92,500)	54,900)	51,300)	49,600)	38,100)
Less: Long-term deferred tax assets (included in Other assets)²	48,300)	38,800)	64,000)	90,100)	93,400)	100,300)
After Adjustment
Adjusted total assets	48,803,800)	39,219,200)	42,421,458)	37,534,594)	37,564,636)	44,053,408)

Based on: 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-06-30).

¹ Operating lease right-of-use asset (before adoption of FASB Topic 842). See details »

² Long-term deferred tax assets (included in Other assets). See details »

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Automatic Data Processing Inc., adjusted current liabilities

US$ in thousands

	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019	Jun 30, 2018	Jun 30, 2017	Jun 30, 2016
As Reported
Current liabilities	38,094,800)	30,126,600)	32,627,700)	30,413,600)	29,815,900)	35,847,400)
Adjustments
Less: Short-term deferred revenues	203,900)	212,500)	220,700)	226,500)	232,900)	233,200)
After Adjustment
Adjusted current liabilities	37,890,900)	29,914,100)	32,407,000)	30,187,100)	29,583,000)	35,614,200)

Based on: 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-06-30).

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Automatic Data Processing Inc., adjusted total liabilities

US$ in thousands

	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019	Jun 30, 2018	Jun 30, 2017	Jun 30, 2016
As Reported
Total liabilities	43,102,400)	33,413,300)	36,487,800)	33,629,100)	33,203,000)	39,188,400)
Adjustments
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	542,858)	484,694)	428,436)	445,608)
Less: Long-term deferred tax liabilities²	482,900)	731,900)	659,900)	107,300)	163,100)	251,100)
Less: Deferred revenues	566,300)	583,100)	620,000)	604,300)	624,300)	614,300)
After Adjustment
Adjusted total liabilities	42,053,200)	32,098,300)	35,750,758)	33,402,194)	32,844,036)	38,768,608)

Based on: 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-06-30).

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Long-term deferred tax liabilities. See details »

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Automatic Data Processing Inc., adjusted stockholders’ equity

US$ in thousands

	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019	Jun 30, 2018	Jun 30, 2017	Jun 30, 2016
As Reported
Stockholders’ equity	5,670,100)	5,752,200)	5,399,900)	3,459,600)	3,977,000)	4,481,600)
Adjustments
Less: Net deferred tax assets (liabilities)¹	(434,700)	(693,200)	(595,900)	(17,200)	(69,700)	(150,800)
Add: Allowance for doubtful accounts	79,600)	92,500)	54,900)	51,300)	49,600)	38,100)
Add: Deferred revenues	566,300)	583,100)	620,000)	604,300)	624,300)	614,300)
After Adjustment
Adjusted stockholders’ equity	6,750,700)	7,121,000)	6,670,700)	4,132,400)	4,720,600)	5,284,800)

Based on: 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-06-30).

¹ Net deferred tax assets (liabilities). See details »

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Automatic Data Processing Inc., adjusted capitalization table

US$ in thousands

	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019	Jun 30, 2018	Jun 30, 2017	Jun 30, 2016
As Reported
Obligations under reverse repurchase agreements	23,500)	13,600)	262,000)	—)	—)	—)
Short-term debt	—)	1,001,800)	—)	—)	—)	—)
Long-term debt	2,985,000)	1,002,800)	2,002,200)	2,002,400)	2,002,400)	2,007,700)
Total reported debt	3,008,500)	2,018,200)	2,264,200)	2,002,400)	2,002,400)	2,007,700)
Stockholders’ equity	5,670,100)	5,752,200)	5,399,900)	3,459,600)	3,977,000)	4,481,600)
Total reported capital	8,678,600)	7,770,400)	7,664,100)	5,462,000)	5,979,400)	6,489,300)
Adjustments to Debt
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	542,858)	484,694)	428,436)	445,608)
Add: Current operating lease liability (recorded within Accrued expenses and other current liabilities)²	94,700)	95,500)	—)	—)	—)	—)
Add: Long-term operating lease liabilities³	343,200)	344,400)	—)	—)	—)	—)
Adjusted total debt	3,446,400)	2,458,100)	2,807,058)	2,487,094)	2,430,836)	2,453,308)
Adjustments to Equity
Less: Net deferred tax assets (liabilities)⁴	(434,700)	(693,200)	(595,900)	(17,200)	(69,700)	(150,800)
Add: Allowance for doubtful accounts	79,600)	92,500)	54,900)	51,300)	49,600)	38,100)
Add: Deferred revenues	566,300)	583,100)	620,000)	604,300)	624,300)	614,300)
Adjusted stockholders’ equity	6,750,700)	7,121,000)	6,670,700)	4,132,400)	4,720,600)	5,284,800)
After Adjustment
Adjusted total capital	10,197,100)	9,579,100)	9,477,758)	6,619,494)	7,151,436)	7,738,108)

Based on: 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-06-30).

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Current operating lease liability (recorded within Accrued expenses and other current liabilities). See details »

³ Long-term operating lease liabilities. See details »

⁴ Net deferred tax assets (liabilities). See details »

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Automatic Data Processing Inc., adjusted revenues

US$ in thousands

12 months ended:	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019	Jun 30, 2018	Jun 30, 2017	Jun 30, 2016
As Reported
Revenues	15,005,400)	14,589,800)	14,175,200)	13,325,800)	12,379,800)	11,667,800)
Adjustment
Add: Increase (decrease) in deferred revenues	(16,800)	(36,900)	(53,800)	(20,000)	10,000)	23,000)
After Adjustment
Adjusted revenues	14,988,600)	14,552,900)	14,121,400)	13,305,800)	12,389,800)	11,690,800)

Based on: 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-06-30).

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Automatic Data Processing Inc., adjusted net earnings

US$ in thousands

12 months ended:	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019	Jun 30, 2018	Jun 30, 2017	Jun 30, 2016
As Reported
Net earnings	2,598,500)	2,466,500)	2,292,800)	1,620,800)	1,733,400)	1,492,500)
Adjustments
Add: Deferred income tax expense (benefit)¹	(251,100)	26,000)	9,300)	500)	8,100)	700)
Add: Increase (decrease) in allowance for doubtful accounts	(12,900)	37,600)	3,600)	1,700)	11,500)	2,600)
Add: Increase (decrease) in deferred revenues	(16,800)	(36,900)	(53,800)	(20,000)	10,000)	23,000)
Less: Net loss from discontinued operations	—)	—)	—)	—)	—)	(900)
Add: Other comprehensive income (loss), net of tax	25,400)	242,500)	422,500)	(259,300)	(164,100)	45,500)
After Adjustment
Adjusted net earnings	2,343,100)	2,735,700)	2,674,400)	1,343,700)	1,598,900)	1,565,200)

Based on: 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-06-30).

¹ Deferred income tax expense (benefit). See details »

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Automatic Data Processing Inc. (NASDAQ:ADP)

Adjustments to Financial Statements

Adjustments to Current Assets

Adjustments to Total Assets

Adjustments to Current Liabilities

Adjustments to Total Liabilities

Adjustments to Stockholders’ Equity

Adjustments to Capitalization Table

Adjustments to Revenues

Adjustments to Reported Income