Balance Sheet: Assets

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Automatic Data Processing Inc., consolidated balance sheet: assets

US$ in thousands

	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019	Jun 30, 2018	Jun 30, 2017	Jun 30, 2016
Cash and cash equivalents	2,575,200)	1,908,500)	1,949,200)	2,170,000)	2,780,400)	3,191,100)
Accounts receivable, net of allowance for doubtful accounts	2,727,400)	2,441,300)	2,439,300)	1,984,200)	1,703,600)	1,742,800)
Other current assets	533,400)	506,200)	519,600)	758,000)	883,200)	725,300)
Current assets before funds held for clients	5,836,000)	4,856,000)	4,908,100)	4,912,200)	5,367,200)	5,659,200)
Funds held for clients	34,905,800)	26,708,100)	29,434,200)	27,137,800)	27,291,500)	33,841,200)
Current assets	40,741,800)	31,564,100)	34,342,300)	32,050,000)	32,658,700)	39,500,400)
Long-term receivables, net of allowance for doubtful accounts	11,500)	18,600)	23,800)	25,500)	28,000)	27,100)
Property, plant and equipment, net	684,500)	703,900)	764,200)	793,700)	779,900)	685,000)
Operating lease right-of-use asset	462,200)	493,700)	—)	—)	—)	—)
Deferred contract costs	2,498,200)	2,401,600)	2,428,500)	—)	—)	—)
Other assets	825,800)	458,400)	934,400)	1,089,600)	1,352,200)	1,241,300)
Goodwill	2,338,400)	2,309,400)	2,323,000)	2,243,500)	1,741,000)	1,682,000)
Intangible assets, net	1,210,100)	1,215,800)	1,071,500)	886,400)	620,200)	534,200)
Noncurrent assets	8,030,700)	7,601,400)	7,545,400)	5,038,700)	4,521,300)	4,169,600)
Total assets	48,772,500)	39,165,500)	41,887,700)	37,088,700)	37,180,000)	43,670,000)

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).

Assets: Selected Items

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Balance sheet item	Description	The company
Current assets	Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.	Automatic Data Processing Inc. current assets decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level.
Property, plant and equipment, net	Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.	Automatic Data Processing Inc. property, plant and equipment, net decreased from 2019 to 2020 and from 2020 to 2021.
Noncurrent assets	Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer.	Automatic Data Processing Inc. noncurrent assets increased from 2019 to 2020 and from 2020 to 2021.
Total assets	Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.	Automatic Data Processing Inc. total assets decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level.

Current Assets: Selected Items

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Balance sheet item	Description	The company
Cash and cash equivalents	Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.	Automatic Data Processing Inc. cash and cash equivalents decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level.
Accounts receivable, net of allowance for doubtful accounts	Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.	Automatic Data Processing Inc. accounts receivable, net of allowance for doubtful accounts increased from 2019 to 2020 and from 2020 to 2021.

Automatic Data Processing Inc. (NASDAQ:ADP)

Balance Sheet: Assets

Assets: Selected Items

Current Assets: Selected Items