Stock Analysis on Net
Stock Analysis on Net

Automatic Data Processing Inc. (NASDAQ:ADP)

Balance Sheet: Assets
Quarterly Data

Beginner level

The balance sheet provides creditors, investors, and analysts with information on company’s resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company’s 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 (quarterly data)

US$ in thousands

Microsoft Excel LibreOffice Calc
Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 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
Cash and cash equivalents 1,613,100  1,908,500  1,705,000  1,500,400  1,403,900  1,949,200  1,826,200  2,785,600  1,490,300  2,170,000  2,293,600  1,773,400  2,363,600  2,780,400  2,995,500  2,705,200  2,776,600  3,191,100  2,941,400  2,794,900  3,184,700  1,639,300  1,808,600  1,850,800  2,175,700 
Short-term marketable securities —  —  3,200  7,200  3,545,100  10,500  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Accounts receivable, net of allowance for doubtful accounts 2,489,100  2,441,300  2,620,600  2,587,900  2,490,400  2,439,300  2,485,200  2,638,100  2,216,400  1,984,200  2,043,400  2,045,500  1,788,700  1,703,600  1,811,500  1,839,500  1,620,600  1,742,800  2,074,400  1,634,200  1,565,200  1,546,900  1,580,700  1,595,600  1,390,300 
Other current assets 762,900  506,200  545,500  660,900  675,900  509,100  534,400  653,000  846,500  758,000  730,300  1,079,800  1,164,100  883,200  820,300  837,000  939,800  725,300  751,700  894,100  917,500  757,700  701,000  962,600  3,088,700 
Current assets before funds held for clients 4,865,100  4,856,000  4,874,300  4,756,400  8,115,300  4,908,100  4,845,800  6,076,700  4,553,200  4,912,200  5,067,300  4,898,700  5,316,400  5,367,200  5,627,300  5,381,700  5,337,000  5,659,200  5,767,500  5,323,200  5,667,400  3,943,900  4,090,300  4,409,000  6,654,700 
Funds held for clients 29,950,300  26,708,100  30,834,400  36,608,600  21,393,200  29,434,200  36,078,200  25,605,900  25,402,700  27,137,800  33,646,700  34,451,300  25,686,200  27,291,500  33,887,100  30,426,400  24,787,200  33,841,200  41,051,500  30,336,000  24,508,700  24,865,300  28,702,500  34,707,000  19,138,700 
Current assets 34,815,400  31,564,100  35,708,700  41,365,000  29,508,500  34,342,300  40,924,000  31,682,600  29,955,900  32,050,000  38,714,000  39,350,000  31,002,600  32,658,700  39,514,400  35,808,100  30,124,200  39,500,400  46,819,000  35,659,200  30,176,100  28,809,200  32,792,800  39,116,000  25,793,400 
Long-term receivables, net of allowance for doubtful accounts 16,100  18,600  21,600  21,600  22,100  23,800  25,600  25,200  25,200  25,500  27,300  27,400  27,300  28,000  27,000  24,600  26,600  27,100  27,500  31,300  32,600  32,200  31,300  32,000  32,700 
Property, plant and equipment, net 701,500  703,900  743,100  761,300  767,100  764,200  765,800  772,700  787,700  793,700  794,600  799,900  800,400  779,900  750,600  733,200  701,000  685,000  668,800  679,600  680,300  672,700  646,000  650,300  650,700 
Operating lease right-of-use asset 479,000  493,700  521,100  500,200  504,000  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Deferred contract costs 2,397,900  2,401,600  2,403,000  2,397,300  2,401,400  2,428,500  2,361,600  2,338,000  2,352,300  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Other assets 438,000  458,400  579,900  596,600  1,129,400  934,400  740,300  739,700  1,053,400  1,089,600  1,391,000  1,371,200  1,386,200  1,352,200  1,242,400  1,228,200  1,233,300  1,241,300  1,407,100  1,362,900  1,330,500  1,299,700  1,353,400  1,372,100  1,373,300 
Goodwill 2,326,300  2,309,400  2,299,300  2,314,900  2,303,300  2,323,000  2,316,100  2,321,400  2,325,000  2,243,500  2,263,300  2,164,300  1,757,300  1,741,000  1,726,700  1,652,900  1,698,500  1,682,000  1,689,300  1,671,200  1,684,600  1,793,500  1,785,500  1,833,400  1,857,600 
Intangible assets, net 1,215,900  1,215,800  1,106,700  1,102,500  1,078,900  1,071,500  1,062,900  926,700  917,200  886,400  875,300  832,700  687,300  620,200  594,800  552,400  553,800  534,200  513,900  495,300  476,200  503,200  498,300  499,300  500,400 
Noncurrent assets 7,574,700  7,601,400  7,674,700  7,694,400  8,206,200  7,545,400  7,272,300  7,123,700  7,460,800  5,038,700  5,351,500  5,195,500  4,658,500  4,521,300  4,341,500  4,191,300  4,213,200  4,169,600  4,306,600  4,240,300  4,204,200  4,301,300  4,314,500  4,387,100  4,414,700 
Total assets 42,390,100  39,165,500  43,383,400  49,059,400  37,714,700  41,887,700  48,196,300  38,806,300  37,416,700  37,088,700  44,065,500  44,545,500  35,661,100  37,180,000  43,855,900  39,999,400  34,337,400  43,670,000  51,125,600  39,899,500  34,380,300  33,110,500  37,107,300  43,503,100  30,208,100 

Based on: 10-Q (filing date: 2020-10-30), 10-K (filing date: 2020-08-05), 10-Q (filing date: 2020-05-01), 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).


Assets: Selected Items

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.’s current assets decreased from Q3 2020 to Q4 2020 but then increased from Q4 2020 to Q1 2021 not reaching Q3 2020 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.’s property, plant and equipment, net decreased from Q3 2020 to Q4 2020 and from Q4 2020 to Q1 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.’s noncurrent assets decreased from Q3 2020 to Q4 2020 and from Q4 2020 to Q1 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.’s total assets decreased from Q3 2020 to Q4 2020 but then increased from Q4 2020 to Q1 2021 not reaching Q3 2020 level.

Current Assets: Selected Items

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.’s cash and cash equivalents increased from Q3 2020 to Q4 2020 but then decreased significantly from Q4 2020 to Q1 2021.
Short-term marketable securities Amount of investment in marketable security, classified as current.
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.’s accounts receivable, net of allowance for doubtful accounts decreased from Q3 2020 to Q4 2020 but then slightly increased from Q4 2020 to Q1 2021.