Balance Sheet: Assets
Quarterly Data

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 (quarterly data)

US$ in thousands

	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	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
Cash and cash equivalents	1,634,200)	1,745,000)	1,602,100)	2,575,200)	1,891,500)	1,602,200)	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)
Accounts receivable, net of allowance for doubtful accounts	3,250,700)	2,736,000)	2,769,700)	2,727,400)	2,765,400)	2,509,800)	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)
Other current assets	699,300)	735,900)	867,500)	533,400)	604,500)	684,100)	762,900)	506,200)	548,700)	668,100)	4,221,000)	519,600)	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)
Current assets before funds held for clients	5,584,200)	5,216,900)	5,239,300)	5,836,000)	5,261,400)	4,796,100)	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)
Funds held for clients	58,319,600)	45,890,400)	46,808,600)	34,905,800)	41,491,000)	36,866,200)	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)
Current assets	63,903,800)	51,107,300)	52,047,900)	40,741,800)	46,752,400)	41,662,300)	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)
Long-term receivables, net of allowance for doubtful accounts	10,200)	9,400)	10,100)	11,500)	12,900)	15,300)	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)
Property, plant and equipment, net	650,500)	644,500)	648,700)	684,500)	701,400)	692,700)	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)
Operating lease right-of-use asset	445,500)	472,100)	462,400)	462,200)	493,800)	501,100)	479,000)	493,700)	521,100)	500,200)	504,000)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Deferred contract costs	2,496,700)	2,448,100)	2,463,200)	2,498,200)	2,425,500)	2,417,200)	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	910,000)	868,000)	817,500)	825,800)	475,100)	483,500)	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)
Goodwill	2,324,100)	2,330,700)	2,325,800)	2,338,400)	2,333,800)	2,346,600)	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)
Intangible assets, net	1,327,300)	1,222,500)	1,211,600)	1,210,100)	1,212,800)	1,207,200)	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)
Noncurrent assets	8,164,300)	7,995,300)	7,939,300)	8,030,700)	7,655,300)	7,663,600)	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)
Total assets	72,068,100)	59,102,600)	59,987,200)	48,772,500)	54,407,700)	49,325,900)	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)

The financial data reveals multiple trends across the reported periods, demonstrating fluctuations in both asset categories and overall asset levels.

Cash and Cash Equivalents: There is an observable decline in cash and cash equivalents from 3,184,700 thousand USD at the end of September 2015 to a low around 1,403,900 thousand USD by September 2019. Subsequently, the balance fluctuates within a range of approximately 1,600,000 to 2,575,200 thousand USD up until March 2022, without a clear upward or downward trend in the last few periods.
Accounts Receivable, Net: This item generally exhibits an upward trend from 1,565,200 thousand USD in September 2015, peaking significantly at 3,250,700 thousand USD in March 2022. The usual fluctuations within quarters indicate increased credit sales or collection timing variations, but the long-term trajectory suggests growth in receivables.
Other Current Assets: Other current assets show considerable volatility, with values ranging from 4,221,000 thousand USD in September 2019 down to as low as 422,100 thousand USD in the same period, raising a question about possible one-time items or reclassifications. A notable spike occurs in September 2019, followed by a steep decrease and relative stabilization towards the end of the data series.
Current Assets before Funds Held for Clients: This category remains relatively stable overall, fluctuating around the 4,500,000 to 8,100,000 thousand USD range, with a dramatic increase in June 2019 potentially linked to the aforementioned spike in other current assets.
Funds Held for Clients: This financial item shows significant increases and variability. Starting at 24,508,700 thousand USD in September 2015, reaching highs such as 58,319,600 thousand USD by March 2022, with pronounced quarterly oscillations possibly reflecting client activity or market factors affecting held funds.
Current Assets: Current assets overall follow a pattern largely influenced by the substantial fluctuations in funds held for clients. From around 30,176,100 thousand USD in September 2015, there is a steady increase toward approximately 63,903,800 thousand USD by March 2022, demonstrating asset growth with some volatility.
Long-term Receivables, Net: Long-term receivables show a gradual decline from 32,600 thousand USD in September 2015 to about 10,200 thousand USD in March 2022, suggesting a reduction in longer-term receivables or potential write-offs.
Property, Plant, and Equipment, Net: This asset category shows relative stability with minor fluctuations, peaking close to 800,400 thousand USD in September 2017 before a gradual decline to approximately 650,500 thousand USD in March 2022, indicating limited capital expenditure or disposals.
Operating Lease Right-of-Use Asset: Data starting from 2019 shows this asset around 462,200 to 521,100 thousand USD, reflecting the adoption of new lease accounting standards and establishing a new asset class.
Deferred Contract Costs: Deferred contract costs remain fairly constant between 2,338,000 and 2,498,200 thousand USD from 2017 onward, indicating consistent contract activity and capitalization of associated costs.
Other Assets: Other assets display notable volatility, with values dropping sharply from around 1,339,500 thousand USD in early periods to as low as 438,000 thousand USD in 2020, then increasing again towards 910,000 thousand USD in March 2022, suggesting asset reclassification or impairments.
Goodwill: Goodwill values remain relatively steady, with a mild increase from approximately 1,684,600 thousand USD in 2015 to a plateau around 2,330,000 thousand USD from 2017 onward, indicating acquisitions without significant impairment.
Intangible Assets, Net: Intangible assets exhibit consistent growth from 476,200 thousand USD in 2015 to 1,327,300 thousand USD by March 2022, implying ongoing investments or capitalization of intangible assets over time.
Noncurrent Assets: Noncurrent assets show a gradual increase from 4,204,200 thousand USD in 2015 to approximately 8,164,300 thousand USD by March 2022, reflecting growth in longer-term investments such as property, equipment, goodwill, and intangible assets.
Total Assets: Total assets experience considerable fluctuations with overall growth. From 34,380,300 thousand USD in 2015, the figure rises and falls through periodic cycles, reaching a notable peak of approximately 72,068,100 thousand USD by March 2022. This growth is influenced mainly by increases in current assets, particularly funds held for clients, and noncurrent assets.

Assets: Selected Items

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Current Assets: Selected Items

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Automatic Data Processing Inc. (NASDAQ:ADP)

Balance Sheet: Assets Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data