Balance Sheet: Liabilities and Stockholders’ Equity

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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

Automatic Data Processing Inc., consolidated balance sheet: liabilities and stockholders’ equity

US$ in thousands

	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019	Jun 30, 2018	Jun 30, 2017	Jun 30, 2016
Accounts payable	141,100)	102,000)	125,500)	135,400)	149,700)	152,300)
Accrued expenses and other current liabilities	1,963,300)	1,980,700)	1,759,000)	1,547,700)	1,381,900)	1,246,800)
Accrued payroll and payroll-related expenses	910,200)	557,000)	721,100)	667,700)	562,500)	616,700)
Dividends payable	390,800)	387,300)	340,100)	298,900)	250,500)	238,400)
Short-term deferred revenues	203,900)	212,500)	220,700)	226,500)	232,900)	233,200)
Obligations under reverse repurchase agreements	23,500)	13,600)	262,000)	—)	—)	—)
Short-term debt	—)	1,001,800)	—)	—)	—)	—)
Income taxes payable	58,200)	40,100)	54,800)	43,900)	49,000)	28,200)
Current liabilities before client funds obligations	3,691,000)	4,295,000)	3,483,200)	2,920,100)	2,626,500)	2,515,600)
Client funds obligations	34,403,800)	25,831,600)	29,144,500)	27,493,500)	27,189,400)	33,331,800)
Current liabilities	38,094,800)	30,126,600)	32,627,700)	30,413,600)	29,815,900)	35,847,400)
Long-term debt	2,985,000)	1,002,800)	2,002,200)	2,002,400)	2,002,400)	2,007,700)
Long-term operating lease liabilities	343,200)	344,400)	—)	—)	—)	—)
Other liabilities	834,100)	837,000)	798,700)	728,000)	830,200)	701,100)
Deferred income taxes	482,900)	731,900)	659,900)	107,300)	163,100)	251,100)
Long-term deferred revenues	362,400)	370,600)	399,300)	377,800)	391,400)	381,100)
Noncurrent liabilities	5,007,600)	3,286,700)	3,860,100)	3,215,500)	3,387,100)	3,341,000)
Total liabilities	43,102,400)	33,413,300)	36,487,800)	33,629,100)	33,203,000)	39,188,400)
Preferred stock, $1.00 par value; issued, none	—)	—)	—)	—)	—)	—)
Common stock, $0.10 par value	63,900)	63,900)	63,900)	63,900)	63,900)	63,900)
Capital in excess of par value	1,531,300)	1,333,800)	1,183,200)	1,014,800)	867,800)	768,100)
Retained earnings	19,451,100)	18,436,300)	17,500,600)	15,271,300)	14,728,200)	14,003,300)
Treasury stock, at cost	(15,386,800)	(14,067,000)	(13,090,500)	(12,209,600)	(11,303,700)	(10,138,600)
Accumulated other comprehensive income (loss)	10,600)	(14,800)	(257,300)	(680,800)	(379,200)	(215,100)
Stockholders’ equity	5,670,100)	5,752,200)	5,399,900)	3,459,600)	3,977,000)	4,481,600)
Total liabilities and stockholders’ equity	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).

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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. current liabilities decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level.
Noncurrent liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	Automatic Data Processing Inc. noncurrent liabilities decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level.
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. total liabilities decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 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 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. stockholders’ equity increased from 2019 to 2020 but then slightly decreased from 2020 to 2021.

Automatic Data Processing Inc. (NASDAQ:ADP)

Balance Sheet: Liabilities and Stockholders’ Equity