Stock Analysis on Net
Stock Analysis on Net

Automatic Data Processing Inc. (NASDAQ:ADP)

$22.49

This company has been moved to the archive! The financial data has not been updated since April 29, 2022.

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

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Automatic Data Processing Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

Microsoft Excel
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
Accounts payable
Accrued expenses and other current liabilities
Accrued payroll and payroll-related expenses
Dividends payable
Short-term deferred revenues
Obligations under reverse repurchase agreements
Obligations under commercial paper borrowings
Short-term debt
Income taxes payable
Current liabilities before client funds obligations
Client funds obligations
Current liabilities
Long-term debt
Long-term operating lease liabilities
Other liabilities
Deferred income taxes
Long-term deferred revenues
Noncurrent liabilities
Total liabilities
Preferred stock, $1.00 par value; issued, none
Common stock, $0.10 par value
Capital in excess of par value
Retained earnings
Treasury stock, at cost
Accumulated other comprehensive income (loss)
Stockholders’ equity
Total liabilities and stockholders’ equity

Based on: 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-K (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-K (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-K (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-K (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-K (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-Q (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-K (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-Q (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30).

Accounts Payable
Accounts payable as a percentage of total liabilities and stockholders’ equity shows a generally decreasing trend from 0.43% in September 2015 to 0.11% by March 2022, indicating a gradual reduction in payment obligations relative to total financing.
Accrued Expenses and Other Current Liabilities
This category exhibits volatility with values fluctuating between 2.63% and 5.3%, peaking around December 2018 and subsequent dates, showing intermittent increases in short-term obligations not yet paid.
Accrued Payroll and Payroll-Related Expenses
Accrued payroll and related liabilities remained relatively stable, with minor fluctuations generally between about 1.0% and 1.8%, indicating consistent payroll-related short-term liabilities over the observed periods.
Dividends Payable
Dividends payable stayed fairly stable between 0.47% and 0.99%, with some cyclical movement but no significant sustained trend, suggesting steady dividend payment obligations relative to total financing sources.
Short-Term Deferred Revenues
Short-term deferred revenues showed minor fluctuations mostly within the 0.27% to 0.65% range, reflecting relatively steady short-term obligations for revenues received in advance.
Obligations under Reverse Repurchase Agreements and Commercial Paper Borrowings
These categories appear intermittently with notable spikes, including a peak in commercial paper borrowings around early 2019 at 9.38%. This indicates occasional reliance on short-term financing arrangements.
Short-Term Debt
Short-term debt values were reported mainly from mid-2019, showing moderate variances around 2% to 2.65%, signaling a small but consistent portion of financing from short-term borrowings during that interval.
Income Taxes Payable
Income taxes payable maintain low percentages, generally under 0.33%, suggesting these liabilities form a minor component of total liabilities and equity.
Current Liabilities Before Client Funds Obligations
This category exhibits significant volatility, peaking sharply at 21.71% in September 2019, which may reflect abnormal short-term obligations during that period, but generally stays between around 5% and 11% otherwise.
Client Funds Obligations
Client funds obligations constitute a very large portion of total liabilities and equity, ranging roughly from 55.7% to 82.4%, indicating this is the dominant liability and fluctuates noticeably over time with a declining trend around late 2019 before increasing again towards 2022.
Current Liabilities
Current liabilities overall remain high, consistently representing around 75% to 87% of total liabilities and equity, reflecting a strong weighting towards short-term financial obligations with some cyclical fluctuations.
Long-Term Debt
Long-term debt demonstrates a general downward trend from approximately 5.8% in September 2015 to close to 4.14% by March 2022, with a notable dip during 2019 and 2020, implying decreasing reliance on long-term borrowing.
Long-Term Operating Lease Liabilities
Reported only from 2019 onwards, these liabilities fluctuate mildly between 0.48% and 0.94%, indicating a modest and relatively stable financial commitment under operating leases.
Other Liabilities
Other liabilities display minor fluctuations mostly between 1.3% and 2.3%, remaining a small and relatively steady portion of the total financing structure.
Deferred Income Taxes
This component shows variability, peaking at about 1.88% in late 2019 and gradually declining towards 0.19% by early 2022, indicating shifting deferred tax obligations and possibly reflecting changes in tax positions or timing differences.
Long-Term Deferred Revenues
Long-term deferred revenues maintain low and somewhat stable levels, generally below 1.2%, with a slight decreasing tendency over time, signaling limited long-term unearned revenue.
Noncurrent Liabilities
Noncurrent liabilities show fluctuations between around 6.6% and 10.3%, with some peaks in late 2020 and early 2021, but no clear upward or downward trend, suggesting relatively stable long-term liability levels with intermittent variation.
Total Liabilities
Total liabilities consistently account for the vast majority of total financing, generally between approximately 85% and 94%, indicating a heavy reliance on liabilities versus equity.
Common Stock and Capital in Excess of Par Value
Common stock as a percentage remains very low and generally declines slightly over time from 0.19% to 0.09%. Capital in excess of par value shows a slight upward trend, indicating growing additional paid-in capital, rising from approximately 1.4% to around 3.4% at peaks before declining slightly towards early 2022.
Retained Earnings
Retained earnings show substantial volatility, fluctuating between about 27% and 47%, with peak values often alternating with troughs, reflecting varying profitability and distributions over the periods. There is no consistent long-term trend but notable swings likely tied to company performance and dividend policies.
Treasury Stock
Treasury stock is consistently negative, ranging between -35.9% and -19.7%, with pronounced fluctuations indicative of ongoing share repurchase activity affecting equity deductions over time.
Accumulated Other Comprehensive Income (Loss)
This item fluctuates between a loss of nearly -1.75% and small positive balances around 0.08%. The pattern shows overall minor negative comprehensive income impacts that vary throughout the periods, reflecting currency translation adjustments or other comprehensive items.
Stockholders’ Equity
Stockholders’ equity as a share of total financing fluctuates significantly, moving between approximately 5.8% and 14.7%, often inversely related to liabilities. The lowest equity proportions occur toward the end of the period, indicating increasing leverage.