Company: ADP
Filing Date: 2025-01-30
Form Type: 10-Q
Source: 0000008670-25-000007
Chunk: 26

Company: AUTOMATIC DATA PROCESSING INC
Filing Date: 2025-01-30
Form: 10-Q
Item: Part I, Item 1
Chunk 26
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48,482.2 39,503.9 Total current liabilities54,303.1 45,080.0 Long-term debt2,982.0 2,991.3 Operating lease liabilities300.3 328.6 Other liabilities999.3 990.8 Deferred income taxes90.8 64.3 Long-term deferred revenues343.1 360.1 Total liabilities59,018.6 49,815.1 Commitments and contingencies (Note 14)Stockholders' equity:  Preferred stock, $1.00 par value: authorized, 0.3 shares; issued, none— — Common stock, $0.10 par value: authorized, 1,000.0 shares; issued, 638.7 shares at December 31, 2024 and June 30, 2024; outstanding, 406.9 and 408.1 shares at December 31, 2024 and June 30, 2024, respectively63.9 63.9 Capital in excess of par value2,619.6 2,406.9 Retained earnings24,335.6 23,622.2 Treasury stock - at cost: 231.8 and 230.6 shares at December 31, 2024 and June 30, 2024, respectively(20,412.3)(19,737.1)Accumulated other comprehensive (loss)/ income(1,528.7)(1,808.3)Total stockholders’ equity5,078.1 4,547.6 Total liabilities and stockholders’ equity$64,096.7 $54,362.7 

(A) As of June 30, 2024, $384.0 million of short-term marketable securities and $1.4 million of cash and cash equivalents have been pledged as collateral under the Company's reverse repurchase agreements (see Note 10).

See notes to the Consolidated Financial Statements.

5

Automatic Data Processing, Inc. and SubsidiariesStatements of Consolidated Cash Flows(In millions)(Unaudited)

Six Months EndedDecember 31,20242023Cash Flows from Operating Activities:Net earnings$1,919.5 $1,737.8 Adjustments to reconcile net earnings to cash flows provided by operating activities:  Depreciation and amortization