Company: ADP
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000008670-25-000015
Chunk: 26

Company: AUTOMATIC DATA PROCESSING INC
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 1
Chunk 26
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loss), net of tax342.7 (106.7)622.3 453.9 Comprehensive income$1,592.2 $1,078.2 $3,791.3 $3,376.6 

See notes to the Consolidated Financial Statements. 

4

Automatic Data Processing, Inc. and Subsidiaries

Consolidated Balance Sheets

(In millions, except per share amounts)

(Unaudited)March 31,June 30,20252024AssetsCurrent assets:  Cash and cash equivalents$2,680.6 $2,913.4     Accounts receivable, net of allowance for doubtful accounts of $48.2 and $52.2, respectively3,547.9 3,428.2 Other current assets 933.1 1,204.8 Total current assets before funds held for clients7,161.6 7,546.4 Funds held for clients39,375.2 37,996.1 Total current assets46,536.8 45,542.5 Long-term receivables, net of allowance for doubtful accounts of $0.2 and $0.1, respectively5.1 7.3 Property, plant and equipment, net670.4 685.6 Operating lease right-of-use asset335.6 370.6 Deferred contract costs2,996.3 2,965.0 Other assets999.9 1,102.1 Goodwill3,300.2 2,353.6 Intangible assets, net1,604.3 1,336.0 Total assets$56,448.6 $54,362.7 Liabilities and Stockholders' Equity  Current liabilities:  Accounts payable$146.3 $100.6 Accrued expenses and other current liabilities2,977.2 3,349.0 Accrued payroll and payroll-related expenses732.1 958.7 Dividends payable620.7 566.4 Short-term deferred revenues241.3 199.8 Obligations under reverse repurchase agreements (A)— 385.4 Short-term debt1,000.7 1.1 Income taxes payable63.9 15.1 Total current liabilities before client funds obligations5,782.2 5,576.1