Company: ADP
Filing Date: 2025-08-06
Form Type: 10-K
Source: 0000008670-25-000037
Chunk: 91

Company: AUTOMATIC DATA PROCESSING INC
Filing Date: 2025-08-06
Form: 10-K
Item: Item 8
Chunk 91
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 asset374.1 370.6 Deferred contract costs3,154.1 2,965.0 Other assets1,052.6 1,102.1 Goodwill3,273.5 2,353.6 Intangible assets, net1,603.0 1,336.0 Total assets$53,369.3 $54,362.7 Liabilities and Stockholders' Equity  Current liabilities: Accounts payable$169.1 $100.6 Accrued expenses and other current liabilities3,092.4 3,350.1 Accrued payroll and payroll-related expenses973.1 958.7 Dividends payable620.6 566.4 Short-term deferred revenues262.8 199.8 Obligations under reverse repurchase agreements (A)38.4 385.4 Obligations under commercial paper borrowings4,769.5 — Income taxes payable9.1 15.1 Total current liabilities before client funds obligations9,935.0 5,576.1 Client funds obligations31,343.3 39,503.9 Total current liabilities41,278.3 45,080.0 Long-term debt3,974.7 2,991.3 Operating lease liabilities321.2 328.6 Other liabilities1,058.3 990.8 Deferred income taxes163.6 64.3 Long-term deferred revenues385.2 360.1 Total liabilities47,181.3 49,815.1 Commitments and Contingencies (Note 13)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 June 30, 2025 and June 30, 2024; outstanding, 405.3 and 408.1 shares at June 30, 2025 and June 30, 2024, respectively63.9 63.9 Capital in excess of par value2,788.3 2,406.9 Retained earnings25,240.6 23,622.2 Treasury stock - at cost: 233.4