Company: ADP
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000008670-25-000015
Chunk: 27

Company: AUTOMATIC DATA PROCESSING INC
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 1
Chunk 27
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 Client funds obligations40,063.2 39,503.9 Total current liabilities45,845.4 45,080.0 Long-term debt2,982.5 2,991.3 Operating lease liabilities283.2 328.6 Other liabilities991.2 990.8 Deferred income taxes129.1 64.3 Long-term deferred revenues361.9 360.1 Total liabilities50,593.3 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 March 31, 2025 and June 30, 2024; outstanding, 406.3 and 408.1 shares at March 31, 2025 and June 30, 2024, respectively63.9 63.9 Capital in excess of par value2,720.8 2,406.9 Retained earnings24,956.6 23,622.2 Treasury stock - at cost: 232.4 and 230.6 shares at March 31, 2025 and June 30, 2024, respectively(20,700.0)(19,737.1)Accumulated other comprehensive loss(1,186.0)(1,808.3)Total stockholders’ equity5,855.3 4,547.6 Total liabilities and stockholders’ equity$56,448.6 $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)

Nine Months EndedMarch 31,20252024Cash Flows from Operating Activities:Net earnings$3,169.0 $2,922.7 Adjustments to reconcile net earnings to cash flows provided by operating activities:  Depreciation and amort