Financial Statements

Automatic Data Processing, Inc. (ADP)

$249.74

+1.41 (+0.57%)

Balance Sheet Statement

All numbers are in thousands
Year XLSX
2023
XLSX
2022
XLSX
2021
XLSX
2020
XLSX
2019
Total assets 50,971,00063,068,20048,772,50039,165,50041,887,700
Total Current Assets 42,170,60054,804,90040,741,80031,564,10034,342,300
Cash and Short Term Investments 2,083,5001,436,3002,575,2001,908,5001,949,200
Cash and cash equivalents 2,083,5001,436,3002,575,2001,908,5001,949,200
Short Term Investments 14,70047,00010,400-10,500
Receivables 3,009,6003,170,6002,727,4002,441,3002,439,300
Inventory 36,333,600-34,905,80026,708,100-
Other Current Assets 743,90050,198,000533,400506,20029,953,800
Total non-current Assets 8,800,4008,263,3008,030,7007,601,4007,545,400
Property, Plant & Equipment Net 1,083,8001,103,5001,146,7001,197,600764,200
Goodwill and Intangible Assets 3,683,0003,633,6003,548,5003,525,2003,394,500
Goodwill 3,683,0003,633,6003,548,5003,525,2003,394,500
Intangible Assets 1,343,6001,333,1001,210,1001,215,8001,071,500
Long Term Investments -73,600122,100-482,900-731,900-659,900
Other non-current Assets 4,033,6003,337,1003,335,5002,878,6003,386,700
Total liabilities 47,461,90059,842,90043,102,40033,413,30036,487,800
Total current liabilities 42,767,60055,158,70038,094,80030,126,60032,627,700
Payables 96,800110,200141,100102,000125,500
Short Term debt 3,838,200136,40023,5001,001,800262,000
Deferred revenue 188,600188,200203,900212,500220,700
Other Current Liabilities 38,644,00054,723,90037,726,30028,810,30032,019,500
Total non-current liabilities 4,694,3004,684,2005,007,6003,286,7003,860,100
Long Term debt 3,338,9003,358,0003,328,2001,347,2002,002,200
Other non-current Liabilities 933,700924,200834,100837,000798,700
Total shareholders equity 3,509,1003,225,3005,670,1005,752,2005,399,900
Common Stock 63,90063,90063,90063,90063,900
Retained earnings 22,118,00020,696,30019,451,10018,436,30017,500,600
Accumulated Other Comprehensive Income Loss -2,305,800-1,993,70010,600-14,800-257,300
Other Stockholders Equity -16,367,000-15,541,200-13,855,500-12,733,200-11,907,300
Total debt 3,338,9003,494,4003,328,2002,349,0002,002,200
Total Investments -73,600169,100-482,900-731,900-659,900
Net Debt 1,255,4002,058,100753,000440,50053,000

Automatic Data Processing, Inc. income statement is the only one that provides an overview of company sales and net income
The reasoning behind the adjustment, however, is that free cash flow is meant to measure money being spent right now, not transactions that happened in the past. This makes Automatic Data Processing, Inc. FCF a useful instrument for identifying growing companies with high up-front costs, which may eat into earnings now but have the potential to pay off later.