AUTOMATIC DATA PROCESSING INC
For the period ended Sep 30, 2025. Filed Oct 31, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Oct 31, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets At September , 2025 and June 30,
Consolidated Balance Sheets
(In millions, except per share amounts)
| September 30, | June 30, | |
|---|---|---|
| 2025 | 2025 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $2,478.0 | $3,347.8 |
| Short-term marketable securities (A) | 5,466.1 | 4,498.8 |
| Accounts receivable, net of allowance for doubtful accounts of $46.0 and $47.1, respectively | 3,463.6 | 3,579.1 |
| Other current assets | 1,094.9 | 840.8 |
| Total current assets before funds held for clients | 12,502.6 | 12,266.5 |
| Funds held for clients | 31,699.9 | 30,985.7 |
| Total current assets | 44,202.5 | 43,252.2 |
| Property, plant and equipment, net | 646.7 | 655.4 |
| Operating lease right-of-use asset | 392.7 | 374.1 |
| Deferred contract costs | 3,120.8 | 3,154.1 |
| Other assets | 1,084.9 | 1,057.0 |
| Goodwill | 3,275.2 | 3,273.5 |
| Intangible assets, net | 1,598.0 | 1,603.0 |
| Total assets | $54,320.8 | $53,369.3 |
| Liabilities and Stockholders' Equity | ||
| Current liabilities: | ||
| Accounts payable | $129.0 | $169.1 |
| Accrued expenses and other current liabilities | 2,906.6 | 3,092.4 |
| Accrued payroll and payroll-related expenses | 601.9 | 973.1 |
| Dividends payable | 618.9 | 620.6 |
| Short-term deferred revenues | 258.1 | 262.8 |
| Obligations under reverse repurchase agreements (A) | 247.4 | 38.4 |
| Obligations under commercial paper borrowings | 5,208.0 | 4,769.5 |
| Income taxes payable | 116.5 | 9.1 |
| Total current liabilities before client funds obligations | 10,086.4 | 9,935.0 |
| Client funds obligations | 31,845.6 | 31,343.3 |
| Total current liabilities | 41,932.0 | 41,278.3 |
| Long-term debt | 3,975.6 | 3,974.7 |
| Operating lease liabilities | 341.7 | 321.2 |
| Other liabilities | 1,041.4 | 1,058.3 |
| Deferred income taxes | 272.4 | 163.6 |
| Long-term deferred revenues | 383.9 | 385.2 |
| Total liabilities | 47,947.0 | 47,181.3 |
| 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 September 30, 2025 and June 30, 2025; outstanding, 404.9 and 405.3 shares at September 30, 2025 and June 30, 2025, respectively | 63.9 | 63.9 |
| Capital in excess of par value | 2,868.0 | 2,788.3 |
| Retained earnings | 25,622.4 | 25,240.6 |
| Treasury stock - at cost: 233.8 and 233.4 shares at September 30, 2025 and June 30, 2025, respectively | (21,449.8) | (21,021.4) |
| Accumulated other comprehensive loss | (730.7) | (883.4) |
| Total stockholders’ equity | 6,373.8 | 6,188.0 |
| Total liabilities and stockholders’ equity | $54,320.8 | $53,369.3 |
(A)As of September 30, 2025, $247.4 million of short-term marketable securities have been pledged as collateral under the Company's reverse repurchase agreements. As of June 30, 2025, $38.4 million of short-term marketable securities have been pledged as collateral under the Company's reverse repurchase agreements (see Note 10).
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