ADP 2000 Annual Report Download - page 24

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22
[consolidated balance sheets]Automatic Data Processing, Inc. and Subsidiaries
(In thousands, except per share amounts)
Years ended June 30, 2000 1999
Assets
Current assets:
Cash and cash equivalents $ 1,227,637 $ 861,280
Short-term marketable securities 596,792 231,214
Accounts receivable 899,314 860,836
Other current assets 340,709 240,927
Total current assets 3,064,452 2,194,257
Long-term marketable securities 628,120 1,076,546
Long-term receivables 245,249 213,413
Property, plant and equipment:
Land and buildings 439,022 400,189
Data processing equipment 612,608 550,757
Furniture, leaseholds and other 498,354 449,862
1,549,984 1,400,808
Less accumulated depreciation (952,715) (821,514)
597,269 579,294
Other assets 271,136 228,936
Intangibles 1,623,701 1,532,374
Total assets before funds held for clients 6,429,927 5,824,820
Funds held for clients 10,420,889 7,014,733
Total assets $16,850,816 $12,839,553
Liabilities and Shareholders’ Equity
Current liabilities:
Notes payable $ 21,523 $ 66,952
Accounts payable 129,436 130,456
Accrued expenses and other current liabilities 1,044,002 952,326
Income taxes 101,707 136,659
Total current liabilities 1,296,668 1,286,393
Long-term debt 132,017 145,765
Other liabilities 171,843 132,081
Deferred income taxes 151,337 138,236
Deferred revenue 95,361 114,404
Total liabilities before client funds obligations 1,847,226 1,816,879
Client funds obligations 10,420,772 7,014,733
Total liabilities 12,267,998 8,831,612
Shareholders’ equity:
Preferred stock, $1.00 par value:
Authorized, 300 shares; issued, none
——
Common stock, $.10 par value:
Authorized, 1,000,000 shares; issued, 631,443 shares at June 30, 2000 and 628,576 at June 30, 1999 63,144 62,858
Capital in excess of par value 402,767 421,333
Retained earnings 4,477,141 3,848,421
Treasury stock
—
at cost 2,697 and 4,949 shares, respectively (130,800) (189,204)
Accumulated other comprehensive income (229,434) (135,467)
Total shareholders’ equity 4,582,818 4,007,941
Total liabilities and shareholders’ equity $16,850,816 $12,839,553
See notes to consolidated financial statements.