ADP 2001 Annual Report Download - page 27

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25
Consolidated Balance Sheets Automatic Data Processing, Inc. and Subsidiaries
(In thousands, except per share amounts)
Years ended June 30, 2001 2000
Assets
Current assets:
Cash and cash equivalents $ 1,275,356 $ 1,227,637
Short-term marketable securities 515,245 596,792
Accounts receivable 976,638 899,314
Other current assets 316,221 340,709
Total current assets 3,083,460 3,064,452
Long-term marketable securities 806,363 628,120
Long-term receivables 224,964 245,249
Property, plant and equipment:
Land and buildings 457,110 439,022
Data processing equipment 653,641 612,608
Furniture, leaseholds and other 533,883 498,354
1,644,634 1,549,984
Less accumulated depreciation (1,029,984) (952,715)
614,650 597,269
Other assets 219,133 271,136
Intangibles 1,601,410 1,623,701
Total assets before funds held for clients 6,549,980 6,429,927
Funds held for clients 11,339,110 10,420,889
Total assets $17,889,090 $16,850,816
Liabilities and Shareholders’ Equity
Current liabilities:
Notes payable $
—
$ 21,523
Accounts payable 156,324 129,436
Accrued expenses and other current liabilities 1,032,273 1,044,002
Income taxes 147,676 101,707
Total current liabilities 1,336,273 1,296,668
Long-term debt 110,227 132,017
Other liabilities 208,880 171,843
Deferred income taxes 207,928 151,337
Deferred revenue 85,931 95,361
Total liabilities before client funds obligations 1,949,239 1,847,226
Client funds obligations 11,238,854 10,420,772
Total liabilities 13,188,093 12,267,998
Shareholders’ equity:
Preferred stock, $1.00 par value:
Authorized, 300 shares; issued, none
——
Common stock, $.10 par value:
Authorized, 1,000,000 shares; issued, 638,702 and 631,443 shares, respectively 63,870 63,144
Capital in excess of par value 553,927 402,767
Retained earnings 5,153,408 4,477,141
Treasury stock— at cost 14,766 and 2,697 shares, respectively (837,244) (130,800)
Accumulated other comprehensive income (232,964) (229,434)
Total shareholders’ equity 4,700,997 4,582,818
Total liabilities and shareholders’ equity $17,889,090 $16,850,816
See notes to consolidated financial statements.