ADP 2007 Annual Report Download - page 31

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CONSOLIDATED BALANCE SHEETS
(In millions, except per share amounts)
June 30, 2007 2006
Assets
Current assets:
Cash and cash equivalents $ 1,746.1 $ 1,800.1
Short-term marketable securities 70.4 327.5
Accounts receivable, net 1,041.9 752.2
Other current assets 448.1 394.3
Assets of discontinued operations 57.7 2,208.7
Total current assets 3,364.2 5,482.8
Long-term marketable securities 68.1 333.7
Long-term receivables, net 226.5 215.4
Property, plant and equipment, net 723.8 700.0
Other assets 735.5 771.9
Goodwill 2,353.6 1,976.2
Intangible assets, net 688.0 526.2
Total assets before funds held for clients 8,159.7 10,006.2
Funds held for clients 18,489.2 17,483.9
Total assets $26,648.9 $27,490.1
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable $ 125.9 $ 125.2
Accrued expenses and other current liabilities 703.4 662.8
Accrued payroll and payroll-related expenses 402.6 346.3
Dividends payable 122.0 102.6
Short-term deferred revenues 299.1 244.4
Income taxes payable 118.7 196.4
Liabilities of discontinued operations 19.1 996.5
Total current liabilities 1,790.8 2,674.2
Long-term debt 43.5 74.3
Other liabilities 390.5 360.8
Deferred income taxes 127.7 100.4
Long-term deferred revenues 475.5 481.4
Total liabilities before client funds obligations 2,828.0 3,691.1
Client funds obligations 18,673.0 17,787.4
Total liabilities 21,501.0 21,478.5
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 June 30, 2007 and 2006; outstanding, 535.8 and 561.4
shares at June 30, 2007 and 2006, respectively 63.9 63.9
Capital in excess of par value 351.8 157.4
Retained earnings 9,378.5 9,111.4
Treasury stock - at cost: 102.9 and 77.3 shares, respectively (4,612.9) (3,194.8)
Accumulated other comprehensive loss (33.4) (126.3)
Total stockholders' equity 5,147.9 6,011.6
Total liabilities and stockholders' equity $26,648.9 $27,490.1
29
ADP Summary Annual Report 2007
Our Annual Report on Form 10-K, which includes Management’s Discussion and Analysis, Financial Statements and related Footnotes, is available online
under “Investor Relations” on ADP’s Web site, www.adp.com.