ADP 2009 Annual Report Download - page 35

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(A) As of June 30, 2008, long-term marketable securities include $11.7 of securities that have been pledged as collateral under a reverse
repurchase agreement.
See notes to consolidated financial statements.
35
Consolidated Balance Sheets
(In millions, except per share amounts)
June 30, 2009 2008
Assets
Current assets:
Cash and cash equivalents $ 2,265.3 $917.5
Short-term marketable securities 30.8 666.3
Accounts receivable, net 1,055.4 1,034.6
Other current assets 921.1 771.6
Assets held for sale 12.1 -
Total current assets before funds held for clients 4,284.7 3,390.0
Funds held for clients 16,419.2 15,418.9
Total current assets 20,703.9 18,808.9
Long-term marketable securities (A) 92.4 76.5
Long-term receivables, net 162.6 234.0
Property, plant and equipment, net 734.5 742.9
Other assets 702.7 808.3
Goodwill 2,375.5 2,426.7
Intangible assets, net 580.1 637.1
Total assets $ 25,351.7 $ 23,734.4
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable $130.3 $126.9
Accrued expenses and other current liabilities 778.5 668.1
Accrued payroll and payroll related expenses 402.3 479.4
Dividends payable 162.1 145.7
Short-term deferred revenues 329.8 356.1
Obligation under reverse repurchase agreement - 11.8
Obligation under commercial paper borrowing 730.0 -
Income taxes payable 230.7 258.9
Total current liabilities before client funds obligations 2,763.7 2,046.9
Client funds obligations 15,992.6 15,294.7
Total current liabilities 18,756.3 17,341.6
Long-term debt 42.7 52.1
Other liabilities 477.1 587.9
Deferred income taxes 254.5 170.0
Long-term deferred revenues 498.5 495.6
Total liabilities 20,029.1 18,647.2
Commitments and contingencies (Note 16)
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, 2009 and 2008;
outstanding, 501.7 and 510.3 shares at June 30, 2009 and 2008, respectively 63.9 63.9
Capital in excess of par value 520.0 522.0
Retained earnings 10,716.6 10,029.8
Treasury stock - at cost: 137.0 and 128.4 shares at June 30, 2009 and 2008, respectively (6,133.9) (5,804.7)
Accumulated other comprehensive income (loss) 156.0 276.2
Total stockholders' equity 5,322.6 5,087.2
Total liabilities and stockholders' equity $25,351.7 $23,734.4