ADP 2012 Annual Report Download - page 46

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Consolidated Balance Sheets
(In millions, except per share amounts)
June 30,
2012
2011
Assets
Current assets:
Cash and cash equivalents
$
1,548.1
$
1,389.4
Short-term marketable securities
30.4
36.3
Accounts receivable, net
1,399.3
1,364.8
Other current assets
632.0
648.3
Assets held for sale
6.7
9.1
Total current assets before funds held for clients
3,616.5
3,447.9
Funds held for clients
21,539.1
25,135.6
Total current assets
25,155.6
28,583.5
Long-term marketable securities
86.9
98.0
Long-term receivables, net
129.8
128.7
Property, plant and equipment, net
706.3
716.2
Other assets
870.4
922.6
Goodwill
3,155.3
3,073.6
Intangible assets, net
711.2
715.7
Total assets $
30,815.5
$
34,238.3
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable $
167.7
$
153.3
Accrued expenses and other current liabilities
1,054.4
930.4
Accrued payroll and payroll related expenses
599.3
558.3
Dividends payable
188.4
174.2
Short-term deferred revenues
334.1
350.9
Income taxes payable
39.3
28.6
Total current liabilities before client funds obligations
2,383.2
2,195.7
Client funds obligations
20,856.2
24,591.1
Total current liabilities
23,239.4
26,786.8
Long-term debt
16.8
34.2
Other liabilities
585.9
556.2
Deferred income taxes
391.3
373.5
Long-term deferred revenues
468.1
477.2
Total liabilities
24,701.5
28,227.9
Commitments and contingencies (Note 15)
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, 2012 and 2011;
outstanding, 484.2 and 490.8 shares at June 30, 2012 and 2011, respectively
63.9
63.9
Capital in excess of par value
486.4
489.5
Retained earnings
12,438.3
11,803.9
Treasury stock - at cost: 154.5 and 147.9 shares at June 30, 2012 and 2011, respectively
(7,104.8
)
(6,714.0
)
Accumulated other comprehensive income
230.2
367.1
Total stockholders' equity
6,114.0
6,010.4