ADP 2014 Annual Report Download - page 42

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Consolidated Balance Sheets
(In millions, except per share amounts)
June 30,
2015
2014
Assets
Current assets:
Cash and cash equivalents (A )
$ 1,639.3
$ 1,584.0
Short-term marketable securities (A )
26.6
2,032.2
Accounts receivable, net
1,546.9
1,498.8
Other current assets
731.1
689.8
Assets of discontinued operations
—
2,430.2
Total current assets before funds held for clients
3,943.9
8,235.0
Funds held for clients
24,865.3
19,258.0
Total current assets
28,809.2
27,493.0
Long-term marketable securities
28.9
54.1
Long-term receivables, net
32.2
155.4
Property, plant and equipment, net
672.7
667.1
Other assets
1,270.8
1,315.7
Goodwill
1,793.5
1,883.5
Intangible assets, net
503.2
491.0
Total assets
$ 33,110.5
$ 32,059.8
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable
$ 194.5
$ 152.1
Accrued expenses and other current liabilities
1,159.2
1,186.8
Accrued payroll and payroll-related expenses
627.3
607.1
Dividends payable
226.4
226.9
Short-term deferred revenues
228.6
237.1
Obligations under commercial paper borrowings (A )
—
2,173.0
Income taxes payable
27.2
19.7
Liabilities of discontinued operations
— 601.5
Total current liabilities before client funds obligations
2,463.2
5,204.2
Client funds obligations
24,650.5
18,963.4
Total current liabilities
27,113.7
24,167.6
Long-term debt
9.2
11.5
Other liabilities
644.3
619.4
Deferred income taxes
172.1
215.9
Long-term deferred revenues
362.7
375.2
Total liabilities
28,302.0
25,389.6
Commitments and Contingencies (Note 11)
Stockholders' equity:
Preferred stock, $1.00 par value:
Authorized, 0.3 shares; issued, none
—
—
Common stock, $0.10 par value: A uthorized, 1,000.0 shares; issued 638.7 shares at June 30, 2015
and 2014; outstanding, 466.4 and 480.2 shares at J une 30, 2015 and 2014, respectively
63.9
63.9
Capital in excess of par value
663.3
545.2
Retained earnings
13,460.3
13,632.9
Treasury stock - at cost: 172.3 and 158.5 shares
at June 30, 2015 and J une 30, 2014, respectively
(9,118.4)
(7,750.0)
Accumulated other comprehensive (loss)/income
(260.6)
178.2
Total stockholders’ equity
4,808.5
6,670.2
Total liabilities and stockholders’ equity
$ 33,110.5
$ 32,059.8
(A ) As of J une 30, 2014 , $2,015.8 million of short-term marketable securities and $183.8 million of cash and cash equivalents are related to the Company's outstanding commercial paper
borrowings (see Note 8).