Automatic Data Processing, Inc. and Subsidiaries
(In thousands, except per share amounts)
June 30, 1995 1994
Assets
Current assets:
Cash and cash equivalents $313,612 $238,626
Short-term marketable securities 384,009 351,969
Accounts receivable 377,145 298,096
Other current assets 136,377 102,912
Total current assets 1,211,143 991,603
Long-term marketable securities 594,268 471,595
Long-term receivables 189,858 162,272
Property, plant and equipment — at cost:
Land and buildings 287,186 275,088
Data processing equipment 501,403 433,161
Furniture, leaseholds and other 309,592 293,044
1,098,181 1,001,293
Less accumulated depreciation 682,222 605,445
415,959 395,848
Other assets 84,212 81,408
Intangibles 705,656 609,025
$3,201,096 $2,711,751
Liabilities and Shareholders’ Equity
Current liabilities:
Accounts payable $65,955 $56,151
Accrued expenses and
other current liabilities 385,040 346,960
Income taxes 82,672 79,053
Current portion of long-term debt 9,556 2,196
Total current liabilities 543,223 484,360
Long-term debt 390,177 372,959
Other liabilities 66,865 69,504
Deferred income taxes 18,844 33,553
Deferred revenue 85,372 60,124
Shareholders’ equity:
Preferred stock, $1.00 par value:
Authorized, 300 shares; issued, none
Common stock, $.10 par value:
Authorized, 200,000 shares;
issued, 157,117 shares 15,712 15,712
Capital in excess of par value 367,619 325,029
Retained earnings 2,182,838 1,883,423
Treasury stock — at cost, 13,033
and 16,418 shares, respectively (469,554) (532,913)
Total shareholders’ equity . 2,096,615 1,691,251
$3,201,096 $2,711,751
See notes to consolidated financial statements.