Consolidated Balance Sheets

Consolidated Balance Sheets

Automatic Data Processing, Inc. and Subsidiaries
(In thousands, except per share amounts)

June 30, 1996 1995

Assets

Current assets:

Cash and cash equivalents $314,416 $313,612

Short-term marketable securities 321,743 384,009

Accounts receivable 507,198 377,145

Other current assets 321,926 136,377

Total current assets 1,454,283 1,211,143

Long-term marketable securities 462,461 594,268

Long-term receivables 188,184 189,858

Property, plant and equipment at cost:

Land and buildings 322,975 287,186

Data processing equipment 578,935 501,403

Furniture, leaseholds and other 330,610 309,592

1,232,520 1,098,181

Less accumulated depreciation 764,254 682,222

468,266 415,959

Other assets 19,597 84,212

Intangibles 1,247,094 705,656

$3,839,885 $3,201,096

Liabilities and Shareholders' Equity

Current liabilities:

Notes payable $90,746 $

Accounts payable 96,351 65,955

Accrued expenses and other current liabilities 590,355 385,040

Income taxes 52,954 82,672

Current portion of long-term debt 5,207 9,556

Total current liabilities 835,613 543,223

Long-term debt 403,743 390,177

Other liabilities 78,208 66,865

Deferred income taxes 112,880 18,844

Deferred revenue 93,795 85,372

Shareholders' equity:

Preferred stock, $100 par value:

Authorized, 300 shares; issued, none Common stock, $10 par value:

Authorized, 500,000 shares; issued, 314,277 and 314,234 shares, respectively 31,428 31,424

Capital in excess of par value 406,200 351,907

Retained earnings

June 30,	1996	1995
Assets
Current assets:
Cash and cash equivalents	$314,416	$313,612
Short-term marketable securities	321,743	384,009
Accounts receivable	507,198	377,145
Other current assets	321,926	136,377
Total current assets	1,454,283	1,211,143
Long-term marketable securities	462,461	594,268
Long-term receivables	188,184	189,858
Property, plant and equipment at cost:
Land and buildings	322,975	287,186
Data processing equipment	578,935	501,403
Furniture, leaseholds and other	330,610	309,592
	1,232,520	1,098,181
Less accumulated depreciation	764,254	682,222
	468,266	415,959
Other assets	19,597	84,212
Intangibles	1,247,094	705,656
	$3,839,885	$3,201,096
Liabilities and Shareholders' Equity
Current liabilities:
Notes payable	$90,746	$
Accounts payable	96,351	65,955
Accrued expenses and other current liabilities	590,355	385,040
Income taxes	52,954	82,672
Current portion of long-term debt	5,207	9,556
Total current liabilities	835,613	543,223
Long-term debt	403,743	390,177
Other liabilities	78,208	66,865
Deferred income taxes	112,880	18,844
Deferred revenue	93,795	85,372
Shareholders' equity:
Preferred stock, $100 par value:
Authorized, 300 shares; issued, none Common stock, $10 par value:
Authorized, 500,000 shares; issued, 314,277 and 314,234 shares, respectively	31,428	31,424
Capital in excess of par value	406,200	351,907
Retained earnings