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ADP - Automatic Data Processing, Inc.

NASDAQ -> Industrials -> Staffing & Employment Services
Roseland, United States
Type: Equity

ADP price evolution
ADP
(in millions $) 31 Dec 2023 30 Oct 2023 30 Jun 2023 31 Mar 2023
Current assets
Cash $1641.3 $1441.4 $2083.5 $1828.4
Short term investments
Net receivables $3380 $3095.1 $3018.1 $3081
Inventory
Total current assets $48543.4 $40480.1 $42170.6 $51518.2
Long term investments
Property, plant & equipment $1043 $1040.9 $1083.8 $1057.8
Goodwill & intangible assets $3684.9 $3684.3 $3683 $3696
Total noncurrent assets $8526 $8843.5 $8800.4 $8363.6
Total investments
Total assets $57069.4 $49323.6 $50971 $59881.8
Current liabilities
Accounts payable $76.8 $67.4 $96.8 $74.8
Deferred revenue $536.2 $520.1 $536.7 $531.9
Short long term debt $21.6 $343.8 $105.4
Total current liabilities $48097.7 $41228.7 $42767.6 $51536.1
Long term debt $3317 $2989.8 $3338.9 $3320.7
Total noncurrent liabilities $4652.1 $4622.1 $4694.3 $4651.9
Total debt $3338.6 $3667.9 $3444.3 $3320.7
Total liabilities $52749.8 $45850.8 $47461.9 $56188
Shareholders' equity
Retained earnings $22757.1 $22455.4 $22118 $21857.8
Other shareholder equity -$1745.2 -$2467.8 -$2305.8 -$2127.8
Total shareholder equity $4319.6 $3472.8 $3509.1 $3693.8
(in millions $) 31 Dec 2023 31 Jan 2023 31 Dec 2021 31 Dec 2020
Current assets
Cash $2083.5 $1436.3 $2575.2 $1908.5
Short term investments
Net receivables $3018.1 $3179.7 $2738.9 $2459.9
Inventory
Total current assets $42170.6 $54804.9 $40741.8 $31564.1
Long term investments
Property, plant & equipment $1083.8 $1103.5 $1146.7 $1197.6
Goodwill & intangible assets $3683 $3633.6 $3548.5 $3525.2
Total noncurrent assets $8800.4 $8263.3 $8030.7 $7601.4
Total investments
Total assets $50971 $63068.2 $48772.5 $39165.5
Current liabilities
Accounts payable $96.8 $110.2 $141.1 $102
Deferred revenue $536.7 $523.2 $566.3 $583.1
Short long term debt $105.4 $136.4 $23.5 $1015.4
Total current liabilities $42767.6 $55158.7 $38094.8 $30126.6
Long term debt $3338.9 $3358 $3328.2 $1347.2
Total noncurrent liabilities $4694.3 $4684.2 $5007.6 $3286.7
Total debt $3444.3 $3494.4 $3351.7 $2362.6
Total liabilities $47461.9 $59842.9 $43102.4 $33413.3
Shareholders' equity
Retained earnings $22118 $20696.3 $19451.1 $18436.3
Other shareholder equity -$2305.8 -$1993.7 $10.6 -$14.8
Total shareholder equity $3509.1 $3225.3 $5670.1 $5752.2
(in millions $) 31 Dec 2023 30 Oct 2023 30 Jun 2023 31 Mar 2023
Revenue
Total revenue $4668 $4512.4 $4477.8 $4927.8
Cost of revenue $2561.6 $2485.3 $2623.8
Gross Profit $2106.4 $1997 $1992.5 $2304
Operating activities
Research & development
Selling, general & administrative $922.5 $957.2 $938
Total operating expenses $922.5 $880.3 $957.2 $938
Operating income $1183.9 $1035.3 $1366
Income from continuing operations
EBIT $1248.7 $1112.5 $1402.3
Income tax expense $265.4 $233.4 $228.9 $320.9
Interest expense $104.9 -$47 $106.9 $38.3
Net income
Net income $878.4 $859.4 $776.7 $1043.1
Income (for common shares) $878.4 $776.7 $1043.1
(in millions $) 31 Dec 2023 31 Jan 2023 31 Jan 2022 31 Dec 2020
Revenue
Total revenue $18012.2 $15005.4 $14589.8
Cost of revenue $9953.4 $8640.3 $8445.1
Gross Profit $8058.8 $6365.1 $6144.7
Operating activities
Research & development
Selling, general & administrative $3551.4 $3040.5 $3003
Total operating expenses $3551.4 $3040.5 $3003
Operating income $4507.4 $3324.6 $3141.7
Income from continuing operations
EBIT $4690.9 $3420.9 $3289.7
Income tax expense $1025.6 $762.7 $716.1
Interest expense $253.3 $59.7 $107.1
Net income
Net income $3412 $2598.5 $2466.5
Income (for common shares) $3412 $2598.5 $2466.5
(in millions $) 31 Dec 2023 30 Oct 2023 30 Jun 2023 31 Mar 2023
Net income $878.4 $776.7 $1043.1
Operating activities
Depreciation $140.1 $140.4 $137
Business acquisitions & disposals -$18
Stock-based compensation $73.6 $43.8 $67.6
Total cash flows from operations $1032.4 $1185.7 $1404.1
Investing activities
Capital expenditures -$129.1 -$140.9 -$157.2
Investments $275.9 -$323.6 -$408.2
Total cash flows from investing $138.3 -$216.1 -$464.5 -$583.4
Financing activities
Dividends paid -$516.3 -$515.8 -$517.5 -$520.6
Sale and purchase of stock -$235.6 -$285 -$216.1
Net borrowings -$325.1 $97.3 -$9.7
Total cash flows from financing $5719.8 -$1903.7 -$9994.5 $3938.1
Effect of exchange rate $26.9 -$16.3 $4.2 -$0.7
Change in cash and equivalents $6917.4 -$1809.6 -$9269.1 $4758.1
(in millions $) 31 Dec 2023 31 Dec 2022 31 Dec 2021 31 Dec 2020
Net income $3412 $2948.9 $2598.5 $2466.5
Operating activities
Depreciation $549.3 $515.1 $510.7 $480
Business acquisitions & disposals -$32.4 -$11.7
Stock-based compensation $220.4 $201.7 $175.3 $130.8
Total cash flows from operations $4207.6 $3099.5 $3093.3 $3026.2
Investing activities
Capital expenditures -$571.6 -$519.2 -$487.1 -$587
Investments -$1913.3 -$6483.5 -$3027.9 $3743.3
Total cash flows from investing -$2517.3 -$7014.4 -$3515 $3156.3
Financing activities
Dividends paid -$1903.6 -$1659 -$1575.5 -$1470.5
Sale and purchase of stock -$1029.8 -$1872.9 -$1268.2 -$956.3
Net borrowings -$45.7 $127.4 $989.6 -$250.6
Total cash flows from financing -$15680.7 $13653.4 $6437.5 -$5890.6
Effect of exchange rate -$21.1 -$98.7 $73.8 -$34.5
Change in cash and equivalents -$14011.5 $9639.8 $6089.6 $257.4
Fundamentals
Market cap $102.57B
Enterprise value $104.27B
Shares outstanding 410.70M
Revenue $18.59B
EBITDA N/A
EBIT N/A
Net Income $3.56B
Revenue Q/Q N/A
Revenue Y/Y N/A
P/E ratio 28.83
EV/Sales 5.61
EV/EBITDA N/A
EV/EBIT N/A
P/S ratio 5.52
P/B ratio 16.91
Book/Share 14.77
Cash/Share 4.00
EPS $8.66
ROA 6.55%
ROE 94.90%
Debt/Equity 13.53
Net debt/EBITDA N/A
Current ratio 1.01
Quick ratio 1.01