Company: NSP
Filing Date: 2025-02-11
Form Type: 10-K
Source: 0001000753-25-000008
Chunk: 97

Company: INSPERITY, INC.
Filing Date: 2025-02-11
Form: 10-K
Item: Item 16
Chunk 97
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— (84)(84)Net income— — — — 171 171 Balance at December 31, 202355 $1 $185 $(831)$739 $94 Purchase of treasury stock, at cost— — — (63)— (63)Issuance of equity-based incentive awards and dividend equivalents— — (24)27 (3)— Stock-based compensation expense— — 60 1 — 61 Other— — 1 2 — 3 Dividends paid— — — — (89)(89)Net income— — — — 91 91 Balance at December 31, 202455 $1 $222 $(864)$738 $97 

See accompanying notes.

 F-82024   Form 10-K

CONSOLIDATED FINANCIAL STATEMENTS

INSPERITY, INC.

CONSOLIDATED STATEMENTS OF CASH FLOWSYear Ended December 31,(in millions)202420232022Cash flows from operating activitiesNet income$91 $171 $179 Adjustments to reconcile net income to net cash provided by operating activities:Depreciation and amortization44 43 41 Stock-based compensation61 53 50 Deferred income taxes(14)(4)(11)Changes in operating assets and liabilities:Accounts receivable(135)(71)(110)Prepaid insurance and related assets(18)5 — Other current assets(8)(15)(5)Other assets and ROU assets25 23 2 Accounts payable(1)3 2 Payroll taxes and other payroll deductions payable335 10 88 Accrued worksite employee payroll costs171 46 104 Accrued health insurance costs(27)(7)3 Accrued workers’ compensation costs(17)(10)(10)Accrued corporate payroll, commissions and other accrued liabilities(2)(45)(5)Income taxes payable/receivable15 (4)19 Total adjustments429 27 168 Net cash provided by operating activities520 198 347 Cash flows from investing activitiesMarketable securities:Purchases(23)(48)(47)Proceeds from maturities23 38 45 Proceeds from dispositions— 28 — Property and equipment purchases(38)(40)(30)Net cash used in