Company: NSP
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001000753-25-000069
Chunk: 11

Company: INSPERITY, INC.
Filing Date: 2025-08-01
Form: 10-Q
Item: Item 8
Chunk 11
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441 15 456 1,048 16 1,064 Cash in demand accounts22 — 22 27 — 27 Outstanding checks(22)— (22)(36)— (36)Total$441 $15 $456 $1,039 $16 $1,055 

Our cash and overnight holdings fluctuate based on the timing of clients’ payroll processing cycles. Our cash, cash equivalents and marketable securities at June 30, 2025 and December 31, 2024 included $316 million and $830 million, respectively, of funds associated with federal and state income tax withholdings, employment taxes, and other payroll deductions, as well as $26 million and $91 million, respectively, in client prepayments. In addition, $440 million of client employee retention tax credits received on their behalf from the Internal Revenue Service during the fourth quarter of 2024 were distributed to clients in early 2025.

Cash, Cash Equivalents, Restricted Cash, Funds Held for Clients, and Deposits - Workers’ CompensationThe following table summarizes our cash, cash equivalents, restricted cash, funds held for clients, and deposits - workers’ compensation as reported in our Consolidated Statements of Cash Flows:Six Months Ended June 30,(in millions)20252024Supplemental schedule of cash and cash equivalents, restricted cash, funds held for clients, and deposits - workers’ compensationCash and cash equivalents$1,039 $693 Restricted cash69 57 Other current assets – funds held for clients(1)58 87 Deposits – workers’ compensation178 198 Cash, cash equivalents, restricted cash, funds held for clients, and deposits - workers’ compensation beginning of period$1,344 $1,035 Cash and cash equivalents$441 $676 Restricted cash76 64 Other current assets – funds held for clients(1)42 38 Deposits – workers’ compensation174 170 Cash, cash equivalents, restricted cash, funds held for clients, and deposits - workers’ compensation end of period$733 $948 

Insperity | 2025 Second Quarter Form 10-Q15

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

 ____________________________________(1)Funds held for clients represent amounts held on behalf of our Traditional HR Solution customers that are restricted for the purpose of satisfying obligations to remit funds to