Company: NSP
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001000753-25-000069
Chunk: 1

Company: INSPERITY, INC.
Filing Date: 2025-08-01
Form: 10-Q
Item: Item 8
Chunk 1
---
802 Gross profit223 260 533 605 Salaries, wages and payroll taxes129 126 271 266 Stock-based compensation20 20 31 30 Commissions10 11 21 23 Advertising11 12 18 19 General and administrative expenses49 57 109 114 Depreciation and amortization11 11 22 22 Total operating expenses230 237 472 474 Operating income (loss)(7)23 61 131 Other income (expense):Interest income7 9 17 19 Interest expense(6)(7)(12)(14)Income (loss) before income tax (benefit) expense(6)25 66 136 Income tax (benefit) expense(1)7 20 39 Net income (loss)$(5)$18 $46 $97 Net income (loss) per share of common stockBasic$(0.14)$0.48 $1.22 $2.58 Diluted$(0.14)$0.48 $1.22 $2.56 

See accompanying notes.

Insperity | 2025 Second Quarter Form 10-Q7

FINANCIAL STATEMENTS(Unaudited)

CONSOLIDATED STATEMENTS OF CASH FLOWS

Six Months Ended June 30,(in millions)20252024Cash flows from operating activitiesNet income$46 $97 Adjustments to reconcile net income to net cash provided by operating activities:Depreciation and amortization22 22 Stock-based compensation31 30 Deferred income taxes12 5 Changes in operating assets and liabilities:Accounts receivable(14)(46)Prepaid insurance and related assets(16)(27)Other current assets1 (11)Other assets and ROU assets(6)11 Accounts payable(4)(4)Payroll taxes and other payroll deductions payable(535)(62)Accrued worksite employee payroll costs(14)68 Accrued health insurance costs38 (4)Accrued workers’ compensation costs(14)(10)Accrued corporate payroll, commissions and other accrued liabilities(40)(20)Income taxes payable/receivable(29)2 Total adjustments(568)(46)Net cash provided by (used in) operating activities(522)51 Cash flows from investing activitiesMarketable securities:Purchases(10)(12)Proceeds from