Company: NSP
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001000753-25-000107
Chunk: 1

Company: INSPERITY, INC.
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 8
Chunk 1
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,134 Gross profit195 229 728 834 Salaries, wages and payroll taxes125 127 396 393 Stock-based compensation16 17 47 47 Commissions13 11 34 34 Advertising10 9 28 28 General and administrative expenses45 53 154 167 Depreciation and amortization11 11 33 33 Total operating expenses220 228 692 702 Operating income (loss)(25)1 36 132 Other income (expense):Interest income7 9 24 28 Interest expense(6)(7)(18)(21)Income (loss) before income tax (benefit) expense(24)3 42 139 Income tax (benefit) expense(4)— 16 39 Net income (loss)$(20)$3 $26 $100 Net income (loss) per share of common stockBasic$(0.53)$0.07 $0.69 $2.65 Diluted$(0.53)$0.07 $0.69 $2.63 

See accompanying notes.

Insperity | 2025 Third Quarter Form 10-Q7

    FINANCIAL STATEMENTS    (Unaudited)

CONSOLIDATED STATEMENTS OF CASH FLOWS

Nine Months Ended September 30,(in millions)20252024Cash flows from operating activitiesNet income$26 $100 Adjustments to reconcile net income to net cash used in operating activities:Depreciation and amortization33 33 Stock-based compensation47 47 Deferred income taxes31 1 Changes in operating assets and liabilities:Accounts receivable(65)(71)Prepaid insurance and related assets8 (24)Other current assets— (7)Other assets and ROU assets(6)13 Accounts payable(2)(5)Payroll taxes and other payroll deductions payable(567)(269)Accrued worksite employee payroll costs44 91 Accrued health insurance costs12 — Accrued workers’ compensation costs(18)(13)Accrued corporate payroll, commissions and other accrued liabilities(23)— Income taxes payable/receivable(53)5 Total adjustments(559)(199)Net cash used in operating activities(533)(99)Cash flows from investing activitiesMarketable securities:Purchases(25)(17)Proceeds from maturities