Company: NSP
Filing Date: 2025-02-11
Form Type: 10-K
Source: 0001000753-25-000008
Chunk: 98

Company: INSPERITY, INC.
Filing Date: 2025-02-11
Form: 10-K
Item: Item 16
Chunk 98
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 investing activities(38)(22)(32)Cash flows from financing activitiesPurchase of treasury stock(63)(131)(73)Dividends paid(89)(84)(77)Client funds liability and other(21)60 9 Net cash used in financing activities(173)(155)(141)Net increase in cash, cash equivalents, restricted cash, funds held for clients, and deposits – workers’ compensation309 21 174 Cash, cash equivalents, restricted cash, funds held for clients, and deposits – workers’ compensation beginning of year1,035 1,014 840 Cash, cash equivalents, restricted cash, funds held for clients, and deposits – workers’ compensation end of year$1,344 $1,035 $1,014 

See accompanying notes.

 F-92024   Form 10-K

CONSOLIDATED FINANCIAL STATEMENTS

INSPERITY, INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS (Continued)

Year Ended December 31,(in millions)202420232022Supplemental cash flow information:Income taxes, net$33 $63 $57 Cash paid for interest32 22 13 ROU assets obtained in exchange for lease obligations29 22 10 

See accompanying notes.

 F-102024   Form 10-K

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

1.Accounting Policies

Description of BusinessInsperity, Inc. (“Insperity” or “we”, “our”, and “us”) provides an array of human resources (“HR”) and business solutions designed to help improve business performance. Since our formation in 1986, we have evolved from being solely a professional employer organization (“PEO”), an industry we pioneered, to our current position as a comprehensive business performance solutions provider. We were organized as a corporation in 1986 and have provided PEO services since inception.Our most comprehensive HR services offerings are provided through our Workforce Optimization® and Workforce SynchronizationTM solutions (together, our “PEO HR Outsourcing Solutions”), which encompass a broad range of human resources functions, including payroll and employment administration, employee benefits, workers’ compensation, government compliance, performance management and training and development services, along with our cloud-based human capital management platform solution, the Insperity PremierTM platform. In addition to our PEO HR Outsourcing Solutions, we offer a comprehensive traditional payroll and human capital management solution, known as our Workforce