Company: NSP
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0001000753-25-000023
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Company: INSPERITY, INC.
Filing Date: 2025-04-29
Form: 10-Q
Item: Item 8
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CONDENSED CONSOLIDATED BALANCE SHEETS

(in millions)March 31, 2025December 31, 2024AssetsCash and cash equivalents$551 $1,039 Restricted cash74 69 Marketable securities17 16 Accounts receivable, net834 829 Prepaid insurance and related assets56 25 Income taxes receivable8 — Funds held for clients and other current assets114 107 Total current assets1,654 2,085 Property and equipment, net of accumulated depreciation186 192 Right-of-use (“ROU”) leased assets67 65 Prepaid health insurance9 9 Deposits – health insurance8 8 Deposits – workers’ compensation171 178 Goodwill and other intangible assets, net13 13 Deferred income taxes, net10 34 Other assets25 13 Total assets$2,143 $2,597 Liabilities and stockholders' equityAccounts payable$8 $10 Payroll taxes and other payroll deductions payable457 901 Accrued worksite employee payroll costs718 730 Accrued health insurance costs68 19 Accrued workers’ compensation costs76 71 Accrued corporate payroll and commissions49 82 Income taxes payable— 18 Client funds liability and other accrued liabilities90 99 Total current liabilities1,466 1,930 Accrued workers’ compensation costs, net of current122 135 Long-term debt369 369 Operating lease liabilities, net of current67 66 Total noncurrent liabilities558 570 Commitments and contingencies  Common stock1 1 Additional paid-in capital209 222 Treasury stock, at cost(855)(864)Retained earnings764 738 Total stockholders' equity119 97 Total liabilities and stockholders’ equity$2,143 $2,597 

See accompanying notes.

Insperity | 2025 First Quarter Form 10-Q6

FINANCIAL STATEMENTS(Unaudited)

CONSOLIDATED STATEMENTS OF INCOME

Three Months Ended March 31,(in millions, except per share amounts)20252024Revenues$1,863 $1,802 Payroll taxes, benefits and workers’ compensation costs1,553 1,457 Gross profit310 345 Salaries, wages and payroll taxes142 140 Stock-based compensation