Company: NSP
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001000753-25-000107
Chunk: 0

Company: INSPERITY, INC.
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 8
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CONSOLIDATED BALANCE SHEETS

(in millions)September 30, 2025December 31, 2024AssetsCash and cash equivalents$422 $1,039 Restricted cash79 69 Marketable securities18 16 Accounts receivable, net894 829 Prepaid insurance and related assets17 25 Income taxes receivable35 — Funds held for clients and other current assets89 107 Total current assets1,554 2,085 Property and equipment, net of accumulated depreciation180 192 Right-of-use (“ROU”) leased assets65 65 Prepaid health insurance9 9 Deposits – health insurance8 8 Deposits – workers’ compensation147 178 Goodwill and other intangible assets, net13 13 Deferred income taxes, net3 34 Other assets33 13 Total assets$2,012 $2,597 Liabilities and stockholders' equityAccounts payable$8 $10 Payroll taxes and other payroll deductions payable334 901 Accrued worksite employee payroll costs774 730 Accrued health insurance costs31 19 Accrued workers’ compensation costs81 71 Accrued corporate payroll and commissions74 82 Income taxes payable— 18 Client funds liability and other accrued liabilities80 99 Total current liabilities1,382 1,930 Accrued workers’ compensation costs, net of current107 135 Long-term debt369 369 Operating lease liabilities, net of current67 66 Total noncurrent liabilities543 570 Common stock1 1 Additional paid-in capital244 222 Treasury stock, at cost(852)(864)Retained earnings694 738 Total stockholders' equity87 97 Total liabilities and stockholders’ equity$2,012 $2,597 

See accompanying notes.

Insperity | 2025 Third Quarter Form 10-Q6

    FINANCIAL STATEMENTS    (Unaudited)

CONSOLIDATED STATEMENTS OF INCOME

Three Months Ended September 30,Nine Months Ended September 30,(in millions, except per share amounts)2025202420252024Revenues$1,623 $1,561 $5,144 $4,968 Payroll taxes, benefits and workers’ compensation costs1,428 1,332 4,416 4