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

Company: INSPERITY, INC.
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 8
Chunk 11
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etable SecuritiesTotalCash & Cash EquivalentsMarketable SecuritiesTotalOvernight holdings$335 $— $335 $931 $— $931 Investment holdings81 18 99 117 16 133 416 18 434 1,048 16 1,064 Cash in demand accounts23 — 23 27 — 27 Outstanding checks(17)— (17)(36)— (36)Total$422 $18 $440 $1,039 $16 $1,055 Our cash and overnight holdings fluctuate based on the timing of clients’ payroll processing cycles. Our cash, cash equivalents and marketable securities at September 30, 2025 and December 31, 2024 included $284 million and $830 million, respectively, of funds associated with federal and state income tax withholdings, employment taxes, and other payroll deductions, as well as $36 million and $91 million, respectively, in client prepayments. In addition, $440 million of client employee retention tax credits received on their behalf from the Internal Revenue Service during the fourth quarter of 2024 were distributed to clients in early 2025.

Insperity | 2025 Third Quarter Form 10-Q15

         NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Cash, Cash Equivalents, Restricted Cash, Funds Held for Clients, and Deposits - Workers’ CompensationThe following table summarizes our cash, cash equivalents, restricted cash, funds held for clients, and deposits - workers’ compensation as reported in our Consolidated Statements of Cash Flows:Nine Months Ended September 30,(in millions)20252024Supplemental schedule of cash and cash equivalents, restricted cash, funds held for clients, and deposits - workers’ compensationCash and cash equivalents$1,039 $693 Restricted cash69 57 Other current assets – funds held for clients(1)58 87 Deposits – workers’ compensation178 198 Cash, cash equivalents, restricted cash, funds held for clients, and deposits - workers’ compensation beginning of period$1,344 $1,035 Cash and cash equivalents$422 $470 Restricted cash79 67 Other current assets – funds held for clients(1)40 36 Deposits – workers’ compensation147 175 Cash, cash equivalents, restricted cash, funds held for clients, and deposits