Company: NSP
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001000753-25-000069
Chunk: 0

Company: INSPERITY, INC.
Filing Date: 2025-08-01
Form: 10-Q
Item: Item 8
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CONDENSED CONSOLIDATED BALANCE SHEETS

(in millions)June 30, 2025December 31, 2024AssetsCash and cash equivalents$441 $1,039 Restricted cash76 69 Marketable securities15 16 Accounts receivable, net843 829 Prepaid insurance and related assets41 25 Income taxes receivable11 — Funds held for clients and other current assets90 107 Total current assets1,517 2,085 Property and equipment, net of accumulated depreciation182 192 Right-of-use (“ROU”) leased assets66 65 Prepaid health insurance9 9 Deposits – health insurance8 8 Deposits – workers’ compensation174 178 Goodwill and other intangible assets, net13 13 Deferred income taxes, net22 34 Other assets27 13 Total assets$2,018 $2,597 Liabilities and stockholders' equityAccounts payable$6 $10 Payroll taxes and other payroll deductions payable366 901 Accrued worksite employee payroll costs716 730 Accrued health insurance costs57 19 Accrued workers’ compensation costs79 71 Accrued corporate payroll and commissions52 82 Income taxes payable— 18 Client funds liability and other accrued liabilities81 99 Total current liabilities1,357 1,930 Accrued workers’ compensation costs, net of current113 135 Long-term debt369 369 Operating lease liabilities, net of current67 66 Total noncurrent liabilities549 570 Common stock1 1 Additional paid-in capital228 222 Treasury stock, at cost(853)(864)Retained earnings736 738 Total stockholders' equity112 97 Total liabilities and stockholders’ equity$2,018 $2,597 

See accompanying notes.

Insperity | 2025 Second Quarter Form 10-Q6

FINANCIAL STATEMENTS(Unaudited)

CONSOLIDATED STATEMENTS OF INCOME

Three Months Ended June 30,Six Months Ended June 30,(in millions, except per share amounts)2025202420252024Revenues$1,658 $1,605 $3,521 $3,407 Payroll taxes, benefits and workers’ compensation costs1,435 1,345 2,988 2,