TRINET GROUP INC

For the period ended Dec 31, 2023. Filed Feb 15, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 15, 2024

TNET$64.63-3.0%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Balance Sheets

FINANCIAL STATEMENTS	Table of Contents

CONSOLIDATED BALANCE SHEETS

	December 31,	December 31,
(in millions, except share and per share data)	2023	2022
ASSETS
Current assets:
Cash and cash equivalents	$287	$354
Investments	65	76
Restricted cash, cash equivalents and investments	1,269	1,263
Accounts receivable, net	18	19
Unbilled revenue, net	447	375
Prepaid expenses, net	67	71
Other payroll assets	381	122
Other current assets	44	46
Total current assets	2,578	2,326
Restricted cash, cash equivalents and investments, noncurrent	158	153
Investments, noncurrent	143	151
Property and equipment, net	17	24
Operating lease right-of-use asset	24	31
Goodwill	462	462
Software and other intangible assets, net	172	163
Other assets	139	133
Total assets	$3,693	$3,443
Liabilities and stockholders' equity
Current liabilities:
Accounts payable and other current liabilities	$87	$98
Revolving credit agreement borrowings	109	—
Client deposits and other client liabilities	65	106
Accrued wages	515	437
Accrued health insurance costs, net	175	174
Accrued workers' compensation costs, net	50	54
Payroll tax liabilities and other payroll withholdings	1,438	1,087
Operating lease liabilities	14	15
Insurance premiums and other payables	10	17
Total current liabilities	2,463	1,988
Long-term debt, noncurrent	984	496
Accrued workers' compensation costs, noncurrent, net	120	128
Deferred taxes	13	8
Operating lease liabilities, noncurrent	30	41
Other non current liabilities	5	7
Total liabilities	3,615	2,668
Commitments and contingencies (see Note 9)
Stockholders' equity:
Preferred stock	—	—
($0.000025 par value per share; 20,000,000 shares authorized; no shares issued or outstanding at December 31, 2023 and 2022)
Common stock and additional paid-in capital	976	899
($0.000025 par value per share; 750,000,000 shares authorized; 50,664,471 and 60,555,661 shares issued and outstanding at December 31, 2023 and 2022, respectively)
Retained earnings (Accumulated deficit)	(896)	(119)
Accumulated other comprehensive loss	(2)	(5)
Total stockholders' equity	78	775
Total liabilities & stockholders' equity	$3,693	$3,443

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.