TRINET GROUP INC
For the period ended Mar 31, 2024. Filed Apr 26, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed Apr 26, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
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Glossary
| GLOSSARY | Table of Contents |
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Glossary of Acronyms and Abbreviations
Acronyms and abbreviations are used throughout this report, particularly in Part I, Item 1. Unaudited Condensed Consolidated Financial Statements and Part I, Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations.
| 2022 Credits | Includes both of our announced 2022 credits, each of which provides eligible clients with discretionary credits, subject to certain predefined conditions. |
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| 2021 Credit Agreement | Our credit agreement dated February 26, 2021, as amended, supplemented or modified from time to time, most recently August 16, 2023. |
| 2021 Revolver | Our $700 million revolving line of credit included in our 2021 Credit Agreement |
| 2029 Notes | Our $500 million senior unsecured notes maturing in March 2029 |
| 2031 Notes | Our $400 million senior unsecured notes maturing in August 2031 |
| AFS | Available-for-sale |
| CARES Act | Coronavirus Aid Relief and Economic Security Act |
| CEO | Chief Executive Officer |
| CFO | Chief Financial Officer |
| COBRA | Consolidated Omnibus Budget Reconciliation Act |
| Colleague | TriNet’s internal employees (as distinguished from WSEs and HRIS Users) |
| COPS | Cost of providing services |
| COVID-19 | Novel coronavirus |
| D&A | Depreciation and amortization expenses |
| EBITDA | Earnings before interest expense, taxes, depreciation and amortization of intangible assets |
| EPS | Earnings Per Share |
| ERISA | Employee Retirement Income Security Act |
| ESAC | Employer Services Assurance Corporation |
| ETR | Effective tax rate |
| FFCRA | Families First Coronavirus Response Act |
| G&A | General and administrative |
| GAAP | Generally Accepted Accounting Principles in the United States |
| HCM | Human capital management |
| HR | Human Resources |
| HRIS | Human resources information system |
| HRIS User | A client employee who is a user of our HR Platform (for example, employees of an HRIS client) |
| IRS | Internal Revenue Service |
| ICR | Insurance cost ratio |
| ISR | Insurance service revenues |
| LIBOR | London Inter-bank Offered Rate |
| MD&A | Management's Discussion and Analysis of Financial Condition and Results of Operations |
| OE | Operating expenses |
| PEO | Professional Employer Organization |
| PFC | Payroll funds collected |
| PSR | Professional service revenues |
| R&D | Research and Development |
| Reg FD | Regulation Fair Disclosure |
| ROU | Right-of-use |
| RSU | Restricted Stock Unit |
| TRINET | 3 | 2024 Q1 FORM 10-Q |
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| GLOSSARY | Table of Contents |
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| SBC | Stock Based Compensation |
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| S&M | Sales and marketing |
| S&P | Standard & Poor's |
| SD&P | Systems development and programming |
| SEC | U.S. Securities and Exchange Commission |
| SMB | Small and medium-size business |
| TriNet Clarus R+D | Clarus R+D Solutions, LLC |
| U.S. | United States |
| WSE | A worksite employee who is co-employed by, or otherwise receiving services from a TriNet PEO |
| YTD | Year to date |
| Zenefits | YourPeople, Inc. and its subsidiaries |
| TRINET | 4 | 2024 Q1 FORM 10-Q |
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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.