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TRINET GROUP INC

For the period ended Sep 30, 2024. Filed Oct 25, 2024.

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About 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.

Sep 30, 2024 · Filed Oct 25, 2024

TNET$66.63-1.0%Stored close · as of Nov 6, 2026
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 10-Q

(Mark One)

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended September 30, 2024

or

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to

Commission File Number:001-36373

(Exact Name of Registrant as Specified in its Charter)

Delaware95-3359658
(State or other jurisdiction ofincorporation or organization)(I.R.S. EmployerIdentification No.)
One Park Place,Suite 600
Dublin,CA94568
(Address of principal executive offices)(Zip Code)

Registrant’s telephone number, including area code: (510)352-5000

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s)Name of each exchange on which registered
Common stock par value $0.000025 per shareTNETNew York Stock Exchange

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes x Noo

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes x Noo

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filerxAccelerated filero
Non-accelerated fileroSmaller reporting company☐
Emerging growth company☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ Nox

The number of shares of Registrant’s Common Stock outstanding as of October 18, 2024 was 49,576,019.

TABLE OF CONTENTS

Form 10-Q - Quarterly Report

For the Quarterly Period Ended September 30, 2024

TABLE OF CONTENTS

Form 10-QCross ReferencePage
Glossary3
Cautionary Note Regarding Forward-Looking Statements5
Unaudited Condensed Consolidated Financial StatementsPart I, Item 1.31
Condensed Consolidated Statements of Income and Comprehensive Income31
Condensed Consolidated Balance Sheets32
Condensed Consolidated Statements of Stockholders' Equity33
Condensed Consolidated Statements of Cash Flows34
Notes to Condensed Consolidated Financial Statements35
Note 1. Description of Business and Significant Accounting Policies35
Note 2. Cash, Cash Equivalents and Investments - Unrestricted and Restricted39
Note 3. Financial Instruments and Fair Value Measurements39
Note 4. Accrued Workers' Compensation Costs42
Note 5. Commitments and Contingencies42
Note 6. Stock Based Compensation43
Note 7. Stockholders' Equity43
Note 8. Income Taxes44
Note 9. Earnings Per Share44
Management’s Discussion and Analysis of Financial Condition and Results of OperationsPart I, Item 2.7
Quantitative and Qualitative Disclosures About Market RiskPart I, Item 3.29
Controls and ProceduresPart I, Item 4.30
Legal ProceedingsPart II, Item 1.45
Risk FactorsPart II, Item 1A.45
Unregistered Sales of Equity Securities and Use of ProceedsPart II, Item 2.45
Defaults Upon Senior SecuritiesPart II, Item 3.46
Mine Safety DisclosuresPart II, Item 4.46
Other InformationPart II, Item 5.46
ExhibitsPart II, Item 6.47
TRINET22024 Q3 FORM 10-Q
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.