TRINET GROUP INC
For the period ended Sep 30, 2024. Filed Oct 25, 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.
Sep 30, 2024 · Filed Oct 25, 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.
| 2021 Credit Agreement | Our credit agreement dated February 26, 2021, as amended, supplemented or modified from time to time, most recently August 16, 2023 |
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| 2021 Revolver | Our $700 million revolving line of credit included in our 2021 Credit Agreement, as amended on August 16, 2023 |
| 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 |
| 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 |
| D&A | Depreciation and amortization expenses |
| EBITDA | Earnings before interest expense, taxes, depreciation and amortization of intangible assets |
| EPLI | Employment Practices Liability Insurance |
| EPS | Earnings Per Share |
| ERISA | Employee Retirement Income Security Act |
| ERP | Enterprise resource planning |
| ETR | Effective tax rate |
| FASB | Financial Accounting Standards Board |
| 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) |
| ICR | Insurance cost ratio |
| ISR | Insurance service revenues |
| MD&A | Management's Discussion and Analysis of Financial Condition and Results of Operations |
| OE | Operating expenses |
| PEO | Professional Employer Organization |
| PEO Platform Users | Individuals authorized by our clients to access and use the PEO platform |
| PFC | Payroll funds collected |
| PSR | Professional service revenues |
| Recovery Credits | Historical credits granted to eligible clients allowing them a discrete reduction in the cost of future services |
| Reg FD | Regulation Fair Disclosure |
| ROU | Right-of-use |
| RSU | Restricted Stock Unit |
| SaaS | Software as a Service |
| TRINET | 3 | 2024 Q3 FORM 10-Q |
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| GLOSSARY | Table of Contents |
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| SBC | Stock Based Compensation |
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| Senior Notes | The 2029 Notes and the 2031 Notes |
| 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 |
| TriNet Trust | Trust which was created for the purpose of holding funds provided by HRIS clients for the remittance to HRIS Users, tax authorities and other recipients |
| U.S. | United States of America |
| VIE | Variable interest entity |
| 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 Q3 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.