TRINET GROUP INC

For the period ended Dec 31, 2024. Filed Feb 13, 2025.

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.

FY2024 · Filed Feb 13, 2025

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

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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)	2024	2023
ASSETS
Current assets:
Cash and cash equivalents	$360	$287
Investments	—	65
Restricted cash, cash equivalents and investments	1,413	1,269
Accounts receivable, net	32	18
Payroll funds receivable	349	447
Prepaid expenses, net	64	67
Other payroll assets	916	381
Other current assets	46	44
Total current assets	3,180	2,578
Restricted cash, cash equivalents and investments, noncurrent	145	158
Investments, noncurrent	—	143
Property and equipment, net	10	17
Operating lease right-of-use asset	24	24
Goodwill	461	462
Software and other intangible assets, net	156	172
Other assets	143	139
Total assets	$4,119	$3,693
Liabilities and stockholders' equity
Current liabilities:
Accounts payable and other current liabilities	$89	$87
Revolving credit agreement borrowings	75	109
Client deposits and other client liabilities	76	65
Accrued wages	580	515
Accrued health insurance costs, net	189	175
Accrued workers' compensation costs, net	44	50
Payroll tax liabilities and other payroll withholdings	1,906	1,438
Operating lease liabilities	13	14
Insurance premiums and other payables	9	10
Total current liabilities	2,981	2,463
Long-term debt, noncurrent	908	984
Accrued workers' compensation costs, noncurrent, net	110	120
Deferred taxes	11	13
Operating lease liabilities, noncurrent	26	30
Other non current liabilities	14	5
Total liabilities	4,050	3,615
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, 2024 and 2023)
Common stock and additional paid-in capital	1,056	976
($0.000025 par value per share; 750,000,000 shares authorized; 49,527,506 and 50,664,471 shares issued and outstanding at December 31, 2024 and 2023, respectively)
Retained earnings (Accumulated deficit)	(984)	(896)
Accumulated other comprehensive loss	(3)	(2)
Total stockholders' equity	69	78
Total liabilities & stockholders' equity	$4,119	$3,693

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.