TRINET GROUP, INC.
For the period ended Sep 30, 2026. Filed Oct 29, 2026.
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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, 2026 · Filed Oct 29, 2026
TNET$66.30+2.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Cash Flows
| FINANCIAL STATEMENTS | Table of Contents |
|---|
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)
| Nine Months Ended September 30, | ||
|---|---|---|
| (in millions) | 2026 | 2025 |
| Operating activities | ||
| Net income | $173 | $156 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization of intangible assets | 53 | 50 |
| Amortization of deferred costs | 39 | 36 |
| Amortization of ROU asset, lease modification, impairment, and abandonment | 6 | 5 |
| Deferred income taxes | (2) | (3) |
| Stock based compensation | 50 | 48 |
| Other | 9 | 4 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable, net | 1 | 1 |
| Prepaid expenses, net | 26 | 14 |
| Other assets | (34) | (30) |
| Accounts payable and other liabilities | 9 | — |
| Client deposits and other client liabilities | (2) | (1) |
| Accrued wages | (8) | (15) |
| Accrued workers' compensation costs, net | (3) | — |
| Payroll taxes liabilities and other payroll withholdings | (1) | (12) |
| Operating lease liabilities | 1 | (11) |
| Net cash provided by operating activities | 317 | 242 |
| Investing activities | ||
| Purchases of marketable securities | (151) | (59) |
| Proceeds from sale and maturity of marketable securities | 78 | 82 |
| Acquisitions of property and equipment and software | (74) | (51) |
| Proceeds from sale of business | — | 1 |
| Acquisition of subsidiary, net of cash acquired | (22) | — |
| Net cash used in investing activities | (169) | (27) |
| Financing activities | ||
| Change in WSE and TriNet Trust related assets and liabilities, net | (529) | (303) |
| Repurchase of common stock | (94) | (122) |
| Proceeds from issuance of common stock | 5 | 6 |
| Awards effectively repurchased for required employee withholding taxes | (10) | (12) |
| Repayment of revolving credit agreement borrowings | — | (90) |
| Dividends paid | (40) | (39) |
| Net cash used in financing activities | (668) | (560) |
| Net change in cash and cash equivalents, unrestricted and restricted | (520) | (345) |
| Cash and cash equivalents, unrestricted and restricted: | ||
| Beginning of period | 1,902 | 1,691 |
| End of period | $1,382 | $1,346 |
| Supplemental disclosures of cash flow information | ||
| Interest paid | $48 | $51 |
| Income taxes paid, net | $17 | $27 |
| Supplemental schedule of noncash investing and financing activities | ||
| Cash dividend declared, but not yet paid | $13 | $13 |
| Payable for purchase of property and equipment | $3 | $3 |
| Receivable from sale of business | $— | $6 |
| TRINET | 32 | 2026 Q3 FORM 10-Q |
|---|
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