INSPERITY INC

For the period ended Dec 31, 2023. Filed Feb 9, 2024.

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.

FY2023 · Filed Feb 9, 2024

NSP$49.41-0.8%Stored close · as of Nov 9, 2026

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Contents

Consolidated Balance Sheets

CONSOLIDATED FINANCIAL STATEMENTS

(in thousands, except per share amounts)	December 31, 2023	December 31, 2022
Assets
Cash and cash equivalents	$692,873	$732,828
Restricted cash	57,403	49,779
Marketable securities	15,905	33,068
Accounts receivable, net	693,878	622,764
Prepaid insurance and related assets	7,013	11,706
Funds held for clients and other current assets	128,220	61,728
Total current assets	1,595,292	1,511,873
Property and equipment, net of accumulated depreciation	197,424	199,992
Right-of-use (“ROU”) leased assets	57,438	56,532
Deposits and prepaid health insurance	215,070	213,270
Goodwill and other intangible assets, net	12,707	12,707
Deferred income taxes, net	20,347	15,533
Other assets	21,381	29,354
Total assets	$2,119,659	$2,039,261
Liabilities and stockholders' equity
Accounts payable	$10,693	$7,732
Payroll taxes and other payroll deductions payable	566,373	556,085
Accrued worksite employee payroll costs	559,194	513,397
Accrued health insurance costs	46,460	53,402
Accrued workers’ compensation costs	60,475	53,485
Accrued corporate payroll and commissions	64,286	89,147
Client funds liability and other accrued liabilities	128,808	80,122
Total current liabilities	1,436,289	1,353,370
Accrued workers’ compensation costs, net of current	162,852	179,629
Long-term debt	369,400	369,400
Operating lease liabilities, net of current	57,494	55,587
Total noncurrent liabilities	589,746	604,616
Commitments and contingencies
Stockholders' equity:
Preferred stock ($0.01 per share par value; 20,000 shares authorized; no shares issued and outstanding)	—	—
Common stock ($0.01 per share par value; 120,000 shares authorized; 55,489 shares issued and 37,281 shares and 37,881 shares outstanding, respectively)	555	555
Additional paid-in capital	185,031	151,144
Treasury stock, at cost (18,208 and 17,608 shares held in treasury, respectively)	(830,524)	(725,532)
Accumulated other comprehensive income (loss), net of tax	9	(82)
Retained earnings	738,553	655,190
Total stockholders' equity	93,624	81,275
Total liabilities and stockholders’ equity	$2,119,659	$2,039,261

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.