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$50.87+3.0%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Income and Comprehensive Income

CONSOLIDATED FINANCIAL STATEMENTS

CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME

	Year Ended December 31,
(in thousands, except per share amounts)	2023	2022	2021
Revenues	$6,485,871	$5,938,818	$4,973,070
Payroll taxes, benefits and workers’ compensation costs	5,449,068	4,927,585	4,152,968
Gross profit	1,036,803	1,011,233	820,102
Salaries, wages and payroll taxes	460,715	430,945	379,171
Stock-based compensation	52,996	50,080	40,623
Commissions	46,847	45,672	34,922
Advertising	37,324	37,503	29,097
General and administrative expenses	177,664	156,134	124,413
Depreciation and amortization	42,708	40,660	38,547
Total operating expenses	818,254	760,994	646,773
Operating income	218,549	250,239	173,329
Other income (expense):
Interest income	33,666	9,393	2,447
Interest expense	(27,137)	(14,207)	(7,458)
Income before income tax expense	225,078	245,425	168,318
Income tax expense	53,696	66,075	44,238
Net income	$171,382	$179,350	$124,080
Unrealized gain (loss) on available-for-sale securities, net of tax	91	(73)	(14)
Comprehensive income	$171,473	$179,277	$124,066
Net income per share of common stock
Basic	$4.53	$4.70	$3.22
Diluted	$4.47	$4.64	$3.18

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.