INSPERITY INC
For the period ended Sep 30, 2024. Filed Oct 31, 2024.
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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, 2024 · Filed Oct 31, 2024
NSP$50.87+3.0%Stored close · as of Nov 10, 2026
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Consolidated Statements of Cash Flows
FINANCIAL STATEMENTS(Unaudited)
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Nine Months Ended September 30, | ||
|---|---|---|
| (in millions) | 2024 | 2023 |
| Cash flows from operating activities | ||
| Net income | $100 | $152 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 33 | 32 |
| Stock-based compensation | 47 | 42 |
| Deferred income taxes | 1 | 6 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (71) | (34) |
| Prepaid insurance and related assets | (24) | (9) |
| Other current assets | (7) | — |
| Other assets and ROU assets | 13 | 3 |
| Accounts payable | (5) | (1) |
| Payroll taxes and other payroll deductions payable | (269) | (38) |
| Accrued worksite employee payroll costs | 91 | 47 |
| Accrued health insurance costs | — | (2) |
| Accrued workers’ compensation costs | (13) | (7) |
| Accrued corporate payroll, commissions and other accrued liabilities | — | (44) |
| Income taxes payable/receivable | 5 | (7) |
| Total adjustments | (199) | (12) |
| Net cash provided by (used in) operating activities | (99) | 140 |
| Cash flows from investing activities | ||
| Marketable securities: | ||
| Purchases | (17) | (40) |
| Proceeds from maturities | 17 | 32 |
| Proceeds from dispositions | — | 28 |
| Property and equipment purchases | (25) | (22) |
| Net cash used in investing activities | (25) | (2) |
| Cash flows from financing activities | ||
| Purchase of treasury stock | (52) | (131) |
| Dividends paid | (67) | (63) |
| Client funds liability and other | (44) | (1) |
| Net cash used in financing activities | (163) | (195) |
| Net decrease in cash, cash equivalents, restricted cash and funds held for clients | (287) | (57) |
| Cash, cash equivalents, restricted cash and funds held for clients beginning of period | 1,035 | 1,014 |
| Cash, cash equivalents, restricted cash and funds held for clients end of period | $748 | $957 |
| Supplemental cash flow information: | ||
|---|---|---|
| ROU assets obtained in exchange for lease obligations | $24 | $12 |
| Excise tax liability accrued for common stock repurchases | — | 1 |
| Insperity | 2024 Third Quarter Form 10-Q | 8 |
|---|
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