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$49.41-0.8%Stored close · as of Nov 9, 2026
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Financial Statements Condensed Consolidated Balance Sheets
CONDENSED CONSOLIDATED BALANCE SHEETS
| (in millions) | September 30, 2024 | December 31, 2023 |
|---|---|---|
| Assets | ||
| Cash and cash equivalents | $470 | $693 |
| Restricted cash | 67 | 57 |
| Marketable securities | 16 | 16 |
| Accounts receivable, net | 765 | 694 |
| Prepaid insurance and related assets | 31 | 7 |
| Funds held for clients and other current assets | 84 | 128 |
| Total current assets | 1,433 | 1,595 |
| Property and equipment, net of accumulated depreciation | 190 | 197 |
| Right-of-use (“ROU”) leased assets | 66 | 57 |
| Prepaid health insurance | 9 | 9 |
| Deposits – health insurance | 8 | 8 |
| Deposits – workers’ compensation | 175 | 198 |
| Goodwill and other intangible assets, net | 13 | 13 |
| Deferred income taxes, net | 19 | 20 |
| Other assets | 20 | 23 |
| Total assets | $1,933 | $2,120 |
| Liabilities and stockholders' equity | ||
| Accounts payable | $6 | $11 |
| Payroll taxes and other payroll deductions payable | 297 | 566 |
| Accrued worksite employee payroll costs | 650 | 559 |
| Accrued health insurance costs | 46 | 46 |
| Accrued workers’ compensation costs | 70 | 60 |
| Accrued corporate payroll and commissions | 79 | 64 |
| Income taxes payable | 8 | 3 |
| Client funds liability and other accrued liabilities | 77 | 127 |
| Total current liabilities | 1,233 | 1,436 |
| Accrued workers’ compensation costs, net of current | 140 | 163 |
| Long-term debt | 369 | 369 |
| Operating lease liabilities, net of current | 66 | 58 |
| Total noncurrent liabilities | 575 | 590 |
| Commitments and contingencies | ||
| Common stock | 1 | 1 |
| Additional paid-in capital | 208 | 185 |
| Treasury stock, at cost | (853) | (831) |
| Retained earnings | 769 | 739 |
| Total stockholders' equity | 125 | 94 |
| Total liabilities and stockholders’ equity | $1,933 | $2,120 |
| Insperity | 2024 Third Quarter Form 10-Q | 6 |
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