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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Item 1. Consolidated Statements of Income
FINANCIAL STATEMENTS(Unaudited)
CONSOLIDATED STATEMENTS OF INCOME
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| (in millions, except per share amounts) | 2024 | 2023 | 2024 | 2023 |
| Revenues | $1,561 | $1,551 | $4,968 | $4,906 |
| Payroll taxes, benefits and workers’ compensation costs | 1,332 | 1,293 | 4,134 | 4,091 |
| Gross profit | 229 | 258 | 834 | 815 |
| Salaries, wages and payroll taxes | 127 | 114 | 393 | 349 |
| Stock-based compensation | 17 | 16 | 47 | 42 |
| Commissions | 11 | 11 | 34 | 34 |
| Advertising | 9 | 7 | 28 | 30 |
| General and administrative expenses | 53 | 40 | 167 | 132 |
| Depreciation and amortization | 11 | 11 | 33 | 32 |
| Total operating expenses | 228 | 199 | 702 | 619 |
| Operating income | 1 | 59 | 132 | 196 |
| Other income (expense): | ||||
| Interest income | 9 | 9 | 28 | 25 |
| Interest expense | (7) | (7) | (21) | (20) |
| Income before income tax expense | 3 | 61 | 139 | 201 |
| Income tax expense | — | 16 | 39 | 49 |
| Net income | $3 | $45 | $100 | $152 |
| Net income per share of common stock | ||||
| Basic | $0.07 | $1.17 | $2.65 | $4.00 |
| Diluted | $0.07 | $1.16 | $2.63 | $3.94 |
| Insperity | 2024 Third Quarter Form 10-Q | 7 |
|---|
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