Insperity Inc. (NSP) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
19001 CRESCENT SPRINGS DR KINGWOOD, TX 77339 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 7363 - Help Supply Services (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 6/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments, including: | 709 | 766 | 608 | 589 | 402 | 388 | |||
| Short-term investments | 135 | 90 | 121 | 83 | 48 | 77 | |||
| Other undisclosed cash, cash equivalents, and short-term investments | 573 | 676 | 487 | 507 | 354 | 310 | |||
| Restricted cash and investments | 57 | 50 | 47 | 46 | 49 | 42 | |||
| Receivables | 694 | 623 | 513 | 393 | 466 | 401 | |||
| Prepaid expense | 7 | 12 | 11 | 10 | 10 | 8 | |||
| Funds held for clients | |||||||||
| Other current assets | 128 | 62 | 53 | 39 | 43 | 28 | |||
| Other undisclosed current assets | 12 | 4 | |||||||
| Total current assets: | 1,595 | 1,512 | 1,245 | 1,077 | 975 | 867 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 57 | 57 | 63 | 61 | ✕ | ||||
| Property, plant and equipment | 197 | 200 | 211 | 216 | 148 | 117 | |||
| Intangible assets, net (including goodwill), including: | 13 | 13 | 13 | 13 | 13 | 13 | |||
| Goodwill | 13 | 13 | 13 | 13 | |||||
| Other undisclosed intangible assets, net (including goodwill) | 13 | 13 | 0 | 0 | 0 | ||||
| Deposits noncurrent assets | 173 | ||||||||
| Deferred income tax assets | 20 | 16 | 5 | 10 | ✕ | ||||
| Other noncurrent assets | 21 | 29 | 15 | 5 | 6 | 5 | |||
| Deferred tax assets, net | ✕ | ✕ | ✕ | ✕ | ✕ | 4 | 9 | ||
| Other undisclosed noncurrent assets | 215 | 213 | 202 | 203 | 250 | 9 | |||
| Total noncurrent assets: | 524 | 527 | 508 | 507 | 420 | 325 | |||
| TOTAL ASSETS: | 2,120 | 2,039 | 1,753 | 1,584 | 1,395 | 1,192 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 140 | 88 | 594 | 493 | 393 | 85 | |||
| Employee-related liabilities | ✕ | ✕ | ✕ | 518 | 426 | 330 | 46 | ||
| Accounts payable | 11 | 8 | 6 | 6 | 5 | 11 | |||
| Accrued liabilities | 129 | 80 | 69 | 61 | 59 | 29 | |||
| Other undisclosed current liabilities | 1,297 | 1,266 | 534 | 412 | 476 | 687 | |||
| Total current liabilities: | 1,436 | 1,353 | 1,129 | 905 | 869 | 772 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 369 | 369 | 434 | 434 | 269 | 144 | |||
| Long-term debt, excluding current maturities | 369 | 369 | 369 | 369 | 269 | 144 | |||
| Liabilities, other than long-term debt | 220 | 235 | 193 | 202 | 198 | 197 | |||
| Accounts payable and accrued liabilities | 163 | 180 | 193 | 195 | 194 | 187 | |||
| Deferred rent credit | 5 | ||||||||
| Other liabilities | 6 | 10 | |||||||
| Operating lease, liability | 57 | 56 | 64 | 64 | ✕ | ||||
| Other undisclosed noncurrent liabilities | 54 | ||||||||
| Total noncurrent liabilities: | 590 | 605 | 626 | 635 | 522 | 342 | |||
| Total liabilities: | 2,026 | 1,958 | 1,755 | 1,540 | 1,391 | 1,114 | |||
| Equity | |||||||||
| Equity, attributable to parent | 94 | 81 | (2) | 44 | 4 | 78 | |||
| Common stock | 1 | 1 | 1 | 1 | 1 | 1 | |||
| Treasury stock, value | (831) | (726) | (665) | (627) | (544) | (358) | |||
| Additional paid in capital | 185 | 151 | 109 | 96 | 48 | 37 | |||
| Accumulated other comprehensive income (loss) | 0 | (0) | (0) | 0 | 0 | (0) | |||
| Retained earnings | 739 | 655 | 554 | 575 | 499 | 398 | |||
| Total equity: | 94 | 81 | (2) | 44 | 4 | 78 | |||
| TOTAL LIABILITIES AND EQUITY: | 2,120 | 2,039 | 1,753 | 1,584 | 1,395 | 1,192 | |||
Income Statement (P&L) ($ in millions)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 6,486 | 5,939 | 4,973 | 4,287 | 4,315 | 3,829 | ||
| Other undisclosed gross profit | (5,449) | (4,928) | (4,153) | (3,480) | (3,582) | (3,147) | ||
| Gross profit: | 1,037 | 1,011 | 820 | 807 | 733 | 682 | ||
| Operating expenses | (818) | (761) | (647) | (612) | (546) | (503) | ||
| Operating income: | 219 | 250 | 173 | 195 | 187 | 179 | ||
| Interest and debt expense | (27) | (14) | (7) | (8) | (8) | (5) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 2 | 3 | 11 | 8 | ||||
| Income from continuing operations before equity method investments, income taxes: | 191 | 236 | 168 | 189 | 190 | 182 | ||
| Other undisclosed income from continuing operations before income taxes | 34 | 9 | ||||||
| Income from continuing operations before income taxes: | 225 | 245 | 168 | 189 | 190 | 182 | ||
| Income tax expense | (54) | (66) | (44) | (51) | (39) | (47) | ||
| Income from continuing operations: | 171 | 179 | 124 | 138 | 151 | 135 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 124 | 138 | 151 | 135 | |
| Net income attributable to parent: | 171 | 179 | 124 | 138 | 151 | 135 | ||
| Other undisclosed net loss available to common stockholders, basic | (0) | (1) | (2) | |||||
| Net income available to common stockholders, diluted: | 171 | 179 | 124 | 137 | 149 | 135 | ||
Comprehensive Income ($ in millions)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 171 | 179 | 124 | 138 | 151 | 135 | ||
| Other undisclosed comprehensive income (loss) | (0) | (0) | (0) | 0 | (0) | |||
| Comprehensive income: | 171 | 179 | 124 | 138 | 151 | 135 | ||
| Other undisclosed comprehensive income, net of tax, attributable to parent | 0 | |||||||
| Comprehensive income, net of tax, attributable to parent: | 171 | 179 | 124 | 138 | 151 | 135 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.