TriNet Group, Inc. (TNET) financial statements (2021 and earlier)

Company profile

Business Address ONE PARK PLACE., SUITE 600
DUBLIN, CA 94568
State of Incorp.
Fiscal Year End December 31
SIC 7389 - Business Services, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments358624713586281283295
Cash and cash equivalents301563637521213216219
Short-term investments57617665686776
Restricted cash and investments1,3888327357791,180585672
Receivables186599910
Prepaid expense63535055526364
Contract with customer, asset246375352380285366341
Other current assets87898083646973
Total current assets:2,1601,9791,9351,8921,8711,3751,455
Noncurrent Assets
Operating lease, right-of-use asset51424652555760
Property, plant and equipment79808282858689
Long-term investments and receivables138141128130125128117
Long-term investments138141128130125128117
Intangible assets, net (including goodwill)312313302303304306307
Goodwill294294289289289289289
Intangible assets, net (excluding goodwill)18191314151718
Restricted cash and investments210205204204212198200
Other noncurrent assets93107105102969590
Total noncurrent assets:883888867873877870863
TOTAL ASSETS:3,0432,8672,8022,7652,7482,2452,318
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities368515473492452468441
Employee-related liabilities368515473492452468441
Deferred revenue13420914638   
Debt22222238393939
Other undisclosed current liabilities1,3468919301,0401,152615739
Total current liabilities:1,8701,6371,5711,6081,6431,1221,219
Noncurrent Liabilities
Long-term debt and lease obligation397394401409417427435
Long-term debt, excluding current maturities348353358364369375380
Operating lease, liability49414345485255
Liabilities, other than long-term debt169216214215213219225
Accounts payable and accrued liabilities138142141145144146148
Deferred income tax liabilities22646362616467
Other liabilities9101088910
Total noncurrent liabilities:566610615624630646660
Total liabilities:2,4362,2472,1862,2322,2731,7681,879
Stockholders' equity
Stockholders' equity attributable to parent, including:607620616533475477439
Accumulated other comprehensive income4552 11
Accumulated deficit(144)(115)(108)(172)(219)(200)(229)
Other undisclosed stockholders' equity attributable to parent747730719703694676667
Total stockholders' equity:607620616533475477439
TOTAL LIABILITIES AND EQUITY:3,0432,8672,8022,7652,7482,2452,318

Income statement (P&L) ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues1,0639759481,0481,018969935
Cost of revenue(901)(838)(686)(825)(842)(818)(779)
Cost of goods and services sold(854)(770)(626)(776)(71)(70)(75)
Gross profit:162137262223176151156
Operating expenses(132)(92)(89)(103)(113)(83)(101)
Operating income:3045173120636855
Interest and debt expense(5)(8)(4)(4)(4)(6)(6)
Income from continuing operations before equity method investments, income taxes:2537169116596249
Other undisclosed income from continuing operations before income taxes1225557
Income from continuing operations before income taxes:2639171121646756
Income tax expense(4)(6)(45)(30)(16)(12)(10)
Net income available to common stockholders, diluted:223312691485546

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income:223312691485546
Comprehensive income:223312691485546
Other undisclosed comprehensive income (loss), net of tax, attributable to parent  32(1) 1
Comprehensive income, net of tax, attributable to parent:223312993475547

Statements sources

The financial statements are based on the company's filings with the 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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: