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
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments358281282336184166134
Cash and cash equivalents301213228336184166134
Short-term investments576854    
Restricted cash and investments1,3881,1809421701321515
Receivables189315    
Prepaid expense63524881199
Contract with customer, asset246285 
Other current assets87645922  
Other undisclosed current assets   1,4751,2061,3811,666
Total current assets:2,1601,8711,6461,9911,5351,5711,824
Noncurrent Assets
Operating lease, right-of-use asset5155
Property, plant and equipment79857970593832
Long-term investments and receivables138125135    
Long-term investments138125135    
Intangible assets, net (including goodwill)312304310315320336371
Goodwill294289289289289289289
Intangible assets, net (excluding goodwill)18152126314782
Restricted cash and investments210212187162 10269
Deferred costs     2312
Other noncurrent assets9396781419  
Other undisclosed noncurrent assets   411622939
Total noncurrent assets:883877789602560528523
TOTAL ASSETS:3,0432,7482,4352,5932,0952,0982,348
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3684521,148855310878
Accounts payable   45231312
Employee-related liabilities3684521,14840319566
Deferred revenue134 
Debt22392240373521
Deferred tax liabilities    66
Other liabilities   14131110
Other undisclosed current liabilities1,3461,1522551,6181,2761,3031,594
Total current liabilities:1,8701,6431,4251,7571,3791,4581,769
Noncurrent Liabilities
Long-term debt and lease obligation, including:397417391383422464524
Long-term debt, excluding current maturities348369391383   
Capital lease obligations   00
Operating lease, liability4948
Other undisclosed long-term debt and lease obligation    422464524
Liabilities, other than long-term debt16921317617925916075
Accounts payable and accrued liabilities13814415816515910575
Deferred tax liabilities, net  9255 
Deferred income tax liabilities2261
Other liabilities9818148  
Other undisclosed noncurrent liabilities  6868 85
Total noncurrent liabilities:566630635630682632605
Total liabilities:2,4362,2732,0602,3872,0612,0902,374
Stockholders' equity
Stockholders' equity attributable to parent, including:607475375206358(26)
Common stock     494443
Accumulated other comprehensive income (loss)4   (1)(1)(0)
Accumulated deficit(144)(219)(266)(377)(500)(486)(468)
Other undisclosed stockholders' equity attributable to parent747694641583535  
Total stockholders' equity:607475375206358(26)
TOTAL LIABILITIES AND EQUITY:3,0432,7482,4352,5932,0952,0982,348

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues4,0343,8563,5033,2753,0602,6592,194
Revenue, net458447401342
Cost of revenue(3,216)(3,156)(2,833)(2,722)(2,632)(2,292)(1,830)
Cost of goods and services sold(3,026)(291)(2,650)(2,679)(2,604)(2,263)(1,821)
Gross profit:818700670553429367364
Operating expenses(450)(432)(419)(336)(305)(289)(277)
Operating income:3682682512171247887
Nonoperating income
(Other Nonoperating income)
   3110
Interest and debt expense(21)(21)(22)(20)(20)(19)(54)
Income from continuing operations before equity method investments, income taxes:3472472292001046033
Other undisclosed income from continuing operations before income taxes102312    
Income from continuing operations before income taxes:3572702412001046033
Income tax expense(85)(58)(49)(22)(43)(28)(18)
Net income attributable to parent:272212192178613215
Other undisclosed net loss available to common stockholders, basic      (2)
Net income available to common stockholders, basic:272212192178613213
Other undisclosed net income available to common stockholders, diluted      0
Net income available to common stockholders, diluted:272212192178613213

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:272212192178613215
Other comprehensive income (loss)    0(0)(0)
Comprehensive income:272212192178623115
Other undisclosed comprehensive income, net of tax, attributable to parent4      
Comprehensive income, net of tax, attributable to parent:276212192178623115

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.

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