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TNET • CIK 0000937098
| (in thousands, except per share data) | FY 2023 | FY 2024 | FY 2025 | TTM |
|---|---|---|---|---|
| Net Income (Loss) Available to Common Stockholders, Basic | $375,000 | $173,000 | $155,000 | $175,000 |
| Weighted Average Number of Shares Outstanding, Basic | 57,000,000 | 50,000,000 | 48,000,000 | 45,000,000 |
| Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements | 0 | 0 | 1,000,000 | 2,000,000 |
| Weighted Average Number of Shares Outstanding, Diluted | 57,000,000 | 50,000,000 | 49,000,000 | 47,000,000 |
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 1,000,000 | 1,000,000 | 2,000,000 | 4,000,000 |
| (in thousands, except per share data) | FY 2023 | FY 2024 | FY 2025 | TTM |
|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | $287,000 | $360,000 | $287,000 | $358,000 |
| Restricted Cash and Investments, Current | $1,269,000 | $1,413,000 | $1,694,000 | $1,039,000 |
| Restricted Cash and Investments, Noncurrent | $158,000 | $145,000 | $128,000 | $122,000 |
| Accounts Receivable, after Allowance for Credit Loss, Current | $18,000 | $32,000 | $20,000 | $3,000 |
| Property, Plant and Equipment, Net | $17,000 | $10,000 | $11,000 | $27,000 |
| Contract with Customer, Asset, after Allowance for Credit Loss, Current | $447,000 | $349,000 | $264,000 | $428,000 |
| Operating Lease, Right-of-Use Asset | $24,000 | $24,000 | $36,000 | $40,000 |
| Prepaid Expense, Current | $67,000 | $64,000 | $82,000 | $53,000 |
| Goodwill | $462,000 | $461,000 | $461,000 | $465,000 |
| Intangible Assets, Net (Excluding Goodwill) | $172,000 | $156,000 | $153,000 | $173,000 |
| Other Assets, Current | $44,000 | $46,000 | $47,000 | $76,000 |
| Other Assets, Noncurrent | $139,000 | $143,000 | $140,000 | $135,000 |
| Assets, Current | $2,578,000 | $3,180,000 | $2,868,000 | $2,384,000 |
| Assets | $3,693,000 | $4,119,000 | $3,797,000 | $3,346,000 |
| Long-term Debt, Excluding Current Maturities | $984,000 | $908,000 | $895,000 | $896,000 |
| Workers' Compensation Liability, Noncurrent | $120,000 | $110,000 | $106,000 | $104,000 |
| Deferred Income Tax Liabilities, Net | $13,000 | $11,000 | $55,000 | $54,000 |
| Operating Lease, Liability, Noncurrent | $30,000 | $26,000 | $37,000 | $44,000 |
| Other Liabilities, Noncurrent | $5,000 | $14,000 | $13,000 | $14,000 |
| Liabilities | $3,615,000 | $4,050,000 | $3,743,000 | $3,221,000 |
| Accounts Payable and Other Accrued Liabilities, Current | $87,000 | $89,000 | $86,000 | $103,000 |
| Line of Credit, Current | $109,000 | $75,000 | $0 | $0 |
| Contract with Customer, Liability, Current | $65,000 | $76,000 | $57,000 | $76,000 |
| Accrued Salaries, Current | $515,000 | $580,000 | $555,000 | $547,000 |
| Workers' Compensation Liability, Current | $50,000 | $44,000 | $42,000 | $42,000 |
| Operating Lease, Liability, Current | $14,000 | $13,000 | $10,000 | $10,000 |
| Liabilities, Current | $2,463,000 | $2,981,000 | $2,637,000 | $2,109,000 |
| Preferred Stock, Value, Issued | $0 | $0 | $0 | $0 |
| Common Stocks, Including Additional Paid in Capital | $976,000 | $1,056,000 | $1,135,000 | $1,174,000 |
| Retained Earnings (Accumulated Deficit) | $-896,000 | $-984,000 | $-1,081,000 | $-1,046,000 |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | $-2,000 | $-3,000 | $0 | $-3,000 |
| Stockholders' Equity Attributable to Parent | $78,000 | $69,000 | $54,000 | $125,000 |
| Preferred Stock, Shares Authorized | 20,000,000 | 20,000,000 | 20,000,000 | 20,000,000 |
| Preferred Stock, Shares Issued | 0 | 0 | 0 | 0 |
| Common Stock, Shares Authorized | 750,000,000 | 750,000,000 | 750,000,000 | 750,000,000 |
| Common Stock, Shares, Issued | 50,664,471 | 49,527,506 | 47,377,950 | 45,971,977 |
| (in thousands, except per share data) | FY 2023 | FY 2024 | FY 2025 | TTM |
|---|---|---|---|---|
| Net Income (Loss) Attributable to Parent | $375,000 | $173,000 | $155,000 | $175,000 |
| Net Cash Provided by (Used in) Operating Activities | $545,000 | $279,000 | $303,000 | $370,000 |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $0 | $0 | $0 | $-1,000 |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $-71,000 | $225,000 | $211,000 | $-129,000 |
| Other Depreciation and Amortization | $72,000 | $75,000 | $66,000 | $69,000 |
| Payments to Acquire Marketable Securities | $276,000 | $190,000 | $78,000 | $113,000 |
| Amortization of Other Deferred Charges | $40,000 | $44,000 | $49,000 | $52,000 |
| Proceeds from Sale and Maturity of Marketable Securities | $286,000 | $421,000 | $103,000 | $97,000 |
| Operating Lease, Right-of-Use Asset, Amortization Expense | $9,000 | $11,000 | $7,000 | $8,000 |
| Payments to Acquire Property, Plant, and Equipment | $75,000 | $78,000 | $69,000 | $82,000 |
| Share-based Payment Arrangement, Noncash Expense | $59,000 | $65,000 | $65,000 | $67,000 |
| Proceeds from Divestiture of Businesses | — | — | $1,000 | $0 |
| Deferred Income Taxes and Tax Credits | $5,000 | $-2,000 | $45,000 | $46,000 |
| Payments to Acquire Other Investments | $5,000 | $0 | $0 | $0 |
| Net Cash Provided by (Used in) Investing Activities | $-70,000 | $153,000 | $-43,000 | $-120,000 |
| Payments for Repurchase of Common Stock | $1,122,000 | $183,000 | $183,000 | $168,000 |
| Proceeds from Issuance of Common Stock | $15,000 | $12,000 | $11,000 | $9,000 |
| Proceeds from Notes Payable | — | $0 | $0 | $0 |
| Proceeds from Lines of Credit | $695,000 | $0 | $0 | $0 |
| Repayments of Lines of Credit | $495,000 | $110,000 | $90,000 | $90,000 |
| Payment, Tax Withholding, Share-based Payment Arrangement | $30,000 | $28,000 | $16,000 | $13,000 |
| Payments of Dividends | — | $37,000 | $52,000 | $52,000 |
| Net Cash Provided by (Used in) Financing Activities | $-546,000 | $-207,000 | $-49,000 | $-378,000 |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $1,466,000 | $1,691,000 | $1,902,000 | $2,010,000 |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $25,000 | $59,000 | $52,000 | $50,000 |
| Income Taxes Paid, Net | $114,000 | $76,000 | $27,000 | $9,000 |
| Dividends Payable | — | $12,000 | $13,000 | $13,000 |
| Capital Expenditures Incurred but Not yet Paid | $4,000 | $2,000 | $3,000 | $9,000 |
| Increase (Decrease) in Accounts Receivable | $2,000 | $2,000 | $0 | $0 |
| Increase (Decrease) in Prepaid Expense | $-4,000 | $18,000 | $12,000 | $-4,000 |
| Increase (Decrease) in Other Operating Assets | $38,000 | $52,000 | $42,000 | $53,000 |
| Increase (Decrease) in Accounts Payable and Other Operating Liabilities | $-8,000 | $-7,000 | $-4,000 | $12,000 |
| Increase (Decrease) in Contract with Customer, Liability | $-40,000 | $-10,000 | $-3,000 | $-4,000 |
| Increase (Decrease) in Accrued Salaries | $77,000 | $-5,000 | $-2,000 | $2,000 |
| Increase (Decrease) in Health Care Insurance Liabilities | $1,000 | $-2,000 | $1,000 | $0 |
| Increase (Decrease) in Workers' Compensation Liabilities | $-12,000 | $-11,000 | $-4,000 | $-5,000 |
| Increase (Decrease) in Other Employee-Related Liabilities | $351,000 | $-3,000 | $-10,000 | $2,000 |
| IncreaseDecreaseInOperatingLeaseLiability | — | $-15,000 | $-13,000 | $-8,000 |