Company name:
TriNet Group Inc
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IPO SHARE PRICE:$16.00
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IPO DATE:27 March 2014
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TICKER:TNET
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MAIN STOCK EXCHANGE:New York Stock Exchange
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CURRENT HQ LOCATION:One Park Place Suite 600 Dublin CA 94568
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FISCAL YEAR END:December 31
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INCORPORATION JURISDICTION:DE
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ORGANIZED AS THE FOLLOWING LEGAL TYPE:Corporation
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Investor Relations Webpage:Coming soon!
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TAX RATE:USA federal corporate nominal income tax rate is 21%
Short Description
TriNet Group Inc
We are working hard and as soon as possible to provide company description soon. Feel free to reach out to request it sooner: improve@real-clear-investing.com
Balance Sheet
(USD in thousand)
9.9%
45.6%
8.1%
Selected Year:
31-Dec
2020
2020
Current Assets
Most valuable part of Current Assets is Cash and Marketable Securities which should be watched carefully; at the same time high and growing level of Accounts Receivables is very dangerous sign
71.0%
45.6% —
Restricted cash and short-term passive investments
9.9% —
Cash and cash equivalents
8.1% —
Unbilled revenue net
2.9% —
Other short-term assets
2.1% —
Prepaid expenses
1.9% —
Short-term passive investments
0.6% —
Accounts Receivable
Liquidity
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The most liquid asset, however, most companies don't keep much of it and invest excess cash into marketable securities such as Government bonds - in the US - Treasuries
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$336,000 | $228,000 | $213,000 | $301,000 | ||||
| Short-term passive investments | - | 54,000 | 68,000 | 57,000 | ||||
| Restricted cash and cash equivalents | - | - | - | - | ||||
| Restricted cash and short-term passive investments | 1,280,000 | 942,000 | 1,180,000 | 1,388,000 | ||||
| Accounts Receivable | 21,000 | 11,000 | 9,000 | 18,000 | ||||
| Worksite employee related assets | - | - | - | - | ||||
| Unbilled revenue net | 297,000 | 304,000 | 285,000 | 246,000 | ||||
| Deferred tax assets | - | - | - | - | ||||
| Prepaid expenses | 38,000 | 48,000 | 52,000 | 63,000 | ||||
| Prepaid income taxes | - | - | - | - | ||||
| Deferred loan costs and other current assets | - | - | - | - | ||||
| Other short-term assets | 19,000 | 59,000 | 64,000 | 87,000 | ||||
| Total current assets | $1,991,000 | $1,646,000 | $1,871,000 | $2,160,000 |
6.9%
4.5%
3.1%
9.7%
Selected Year:
31-Dec
2020
2020
Non-Current Assets
Non-current assets characterize company's business: high Property, Plant, and Equipment means that company is in capital-intensive industry which typically is very cyclical (earnings fluctuate a lot); watch out for high level of Goodwill and other non-intangibles which is bad sign as they typically worth very low relative to their value shown on the balance sheet
29.0%
9.7% —
Goodwill
6.9% —
Restricted cash and investments
4.5% —
Long-term passive investments
3.1% —
Other assets non-current
2.6% —
Property equipment and software net
1.7% —
Operating lease - right-of-use assets
0.6% —
Other intangible assets
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| Restricted cash and investments | 162,000 | 187,000 | 212,000 | 210,000 | ||||
| Long-term passive investments | - | 135,000 | 125,000 | 138,000 | ||||
| Property and equipment net | 70,000 | - | - | - | ||||
| Property equipment and software net | - | 79,000 | 85,000 | 79,000 | ||||
| Workers compensation collateral receivable | - | - | - | - | ||||
| Operating lease - right-of-use assets | - | - | 55,000 | 51,000 | ||||
| Deferred tax assets | - | - | - | - | ||||
| Deferred loan costs and other assets | - | - | - | - | ||||
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Other intangible assets
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26,000 | 21,000 | 15,000 | 18,000 | ||||
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Goodwill
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289,000 | 289,000 | 289,000 | 294,000 | ||||
| Other assets non-current | - | - | 96,000 | 93,000 | ||||
| Other non-current assets | 55,000 | 78,000 | 96,000 | - | ||||
| Total non-current assets | 602,000 | 789,000 | 877,000 | 883,000 |
| Total assets | $2,593,000 | $2,435,000 | $2,748,000 | $3,043,000 |
4.4%
36.0%
5.7%
10.2%
4.5%
11.4%
24.5%
Selected Year:
31-Dec
2020
2020
Current Liabilities
Current Liabilities represent company's short-term dues to others. The most important part to watch for is short-term debt and accounts payables
61.5%
36.0% —
Payroll tax liabilities and other payroll withholdings
10.2% —
Accrued employee compensation
5.7% —
Accrued health insurance costs net
4.4% —
Customer deposits
1.9% —
Accrued employee compensation
1.6% —
Accounts payable and other current liabilities
0.7% —
Current maturities of long-term debt
0.6% —
Insurance premiums and other payables
0.4% —
Current portion of Operating leases
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| Accounts payable | - | - | - | - | ||||
| Insurance premiums and other payables | 25,000 | 19,000 | 9,000 | 18,000 | ||||
| Accounts payable and other current liabilities | 59,000 | 45,000 | 31,000 | 50,000 | ||||
| Accrued employee compensation | 329,000 | 352,000 | 391,000 | 309,000 | ||||
| Worksite employee related liabilities | - | - | - | - | ||||
| Accrued health insurance costs net | 151,000 | 135,000 | 167,000 | 172,000 | ||||
| Payroll tax liabilities and other payroll withholdings | 1,034,000 | 729,000 | 901,000 | 1,095,000 | ||||
| Deferred tax liability | - | - | - | - | ||||
| Notes and capital leases payable net | - | - | - | - | ||||
| Current portion of notes payable | - | - | - | - | ||||
| Current portion of notes payable and borrowings under capital leases | - | - | - | - | ||||
| Current maturities of long-term debt | 40,000 | 22,000 | 22,000 | 22,000 | ||||
| Current portion of Operating leases | - | - | 17,000 | 11,000 | ||||
| Other current liabilities | - | - | - | - | ||||
| Customer deposits | 52,000 | 56,000 | 44,000 | 134,000 | ||||
| Total current liabilities | $1,757,000 | $1,425,000 | $1,643,000 | $1,870,000 |
Selected Year:
31-Dec
2020
2020
Non-Current Liabilities
The most critical items are revolving credit facility, term loans, and then notes - any forms of debt; in addition, pay attention to items like pension liabilites and leases- hidden debt
18.6%
11.4% —
Long-term debt
4.5% —
Accrued employee compensation
1.6% —
Operating leases
0.7% —
Deferred tax liability
0.3% —
Other non-current liabilities
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| Accrued employee compensation | 165,000 | 158,000 | 144,000 | 138,000 | ||||
| Workers compensation loss reserves | - | - | - | - | ||||
| Deferred tax liability | 68,000 | 68,000 | 61,000 | 22,000 | ||||
| Notes payable | - | - | - | - | ||||
| Notes payable and borrowings under capital leases | - | - | - | - | ||||
| Notes and capital leases payable | - | - | - | - | ||||
| Long-term debt | 383,000 | 391,000 | 369,000 | 348,000 | ||||
| Operating leases | - | - | 48,000 | 49,000 | ||||
| Other non-current liabilities | 14,000 | 18,000 | 8,000 | 9,000 | ||||
| Total long-term liabilities | $630,000 | $635,000 | $630,000 | $566,000 |
| Total Liabilities | $2,387,000 | $2,060,000 | $2,273,000 | $2,436,000 |
Selected Year:
31-Dec
2020
2020
Equity
It's residue that is owned by shareholders after satisfying all of the liabilities with all of the assets; the larger the amount, the better the business is
19.9%
24.5% —
Additional paid-in capital
0.1% —
Accumulated other comprehensive income
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Convertible preferred stock Series G
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- | - | - | - | ||||
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Convertible preferred stock Series H
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- | - | - | - | ||||
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Preferred Stock
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- | - | - | - | ||||
| Common stock | - | - | - | - | ||||
| Retained earnings | (377,000) | (266,000) | (219,000) | - | ||||
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Accumulated deficit
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(377,000) | - | (219,000) | (144,000) | ||||
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Additional paid-in capital
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583,000 | 641,000 | 694,000 | 747,000 | ||||
| Accumulated other comprehensive income | - | - | - | 4,000 | ||||
| Accumulated other comprehensive loss | - | - | - | - | ||||
| Total Equity | $206,000 | $375,000 | $475,000 | $607,000 |
| Total Liabilities and Equity | $2,593,000 | $2,435,000 | $2,748,000 | $3,043,000 |