Company name:

TriNet Group Inc

  • IPO SHARE PRICE:
    $16.00
  • IPO DATE:
    March 27, 2014
  • TICKER:
    TNET
  • MAIN STOCK EXCHANGE:
    New York Stock Exchange
  • CURRENT HQ LOCATION:
    One Park Place Suite 600 Dublin CA 94568
  • FISCAL YEAR END:
    December 31
  • INCORPORATION JURISDICTION:
    DE
  • ORGANIZED AS THE FOLLOWING LEGAL TYPE:
    Corporation
  • Investor Relations Webpage:
    Coming soon!
  • TAX RATE:
    USA federal corporate nominal income tax rate is 21%

Short Description

TriNet Group Inc

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Statement of Cash Flow

Quarterly Annual
(USD in thousand)
Selected Year:
31-Dec
2020
OPERATING ACTIVITIES
Cash received and spent on operating activites of business — buying materials, paying salaries, receiving payments from clients, etc
36.0% - Net income (loss)
25.7% - Payroll taxes payable and other payroll withholdings
11.5% - Customer deposits
8.9% - Depreciation and amortization
5.7% - Stock-based compensation
5.2% - Deferred revenue
2.5% - Accounts payable and other liabilities
1.9% - Amortization of ROU asset
1.5% - Other liabilities
0.7% - Accrued health insurance costs
0.3% - Accretion of discount on lease liabilities
0.1% - (Accretion) amortization of investment discount premium net
0.1% - Lease modification and impairment
SOURCEs
8.9% 5.2% 11.5% 25.7% 5.7% 36.0%
100 %
0%
USES
83.2% 5.6% 5.0%
5.6% - Deferred income taxes
5.0% - Other assets
2.5% - Operating lease liabilities
1.6% - Prepaid expenses and other assets
1.2% - Accrued employee compensation
0.9% - Accounts receivable
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Net income (loss)
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 $192,000 $212,000 $272,000 $272,000 $88,000
Depreciation and amortization
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 46,000 57,000 67,000 67,000 72,000
Accretion of discount on lease liabilities
-
-
-
-
-
-
 - - 2,000 2,000 -
Stock-based compensation
$45,679
-
$45,679
$45,679
$45,679
$45,679
 44,000 41,000 43,000 43,000 48,000
Amortization of ROU asset
-
-
-
-
-
-
 - - 14,000 14,000 56,000
(Accretion) amortization of investment discount premium net (Accretion) amortization of investment discount premium net
-
-
-
-
-
-
 - (1,000) 1,000 1,000 4,000
Lease expense
-
-
-
-
-
-
 - 16,000 - - -
Accretion of workers compensation and leases fair value adjustment Accretion of workers compensation and leases fair value adjustment
$45,679
$45,679
$45,679
$45,679
-
-
 - - - - -
Excess tax benefit related to stock-options compensation Excess tax benefit related to stock-options compensation
$45,679
$45,679
$45,679
-
-
-
 - - - - -
Deferred income taxes
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 1,000 (7,000) (42,000) (42,000) (168,000)
Lease modification and impairment
-
-
-
-
-
-
 - - 1,000 1,000 4,000
Accounts receivable
-
-
-
-
$45,679
$45,679
 10,000 5,000 (7,000) (7,000) (48,000)
Income taxes payable and receivable
$45,679
-
-
-
-
-
 - - - - -
Workers compensation collateral receivable
-
-
$45,679
$45,679
-
-
 - - - - -
Workers compensation receivables
$45,679
-
-
-
-
-
 - - - - -
Prepaid expenses and other assets
$45,679
-
$45,679
$45,679
$45,679
$45,679
 (9,000) (5,000) (12,000) (12,000) (44,000)
Prepaid income taxes
-
-
$45,679
$45,679
-
-
 - - - - -
Restricted cash and cash equivalents
$45,679
-
$45,679
$45,679
-
-
 - - - - -
Worksite employee related assets
$45,679
-
$45,679
$45,679
-
-
 - - - - -
Other assets
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 (64,000) (34,000) (38,000) (38,000) 32,000
Accounts payable
$45,679
$45,679
$45,679
$45,679
-
-
 - - - - -
Accounts payable and other liabilities
-
-
-
-
$45,679
$45,679
 (8,000) (15,000) 19,000 19,000 36,000
Payroll taxes payable and other payroll withholdings
-
-
-
-
$45,679
$45,679
 (305,000) 172,000 194,000 194,000 2,644,000
Accrued employee compensation
-
-
-
-
$45,679
$45,679
 23,000 (20,000) (9,000) (9,000) (28,000)
Accrued compensation and employee benefits
-
-
-
-
$45,679
$45,679
 (7,000) - - - -
Accrued corporate wages and other current liabilities
-
-
$45,679
$45,679
-
-
 - - - - -
Accrued health insurance costs
-
-
-
-
$45,679
$45,679
 (16,000) 32,000 5,000 5,000 48,000
Workers compensation loss reserves
-
-
$45,679
-
-
-
 - - - - -
Worksite employee related liabilities
$45,679
-
$45,679
$45,679
-
-
 - - - - -
Workers compensation loss reserves and other liabilities Workers compensation loss reserves and other liabilities
-
-
-
$45,679
-
-
 - - - - -
Deferred revenue
-
-
-
-
$45,679
$45,679
 (14,000) 19,000 39,000 39,000 516,000
Operating lease liabilities
-
-
-
-
-
-
 - (17,000) (19,000) (19,000) (16,000)
Customer funds
-
-
-
-
$45,679
$45,679
 4,000 (12,000) - - -
Customer deposits
-
-
-
-
-
-
 - - 87,000 87,000 (304,000)
Other liabilities
$45,679
$45,679
-
-
$45,679
$45,679
 (1,000) (12,000) 11,000 11,000 32,000
Net cash provided by (used in) operating activities
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 ($104,000) $471,000 $546,000 $546,000 $2,344,000
Selected Year:
31-Dec
2020
INVESTING ACTIVITIES
Cash spent on acquiring plant, equipment and other businesses, cash recei0 from sale of plant, equipment and subsidiaries as well cash parked temporarily in different securities - government bonds typically
59.7% - Maturities and sales of marketable securities
SOURCEs
40.3% 59.7%
100 %
0%
USES
9.6% 87.2% 3.2%
87.2% - Purchases of marketable securities
9.6% - (Purchase) sale of property and equipment
3.2% - Other investing activities
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Purchases of marketable securities
-
-
$45,679
$45,679
$45,679
$45,679
 (258,000) (302,000) (327,000) (327,000) (196,000)
Maturities of marketable securities
-
-
$45,679
$45,679
-
-
 - - - - -
Maturities and sales of marketable securities
-
-
-
-
$45,679
$45,679
 101,000 159,000 224,000 224,000 232,000
(Purchases) sale of debt securities
$45,679
$45,679
-
-
-
-
 - - - - -
Maturities and sales of debt securities
$45,679
-
-
-
-
-
 - - - - -
Maturities of debt securities
-
$45,679
-
-
-
-
 - - - - -
(Purchase) sale of property and equipment
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 (43,000) (45,000) (36,000) (36,000) (36,000)
Acquisition of business net of cash
$45,679
$45,679
$45,679
$45,679
-
-
 - - - - -
Other investing activities
-
-
-
-
-
-
 - - (12,000) (12,000) -
Net cash provided by (used in) investing activities
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 ($200,000) ($188,000) ($151,000) ($151,000) -
Selected Year:
31-Dec
2020
FINANCING ACTIVITIES
Items in this group are concerned with borrowing funds, repaying debt, issuing equity, buying back shares, etc.
54.4% - Borrowing under Revolving Credit Facility
2.3% - Issuance of common stock
SOURCEs
43.3% 54.4%
100 %
0%
USES
0.0% 4.2% 54.4% 41.4%
54.4% - Repayment of Revolving Credit Facility
41.4% - Repurchases of common stock
4.2% - Awards effectively repurchased for required employee withholding taxes
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Issuance of common stock
$45,679
-
$45,679
-
$45,679
$45,679
 14,000 11,000 10,000 10,000 20,000
Issuance of common stock from excercise of stock options Issuance of common stock from excercise of stock options
$45,679
$45,679
$45,679
$45,679
-
-
 - - - - -
Issuance of common stock under Employee Stock Purchase Plan (ESPP) Issuance of common stock under Employee Stock Purchase Plan (ESPP)
$45,679
$45,679
$45,679
-
-
-
 - - - - -
Borrowing under Revolving Credit Facility
-
-
-
-
-
-
 - - 234,000 234,000 -
Repayment of Revolving Credit Facility
-
-
-
-
-
-
 - - (234,000) (234,000) (936,000)
Borrowing under notes payable
$45,679
$45,679
$45,679
-
-
-
 - - - - -
Repayment of notes payable
$45,679
-
-
$45,679
-
-
 - - - - -
Repayment of debt
-
-
$45,679
-
$45,679
$45,679
 (22,000) - - - (24,000)
Borrowing
-
-
-
-
$45,679
$45,679
 210,000 - - - -
Repayment of capital leases and financing obligations
$45,679
-
-
-
-
-
 - - - - -
Borrowing (repayment) under notes payable and capital leases Borrowing (repayment) under notes payable and capital leases
-
-
$45,679
-
-
-
 - - - - -
Debt issuance costs
$45,679
$45,679
$45,679
-
-
-
 - - - - -
Awards effectively repurchased for required employee withholding taxes Awards effectively repurchased for required employee withholding taxes
-
$45,679
$45,679
$45,679
$45,679
$45,679
 (22,000) (25,000) (18,000) (18,000) (28,000)
Excess tax benefit from stock-based compensation
$45,679
$45,679
$45,679
-
-
-
 - - - - -
Special dividend paid
$45,679
-
-
-
-
-
 - - - - -
Repurchases of common stock
$45,679
-
$45,679
$45,679
$45,679
$45,679
 (61,000) (140,000) (178,000) (178,000) (172,000)
Tax credit received for deductible IPO transaction costs Tax credit received for deductible IPO transaction costs
-
-
$45,679
$45,679
-
-
 - - - - -
Net cash provided by (used in) financing activities
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 ($85,000) ($176,000) ($208,000) ($208,000) ($1,140,000)
Selected Year:
31-Dec
2020
NET CHANGE IN CASH
Grand Total for sum of cash flows coming from operations, investing and financing
$187,000,000
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Cash and equivalents - Beginning of period
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 $1,738,000 $1,349,000 $1,456,000 - $5,368,000
Effect of changes in foreign exchange rates on cash
$45,679
$45,679
$45,679
-
-
-
 - - - - -
(Decrease) increase in cash and cash equivalents
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 (389,000) 107,000 187,000 - 1,204,000
Cash and equivalents - End of period
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 $1,349,000 $1,456,000 $1,643,000 - $6,572,000