Company name:
TriNet Group Inc
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IPO SHARE PRICE:$16.00
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IPO DATE:March 27, 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
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Income Statement
(USD in thousand)
Selected Year:
31-Dec
2020
2020
Revenue
Gross receipts in the form of cash (great!) and promises to pay (Account Receivables - not so great as some of them will never be collected but reality of business!) from all its customers
100%
86.5% —
Insurance service revenues
13.5% —
Professional service revenues
Selected Year:
31-Dec
2020
2020
Operating expenses
Cost (labor, materials, depreciation, overhead, etc) for delivering service or manufacturing a product that business sells
90.9%
73.8% —
Insurance costs
6.5% —
Cost of providing services
4.6% —
Sales and marketing
3.8% —
General and administrative
1.2% —
Depreciation and amortization
1.0% —
Systems development and programming costs
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Insurance costs
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2,466,000 | 2,610,000 | 2,927,000 | 2,979,000 | 2,979,000 | 3,368,000 | |||||
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Cost of providing services
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213,000 | 229,000 | 245,000 | 262,000 | 262,000 | 280,000 | |||||
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Cost of providing services excluding depreciation and amortization
Cost of providing services excluding depreciation and amortization
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213,000 | 229,000 | - | - | - | - | |||||
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Systems development and programming costs
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45,000 | 49,000 | 43,000 | 40,000 | 40,000 | 52,000 | |||||
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Sales and marketing
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187,000 | 182,000 | 190,000 | 186,000 | 186,000 | 200,000 | |||||
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General and administrative
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114,000 | 142,000 | 137,000 | 152,000 | 152,000 | 184,000 | |||||
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Depreciation and amortization
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33,000 | 40,000 | 46,000 | 47,000 | 47,000 | 48,000 | |||||
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Depreciation
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- | - | - | - | - | - | |||||
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Amortization
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- | - | - | - | - | - | |||||
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Total costs and operating expenses
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$3,058,000 | $3,252,000 | $3,588,000 | $3,666,000 | $3,666,000 | $4,132,000 |
Selected Year:
31-Dec
2020
2020
Operating Income
Income after excluding Operating Expenses from Total Revenue
9.1%
9.1% —
Operating Income
Key metric that shows earnings potential of the company's business model
Selected Year:
31-Dec
2020
2020
Non-operating expenses
Cost usually unrelated to delivering service or manufacturing a product that business sells
Selected Year:
31-Dec
2020
2020
Earnings before Interest and Taxes (EBIT)
Income after excluding Operating and Non-operating Expenses from Total Revenue
9.1%
9.1% —
EBIT
Another income metric but unlike Operating Income it is closer to the ultimate income metric - Net Income by removing expenses that are not related to earning Revenue as they are supposed to be accidental and transitory
Selected Year:
31-Dec
2020
2020
Interest Expense and Income, Taxes
Expenses driven mostly by company management's choices, nature of business (capital intensive vs not) about financing (debt vs equity) and legal structure
2.4%
0.2% —
Interest income
0.5% —
Interest expense bank fees and other
2.1% —
Income tax expense or benefit
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Interest expense and bank fees
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- | - | - | - | - | - | |||||
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Interest expense bank fees and other
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(20,000) | (22,000) | (21,000) | (21,000) | (21,000) | (20,000) | |||||
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Interest income
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3,000 | 12,000 | 23,000 | 10,000 | 10,000 | 4,000 | |||||
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Income before income taxes
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200,000 | 241,000 | 270,000 | 357,000 | 357,000 | 104,000 | |||||
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Income tax expense or benefit TEST - ODD
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22,000 | 49,000 | 58,000 | 85,000 | 85,000 | 16,000 |
Selected Year:
31-Dec
2020
2020
Net income (loss)
Ultimate measure of Income - Net result after excluding all expenses from Total Revenue
6.7%
6.7% —
Net income (loss)
It is a residue that is left from Total Revenue after paying all kind of expenses and belongs to all equity holders in the company. Some of these shareholders such Non-controlling interest or Preferred equity gets their share before Common shareholders
Basic Shares Outstanding
Basic shares outstanding as of certain dates reported by Company on its annual and quarterly filings, these numbers are NOT used calculation of basic EPS. They help to see share issuance by company in perspective
Selected Year:
31-Dec
2020
2020
EPS
Net Income / Shares Outstanding = EPS before dilution or Basic EPS; Net Income/ ( Shares Outstanding + potentially available shares from conversion of various option instruments)