v3.25.1

CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Millions	Mar. 31, 2025	Dec. 31, 2024
Assets
Cash and cash equivalents	$ 551	$ 1,039
Restricted cash	74	69
Marketable securities	17	16
Accounts receivable, net	834	829
Prepaid insurance and related assets	56	25
Income taxes receivable	8	0
Funds held for clients and other current assets	114	107
Total current assets	1,654	2,085
Property and equipment, net of accumulated depreciation	186	192
Right-of-use (“ROU”) leased assets	67	65
Prepaid health insurance	9	9
Deposits – health insurance	8	8
Deposits workers compensation	171	178
Goodwill and other intangible assets, net	13	13
Deferred income taxes, net	10	34
Other assets	25	13
Total assets	2,143	2,597
Current liabilities:
Accounts payable	8	10
Payroll taxes and other payroll deductions payable	457	901
Accrued worksite employee payroll cost	718	730
Accrued health insurance costs	68	19
Accrued workers’ compensation costs	76	71
Accrued corporate payroll and commissions	49	82
Income taxes payable	0	18
Client funds liability and other accrued liabilities	90	99
Total current liabilities	1,466	1,930
Noncurrent liabilities:
Accrued workers’ compensation costs, net of current	122	135
Long-term debt	369	369
Operating lease liabilities, net of current	67	66
Total noncurrent liabilities	558	570
Commitments and contingencies
Stockholders’ equity:
Common stock	1	1
Additional paid-in capital	209	222
Treasury stock, at cost	(855)	(864)
Retained earnings	764	738
Total stockholders’ equity	119	97
Total liabilities and stockholders’ equity	$ 2,143	$ 2,597

Carrying value as of the balance sheet date of obligations and payables pertaining to premiums or costs incurred of a health insurance nature. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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INSPERITY, INC. 10-Q