v3.25.2

CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Millions	Jun. 30, 2025	Dec. 31, 2024
Assets
Cash and cash equivalents	$ 441	$ 1,039
Restricted cash	76	69
Marketable securities	15	16
Accounts receivable, net	843	829
Prepaid insurance and related assets	41	25
Income taxes receivable	11	0
Funds held for clients and other current assets	90	107
Total current assets	1,517	2,085
Property and equipment, net of accumulated depreciation	182	192
Right-of-use (“ROU”) leased assets	66	65
Prepaid health insurance	9	9
Deposits – health insurance	8	8
Deposits workers compensation	174	178
Goodwill and other intangible assets, net	13	13
Deferred income taxes, net	22	34
Other assets	27	13
Total assets	2,018	2,597
Current liabilities:
Accounts payable	6	10
Payroll taxes and other payroll deductions payable	366	901
Accrued worksite employee payroll cost	716	730
Accrued health insurance costs	57	19
Accrued workers’ compensation costs	79	71
Accrued corporate payroll and commissions	52	82
Income taxes payable	0	18
Client funds liability and other accrued liabilities	81	99
Total current liabilities	1,357	1,930
Noncurrent liabilities:
Accrued workers’ compensation costs, net of current	113	135
Long-term debt	369	369
Operating lease liabilities, net of current	67	66
Total noncurrent liabilities	549	570
Stockholders’ equity:
Common stock	1	1
Additional paid-in capital	228	222
Treasury stock, at cost	(853)	(864)
Retained earnings	736	738
Total stockholders’ equity	112	97
Total liabilities and stockholders’ equity	$ 2,018	$ 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