← TRINET GROUP, INC.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income (Loss) Attributable to Parent $61.4m $178.0m $192.0m $212.0m $272.0m $338.0m $355.0m $375.0m $173.0m $155.0m
Net Income (Loss) Available to Common Stockholders, Basic $61.4m $178.0m $192.0m $212.0m $272.0m $338.0m $355.0m $375.0m $173.0m $155.0m
Depreciation and amortization $39.2m $35.0m $46.0m $57.0m $67.0m $82.0m $101.0m $72.0m $75.0m $66.0m
Amortization of Intangible Assets $16.0m $5.0m $5.0m $5.0m $5.0m $5.0m $54.0m $63.0m $68.0m $61.0m
Capitalized Computer Software, Amortization — — — $29.0m $31.0m $33.0m $35.0m $42.0m $48.0m $52.0m
Depreciation $19.4m $28.0m $35.0m $41.0m $42.0m $42.0m $10.0m $9.0m $7.0m $5.0m
Deferred Income Tax Expense (Benefit) $41.8m ($25.0m) $1.0m ($7.0m) ($42.0m) ($12.0m) ($21.0m) $4.0m ($1.0m) $44.0m
Share-based Payment Arrangement, Noncash Expense $26.5m $32.0m $44.0m $41.0m $43.0m $50.0m $62.0m $59.0m $65.0m $65.0m
Payment, Tax Withholding, Share-based Payment Arrangement — — — $25.0m $18.0m $26.0m $24.0m $30.0m $28.0m $16.0m
Share-based Payment Arrangement, Expense $26.5m $32.0m $44.0m $41.0m $43.0m $50.0m $62.0m $59.0m $65.0m $65.0m
Goodwill and Intangible Asset Impairment — — $0 — — — — — $25.0m —
Goodwill, Impairment Loss $0 $0 $0 $0 $0 $0 $0 $0 $1.0m $0
Impairment of Intangible Assets (Excluding Goodwill) $0 $0 — — — — — — — —
Impairment of Intangible Assets, Finite-lived — — — $0 $0 $7.0m $0 $0 ($24.0m) $0
Operating Lease, Impairment Loss — — — — — — $20.0m $6.0m $5.0m —
Gain (Loss) on Disposition of Assets — — — — — — ($6.0m) ($1.0m) $0 —
Income Tax Expense (Benefit) $43.0m $22.0m $49.0m $58.0m $85.0m $103.0m $127.0m $126.0m $53.0m $62.0m
Other Nonoperating Income (Expense) $751k $3.0m — — — — — — — —
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable — — ($10.0m) ($5.0m) $7.0m ($3.0m) $0 $2.0m $2.0m $0
Debt Securities, Available-for-sale, Realized Gain (Loss) — — $54.0m $76.0m — — — — — —
Debt Securities, Realized Gain (Loss) — — $101.0m $159.0m $224.0m — — — — —
Gain (Loss) on Investments — — — — — — ($18.0m) ($1.0m) $1.0m —
General and Administrative Expense $91.7m $114.0m $142.0m $137.0m $152.0m $176.0m $241.0m $211.0m $232.0m $207.0m
Goodwill $289.2m $289.0m $289.0m $289.0m $294.0m $294.0m $462.0m $462.0m $461.0m $461.0m
Insurance Services Revenue $2.6b $2.8b — — — — — — — —
Liability for Unpaid Claims and Claims Adjustment Expense, Incurred Claims $141.2m $92.0m $52.0m $41.0m $44.0m $43.0m $36.0m $30.0m $28.0m $40.0m
Proceeds from Stock Options Exercised $5.3m $11.0m — — — — — — — —
Restructuring Costs — — — — — — — — $49.0m $11.0m
Net Cash Provided by (Used in) Operating Activities $144.5m $253.0m ($104.0m) $471.0m $546.0m $218.0m $562.0m $545.0m $279.0m $303.0m
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $39.6m $38.0m $43.0m $45.0m $36.0m $40.0m $56.0m $75.0m $78.0m $69.0m
Payments to Acquire Businesses, Net of Cash Acquired $300k $0 $258.0m — — — $229.0m $0 $0 —
Payments for (Proceeds from) Other Investing Activities — — — — $12.0m $0 — — — —
Net Cash Provided by (Used in) Investing Activities ($27.1m) ($24.0m) ($200.0m) ($188.0m) ($151.0m) ($135.0m) ($226.0m) ($70.0m) $153.0m ($43.0m)
Cash flows from financing activities:
Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale — — — — — $187.0m $253.0m $137.0m $135.0m $7.0m
Repayments of Long-term Debt $37.1m $38.0m $22.0m $22.0m $22.0m $370.0m $0 $0 — —
Proceeds from Issuance of Common Stock $0 $16.0m $14.0m $11.0m $10.0m $11.0m $11.0m $15.0m $12.0m $11.0m
Payments for Repurchase of Common Stock $71.6m $44.0m $61.0m $140.0m $178.0m $94.0m $523.0m $1.1b $183.0m $183.0m
Payments of Ordinary Dividends, Common Stock — — — — — — — — $37.0m $52.0m
Dividends Payable — — — — — — — — $12.0m $13.0m
Net Cash Provided by (Used in) Financing Activities ($99.4m) ($77.0m) ($85.0m) ($176.0m) ($208.0m) $12.0m ($536.0m) ($546.0m) ($207.0m) ($49.0m)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents ($213k) — — — $0 $0 ($1.0m) $0 $0 $0
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect ($213k) — ($389.0m) $107.0m $187.0m $95.0m ($201.0m) ($71.0m) $225.0m $211.0m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $61.0m $505.0m $1.3b $1.5b $1.6b $1.7b $1.5b $1.5b $1.7b $1.9b
Restricted Cash and Investments, Current $132.1m $170.0m $942.0m $1.2b $1.4b $1.2b $1.3b $1.3b $1.4b $1.7b
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities $15.4m $16.0m $17.0m $19.0m $16.0m $12.0m $18.0m $25.0m $59.0m $52.0m
Income Taxes Paid, Net $39.3m $2.0m $49.0m $62.0m $123.0m $129.0m $128.0m $114.0m $76.0m $27.0m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.