NSP FY 2008 Earnings Report — Insperity, Inc. Revenue & Financial Results | Market Cap Arena

Insperity, Inc.NSP

FY 2008 Earnings

Reported February 9, 2009

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2008	Prior Q	FY 2007	QoQ Change	YoY Change
Revenue	$1.7B	—	$1.6B	—	9.8%
Op. Income	$65M	—	$62M	—	4.4%
Gross Margin	19.9%	—	19.5%	—	0.4pp
Net Margin	2.7%	—	3.0%	—	-0.4pp
EPS (Diluted)	$0.90	—	$0.87	—	3.4%
Free Cash Flow	$91M	—	$62M	—	46.6%

Revenue Flow

Item	Amount
REVENUE	$1.7B
Cost of Revenue	$1.4B
GROSS PROFIT	$344M
R&D Expenses	$0
Selling & Marketing	$18M
General & Administrative	$246M
SG&A Expenses	$263M
Other Expenses	$16M
Operating Expenses	$279M
Cost & Expenses	$1.7B
OPERATING INCOME	$65M
Interest Income	$7M
Interest Expense	$0
Other Income/Expenses	$7M
INCOME BEFORE TAX	$72M
Income Tax Expense	$26M
Net Income from Continuing Ops	$46M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$46M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$46M
D&A	$16M
EBIT	$65M
EBITDA	$81M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.7B
Cost of Revenue	$1.4B
GROSS PROFIT	$344M
R&D Expenses	$0
Selling & Marketing	$18M
General & Administrative	$246M
SG&A Expenses	$263M
Other Expenses	$16M
Operating Expenses	$279M
Cost & Expenses	$1.7B
OPERATING INCOME	$65M
Interest Income	$7M
Interest Expense	$0
Other Income/Expenses	$7M
INCOME BEFORE TAX	$72M
Income Tax Expense	$26M
Net Income from Continuing Ops	$46M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$46M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$46M
D&A	$16M
EBIT	$65M
EBITDA	$81M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$46M
Depreciation & Amortization	$16M
Stock-Based Compensation	$10M
Deferred Income Tax	$5M
Other Non-Cash Items	$10M
Change in Working Capital	$41M
OPERATING CASH FLOW	$118M
Capital Expenditure	-$27M
Acquisitions (Net)	-$4M
Purchases of Investments	$4M
Sales/Maturities of Investments	$4M
Other Investing Activities	$67M
NET CASH FROM INVESTING	$44M
Net Debt Issuance	-$629.0K
Common Stock Repurchased	-$38M
Common Dividends Paid	-$12M
Other Financing Activities	$2M
NET CASH FROM FINANCING	-$46M
FREE CASH FLOW	$91M
Net Change in Cash	$116M

Balance Sheet

Item	Amount
Cash & Equivalents	$252M
Short-Term Investments	$225.0K
Net Receivables	$125M
Inventory	$65M
Other Current Assets	$7M
TOTAL CURRENT ASSETS	$450M
PP&E (Net)	$89M
Goodwill	$9M
Intangible Assets	$0
Long-Term Investments	-$2M
Tax Assets	$2M
Other Non-Current Assets	$69M
TOTAL NON-CURRENT ASSETS	$167M
TOTAL ASSETS	$617M
Account Payables	$3M
Short-Term Debt	$537.0K
Deferred Revenue	$210M
Other Current Liabilities	$24M
TOTAL CURRENT LIABILITIES	$351M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$11M
Other Non-Current Liabilities	$47M
TOTAL NON-CURRENT LIABILITIES	$57M
TOTAL LIABILITIES	$408M
Common Stock	$309.0K
Additional Paid-In Capital	$139M
Retained Earnings	$217M
Treasury Stock	-$148M
Accum. Other Comp. Income	-$134M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$208M
Minority Interest	$0
TOTAL EQUITY	$208M
TOTAL LIABILITIES & EQUITY	$617M
Total Debt	$537.0K
Net Debt	-$252M