NSP FY 2012 Earnings Report — Insperity, Inc. Revenue & Financial Results | Market Cap Arena

Insperity, Inc.NSP

FY 2012 Earnings

Reported February 11, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$2.2B	—	$2.0B	—	9.2%
Op. Income	$67M	—	$57M	—	17.8%
Gross Margin	17.7%	—	17.8%	—	-0.1pp
Net Margin	1.9%	—	1.5%	—	0.3pp
EPS (Diluted)	$0.78	—	$0.58	—	34.5%
Free Cash Flow	$73M	—	$42M	—	72.3%

Revenue Flow

Item	Amount
REVENUE	$2.2B
Cost of Revenue	$1.8B
GROSS PROFIT	$382M
R&D Expenses	$3M
Selling & Marketing	$36M
General & Administrative	$256M
SG&A Expenses	$292M
Other Expenses	$187.0K
Operating Expenses	$311M
Cost & Expenses	$2.1B
OPERATING INCOME	$67M
Interest Income	$609.0K
Interest Expense	$0
Other Income/Expenses	$796.0K
INCOME BEFORE TAX	$68M
Income Tax Expense	$28M
Net Income from Continuing Ops	$40M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$40M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$39M
D&A	$18M
EBIT	$72M
EBITDA	$87M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$2.2B
Cost of Revenue	$1.8B
GROSS PROFIT	$382M
R&D Expenses	$3M
Selling & Marketing	$36M
General & Administrative	$256M
SG&A Expenses	$292M
Other Expenses	$187.0K
Operating Expenses	$311M
Cost & Expenses	$2.1B
OPERATING INCOME	$67M
Interest Income	$609.0K
Interest Expense	$0
Other Income/Expenses	$796.0K
INCOME BEFORE TAX	$68M
Income Tax Expense	$28M
Net Income from Continuing Ops	$40M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$40M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$39M
D&A	$18M
EBIT	$72M
EBITDA	$87M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$40M
Depreciation & Amortization	$18M
Stock-Based Compensation	$10M
Deferred Income Tax	-$6M
Other Non-Cash Items	$6M
Change in Working Capital	$22M
OPERATING CASH FLOW	$91M
Capital Expenditure	-$18M
Acquisitions (Net)	-$2M
Purchases of Investments	-$33M
Sales/Maturities of Investments	$69M
Other Investing Activities	$2M
NET CASH FROM INVESTING	$18M
Net Debt Issuance	$0
Common Stock Repurchased	-$17M
Common Dividends Paid	-$43M
Other Financing Activities	$4M
NET CASH FROM FINANCING	-$55M
FREE CASH FLOW	$73M
Net Change in Cash	$53M

Balance Sheet

Item	Amount
Cash & Equivalents	$265M
Short-Term Investments	$17M
Net Receivables	$190M
Inventory	$70M
Other Current Assets	$64M
TOTAL CURRENT ASSETS	$551M
PP&E (Net)	$94M
Goodwill	$17M
Intangible Assets	$7M
Long-Term Investments	$69M
Tax Assets	$7M
Other Non-Current Assets	$5M
TOTAL NON-CURRENT ASSETS	$199M
TOTAL ASSETS	$750M
Account Payables	$4M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$12M
TOTAL CURRENT LIABILITIES	$436M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$9M
Other Non-Current Liabilities	$65M
TOTAL NON-CURRENT LIABILITIES	$74M
TOTAL LIABILITIES	$509M
Common Stock	$308.0K
Additional Paid-In Capital	$133M
Retained Earnings	$241M
Treasury Stock	-$134M
Accum. Other Comp. Income	$16.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$241M
Minority Interest	$0
TOTAL EQUITY	$241M
TOTAL LIABILITIES & EQUITY	$750M
Total Debt	$0
Net Debt	-$265M