NSP FY 2014 Earnings Report — Insperity, Inc. Revenue & Financial Results | Market Cap Arena

Insperity, Inc.NSP

FY 2014 Earnings

Reported February 10, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$2.4B	—	$2.3B	—	4.5%
Op. Income	$47M	—	$56M	—	-15.6%
Gross Margin	17.1%	—	17.4%	—	-0.3pp
Net Margin	1.2%	—	1.4%	—	-0.2pp
EPS (Diluted)	$0.53	—	$0.63	—	-15.9%
Free Cash Flow	$123M	—	$23M	—	430.6%

Revenue Flow

Item	Amount
REVENUE	$2.4B
Cost of Revenue	$2.0B
GROSS PROFIT	$404M
R&D Expenses	$4M
Selling & Marketing	$37M
General & Administrative	$294M
SG&A Expenses	$331M
Other Expenses	$47.0K
Operating Expenses	$353M
Cost & Expenses	$2.3B
OPERATING INCOME	$47M
Interest Income	$153.0K
Interest Expense	$0
Other Income/Expenses	$153.0K
INCOME BEFORE TAX	$48M
Income Tax Expense	$20M
Net Income from Continuing Ops	$28M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$28M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$26M
D&A	$21M
EBIT	$48M
EBITDA	$69M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$2.4B
Cost of Revenue	$2.0B
GROSS PROFIT	$404M
R&D Expenses	$4M
Selling & Marketing	$37M
General & Administrative	$294M
SG&A Expenses	$331M
Other Expenses	$47.0K
Operating Expenses	$353M
Cost & Expenses	$2.3B
OPERATING INCOME	$47M
Interest Income	$153.0K
Interest Expense	$0
Other Income/Expenses	$153.0K
INCOME BEFORE TAX	$48M
Income Tax Expense	$20M
Net Income from Continuing Ops	$28M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$28M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$26M
D&A	$21M
EBIT	$48M
EBITDA	$69M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$28M
Depreciation & Amortization	$21M
Stock-Based Compensation	$11M
Deferred Income Tax	-$2M
Other Non-Cash Items	$6M
Change in Working Capital	$77M
OPERATING CASH FLOW	$142M
Capital Expenditure	-$19M
Acquisitions (Net)	$0
Purchases of Investments	-$70M
Sales/Maturities of Investments	$85M
Other Investing Activities	$122.0K
NET CASH FROM INVESTING	-$3M
Net Debt Issuance	$0
Common Stock Repurchased	-$21M
Common Dividends Paid	-$69M
Other Financing Activities	$2M
NET CASH FROM FINANCING	-$88M
FREE CASH FLOW	$123M
Net Change in Cash	$51M

Balance Sheet

Item	Amount
Cash & Equivalents	$276M
Short-Term Investments	$29M
Net Receivables	$175M
Inventory	$72M
Other Current Assets	$62M
TOTAL CURRENT ASSETS	$570M
PP&E (Net)	$84M
Goodwill	$13M
Intangible Assets	$2M
Long-Term Investments	$120M
Tax Assets	$6M
Other Non-Current Assets	$2M
TOTAL NON-CURRENT ASSETS	$227M
TOTAL ASSETS	$797M
Account Payables	$5M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$217M
TOTAL CURRENT LIABILITIES	$496M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$4M
Other Non-Current Liabilities	$92M
TOTAL NON-CURRENT LIABILITIES	$96M
TOTAL LIABILITIES	$593M
Common Stock	$308.0K
Additional Paid-In Capital	$138M
Retained Earnings	$214M
Treasury Stock	-$148M
Accum. Other Comp. Income	$3.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$204M
Minority Interest	$0
TOTAL EQUITY	$204M
TOTAL LIABILITIES & EQUITY	$797M
Total Debt	$0
Net Debt	-$276M