NSP FY 2019 Earnings Report — Insperity, Inc. Revenue & Financial Results | Market Cap Arena

Insperity, Inc.NSP

FY 2019 Earnings

Reported February 11, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$4.3B	—	$3.8B	—	12.7%
Op. Income	$187M	—	$179M	—	4.2%
Gross Margin	17.0%	—	17.8%	—	-0.8pp
Net Margin	3.5%	—	3.5%	—	-0.0pp
EPS (Diluted)	$3.74	—	$3.27	—	14.4%
Free Cash Flow	$149M	—	$149M	—	-0.2%

Revenue Flow

Item	Amount
REVENUE	$4.3B
Cost of Revenue	$3.6B
GROSS PROFIT	$733M
R&D Expenses	$8M
Selling & Marketing	$53M
General & Administrative	$465M
SG&A Expenses	$518M
Other Expenses	$21M
Operating Expenses	$546M
Cost & Expenses	$4.1B
OPERATING INCOME	$187M
Interest Income	$11M
Interest Expense	$8M
Other Income/Expenses	$3M
INCOME BEFORE TAX	$190M
Income Tax Expense	$39M
Net Income from Continuing Ops	$151M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$151M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$149M
D&A	$29M
EBIT	$197M
EBITDA	$226M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$4.3B
Cost of Revenue	$3.6B
GROSS PROFIT	$733M
R&D Expenses	$8M
Selling & Marketing	$53M
General & Administrative	$465M
SG&A Expenses	$518M
Other Expenses	$21M
Operating Expenses	$546M
Cost & Expenses	$4.1B
OPERATING INCOME	$187M
Interest Income	$11M
Interest Expense	$8M
Other Income/Expenses	$3M
INCOME BEFORE TAX	$190M
Income Tax Expense	$39M
Net Income from Continuing Ops	$151M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$151M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$149M
D&A	$29M
EBIT	$197M
EBITDA	$226M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$151M
Depreciation & Amortization	$29M
Stock-Based Compensation	$24M
Deferred Income Tax	$5M
Other Non-Cash Items	-$486.0K
Change in Working Capital	-$3M
OPERATING CASH FLOW	$205M
Capital Expenditure	-$56M
Acquisitions (Net)	$21.0K
Purchases of Investments	-$110M
Sales/Maturities of Investments	$137M
Other Investing Activities	$0
NET CASH FROM INVESTING	-$30M
Net Debt Issuance	$125M
Common Stock Repurchased	-$203M
Common Dividends Paid	-$49M
Other Financing Activities	$8M
NET CASH FROM FINANCING	-$118M
FREE CASH FLOW	$149M
Net Change in Cash	$57M

Balance Sheet

Item	Amount
Cash & Equivalents	$367M
Short-Term Investments	$35M
Net Receivables	$469M
Inventory	$60M
Other Current Assets	$33M
TOTAL CURRENT ASSETS	$975M
PP&E (Net)	$205M
Goodwill	$13M
Intangible Assets	$14.0K
Long-Term Investments	$193M
Tax Assets	$4M
Other Non-Current Assets	$6M
TOTAL NON-CURRENT ASSETS	$420M
TOTAL ASSETS	$1.4B
Account Payables	$5M
Short-Term Debt	$0
Deferred Revenue	-$15M
Other Current Liabilities	$68M
TOTAL CURRENT LIABILITIES	$869M
Long-Term Debt	$269M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$194M
TOTAL NON-CURRENT LIABILITIES	$522M
TOTAL LIABILITIES	$1.4B
Common Stock	$555.0K
Additional Paid-In Capital	$48M
Retained Earnings	$499M
Treasury Stock	-$544M
Accum. Other Comp. Income	$12.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$4M
Minority Interest	$0
TOTAL EQUITY	$4M
TOTAL LIABILITIES & EQUITY	$1.4B
Total Debt	$328M
Net Debt	-$39M