INSPERITY, INC. NSP Income Statement

Insperity, inc. (NSP)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
Revenue from Contract with Customer, Excluding Assessed Tax
1,229,483	1,075,090	1,043,388	1,043,316	1,153,010	966,756	925,126	922,295	1,014,372	826,494	795,513	795,552	882,664	729,069	702,538	707,332	802,408	650,011	626,286	627,838	699,479	595,865	560,303	564,621	636,999	557,133	539,869	547,274	611,836	532,438	511,953	519,256	595,177	495,114	471,821	472,903	536,381	435,526	414,146	412,418	457,662	390,908	404,312
Payroll taxes, benefits and workers’ compensation costs
995,461	913,154	872,842	869,581	926,293	805,165	759,072	767,751	814,652	683,628	655,547	664,999	723,318	618,530	584,742	594,073	652,392	552,966	519,543	523,619	569,619	494,506	459,486	469,168	530,823	467,155	442,460	449,528	503,718	438,935	413,533	431,962	492,173	405,168	384,792	389,062	445,422	1,717,760	-340,460	-341,061	384,977	-319,807	-332,345
Gross profit
234,022	161,936	170,546	173,735	226,717	161,591	166,054	154,544	199,720	142,866	139,966	130,553	159,346	110,539	117,796	113,259	150,016	97,045	106,743	104,219	129,860	101,359	100,817	95,453	106,176	89,978	97,409	97,746	108,118	93,503	98,420	87,294	103,004	89,946	87,029	83,841	90,959	80,808	73,686	71,357	72,685	71,101	71,967
Salaries, wages and payroll taxes
86,501	79,784	79,264	74,696	83,380	74,541	70,552	68,748	87,186	70,393	65,223	61,458	62,457	58,679	56,897	55,998	58,015	52,749	51,329	50,234	56,748	51,873	49,384	47,829	51,032	43,747	43,797	45,689	48,211	41,405	44,032	40,047	43,323	37,675	39,494	38,467	39,597	38,343	34,866	34,505	39,187	34,644	35,644
Stock-based compensation
6,552	3,187	6,517	8,256	6,040	5,744	5,769	5,752	3,135	7,910	6,584	5,303	4,503	4,116	4,191	4,761	3,575	3,171	3,710	4,041	2,423	2,707	2,701	3,245	2,400	2,752	2,749	3,292	2,310	2,429	2,429	2,801	2,155	2,146	2,109	2,556	1,790	1,978	1,970	2,410	1,768	2,184	2,911
Commissions
8,460	8,693	8,034	7,741	6,952	9,094	6,818	6,979	6,066	6,958	5,675	5,664	4,476	5,642	5,030	4,335	4,281	5,556	4,516	4,103	4,304	4,532	3,790	3,717	3,246	4,232	3,609	3,533	3,207	4,216	3,358	3,506	3,435	3,701	3,399	3,255	3,096	3,387	2,889	2,818	2,787	2,807	2,896
Advertising
4,833	4,129	4,895	7,548	5,031	4,558	3,846	6,585	3,565	3,063	3,476	6,175	3,972	3,148	3,540	6,712	3,047	2,724	3,193	6,883	3,180	1,902	4,885	8,356	4,941	2,265	4,273	9,720	5,250	4,585	3,680	8,566	4,755	8,333	5,235	7,539	5,506	5,267	2,605	4,698	3,877	2,632	3,439
General and administrative expenses
34,853	30,637	29,773	29,866	33,162	28,503	25,294	27,419	29,852	25,958	24,513	24,610	26,192	20,337	21,318	21,254	23,784	19,256	19,572	20,838	24,593	20,574	20,295	21,116	22,732	21,394	20,567	20,039	21,986	15,870	21,122	18,494	22,078	17,517	18,912	17,023	21,893	15,540	15,546	14,634	17,494	15,111	14,228
Impairment charges and other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-620	0	1,300	9,800	1,202	0	2,485	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation, Depletion and Amortization, Nonproduction
7,602	7,794	7,330	6,908	6,691	6,507	5,642	5,480	5,213	4,827	4,696	4,405	4,254	4,150	4,047	4,176	4,271	4,203	4,487	4,590	5,285	5,560	5,302	5,291	5,234	5,372	5,302	5,245	5,145	4,914	4,659	4,465	4,212	3,883	3,786	3,601	3,948	3,641	3,732	3,723	3,811	4,160	4,244
Total operating expenses
148,801	134,217	135,813	135,015	141,256	128,972	117,921	120,963	135,017	119,154	110,167	107,615	105,854	96,072	95,023	97,236	96,973	87,019	86,807	92,002	106,340	88,350	86,357	92,039	89,585	83,104	80,297	87,518	86,109	77,610	79,280	77,879	79,958	73,255	72,935	72,441	75,830	68,156	61,608	62,788	68,924	61,538	63,362
Operating income
85,221	27,719	34,733	38,720	85,461	32,619	48,133	33,581	64,703	23,712	29,799	22,938	53,492	14,467	22,773	16,023	53,043	10,026	19,936	12,217	23,520	13,009	14,460	3,414	16,591	6,874	17,112	10,228	22,009	15,893	19,140	9,415	23,046	16,691	14,094	11,400	15,129	12,652	12,078	8,569	3,761	9,563	8,605
Other income (expense):
Interest income
1,879	2,036	2,574	2,802	3,245	2,701	2,028	1,807	1,456	1,255	1,015	678	465	340	335	293	299	43	145	84	107	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	255	203	478	358
Interest expense
2,362	2,205	2,122	1,639	1,681	1,316	1,174	1,108	1,070	893	894	803	623	481	628	650	637	109	126	124	100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9	24	47	3	26	60	69	147	142	156	164	140	245	304	280	-	286	-	-	-	-
Other, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	34	12	-26	19	-1	-2,676	9	46	-3	20	124	-11	-7,501	0	4	-	0	-	-	-	-
Other income (expense)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-7,256	304	-	-	-	-	-	-	-
Income before income tax expense
84,738	27,550	35,185	39,883	87,025	34,004	48,987	34,280	65,089	24,074	29,920	22,813	53,334	14,326	22,480	15,666	52,705	9,960	19,955	12,177	23,527	13,062	14,503	3,450	16,612	6,896	17,137	7,612	22,087	16,086	19,279	9,591	23,334	16,820	6,838	11,704	15,413	12,869	12,364	8,824	3,964	10,041	8,963
Income tax expense
22,646	7,155	9,326	11,327	10,736	9,349	12,780	9,720	15,098	8,520	10,718	8,795	17,706	4,806	8,415	5,953	20,012	3,621	8,005	4,863	9,740	4,898	6,118	1,559	7,048	1,607	7,055	4,124	8,914	6,641	7,827	3,970	9,450	5,976	2,739	4,963	6,627	5,080	5,130	3,706	1,665	4,209	3,578
Net Income (Loss) Attributable to Parent
62,092	20,395	25,859	28,556	76,289	24,655	36,207	24,560	49,991	15,554	19,202	14,018	35,628	9,520	14,065	9,713	32,693	6,339	11,950	7,314	13,787	8,164	8,385	1,891	9,564	5,289	10,082	3,488	13,173	9,445	11,452	5,621	13,884	10,844	4,099	6,741	8,786	7,789	7,234	5,118	2,299	5,832	5,385
Participating Securities, Distributed and Undistributed Earnings (Loss), Diluted
462	135	284	309	1,031	441	503	346	585	151	337	248	781	273	330	229	664	144	303	179	355	1,338	243	139	282	120	289	124	383	326	334	162	402	325	120	199	264	326	214	51	66	-	-
Net Income (Loss) Available to Common Stockholders, Basic
61,630	20,260	25,575	28,247	75,258	24,214	35,704	24,214	49,406	15,403	18,865	13,770	34,847	9,247	13,735	9,484	32,029	6,195	11,647	7,135	13,432	6,826	8,142	1,752	9,282	5,169	9,793	3,364	12,790	9,119	11,118	5,459	13,482	10,519	3,979	6,542	8,522	7,463	7,020	5,067	2,233	-	-
Basic net income per share of common stock (in dollars per share)
1.59	0.53	0.64	0.69	1.86	0.59	0.86	0.59	1.20	0.38	0.46	0.33	0.85	-1.09	0.66	0.45	1.53	-0.52	0.48	0.29	0.54	0.28	0.33	0.07	0.37	0.21	0.39	0.14	0.51	0.36	0.45	0.22	0.54	0.42	0.16	0.25	0.33	0.29	0.28	0.20	0.09	0.23	0.22
Diluted net income per share of common stock (in dollars per share)
1.58	0.53	0.63	0.69	1.85	0.60	0.86	0.58	1.18	0.37	0.46	0.33	0.85	-1.10	0.66	0.45	1.53	-0.52	0.48	0.29	0.54	0.28	0.33	0.07	0.37	0.21	0.39	0.14	0.51	0.35	0.45	0.22	0.54	0.42	0.16	0.25	0.33	0.29	0.28	0.20	0.09	0.23	0.22
Revenue Composition [Abstract]
Gross billings
7,436,754	7,407,461	6,555,865	6,377,014	6,871,670	6,546,254	5,810,779	5,550,342	5,923,356	-	4,898,333	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Worksite employee payroll cost
6,207,271	6,332,371	5,512,477	5,333,698	5,718,660	5,579,498	4,885,653	4,628,047	4,908,984	-	4,102,820	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Revenue from Contract with Customer, Excluding Assessed Tax
1,229,483	1,075,090	1,043,388	1,043,316	1,153,010	966,756	925,126	922,295	1,014,372	-	795,513	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-