Trinet group, inc (TNET)
Balance Sheet / TTM
Dec'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13
Assets:
Current assets:
Cash and cash equivalents

213

251

228

237

202

330

336

263

233

216

184

160

166

195

166

146

128

104

134

97

100

122

94

Short-term Investments

68

56

54

38

29

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restricted cash, cash equivalents and investments

1,180

722

942

621

629

699

1,280

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts receivable, net

9

12

11

5

7

8

21

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unbilled revenue, net

285

314

304

306

268

286

297

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restricted cash and cash equivalents

-

-

-

-

-

-

-

15

14

14

15

14

14

14

14

14

14

14

14

14

15

15

15

Prepaid income taxes

-

-

-

-

-

-

-

0

14

27

42

6

7

0

4

21

20

10

26

32

12

8

3

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

Prepaid expenses, net

52

58

48

47

28

33

38

11

13

9

11

13

12

9

8

12

14

10

9

9

9

7

7

Other current assets

64

81

59

45

49

41

19

2

2

2

2

2

2

1

1

4

4

4

4

5

4

5

5

Worksite employee related assets

-

-

-

403

352

368

-

941

898

1,039

1,281

847

947

1,026

1,373

867

838

922

1,635

697

664

663

772

Prepaid expenses and other current assets

-

-

-

38

37

22

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total current assets

1,871

1,494

1,646

1,337

1,249

1,419

1,991

1,233

1,176

1,308

1,535

1,044

1,151

1,248

1,568

1,065

1,020

1,066

1,824

857

806

822

898

Noncurrent assets:
Restricted Cash and Investments, Noncurrent

212

184

187

181

179

182

162

160

150

127

131

122

112

103

101

104

82

73

69

62

43

41

36

Investments, noncurrent

125

133

135

130

133

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Workers' compensation collateral receivable

-

-

-

40

40

40

-

39

27

34

32

40

39

36

29

28

37

54

31

38

40

22

25

Property, Plant and Equipment, Net

85

82

79

78

79

74

70

68

66

63

59

53

47

41

37

36

36

33

32

32

30

26

25

Operating Lease, Right-of-Use Asset

55

59

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill and other intangible assets, net

-

-

-

311

312

314

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill

289

289

289

-

-

-

289

289

289

289

289

289

289

289

289

290

288

288

288

288

288

288

288

Other intangible assets, net

15

19

21

-

-

-

26

27

28

29

31

32

37

42

46

52

59

70

81

94

107

120

134

Deferred and other long term income taxes

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

21

21

21

-

7

1

1

1

Other assets

96

85

78

27

23

18

55

18

19

19

18

18

18

19

19

9

10

10

12

11

15

16

24

Total assets

2,748

2,345

2,435

2,104

2,015

2,047

2,593

1,836

1,758

1,872

2,095

1,600

1,696

1,781

2,092

1,609

1,557

1,620

2,340

1,393

1,333

1,340

1,434

Liabilities and stockholders' equity
Liabilities
Current liabilities:
Accounts payable and other current liabilities

31

55

45

43

39

46

59

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term debt

22

22

22

22

21

43

40

-

-

-

37

-

-

-

-

-

-

-

-

-

-

-

-

Client deposits

44

38

56

35

28

26

52

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable

-

-

-

-

-

-

-

28

26

22

23

18

16

20

12

14

12

11

12

11

13

8

7

Accrued wages

391

369

352

37

35

31

329

31

38

40

31

-

-

-

28

-

-

-

-

-

-

-

-

Accrued health insurance costs, net

167

135

135

144

138

150

151

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued workers' compensation costs, net

61

67

67

68

67

67

67

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payroll tax liabilities and other payroll withholdings

901

550

729

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating Lease, Liability, Current

17

16

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Worksite employee related liabilities:
Accrued wages

-

-

-

326

269

284

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payroll tax liabilities and other payroll withholdings

-

-

-

419

442

500

1,034

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Insurance premiums and other payables

9

16

19

17

22

25

25

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued corporate wages

-

-

-

-

-

-

-

-

-

-

-

29

25

24

-

34

26

27

29

31

23

19

26

Income taxes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

3

-

-

-

-

-

-

-

-

-

Notes and capital leases payable, net

-

-

-

-

-

-

-

36

36

36

-

36

25

35

32

20

20

20

20

20

6

6

6

Other current liabilities

-

-

-

-

-

-

-

14

13

14

12

11

11

12

11

10

10

10

10

12

9

16

9

Worksite employee related liabilities

-

-

-

1,009

966

1,052

-

934

893

1,034

1,276

842

943

1,022

1,369

862

832

915

1,630

690

658

657

767

Total current liabilities

1,643

1,268

1,425

1,111

1,061

1,172

1,757

1,046

1,008

1,148

1,379

938

1,021

1,117

1,455

1,011

969

1,051

1,703

840

735

729

833

Noncurrent liabilities:
Long-term debt, noncurrent

369

385

391

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Notes Payable, Noncurrent

-

-

-

396

402

370

383

394

404

413

422

431

447

454

460

484

489

494

524

529

569

595

812

Workers' Compensation Liability, Noncurrent

144

156

158

159

157

162

165

157

151

164

159

138

130

119

105

121

99

82

75

67

56

49

45

Deferred taxes

61

65

68

72

70

71

68

90

91

91

92

-

-

-

54

-

-

-

58

-

2

6

8

Operating Lease, Liability, Noncurrent

48

54

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other non-current liabilities

8

11

18

16

16

10

14

14

11

11

8

7

8

8

7

6

6

6

4

5

5

5

5

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

54

54

54

-

69

67

65

-

73

25

20

16

Total liabilities

2,273

1,939

2,060

1,754

1,706

1,785

2,387

1,705

1,667

1,830

2,060

1,571

1,663

1,754

2,084

1,623

1,564

1,635

2,366

1,442

1,369

1,386

1,705

Commitments and contingencies (see Note 6)

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

-

0

0

0

0

Total stockholders' equity
Preferred stock ($0.000025 par value per share; 20,000,000 shares authorized; no shares issued or outstanding at December 31, 2018 and 2017)

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Common stock and additional paid - in capital ($0.000025 par value per share; 750,000,000 shares authorized; 70,596,559 and 69,818,392 shares issued and outstanding at December 31, 2018 and 2017, respectively)

694

651

641

623

611

595

583

567

557

543

535

522

513

501

494

485

476

462

442

411

424

420

74

Retained Earnings (Accumulated Deficit)

-219

-245

-266

-273

-302

-332

-377

-435

-465

-500

-500

-493

-479

-474

-485

-499

-483

-477

-468

-460

-460

-466

-467

Accumulated other comprehensive loss

-

-

-

-

-

-1

-

-0

-0

-0

-

-0

-0

-0

-0

-0

-0

-0

-0

-0

-0

-0

-0

Stockholders' Equity Attributable to Parent

475

406

375

350

309

262

206

131

91

42

35

28

33

26

8

-14

-7

-15

-25

-48

-36

-46

-393

Total liabilities & stockholders' equity

2,748

2,345

2,435

2,104

2,015

2,047

2,593

1,836

1,758

1,872

2,095

1,600

1,696

1,781

2,092

1,609

1,557

1,620

2,340

1,393

1,333

1,340

1,434