Trinet group, inc (TNET)
CashFlow / Quarterly
Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13
Operating activities
Net Income (Loss) Attributable to Parent

63,000

29,000

51,000

58,000

54,000

66,000

43,000

40,000

29,000

22,560

14,581

12,282

11,577

14,400

3,097

-1,308

15,811

7,011

725

6,221

1,540

6,007

-7,740

4,343

10,537

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization

18,000

10,000

12,000

14,000

10,000

9,000

10,000

8,000

8,000

11,190

9,891

9,173

8,746

10,964

14,092

13,291

14,653

16,649

28,684

17,042

22,028

17,525

30,170

12,965

13,178

Stock-based compensation

9,000

13,000

12,000

10,000

9,000

11,000

7,000

8,000

6,000

5,831

6,264

6,508

7,397

5,009

4,188

4,883

3,920

2,709

3,181

2,923

2,147

1,753

1,495

1,505

1,360

Excess tax benefits received from equity incentive plan activity

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,654

4,820

12,853

9,663

-3,029

1,276

1,753

1,329

12,405

1,769

107

Deferred Income Tax Expense (Benefit)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

16,662

24,904

864

1,412

2,854

-15,467

3,519

2,414

Accretion of workers' compensation and leases fair value adjustment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,059

-274

-348

-347

-183

-476

-384

-384

Changes in operating assets and liabilities:
Accounts receivable, net

-1,000

-

-

-

-13,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unbilled revenue, net

9,000

-

-

-

-11,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable and other current liabilities

9,000

-

-

-

-15,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Client deposits

-19,000

-

-

-

-26,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase (Decrease) in Accounts Payable, Trade

-

-

-

-

-

-

-

-

-

6,462

2,050

-3,623

6,111

-2,522

2,557

1,317

-1,352

386

1,421

1,327

2,078

-622

1,755

429

-586

Accounts payable and other current liabilities

-

-

-

-

-

-

2,000

3,000

2,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued wages

17,000

27,000

1,000

10,000

-15,000

25,000

-6,000

-3,000

10,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued health insurance costs, net

0

-

-

-

-1,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued workers' compensation costs, net

-2,000

-

-

-

-3,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payroll taxes payable and other payroll withholdings

-180,000

-

-

-

-534,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease liabilities

-4,000

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restricted cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

10,368

17,839

3,202

-

-

-

-

-

-

-

3,961

-

5,543

334

645

Prepaid income taxes

-

-

-

-

-

-

-14,000

-13,000

-15,000

-

-3,249

9,598

-6,735

3,574

-3,621

5,200

-29,153

-

-

-

-

-

-

-

-

Prepaid expenses

12,000

-

1,000

12,000

11,000

-

-2,000

5,000

-2,000

39,747

220

3,876

1,157

-4,201

-1,881

2,901

2,181

-510

3,939

2,549

1,411

-326

6,478

2,448

-877

Workers' compensation collateral receivable

-

-

-

-

-

-

12,000

-8,000

3,000

-

775

2,911

7,688

294

-8,377

-17,017

22,100

-6,362

-2,962

18,116

-3,379

-6,252

-4,038

1,131

-717

Other assets

30,000

-

-

-

24,000

-

-

-

0

-173,562

-200

-550

312

415

76

1,250

13,259

162

-3,295

-838

-4,033

-57

-2,121

-1,132

-742

Other liabilities

-3,000

-

-

-

-4,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3,211

Income tax payable/receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3,789

-

9,252

-551

3,613

Accrued corporate wages and other current liabilities

-

-

-

-

-

-

-

-

-

-

5,267

1,786

-2,505

-3,103

9,715

-401

-211

-3,572

12,074

-2,285

1,532

5,739

4,655

2,053

739

Workers' compensation loss reserves and other non-current liabilities

-

-

-

-

-

-

9,000

-13,000

8,000

-

7,718

10,587

15,205

-15,419

21,887

17,213

8,319

7,626

10,451

6,876

4,869

-

-

-

-

Worksite employee related assets

-

-

-

-

-

-

48,000

-39,000

-4,000

-

-100,026

-79,252

-346,563

506,010

28,887

-84,380

-712,517

938,089

32,768

479

-108,637

263,203

3,901

-19,808

56,969

Worksite employee related liabilities

-

-

-

-

-

-

42,000

-141,000

-242,000

-

-100,851

-79,055

-347,039

507,552

29,472

-83,454

-714,570

939,852

32,663

473

-110,057

266,800

-259

-19,168

63,440

Net cash (used in) provided by operating activities

-142,000

372,000

67,000

-7,000

-536,000

747,000

63,000

-43,000

-161,000

111,301

37,032

3,236

40,431

46,479

59,343

31,851

13,327

53,503

44,739

23,320

30,337

38,641

1,526

24,839

35,715

Investing activities
Purchases of marketable securities

-

-

-

-

-

-

-

-

-

14,700

0

0

300

250

4,750

0

0

-

-

-

-

-

-

-

-

Purchases of marketable securities

30,000

35,000

20,000

203,000

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale and maturity of marketable securities

31,000

-

-

-

14,000

-

-

-

4,000

2,210

792

23,498

1,500

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of restricted investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

14,989

0

0

-

0

15,789

1,000

-

-

-

-

Proceeds from maturity of debt securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

500

0

0

500

Purchase of debt securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

6,752

Acquisitions of property and equipment

12,000

10,000

7,000

14,000

12,000

9,000

9,000

9,000

11,000

12,058

11,228

9,907

6,807

4,253

4,398

6,496

3,853

3,470

8,373

3,645

5,064

4,376

1,661

2,429

2,224

Net cash used in investing activities

-11,000

-31,000

-3,000

-168,000

2,000

-9,000

-6,000

-2,000

-7,000

-9,589

-10,436

-1,368

-5,607

-4,789

-22,862

-6,496

-3,853

-11,556

-8,373

-19,434

-6,064

-5,644

-195,889

-2,429

-8,476

Financing activities
Repayment of notes payable and borrowings under capital leases

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,200

30,125

-

25,400

26,450

216,575

1,575

445,250

2,521

2,333

Payments of special dividend

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

46,660

310,870

24

28

Repayments under capital leases

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

180

-

75

122

66

158

162

252

206

Payments for Repurchase of Common Stock

38,000

14,000

17,000

22,000

8,000

5,000

9,000

2,000

28,000

28,253

27,288

16,459

0

-364

18,364

4,984

25,016

13,587

134

837

451

-5,804

5,704

3,374

2,689

Proceeds from issuance of common stock on exercised options

-

-

-

-

-

-

3,000

4,000

2,000

-

1,364

1,716

504

536

1,825

1,440

3,199

1,047

515

137

494

220

5,593

1,013

283

Proceeds from issuance of common stock

1,000

-

-

-

3,000

-

-

-

-

-

-

-

-

-

-

-

-

-776

-41

-246

218,859

-

-

-

-

Awards effectively repurchased for required employee withholding taxes

4,000

7,000

5,000

6,000

4,000

3,000

3,000

3,000

2,000

1,328

1,187

829

656

424

218

349

9

-

-

-

-

-

-

-

-

Repayment of debt

6,000

7,000

5,000

0

10,000

9,000

11,000

9,000

9,000

9,494

4,696

17,738

5,072

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefits received from equity incentive plan activity

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,654

4,820

12,853

9,663

-3,029

1,276

1,753

1,329

12,405

1,769

107

Net cash used in financing activities

-47,000

-23,000

-26,000

-17,000

-19,000

-12,000

-20,000

-8,000

-37,000

-35,002

-32,768

-31,006

-5,224

-21,903

-18,449

-1,370

-39,278

-5,505

-38,639

-26,242

4,014

-50,769

54,040

143,972

-4,866

Net (decrease) increase in cash and cash equivalents, unrestricted and restricted

-200,000

318,000

38,000

-192,000

-553,000

726,000

37,000

-53,000

-205,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Supplemental disclosures of cash flow information
Interest paid

4,000

4,000

5,000

4,000

4,000

4,000

4,000

4,000

4,000

3,349

3,560

4,008

4,083

3,622

3,572

3,934

3,872

6,389

2,255

14,314

9,093

11,977

11,753

2,492

4,312

Income taxes paid, net

1,000

16,000

9,000

24,000

0

2,000

0

1,000

-1,000

11,350

6,276

18,802

2,572

533

-38

5,862

-4,357

-14,778

-98

6,715

4,352

7,351

1,440

-522

-199

Supplemental schedule of noncash investing and financing activities
Special dividend payable on unvested restricted stock units

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

70

Payable for purchase of property and equipment

5,000

1,000

0

0

2,000

0

0

0

2,000

-363

-218

146

1,435

-68

-48

-918

1,034

464

-3,144

3,338

632

924

316

16

46

Effect of exchange rate changes on cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

66

-136

160

-

-130

27

-136

-53

-63

43

-42

-33

19

-28

-11

Net increase (decrease) in unrestricted cash and cash equivalents

-

-

-

-

-

-

30,000

18,000

32,000

-

-6,106

-29,274

29,760

20,026

17,902

24,012

-29,940

36,389

-2,336

-22,313

28,245

-17,805

-140,304

166,354

22,362

Net increase (decrease) in restricted cash and cash equivalents

-

-

-

-

-

-

-

-

-237,000

-

-

-

-

-

7,785

8,893

4,520

-

-

-

-

-

-

-

-

Allowance for tenant improvements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

791

-

-

-

-

-

-

-

-