TRINET GROUP, INC TNET Cash Flow

Trinet group, inc (TNET)

CashFlow / TTM

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
Operating activities
Net Income (Loss) Attributable to Parent
201,000	192,000	229,000	221,000	203,000	178,000	134,560	106,141	78,423	61,000	52,840	41,356	27,766	32,000	24,611	22,239	29,768	15,497	14,493	6,028	4,150	13,147	0	0	0
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
54,000	46,000	45,000	43,000	37,000	35,000	37,190	37,081	38,254	39,000	38,774	42,975	47,093	53,000	58,685	73,277	77,028	84,403	85,279	86,765	82,688	73,838	0	0	0
Stock-based compensation
44,000	44,000	42,000	37,000	35,000	32,000	26,831	26,095	24,603	26,000	25,178	23,102	21,477	18,000	15,700	14,693	12,733	10,960	10,004	8,318	6,900	6,113	0	0	0
Excess tax benefits received from equity incentive plan activity
-	-	-	-	-	-	-	-	-	-	-	-	-	-	29,990	24,307	20,763	9,663	1,329	16,763	17,256	15,610	0	0	0
Deferred Income Tax Expense (Benefit)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	43,842	30,034	-10,337	-7,682	-6,680	0	0	0
Accretion of workers' compensation and leases fair value adjustment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,090	-1,152	-1,354	-1,390	-1,427	0	0	0
Changes in operating assets and liabilities:
Accounts receivable, net
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unbilled revenue, net
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable and other current liabilities
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Client deposits
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase (Decrease) in Accounts Payable, Trade
-	-	-	-	-	-	-	-	-	11,000	2,016	2,523	7,463	0	2,908	1,772	1,782	5,212	4,204	4,538	3,640	976	0	0	0
Accounts payable and other current liabilities
-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued wages
55,000	23,000	21,000	14,000	1,000	26,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued health insurance costs, net
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued workers' compensation costs, net
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payroll taxes payable and other payroll withholdings
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating lease liabilities
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restricted cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	0	-	0	0	0
Prepaid income taxes
-	-	-	-	-	-	0	0	29,735	-	3,188	2,816	-1,582	-24,000	0	0	0	-	-	-	-	-	-	-	-
Prepaid expenses
10,000	-	0	0	-15,000	-	40,747	42,967	41,843	45,000	1,052	-1,049	-2,024	-1,000	2,691	8,511	8,159	7,389	7,573	10,112	10,011	7,723	0	0	0
Workers' compensation collateral receivable
-	-	-	-	-	-	0	0	-1,688	-	11,668	2,516	-17,412	-3,000	-9,656	-4,241	30,892	5,413	5,523	4,447	-12,538	-9,876	0	0	0
Other assets
0	-	-	-	0	-	-	-	-174,312	-174,000	-23	253	2,053	15,000	14,747	11,376	9,288	-8,004	-8,223	-7,049	-7,343	-4,052	0	0	0
Other liabilities
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Income tax payable/receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0
Accrued corporate wages and other current liabilities
-	-	-	-	-	-	-	-	-	-	1,445	5,893	3,706	6,000	5,531	7,890	6,006	7,749	17,060	9,641	13,979	13,186	0	0	0
Workers' compensation loss reserves and other non-current liabilities
-	-	-	-	-	-	0	0	47,795	-	18,091	32,260	38,886	32,000	55,045	43,609	33,272	29,822	0	0	0	-	-	-	-
Worksite employee related assets
-	-	-	-	-	-	0	0	250,563	-	-19,831	109,082	103,954	-262,000	170,079	173,960	258,819	862,699	187,813	158,946	138,659	304,265	0	0	0
Worksite employee related liabilities
-	-	-	-	-	-	0	0	11,039	-	-19,393	110,930	106,531	-261,000	171,300	174,491	258,418	862,931	189,879	156,957	137,316	310,813	0	0	0
Net cash (used in) provided by operating activities
290,000	-104,000	271,000	267,000	231,000	606,000	-29,699	-55,667	-9,431	192,000	127,178	149,489	178,104	151,000	158,024	143,420	134,889	151,899	137,037	93,824	95,343	100,721	0	0	0
Investing activities
Purchases of marketable securities
-	-	-	-	-	-	-	-	-	15,000	550	5,300	5,300	5,000	0	0	0	-	-	-	-	-	-	-	-
Purchases of marketable securities
288,000	258,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale and maturity of marketable securities
0	-	-	-	0	-	-	-	30,500	28,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of restricted investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-
Proceeds from maturity of debt securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,000	0	0	0
Purchase of debt securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Acquisitions of property and equipment
43,000	43,000	42,000	44,000	39,000	38,000	41,058	43,286	44,193	40,000	32,195	25,365	21,954	19,000	18,217	22,192	19,341	20,552	21,458	14,746	13,530	10,690	0	0	0
Net cash used in investing activities
-213,000	-200,000	-178,000	-181,000	-15,000	-24,000	-24,589	-29,025	-28,393	-27,000	-22,200	-34,626	-39,754	-38,000	-44,767	-30,278	-43,216	-45,427	-39,515	-227,031	-210,026	-212,438	0	0	0
Financing activities
Repayment of notes payable and borrowings under capital leases
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	270,000	689,850	665,921	451,679	0	0	0
Payments of special dividend
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	357,582	0	0	0
Repayments under capital leases
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	421	508	638	778	0	0	0
Payments for Repurchase of Common Stock
91,000	61,000	52,000	44,000	24,000	44,000	67,253	85,541	100,000	72,000	43,383	34,459	22,984	48,000	61,951	43,721	39,574	15,009	-4,382	1,188	3,725	5,963	0	0	0
Proceeds from issuance of common stock on exercised options
-	-	-	-	-	-	0	0	6,496	-	4,120	4,581	4,305	7,000	7,511	6,201	4,898	2,193	1,366	6,444	7,320	7,109	0	0	0
Proceeds from issuance of common stock
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	217,796	0	0	0	-	-	-	-
Awards effectively repurchased for required employee withholding taxes
22,000	22,000	18,000	16,000	13,000	11,000	9,328	7,515	5,344	4,000	3,096	2,127	1,647	1,000	0	0	0	-	-	-	-	-	-	-	-
Repayment of debt
18,000	22,000	24,000	30,000	39,000	38,000	38,494	32,190	40,928	37,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefits received from equity incentive plan activity
-	-	-	-	-	-	-	-	-	-	-	-	-	-	29,990	24,307	20,763	9,663	1,329	16,763	17,256	15,610	0	0	0
Net cash used in financing activities
-113,000	-85,000	-74,000	-68,000	-59,000	-77,000	-100,002	-112,770	-135,776	-104,000	-90,901	-76,582	-46,946	-81,000	-64,602	-84,792	-109,664	-66,372	-111,636	-18,957	151,257	142,377	0	0	0
Net (decrease) increase in cash and cash equivalents, unrestricted and restricted
-36,000	-389,000	19,000	18,000	157,000	505,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Supplemental disclosures of cash flow information
Interest paid
17,000	17,000	17,000	16,000	16,000	16,000	15,349	14,909	14,917	15,000	15,273	15,285	15,211	15,000	17,767	16,450	26,830	32,051	37,639	47,137	35,315	30,534	0	0	0
Income taxes paid, net
50,000	49,000	35,000	26,000	3,000	2,000	11,350	17,626	35,428	39,000	28,183	21,869	8,929	2,000	-13,311	-13,371	-12,518	-3,809	18,320	19,858	12,621	8,070	0	0	0
Supplemental schedule of noncash investing and financing activities
Special dividend payable on unvested restricted stock units
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Payable for purchase of property and equipment
6,000	3,000	2,000	2,000	2,000	2,000	1,637	1,419	1,565	1,000	1,295	1,465	401	0	532	-2,564	1,692	1,290	1,750	5,210	1,888	1,302	0	0	0
Effect of exchange rate changes on cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	0	0	-25	-	-292	-225	-209	-115	-95	-13	-84	-53	0	0	0
Net increase (decrease) in unrestricted cash and cash equivalents
-	-	-	-	-	-	0	0	20,240	-	14,406	38,414	91,700	32,000	48,363	28,125	-18,200	39,985	-14,209	-152,177	36,490	30,607	0	0	0
Net increase (decrease) in restricted cash and cash equivalents
-	-	-	-	-	-	-	-	0	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-
Allowance for tenant improvements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-