Cash flow TriNet Group, Inc.

Equities

TNET

US8962881079

Employment Services

Market Closed - Nyse Other stock markets 04:00:02 2025-06-24 pm EDT			5-day change	1st Jan Change
75.13 ^USD	+0.85%		-1.80%	-17.23%

May. 08	Trinet Launches Innovative HR Product Solutions to Help SMBs Navigate Everchanging Business Environment	CI
Apr. 25	TriNet Group's Q1 Adjusted Earnings Fall, Revenue Rises; Reiterates 2025 Adjusted Earnings Guidance	MT

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Published financial data: TRINET GROUP, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	4.03B	4.54B	4.88B	4.92B	4.99B
Total Revenues	4.03B	4.54B	4.88B	4.92B	4.99B
Cost of Goods Sold, Total	3.24B	3.6B	3.77B	3.82B	4.1B
Gross Profit	793M	937M	1.12B	1.1B	888M
Selling General & Admin Expenses, Total	338M	378M	446M	479M	497M
R&D Expenses	40M	50M	73M	65M	68M
Depreciation & Amortization - (IS)	47M	47M	64M	72M	75M
Amortization of Goodwill and Intangible Assets - (IS)	-	-	-	-	-
Other Operating Expenses, Total	425M	475M	583M	616M	640M
Operating Income	368M	462M	536M	486M	248M
Interest Expense, Total	-21M	-20M	-22M	-40M	-62M
Interest And Investment Income	10M	6M	22M	72M	64M
Net Interest Expenses	-11M	-14M	0	32M	2M
Other Non Operating Income (Expenses)	-	-	-	-	-
EBT, Excl. Unusual Items	357M	448M	536M	518M	250M
Restructuring Charges	-	-	-	-	-24M
Merger & Related Restructuring Charges	-	-	-37M	-17M	-
Gain (Loss) On Sale Of Investments	-	-	-17M	-	-
Asset Writedown	-	-7M	-	-	-
EBT, Incl. Unusual Items	357M	441M	482M	501M	226M
Income Tax Expense	85M	103M	127M	126M	53M
Earnings From Continuing Operations	272M	338M	355M	375M	173M
Net Income to Company	272M	338M	355M	375M	173M
Net Income - (IS)	272M	338M	355M	375M	173M
Net Income to Common Incl Extra Items	272M	338M	355M	375M	173M
Net Income to Common Excl. Extra Items	272M	338M	355M	375M	173M
Per Share Items
Net EPS - Basic	4.06	5.12	5.63	6.58	3.46
Basic EPS - Continuing Operations	4.06	5.12	5.63	6.58	3.46
Basic Weighted Average Shares Outstanding	67M	66M	63M	57M	50M
Net EPS - Diluted	3.99	5.07	5.61	6.56	3.43
Diluted EPS - Continuing Operations	3.99	5.07	5.61	6.56	3.43
Diluted Weighted Average Shares Outstanding	68M	67M	64M	57M	50M
Normalized Basic EPS	3.33	4.24	5.32	5.68	3.12
Normalized Diluted EPS	3.28	4.18	5.23	5.68	3.12
Dividend Per Share	-	-	-	-	1
Payout Ratio	-	-	-	-	21.39
Supplemental Items
EBITDA	404M	511M	602M	525M	282M
EBITA	373M	467M	590M	516M	275M
EBIT	368M	462M	536M	486M	248M
EBITDAR	421M	524M	617M	536M	297M
Total Revenues (As Reported)	4.03B	4.54B	4.88B	4.92B	5.05B
Effective Tax Rate - (Ratio)	23.81	23.36	26.35	25.15	23.45
Current Domestic Taxes	126M	114M	148M	120M	54M
Current Foreign Taxes	1M	1M	-	2M	-
Total Current Taxes	127M	115M	148M	122M	54M
Deferred Domestic Taxes	-42M	-10M	-23M	4M	-1M
Deferred Foreign Taxes	-	-2M	2M	-	-
Total Deferred Taxes	-42M	-12M	-21M	4M	-1M
Normalized Net Income	223M	280M	335M	324M	156M
Supplemental Operating Expense Items
Advertising Expense	19M	21M	29M	37M	20M
Marketing Expenses	-	-	-	-	-
Selling and Marketing Expenses	186M	202M	242M	285M	289M
General and Administrative Expenses	152M	176M	204M	194M	208M
Research And Development Expense From Footnotes	31M	33M	35M	42M	48M
Net Rental Expense, Total	17M	13M	15M	11M	15M
Imputed Operating Lease Interest Expense	6.44M	4.26M	4.8M	4.17M	6.89M
Imputed Operating Lease Depreciation	10.56M	8.74M	10.2M	6.83M	8.11M
Stock-Based Comp., COGS (Total)	9M	12M	13M	14M	16M
Stock-Based Comp., R&D Exp. (Total)	2M	3M	4M	4M	6M
Stock-Based Comp., S&M Exp. (Total)	6M	6M	7M	8M	12M
Stock-Based Comp., G&A Exp. (Total)	26M	29M	38M	33M	31M
Total Stock-Based Compensation	43M	50M	62M	59M	65M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	301M	612M	354M	287M	360M
Short Term Investments	57M	135M	76M	65M	-
Total Cash And Short Term Investments	358M	747M	430M	352M	360M
Accounts Receivable, Total	264M	339M	394M	465M	32M
Other Receivables	-	-	-	-	349M
Total Receivables	264M	339M	394M	465M	381M
Prepaid Expenses	63M	67M	71M	67M	64M
Restricted Cash	1.31B	1.1B	1.15B	1.15B	1.3B
Other Current Assets, Total	169M	189M	278M	540M	1.07B
Total Current Assets	2.16B	2.44B	2.33B	2.58B	3.18B
Gross Property Plant And Equipment	324M	352M	105M	96M	71M
Accumulated Depreciation	-194M	-231M	-50M	-55M	-37M
Net Property Plant And Equipment	130M	121M	55M	41M	34M
Long-term Investments	138M	168M	151M	143M	-
Goodwill	294M	294M	462M	462M	461M
Other Intangibles, Total	18M	6M	163M	172M	156M
Deferred Tax Assets Long-Term	-	-	-	-	-
Deferred Charges Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	303M	281M	286M	297M	288M
Total Assets	3.04B	3.31B	3.44B	3.69B	4.12B
Liabilities
Accounts Payable, Total	49M	86M	98M	87M	89M
Accrued Expenses, Total	1.65B	1.54B	1.77B	2.19B	2.73B
Short-term Borrowings	-	-	-	109M	-
Current Portion of Long-Term Debt	23M	-	-	-	75M
Current Portion of Leases	11M	11M	15M	14M	13M
Other Current Liabilities	134M	97M	106M	65M	76M
Total Current Liabilities	1.87B	1.74B	1.99B	2.46B	2.98B
Long-Term Debt	348M	495M	496M	984M	908M
Long-Term Leases	49M	41M	41M	30M	26M
Deferred Tax Liability Non Current	22M	11M	8M	13M	11M
Other Non Current Liabilities	147M	142M	135M	125M	124M
Total Liabilities	2.44B	2.43B	2.67B	3.62B	4.05B
Common Stock, Total	747M	808M	899M	976M	1.06B
Retained Earnings	-144M	74M	-119M	-896M	-984M
Comprehensive Income and Other	4M	-1M	-5M	-2M	-3M
Total Common Equity	607M	881M	775M	78M	69M
Total Equity	607M	881M	775M	78M	69M
Total Liabilities And Equity	3.04B	3.31B	3.44B	3.69B	4.12B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	65.99M	65.7M	59.98M	50.57M	49.53M
ECS Total Common Shares Outstanding	66.46M	65.97M	60.56M	50.66M	49.53M
Book Value / Share	9.13	13.35	12.8	1.54	1.39
Tangible Book Value	295M	581M	150M	-556M	-548M
Tangible Book Value Per Share	4.44	8.81	2.48	-10.97	-11.06
Total Debt	431M	547M	552M	1.14B	1.02B
Net Debt	73M	-200M	-29M	642M	662M
Debt Equivalent Oper. Leases	136M	104M	120M	88M	120M
Account Code - Inventory Valuation	3	3	3	3	3
Machinery, Total	44M	48M	52M	51M	32M
Full Time Employees	335K	368K	352K	351K	364K
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	-	-	-

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	272M	338M	355M	375M	173M
Depreciation & Amortization - CF	45M	56M	37M	18M	18M
Amortization of Goodwill and Intangible Assets - (CF)	5M	5M	54M	30M	27M
Depreciation & Amortization, Total	50M	61M	91M	48M	45M
Amortization of Deferred Charges, Total - (CF)	31M	33M	35M	82M	92M
(Gain) Loss From Sale Of Asset	-	-	6M	1M	-
(Gain) Loss on Sale of Investments - (CF)	1M	3M	19M	1M	-1M
Asset Writedown & Restructuring Costs	-	-	-	-	25M
Stock-Based Compensation (CF)	43M	50M	62M	59M	65M
Tax Benefit from Stock Options	-	-	-	-	-
Provision and Write-off of Bad Debts	-	-	2M	3M	2M
Other Operating Activities, Total	-39M	-7M	-20M	-2M	-7M
Change In Accounts Receivable	32M	-75M	-51M	-74M	-2M
Change In Accounts Payable	19M	33M	-13M	-8M	-7M
Change In Income Taxes	-	-	-	-	-
Change in Other Net Operating Assets	137M	-218M	76M	60M	-106M
Cash from Operations	546M	218M	562M	545M	279M
Capital Expenditure	-36M	-40M	-56M	-75M	-78M
Cash Acquisitions	-	-	-229M	-	-
Investment in Marketable and Equity Securities, Total	-	-	59M	5M	231M
Other Investing Activities, Total	-115M	-95M	-	-	-
Cash from Investing	-151M	-135M	-226M	-70M	153M
Short Term Debt Issued, Total	234M	-	-	695M	-
Long-Term Debt Issued, Total	-	500M	-	400M	-
Total Debt Issued	234M	500M	-	1.1B	-
Short Term Debt Repaid, Total	-234M	-	-	-495M	-
Long-Term Debt Repaid, Total	-22M	-370M	-	-	-110M
Total Debt Repaid	-256M	-370M	-	-495M	-110M
Issuance of Common Stock	10M	11M	11M	15M	12M
Repurchase of Common Stock	-196M	-120M	-547M	-1.15B	-211M
Common Dividends Paid	-	-	-	-	-37M
Common & Preferred Stock Dividends Paid	-	-	-	-	-37M
Other Financing Activities, Total	-	-9M	-	-9M	139M
Cash from Financing	-208M	12M	-536M	-546M	-207M
Foreign Exchange Rate Adjustments	-	-	-1M	-	-
Net Change in Cash	187M	95M	-201M	-71M	225M
Supplemental Items
Cash Interest Paid	16M	12M	18M	25M	59M
Cash Income Tax Paid (Refund)	123M	129M	128M	114M	76M
Levered Free Cash Flow	325M	381M	494M	430M	199M
Unlevered Free Cash Flow	338M	394M	508M	455M	238M
Change In Net Working Capital	-20M	-1M	-41M	-37M	41M
Net Debt Issued / Repaid	-22M	130M	-	600M	-110M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	7.94	9.09	9.92	8.51	3.97
Return on Total Capital	23.36	23.43	24.32	23.9	13.44
Return On Equity %	50.28	45.43	42.87	87.92	235.37
Return on Common Equity	50.28	45.43	42.87	87.92	235.37
Margin Analysis
Gross Profit Margin %	19.66	20.64	22.91	22.39	17.8
SG&A Margin	8.38	8.33	9.13	9.73	9.96
EBITDA Margin %	10.01	11.26	12.32	10.67	5.65
EBITA Margin %	9.25	10.29	12.08	10.48	5.51
EBIT Margin %	9.12	10.18	10.97	9.87	4.97
Income From Continuing Operations Margin %	6.74	7.44	7.27	7.62	3.47
Net Income Margin %	6.74	7.44	7.27	7.62	3.47
Net Avail. For Common Margin %	6.74	7.44	7.27	7.62	3.47
Normalized Net Income Margin	5.53	6.17	6.86	6.58	3.13
Levered Free Cash Flow Margin	8.05	8.4	10.12	8.73	3.99
Unlevered Free Cash Flow Margin	8.38	8.67	10.4	9.24	4.77
Asset Turnover
Asset Turnover	1.39	1.43	1.45	1.38	1.28
Fixed Assets Turnover	29.88	36.18	80.74	102.54	133.04
Receivables Turnover (Average Receivables)	14.46	15.06	13.33	11.46	199.56
Short Term Liquidity
Current Ratio	1.16	1.4	1.17	1.05	1.07
Quick Ratio	0.33	0.62	0.41	0.33	0.25
Operating Cash Flow to Current Liabilities	0.29	0.13	0.28	0.22	0.09
Days Sales Outstanding (Average Receivables)	25.31	24.24	27.38	31.85	1.83
Average Days Payable Outstanding	4.52	6.89	8.92	8.84	7.85
Long Term Solvency
Total Debt/Equity	71	62.09	71.23	1.46K	1.48K
Total Debt / Total Capital	41.52	38.31	41.6	93.58	93.68
LT Debt/Equity	65.4	60.84	69.29	1.3K	1.35K
Long-Term Debt / Total Capital	38.25	37.54	40.47	83.46	85.61
Total Liabilities / Total Assets	80.05	73.38	77.49	97.89	98.32
EBIT / Interest Expense	17.52	23.1	24.36	12.15	4
EBITDA / Interest Expense	20.05	26.2	28.05	13.4	4.79
(EBITDA - Capex) / Interest Expense	18.33	24.2	25.5	11.52	3.53
Total Debt / EBITDA	1.02	1.04	0.89	2.12	3.44
Net Debt / EBITDA	0.17	-0.38	-0.05	1.2	2.23
Total Debt / (EBITDA - Capex)	1.12	1.13	0.98	2.47	4.67
Net Debt / (EBITDA - Capex)	0.19	-0.41	-0.05	1.39	3.02
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	4.62	12.54	7.6	0.76	1.36
Gross Profit, 1 Yr. Growth %	15.94	18.16	19.42	-1.52	-19.42
EBITDA, 1 Yr. Growth %	36.49	26.49	17.81	-8.7	-46.29
EBITA, 1 Yr. Growth %	36.63	25.2	15.23	-8.67	-46.71
EBIT, 1 Yr. Growth %	37.31	25.54	16.02	-9.33	-48.97
Earnings From Cont. Operations, 1 Yr. Growth %	28.3	24.26	5.03	5.63	-53.87
Net Income, 1 Yr. Growth %	28.3	24.26	5.03	5.63	-53.87
Normalized Net Income, 1 Yr. Growth %	32.22	25.49	19.64	-3.36	-51.74
Diluted EPS Before Extra, 1 Yr. Growth %	33.44	27.07	10.65	16.93	-47.71
Accounts Receivable, 1 Yr. Growth %	-10.2	28.41	16.22	18.02	77.78
Net Property, Plant and Equip., 1 Yr. Growth %	-7.14	-6.92	-16.67	-25.45	-17.07
Total Assets, 1 Yr. Growth %	10.74	8.74	4.05	7.26	11.54
Tangible Book Value, 1 Yr. Growth %	72.51	96.95	-71.48	-470.67	-1.44
Common Equity, 1 Yr. Growth %	27.79	45.14	-12.03	-89.94	-11.54
Cash From Operations, 1 Yr. Growth %	15.92	-60.07	157.8	-3.02	-48.24
Capital Expenditures, 1 Yr. Growth %	-20	11.11	40	33.93	4
Levered Free Cash Flow, 1 Yr. Growth %	63.77	16.63	29.64	-14.94	-53.64
Unlevered Free Cash Flow, 1 Yr. Growth %	59.81	15.81	29.02	-12.38	-47.66
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	7.31	8.51	10.04	4.12	1.06
Gross Profit, 2 Yr. CAGR %	9.28	17.04	18.79	8.45	-10.92
EBITDA, 2 Yr. CAGR %	21.65	31.39	22.07	3.3	-29.97
EBITA, 2 Yr. CAGR %	20.71	30.79	20.55	3.36	-30.23
EBIT, 2 Yr. CAGR %	21.08	31.3	20.69	2.56	-31.98
Earnings From Cont. Operations, 2 Yr. CAGR %	19.02	26.27	14.24	5.33	-30.19
Net Income, 2 Yr. CAGR %	19.02	26.27	14.24	5.33	-30.19
Normalized Net Income, 2 Yr. CAGR %	21.71	28.81	22.53	7.53	-31.71
Diluted EPS Before Extra, 2 Yr. CAGR %	22.71	30.22	18.58	13.75	-21.81
Accounts Receivable, 2 Yr. CAGR %	-8.45	7.38	22.16	17.12	-71.5
Net Property, Plant and Equip., 2 Yr. CAGR %	28.28	-7.03	-34.96	-21.18	-21.38
Total Assets, 2 Yr. CAGR %	11.79	9.73	6.37	5.64	9.38
Tangible Book Value, 2 Yr. CAGR %	113.04	84.33	-28.69	2.81	91.14
Common Equity, 2 Yr. CAGR %	27.23	36.19	12.99	-70.25	-70.16
Cash From Operations, 2 Yr. CAGR %	129.13	-31.97	1.45	58.11	-25.08
Capital Expenditures, 2 Yr. CAGR %	-8.5	-5.72	24.72	36.93	18.02
Levered Free Cash Flow, 2 Yr. CAGR %	39.42	38.63	22.97	4.54	-37.2
Unlevered Free Cash Flow, 2 Yr. CAGR %	36.7	36.44	22.23	5.87	-32.28
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	7.2	9.03	8.2	6.86	3.19
Gross Profit, 3 Yr. CAGR %	9.99	12.16	17.83	11.59	-1.77
EBITDA, 3 Yr. CAGR %	19.79	23.24	26.7	9.13	-16.93
EBITA, 3 Yr. CAGR %	18.88	22.19	29.29	8.32	-17.12
EBIT, 3 Yr. CAGR %	19.25	22.55	25.99	9.71	-18.73
Earnings From Cont. Operations, 3 Yr. CAGR %	15.18	20.75	18.75	11.3	-20.01
Net Income, 3 Yr. CAGR %	15.18	20.75	18.75	11.3	-20.01
Normalized Net Income, 3 Yr. CAGR %	21.31	22.96	25.68	13.21	-17.67
Diluted EPS Before Extra, 3 Yr. CAGR %	17.02	24.14	23.34	18.03	-12.21
Accounts Receivable, 3 Yr. CAGR %	-6.01	2.48	10.25	20.77	-54.47
Net Property, Plant and Equip., 3 Yr. CAGR %	22.92	15.27	-26.76	-31.93	-19.84
Total Assets, 3 Yr. CAGR %	5.48	10.76	7.81	6.67	7.57
Tangible Book Value, 3 Yr. CAGR %	39.36	107.53	-4.27	23.52	1.38
Common Equity, 3 Yr. CAGR %	43.36	32.94	17.73	-49.54	-57.22
Cash From Operations, 3 Yr. CAGR %	-3.42	27.98	6.06	-0.06	8.57
Capital Expenditures, 3 Yr. CAGR %	-1.79	-2.38	7.56	27.72	24.93
Levered Free Cash Flow, 3 Yr. CAGR %	13.34	31.64	35.57	9.55	-20.28
Unlevered Free Cash Flow, 3 Yr. CAGR %	12.78	29.6	33.92	10.18	-16.29
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	8.69	8.21	8.33	7.04	5.29
Gross Profit, 5 Yr. CAGR %	14.9	15.49	13.43	10.66	5.36
EBITDA, 5 Yr. CAGR %	26.24	27.28	20.7	13.97	-0.96
EBITA, 5 Yr. CAGR %	26.1	27.24	21.59	15.05	0.15
EBIT, 5 Yr. CAGR %	36.38	30.09	19.82	14.13	-1.54
Earnings From Cont. Operations, 5 Yr. CAGR %	53.42	40.84	14.81	14.33	-3.98
Net Income, 5 Yr. CAGR %	53.42	40.84	14.81	14.33	-3.98
Normalized Net Income, 5 Yr. CAGR %	42.86	33.92	21.79	16.54	-1.53
Diluted EPS Before Extra, 5 Yr. CAGR %	55.42	42.93	17.64	19.88	2.78
Accounts Receivable, 5 Yr. CAGR %	-	-	4.38	8.1	-35.83
Net Property, Plant and Equip., 5 Yr. CAGR %	27.99	15.45	-4.71	-12.29	-24.65
Total Assets, 5 Yr. CAGR %	7.78	9.57	5.83	8.69	8.43
Tangible Book Value, 5 Yr. CAGR %	-2.09	15.31	6.59	53.61	26.23
Common Equity, 5 Yr. CAGR %	137.22	90.63	30.34	-26.95	-32.01
Cash From Operations, 5 Yr. CAGR %	29.31	2.57	-1.5	39.27	-9.94
Capital Expenditures, 5 Yr. CAGR %	13.63	0	8.06	11.77	11.63
Levered Free Cash Flow, 5 Yr. CAGR %	22.59	44.64	17.24	20.79	0.09
Unlevered Free Cash Flow, 5 Yr. CAGR %	21.2	40.19	16.61	20.25	2.39