Trinet Group, Inc. financial data

Symbol
TNET on NYSE
Industry
Services-Business Services, NEC
Location
One Park Place., Suite 600, Dublin, California
State of incorporation
Delaware
Fiscal year end
December 31
Former names
TRINET EMPLOYER GROUP INC (to 3/2/2000)
Latest financial report
Q1 2024 - Apr 26, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 111 % -8.71%
Debt-to-equity 1.11 K % +256%
Return On Equity 117 % +177%
Return On Assets 9.63 % -5.87%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 50.6 M shares -14.9%
Common Stock, Shares, Outstanding 50.6 M shares -15%
Entity Public Float 3.6 B USD +16.1%
Weighted Average Number of Shares Outstanding, Basic 51 M shares -15%
Weighted Average Number of Shares Outstanding, Diluted 51 M shares -15%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax 4.94 B USD +0.55%
Research and Development Expense 66 M USD -10.8%
Selling and Marketing Expense 288 M USD +8.27%
General and Administrative Expense 216 M USD -8.86%
Costs and Expenses 4.52 B USD +1.55%
Operating Income (Loss) 422 M USD -9.05%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 445 M USD -3.68%
Income Tax Expense (Benefit) 110 M USD -9.84%
Net Income (Loss) Attributable to Parent 335 M USD -1.47%
Earnings Per Share, Basic 6.23 USD/shares +11.1%
Earnings Per Share, Diluted 6.17 USD/shares +10.8%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 298 M USD -57.9%
Accounts Receivable, after Allowance for Credit Loss, Current 11 M USD -26.7%
Other Assets, Current 50 M USD +13.6%
Assets, Current 2.84 B USD +8.03%
Property, Plant and Equipment, Net 15 M USD -51.6%
Operating Lease, Right-of-Use Asset 22 M USD -24.1%
Intangible Assets, Net (Excluding Goodwill) 174 M USD +12.3%
Goodwill 462 M USD 0%
Other Assets, Noncurrent 142 M USD +6.77%
Assets 3.97 B USD +6.21%
Contract with Customer, Liability, Current 51 M USD -61.1%
Liabilities, Current 2.67 B USD +19.4%
Deferred Income Tax Liabilities, Net 13 M USD +44.4%
Operating Lease, Liability, Noncurrent 27 M USD -25%
Other Liabilities, Noncurrent 12 M USD +50%
Liabilities 3.83 B USD +31.4%
Common Stocks, Including Additional Paid in Capital 996 M USD +9.45%
Accumulated Other Comprehensive Income (Loss), Net of Tax -5 M USD -150%
Retained Earnings (Accumulated Deficit) -848 M USD -922%
Stockholders' Equity Attributable to Parent 143 M USD -82.7%
Liabilities and Equity 3.97 B USD +6.21%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities -122 M USD -58.4%
Net Cash Provided by (Used in) Financing Activities -30 M USD -115%
Net Cash Provided by (Used in) Investing Activities -47 M USD -104%
Common Stock, Shares Authorized 750 M shares 0%
Common Stock, Shares, Issued 50.6 M shares -15%
Common Stock, Par or Stated Value Per Share 0 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect -71 M USD +64.7%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 1.27 B USD -22.6%
Interest Paid, Excluding Capitalized Interest, Operating Activities 26 M USD +136%
Deferred Tax Assets, Valuation Allowance 8 M USD 0%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.21 pure 0%
Deferred Tax Assets, Gross 79 M USD -15.1%
Operating Lease, Liability 44 M USD -21.4%
Depreciation 9 M USD -10%
Payments to Acquire Property, Plant, and Equipment 18 M USD +5.88%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 332 M USD -4.32%
Lessee, Operating Lease, Liability, to be Paid 48 M USD -22.6%
Property, Plant and Equipment, Gross 72 M USD -6.49%
Operating Lease, Liability, Current 14 M USD -12.5%
Lessee, Operating Lease, Liability, to be Paid, Year Two 13 M USD -13.3%
Lessee, Operating Lease, Liability, to be Paid, Year One 15 M USD -11.8%
Operating Lease, Weighted Average Discount Rate, Percent 0.04 pure 0%
Deferred Income Tax Expense (Benefit) 4 M USD
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 4 M USD -33.3%
Lessee, Operating Lease, Liability, to be Paid, Year Three 8 M USD -33.3%
Deferred Tax Assets, Operating Loss Carryforwards 6 M USD -14.3%
Preferred Stock, Shares Issued 0 shares
Deferred Federal Income Tax Expense (Benefit) 1 M USD
Current Income Tax Expense (Benefit) 122 M USD -17.6%
Preferred Stock, Shares Authorized 20 M shares 0%
Unrecognized Tax Benefits 7 M USD 0%
Lessee, Operating Lease, Liability, to be Paid, Year Four 7 M USD 0%
Preferred Stock, Shares Outstanding 0 shares
Current State and Local Tax Expense (Benefit) 24 M USD -33.3%
Current Federal Tax Expense (Benefit) 96 M USD -14.3%
Amortization of Intangible Assets 18 M USD 0%
Deferred Tax Assets, Net of Valuation Allowance 71 M USD -16.5%
Share-based Payment Arrangement, Expense 20 M USD +81.8%
Deferred State and Local Income Tax Expense (Benefit) 3 M USD
Preferred Stock, Par or Stated Value Per Share 0 USD/shares 0%