NSP: the cash flow

MyFinsight

For the quarter ending 2026-03-31, NSP had -$119M decrease in cash & cash equivalents over the period. -$73M in free cash flow.

Cash Flow	2026-03-31	2025-12-31	2025-09-30	2025-06-30
Net income	33	-33	-20	46
Depreciation and amortization	11	12	11	22
Stock-based compensation	13	14	16	31
Deferred income taxes	29	-19	19	12
Accounts receivable	54	-68	51	14
Prepaid insurance and related assets	61	-11	-24	16
Other current assets	19	-4	1	-1
Other assets and rou assets	4	3	0	6
Accounts payable	0	-2	2	-4
Payroll taxes and other payroll deductions payable	-73	210	-32	-535
Accrued worksite employee payroll costs	54	-10	58	-14
Accrued health insurance costs	37	-1	-26	38
Accrued workers compensation costs	0	-2	-4	-14
Accrued corporate payroll, commissions and other accrued liabilities	-32	0	17	-40
Income taxes payable/receivable	-1	6	-24	-29
Total adjustments	-100	288	9	-568
Net cash used in operating activities	-67	255	-11	-522
Purchases	6	1	15	10
Proceeds from maturities	2	1	5	12
Proceeds from dispositions	4	0	8	-
Property and equipment purchases	6	9	9	13
Net cash used in investing activities	-6	-9	-11	-11
Purchase of treasury stock	4	0	0	19
Dividends paid	23	22	23	45
Client funds liability and other	-19	33	0	-14
Net cash used in financing activities	-46	11	-23	-78
Net decrease in cash, cash equivalents, restricted cash, funds held for clients, and deposits workers compensation	-119	257	-45	-611
Cash, cash equivalents, restricted cash, funds held for clients, and deposits - workers compensation beginning of period	945	688	1,344	-
Cash, cash equivalents, restricted cash, funds held for clients, and deposits - workers compensation end of period	826	945	688	-

Unit: Million (M) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.