For the year ending 2025-12-31, TNET had $211M increase in cash & cash equivalents over the period. $234M in free cash flow.
| Cash Flow | 2025-12-31 |
|---|---|
| Total revenues | 5,010 |
| Workers' compensation costs | 72 |
| Health insurance costs | 3,763 |
| Sales & marketing | 235 |
| Client support costs | 169 |
| Corporate administration | 160 |
| System support & development | 196 |
| Depreciation and amortization of intangible assets | 66 |
| Stock based compensation | 65 |
| Other | 11 |
| Interest expense, bank fees and other | 56 |
| Income taxes | 62 |
| Net income | 155 |
| Depreciation and amortization of intangible assets | 66 |
| Amortization of deferred costs | 49 |
| Amortization of rou asset, lease modification, impairment, and abandonment | 7 |
| Stock based compensation | 65 |
| Deferred income taxes | 45 |
| Impairment of intangibles and other | 5 |
| Accounts receivable, net | 0 |
| Prepaid expenses, net | 12 |
| Other payroll assets | 0 |
| Other assets | 42 |
| Accounts payable and other liabilities | -4 |
| Client deposits and other client liabilities | -3 |
| Accrued wages | -2 |
| Accrued health insurance costs, net | 1 |
| Accrued workers' compensation costs, net | -4 |
| Payroll taxes payable and other payroll withholdings | -10 |
| Operating lease liabilities | -13 |
| Net cash provided by operating activities | 303 |
| Purchases of marketable securities | 78 |
| Proceeds from sale and maturity of marketable securities | 103 |
| Acquisitions of property and equipment and software | 69 |
| Proceeds from sale of business | 1 |
| Other investments | 0 |
| Net cash provided by (used in) investing activities | -43 |
| Change in wse and trinet trust related assets and liabilities, net | -281 |
| Repurchase of common stock | 183 |
| Proceeds from issuance of common stock | 11 |
| Payment of long-term financing costs and debt issuance costs | 0 |
| Proceeds from issuance of 2031 notes | 0 |
| Proceeds from revolving credit agreement borrowings | 0 |
| Repayment of revolving credit agreement borrowings | 90 |
| Awards effectively repurchased for required employee withholding taxes | 16 |
| Dividends paid | 52 |
| Net cash used in financing activities | -49 |
| Effect of exchange rate changes on cash and cash equivalents | 0 |
| Net increase (decrease) in cash and cash equivalents, unrestricted and restricted | 211 |
| Cash and cash equivalents at beginning of period | 1,691 |
| Cash and cash equivalents at end of period | 1,902 |
TRINET GROUP, INC. (TNET)
TRINET GROUP, INC. (TNET)