← KELLY SERVICES INC
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net earnings (loss) | $53.8m |
$120.8m
+124.54%
|
$22.9m
-81.04%
|
$112.4m
+390.83%
|
— | ($72.0m) |
$156.1m
+316.81%
|
($62.5m)
-140.04%
|
($600k)
+99.04%
|
($254.1m)
-42250.00%
|
— | |
| Net Income (Loss) Attributable to Parent | — | $71.6m |
$22.9m
-68.02%
|
$112.4m
+390.83%
|
($72.0m)
-164.06%
|
$156.1m
+316.81%
|
($62.5m)
-140.04%
|
$36.4m
+158.24%
|
($600k)
-101.65%
|
($254.1m)
-42250.00%
|
— | |
| Depreciation, Depletion and Amortization | $22.3m | $22.7m | $26.2m | $31.6m | $24.2m | $29.8m | $29.8m | $33.9m | $40.2m | $42.4m | $51.3m | |
| Amortization of Intangible Assets | — | $900k | $1.8m | — | — | — | — | — | $51.5m | — | — | |
| Depreciation | $22.3m | $21.8m | $24.0m | $25.3m | $16.8m | $16.4m | $29.8m | $12.4m | $12.5m | $11.9m | $51.3m | |
| Operating lease asset amortization | — | $0 | $0 | $22.3m | — | $21.1m | $21.2m | $18.5m | $10.7m | $10.9m | — | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $51.9m | $50.1m | $50.9m | $53.3m | $51.3m | |
| Deferred Income Tax Expense (Benefit) | — | ($5.9m) | ($47.5m) | ($18.3m) | ($57.1m) | $21.6m | ($72.1m) | ($24.9m) | ($27.8m) | $168.5m | $174.4m | |
| Deferred income taxes | ($11.8m) | $7.4m | ($47.5m) | ($18.3m) | — | ($57.1m) | $21.6m | ($72.1m) | ($27.8m) | $168.5m | $174.4m | |
| Deferred Tax | — | — | — | — | — | — | ($72.1m) | ($24.9m) | ($27.8m) | $168.5m | $174.4m | |
| Share-based Payment Arrangement, Noncash Expense | — | $9.1m | $8.1m | $5.6m | $3.9m | $5.1m | — | $9.7m | $11.8m | $12.3m | $11.9m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | $1.8m | $6.9m | $2.5m | $1.2m | $600k | — | $1.8m | $2.5m | $2.3m | — | |
| Stock-based compensation | $6.1m | $8.0m | $8.1m | $5.6m | — | $3.9m | $5.1m | $7.8m | $11.8m | $12.3m | $11.9m | |
| Goodwill, Impairment Loss | — | — | — | — | $147.7m | $0 | — | $0 | $72.8m | $102.0m | $104.2m | |
| Goodwill impairment charge | — | — | $0 | $0 | — | $147.7m | $0 | $41.0m | $72.8m | $102.0m | — | |
| Asset impairment charge | — | $0 | $0 | $15.8m | — | $0 | $0 | $2.4m | $13.5m | $0 | $104.2m | |
| Income (Loss) from Equity Method Investments | — | $2.7m | $5.2m | ($3.6m) | $800k | $5.4m | — | $0 | $0 | — | — | |
| Other Nonoperating Income (Expense) | — | ($1.6m) | ($600k) | ($1.2m) | $3.4m | ($3.6m) | — | $4.2m | ($6.8m) | ($9.0m) | — | |
| Earnings (Loss)es From Equity Investments | — | — | — | — | — | ($5.4m) | ($800k) | $0 | $0 | — | $0 | |
| Changes in operating assets and liabilities: | ||||||||||||
| Change In Working Capital | — | — | — | — | — | — | ($141.0m) | ($2.0m) | ($77.2m) | $42.1m | ($42.5m) | |
| Increase (Decrease) in Accounts Receivable | — | $126.2m | $32.0m | ($46.0m) | ($55.9m) | $150.7m | — | ($147.2m) | $20.9m | ($94.6m) | ($40.9m) | |
| Accounts receivable | — | — | — | — | — | — | — | $147.2m | ($20.9m) | $94.6m | ($40.9m) | |
| Change In Receivables | — | — | — | — | — | — | ($99.3m) | $147.2m | ($20.9m) | $94.6m | ($40.9m) | |
| Changes In Account Receivables | — | — | — | — | — | — | ($99.3m) | $147.2m | ($20.9m) | $94.6m | ($40.9m) | |
| Increase (Decrease) in Accounts Payable | — | — | — | — | — | — | — | ($62.5m) | ($31.1m) | ($10.5m) | $46.0m | |
| Change In Accrued Expense | — | — | — | — | — | $12.5m | ($59.3m) | ($59.8m) | ($13.6m) | — | ($13.6m) | |
| Gain (Loss) on Disposition of Other Assets | — | — | — | — | — | — | — | $0 | $5.4m | $1.0m | — | |
| Other assets | — | — | — | — | — | — | — | ($12.9m) | $3.0m | $4.9m | — | |
| Other liabilities | — | — | — | — | — | — | — | ($73.8m) | ($28.2m) | ($46.9m) | — | |
| Restricted cash included in prepaid expenses and other current assets | — | $0 | $100k | $200k | — | $0 | $200k | $100k | $200k | $0 | — | |
| Restricted cash included in other assets | — | $4.4m | $4.7m | $5.0m | — | $5.1m | $6.6m | $8.6m | $6.4m | $4.7m | — | |
| Change In Other Current Assets | — | — | — | — | — | — | ($100k) | ($12.9m) | $3.0m | $4.9m | ($1.1m) | |
| Change In Other Current Liabilities | — | — | — | — | — | — | ($18.7m) | ($73.8m) | ($28.2m) | ($46.9m) | ($46.5m) | |
| Net Cash Provided by (Used in) Operating Activities | $23.5m |
$71.2m
+202.98%
|
$61.4m
-13.76%
|
$102.2m
+66.45%
|
$186.0m
+82.00%
|
$85.0m
-54.30%
|
$85.0m
0.00%
|
$76.7m
-9.76%
|
$26.9m
-64.93%
|
$122.6m
+355.76%
|
$27.1m
-77.90%
|
|
| Cash flows from investing activities: | ||||||||||||
| Capital expenditures | ($16.9m) | ($12.7m) | ($25.6m) | ($20.0m) | — | ($15.5m) | ($11.2m) | ($12.0m) | ($11.1m) | ($8.5m) | ($6.6m) | |
| Capital Expenditure Reported | $12.7m | $24.6m | $25.6m | $20.0m | $15.5m | $11.2m | ($12.0m) | ($15.3m) | ($11.1m) | ($8.5m) | ($6.6m) | |
| Gain (Loss) on Investments | — | — | — | — | — | $121.8m | — | $0 | $0 | — | ($1.8m) | |
| Payments to Acquire Investments | — | — | $5.0m | $1.0m | $200k | — | — | — | — | — | — | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | $37.2m | $0 | $86.4m | $39.2m | $213.0m | — | $0 | $431.9m | $0 | ($4.5m) | |
| Payments for (Proceeds from) Other Investing Activities | — | ($200k) | $100k | ($700k) | ($100k) | ($1.4m) | — | $800k | $0 | ($1.6m) | — | |
| Other investing activities | ($200k) | ($300k) | ($100k) | $700k | — | $100k | $1.4m | $600k | $0 | $1.6m | — | |
| Net Other Investing Changes | — | — | — | — | — | — | $12.2m | $1.2m | $4.3m | $2.6m | $4.4m | |
| Net cash (used in) from investing activities | ($17.6m) | $10.3m | ($29.8m) | ($94.3m) | — | $9.8m | ($180.7m) | $167.5m | ($361.6m) | $22.3m | — | |
| Net Cash Provided by (Used in) Investing Activities | — | ($61.0m) | ($29.8m) | ($94.3m) | $9.8m | ($180.7m) | — | ($14.1m) | ($361.6m) | $22.3m | ($2.2m) | |
| Cash flows from financing activities: | ||||||||||||
| Proceeds from Issuance of Long-term Debt | — | — | — | — | — | — | — | — | $1.3b | $1.6b | $1.5b | |
| Net change in short-term borrowings | ($34.7m) | ($55.9m) | ($7.8m) | ($300k) | — | ($1.7m) | ($200k) | $800k | $0 | $0 | — | |
| Proceeds from long-term debt | — | — | — | — | — | — | — | $0 | $1.3b | $1.6b | — | |
| Payments on long-term debt | — | — | — | — | — | — | — | $0 | ($1.1b) | ($1.7b) | — | |
| Issuance Of Debt | — | — | — | — | — | — | $0 | $0 | $1.3b | $1.6b | $1.5b | |
| Long Term Debt Issuance | — | — | — | — | — | — | $0 | $0 | $1.3b | $1.6b | $1.5b | |
| Long Term Debt Payments | — | — | — | — | — | — | ($1.4m) | ($1.2m) | ($1.1b) | ($1.7b) | ($1.5b) | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | ($600k) | ($1.9m) | $239.4m | ($137.5m) | $3.8m | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | ($1.4m) | ($1.2m) | $239.4m | ($137.5m) | $3.8m | |
| Net Short Term Debt Issuance | — | — | — | — | — | — | $800k | ($700k) | $0 | $0 | $0 | |
| Repayment Of Debt | — | — | — | — | — | — | ($1.4m) | ($1.2m) | ($1.1b) | ($1.7b) | ($1.5b) | |
| Payments of Ordinary Dividends, Common Stock | — | $12 | $12 | $12 | $3 | $4 | — | $11 | $11 | $11 | ($11.0m) | |
| Common Stock Dividend Paid | — | — | — | — | — | — | ($10.6m) | ($11.0m) | ($10.9m) | ($11.0m) | ($11.0m) | |
| Common Stock Payments | — | — | — | — | — | — | ($35.0m) | ($42.2m) | ($10.0m) | ($10.0m) | ($10.0m) | |
| Net Common Stock Issuance | — | — | — | — | — | — | ($35.0m) | ($42.2m) | ($10.0m) | ($10.0m) | ($10.0m) | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($35.0m) | ($42.2m) | ($10.0m) | ($10.0m) | ($10.0m) | |
| Dividend payments | ($7.7m) | ($10.7m) | ($11.8m) | ($11.9m) | — | ($3.0m) | ($4.0m) | ($10.6m) | ($10.9m) | ($11.0m) | — | |
| Cash Dividends Paid | — | — | — | — | — | — | ($10.6m) | ($11.0m) | ($10.9m) | ($11.0m) | ($11.0m) | |
| Proceeds from (Payments for) Other Financing Activities | $200k | ($100k) | $0 | ($700k) | ($200k) | ($200k) | ($200k) | ($200k) | ($1.2m) | ($300k) | — | |
| Net Other Financing Charges | — | — | — | — | — | — | ($4.4m) | ($4.5m) | ($3.7m) | ($2.6m) | ($2.4m) | |
| Net cash from (used in) financing activities | ($42.2m) |
($66.9m)
-58.53%
|
($26.5m)
+60.39%
|
($16.1m)
+39.25%
|
— | ($8.1m) |
($8.1m)
0.00%
|
($50.6m)
-524.69%
|
$214.8m
+524.51%
|
($161.1m)
-175.00%
|
— | |
| Net Cash Provided by (Used in) Financing Activities | — | ($3.4m) |
($26.5m)
-679.41%
|
($16.1m)
+39.25%
|
($8.1m)
+49.69%
|
($8.1m)
0.00%
|
— | ($59.6m) |
$214.8m
+460.40%
|
($161.1m)
-175.00%
|
($19.6m)
+87.83%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | $3.2m | ($9.1m) | $197.1m | ($108.6m) | — | $5.2m | ($122.0m) | ($7.9m) | $29.8m | |
| Cash, cash equivalents and restricted cash at beginning of year | — | $36.9m | $40.1m | $31.0m | — | $228.1m | $119.5m | $162.4m | $45.6m | $37.7m | — | |
| Beginning Cash Position | — | — | — | — | — | — | $119.5m | $162.4m | $167.6m | $45.6m | $24.5m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $40.1m | $31.0m | $228.1m | $119.5m | — | $167.6m | $45.6m | $37.7m | $29.8m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | ($1.9m) | ($900k) | $9.4m | ($4.8m) | — | $2.2m | ($2.1m) | $8.3m | ($1.8m) | |
| Effect of exchange rates on cash, cash equivalents and restricted cash | — | ($3.8m) | ($1.9m) | ($900k) | — | $9.4m | ($4.8m) | $2.3m | ($2.1m) | $8.3m | — | |
| Net change in cash, cash equivalents and restricted cash | — | $2.6m | $3.2m | ($9.1m) | — | $197.1m | ($108.6m) | $42.9m | ($122.0m) | ($7.9m) | — | |
| Effect Of Exchange Rate Changes | — | — | — | — | — | — | $2.3m | $2.2m | ($2.1m) | $8.3m | ($1.8m) | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | — | — | — | $1.7m | $1.3m | $2.8m | $10.0m | $12.2m | — | |
| Income Taxes Paid, Net | — | $20.1m | $18.3m | $17.7m | $26.4m | $14.1m | $61.2m | $8.9m | $10.9m | $4.5m | — | |
| Additional Financial Items | ||||||||||||
| Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal | — | — | — | — | — | — | — | $0 | $0 | $4.1m | — | |
| Equity Securities, FV-NI, Gain (Loss) | — | — | — | — | — | — | — | — | $3.8m | — | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | — | ($1.1m) | $300k | ($800k) | $3.3m | ($1.0m) | — | ($1.5m) | $500k | — | — | |
| Foreign Currency Transaction Gain (Loss), Unrealized | — | — | — | — | — | — | — | $0 | $0 | — | — | |
| Gain (Loss) on Disposition of Assets | — | — | — | $12.3m | $32.1m | $0 | — | $0 | $5.4m | $1.0m | — | |
| Gain (Loss) on Disposition of Business | — | $0 | $0 | — | — | — | — | $0 | $1.6m | $4.1m | — | |
| Gain (Loss) on Termination of Lease | — | — | — | — | $4.8m | — | — | — | — | — | — | |
| Gain (Loss) Related to Litigation Settlement | — | — | — | — | — | $19.0m | — | $0 | $1.6m | — | — | |
| Goodwill | — | $107.1m | $107.3m | $127.8m | $3.5m | $114.8m | — | $151.1m | $304.2m | $202.1m | $104.2m | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | — | — | — | — | — | — | — | — | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | — | — | — | — | — | — | — | — | |
| Income Tax Expense (Benefit) | — | $12.8m | ($27.1m) | $400k | ($34.0m) | $35.1m | — | ($11.5m) | ($21.3m) | $175.3m | — | |
| Investment Income, Interest | — | $700k | $800k | $1.1m | $600k | $200k | — | $6.7m | $6.8m | $3.7m | — | |
| Financing Receivable, Credit Loss, Expense (Reversal) | — | — | — | — | $9.5m | $600k | — | — | — | — | — | |
| Unrealized Gain (Loss) on Derivatives | — | — | — | — | — | — | — | ($3.6m) | — | — | — | |
| Provision for credit losses and sales allowances | $3.7m | $11.0m | $3.0m | $4.1m | — | $12.8m | $1.6m | $1.5m | ($100k) | $3.3m | — | |
| Gain on sale of EMEA staffing operations | — | — | — | — | — | $0 | $0 | ($18.7m) | ($1.6m) | ($4.1m) | — | |
| Gain on sale of assets | — | $0 | $0 | ($12.3m) | — | ($32.1m) | $0 | ($6.2m) | ($5.4m) | ($1.0m) | — | |
| Other, net | ($4.7m) | ($3.9m) | ($800k) | ($400k) | — | $1.4m | $6.0m | $3.3m | ($7.6m) | $300k | — | |
| Proceeds from sale of EMEA staffing operations, net of cash disposed | — | — | — | — | — | — | — | $0 | $77.1m | $21.8m | — | |
| Proceeds from sale of PersolKelly investment | — | — | — | — | — | — | — | $0 | $0 | $6.4m | — | |
| Proceeds from sale of assets | — | $0 | $0 | $13.8m | — | $55.5m | $0 | $10.1m | $4.3m | $1.0m | — | |
| Acquisition of companies, net of cash received | $0 | ($37.2m) | $0 | ($86.4m) | — | ($39.2m) | ($213.0m) | ($143.1m) | ($431.9m) | $0 | — | |
| Financing lease payments | — | $0 | $0 | ($700k) | — | ($2.0m) | ($1.5m) | ($1.4m) | $0 | $0 | — | |
| Payments of tax withholding for stock awards | ($1.8m) | ($1.8m) | ($6.9m) | ($2.5m) | — | ($1.2m) | ($600k) | ($900k) | ($2.5m) | ($2.3m) | — | |
| Purchase of treasury stock | — | — | — | — | — | $0 | $0 | ($35.0m) | ($10.0m) | ($10.0m) | — | |
| Contingent consideration payments | — | — | — | $0 | — | $0 | ($1.6m) | ($3.3m) | $0 | $0 | — | |
| Cash and equivalents | $42.2m | $29.6m | $35.3m | $25.8m | — | $223.0m | $112.7m | $153.7m | $39.0m | $33.0m | — | |
| Cash included in assets held for sale | — | — | — | — | — | — | $0 | $33.5m | $0 | $0 | — | |
| Non-cash capital accrual | — | — | — | — | — | — | — | $400k | $1.6m | $300k | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($50.6m) | ($59.6m) | $214.8m | ($161.1m) | ($19.6m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | $167.5m | ($14.1m) | ($361.6m) | $22.3m | ($2.2m) | |
| Change In Account Payable | — | — | — | — | — | — | $44.3m | ($62.5m) | ($31.1m) | ($10.5m) | $46.0m | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | $42.9m | $5.2m | ($122.0m) | ($7.9m) | — | |
| Change In Income Tax Payable | — | — | — | — | — | ($4.6m) | $21.9m | $0 | ($3.2m) | — | ($3.2m) | |
| Change In Other Working Capital | — | — | — | — | — | ($10.8m) | ($5.3m) | $300k | $900k | — | $900k | |
| Change In Payable | — | — | — | — | — | — | $66.2m | ($62.5m) | ($31.1m) | ($10.5m) | $46.0m | |
| Change In Prepaid Assets | — | — | — | — | — | $5.0m | ($24.6m) | ($10.7m) | $2.8m | — | $2.8m | |
| Change In Tax Payable | — | — | — | — | — | ($4.6m) | $21.9m | $0 | ($3.2m) | — | ($3.2m) | |
| Changes In Cash | — | — | — | — | — | — | $40.6m | $3.0m | ($119.9m) | ($16.2m) | $5.3m | |
| End Cash Position | — | — | — | — | — | — | $162.4m | $167.6m | $45.6m | $37.7m | $29.8m | |
| Financing Cash Flow | — | — | — | — | — | — | ($50.6m) |
($59.6m)
-17.79%
|
$214.8m
+460.40%
|
($161.1m)
-175.00%
|
($19.6m)
+87.83%
|
|
| Free Cash Flow | — | — | — | — | — | — | ($88.3m) | $61.4m | $15.8m | $114.1m | $20.5m | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | — | $1.6m | ($1.8m) | — | ($1.8m) | |
| Gain Loss On Sale Of Business | — | — | — | — | — | — | $85.9m | $0 | ($1.6m) | ($4.1m) | ($100k) | |
| Investing Cash Flow | — | — | — | — | — | — | $167.5m | ($14.1m) | ($361.6m) | $22.3m | ($2.2m) | |
| Net Business Purchase And Sale | — | — | — | — | — | — | $167.3m | $0 | ($354.8m) | $28.2m | $0 | |
| Net Foreign Currency Exchange Gain Loss | — | — | — | — | — | $0 | $14.9m | $0 | $0 | — | $0 | |
| Net Investment Purchase And Sale | — | — | — | — | — | $5.0m | $0 | $2.0m | — | — | ($2.4m) | |
| Operating Gains Losses | — | — | — | — | — | — | $93.8m | $1.6m | ($7.0m) | ($5.1m) | ($4.5m) | |
| Other Non Cash Items | — | — | — | — | — | — | $3.3m | $3.4m | ($9.4m) | $300k | — | |
| Provisionand Write Offof Assets | — | — | — | — | — | — | $1.5m | $1.6m | ($100k) | $3.3m | $900k | |
| Purchase Of Business | — | — | — | — | — | — | ($149.1m) | $0 | ($431.9m) | $0 | ($4.5m) | |
| Sale Of Business | — | — | — | — | — | — | $316.4m | $0 | $77.1m | $28.2m | $0 | |
| Sale Of Investment | — | — | — | — | — | $5.0m | $0 | $2.0m | — | — | $0 |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.