← 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||||
| Current assets: | |||||||||||
| Cash and Cash Equivalents, at Carrying Value | — | $32.5m | $35.3m | $25.8m | $223.0m | $112.7m | — | $125.8m | $39.0m | $33.0m | |
| Prepaid Expense and Other Assets, Current | — | $65.1m | $71.9m | $76.5m | $61.4m | $52.8m | — | $48.9m | $71.0m | $46.6m | |
| Cash and equivalents | $42.2m | $29.6m | $35.3m | $25.8m | — | $223.0m | $112.7m | $153.7m | $39.0m | $33.0m | |
| Trade accounts receivable, less allowances of $10.0 and $8.4, respectively | $1.1b | $1.1b | $1.3b | $1.3b | — | $1.3b | $1.4b | $1.5b | $1.3b | $1.2b | |
| Prepaid expenses and other current assets | $45.8m | $46.7m | $71.9m | $76.5m | — | $61.4m | $52.8m | $69.9m | $71.0m | $46.6m | |
| Assets, Current | — | $1.4b | $1.4b | $1.4b | $1.5b | $1.6b | — | $1.6b | $1.4b | $1.3b | |
| Total current assets | $1.2b | $1.2b | $1.4b | $1.4b | — | $1.5b | $1.6b | $1.7b | $1.4b | $1.3b | |
| Property, Plant and Equipment, Net | $88.9m | $86.1m | $86.3m | $43.1m | $41.0m | $35.3m | $35.3m | $24.6m | $25.8m | $20.5m | |
| Goodwill | $90.3m | $107.1m | $107.3m | $127.8m | $3.5m | $114.8m | $114.8m | $151.1m | $304.2m | $202.1m | |
| Intangible Assets, Net (Excluding Goodwill) | — | $18.2m | $16.5m | $49.9m | $55.6m | $122.0m | — | $137.7m | $256.3m | $226.2m | |
| Intangibles, net | — | — | — | — | — | — | — | $137.7m | $256.3m | $226.2m | |
| Operating Lease, Right-of-Use Asset | — | — | — | $60.4m | $83.2m | $75.8m | — | $47.1m | $47.0m | $42.9m | |
| Other Assets, Noncurrent | — | $499.9m | $265.2m | $324.1m | $319.9m | $389.1m | — | $411.1m | $45.3m | $37.7m | |
| Operating lease right-of-use assets | — | — | $0 | $60.4m | — | $83.2m | $75.8m | $66.8m | $47.0m | $42.9m | |
| Other assets | $344.0m | $349.4m | $265.2m | $324.1m | — | $319.9m | $389.1m | $403.2m | $45.3m | $37.7m | |
| Additional Financial Items | |||||||||||
| Accounts Receivable, after Allowance for Credit Loss, Current | — | $1.3b | $1.3b | $1.3b | $1.3b | $1.4b | — | $1.2b | $1.3b | $1.2b | |
| Deferred taxes | $0 | $180.1m | $198.7m | $229.1m | — | $282.0m | $302.8m | $299.7m | $330.1m | $163.2m | |
| Retirement plan assets | — | — | — | — | — | — | — | $230.3m | $258.1m | $289.7m | |
| Operating lease liabilities | — | — | $0 | $20.1m | — | $67.5m | $61.4m | $55.0m | $50.9m | $44.9m | |
| Income and other taxes | $60.0m | $51.1m | $62.7m | $65.2m | — | $53.2m | $51.3m | $51.4m | $17.5m | $16.3m | |
| Earnings invested in the business | $813.5m | $923.6m | $1.1b | $1.2b | — | $1.2b | $1.3b | $1.2b | $1.2b | $965.1m | |
| Total noncurrent assets | $712.5m | $813.5m | $913.9m | $1.1b | — | $1.0b | $1.3b | $948.6m | $1.3b | $982.3m | |
| Total noncurrent liabilities | $228.4m | $245.0m | $257.4m | $332.0m | — | $433.3m | $462.8m | $280.8m | $571.2m | $452.3m | |
| Assets | — | $2.4b | $2.3b | $2.5b | $2.6b | $2.9b | — | $2.6b | $2.6b | $2.3b | |
| Total Assets | $1.9b | $2.0b | $2.3b | $2.5b | — | $2.6b | $2.9b | $2.7b | $2.6b | $2.3b | |
| LIABILITIES AND EQUITY | |||||||||||
| Total Liabilities and Stockholders' Equity | $1.9b | $2.0b | $2.3b | $2.5b | — | $2.6b | $2.9b | $2.7b | $2.6b | $2.3b | |
| Current liabilities: | |||||||||||
| Operating Lease, Liability, Current | — | — | — | $20.1m | $19.6m | $17.5m | — | $8.4m | $12.3m | $12.3m | |
| Operating Lease, Liability, Noncurrent | — | — | — | $43.3m | $67.5m | $61.4m | — | $42.9m | $50.9m | $44.9m | |
| Accounts payable and accrued liabilities | $405.5m | $455.1m | $540.6m | $503.6m | — | $536.8m | $687.2m | $723.3m | $613.8m | $631.4m | |
| Accrued payroll and related taxes | $268.1m | $241.5m | $266.0m | $267.6m | — | $58.5m | $57.6m | $0 | $163.9m | $140.9m | |
| Accrued workers' compensation and other claims | — | $49.9m | $50.5m | $45.8m | — | $42.2m | $37.0m | $40.7m | $33.8m | $34.2m | |
| Accrued retirement benefits | $141.0m | $157.4m | $162.9m | $187.4m | — | $205.8m | $220.0m | $174.1m | $239.9m | $263.7m | |
| Liabilities, Current | — | $926.2m | $897.5m | $884.1m | $925.6m | $1.1b | — | $1.0b | $826.5m | $821.8m | |
| Total current liabilities | $815.8m | $771.1m | $897.5m | $884.1m | — | $925.6m | $1.1b | $1.1b | $826.5m | $821.8m | |
| Deferred Income Tax Liabilities, Net | — | — | — | — | $39.7m | $71.6m | — | — | — | — | |
| Other Liabilities, Noncurrent | — | $72.5m | $44.0m | $55.5m | $59.3m | $86.8m | — | $6.8m | $7.2m | $7.6m | |
| Long-term Debt | — | — | — | — | — | — | — | $0 | $239.4m | $101.9m | |
| Other long-term liabilities | $47.4m | $42.1m | $44.0m | $55.5m | — | $59.3m | $86.8m | $11.0m | $7.2m | $7.6m | |
| Stockholders’ equity: | |||||||||||
| Additional Paid in Capital | $40.1m | $32.2m | $24.4m | $22.5m | $21.3m | $23.9m | $40.1m | $30.6m | $34.2m | $36.3m | |
| Retained Earnings (Accumulated Deficit) | — | $983.6m | $1.1b | $1.2b | $1.2b | $1.3b | — | $1.2b | $1.2b | $965.1m | |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | — | $130.8m | ($17.1m) | ($15.8m) | ($4.2m) | ($27.7m) | — | $200k | ($6.9m) | $300k | |
| Treasury stock, value | ($44.3m) | ($39.0m) | ($26.0m) | ($20.9m) | — | ($17.1m) | ($15.1m) | ($20.1m) | ($61.4m) | ($63.7m) | |
| Accumulated other comprehensive income (loss) | $60.7m | $58.7m | ($17.1m) | ($15.8m) | — | ($4.2m) | ($27.7m) | ($8.5m) | ($6.9m) | $300k | |
| Stockholders' Equity Attributable to Parent | — | $1.2b | $1.2b | $1.3b | $1.2b | $1.3b | — | $1.3b | $1.2b | $976.5m | |
| Total stockholders' equity | $895.4m | $1.0b | $1.2b | $1.3b | — | $1.2b | $1.3b | $1.3b | $1.2b | $976.5m | |
| Liabilities and Equity | — | $2.4b | $2.3b | $2.5b | $2.6b | $2.9b | — | $2.6b | $2.6b | $2.3b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.