Kelly Services, Inc. (KELYA) Financial Statements (2024 and earlier)

Company Profile

Business Address 999 W BIG BEAVER RD
TROY, MI 48084
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 7363 - Help Supply Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments154113223263533
Cash and cash equivalents154113223263533
Restricted cash and investments00    
Receivables1,4921,4231,2651,2821,2931,287
Other undisclosed current assets705361987265
Total current assets:1,7151,5891,5501,4061,4011,384
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization   74
Operating lease, right-of-use asset67768360
Property, plant and equipment283541438686
Long-term investments and receivables  388119122128117
Long-term investments  388119122128117
Intangible assets, net (including goodwill)1511154128107107
Goodwill1511154128107107
Restricted cash and investments   555 
Deferred income tax assets300303282 
Other noncurrent assets403389320324265500
Deferred tax assets, net199183
Other undisclosed noncurrent assets   152389123 
Total noncurrent assets:9491,3061,0121,075914994
TOTAL ASSETS:2,6642,8942,5622,4812,3142,378
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:723687537504541538
Taxes payable5153656365
Employee-related liabilities318293268266287
Accrued liabilities367     
Other undisclosed accounts payable and accrued liabilities356318191171212185
Debt 22223210
Other undisclosed current liabilities404406387357355378
Total current liabilities:1,1291,095926884898926
Noncurrent Liabilities
Long-term debt and lease obligation  617043  
Finance lease, liability   3 
Liabilities, other than long-term debt281344347289257301
Accounts payable and accrued liabilities413742465150
Deferred compensation liability, classified174220206187163178
Deferred income tax liabilities   40 
Other liabilities118759564473
Operating lease, liability55616843
Other undisclosed noncurrent liabilities  5816   
Total noncurrent liabilities:281463433332257301
Total liabilities:1,4101,5581,3591,2161,1551,227
Equity
Equity, attributable to parent, including:1,2541,3361,2031,2651,1601,152
Additional paid in capital282421232432
Accumulated other comprehensive income (loss)(9)(28)(4)(16)(17)131
Retained earnings1,2161,3151,1631,2391,138984
Other undisclosed equity, attributable to parent18252319145
Total equity:1,2541,3361,2031,2651,1601,152
TOTAL LIABILITIES AND EQUITY:2,6642,8942,5622,4812,3142,378

Income Statement (P&L) ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues4,9654,9104,5165,3565,5145,374
Revenue, net5,374
Cost of revenue
(Cost of Goods and Services Sold)
(3,954)(3,991)(3,688)(4,387)(4,542)(4,420)
Gross profit:1,012919828968972954
Operating expenses(978)(852)(921)(887)(885)(871)
Other undisclosed operating loss (19)(19)    
Operating income (loss):1549(94)828783
Nonoperating income (expense)(66)1183(1)(1)(2)
Investment income, nonoperating (67)122    
Other nonoperating income (expense)2(4)3(1)(1)(2)
Interest and debt expense(2)(3)(3)(4)(3)(3)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(18)22(14)40(93)3
Income (loss) from continuing operations before equity method investments, income taxes:(71)186(107)116(9)82
Income (loss) from equity method investments 151(4)53
Income (loss) from continuing operations before income taxes:(70)191(106)113(4)84
Income tax expense (benefit)8(35)34(0)27(13)
Income (loss) from continuing operations:(63)156(72)1122372
Income (loss) before gain (loss) on sale of properties:156(72)1122372
Net income (loss) attributable to parent:(63)156(72)1122372
Other undisclosed net loss available to common stockholders, basic      
Net income (loss) available to common stockholders, diluted:(63)156(72)1122372

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(63)156(72)1122372
Other comprehensive income (loss) 19(24)121(8)72
Other undisclosed comprehensive income      
Comprehensive income (loss):(43)133(60)11415144
Other undisclosed comprehensive loss, net of tax, attributable to parent      
Comprehensive income (loss), net of tax, attributable to parent:(43)133(60)11415144

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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