Kforce, Inc. (KFRC) Financial Statements (2024 and earlier)

Company Profile

Business Address 1150 ASSEMBLY DRIVE
TAMPA, FL 33607
State of Incorp. FL
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 thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1471711215,08929,974116,627
Cash and cash equivalents1471711215,08929,974116,627
Receivables250,564266,525269,531281,159285,727281,307
Other undisclosed current assets8,7438,2138,10810,01910,5927,520
Total current assets:259,454274,909277,760296,267326,293405,454
Noncurrent Assets
Property, plant and equipment10,16010,0368,6476,5006,5666,586
Intangible assets, net (including goodwill)25,04025,04025,04025,04025,04025,040
Goodwill25,04025,04025,04025,04025,04025,040
Deferred income tax assets2,7803,4854,7863,2721,466 
Other noncurrent assets70,63671,68275,77181,75882,68792,414
Total noncurrent assets:108,616110,243114,244116,570115,759124,040
TOTAL ASSETS:368,070385,152392,004412,837442,052529,494
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities60,24769,61572,79273,03094,61690,328
Accounts payable46,29647,96749,60052,03256,53748,855
Accrued liabilities13,95121,64823,19220,99838,07941,473
Deferred compensation liability   4,100   
Other liabilities    222937
Other undisclosed current liabilities43,99456,14254,54189,93494,87192,833
Total current liabilities:104,241125,757131,433162,986189,516183,198
Noncurrent Liabilities
Long-term debt and lease obligation24,600 25,600  100,000
Long-term debt, excluding current maturities24,600 25,600  100,000
Liabilities, other than long-term debt51,61151,37052,77340,87542,00348,091
Deferred income tax liabilities      665
Other liabilities51,61151,37052,77340,87542,00347,426
Other undisclosed noncurrent liabilities  22,300    
Total noncurrent liabilities:76,21173,67078,37340,87542,003148,091
Total liabilities:180,452199,427209,806203,861231,519331,289
Equity
Equity, attributable to parent187,618185,725182,198208,976210,533198,205
Common stock732732732730730730
Treasury stock, value(843,473)(829,209)(819,038)(786,525)(764,020)(753,798)
Additional paid in capital517,422512,572507,734502,909497,927492,985
Accumulated other comprehensive income   6662,923
Retained earnings512,937501,630492,764491,856475,890455,365
Total equity:187,618185,725182,198208,976210,533198,205
TOTAL LIABILITIES AND EQUITY:368,070385,152392,004412,837442,052529,494

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues389,190405,997419,662437,620436,516416,967
Cost of revenue(278,924)(292,021)(300,183)(310,950)(305,444)(293,081)
Gross profit:110,266113,976119,479126,670131,072123,886
Other undisclosed operating loss(84,333)(90,573)(95,526)(95,351)(97,223)(96,142)
Operating income:25,93323,40323,95331,31933,84927,744
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(313)(1,045)(14,756)(906)2,672(1,433)
Income from continuing operations before equity method investments, income taxes:25,62022,3589,19730,41336,52126,311
Income (loss) from equity method investments   2,737  (825)
Other undisclosed income (loss) from continuing operations before income taxes   (2,737)  825
Income from continuing operations before income taxes:25,62022,3589,19730,41336,52126,311
Income tax expense(7,046)(6,148)(2,125)(8,151)(9,605)(7,130)
Income from continuing operations:18,57416,2107,07222,26226,91619,181
Income before gain (loss) on sale of properties:22,26226,91619,181
Net income available to common stockholders, diluted:18,57416,2107,07222,26226,91619,181

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income:18,57416,2107,07222,26226,91619,181
Other comprehensive loss     (989) 
Comprehensive income:18,57416,2107,07222,26225,92719,181
Other undisclosed comprehensive income (loss), net of tax, attributable to parent     (1,928)2,302
Comprehensive income, net of tax, attributable to parent:18,57416,2107,07222,26223,99921,483

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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