Kelly Services, Inc. (KELYA) Financial Statements (2023 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)
| 6/30/2023 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 investments | 154 | 113 | 223 | 26 | 35 | 33 | |||
| Cash and cash equivalents | 154 | 113 | 223 | 26 | 35 | 33 | |||
| Restricted cash and investments | 0 | 0 | |||||||
| Receivables | 1,492 | 1,423 | 1,265 | 1,282 | 1,293 | 1,287 | |||
| Other undisclosed current assets | 70 | 53 | 61 | 98 | 72 | 65 | |||
| Total current assets: | 1,715 | 1,589 | 1,550 | 1,406 | 1,401 | 1,384 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 7 | 4 | ✕ | ✕ | |||||
| Operating lease, right-of-use asset | 67 | 76 | 83 | 60 | ✕ | ✕ | |||
| Property, plant and equipment | 28 | 35 | 41 | 43 | 86 | 86 | |||
| Long-term investments and receivables | 388 | 119 | 122 | 128 | 117 | ||||
| Long-term investments | 388 | 119 | 122 | 128 | 117 | ||||
| Intangible assets, net (including goodwill) | 151 | 115 | 4 | 128 | 107 | 107 | |||
| Goodwill | 151 | 115 | 4 | 128 | 107 | 107 | |||
| Restricted cash and investments | 5 | 5 | 5 | ||||||
| Deferred income tax assets | 300 | 303 | 282 | ✕ | ✕ | ||||
| Other noncurrent assets | 403 | 389 | 320 | 324 | 265 | 500 | |||
| Deferred tax assets, net | ✕ | ✕ | ✕ | ✕ | ✕ | 199 | 183 | ||
| Other undisclosed noncurrent assets | 152 | 389 | 123 | ||||||
| Total noncurrent assets: | 949 | 1,306 | 1,012 | 1,075 | 914 | 994 | |||
| TOTAL ASSETS: | 2,664 | 2,894 | 2,562 | 2,481 | 2,314 | 2,378 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 723 | 687 | 537 | 504 | 541 | 538 | |||
| Taxes payable | ✕ | ✕ | 51 | 53 | 65 | 63 | 65 | ||
| Employee-related liabilities | ✕ | ✕ | 318 | 293 | 268 | 266 | 287 | ||
| Accrued liabilities | 367 | ||||||||
| Other undisclosed accounts payable and accrued liabilities | 356 | 318 | 191 | 171 | 212 | 185 | |||
| Debt | 2 | 2 | 2 | 23 | 2 | 10 | |||
| Other undisclosed current liabilities | 404 | 406 | 387 | 357 | 355 | 378 | |||
| Total current liabilities: | 1,129 | 1,095 | 926 | 884 | 898 | 926 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 61 | 70 | 43 | ||||||
| Finance lease, liability | 3 | ✕ | ✕ | ||||||
| Liabilities, other than long-term debt | 281 | 344 | 347 | 289 | 257 | 301 | |||
| Accounts payable and accrued liabilities | 41 | 37 | 42 | 46 | 51 | 50 | |||
| Deferred compensation liability, classified | 174 | 220 | 206 | 187 | 163 | 178 | |||
| Deferred income tax liabilities | 40 | ✕ | ✕ | ||||||
| Other liabilities | 11 | 87 | 59 | 56 | 44 | 73 | |||
| Operating lease, liability | 55 | 61 | 68 | 43 | ✕ | ✕ | |||
| Other undisclosed noncurrent liabilities | 58 | 16 | |||||||
| Total noncurrent liabilities: | 281 | 463 | 433 | 332 | 257 | 301 | |||
| Total liabilities: | 1,410 | 1,558 | 1,359 | 1,216 | 1,155 | 1,227 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 1,254 | 1,336 | 1,203 | 1,265 | 1,160 | 1,152 | |||
| Additional paid in capital | 28 | 24 | 21 | 23 | 24 | 32 | |||
| Accumulated other comprehensive income (loss) | (9) | (28) | (4) | (16) | (17) | 131 | |||
| Retained earnings | 1,216 | 1,315 | 1,163 | 1,239 | 1,138 | 984 | |||
| Other undisclosed equity, attributable to parent | 18 | 25 | 23 | 19 | 14 | 5 | |||
| Total equity: | 1,254 | 1,336 | 1,203 | 1,265 | 1,160 | 1,152 | |||
| TOTAL LIABILITIES AND EQUITY: | 2,664 | 2,894 | 2,562 | 2,481 | 2,314 | 2,378 | |||
Income Statement (P&L) ($ in millions)
| 6/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 4,965 | 4,910 | 4,516 | 5,356 | 5,514 | 5,374 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 5,374 | |
| Cost of revenue (Cost of Goods and Services Sold) | (3,954) | (3,991) | (3,688) | (4,387) | (4,542) | (4,420) | ||
| Gross profit: | 1,012 | 919 | 828 | 968 | 972 | 954 | ||
| Operating expenses | (978) | (852) | (921) | (887) | (885) | (871) | ||
| Other undisclosed operating loss | (19) | (19) | ||||||
| Operating income (loss): | 15 | 49 | (94) | 82 | 87 | 83 | ||
| Nonoperating income (expense) | (66) | 118 | 3 | (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 | 1 | 5 | 1 | (4) | 5 | 3 | ||
| 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) | 112 | 23 | 72 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | 156 | (72) | 112 | 23 | 72 | ||
| Net income (loss) available to common stockholders, diluted: | (63) | 156 | (72) | 112 | 23 | 72 | ||
Comprehensive Income ($ in millions)
| 6/30/2023 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) | 112 | 23 | 72 | ||
| Other comprehensive income (loss) | 19 | (24) | 12 | 1 | (8) | 72 | ||
| Other undisclosed comprehensive income | ||||||||
| Comprehensive income (loss): | (43) | 133 | (60) | 114 | 15 | 144 | ||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | ||||||||
| Comprehensive income (loss), net of tax, attributable to parent: | (43) | 133 | (60) | 114 | 15 | 144 | ||
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.