KELLY SERVICES INC

For the period ended Dec 31, 2023. Filed Feb 20, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 20, 2024

KELYB$25.88+1.3%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Balance Sheets at December 31, 2023 and January

	2023	2022
(In millions of dollars)
Assets
Current Assets
Cash and equivalents	$125.8	$153.7
Trade accounts receivable, less allowances of $8.4 million and $11.2 million, respectively	1,160.6	1,491.6
Prepaid expenses and other current assets	48.9	69.9
Assets held for sale	291.3	—
Total current assets	1,626.6	1,715.2
Noncurrent Assets
Property and equipment:
Property and equipment	138.1	166.8
Accumulated depreciation	(113.5)	(139.0)
Net property and equipment	24.6	27.8
Operating lease right-of-use assets	47.1	66.8
Deferred taxes	321.1	299.7
Goodwill, net	151.1	151.1
Other assets	411.1	403.2
Total noncurrent assets	955.0	948.6
Total Assets	$2,581.6	$2,663.8

	2023	2022
(In millions of dollars)
Liabilities and Stockholders' Equity
Current Liabilities
Short-term borrowings	$—	$0.7
Accounts payable and accrued liabilities	646.1	723.3
Operating lease liabilities	8.4	14.7
Accrued payroll and related taxes	156.2	315.8
Accrued workers' compensation and other claims	22.1	22.9
Income and other taxes	17.2	51.4
Liabilities held for sale	169.9	—
Total current liabilities	1,019.9	1,128.8
Noncurrent Liabilities
Operating lease liabilities	42.9	55.0
Accrued workers' compensation and other claims	40.9	40.7
Accrued retirement benefits	217.4	174.1
Other long-term liabilities	6.8	11.0
Total noncurrent liabilities	308.0	280.8
Commitments and contingencies (See Commitments and Contingencies footnotes)
Stockholders' Equity
Capital stock, $1.00 par value
Class A common stock, 100.0 million shares authorized; 35.2 million shares issued at 2023 and 35.1 million shares issued at 2022	35.2	35.1
Class B common stock, 10.0 million shares authorized; 3.3 million shares issued at 2023 and 3.4 million shares issued at 2022	3.3	3.4
Treasury stock, at cost
Class A common stock, 3.2 million shares at 2023 and 1.0 million shares at 2022	(56.7)	(19.5)
Class B common stock	(0.6)	(0.6)
Paid-in capital	30.6	28.0
Earnings invested in the business	1,241.7	1,216.3
Accumulated other comprehensive income (loss)	0.2	(8.5)
Total stockholders' equity	1,253.7	1,254.2
Total Liabilities and Stockholders' Equity	$2,581.6	$2,663.8

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.