KELLY SERVICES INC
For the period ended Dec 29, 2024. Filed Feb 13, 2025.
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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.
FY2024 · Filed Feb 13, 2025
KELYB$25.88+1.3%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets at December and 1, 2023
| 2024 | 2023 | |
|---|---|---|
| (In millions of dollars) | ||
| Assets | ||
| Current Assets | ||
| Cash and equivalents | $39.0 | $125.8 |
| Trade accounts receivable, less allowances of $8.4 for both years | 1,255.5 | 1,160.6 |
| Prepaid expenses and other current assets | 71.0 | 48.9 |
| Assets held for sale | — | 291.3 |
| Total current assets | 1,365.5 | 1,626.6 |
| Noncurrent Assets | ||
| Property and equipment: | ||
| Property and equipment | 140.0 | 138.1 |
| Accumulated depreciation | (114.2) | (113.5) |
| Net property and equipment | 25.8 | 24.6 |
| Operating lease right-of-use assets | 47.0 | 47.1 |
| Deferred taxes | 330.1 | 321.1 |
| Retirement plan assets | 258.1 | 230.3 |
| Goodwill, net | 304.2 | 151.1 |
| Intangibles, net | 256.3 | 137.7 |
| Other assets | 45.3 | 43.1 |
| Total noncurrent assets | 1,266.8 | 955.0 |
| Total Assets | $2,632.3 | $2,581.6 |
| 2024 | 2023 | |
|---|---|---|
| (In millions of dollars) | ||
| Liabilities and Stockholders' Equity | ||
| Current Liabilities | ||
| Accounts payable and accrued liabilities | $613.8 | $646.1 |
| Operating lease liabilities | 12.3 | 8.4 |
| Accrued payroll and related taxes | 163.9 | 156.2 |
| Accrued workers' compensation and other claims | 19.0 | 22.1 |
| Income and other taxes | 17.5 | 17.2 |
| Liabilities held for sale | — | 169.9 |
| Total current liabilities | 826.5 | 1,019.9 |
| Noncurrent Liabilities | ||
| Long-term debt | 239.4 | — |
| Operating lease liabilities | 50.9 | 42.9 |
| Accrued workers' compensation and other claims | 33.8 | 40.9 |
| Accrued retirement benefits | 239.9 | 217.4 |
| Other long-term liabilities | 7.2 | 6.8 |
| Total noncurrent liabilities | 571.2 | 308.0 |
| 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 2024 and 2023 | 35.2 | 35.2 |
| Class B common stock, 10.0 million shares authorized; 3.3 million shares issued at 2024 and 2023 | 3.3 | 3.3 |
| Treasury stock, at cost | ||
| Class A common stock, 3.6 million shares at 2024 and 3.2 million shares at 2023 | (60.8) | (56.7) |
| Class B common stock | (0.6) | (0.6) |
| Paid-in capital | 34.2 | 30.6 |
| Earnings invested in the business | 1,230.2 | 1,241.7 |
| Accumulated other comprehensive income (loss) | (6.9) | 0.2 |
| Total stockholders' equity | 1,234.6 | 1,253.7 |
| Total Liabilities and Stockholders' Equity | $2,632.3 | $2,581.6 |
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