KELLY SERVICES INC
For the period ended Mar 30, 2025. Filed May 8, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 30, 2025 · Filed May 8, 2025
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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Consolidated Balance Sheets
(In millions)
| March 30,2025 | December 29, 2024 | |
|---|---|---|
| Assets | ||
| Current Assets | ||
| Cash and equivalents | $28.2 | $39.0 |
| Trade accounts receivable, less allowances of $10.6 and $8.4, respectively | 1,250.9 | 1,255.5 |
| Prepaid expenses and other current assets | 71.9 | 71.0 |
| Total current assets | 1,351.0 | 1,365.5 |
| Noncurrent Assets | ||
| Property and equipment: | ||
| Property and equipment | 139.9 | 140.0 |
| Accumulated depreciation | (116.2) | (114.2) |
| Net property and equipment | 23.7 | 25.8 |
| Operating lease right-of-use assets | 45.9 | 47.0 |
| Deferred taxes | 331.1 | 330.1 |
| Retirement plan assets | 253.8 | 258.1 |
| Goodwill | 304.1 | 304.2 |
| Intangibles, net | 248.4 | 256.3 |
| Other assets | 36.9 | 45.3 |
| Total noncurrent assets | 1,243.9 | 1,266.8 |
| Total Assets | $2,594.9 | $2,632.3 |
CONSOLIDATED BALANCE SHEETS
(In millions)
| March 30,2025 | December 29, 2024 | |
|---|---|---|
| Liabilities and Stockholders’ Equity | ||
| Current Liabilities | ||
| Accounts payable and accrued liabilities | $597.0 | $613.8 |
| Operating lease liabilities | 12.2 | 12.3 |
| Accrued payroll and related taxes | 178.7 | 163.9 |
| Accrued workers’ compensation and other claims | 18.0 | 19.0 |
| Income and other taxes | 17.0 | 17.5 |
| Total current liabilities | 822.9 | 826.5 |
| Noncurrent Liabilities | ||
| Long-term debt | 204.6 | 239.4 |
| Operating lease liabilities | 49.3 | 50.9 |
| Accrued workers’ compensation and other claims | 32.0 | 33.8 |
| Accrued retirement benefits | 236.4 | 239.9 |
| Other long-term liabilities | 9.2 | 7.2 |
| Total noncurrent liabilities | 531.5 | 571.2 |
| Commitments and contingencies (see Contingencies footnote) | ||
| Stockholders’ Equity | ||
| Capital stock, $1.00 par value | ||
| Class A common stock, 100.0 million shares authorized; 35.2 million shares issued at 2025 and 2024 | 35.2 | 35.2 |
| Class B common stock, 10.0 million shares authorized; 3.3 million shares issued at 2025 and 2024 | 3.3 | 3.3 |
| Treasury stock, at cost | ||
| Class A common stock, 3.3 million shares at 2025 and 3.6 million shares at 2024 | (55.5) | (60.8) |
| Class B common stock | (0.6) | (0.6) |
| Paid-in capital | 30.5 | 34.2 |
| Earnings invested in the business | 1,233.2 | 1,230.2 |
| Accumulated other comprehensive income (loss) | (5.6) | (6.9) |
| Total stockholders’ equity | 1,240.5 | 1,234.6 |
| Total Liabilities and Stockholders’ Equity | $2,594.9 | $2,632.3 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.