Company: ASGN
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000890564-25-000039
Chunk: 16

Company: ASGN Inc
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 1
Chunk 16
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 for a fair presentation of the financial position of ASGN Incorporated and its subsidiaries ("ASGN" or the "Company") and its results of operations for the interim dates and periods set forth herein. The results for any of the interim periods are not necessarily indicative of the results to be expected for the full year or any other period. This Quarterly Report on Form 10-Q should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended December 31, 2024 ("2024 10-K"). 

2. Balance Sheet Details

The table below presents selected balance sheet account balances (in millions):June 30,2025December 31,2024Other current assets:Prepaid expenses and income taxes$50.5 $44.6 Other35.6 17.1 $86.1 $61.7 Other non-current assets:Operating lease right-of-use assets$64.5 $61.9 Other22.4 33.9 $86.9 $95.8 Other current liabilities:Accounts payable$33.5 $27.2 Operating lease liabilities20.4 19.5Contract liabilities37.9 17.6Other97.0 84.8$188.8 $149.1 Other long-term liabilities:Operating lease liabilities$48.2 $46.9 Other1.8 17.3 $50.0 $64.2 

During the three months ended June 30, 2025, the Company terminated its deferred compensation plan (“DCP”). The final distribution of all participant account assets will occur in June 2026. As of June 30, 2025, the plan assets and liabilities were $18.2 million and were included in other current assets and other current liabilities on the condensed consolidated balance sheet. As of December 31, 2024, the plan assets and liabilities were $17.8 million, of which $1.7 million was included in other current assets and other current liabilities, and the remaining $16.1 million was included in other non-current assets and other long-term liabilities on the condensed consolidated balance sheet. 

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3. Acquisition

On March 4, 2025, the Company acquired TopBloc, LLC (“TopBloc”), a leading, tech-enabled Workday consultancy, for $340.0 million, consisting of 90 percent cash and 10