Company: ASGN
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000890564-25-000039
Chunk: 36

Company: ASGN Inc
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 8
Chunk 36
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.2)(46.4)— (59.6)Acquisition (Note 3)0.5 — 28.7 — — 28.7 Other— — — — 3.4 3.4 Net income— — — 50.2 — 50.2 Balance at June 30, 202543.8 $0.4 $727.1 $1,100.9 $(1.6)$1,826.8 Six Months Ended June 30, 2024Balance at December 31, 202346.7 $0.5 $696.0 $1,195.6 $— $1,892.1 Stock-based compensation expense— — 22.7 — — 22.7 Issuances under equity plans0.4 — 9.5 — — 9.5 Tax withholding on restricted stock vesting— — (10.0)— — (10.0)Stock repurchase and retirement of shares(2.0)— (31.0)(158.4)— (189.4)Other— — — — (2.3)(2.3)Net income— — — 85.3 — 85.3 Balance at June 30, 202445.1 $0.5 $687.2 $1,122.5 $(2.3)$1,807.9 

See notes to condensed consolidated financial statements.

5

ASGN INCORPORATED AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

(in millions)

Six Months EndedJune 30,20252024Cash Flows from Operating ActivitiesNet income$50.2 $85.3 Adjustments to reconcile net income to net cash provided by operating activities:Amortization and depreciation54.3 49.0 Stock-based compensation25.7 22.7 Other7.3 5.6 Changes in operating assets and liabilities:Accounts receivable(18.0)18.0 Prepaid expenses and income taxes(4.6)(6.2)Accounts payable4.6 (9.8)Accrued payroll23.7 (2.7