Company: KELYB
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000055135-25-000016
Chunk: 1

Company: KELLY SERVICES INC
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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 AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS 

(UNAUDITED)

(In millions)March 30,2025December 29, 2024AssetsCurrent Assets  Cash and equivalents$28.2 $39.0 Trade accounts receivable, less allowances of $10.6 and $8.4, respectively1,250.9 1,255.5 Prepaid expenses and other current assets71.9 71.0 Total current assets1,351.0 1,365.5 Noncurrent AssetsProperty and equipment:Property and equipment139.9 140.0 Accumulated depreciation(116.2)(114.2)Net property and equipment23.7 25.8 Operating lease right-of-use assets45.9 47.0 Deferred taxes331.1 330.1 Retirement plan assets253.8 258.1 Goodwill304.1 304.2 Intangibles, net248.4 256.3 Other assets36.9 45.3 Total noncurrent assets1,243.9 1,266.8 Total Assets$2,594.9 $2,632.3  

See accompanying unaudited Notes to Consolidated Financial Statements.

6 

KELLY SERVICES, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS 

(UNAUDITED)

(In millions)March 30,2025December 29, 2024Liabilities and Stockholders’ EquityCurrent Liabilities  Accounts payable and accrued liabilities$597.0 $613.8 Operating lease liabilities12.2 12.3 Accrued payroll and related taxes178.7 163.9 Accrued workers’ compensation and other claims18.0 19.0 Income and other taxes17.0 17.5 Total current liabilities822.9 826.5 Noncurrent Liabilities  Long-term debt204.6 239.4 Operating lease liabilities49.3 50.9 Accrued workers’ compensation and other claims32.0 33.8 Accrued retirement benefits236.4 239.9 Other long-term liabilities9.2 7.2 Total noncurrent liabilities531.5 571.2 Commitments and contingencies (see Contingencies footnote)Stockholders’ Equity