Company: KELYB
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0000055135-25-000080
Chunk: 4

Company: KELLY SERVICES INC
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 4
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8.3)(8.2)Balance at end of period1,096.6 1,264.7 1,096.6 1,264.7 Accumulated Other Comprehensive Income (Loss)  Balance at beginning of period(0.6)(2.5)(6.9)0.2 Other comprehensive income (loss), net of tax(0.2)1.2 6.1 (1.5)Balance at end of period(0.8)(1.3)(0.8)(1.3)Stockholders’ Equity at end of period$1,115.1 $1,281.9 $1,115.1 $1,281.9 

See accompanying unaudited Notes to Consolidated Financial Statements.

8 

KELLY SERVICES, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(UNAUDITED)

(in millions) 39 Weeks Ended September 28,2025September 29,2024Cash flows from operating activities:  Net earnings (loss)$(125.3)$31.2 Adjustments to reconcile net earnings to net cash from operating activities:  Goodwill impairment charge102.0 — Asset impairment charge— 5.5 Deferred income taxes41.3 12.8 Depreciation and amortization32.0 28.7 Operating lease asset amortization8.1 7.7 Provision for credit losses and sales allowances4.1 0.6 Stock-based compensation9.8 8.5 Gain on sale of EMEA staffing operations(4.3)(1.6)Gain on sale of assets— (5.4)Gain on forward contract— (1.2)Other, net(0.1)— Changes in operating assets and liabilities, net of acquisition26.4 (74.9)Net cash from operating activities94.0 11.9 Cash flows from investing activities:  Capital expenditures(6.8)(9.1)Proceeds from sale of EMEA staffing operations, net of cash disposed21.8 77.1 Proceeds from sale of PersolKelly investment6.4 — Proceeds from sale of assets— 4.3 Acquisition of company, net of cash received— (427.4)Payment for settlement of forward