Company: KELYB
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000055135-25-000052
Chunk: 5

Company: KELLY SERVICES INC
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 5
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 long-term debt774.4 378.6 Payments on long-term debt(939.5)(168.2)Dividend payments(5.5)(5.4)Payments of tax withholding for stock awards(1.9)(2.1)Other financing activities(0.2)(1.3)Net cash (used in) from financing activities(172.7)201.6 Effect of exchange rates on cash, cash equivalents and restricted cash7.6 (2.7)Net change in cash, cash equivalents and restricted cash(21.1)(122.0)Cash, cash equivalents and restricted cash at beginning of period45.6 167.6 Cash, cash equivalents and restricted cash at end of period (1)$24.5 $45.6 

9 

KELLY SERVICES, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS (continued)

(UNAUDITED)

(In millions of dollars)

(1) The following table provides a reconciliation of cash, cash equivalents and restricted cash to the amounts reported in the Company's consolidated balance sheets:26 Weeks EndedJune 29,2025June 30,2024Reconciliation of cash, cash equivalents and restricted cash:Current assets:Cash and cash equivalents$18.0 $38.2 Restricted cash included in prepaid expenses and other current assets0.5 0.6 Noncurrent assets:Restricted cash included in other assets6.0 6.8 Cash, cash equivalents and restricted cash at end of period$24.5 $45.6 

See accompanying unaudited Notes to Consolidated Financial Statements.

10 

KELLY SERVICES, INC. AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS(UNAUDITED)

1. Basis of PresentationThe accompanying unaudited consolidated financial statements of Kelly Services, Inc. (the “Company,” “Kelly,” “we” or “us”) have been prepared in accordance with Rule 10-01 of Regulation S-X and do not include all the information and notes required by generally accepted accounting principles (“GAAP”) for complete financial statements.  In the opinion of management, all adjustments, including normal recurring adjustments, necessary for a fair statement of the results of the interim periods, have been made.  The results of operations for such interim periods are not necessarily indicative of results of operations for a full year.  The unaud