Company: KELYB
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000055135-25-000052
Chunk: 4

Company: KELLY SERVICES INC
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 4
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1,266.7 Accumulated Other Comprehensive Income (Loss)  Balance at beginning of period(5.6)(0.5)(6.9)0.2 Other comprehensive income (loss), net of tax5.0 (2.0)6.3 (2.7)Balance at end of period(0.6)(2.5)(0.6)(2.5)Stockholders’ Equity at end of period$1,266.1 $1,279.9 $1,266.1 $1,279.9 

See accompanying unaudited Notes to Consolidated Financial Statements.

8 

KELLY SERVICES, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(UNAUDITED)

(In millions of dollars) 26 Weeks Ended June 29,2025June 30,2024Cash flows from operating activities:  Net earnings$24.8 $30.4 Adjustments to reconcile net earnings to net cash from operating activities:  Asset impairment charge— 5.5 Depreciation and amortization21.5 17.6 Operating lease asset amortization5.4 4.6 Provision for credit losses and sales allowances3.2 (0.2)Stock-based compensation7.2 5.2 Gain on sale of EMEA staffing operations(4.0)(1.6)Gain on sale of assets— (5.5)Gain on forward contract— (1.2)Other, net(0.1)(1.1)Changes in operating assets and liabilities, net of acquisition61.3 (21.5)Net cash from operating activities119.3 32.2 Cash flows from investing activities:  Capital expenditures(4.5)(6.7)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— 4.4 Acquisition of company, net of cash received— (427.4)Payment for settlement of forward contract— (2.4)Other investing activities1.0 1.9 Net cash from (used in) investing activities24.7 (353.1)Cash flows from financing activities:  Proceeds from