Company: ASGN
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000890564-25-000063
Chunk: 42

Company: ASGN Inc
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 8
Chunk 42
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 Changes in operating assets and liabilities:Accounts receivable(38.5)52.6 Prepaid expenses and income taxes(0.8)0.6 Accounts payable11.6 (7.2)Accrued payroll27.2 0.9 Income taxes payable27.2 17.2 Other(19.0)(9.3)Net cash provided by operating activities225.6 299.8 Cash Flows from Investing ActivitiesCash paid for property and equipment(31.2)(24.0)Cash paid for acquisitions, net of cash acquired(306.1)— Net cash used in investing activities(337.3)(24.0)Cash Flows from Financing ActivitiesProceeds from long-term debt365.0 — Principal payments of long-term debt(230.4)(3.8)Proceeds from employee stock purchase plan14.2 17.2 Repurchase of common stock(105.9)(283.3)Payment of employment taxes related to release of restricted stock awards(7.8)(13.7)Other(3.3)— Net cash provided by (used in) financing activities31.8 (283.6)Effect of exchange rate changes on cash and cash equivalents1.2 (1.5)Net Decrease in Cash and Cash Equivalents(78.7)(9.3)Cash and Cash Equivalents at Beginning of Year 205.2 175.9 Cash and Cash Equivalents at End of Period$126.5 $166.6 

Supplemental Disclosure of Cash Flow InformationCash paid for —Income taxes$6.6 $22.8 Interest$44.3 $41.4 Operating leases$18.5 $17.6 Noncash transactions —Operating lease right of use assets obtained in exchange for operating lease liabilities$14.7 $13.6 

See notes to condensed consolidated financial statements.

6

ASGN INCORPORATED AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

1. General

Basis of Presentation — The accompanying unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") and the rules of the Securities and Exchange Commission. Certain information and note disclosures normally included in annual financial statements prepared in accordance with GAAP have