Company: ASGN
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000890564-25-000028
Chunk: 10

Company: ASGN Inc
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 1
Chunk 10
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— — 20.9 — 20.9 Balance at March 31, 202543.9 $0.4 $719.0 $1,078.1 $(4.2)$1,793.3 Three Months Ended March 31, 2024Balance at December 31, 202346.7 $0.5 $696.0 $1,195.6 $— $1,892.1 Stock-based compensation expense— — 11.7 — — 11.7 Issuances under equity plans0.3 — 9.5 — — 9.5 Tax withholding on restricted stock vesting— — (8.5)— — (8.5)Stock repurchase and retirement of shares(0.8)— (13.0)(68.3)— (81.3)Other— — — — (0.2)(0.2)Net income— — — 38.1 — 38.1 Balance at March 31, 202446.2 $0.5 $695.7 $1,165.4 $(0.2)$1,861.4 

See notes to condensed consolidated financial statements.

5

ASGN INCORPORATED AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

(in millions)

Three Months EndedMarch 31,20252024Cash Flows from Operating ActivitiesNet income$20.9 $38.1 Adjustments to reconcile net income to net cash provided by operating activities:Amortization and depreciation25.6 24.5 Stock-based compensation13.8 11.7 Other6.1 3.1 Changes in operating assets and liabilities:Accounts receivable(31.7)15.2 Prepaid expenses and income taxes(3.0)6.0 Accounts payable(2.3)(6.8)Accrued payroll(9.1)(4.0)Other(3.5)(14.5)Net cash provided by operating activities16.8 73.3 Cash Flows from Investing ActivitiesCash paid for property and equipment(10.2)(10.8)Cash paid for acquisitions, net of cash acquired(306.1