Company: KELYB
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0000055135-25-000007
Chunk: 52

Company: KELLY SERVICES INC
Filing Date: 2025-02-13
Form: 10-K
Item: Item 8
Chunk 52
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 The benefit recognized in 2022 was not significant.  Accrued interest and penalties were $0.2 million at year-end 2024 and $0.2 million at year-end 2023.The Company files income tax returns in the U.S. and in various states and foreign countries.  The tax periods open to examination by the major taxing jurisdictions to which the Company is subject include the U.S. for fiscal years 2021 forward, Canada for fiscal years 2017 forward, Puerto Rico for fiscal years 2020 forward and Mexico for fiscal years 2019 forward.The Company and its subsidiaries have various income tax returns in the process of examination.  The unrecognized tax benefit and related interest and penalty balances include an insignificant amount for 2024, related to tax positions which are reasonably possible to change within the next twelve months due to income tax audits, settlements and statute expirations.

20. Supplemental Cash Flow InformationChanges in operating assets and liabilities, net of acquisitions, as disclosed in the statements of cash flows, for the fiscal years 2024, 2023 and 2022, respectively, were as follows: 202420232022 (In millions of dollars)(Increase) decrease in trade accounts receivable$(20.9)$147.2 $(99.3)(Increase) decrease in prepaid expenses and other assets2.8 (10.7)(24.6)(Increase) decrease in ROU assets0.2 (2.2)(0.1)Increase (decrease) in accounts payable and accrued liabilities(31.1)(62.5)44.3 Increase (decrease) in operating lease liabilities(12.1)(14.3)(18.7)Increase (decrease) in accrued payroll and related taxes(13.6)(59.8)(59.3)Increase (decrease) in accrued workers’ compensation and other claims0.7 0.3 (5.2)Increase (decrease) in income and other taxes(3.2)— 21.9 Total changes in operating assets and liabilities, net of acquisitions$(77.2)$(2.0)$(141.0)

91

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

The Company paid interest of $10.0 million in 2024, $2.8 million in 2023 and $1.3 million in 2022