KELLY SERVICES, INC. KELYA Cash Flow

Kelly services, inc. (KELYA)

CashFlow / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jul'18	Apr'18	Dec'17	Sep'17	Jun'17	Mar'17	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11
Cash flows from operating activities:
Net earnings (loss)
-62,900	112,400	71,500	115,100	15,900	22,900	64,500	54,400	88,500	71,600	73,700	131,600	121,800	135,200	63,400	61,300	53,800	36,600	28,900	24,900	23,700	23,900	41,300	48,500	58,900	50,600	48,400	53,400	50,100	65,300	68,400	72,200	63,700	0	0	0
Adjustments to reconcile net earnings (loss) to net cash from operating activities:
Goodwill impairment charge
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes on goodwill impairment charge
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
30,000	31,600	30,500	28,900	27,500	26,200	25,700	25,000	23,700	22,700	21,800	21,000	21,000	21,700	22,200	22,400	22,300	22,100	21,900	21,900	21,700	21,200	20,700	20,400	20,400	20,900	21,200	21,900	22,300	24,300	59,300	28,800	31,400	0	0	0
Operating lease asset amortization
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for bad debts
3,400	4,100	4,900	3,300	1,600	3,000	3,300	4,200	5,800	5,600	8,500	10,400	10,800	6,500	5,100	4,200	3,700	5,000	4,800	4,900	5,300	4,500	4,100	3,200	2,000	1,000	1,000	1,300	1,100	2,000	7,100	3,300	4,300	0	0	0
Stock-based compensation
3,600	5,600	6,100	8,600	8,800	8,100	9,000	9,600	7,200	9,100	9,400	9,900	11,900	10,900	9,300	9,400	7,900	5,800	4,900	4,800	5,300	5,200	4,700	4,300	3,800	3,800	5,300	4,600	4,800	4,800	8,600	4,600	4,600	0	0	0
(Gain) loss on investment in Persol Holdings
-55,200	35,800	-48,100	7,000	-106,700	-96,200	-13,000	-28,800	23,700	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Gain) loss on sale of assets
44,400	12,300	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity in net (earnings) loss of PersolKelly Pte. Ltd.
-4,700	-3,600	200	3,100	3,300	5,200	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other, net
-700	400	800	800	1,300	800	-1,500	-100	-500	-200	4,000	3,700	4,000	6,200	5,100	4,200	4,700	4,200	3,200	3,100	2,200	-1,200	-600	-700	-600	0	0	0	-	-	-	-	2,600	0	0	0
Changes in operating assets and liabilities, net of acquisitions
44,900	26,400	14,900	-5,000	27,500	41,500	33,300	51,900	49,800	29,800	72,400	46,600	37,700	14,100	-9,900	19,400	45,900	1,000	19,500	22,200	97,000	40,300	18,100	28,900	-59,200	25,700	46,400	36,900	26,300	33,600	135,000	41,600	55,000	0	0	0
Net cash from operating activities
89,400	102,200	102,300	101,700	86,700	61,400	71,100	59,600	42,100	70,800	44,400	42,800	44,000	55,000	93,000	61,900	25,300	37,500	11,000	4,400	-70,000	-15,600	22,000	18,600	115,300	62,100	41,000	53,600	61,100	34,400	31,800	37,500	19,100	0	0	0
Cash flows from investing activities:
Capital expenditures
18,800	20,000	21,500	24,000	25,200	25,600	27,800	27,600	26,400	24,600	19,600	15,700	14,000	12,400	14,500	15,800	16,900	19,000	19,500	21,000	21,700	23,300	21,200	20,500	20,000	19,300	19,400	20,300	21,500	19,300	18,900	16,900	15,400	0	0	0
Acquisition of companies, net of cash received
36,300	86,400	86,400	86,400	86,400	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment in equity securities
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of assets
69,300	13,800	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment in PersolKelly equity affiliate
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,700	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Other investing activities
-400	-700	-700	800	-500	100	600	400	100	-200	-100	-100	0	200	500	300	200	400	300	100	-200	600	200	900	800	0	0	0	-	-	-	0	-	-	-	-
Net cash used in investing activities
11,900	-94,300	-92,000	-98,500	-115,200	-29,800	-36,300	-64,600	-63,100	-61,000	-51,600	7,700	9,300	6,200	-15,000	-16,600	-17,600	-20,200	-20,600	-26,200	-27,200	-29,300	-26,800	-22,000	-20,800	-26,000	-26,200	-26,300	-28,100	-25,500	-25,100	-22,600	-20,700	0	0	0
Cash flows from financing activities:
Net change in short-term borrowings
-72,400	-300	9,300	17,700	41,000	-7,800	-15,700	1,000	33,300	10,100	15,800	-26,100	-39,500	-68,700	-62,400	-40,100	-34,700	-10,300	1,300	26,400	63,900	30,700	6,300	4,400	-35,800	-25,400	-5,000	-43,300	-31,900	4,700	-500	28,600	79,200	0	0	0
Financing lease payments
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	68,300	0	0	0
Dividend payments
11,900	11,900	11,900	11,800	11,900	11,800	11,700	11,700	11,600	11,600	11,700	11,700	11,700	9,700	8,700	7,700	7,700	7,600	7,600	7,600	7,600	7,600	7,600	7,600	7,600	7,600	7,600	7,600	7,600	0	0	0	-	-	-	-
Payments of tax withholding for stock awards
1,300	2,500	2,900	3,000	3,000	6,900	6,400	7,500	7,500	1,800	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other financing activities
0	-	-	0	0	-	-	-	-	-100	-800	-600	-400	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,000	0	0	0
Net cash from (used in) financing activities
-87,400	-16,100	-5,900	2,600	26,100	-26,500	-33,800	-18,200	14,200	-3,400	1,500	-41,100	-54,300	-81,900	-72,500	-49,400	-44,000	-17,800	-6,000	19,100	56,600	22,900	-1,600	-3,500	-43,700	-32,700	-12,500	-50,800	-39,400	-8,200	-13,400	17,500	6,100	0	0	0
Effect of exchange rates on cash, cash equivalents and restricted cash
3,800	-900	-1,700	-1,900	-2,900	-1,900	-2,200	-3,700	-2,700	-3,800	500	0	500	3,400	-2,800	1,100	-4,600	-6,200	1,500	-5,800	-2,000	-300	-1,100	2,700	-1,400	200	2,800	-2,700	1,700	-3,900	-8,600	-3,900	-4,000	0	0	0
Net change in cash, cash equivalents and restricted cash
17,700	-9,100	2,700	3,900	-5,300	3,200	-1,200	-26,900	-9,500	2,600	-5,200	9,400	-500	-17,300	2,700	-3,000	-40,900	-6,700	-14,100	-8,500	-42,600	-22,300	-7,500	-4,200	49,400	3,600	5,100	-26,200	-4,700	-3,200	-15,300	28,500	500	0	0	0