KELLY SERVICES, INC. KELYB Cash Flow

Kelly services, inc. (KELYB)

CashFlow / Quarterly

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)
-153,200	17,000	-10,500	83,800	22,100	-23,900	33,100	-15,400	29,100	17,700	23,000	18,700	12,200	80,900	8,900	11,200	34,200	9,100	6,800	3,700	17,000	1,400	2,800	2,500	17,200	18,800	10,000	12,900	8,900	16,600	15,000	9,600	24,100	19,700	18,800	1,100
Adjustments to reconcile net earnings (loss) to net cash from operating activities:
Goodwill impairment charge
147,700	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes on goodwill impairment charge
-23,000	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
6,000	7,800	8,200	8,000	7,600	6,700	6,600	6,600	6,300	6,200	5,900	5,300	5,300	5,100	5,300	5,600	5,700	5,600	5,500	5,500	5,500	5,400	5,500	5,300	5,000	4,900	5,200	5,300	5,500	5,200	5,900	5,700	7,500	40,200	-24,600	8,300
Operating lease asset amortization
5,300	-	-	-	5,800	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for bad debts
-400	900	1,400	1,500	300	1,700	-200	-200	1,700	2,000	700	1,400	1,500	2,600	1,800	1,700	400	1,200	900	1,200	1,700	1,000	1,000	1,600	900	600	100	400	-100	600	400	200	800	5,700	-3,400	1,200
Stock-based compensation
1,200	900	-500	2,000	3,200	1,400	2,000	2,200	2,500	2,300	2,600	-200	4,400	3,100	1,800	2,700	3,300	1,500	1,900	1,200	1,200	600	1,800	1,700	1,100	100	1,400	1,200	1,100	1,600	700	1,400	1,100	5,400	-3,300	1,400
(Gain) loss on investment in Persol Holdings
-77,800	700	-39,300	61,200	13,200	-83,200	15,800	-52,500	23,700	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Gain) loss on sale of assets
32,100	0	0	12,300	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity in net (earnings) loss of PersolKelly Pte. Ltd.
-1,500	-2,600	-900	300	-400	1,200	2,000	500	1,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other, net
-700	-600	400	200	400	-200	400	700	-100	-2,500	1,800	300	200	1,500	600	100	4,000	400	-300	600	3,500	-600	-400	-300	100	0	-500	-200	-	-	-	-	1,100	1,600	-200	100
Changes in operating assets and liabilities, net of acquisitions
23,100	4,000	43,100	-25,300	4,600	-7,500	23,200	7,200	18,600	-15,700	41,800	5,100	-1,400	16,000	-3,800	900	1,000	-8,000	25,500	27,400	-43,900	10,500	28,200	102,200	-100,600	-11,700	39,000	14,100	-15,700	9,000	29,500	3,500	-8,400	110,400	-63,900	16,900
Net cash from operating activities
8,400	28,000	700	52,300	21,200	28,100	100	37,300	-4,100	37,800	-11,400	19,800	24,600	-13,000	21,000	20,200	26,800	25,000	-10,100	-16,400	39,000	-1,500	-16,700	-90,800	93,400	36,100	-20,100	5,900	40,200	15,000	-7,500	13,400	13,500	12,400	-1,800	-5,000
Cash flows from investing activities:
Capital expenditures
3,000	6,200	5,100	4,500	4,200	7,700	7,600	5,700	4,600	9,900	7,400	4,500	2,800	3,500	2,800	1,500	4,600	5,600	4,100	2,600	6,700	6,100	5,600	3,300	8,300	4,000	4,900	2,800	7,600	4,100	5,800	4,000	5,400	3,700	3,800	2,500
Acquisition of companies, net of cash received
36,300	0	0	0	86,400	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment in equity securities
300	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of assets
55,500	0	0	13,800	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment in PersolKelly equity affiliate
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	300	0	4,800	600	-	-	-	-	-	-	-	-	-	-	-	-
Other investing activities
0	-700	-1,300	1,600	-300	-700	200	300	300	-200	0	0	0	0	100	300	-200	300	-100	200	0	200	-300	-100	800	-200	400	-200	-	-	-	400	-	-	-	-
Net cash used in investing activities
15,900	-5,500	-9,200	10,700	-90,300	-3,200	-15,700	-6,000	-4,900	-9,700	-44,000	-4,500	-2,800	15,300	-2,900	-1,800	-4,400	-5,900	-4,500	-2,800	-7,000	-6,300	-10,100	-3,800	-9,100	-3,800	-5,300	-2,600	-14,300	-4,000	-5,400	-4,400	-11,700	-3,600	-2,900	-2,500
Cash flows from financing activities:
Net change in short-term borrowings
-100	-15,500	-1,900	-54,900	72,000	-5,900	6,500	-31,600	23,200	-13,800	23,200	700	0	-18,700	-12,700	-16,400	-20,900	-12,400	9,600	-11,000	3,500	-800	34,700	26,500	-29,700	-25,200	32,800	-13,700	-19,300	-4,800	-5,500	-2,300	17,300	-10,000	23,600	48,300
Financing lease payments
300	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,400	0	0	62,900
Dividend payments
3,000	3,000	3,000	2,900	3,000	3,000	2,900	3,000	2,900	2,900	2,900	2,900	2,900	2,900	2,900	1,900	2,000	1,900	1,900	1,900	1,900	1,900	1,900	1,900	1,900	1,900	1,900	1,900	1,900	1,900	1,900	1,900	-	-	-	-
Payments of tax withholding for stock awards
1,100	200	0	0	2,300	600	100	0	6,200	100	1,200	0	500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other financing activities
-100	-	-	-300	0	-	-	-	-	0	0	0	-100	200	200	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	100	-100	-1,000
Net cash from (used in) financing activities
-4,600	-19,700	-5,000	-58,100	66,700	-9,500	3,500	-34,600	14,100	-16,800	19,100	-2,200	-3,500	-23,500	-15,400	-18,300	-24,700	-14,100	7,700	-12,900	1,500	-2,300	32,800	24,600	-32,200	-26,800	30,900	-15,600	-21,200	-6,600	-7,400	-4,200	10,000	-11,800	23,500	-15,600
Effect of exchange rates on cash, cash equivalents and restricted cash
2,800	-400	-400	1,800	-1,900	-1,200	-600	800	-900	-1,500	-2,100	1,800	-2,000	-2,600	2,300	4,100	-400	-8,800	6,200	-1,600	-2,000	-1,100	-1,100	2,200	-300	-1,900	2,700	-1,900	1,300	700	-2,800	2,500	-4,300	-4,000	1,900	2,400
Net change in cash, cash equivalents and restricted cash
22,500	2,400	-13,900	6,700	-4,300	14,200	-12,700	-2,500	4,200	9,800	-38,400	14,900	16,300	-23,800	5,000	4,200	-2,700	-3,800	-700	-33,700	31,500	-11,200	4,900	-67,800	51,800	3,600	8,200	-14,200	6,000	5,100	-23,100	7,300	7,500	-7,000	20,700	-20,700