Kforce inc (KFRC)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Revenue

1,347,387

1,303,937

1,253,646

1,319,706

1,319,238

1,217,331

1,073,728

1,005,487

1,004,747

886,657

910,136

Direct costs

952,349

917,450

878,049

911,207

905,124

842,750

729,352

684,901

687,000

602,811

624,157

Gross profit

395,038

386,487

375,597

408,499

414,114

374,581

344,376

320,586

317,747

283,846

285,979

Selling, general and administrative expenses

314,167

307,250

308,313

340,742

330,034

315,338

307,944

305,940

274,072

251,156

251,268

Goodwill impairment

-

-

-

-

-

-

14,510

69,158

-

0

-

Depreciation and amortization

6,050

6,836

7,266

8,701

9,831

9,894

9,846

10,789

12,505

12,589

11,673

Income from operations

74,821

72,401

60,018

59,056

74,249

49,349

12,076

-65,301

31,170

20,101

23,038

Interest expense

-

-

-

-

-

-

1,225

954

1,196

1,214

1,437

Other expense, net

-3,425

-4,521

-5,100

-3,101

-2,577

-1,392

78

-103

-60

-22

292

Income from continuing operations, before income taxes

71,396

67,880

54,918

55,955

71,672

47,957

10,929

-66,358

29,914

18,865

21,893

Income tax expense

16,830

17,004

25,324

23,182

28,848

18,559

5,635

-24,227

10,858

6,869

9,020

Income from continuing operations

54,566

50,876

29,594

-

-

29,398

5,294

-42,131

19,056

11,996

-

Income from discontinued operations, net of tax

76,296

7,104

3,691

-

-

61,517

5,493

28,428

8,100

8,638

-

Net income

130,862

57,980

33,285

32,773

42,824

90,915

10,787

-13,703

27,156

20,634

12,873

Other comprehensive loss:
Defined benefit pension plans, net of tax

2,183

-881

373

134

-689

688

-3,030

-1,337

2,570

267

-1,602

Change in fair value of interest rate swaps, net of tax

-807

315

289

0

0

-

-

-

-

-

-

Comprehensive income

127,872

59,176

33,201

32,639

43,513

90,227

13,817

-12,366

24,586

20,367

11,271

Earnings per share – basic:
Continuing operations (in dollars per share)

2.35

2.05

1.17

-

-

0.94

0.16

-1.18

0.50

0.30

-

Discontinued operations (in dollars per share)

3.29

0.29

0.15

-

-

1.95

0.16

0.80

0.22

0.22

-

Earnings per share - basic (in dollars per share)

5.64

2.34

1.32

1.26

1.53

2.89

0.32

-0.38

0.72

0.52

0.33

Earnings per share – diluted:
Continuing operations (in dollars per share)

2.29

2.02

1.16

-

-

0.93

0.16

-1.18

0.49

0.30

-

Discontinued operations (in dollars per share)

3.21

0.28

0.14

-

-

1.94

0.16

0.80

0.21

0.21

-

Earnings per share – diluted (in dollars per share)

5.50

2.30

1.30

1.25

1.52

2.87

0.32

-0.38

0.70

0.51

0.33

Weighted average shares outstanding – basic (in shares)

23,186

24,738

25,222

26,099

27,910

31,475

33,511

35,791

37,835

39,480

38,485

Weighted average shares outstanding – diluted (in shares)

23,772

25,251

25,586

26,274

28,190

31,691

33,643

35,791

38,831

40,503

39,330

Dividends declared per share (in dollars per share)

-

-

-

0.48

0.45

0.41

0.10

1.00

-

-

-