Kelly Services, Inc. (KELYA)

Kelly Services Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 29, 2025	Dec 29, 2024	Dec 31, 2023	Jan 1, 2023	Jan 2, 2022	Jan 3, 2021
Net Income	-6.2	-0.6	36.4	-62.5	156.1	-72
Depreciation & Amortization	55.6	50.9	50.1	51.9	51	45.3
Loss (Gain) From Sale of Assets	-3.9	-7	-	12.5	-	-32.1
Asset Writedown & Restructuring Costs	80.8	86.3	2.4	41	-	147.7
Loss (Gain) From Sale of Investments	-0.6	-0.6	-2	67.2	-121.8	16.6
Loss (Gain) on Equity Investments	-	-	-	-0.8	-5.4	-0.8
Stock-Based Compensation	13.8	11.8	9.7	7.8	5.1	3.9
Provision & Write-off of Bad Debts	3.3	-0.1	1.6	1.5	1.6	12.8
Other Operating Activities	-34.4	-36.6	-19.5	-53.9	8.6	-55.7
Change in Accounts Receivable	-20.9	-20.9	147.2	-99.3	-150.7	55.9
Change in Accounts Payable	-31.1	-31.1	-62.5	44.3	155.8	10.5
Change in Income Taxes	-3.2	-3.2	-	21.9	-4.6	-14
Change in Other Net Operating Assets	60.8	-22	-86.7	-107.9	-10.7	67.9
Operating Cash Flow	114	26.9	76.7	-76.3	85	186
Operating Cash Flow Growth	33.33%	-64.93%	-	-	-54.30%	82.00%
Capital Expenditures	-8.9	-11.1	-15.3	-12	-11.2	-15.5
Sale of Property, Plant & Equipment	-0.1	4.3	-	10.1	-	55.5
Cash Acquisitions	-4.5	-431.9	-	-143.1	-213	-39.2
Divestitures	21.8	77.1	-	-6	-	1.2
Investment in Securities	6.4	-	-	316.4	5	-0.2
Other Investing Activities	1.5	-	1.2	2.1	38.5	8
Investing Cash Flow	16.2	-361.6	-14.1	167.5	-180.7	9.8
Short-Term Debt Issued	-	-	-	0.8	-	-
Long-Term Debt Issued	-	1,340	-	-	-	-
Total Debt Issued	1,736	1,340	-	0.8	-	-
Short-Term Debt Repaid	-	-	-0.7	-	-0.2	-1.7
Long-Term Debt Repaid	-	-1,101	-1.2	-1.4	-1.5	-2
Total Debt Repaid	-1,872	-1,101	-1.9	-1.4	-1.7	-3.7
Net Debt Issued (Repaid)	-136.1	239.4	-1.9	-0.6	-1.7	-3.7
Repurchase of Common Stock	-12.3	-12.5	-44	-35.9	-0.6	-1.2
Common Dividends Paid	-11	-10.9	-11	-10.6	-4	-3
Other Financing Activities	-0.1	-1.2	-2.7	-3.5	-1.8	-0.2
Financing Cash Flow	-159.5	214.8	-59.6	-50.6	-8.1	-8.1
Foreign Exchange Rate Adjustments	8.2	-2.1	2.2	2.3	-4.8	9.4
Net Cash Flow	-21.1	-122	5.2	42.9	-108.6	197.1
Free Cash Flow	105.1	15.8	61.4	-88.3	73.8	170.5
Free Cash Flow Growth	44.37%	-74.27%	-	-	-56.72%	107.42%
Free Cash Flow Margin	2.34%	0.36%	1.27%	-1.78%	1.50%	3.77%
Free Cash Flow Per Share	2.98	0.45	1.69	-2.32	1.87	4.34
Cash Interest Paid	10	10	2.8	1.3	1.7	1.6
Cash Income Tax Paid	10.9	10.9	8.9	61.2	14.1	26.4
Levered Free Cash Flow	147.73	65.33	43.31	41.04	98.71	150.04
Unlevered Free Cash Flow	157.6	72.14	45.31	42.35	100.28	151.91
Change in Working Capital	5.6	-77.2	-2	-141	-10.2	120.3

Updated Aug 7, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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