Kelly Services Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 29, 2026	Dec '25 Dec 28, 2025	Dec '24 Dec 29, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 2, 2022
Net Income	-265.8	-254.1	-0.6	36.4	-62.5	156.1
Depreciation & Amortization	52.2	53.3	50.9	50.1	51.9	51
Loss (Gain) From Sale of Assets	-5.1	-5.1	-7	-	12.5	-
Asset Writedown & Restructuring Costs	104.2	102	86.3	2.4	41	-
Loss (Gain) From Sale of Investments	-	-	-	-	67.2	-121.8
Loss (Gain) on Equity Investments	-	-	-	-	-0.8	-5.4
Stock-Based Compensation	12	12.3	11.8	9.7	7.8	5.1
Provision & Write-off of Bad Debts	1.5	3.3	-0.1	1.6	1.5	1.6
Other Operating Activities	175.2	168.8	-37.2	-21.5	-53.9	8.6
Change in Accounts Receivable	57.8	94.6	-20.9	147.2	-99.3	-150.7
Change in Accounts Payable	6.4	-10.5	-31.1	-62.5	44.3	155.8
Change in Income Taxes	-	-	-	-	21.9	-4.6
Change in Other Net Operating Assets	-65.1	-42	-25.2	-86.7	-107.9	-10.7
Operating Cash Flow	73.3	122.6	26.9	76.7	-76.3	85
Operating Cash Flow Growth	-3.93%	355.76%	-64.93%	-	-	-54.30%
Capital Expenditures	-7.1	-8.5	-11.1	-15.3	-12	-11.2
Sale of Property, Plant & Equipment	1	1	4.3	-	10.1	-
Cash Acquisitions	-	-	-431.9	-	-143.1	-213
Divestitures	21.8	21.8	77.1	-	-6	-
Investment in Securities	-	6.4	-	-	316.4	5
Other Investing Activities	2.2	1.6	-	1.2	2.1	38.5
Investing Cash Flow	17.9	22.3	-361.6	-14.1	167.5	-180.7
Short-Term Debt Issued	-	-	-	-	0.8	-
Long-Term Debt Issued	-	1,598	1,340	-	-	-
Total Debt Issued	1,575	1,598	1,340	-	0.8	-
Short-Term Debt Repaid	-	-	-	-0.7	-	-0.2
Long-Term Debt Repaid	-	-1,736	-1,101	-1.2	-1.4	-1.5
Total Debt Repaid	-1,649	-1,736	-1,101	-1.9	-1.4	-1.7
Net Debt Issued (Repaid)	-74.1	-137.5	239.4	-1.9	-0.6	-1.7
Repurchase of Common Stock	-11.9	-12.3	-12.5	-44	-35.9	-0.6
Common Dividends Paid	-10.9	-11	-10.9	-11	-10.6	-4
Other Financing Activities	-0.5	-0.3	-1.2	-2.7	-3.5	-1.8
Financing Cash Flow	-97.4	-161.1	214.8	-59.6	-50.6	-8.1
Foreign Exchange Rate Adjustments	1.2	8.3	-2.1	2.2	2.3	-4.8
Net Cash Flow	-5	-7.9	-122	5.2	42.9	-108.6
Free Cash Flow	66.2	114.1	15.8	61.4	-88.3	73.8
Free Cash Flow Growth	-0.30%	622.15%	-74.27%	-	-	-56.72%
Free Cash Flow Margin	1.60%	2.68%	0.36%	1.27%	-1.78%	1.50%
Free Cash Flow Per Share	1.89	3.25	0.45	1.69	-2.32	1.87
Cash Interest Paid	12.2	12.2	10	2.8	1.3	1.7
Cash Income Tax Paid	4.5	4.5	10.9	8.9	61.2	14.1
Levered Free Cash Flow	120.06	170.56	65.33	43.31	41.04	98.71
Unlevered Free Cash Flow	126.56	178.31	72.14	45.31	42.35	100.28
Change in Working Capital	-0.9	42.1	-77.2	-2	-141	-10.2

Updated May 7, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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