2019 Q3 Form 10-Q Financial Statement

#000005513519000030 Filed on November 06, 2019

View on sec.gov

Income Statement

Concept 2019 Q3 2018 Q3
Revenue $1.268B $1.342B
YoY Change -5.56% 0.66%
Cost Of Revenue $1.040B $1.103B
YoY Change -5.74% -0.14%
Gross Profit $227.7M $239.1M
YoY Change -4.77% 4.5%
Gross Profit Margin 17.96% 17.81%
Selling, General & Admin $210.6M $217.2M
YoY Change -3.04% 4.17%
% of Gross Profit 92.49% 90.84%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $8.200M $6.600M
YoY Change 24.24% 24.53%
% of Gross Profit 3.6% 2.76%
Operating Expenses $210.6M $217.2M
YoY Change -3.04% 4.17%
Operating Profit $17.10M $21.90M
YoY Change -21.92% 7.88%
Interest Expense $900.0K $700.0K
YoY Change 28.57% 16.67%
% of Operating Profit 5.26% 3.2%
Other Income/Expense, Net -$200.0K -$700.0K
YoY Change -71.43% 40.0%
Pretax Income -$22.40M $37.00M
YoY Change -160.54% 86.87%
Income Tax -$12.80M $5.900M
% Of Pretax Income 15.95%
Net Earnings -$10.50M $33.10M
YoY Change -131.72% 77.01%
Net Earnings / Revenue -0.83% 2.47%
Basic Earnings Per Share -$0.27 $0.84
Diluted Earnings Per Share -$0.27 $0.84
COMMON SHARES
Basic Shares Outstanding 39.10M shares 38.80M shares
Diluted Shares Outstanding 39.10M shares 38.90M shares

Balance Sheet

Concept 2019 Q3 2018 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $22.80M $33.90M
YoY Change -32.74% -44.24%
Cash & Equivalents $22.80M $20.80M
Short-Term Investments
Other Short-Term Assets $80.70M $64.50M
YoY Change 25.12% 4.37%
Inventory
Prepaid Expenses
Receivables $1.262B $1.294B
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.366B $1.383B
YoY Change -1.23% 5.5%
LONG-TERM ASSETS
Property, Plant & Equipment $82.70M $85.00M
YoY Change -2.71% 4.29%
Goodwill $127.8M $107.3M
YoY Change 19.11% 21.38%
Intangibles
YoY Change
Long-Term Investments $120.4M $120.3M
YoY Change 0.08% 4.43%
Other Assets $321.5M $287.6M
YoY Change 11.79% -28.55%
Total Long-Term Assets $1.111B $1.010B
YoY Change 9.92% 15.67%
TOTAL ASSETS
Total Short-Term Assets $1.366B $1.383B
Total Long-Term Assets $1.111B $1.010B
Total Assets $2.476B $2.393B
YoY Change 3.48% 9.57%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $483.7M $505.5M
YoY Change -4.31% 6.18%
Accrued Expenses $330.2M $310.0M
YoY Change 6.52% 0.26%
Deferred Revenue
YoY Change
Short-Term Debt $17.50M $8.100M
YoY Change 116.05% 1057.14%
Long-Term Debt Due $900.0K
YoY Change
Total Short-Term Liabilities $900.0M $902.2M
YoY Change -0.24% 7.02%
LONG-TERM LIABILITIES
Long-Term Debt $1.500M $0.00
YoY Change
Other Long-Term Liabilities $55.50M $68.00M
YoY Change -18.38% 27.34%
Total Long-Term Liabilities $328.5M $305.1M
YoY Change 7.67% 13.97%
TOTAL LIABILITIES
Total Short-Term Liabilities $900.0M $902.2M
Total Long-Term Liabilities $328.5M $305.1M
Total Liabilities $1.229B $1.207B
YoY Change 1.76% 8.7%
SHAREHOLDERS EQUITY
Retained Earnings $1.225B $1.165B
YoY Change 5.12% 22.8%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.248B $1.186B
YoY Change
Total Liabilities & Shareholders Equity $2.476B $2.393B
YoY Change 3.48% 9.57%

Cashflow Statement

Concept 2019 Q3 2018 Q3
OPERATING ACTIVITIES
Net Income -$10.50M $33.10M
YoY Change -131.72% 77.01%
Depreciation, Depletion And Amortization $8.200M $6.600M
YoY Change 24.24% 24.53%
Cash From Operating Activities $700.0K $37.30M
YoY Change -98.12% 92.27%
INVESTING ACTIVITIES
Capital Expenditures -$5.100M -$5.700M
YoY Change -10.53% 26.67%
Acquisitions
YoY Change
Other Investing Activities -$4.100M -$300.0K
YoY Change 1266.67% 200.0%
Cash From Investing Activities -$9.200M -$6.000M
YoY Change 53.33% 30.43%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -5.000M -34.60M
YoY Change -85.55% 1935.29%
NET CHANGE
Cash From Operating Activities 700.0K 37.30M
Cash From Investing Activities -9.200M -6.000M
Cash From Financing Activities -5.000M -34.60M
Net Change In Cash -13.50M -3.300M
YoY Change 309.09% -125.19%
FREE CASH FLOW
Cash From Operating Activities $700.0K $37.30M
Capital Expenditures -$5.100M -$5.700M
Free Cash Flow $5.800M $43.00M
YoY Change -86.51% 79.92%

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CommitmentsAndContingencies
USD
CY2019Q3 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
22300000 USD
CY2018Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
24400000 USD
CY2019Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1224600000 USD
CY2018Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1138100000 USD
CY2019Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-17900000 USD
CY2018Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-17100000 USD
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
12300000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
19500000 USD
kelya Operating Lease Rightof Use Asset Amortization
OperatingLeaseRightofUseAssetAmortization
16900000 USD
kelya Operating Lease Rightof Use Asset Amortization
OperatingLeaseRightofUseAssetAmortization
0 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
3200000 USD
CY2019Q3 us-gaap Stockholders Equity
StockholdersEquity
1247800000 USD
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
1159500000 USD
CY2019Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2476300000 USD
CY2018Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2314400000 USD
CY2019Q3 us-gaap Stockholders Equity
StockholdersEquity
1247800000 USD
CY2018Q3 us-gaap Stockholders Equity
StockholdersEquity
1185800000 USD
CY2019Q3 us-gaap Stockholders Equity
StockholdersEquity
1247800000 USD
CY2018Q3 us-gaap Stockholders Equity
StockholdersEquity
1185800000 USD
us-gaap Net Income Loss
NetIncomeLoss
95400000 USD
us-gaap Net Income Loss
NetIncomeLoss
46800000 USD

Files In Submission

Name View Source Status
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0000055135-19-000030.txt Edgar Link pending
0000055135-19-000030-xbrl.zip Edgar Link pending
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Financial_Report.xlsx Edgar Link pending
kelya-20190929.xsd Edgar Link pending
kelya-20190929_cal.xml Edgar Link unprocessable
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