Kelly Services, Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $-254.1M | $-600.0K | $36.4M | $156.1M | $-72.0M | $112.4M | $22.9M | $71.6M |
| Depreciation & Amortization | $42.4M | $40.2M | $33.9M | $29.8M | $24.2M | $31.6M | $26.2M | $22.7M |
| Depreciation | $11.9M | $12.5M | $12.4M | $16.4M | $16.8M | $25.3M | $24.0M | $21.8M |
| Amortization | — | $51.5M | $40.1M | — | — | — | $1.8M | $900.0K |
| Stock-Based Compensation | $12.3M | $11.8M | $9.7M | $5.1M | $3.9M | $5.6M | $8.1M | $9.1M |
| Net Cash from Operating Activities | $122.6M | $26.9M | $76.7M | $85.0M | $186.0M | $102.2M | $61.4M | $70.8M |
| Investing Activities | ||||||||
| Capital Expenditures | $8.5M | $11.1M | $15.3M | $11.2M | $15.5M | $20.0M | $25.6M | $24.6M |
| Business Acquisitions | $0 | $431.9M | $0 | $213.0M | $39.2M | $86.4M | $0 | $37.2M |
| Net Cash from Investing Activities | $22.3M | $-361.6M | $-14.1M | $-180.7M | $9.8M | $-94.3M | $-29.8M | $-61.0M |
| Financing Activities | ||||||||
| Dividends Paid | $11.0M | $10.9M | $11.0M | $4.0M | $3.0M | $11.9M | $11.8M | $11.6M |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $-161.1M | $214.8M | $-59.6M | $-8.1M | $-8.1M | $-16.1M | $-26.5M | $-3.4M |
| Net Change in Cash | $-7.9M | $-122.0M | $5.2M | $-108.6M | $197.1M | $-9.1M | $3.2M | $2.9M |
| Free Cash Flow | $114.1M | $15.8M | $61.4M | $73.8M | $170.5M | $82.2M | $35.8M | $46.2M |