Kelly Services, Inc. (KELYA) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | -25.4M | 28.6M | -25.3M | 95.4M | 23.9M | 15M | -20.3M | 57.7M | -25.5M | 43.3M | 10M | 36.9M | -13.5M | 35.4M | -4.4M | -1.2M | -106.1M | 54M | -16.6M | 37.1M |
| Operating CF Margin % | -2.44% | 2.73% | -2.71% | 8.66% | 2.05% | 1.26% | -1.96% | 5.46% | -2.44% | 3.51% | 0.89% | 3.03% | -1.06% | 2.87% | -0.38% | -0.09% | -8.18% | 4.32% | -1.39% | 2.95% |
| Operating CF Growth % | -206.28% | 90.67% | -24.63% | 65.34% | 193.73% | -65.36% | -303% | 56.37% | -88.89% | 22.32% | 327.27% | 3175% | 87.28% | -34.44% | 73.49% | -103.23% | -1110.48% | 277.05% | -143.23% | -78.14% |
| Net Income | -5.9M | -128.8M | -150.1M | 19M | 5.8M | -31.8M | 800K | 4.5M | 25.2M | 11.4M | 6.6M | 7.5M | 10.9M | -900K | -16.2M | 2.2M | -47.6M | 71.7M | 34.8M | 24M |
| Depreciation & Amortization | 12.5M | 13.2M | 13.2M | 13.3M | 13.6M | 14.5M | 14.2M | 12M | 10.2M | 12.1M | 12.4M | 12.9M | 12.7M | 13M | 13M | 13.4M | 12.5M | 13M | 13.2M | 13.7M |
| Stock-Based Compensation | 0 | 2.5M | 2.6M | 3.5M | 3.7M | 3.3M | 3.3M | 2.4M | 2.8M | 1.8M | 2.3M | 2.5M | 3.1M | 1.9M | 2.1M | 1.7M | 2.1M | 1.1M | 1.2M | 1.4M |
| Deferred Taxes | 5M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -24.9M | 0 | 2.4M | 0 | 0 | -5.3M | 0 | 0 | 21.6M | -36.4M | -7.9M |
| Other Non-Cash Items | 7.1M | 115.5M | 143.9M | -3.6M | 2.7M | 44.1M | 2M | 8.5M | 11.3M | 5.1M | 1M | 800K | -1.9M | 8.4M | 31.9M | 15.8M | 82.9M | -69.9M | 2.4M | 900K |
| Working Capital Changes | -44.1M | 26.2M | -34.9M | 63.2M | -1.9M | -15.1M | -40.6M | 30.3M | -51.8M | 37.8M | -12.3M | 10.8M | -38.3M | 13M | -29.9M | -34.3M | -156M | 16.5M | -31.8M | 5M |
| Change in Receivables | -26.3M | 94.6M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 147.2M | 0 | 0 | 0 | -99.3M | 0 | 0 | 0 | -150.7M | 0 | 0 |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | -7.3M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Investing | -1.2M | 400K | -2.8M | 21.5M | 3.2M | -6.1M | -2.4M | -425.2M | 72.1M | -3.3M | -3.1M | -5.5M | -2.2M | -200K | -7.9M | -81.5M | 257.1M | 17.7M | 3.3M | -209.6M |
| Capital Expenditures | -1.1M | -1.7M | -2.3M | -2M | -2.5M | -2M | -2.4M | -3M | -3.7M | -2.9M | -3.1M | -4.9M | -4.4M | -6.4M | -2.1M | -1.8M | -1.7M | -3.7M | -2.6M | -2.2M |
| CapEx % of Revenue | 0.11% | 0.16% | 0.25% | 0.18% | 0.21% | 0.17% | 0.23% | 0.28% | 0.35% | 0.24% | 0.28% | 0.4% | 0.35% | 0.52% | 0.18% | 0.14% | 0.13% | 0.3% | 0.22% | 0.17% |
| Acquisitions | 0 | 0 | 0 | 21.8M | 6.4M | -4.5M | 0 | -423M | 77.1M | 0 | 0 | 0 | 0 | 0 | -6M | -84.8M | 258.1M | 100K | 11.8M | -219M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -100K | 2.1M | -500K | 1.7M | -1.1M | 400K | 0 | 800K | -1.3M | -400K | 0 | -600K | 2.2M | 6.2M | -316.2M | 5.1M | 700K | 22.3M | -6.9M | 11.6M |
| Cash from Financing | 24.2M | -29.7M | 41.3M | -133.2M | -39.5M | -2.5M | 15.7M | 206.3M | -4.7M | -3M | -11.2M | -20.6M | -24.8M | -13.2M | -3.5M | -3.2M | -30.7M | -2.4M | -4.7M | -1.1M |
| Debt Issued (Net) | 28.6M | -16.5M | 44.1M | -130.3M | -34.8M | 10.6M | 18.4M | 210.4M | 0 | -200K | -500K | -100K | -400K | -200K | -600K | -300K | -100K | -200K | -1.1M | -1M |
| Equity Issued (Net) | 0 | -10.4M | 0 | 0 | 0 | -10M | -200K | 0 | 0 | 0 | -7.4M | -16.5M | -19.5M | -7.8M | 0 | 0 | -27.2M | 0 | 0 | 0 |
| Dividends Paid | -2.7M | -2.7M | -2.8M | -2.7M | -2.8M | -2.7M | -2.8M | -2.7M | -2.7M | -2.7M | -2.7M | -2.8M | -2.8M | -2.9M | -2.9M | -2.9M | -1.9M | -2M | -2M | 0 |
| Share Repurchases | 0 | -10.4M | 0 | 0 | 0 | -10M | 0 | -200K | -1.9M | -100K | -7.4M | -16.5M | -19.5M | -7.8M | -100K | 0 | -27.2M | 0 | 0 | -100K |
| Other Financing | -1.7M | -100K | 0 | -200K | -1.9M | -400K | 100K | -1.4M | -2M | -100K | -600K | -1.2M | -2.1M | -2.3M | 0 | 0 | -1.5M | -200K | -1.6M | -100K |
| Net Change in Cash | -7.4M | 2.3M | 10.9M | -10M | -11.1M | 5.2M | -5.2M | -163.3M | 75.2M | 41.1M | -8M | 13.4M | -41.3M | 31.7M | -23.3M | -84.1M | 118.6M | 68.4M | -19.6M | -174.5M |
| Free Cash Flow | -26.5M | 26.9M | -27.6M | 93.4M | 21.4M | 13M | -22.7M | 54.7M | -29.2M | 40.4M | 6.9M | 32M | -17.9M | 29M | -6.5M | -3M | -107.8M | 50.3M | -19.2M | 34.9M |
| FCF Margin % | -2.55% | 2.56% | -2.95% | 8.48% | 1.84% | 1.09% | -2.19% | 5.17% | -2.79% | 3.28% | 0.62% | 2.63% | -1.41% | 2.35% | -0.56% | -0.24% | -8.32% | 4.02% | -1.61% | 2.77% |
| FCF Growth % | -223.83% | 106.92% | -21.59% | 70.75% | 173.29% | -67.82% | -428.99% | 70.94% | -63.13% | 39.31% | 206.15% | 1166.67% | 83.4% | -42.35% | 66.15% | -108.6% | -1482.05% | 249.26% | -156.8% | -78.85% |
| FCF per Share | -0.77 | 0.77 | -0.78 | 2.62 | 0.60 | 0.37 | -0.63 | 1.52 | -0.82 | 1.13 | 0.19 | 0.88 | -0.48 | 0.77 | -0.17 | -0.08 | -2.79 | 1.27 | -0.49 | 0.88 |
| FCF Conversion (FCF/Net Income) | 4.31x | -0.22x | 0.17x | 5.02x | 4.12x | -0.47x | -25.38x | 12.54x | -0.99x | 3.80x | 1.52x | 4.92x | -1.24x | -39.33x | 0.27x | -0.55x | 2.23x | 0.75x | -0.48x | 1.55x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.3M | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |