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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 29, 2024
Dec. 31, 2023
Jan. 01, 2023
Cash flows from operating activities:      
Net earnings (loss) $ (0.6) $ 36.4 $ (62.5)
Adjustments to reconcile net earnings to net cash from operating activities:      
Asset impairment charge 13.5 2.4 0.0
Goodwill impairment charge 72.8 0.0 41.0
Deferred income taxes (27.8) (24.9) (72.1)
Loss on disposal 0.0 0.0 18.7
Depreciation and amortization 40.2 33.9 33.4
Operating lease asset amortization 10.7 16.2 18.5
Provision for credit losses and sales allowances (0.1) 1.6 1.5
Stock-based compensation 11.8 9.7 7.8
Gain on sale of equity securities (0.6) (2.0) 0.0
(Gain) loss on forward contract (1.2) 3.6 0.0
Gain on sale of EMEA staffing operations (1.6) 0.0 0.0
Gain on sale of assets (5.4) 0.0 (6.2)
Loss on investment in Persol Holdings 0.0 0.0 67.2
Loss on currency translation from liquidation of subsidiary 0.0 0.0 20.4
Gain on foreign currency remeasurement 0.0 0.0 (5.5)
Equity in net earnings of PersolKelly Pte. Ltd. 0.0 0.0 (0.8)
Other, net (7.6) 1.8 3.3
Changes in operating assets and liabilities, net of acquisitions (77.2) (2.0) (141.0)
Net cash from (used in) operating activities 26.9 76.7 (76.3)
Cash flows from investing activities:      
Capital expenditures (11.1) (15.3) (12.0)
Proceeds from sale of EMEA staffing operations, net of cash disposed 77.1 0.0 0.0
Proceeds from sale of assets 4.3 0.0 10.1
Acquisition of companies, net of cash received (431.9) 0.0 (143.1)
Cash disposed from sale of Russia, net of proceeds 0.0 0.0 (6.0)
Proceeds from sale of Persol Holdings investment 0.0 0.0 196.9
Proceeds from sale of equity method investment 0.0 0.0 119.5
Other investing activities 0.0 1.2 2.1
Net cash (used in) from investing activities (361.6) (14.1) 167.5
Cash flows from financing activities:      
Net change in short-term borrowings 0.0 (0.7) 0.8
Proceeds from long-term debt 1,340.2 0.0 0.0
Payments on long-term debt (1,100.8) 0.0 0.0
Financing lease payments 0.0 (1.2) (1.4)
Dividend payments (10.9) (11.0) (10.6)
Payments of tax withholding for stock awards (2.5) (1.8) (0.9)
Contingent consideration payments 0.0 (2.5) (3.3)
Other financing activities (1.2) (0.2) (0.2)
Net cash from (used in) financing activities 214.8 (59.6) (50.6)
Effect of exchange rates on cash, cash equivalents and restricted cash (2.1) 2.2 2.3
Net change in cash, cash equivalents and restricted cash (122.0) 5.2 42.9
Cash, cash equivalents and restricted cash at beginning of year 167.6 [1] 162.4 [1] 119.5
Cash, cash equivalents and restricted cash at end of year [1] 45.6 167.6 162.4
Cash and equivalents 39.0 125.8 153.7
Cash included in assets held for sale 0.0 33.5 0.0
Restricted cash included in prepaid expenses and other current assets 0.2 0.3 0.1
Restricted cash included in other assets 6.4 8.0 8.6
Common Stock      
Cash flows from financing activities:      
Buyback of common shares 0.0 0.0 (27.2)
Treasury Stock      
Cash flows from financing activities:      
Buyback of common shares $ (10.0) $ (42.2) $ (7.8)
[1] (1) The following table provides a reconciliation of cash, cash equivalents and restricted cash to the amounts reported in our consolidated balance sheet: