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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jul. 03, 2022
Jul. 04, 2021
Jul. 03, 2022
Jul. 04, 2021
Cash flows from operating activities:        
Net earnings (loss) $ 2.2 $ 24.0 $ (45.4) $ 49.6
Adjustments to reconcile net earnings (loss) to net cash from operating activities:        
Impairment of assets held for sale 18.5 0.0 18.5 0.0
Depreciation and amortization     16.1 14.1
Operating lease asset amortization     9.8 10.7
Provision for credit losses and sales allowances     1.3 0.0
Stock-based compensation     3.8 2.8
(Gain) loss on investment in Persol Holdings 0.0 (6.3) 67.2 (36.3)
Loss on currency translation from liquidation of subsidiary 0.0 0.0 20.4 0.0
Gain on foreign currency remeasurement     (5.5) 0.0
Gain on sale of assets (4.4) 0.0 (5.3) 0.0
Equity in net (earnings) loss of PersolKelly Pte. Ltd. 0.0 (1.7) (0.8) (0.6)
Other, net     2.9 2.2
Changes in operating assets and liabilities, net of acquisitions     (190.3) 5.1
Net cash (used in) from operating activities     (107.3) 47.6
Cash flows from investing activities:        
Capital expenditures     (3.5) (4.9)
Proceeds from sale of assets     4.5 0.0
Acquisition of companies, net of cash received     (143.1) (219.0)
Proceeds from company-owned life insurance     1.5 10.4
Proceeds from sale of Persol Holdings investment     196.9 0.0
Proceeds from sale of equity method investment     119.5 0.0
Proceeds related to loans with equity affiliate     0.0 5.8
Proceeds from equity securities     0.0 5.0
Other investing activities     (0.2) 1.0
Net cash from (used in) investing activities     175.6 (201.7)
Cash flows from financing activities:        
Net change in short-term borrowings     0.0 (0.1)
Financing lease payments     (0.4) (0.3)
Dividend payments     (4.8) 0.0
Payments of tax withholding for stock awards     (0.8) (0.6)
Buyback of common shares     (27.2) 0.0
Contingent consideration payments     (0.7) 0.0
Net cash used in financing activities     (33.9) (1.0)
Effect of exchange rates on cash, cash equivalents and restricted cash     0.1 (2.3)
Net change in cash, cash equivalents and restricted cash     34.5 (157.4)
Cash, cash equivalents and restricted cash at beginning of period     119.5 228.1
Cash, cash equivalents and restricted cash at end of period 154.0 70.7 154.0 70.7
Cash and cash equivalents 133.9 64.4 133.9 64.4
Cash included in assets held for sale 12.2 0.0 12.2 0.0
Restricted cash included in prepaid expenses and other current assets 0.6 0.1 0.6 0.1
Restricted cash included in other assets $ 7.3 $ 6.2 $ 7.3 $ 6.2