Return to 1997 Financial Contents

Statements Balance Sheets

Kelly Services, Inc. and Subsidiaries

ASSETS 1996
1995
1994

(In thousands of dollars)
Current Assets
  Cash and equivalents $76,690 $33,408 $52,811
  Short-term investments 67,301 28,035 74,737
  Accounts receivable, less allowances of
$12,375, $8,320 and $6,950, respectively
572,134 554,025 397,534
  Prepaid expenses and other current assets 54,847 43,118 33,520
  Total current assets 770,972 658,586 558,602
Property and Equipment
  Land and buildings 44,405 43,748 35,153
  Equipment, furniture and leasehold improvements 130,472 118,737 113,521
  Accumulated depreciation (62,144) (64,763) (64,286)
  Total property and equipment 112,733 97,722 84,388
Intangibles and Other Assets 83,524 82,571 75,697
Total Assets $967,229 $838,879 $718,687

 
LIABILITIES AND STOCKHOLDERS' EQUITY 1997

1996

1995

(In thousands of dollars)
Current Liabilities
  Short-term borrowings$54,958$41,616$16,462
  Accounts payable60,40848,11136,551
  Payroll and related taxes197,092151,769118,996
  Accrued insurance61,07753,11951,309
  Income and other taxes33,86527,36519,265
  Total current liabilities407,400321,980242,583
Stockholders' Equity
Capital Stock
Capital stock, $1.00 par value

Class A common stock, shares issued 36,538,000 in 1997, 36,527,000 in 1996 and 36,512,000 in 199536,53836,52736,512

Class B common stock, shares issued 3,578,000 in 1997, 3,589,000 in 1996 and 3,604,000 in 19953,5783,5893,604
Treasury stock, at cost

Class A common stock, 1,953,000 shares in 1997, 2,057,000 in 1996 and 2,101,000 in 1995(6,214)(6,197)(6,327)
Paid-in capital10,9808,2657,215
Earnings invested in the business514,947474,715435,100
  Total stockholders' equity559,829516,899476,104
Total Liabilities and Stockholders' Equity$967,229$838,879$718,687

See accompanying Notes to Financial Statements.