Return to 1997 Financial Contents

Statements of Earnings

Kelly Services, Inc. and Subsidiaries

1997
1996
1995
(In thousands of dollars except per share items)
Sales of services $3,852,935 $3,302,303 $2,689,799
Cost of services 3,171,589
2,689,523
2,148,406
Gross profit 681,346 612,780 541,393
Selling, general and administrative expenses 545,582
491,828
435,126
Earnings from operations 135,764 120,952 106,267
Interest income, net 1,216
1,957
7,024
Earnings before income taxes 136,980 122,909 113,291
Income taxes:
  Federal 45,485 40,560 34,645
  State and other 10,715
9,340
9,155
  Total income taxes 56,200
49,900
43,800
 
Net earnings $80,780
$73,009
$69,491
Basic earnings per share $2.12 $1.92 $1.83
Diluted earnings per share $2.12 $1.91 $1.83
Dividends per share $.87 $.83 $.78
Average shares outstanding (thousands) 38,099 38,043 37,993

See accompanying Notes to Financial Statements.