Statements of Earnings
Kelly Services, Inc. and Subsidiaries
| 1998(1) |
1997 |
1996 |
|
| (In thousands of dollars) | |||
| Sales of services | $4,092,251 | $3,852,935 | $3,302,303 |
| Cost of services | 3,360,976 |
3,171,589 |
2,689,523 |
| Gross profit | 731,275 | 681,346 | 612,780 |
| Selling, general and administrative expenses | 590,659 |
545,582 |
491,828 |
| Earnings from operations | 140,616 | 135,764 | 120,952 |
| Interest income, net | 2,999 |
1,216 |
1,957 |
| Earnings before income taxes | 143,615 | 136,980 | 122,909 |
| Income taxes | 58,900 |
56,200 |
49,900 |
| Net earnings | $84,715 |
$80,780 |
$73,009 |
| Basic earnings per share | $2.24 | $2.12 | $1.92 |
| Diluted earnings per share | $2.23 | $2.12 | $1.91 |
| Dividends per share | $.91 | $.87 | $.83 |
| Average shares outstanding (thousands): | |||
| Basic | 37,745 | 38,099 | 38,043 |
| Diluted | 37,945 | 38,191 | 38,133 |
See accompanying Notes to Financial Statements.
(1) Fiscal year included 53 weeks.