Return to 1996 Financial Contents

Statements of Earnings

Kelly Services, Inc. and Subsidiaries

1996
1995
1994
(In thousands of dollars except per share items)
Sales of services $3,302,303 $2,689,799 $2,362,561
Cost of services 2,689,523
2,148,406
1,899,552
Gross profit 612,780 541,393 463,009
Selling, general and administrative expenses 491,828
435,126
370,909
Earnings from operations 120,952 106,267 92,100
Interest income, net 1,957
7,024
6,357
Earnings before income taxes 122,909 113,291 98,457
Income taxes:
  Federal 40,560 34,645 29,915
  State and other 9,340
9,155
7,485
Total income taxes 49,900
43,800
37,400
 
Net earnings $73,009
$69,491
$61,057
Earnings per share $1.92 $1.83 $1.61
Dividends per share $.83 $.78 $.70
Average shares outstanding (thousands) 38,043 37,993 37,956

See accompanying Notes to Financial Statements.