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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Oct. 02, 2022
Oct. 03, 2021
Cash flows from operating activities:    
Net earnings (loss) $ (61.6) $ 84.4
Adjustments to reconcile net earnings (loss) to net cash from operating activities:    
Goodwill impairment charge 30.7 0.0
Deferred income taxes on goodwill impairment charge (5.3) 0.0
Loss on disposal 18.7 0.0
Depreciation and amortization 24.7 22.0
Operating lease asset amortization 14.2 16.0
Provision for credit losses and sales allowances 1.7 0.8
Stock-based compensation 5.9 4.0
(Gain) loss on investment in Persol Holdings 67.2 (71.8)
Loss on currency translation from liquidation of subsidiary 20.4 0.0
Gain on foreign currency remeasurement (5.5) 0.0
Gain on sale of assets (5.3) 0.0
Equity in net (earnings) loss of PersolKelly Pte. Ltd. (0.8) (2.3)
Other, net 3.5 4.6
Changes in operating assets and liabilities, net of acquisitions (220.2) (26.7)
Net cash (used in) from operating activities (111.7) 31.0
Cash flows from investing activities:    
Capital expenditures (5.6) (7.5)
Proceeds from sale of assets 4.5 0.0
Acquisition of companies, net of cash received (143.1) (213.0)
Cash disposed from sale of Russia, net of proceeds (6.0) 0.0
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 0.0 0.9
Net cash from (used in) investing activities 167.7 (198.4)
Cash flows from financing activities:    
Net change in short-term borrowings 0.2 (0.2)
Financing lease payments (1.2) (1.3)
Dividend payments (7.7) (2.0)
Payments of tax withholding for stock awards (0.9) (0.6)
Buyback of common shares (27.2) 0.0
Contingent consideration payments (0.7) (1.6)
Other financing activities 0.1 0.0
Net cash used in financing activities (37.4) (5.7)
Effect of exchange rates on cash, cash equivalents and restricted cash (7.4) (3.9)
Net change in cash, cash equivalents and restricted cash 11.2 (177.0)
Cash, cash equivalents and restricted cash at beginning of period 119.5 228.1
Cash, cash equivalents and restricted cash at end of period 130.7 51.1
Cash and cash equivalents 122.4 43.5
Restricted cash included in prepaid expenses and other current assets 0.8 1.0
Restricted cash included in other assets $ 7.5 $ 6.6