GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Kelly Services Inc (NAS:KELYA) » Definitions » Retained Earnings

Kelly Services (Kelly Services) Retained Earnings : $1,242 Mil (As of Dec. 2023)


View and export this data going back to 1990. Start your Free Trial

What is Kelly Services Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Kelly Services's retained earnings for the quarter that ended in Dec. 2023 was $1,242 Mil.

Kelly Services's quarterly retained earnings increased from Jun. 2023 ($1,229 Mil) to Sep. 2023 ($1,233 Mil) and increased from Sep. 2023 ($1,233 Mil) to Dec. 2023 ($1,242 Mil).

Kelly Services's annual retained earnings declined from Dec. 2021 ($1,315 Mil) to Dec. 2022 ($1,216 Mil) but then increased from Dec. 2022 ($1,216 Mil) to Dec. 2023 ($1,242 Mil).


Kelly Services Retained Earnings Historical Data

The historical data trend for Kelly Services's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Kelly Services Retained Earnings Chart

Kelly Services Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,238.60 1,162.90 1,315.00 1,216.30 1,241.70

Kelly Services Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,216.30 1,224.40 1,229.10 1,233.00 1,241.70

Kelly Services Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.


Kelly Services  (NAS:KELYA) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.


Kelly Services (Kelly Services) Business Description

Traded in Other Exchanges
Address
999 West Big Beaver Road, Troy, MI, USA, 48084
Kelly Services Inc is a provider of workforce solutions and consulting and staffing services. The company's operations are divided into five business segments namely Professional & Industrial, Science, Engineering & Technology, Education, Outsourcing & Consulting, and International. Other than OCG, each segment delivers talent through staffing services, permanent placement or outcome-based services. OCG segment delivers talent solutions including managed service provider, payroll process outsourcing, recruitment process outsourcing, and talent advisory services. International also delivers RPO talent solutions within its local markets. Majority of revenue is derived from Professional & Industrial.
Executives
Tammy L Browning officer: Senior Vice President 999 WEST BIG BEAVER RD, TROY MI 48084-4716
Timothy L Dupree officer: Senior Vice President 999 WEST BIG BEAVER RD, TROY MI 48084-4716
Daniel H Malan officer: Senior Vice President 999 WEST BIG BEAVER RD, TROY MI 48084-4716
Olivier Thirot officer: Senior Vice President 999 WEST BIG BEAVER ROAD, TROY MI 48084
Donald R Parfet director C/O 350 E MICHIGAN AVENUE STE 500, APJOHN GROUP LLC, KALAMAZOO MI 49007
Darren Simons officer: SVP and Chief Digital Officer 999 W. BIG BEAVER ROAD, TROY MI 48084-4716
Amala Duggirala director PO BOX 10247, BIRMINGHAM AL 35202-0247
Inamarie Johnson director 1019 MARKET STREET, SAN FRANCISCO CA 94103
Terrence B Larkin director 21557 TELEGRAPH ROAD, SOUTHFIELD MI 48033
Jane E Dutton director 701 TAPPAN STREET, ANN ARBOR MI 49101-1234
James H Bradley officer: Senior Vice President 999 WEST BIG BEAVER RD, TROY MI 48084-4716
Vanessa Peterson Williams officer: General Counsel 999 WEST BIG BEAVER ROAD, TROY MI 48084-4716
Leslie A Murphy director 4811 S CHIPPING GLEN, BLOOMFIELD HILLS MI 48302
George S Corona officer: Executive Vice President 2653 TOWER HILL, ROCHESTER HILLS MI 48306
James Polehna officer: VP and Corporate Secretary 999 WEST BIG BEAVER ROAD, TROY MI 48084