10-Q Filing

ROBERT HALF INC. CIK: 315213 Q1 2020

Filing Information

Form Type	10-Q
Accession Number	`0000315213-20-000046`
Period End Date	20200331
Filing Date	20200504
Fiscal Year	2020
Fiscal Period	Q1
XBRL Instance	rhi-20200331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 28 Cash Flow Statement 58 Stockholders Equity 20 Comprehensive Income 6

Balance Sheet 74 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value (in usd per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value (in usd per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, authorized (in shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$270.48M	USD	Point-in-time
Preferred stock, authorized (in shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$249.91M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$832.80M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$853.53M	USD	Point-in-time
Preferred stock, issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$503.21M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$525.57M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.61B	USD	Point-in-time
Common stock, par value (in usd per shares)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.63B	USD	Point-in-time
Common stock, par value (in usd per shares)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$128.38M	USD	Point-in-time
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	260.00M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$126.60M	USD	Point-in-time
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	260.00M	shares	Point-in-time
Right-of-use assets	`OperatingLeaseRightOfUseAsset`	$241.03M	USD	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	115.12M	shares	Point-in-time
Right-of-use assets	`OperatingLeaseRightOfUseAsset`	$241.88M	USD	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	114.60M	shares	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	114.60M	shares	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.39M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.75M	USD	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	115.12M	shares	Point-in-time
Goodwill	`Goodwill`	$210.36M	USD	Point-in-time
Goodwill	`Goodwill`	$209.50M	USD	Point-in-time
Noncurrent deferred income taxes	`DeferredIncomeTaxAssetsNet`	$88.82M	USD	Point-in-time
Noncurrent deferred income taxes	`DeferredIncomeTaxAssetsNet`	$101.03M	USD	Point-in-time
Total assets	`Assets`	$2.31B	USD	Point-in-time
Total assets	`Assets`	$2.27B	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$137.34M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$123.84M	USD	Point-in-time
Accrued payroll and benefit costs	`EmployeeRelatedLiabilitiesCurrent`	$684.73M	USD	Point-in-time
Accrued payroll and benefit costs	`EmployeeRelatedLiabilitiesCurrent`	$743.60M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$19.76M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$1.62M	USD	Point-in-time
Notes payable, current	`LongTermDebtCurrent`	$223.00K	USD	Point-in-time
Notes payable, current	`LongTermDebtCurrent`	$218.00K	USD	Point-in-time
Current operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$71.41M	USD	Point-in-time
Current operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$71.30M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$913.35M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$940.69M	USD	Point-in-time
Notes payable, less current portion	`LongTermDebtNoncurrent`	$181.00K	USD	Point-in-time
Notes payable, less current portion	`LongTermDebtNoncurrent`	$239.00K	USD	Point-in-time
Noncurrent operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$201.96M	USD	Point-in-time
Noncurrent operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$204.59M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$26.80M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$24.83M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.17B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.14B	USD	Point-in-time
Commitments and Contingencies (Note I)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies (Note I)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $.001 par value; authorized 5,000,000 shares; none issued	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $.001 par value; authorized 5,000,000 shares; none issued	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $.001 par value; authorized 260,000,000 shares; issued and outstanding 114,602,243 shares and 115,120,404 shares	`CommonStockValue`	$115.00K	USD	Point-in-time
Common stock, $.001 par value; authorized 260,000,000 shares; issued and outstanding 114,602,243 shares and 115,120,404 shares	`CommonStockValue`	$115.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.13B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.14B	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-33.69M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-19.99M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$22.48M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$36.07M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.06B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.13B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.14B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.08B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$2.31B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$2.27B	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Service revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.51B	USD	1 Quarter
Service revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.47B	USD	1 Quarter
Costs of services	`CostOfGoodsAndServicesSold`	$895.97M	USD	1 Quarter
Costs of services	`CostOfGoodsAndServicesSold`	$860.94M	USD	1 Quarter
Gross margin	`GrossProfit`	$607.59M	USD	1 Quarter
Gross margin	`GrossProfit`	$610.72M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$479.57M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$461.36M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$342.00K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$338.00K	USD	1 Quarter
Interest income, net	`InterestIncomeExpenseNet`	$957.00K	USD	1 Quarter
Interest income, net	`InterestIncomeExpenseNet`	$1.50M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$147.38M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$131.76M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$41.85M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$37.59M	USD	1 Quarter
Net income	`NetIncomeLoss`	$89.92M	USD	1 Quarter
Net income	`NetIncomeLoss`	$109.80M	USD	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$0.94	USD	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$0.79	USD	1 Quarter
Diluted (in usd per share)	`EarningsPerShareDiluted`	$0.79	USD	1 Quarter
Diluted (in usd per share)	`EarningsPerShareDiluted`	$0.93	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	113.19M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	117.07M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	117.97M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	113.86M	shares	1 Quarter
Dividends declared per share (in usd per share)	`CommonStockDividendsPerShareDeclared`	$0.34	USD	1 Quarter
Dividends declared per share (in usd per share)	`CommonStockDividendsPerShareDeclared`	$0.31	USD	1 Quarter

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$89.92M	USD	1 Quarter
Net income	`NetIncomeLoss`	$109.80M	USD	1 Quarter
Allowance for credit losses	`ProvisionForDoubtfulAccounts`	$4.69M	USD	1 Quarter
Allowance for credit losses	`ProvisionForDoubtfulAccounts`	$2.33M	USD	1 Quarter
Depreciation	`Depreciation`	$15.65M	USD	1 Quarter
Depreciation	`Depreciation`	$15.91M	USD	1 Quarter
Amortization of cloud computing implementation costs	`AmortizationOfCloudComputingImplementationCosts`	$3.29M	USD	1 Quarter
Amortization of cloud computing implementation costs	`AmortizationOfCloudComputingImplementationCosts`	-	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$342.00K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$338.00K	USD	1 Quarter
Stock-based compensation	`RestrictedStockExpense`	$11.24M	USD	1 Quarter
Stock-based compensation	`RestrictedStockExpense`	$13.53M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$12.02M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$5.74M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$35.29M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$36.70M	USD	1 Quarter
Capitalized cloud computing implementation costs	`IncreaseDecreaseInPrepaidExpense`	$4.75M	USD	1 Quarter
Capitalized cloud computing implementation costs	`IncreaseDecreaseInPrepaidExpense`	$10.38M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$18.19M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-11.91M	USD	1 Quarter
Accrued payroll and benefit cost	`IncreaseDecreaseInAccruedPayrollAndBenefitCost`	$-4.40M	USD	1 Quarter
Accrued payroll and benefit cost	`IncreaseDecreaseInAccruedPayrollAndBenefitCost`	$13.31M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$17.47M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$20.12M	USD	1 Quarter
Other assets and liabilities, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$1.61M	USD	1 Quarter
Other assets and liabilities, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-3.16M	USD	1 Quarter
Net cash flows provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$124.93M	USD	1 Quarter
Net cash flows provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$127.08M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$14.28M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$12.67M	USD	1 Quarter
Payments for employee deferred compensation plans	`PaymentsForEmployeeDeferredCompensationPlan`	$27.38M	USD	1 Quarter
Payments for employee deferred compensation plans	`PaymentsForEmployeeDeferredCompensationPlan`	$37.06M	USD	1 Quarter
Redemptions from employee deferred compensation plans	`PaymentsForProceedsFromOtherInvestingActivities`	$-22.99M	USD	1 Quarter
Redemptions from employee deferred compensation plans	`PaymentsForProceedsFromOtherInvestingActivities`	$-16.97M	USD	1 Quarter
Net cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-23.08M	USD	1 Quarter
Net cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-28.35M	USD	1 Quarter
Repayment of notes payable	`RepaymentsOfDebt`	$49.00K	USD	1 Quarter
Repayment of notes payable	`RepaymentsOfDebt`	$53.00K	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$72.34M	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$69.97M	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$40.48M	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$37.89M	USD	1 Quarter
Net cash flows used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-110.28M	USD	1 Quarter
Net cash flows used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-110.50M	USD	1 Quarter
Effect of exchange rate fluctuations	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-6.64M	USD	1 Quarter
Effect of exchange rate fluctuations	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-654.00K	USD	1 Quarter
Change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-6.93M	USD	1 Quarter
Change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-20.56M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$269.64M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$270.48M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$249.91M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$276.58M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$269.64M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$270.48M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$249.91M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$276.58M	USD	Point-in-time
Stock repurchases awaiting settlement	`StockRepurchasesAwaitingSettlement`	$7.33M	USD	1 Quarter
Stock repurchases awaiting settlement	`StockRepurchasesAwaitingSettlement`	-	USD	1 Quarter

Stockholders Equity 20 line items

Line Item	Tag	Value	Unit	Period
Balance at beginning of period	`StockholdersEquity`	$1.06B	USD	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$1.13B	USD	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$1.14B	USD	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$1.08B	USD	Point-in-time
Net income	`NetIncomeLoss`	$89.92M	USD	1 Quarter
Net income	`NetIncomeLoss`	$109.80M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-1.90M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-13.70M	USD	1 Quarter
Dividends declared	`DividendsCash`	$37.00M	USD	1 Quarter
Dividends declared	`DividendsCash`	$39.44M	USD	1 Quarter
Net issuances of restricted stock	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	-	USD	1 Quarter
Net issuances of restricted stock	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	-	USD	1 Quarter
Stock-based compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$13.53M	USD	1 Quarter
Stock-based compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$11.24M	USD	1 Quarter
Repurchases of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$63.50M	USD	1 Quarter
Repurchases of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$68.32M	USD	1 Quarter
Balance at end of period	`StockholdersEquity`	$1.06B	USD	Point-in-time
Balance at end of period	`StockholdersEquity`	$1.13B	USD	Point-in-time
Balance at end of period	`StockholdersEquity`	$1.14B	USD	Point-in-time
Balance at end of period	`StockholdersEquity`	$1.08B	USD	Point-in-time

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$89.92M	USD	1 Quarter
Net income	`NetIncomeLoss`	$109.80M	USD	1 Quarter
Foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-13.70M	USD	1 Quarter
Foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-1.90M	USD	1 Quarter
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$107.90M	USD	1 Quarter
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$76.22M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.