10-Q Filing

ROBERT HALF INC. CIK: 315213 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0001193125-14-191961`
Period End Date	20140331
Filing Date	20140509
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	rhi-20140331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 71 Income Statement 30 Cash Flow Statement 55 Stockholders Equity 8 Comprehensive Income 6

Balance Sheet 71 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$29.36M	USD	Point-in-time
Accounts receivable, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$27.26M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$225.35M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$287.63M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$275.76M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$267.74M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable, less allowances of $29,361 and $27,261	`AccountsReceivableNetCurrent`	$587.25M	USD	Point-in-time
Accounts receivable, less allowances of $29,361 and $27,261	`AccountsReceivableNetCurrent`	$551.90M	USD	Point-in-time
Preferred stock, authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Current deferred income taxes	`DeferredTaxAssetsNetCurrent`	$112.88M	USD	Point-in-time
Current deferred income taxes	`DeferredTaxAssetsNetCurrent`	$111.57M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$231.98M	USD	Point-in-time
Preferred stock, outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$220.76M	USD	Point-in-time
Preferred stock, outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$1.19B	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.17B	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Goodwill	`Goodwill`	$200.50M	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	260.00M	shares	Point-in-time
Goodwill	`Goodwill`	$200.83M	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	260.00M	shares	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$222.00K	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	137.47M	shares	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$556.00K	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	137.47M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	137.47M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	137.47M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$112.64M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$111.59M	USD	Point-in-time
Other assets	`OtherAssets`	$3.71M	USD	Point-in-time
Other assets	`OtherAssets`	$3.71M	USD	Point-in-time
Total assets	`Assets`	$1.50B	USD	Point-in-time
Total assets	`Assets`	$1.49B	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$137.94M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$139.68M	USD	Point-in-time
Accrued payroll costs and retirement obligations	`EmployeeRelatedLiabilitiesCurrent`	$396.04M	USD	Point-in-time
Accrued payroll costs and retirement obligations	`EmployeeRelatedLiabilitiesCurrent`	$392.24M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$7.24M	USD	Point-in-time
Current portion of notes payable and other indebtedness	`LongTermDebtCurrent`	$131.00K	USD	Point-in-time
Current portion of notes payable and other indebtedness	`LongTermDebtCurrent`	$128.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$535.85M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$537.55M	USD	Point-in-time
Notes payable and other indebtedness, less current portion	`LongTermDebtNoncurrent`	$1.30M	USD	Point-in-time
Notes payable and other indebtedness, less current portion	`LongTermDebtNoncurrent`	$1.27M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$33.48M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$32.37M	USD	Point-in-time
Total liabilities	`Liabilities`	$570.63M	USD	Point-in-time
Total liabilities	`Liabilities`	$571.18M	USD	Point-in-time
Commitments and Contingencies (Note G)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies (Note G)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $.001 par value authorized 5,000,000 shares; issued and outstanding zero shares	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $.001 par value authorized 5,000,000 shares; issued and outstanding zero shares	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $.001 par value authorized 260,000,000 shares; issued and outstanding 137,472,756 shares and 137,466,421 shares	`CommonStockValue`	$137.00K	USD	Point-in-time
Common stock, $.001 par value authorized 260,000,000 shares; issued and outstanding 137,472,756 shares and 137,466,421 shares	`CommonStockValue`	$137.00K	USD	Point-in-time
Capital surplus	`AdditionalPaidInCapital`	$886.70M	USD	Point-in-time
Capital surplus	`AdditionalPaidInCapital`	$868.12M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$38.07M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$38.48M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$6.84M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$13.31M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$932.15M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$919.64M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.49B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.50B	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Net service revenues	`SalesRevenueServicesNet`	$1.08B	USD	1 Quarter
Net service revenues	`SalesRevenueServicesNet`	$1.02B	USD	1 Quarter
Direct costs of services, consisting of payroll, payroll taxes, insurance costs and reimbursable expenses	`CostOfServices`	$613.39M	USD	1 Quarter
Direct costs of services, consisting of payroll, payroll taxes, insurance costs and reimbursable expenses	`CostOfServices`	$645.85M	USD	1 Quarter
Gross margin	`GrossProfit`	$410.29M	USD	1 Quarter
Gross margin	`GrossProfit`	$438.50M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$336.39M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$320.79M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$333.00K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$433.00K	USD	1 Quarter
Interest income, net	`InterestIncomeExpenseNet`	$238.00K	USD	1 Quarter
Interest income, net	`InterestIncomeExpenseNet`	$304.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$102.01M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$89.38M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$40.46M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$33.51M	USD	1 Quarter
Net income	`NetIncomeLoss`	$61.55M	USD	1 Quarter
Net income	`NetIncomeLoss`	$55.86M	USD	1 Quarter
Net income available to common stockholders-diluted	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$61.55M	USD	1 Quarter
Net income available to common stockholders-diluted	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$55.86M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.41	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.45	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.40	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.45	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	137.31M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	135.33M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	138.39M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	136.16M	shares	1 Quarter
Cash dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.16	USD	1 Quarter
Cash dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.18	USD	1 Quarter

Cash Flow Statement 55 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$61.55M	USD	1 Quarter
Net income	`NetIncomeLoss`	$55.86M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$333.00K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$433.00K	USD	1 Quarter
Depreciation expense	`Depreciation`	$12.20M	USD	1 Quarter
Depreciation expense	`Depreciation`	$11.75M	USD	1 Quarter
Stock-based compensation expense-restricted stock and stock units	`RestrictedStockExpense`	$8.21M	USD	1 Quarter
Stock-based compensation expense-restricted stock and stock units	`RestrictedStockExpense`	$8.77M	USD	1 Quarter
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$992.00K	USD	1 Quarter
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$707.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-4.12M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$2.71M	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$2.64M	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$3.46M	USD	1 Quarter
Increase in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$42.60M	USD	1 Quarter
Increase in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$38.91M	USD	1 Quarter
Decrease in accounts payable, accrued expenses, accrued payroll costs and retirement obligations	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-25.01M	USD	1 Quarter
Decrease in accounts payable, accrued expenses, accrued payroll costs and retirement obligations	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-14.23M	USD	1 Quarter
Increase in income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$31.32M	USD	1 Quarter
Increase in income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$31.09M	USD	1 Quarter
Change in other assets, net of change in other liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$9.38M	USD	1 Quarter
Change in other assets, net of change in other liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$7.27M	USD	1 Quarter
Net cash flows provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$59.23M	USD	1 Quarter
Net cash flows provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$27.89M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.08M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$12.44M	USD	1 Quarter
Increase in trusts for employee benefits and retirement plans	`PaymentsForProceedsFromOtherInvestingActivities`	$29.67M	USD	1 Quarter
Increase in trusts for employee benefits and retirement plans	`PaymentsForProceedsFromOtherInvestingActivities`	$5.28M	USD	1 Quarter
Net cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-17.73M	USD	1 Quarter
Net cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-37.75M	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$45.67M	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$35.02M	USD	1 Quarter
Cash dividends paid	`PaymentsOfDividends`	$22.02M	USD	1 Quarter
Cash dividends paid	`PaymentsOfDividends`	$24.39M	USD	1 Quarter
Decrease in notes payable and other indebtedness	`ProceedsFromRepaymentsOfDebt`	$-2.64M	USD	1 Quarter
Decrease in notes payable and other indebtedness	`ProceedsFromRepaymentsOfDebt`	$-31.00K	USD	1 Quarter
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$992.00K	USD	1 Quarter
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$707.00K	USD	1 Quarter
Proceeds from exercises of stock options	`ProceedsFromStockOptionsExercised`	$19.94M	USD	1 Quarter
Proceeds from exercises of stock options	`ProceedsFromStockOptionsExercised`	$8.68M	USD	1 Quarter
Net cash flows used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-50.07M	USD	1 Quarter
Net cash flows used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-49.41M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-3.01M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$541.00K	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-8.03M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-62.28M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$225.35M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$287.63M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$275.76M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$267.74M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$225.35M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$287.63M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$275.76M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$267.74M	USD	Point-in-time
Stock repurchases awaiting settlement	`ShareRepurchasesAwaitingSettlement`	$8.27M	USD	1 Quarter

Stockholders Equity 8 line items

Line Item	Tag	Value	Unit	Period
Balance at beginning of period	`StockholdersEquity`	$932.15M	USD	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$919.64M	USD	Point-in-time
Net income	`NetIncomeLoss`	$61.55M	USD	1 Quarter
Net income	`NetIncomeLoss`	$55.86M	USD	1 Quarter
Foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-5.77M	USD	1 Quarter
Foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$405.00K	USD	1 Quarter
Balance at end of period	`StockholdersEquity`	$932.15M	USD	Point-in-time
Balance at end of period	`StockholdersEquity`	$919.64M	USD	Point-in-time

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$61.55M	USD	1 Quarter
Net income	`NetIncomeLoss`	$55.86M	USD	1 Quarter
Foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-5.77M	USD	1 Quarter
Foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$405.00K	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$50.09M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$61.96M	USD	1 Quarter

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