10-Q Filing

ROBERT HALF INC. CIK: 315213 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001628280-15-003944`
Period End Date	20150331
Filing Date	20150508
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	rhi-20150331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 28 Cash Flow Statement 56 Stockholders Equity 8 Comprehensive Income 6

Balance Sheet 70 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$31.27M	USD	Point-in-time
Accounts receivable, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$30.54M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$260.88M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$287.12M	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, authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Accounts receivable, less allowances of $31,269 and $30,544	`AccountsReceivableNetCurrent`	$661.25M	USD	Point-in-time
Accounts receivable, less allowances of $31,269 and $30,544	`AccountsReceivableNetCurrent`	$657.68M	USD	Point-in-time
Preferred stock, issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Current deferred income taxes	`DeferredTaxAssetsNetCurrent`	$133.15M	USD	Point-in-time
Current deferred income taxes	`DeferredTaxAssetsNetCurrent`	$128.97M	USD	Point-in-time
Preferred stock, issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$265.18M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$245.34M	USD	Point-in-time
Preferred stock, outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$1.32B	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.32B	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	260.00M	shares	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	260.00M	shares	Point-in-time
Goodwill	`Goodwill`	$199.49M	USD	Point-in-time
Goodwill	`Goodwill`	$198.26M	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	135.13M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$121.75M	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	135.07M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$120.35M	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	135.07M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	135.13M	shares	Point-in-time
Other assets	`OtherAssets`	$2.74M	USD	Point-in-time
Other assets	`OtherAssets`	$2.39M	USD	Point-in-time
Total assets	`Assets`	$1.64B	USD	Point-in-time
Total assets	`Assets`	$1.65B	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$141.70M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$175.11M	USD	Point-in-time
Accrued payroll and benefit costs	`EmployeeRelatedLiabilitiesCurrent`	$430.73M	USD	Point-in-time
Accrued payroll and benefit costs	`EmployeeRelatedLiabilitiesCurrent`	$448.12M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	-	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$35.13M	USD	Point-in-time
Current portion of notes payable and other indebtedness	`LongTermDebtCurrent`	$143.00K	USD	Point-in-time
Current portion of notes payable and other indebtedness	`LongTermDebtCurrent`	$140.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$623.36M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$607.71M	USD	Point-in-time
Notes payable and other indebtedness, less current portion	`LongTermDebtNoncurrent`	$1.12M	USD	Point-in-time
Notes payable and other indebtedness, less current portion	`LongTermDebtNoncurrent`	$1.16M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$43.84M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$42.89M	USD	Point-in-time
Total liabilities	`Liabilities`	$652.66M	USD	Point-in-time
Total liabilities	`Liabilities`	$667.41M	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies	`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 135,072,349 shares and 135,134,064 shares	`CommonStockValue`	$135.00K	USD	Point-in-time
Common stock, $.001 par value authorized 260,000,000 shares; issued and outstanding 135,072,349 shares and 135,134,064 shares	`CommonStockValue`	$135.00K	USD	Point-in-time
Capital surplus	`AdditionalPaidInCapital`	$942.36M	USD	Point-in-time
Capital surplus	`AdditionalPaidInCapital`	$928.16M	USD	Point-in-time
Accumulated other comprehensive (loss) income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-5.23M	USD	Point-in-time
Accumulated other comprehensive (loss) income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$14.73M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$47.36M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$36.84M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$979.86M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$984.62M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.65B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.64B	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Net service revenues	`SalesRevenueServicesNet`	$1.08B	USD	1 Quarter
Net service revenues	`SalesRevenueServicesNet`	$1.21B	USD	1 Quarter
Direct costs of services, consisting of payroll, payroll taxes, benefit costs and reimbursable expenses	`CostOfServices`	$711.48M	USD	1 Quarter
Direct costs of services, consisting of payroll, payroll taxes, benefit costs and reimbursable expenses	`CostOfServices`	$645.85M	USD	1 Quarter
Gross margin	`GrossProfit`	$438.50M	USD	1 Quarter
Gross margin	`GrossProfit`	$494.09M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$336.39M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$365.99M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	-	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$333.00K	USD	1 Quarter
Interest income, net	`InterestIncomeExpenseNet`	$72.00K	USD	1 Quarter
Interest income, net	`InterestIncomeExpenseNet`	$238.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$102.01M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$128.17M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$40.46M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$50.25M	USD	1 Quarter
Net income	`NetIncomeLoss`	$77.92M	USD	1 Quarter
Net income	`NetIncomeLoss`	$61.55M	USD	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$0.45	USD	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$0.59	USD	1 Quarter
Diluted (in usd per share)	`EarningsPerShareDiluted`	$0.58	USD	1 Quarter
Diluted (in usd per share)	`EarningsPerShareDiluted`	$0.45	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	135.33M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	133.08M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	136.16M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	134.29M	shares	1 Quarter
Cash dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.18	USD	1 Quarter
Cash dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.20	USD	1 Quarter

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$77.92M	USD	1 Quarter
Net income	`NetIncomeLoss`	$61.55M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	-	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$333.00K	USD	1 Quarter
Depreciation expense	`Depreciation`	$12.20M	USD	1 Quarter
Depreciation expense	`Depreciation`	$13.01M	USD	1 Quarter
Stock-based compensation expenserestricted stock and stock units	`RestrictedStockExpense`	$8.77M	USD	1 Quarter
Stock-based compensation expenserestricted stock and stock units	`RestrictedStockExpense`	$8.84M	USD	1 Quarter
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$4.26M	USD	1 Quarter
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$707.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$8.04M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$2.71M	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$3.46M	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$2.55M	USD	1 Quarter
Increase in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$38.91M	USD	1 Quarter
Increase in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$22.43M	USD	1 Quarter
Decrease in accounts payable, accrued expenses, accrued payroll and benefit costs	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-23.23M	USD	1 Quarter
Decrease in accounts payable, accrued expenses, accrued payroll and benefit costs	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-14.23M	USD	1 Quarter
Increase in income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$37.50M	USD	1 Quarter
Increase in income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$31.32M	USD	1 Quarter
Change in other assets, net of change in other liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$7.27M	USD	1 Quarter
Change in other assets, net of change in other liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$13.46M	USD	1 Quarter
Net cash flows provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$84.48M	USD	1 Quarter
Net cash flows provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$59.23M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$12.44M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$13.35M	USD	1 Quarter
Payments to trusts for employee deferred compensation plans	`PaymentsForProceedsFromOtherInvestingActivities`	$7.46M	USD	1 Quarter
Payments to trusts for employee deferred compensation 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`	$-20.80M	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$35.02M	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$59.20M	USD	1 Quarter
Cash dividends paid	`PaymentsOfDividends`	$24.39M	USD	1 Quarter
Cash dividends paid	`PaymentsOfDividends`	$27.38M	USD	1 Quarter
Payments for notes payable and other indebtedness	`ProceedsFromRepaymentsOfDebt`	$-31.00K	USD	1 Quarter
Payments for notes payable and other indebtedness	`ProceedsFromRepaymentsOfDebt`	$-34.00K	USD	1 Quarter
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$707.00K	USD	1 Quarter
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$4.26M	USD	1 Quarter
Proceeds from exercises of stock options	`ProceedsFromStockOptionsExercised`	$1.11M	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`	$-81.24M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$541.00K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-8.68M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-8.03M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-26.23M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$260.88M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$287.12M	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`	$260.88M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$287.12M	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	`StockRepurchasesAwaitingSettlement`	$11.31M	USD	1 Quarter
Stock Repurchases Awaiting Settlement	`StockRepurchasesAwaitingSettlement`	$8.27M	USD	1 Quarter

Stockholders Equity 8 line items

Line Item	Tag	Value	Unit	Period
Balance at beginning of period	`StockholdersEquity`	$979.86M	USD	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$984.62M	USD	Point-in-time
Foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-19.96M	USD	1 Quarter
Foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$405.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$77.92M	USD	1 Quarter
Net income	`NetIncomeLoss`	$61.55M	USD	1 Quarter
Balance at end of period	`StockholdersEquity`	$979.86M	USD	Point-in-time
Balance at end of period	`StockholdersEquity`	$984.62M	USD	Point-in-time

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$77.92M	USD	1 Quarter
Net income	`NetIncomeLoss`	$61.55M	USD	1 Quarter
Foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-19.96M	USD	1 Quarter
Foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$405.00K	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$61.96M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$57.96M	USD	1 Quarter

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