10-Q Filing

ROBERT HALF INC. CIK: 315213 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001628280-16-015802`
Period End Date	20160331
Filing Date	20160506
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	rhi-20160331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 28 Cash Flow Statement 56 Stockholders Equity 8 Comprehensive Income 6

Balance Sheet 72 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$34.06M	USD	Point-in-time
Accounts receivable, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$35.09M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$224.58M	USD	Point-in-time
Preferred stock, par value (in usd per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$287.12M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$214.12M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$260.88M	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
Preferred stock, authorized (in shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Accounts receivable, less allowances of $34,063 and $35,087	`AccountsReceivableNetCurrent`	$734.38M	USD	Point-in-time
Accounts receivable, less allowances of $34,063 and $35,087	`AccountsReceivableNetCurrent`	$704.64M	USD	Point-in-time
Current deferred income taxes	`DeferredTaxAssetsNetCurrent`	$145.68M	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
Current deferred income taxes	`DeferredTaxAssetsNetCurrent`	$145.40M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$268.78M	USD	Point-in-time
Preferred stock, outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$286.31M	USD	Point-in-time
Preferred stock, outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$1.38B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.34B	USD	Point-in-time
Common stock, par value (in usd per shares)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in usd per shares)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Goodwill	`Goodwill`	$208.58M	USD	Point-in-time
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	260.00M	shares	Point-in-time
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	260.00M	shares	Point-in-time
Goodwill	`Goodwill`	$209.12M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$4.51M	USD	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	131.32M	shares	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$4.22M	USD	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	131.16M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$147.93M	USD	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	131.32M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$142.91M	USD	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	131.16M	shares	Point-in-time
Other assets	`OtherAssets`	$3.29M	USD	Point-in-time
Other assets	`OtherAssets`	$3.39M	USD	Point-in-time
Total assets	`Assets`	$1.74B	USD	Point-in-time
Total assets	`Assets`	$1.70B	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$148.11M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$139.03M	USD	Point-in-time
Accrued payroll and benefit costs	`EmployeeRelatedLiabilitiesCurrent`	$504.78M	USD	Point-in-time
Accrued payroll and benefit costs	`EmployeeRelatedLiabilitiesCurrent`	$472.72M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$2.51M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$43.42M	USD	Point-in-time
Current portion of notes payable and other indebtedness	`LongTermDebtCurrent`	$153.00K	USD	Point-in-time
Current portion of notes payable and other indebtedness	`LongTermDebtCurrent`	$156.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$655.32M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$655.55M	USD	Point-in-time
Notes payable and other indebtedness, less current portion	`LongTermDebtNoncurrent`	$1.01M	USD	Point-in-time
Notes payable and other indebtedness, less current portion	`LongTermDebtNoncurrent`	$966.00K	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$43.63M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$42.62M	USD	Point-in-time
Total liabilities	`Liabilities`	$699.91M	USD	Point-in-time
Total liabilities	`Liabilities`	$699.18M	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 131,318,173 shares and 131,156,043 shares	`CommonStockValue`	$131.00K	USD	Point-in-time
Common stock, $.001 par value authorized 260,000,000 shares; issued and outstanding 131,318,173 shares and 131,156,043 shares	`CommonStockValue`	$131.00K	USD	Point-in-time
Capital surplus	`AdditionalPaidInCapital`	$989.42M	USD	Point-in-time
Capital surplus	`AdditionalPaidInCapital`	$979.48M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-10.29M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-2.31M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$34.47M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$57.70M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.04B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.00B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.74B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.70B	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Net service revenues	`SalesRevenueServicesNet`	$1.21B	USD	1 Quarter
Net service revenues	`SalesRevenueServicesNet`	$1.30B	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`	$770.65M	USD	1 Quarter
Gross margin	`GrossProfit`	$531.97M	USD	1 Quarter
Gross margin	`GrossProfit`	$494.09M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$398.07M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$365.99M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$288.00K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	-	USD	1 Quarter
Interest income, net	`InterestIncomeExpenseNet`	$72.00K	USD	1 Quarter
Interest income, net	`InterestIncomeExpenseNet`	$181.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$128.17M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$133.79M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$50.25M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$50.38M	USD	1 Quarter
Net income	`NetIncomeLoss`	$83.42M	USD	1 Quarter
Net income	`NetIncomeLoss`	$77.92M	USD	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$0.59	USD	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$0.65	USD	1 Quarter
Diluted (in usd per share)	`EarningsPerShareDiluted`	$0.58	USD	1 Quarter
Diluted (in usd per share)	`EarningsPerShareDiluted`	$0.64	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	129.28M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	133.08M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	134.29M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	130.14M	shares	1 Quarter
Cash dividends declared per share (in usd per share)	`CommonStockDividendsPerShareDeclared`	$0.22	USD	1 Quarter
Cash dividends declared per share (in usd per share)	`CommonStockDividendsPerShareDeclared`	$0.20	USD	1 Quarter

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$83.42M	USD	1 Quarter
Net income	`NetIncomeLoss`	$77.92M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$288.00K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	-	USD	1 Quarter
Depreciation expense	`Depreciation`	$13.01M	USD	1 Quarter
Depreciation expense	`Depreciation`	$15.12M	USD	1 Quarter
Stock-based compensation expenserestricted stock and stock units	`RestrictedStockExpense`	$10.35M	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`	$395.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-835.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$8.04M	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$1.23M	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$2.55M	USD	1 Quarter
Increase in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$25.38M	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`	$-35.10M	USD	1 Quarter
Decrease in accounts payable, accrued expenses, accrued payroll and benefit costs	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-23.23M	USD	1 Quarter
Increase in income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$37.50M	USD	1 Quarter
Increase in income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$42.28M	USD	1 Quarter
Change in other assets, net of change in other liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$12.48M	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`	$78.49M	USD	1 Quarter
Net cash flows provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$84.48M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$13.35M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$18.81M	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`	$5.36M	USD	1 Quarter
Net cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-20.80M	USD	1 Quarter
Net cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-24.17M	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$59.20M	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$40.18M	USD	1 Quarter
Cash dividends paid	`PaymentsOfDividends`	$28.75M	USD	1 Quarter
Cash dividends paid	`PaymentsOfDividends`	$27.38M	USD	1 Quarter
Payments for notes payable and other indebtedness	`ProceedsFromRepaymentsOfDebt`	$-38.00K	USD	1 Quarter
Payments for notes payable and other indebtedness	`ProceedsFromRepaymentsOfDebt`	$-34.00K	USD	1 Quarter
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$4.26M	USD	1 Quarter
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$395.00K	USD	1 Quarter
Proceeds from exercises of stock options	`ProceedsFromStockOptionsExercised`	$1.11M	USD	1 Quarter
Proceeds from exercises of stock options	`ProceedsFromStockOptionsExercised`	$60.00K	USD	1 Quarter
Net cash flows used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-68.51M	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`	$-8.68M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$3.74M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-10.46M	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`	$224.58M	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`	$214.12M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$260.88M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$224.58M	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`	$214.12M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$260.88M	USD	Point-in-time
Stock repurchases awaiting settlement	`StockRepurchasesAwaitingSettlement`	$11.31M	USD	1 Quarter
Stock repurchases awaiting settlement	`StockRepurchasesAwaitingSettlement`	$3.12M	USD	1 Quarter

Stockholders Equity 8 line items

Line Item	Tag	Value	Unit	Period
Balance at beginning of period	`StockholdersEquity`	$1.04B	USD	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$1.00B	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`	$7.99M	USD	1 Quarter
Net income	`NetIncomeLoss`	$83.42M	USD	1 Quarter
Net income	`NetIncomeLoss`	$77.92M	USD	1 Quarter
Balance at end of period	`StockholdersEquity`	$1.04B	USD	Point-in-time
Balance at end of period	`StockholdersEquity`	$1.00B	USD	Point-in-time

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$83.42M	USD	1 Quarter
Net income	`NetIncomeLoss`	$77.92M	USD	1 Quarter
Foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-19.96M	USD	1 Quarter
Foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$7.99M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$91.40M	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.