10-Q Filing

ROBERT HALF INC. CIK: 315213 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001628280-18-005819`
Period End Date	20180331
Filing Date	20180503
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	rhi-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 28 Cash Flow Statement 50 Stockholders Equity 8 Comprehensive Income 6

Balance Sheet 70 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$22.38M	USD	Point-in-time
Accounts receivable, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$33.18M	USD	Point-in-time
Preferred stock, par value (in usd per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$294.75M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$260.14M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$291.99M	USD	Point-in-time
Preferred stock, par value (in usd per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$260.20M	USD	Point-in-time
Accounts receivable, less allowances of $22,375 and $33,181	`AccountsReceivableNetCurrent`	$784.89M	USD	Point-in-time
Preferred stock, authorized (in shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Accounts receivable, less allowances of $22,375 and $33,181	`AccountsReceivableNetCurrent`	$732.40M	USD	Point-in-time
Preferred stock, authorized (in shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$391.58M	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
Other current assets	`OtherAssetsCurrent`	$404.71M	USD	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
Total current assets	`AssetsCurrent`	$1.43B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.47B	USD	Point-in-time
Goodwill	`Goodwill`	$210.88M	USD	Point-in-time
Goodwill	`Goodwill`	$210.83M	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
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	260.00M	shares	Point-in-time
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	260.00M	shares	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$4.55M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$4.95M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$144.89M	USD	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	123.56M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$136.84M	USD	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	124.26M	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$74.87M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$73.18M	USD	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	123.56M	shares	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	124.26M	shares	Point-in-time
Total assets	`Assets`	$1.89B	USD	Point-in-time
Total assets	`Assets`	$1.87B	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$146.11M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$126.94M	USD	Point-in-time
Accrued payroll and benefit costs	`EmployeeRelatedLiabilitiesCurrent`	$612.90M	USD	Point-in-time
Accrued payroll and benefit costs	`EmployeeRelatedLiabilitiesCurrent`	$608.42M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$9.73M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$7.88M	USD	Point-in-time
Current portion of notes payable and other indebtedness	`LongTermDebtCurrent`	$187.00K	USD	Point-in-time
Current portion of notes payable and other indebtedness	`LongTermDebtCurrent`	$183.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$764.44M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$747.90M	USD	Point-in-time
Notes payable and other indebtedness, less current portion	`LongTermDebtNoncurrent`	$657.00K	USD	Point-in-time
Notes payable and other indebtedness, less current portion	`LongTermDebtNoncurrent`	$608.00K	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$13.64M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$14.02M	USD	Point-in-time
Total liabilities	`Liabilities`	$779.06M	USD	Point-in-time
Total liabilities	`Liabilities`	$762.19M	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 123,562,571 shares and 124,261,458 shares	`CommonStockValue`	$124.00K	USD	Point-in-time
Common stock, $.001 par value authorized 260,000,000 shares; issued and outstanding 123,562,571 shares and 124,261,458 shares	`CommonStockValue`	$124.00K	USD	Point-in-time
Capital surplus	`AdditionalPaidInCapital`	$1.08B	USD	Point-in-time
Capital surplus	`AdditionalPaidInCapital`	$1.06B	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$3.51M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$9.02M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$37.03M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$30.50M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.11B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.11B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.87B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.89B	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Net service revenues	`SalesRevenueServicesNet`	$1.40B	USD	1 Quarter
Net service revenues	`SalesRevenueServicesNet`	$1.29B	USD	1 Quarter
Direct costs of services, consisting of payroll, payroll taxes, benefit costs and reimbursable expenses	`CostOfServices`	$822.97M	USD	1 Quarter
Direct costs of services, consisting of payroll, payroll taxes, benefit costs and reimbursable expenses	`CostOfServices`	$761.54M	USD	1 Quarter
Gross margin	`GrossProfit`	$525.83M	USD	1 Quarter
Gross margin	`GrossProfit`	$572.37M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$400.25M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$438.00M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$463.00K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$301.00K	USD	1 Quarter
Interest income, net	`InterestIncomeExpenseNet`	$223.00K	USD	1 Quarter
Interest income, net	`InterestIncomeExpenseNet`	$735.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$125.50M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$134.64M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$46.98M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$38.47M	USD	1 Quarter
Net income	`NetIncomeLoss`	$78.52M	USD	1 Quarter
Net income	`NetIncomeLoss`	$96.17M	USD	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$0.63	USD	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$0.79	USD	1 Quarter
Diluted (in usd per share)	`EarningsPerShareDiluted`	$0.62	USD	1 Quarter
Diluted (in usd per share)	`EarningsPerShareDiluted`	$0.78	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	125.54M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	121.93M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	126.42M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	122.89M	shares	1 Quarter
Cash dividends declared per share (in usd per share)	`CommonStockDividendsPerShareDeclared`	$0.24	USD	1 Quarter
Cash dividends declared per share (in usd per share)	`CommonStockDividendsPerShareDeclared`	$0.28	USD	1 Quarter

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$78.52M	USD	1 Quarter
Net income	`NetIncomeLoss`	$96.17M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$463.00K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$301.00K	USD	1 Quarter
Depreciation expense	`Depreciation`	$15.90M	USD	1 Quarter
Depreciation expense	`Depreciation`	$16.25M	USD	1 Quarter
Stock-based compensation expenserestricted stock and stock units	`RestrictedStockExpense`	$10.56M	USD	1 Quarter
Stock-based compensation expenserestricted stock and stock units	`RestrictedStockExpense`	$9.86M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$1.70M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$10.56M	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$1.78M	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$1.70M	USD	1 Quarter
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-4.30M	USD	1 Quarter
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$49.79M	USD	1 Quarter
Increase (decrease) in accounts payable, accrued expenses, accrued payroll and benefit costs	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$13.53M	USD	1 Quarter
Increase (decrease) in accounts payable, accrued expenses, accrued payroll and benefit costs	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-7.50M	USD	1 Quarter
Increase in income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$27.86M	USD	1 Quarter
Increase in income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$27.07M	USD	1 Quarter
Change in other assets, net of change in other liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$17.99M	USD	1 Quarter
Change in other assets, net of change in other liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$1.50M	USD	1 Quarter
Net cash flows provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$116.22M	USD	1 Quarter
Net cash flows provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$123.50M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$7.96M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$10.34M	USD	1 Quarter
Payments to trusts for employee deferred compensation plans	`PaymentsForProceedsFromOtherInvestingActivities`	$4.94M	USD	1 Quarter
Payments to trusts for employee deferred compensation plans	`PaymentsForProceedsFromOtherInvestingActivities`	$10.59M	USD	1 Quarter
Net cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-18.55M	USD	1 Quarter
Net cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-15.27M	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$68.49M	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$80.69M	USD	1 Quarter
Cash dividends paid	`PaymentsOfDividends`	$34.92M	USD	1 Quarter
Cash dividends paid	`PaymentsOfDividends`	$30.60M	USD	1 Quarter
Payments for notes payable and other indebtedness	`ProceedsFromRepaymentsOfDebt`	$-41.00K	USD	1 Quarter
Payments for notes payable and other indebtedness	`ProceedsFromRepaymentsOfDebt`	$-44.00K	USD	1 Quarter
Net cash flows used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-111.33M	USD	1 Quarter
Net cash flows used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-103.45M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$3.04M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$3.02M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.77M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-58.00K	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$294.75M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$260.14M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$291.99M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$260.20M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$294.75M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$260.14M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$291.99M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$260.20M	USD	Point-in-time
Stock repurchases awaiting settlement	`StockRepurchasesAwaitingSettlement`	$2.30M	USD	1 Quarter
Stock repurchases awaiting settlement	`StockRepurchasesAwaitingSettlement`	-	USD	1 Quarter

Stockholders Equity 8 line items

Line Item	Tag	Value	Unit	Period
Balance at beginning of period	`StockholdersEquity`	$1.11B	USD	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$1.11B	USD	Point-in-time
Net income	`NetIncomeLoss`	$78.52M	USD	1 Quarter
Net income	`NetIncomeLoss`	$96.17M	USD	1 Quarter
Foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$5.51M	USD	1 Quarter
Foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$4.86M	USD	1 Quarter
Balance at end of period	`StockholdersEquity`	$1.11B	USD	Point-in-time
Balance at end of period	`StockholdersEquity`	$1.11B	USD	Point-in-time

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$78.52M	USD	1 Quarter
Net income	`NetIncomeLoss`	$96.17M	USD	1 Quarter
Foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$5.51M	USD	1 Quarter
Foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$4.86M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$101.67M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$83.39M	USD	1 Quarter

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