10-Q Filing

ROBERT HALF INC. CIK: 315213 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0001628280-19-005908`
Period End Date	20190331
Filing Date	20190506
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	rhi3311910q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 71 Income Statement 28 Cash Flow Statement 50 Stockholders Equity 8 Comprehensive Income 6

Balance Sheet 71 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$26.50M	USD	Point-in-time
Accounts receivable, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$27.68M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$276.58M	USD	Point-in-time
Preferred stock, par value (in usd per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$269.64M	USD	Point-in-time
Preferred stock, par value (in usd per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable, less allowances of $26,501 and $27,678	`AccountsReceivableNetCurrent`	$826.37M	USD	Point-in-time
Accounts receivable, less allowances of $26,501 and $27,678	`AccountsReceivableNetCurrent`	$794.45M	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
Preferred stock, issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$402.58M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$436.01M	USD	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
Total current assets	`AssetsCurrent`	$1.47B	USD	Point-in-time
Preferred stock, outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$1.53B	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`	$210.13M	USD	Point-in-time
Goodwill	`Goodwill`	$209.96M	USD	Point-in-time
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	260.00M	shares	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$2.77M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$3.15M	USD	Point-in-time
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	260.00M	shares	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	119.08M	shares	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	118.32M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$125.52M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$125.18M	USD	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	118.32M	shares	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	119.08M	shares	Point-in-time
Right-of-use assets	`OperatingLeaseRightOfUseAsset`	$248.69M	USD	Point-in-time
Noncurrent deferred income taxes	`DeferredIncomeTaxAssetsNet`	$85.48M	USD	Point-in-time
Noncurrent deferred income taxes	`DeferredIncomeTaxAssetsNet`	$91.20M	USD	Point-in-time
Total assets	`Assets`	$2.20B	USD	Point-in-time
Total assets	`Assets`	$1.90B	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$131.72M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$168.03M	USD	Point-in-time
Accrued payroll and benefit costs	`EmployeeRelatedLiabilitiesCurrent`	$670.35M	USD	Point-in-time
Accrued payroll and benefit costs	`EmployeeRelatedLiabilitiesCurrent`	$638.77M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$27.39M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$12.54M	USD	Point-in-time
Current portion of notes payable and other indebtedness	`LongTermDebtCurrent`	$204.00K	USD	Point-in-time
Current portion of notes payable and other indebtedness	`LongTermDebtCurrent`	$200.00K	USD	Point-in-time
Current operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$71.06M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$900.73M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$819.54M	USD	Point-in-time
Notes payable and other indebtedness, less current portion	`LongTermDebtNoncurrent`	$404.00K	USD	Point-in-time
Notes payable and other indebtedness, less current portion	`LongTermDebtNoncurrent`	$457.00K	USD	Point-in-time
Noncurrent operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$205.61M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$19.91M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$20.83M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.13B	USD	Point-in-time
Total liabilities	`Liabilities`	$839.90M	USD	Point-in-time
Commitments and Contingencies (Note H)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies (Note H)	`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 118,320,896 shares and 119,078,491 shares	`CommonStockValue`	$119.00K	USD	Point-in-time
Common stock, $.001 par value authorized 260,000,000 shares; issued and outstanding 118,320,896 shares and 119,078,491 shares	`CommonStockValue`	$118.00K	USD	Point-in-time
Capital surplus	`AdditionalPaidInCapital`	$1.08B	USD	Point-in-time
Capital surplus	`AdditionalPaidInCapital`	$1.09B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-18.01M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-16.11M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	-	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$4.49M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.08B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.06B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$2.20B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.90B	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Net service revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.47B	USD	1 Quarter
Net service revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.40B	USD	1 Quarter
Direct costs of services, consisting of payroll, payroll taxes, benefit costs and reimbursable expenses	`CostOfGoodsAndServicesSold`	$822.97M	USD	1 Quarter
Direct costs of services, consisting of payroll, payroll taxes, benefit costs and reimbursable expenses	`CostOfGoodsAndServicesSold`	$860.94M	USD	1 Quarter
Gross margin	`GrossProfit`	$572.37M	USD	1 Quarter
Gross margin	`GrossProfit`	$607.59M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$438.00M	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`	$463.00K	USD	1 Quarter
Interest income, net	`InterestIncomeExpenseNet`	$1.50M	USD	1 Quarter
Interest income, net	`InterestIncomeExpenseNet`	$735.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$134.64M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$147.38M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$37.59M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$38.47M	USD	1 Quarter
Net income	`NetIncomeLoss`	$96.17M	USD	1 Quarter
Net income	`NetIncomeLoss`	$109.80M	USD	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$0.79	USD	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$0.94	USD	1 Quarter
Diluted (in usd per share)	`EarningsPerShareDiluted`	$0.78	USD	1 Quarter
Diluted (in usd per share)	`EarningsPerShareDiluted`	$0.93	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	117.07M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	121.93M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	122.89M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	117.97M	shares	1 Quarter
Cash dividends declared per share (in usd per share)	`CommonStockDividendsPerShareDeclared`	$0.28	USD	1 Quarter
Cash dividends declared per share (in usd per share)	`CommonStockDividendsPerShareDeclared`	$0.31	USD	1 Quarter

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$96.17M	USD	1 Quarter
Net income	`NetIncomeLoss`	$109.80M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$342.00K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$463.00K	USD	1 Quarter
Depreciation expense	`Depreciation`	$15.65M	USD	1 Quarter
Depreciation expense	`Depreciation`	$16.25M	USD	1 Quarter
Stock-based compensation expenserestricted stock and stock units	`RestrictedStockExpense`	$11.24M	USD	1 Quarter
Stock-based compensation expenserestricted stock and stock units	`RestrictedStockExpense`	$10.56M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$1.70M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$5.74M	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$2.33M	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$1.78M	USD	1 Quarter
Increase in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$49.79M	USD	1 Quarter
Increase in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$35.29M	USD	1 Quarter
Increase in accounts payable, accrued expenses, accrued payroll and benefit costs	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$13.53M	USD	1 Quarter
Increase in accounts payable, accrued expenses, accrued payroll and benefit costs	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.40M	USD	1 Quarter
Increase in income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$27.07M	USD	1 Quarter
Increase in income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$17.47M	USD	1 Quarter
Change in other assets, net of change in other liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$1.59M	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	`NetCashProvidedByUsedInOperatingActivities`	$127.08M	USD	1 Quarter
Net cash flows provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$116.22M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$7.96M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$12.67M	USD	1 Quarter
Payments to trusts for employee deferred compensation plans	`PaymentsForProceedsFromOtherInvestingActivities`	$10.59M	USD	1 Quarter
Payments to trusts for employee deferred compensation plans	`PaymentsForProceedsFromOtherInvestingActivities`	$10.41M	USD	1 Quarter
Net cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-23.08M	USD	1 Quarter
Net cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-18.55M	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$68.49M	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$72.34M	USD	1 Quarter
Cash dividends paid	`PaymentsOfDividends`	$34.92M	USD	1 Quarter
Cash dividends paid	`PaymentsOfDividends`	$37.89M	USD	1 Quarter
Payments for notes payable and other indebtedness	`ProceedsFromRepaymentsOfDebt`	$-44.00K	USD	1 Quarter
Payments for notes payable and other indebtedness	`ProceedsFromRepaymentsOfDebt`	$-49.00K	USD	1 Quarter
Net cash flows used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-110.28M	USD	1 Quarter
Net cash flows used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-103.45M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-654.00K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.02M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-6.93M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-2.77M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$294.75M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$269.64M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$276.58M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$291.99M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$294.75M	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`	$276.58M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$291.99M	USD	Point-in-time
Stock repurchases awaiting settlement	`StockRepurchasesAwaitingSettlement`	$7.33M	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`	$1.08B	USD	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$1.06B	USD	Point-in-time
Net income	`NetIncomeLoss`	$96.17M	USD	1 Quarter
Net income	`NetIncomeLoss`	$109.80M	USD	1 Quarter
Foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-1.90M	USD	1 Quarter
Foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$5.51M	USD	1 Quarter
Balance at end of period	`StockholdersEquity`	$1.08B	USD	Point-in-time
Balance at end of period	`StockholdersEquity`	$1.06B	USD	Point-in-time

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$96.17M	USD	1 Quarter
Net income	`NetIncomeLoss`	$109.80M	USD	1 Quarter
Foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-1.90M	USD	1 Quarter
Foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$5.51M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$107.90M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$101.67M	USD	1 Quarter

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