10-Q Filing

ASGN INC CIK: 890564 Q1 2020

Filing Information

Form Type	10-Q
Accession Number	`0000890564-20-000019`
Period End Date	20200331
Filing Date	20200511
Fiscal Year	2020
Fiscal Period	Q1
XBRL Instance	asgn2020033110-q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 78 Income Statement 34 Cash Flow Statement 64 Stockholders Equity 20

Balance Sheet 78 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$64.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$95.20M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$41.80M	USD	Point-in-time
Preferred Stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Preferred Stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$35.60M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$683.00M	USD	Point-in-time
Preferred Stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$648.70M	USD	Point-in-time
Preferred Stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preferred Stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred Stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Prepaid expenses and income taxes	`PrepaidExpenseCurrent`	$21.60M	USD	Point-in-time
Prepaid expenses and income taxes	`PrepaidExpenseCurrent`	$29.40M	USD	Point-in-time
Preferred Stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$21.10M	USD	Point-in-time
Preferred Stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$18.20M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$789.70M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$791.50M	USD	Point-in-time
Common Stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common Stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common Stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$73.70M	USD	Point-in-time
Common Stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$80.00M	USD	Point-in-time
Operating lease right of use assets	`OperatingLeaseRightOfUseAsset`	$95.40M	USD	Point-in-time
Common Stock, Shares	`CommonStockSharesIssued`	52.90M	shares	Point-in-time
Common Stock, Shares	`CommonStockSharesIssued`	52.40M	shares	Point-in-time
Operating lease right of use assets	`OperatingLeaseRightOfUseAsset`	$94.60M	USD	Point-in-time
Identifiable intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$476.50M	USD	Point-in-time
Common Stock: shares outstanding (in shares)	`CommonStockSharesOutstanding`	52.90M	shares	Point-in-time
Common Stock: shares outstanding (in shares)	`CommonStockSharesOutstanding`	52.40M	shares	Point-in-time
Identifiable intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$487.10M	USD	Point-in-time
Goodwill	`Goodwill`	$1.55B	USD	Point-in-time
Goodwill	`Goodwill`	$1.49B	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$18.20M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$18.30M	USD	Point-in-time
Total assets	`Assets`	$2.94B	USD	Point-in-time
Total assets	`Assets`	$3.02B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$39.20M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$33.70M	USD	Point-in-time
Accrued payroll and contract professional pay	`EmployeeRelatedLiabilitiesCurrent`	$215.50M	USD	Point-in-time
Accrued payroll and contract professional pay	`EmployeeRelatedLiabilitiesCurrent`	$203.20M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$27.10M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$25.80M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$84.90M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$72.70M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$361.20M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$340.90M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$1.03B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$1.07B	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$75.70M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$75.00M	USD	Point-in-time
Deferred income tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$98.70M	USD	Point-in-time
Deferred income tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$98.60M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$17.60M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$17.70M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.57B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.62B	USD	Point-in-time
Commitments and contingencies (Note 7)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 7)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred Stock, Value, $0.01 par value	`PreferredStockValue`	-	USD	Point-in-time
Preferred Stock, Value, $0.01 par value	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.01 par value	`CommonStockValue`	$500.00K	USD	Point-in-time
Common stock, $0.01 par value	`CommonStockValue`	$500.00K	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapitalCommonStock`	$638.00M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapitalCommonStock`	$638.70M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$769.80M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$744.70M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-7.00M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-9.50M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.18B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.38B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.40B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.23B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$3.02B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$2.94B	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$923.70M	USD	1 Quarter
Revenues	`Revenues`	$990.50M	USD	1 Quarter
Cost of services	`CostOfGoodsAndServicesSold`	$659.80M	USD	1 Quarter
Cost of services	`CostOfGoodsAndServicesSold`	$709.60M	USD	1 Quarter
Gross profit	`GrossProfit`	$263.90M	USD	1 Quarter
Gross profit	`GrossProfit`	$280.90M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$197.90M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$187.40M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$12.10M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$13.80M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$70.90M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$62.70M	USD	1 Quarter
Interest expense	`InterestExpense`	$11.40M	USD	1 Quarter
Interest expense	`InterestExpense`	$14.50M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$48.20M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$59.50M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$13.30M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$15.70M	USD	1 Quarter
Net income	`NetIncomeLoss`	$34.90M	USD	1 Quarter
Net income	`NetIncomeLoss`	$43.80M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.66	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.83	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.66	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.82	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	52.60M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	52.80M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	53.30M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	53.20M	shares	1 Quarter
Net income	`NetIncomeLoss`	$34.90M	USD	1 Quarter
Net income	`NetIncomeLoss`	$43.80M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-2.50M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-1.10M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$33.80M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$41.30M	USD	1 Quarter

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$34.90M	USD	1 Quarter
Net income	`NetIncomeLoss`	$43.80M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$21.40M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$23.50M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$8.70M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$9.50M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-2.70M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-1.70M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$30.50M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-4.60M	USD	1 Quarter
Prepaid expenses and income taxes	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$6.90M	USD	1 Quarter
Prepaid expenses and income taxes	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-7.90M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-3.90M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-17.30M	USD	1 Quarter
Accrued payroll and contract professional pay	`IncreaseDecreaseInAccruedSalaries`	$-7.80M	USD	1 Quarter
Accrued payroll and contract professional pay	`IncreaseDecreaseInAccruedSalaries`	$9.10M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$12.30M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$5.70M	USD	1 Quarter
Operating lease right of use assets	`IncreaseDecreaseInOperatingRightofUseAsset`	$6.80M	USD	1 Quarter
Operating lease right of use assets	`IncreaseDecreaseInOperatingRightofUseAsset`	$-7.20M	USD	1 Quarter
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$6.80M	USD	1 Quarter
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$-7.40M	USD	1 Quarter
Other	`IncreaseDecreaseInOtherOperatingAssets`	$-400.00K	USD	1 Quarter
Other	`IncreaseDecreaseInOtherOperatingAssets`	$11.50M	USD	1 Quarter
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$64.10M	USD	1 Quarter
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$44.00M	USD	1 Quarter
Cash paid for property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$15.30M	USD	1 Quarter
Cash paid for property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$7.50M	USD	1 Quarter
Cash paid for acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$48.80M	USD	1 Quarter
Cash paid for acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$85.50M	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$700.00K	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$200.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-101.00M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-57.00M	USD	1 Quarter
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$44.00M	USD	1 Quarter
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$65.50M	USD	1 Quarter
Principal payments of long-term debt	`RepaymentsOfLongTermDebt`	$38.00M	USD	1 Quarter
Principal payments of long-term debt	`RepaymentsOfLongTermDebt`	$32.50M	USD	1 Quarter
Proceeds from option exercises and employee stock purchase plan	`ProceedsFromIssuanceOrSaleOfEquity`	$5.90M	USD	1 Quarter
Proceeds from option exercises and employee stock purchase plan	`ProceedsFromIssuanceOrSaleOfEquity`	$6.90M	USD	1 Quarter
Payment of employment taxes related to release of restricted stock awards	`PaymentsForOtherTaxes`	$4.90M	USD	1 Quarter
Payment of employment taxes related to release of restricted stock awards	`PaymentsForOtherTaxes`	$5.50M	USD	1 Quarter
Payments for Repurchase of Common Stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Payments for Repurchase of Common Stock	`PaymentsForRepurchaseOfCommonStock`	$27.90M	USD	1 Quarter
Net Cash provided by (used in) Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$7.40M	USD	1 Quarter
Net Cash provided by (used in) Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$6.10M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-400.00K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-600.00K	USD	1 Quarter
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-31.20M	USD	1 Quarter
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-6.20M	USD	1 Quarter
Cash and Cash Equivalents at Beginning of Year	`CashAndCashEquivalentsAtCarryingValue`	$64.00M	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Year	`CashAndCashEquivalentsAtCarryingValue`	$95.20M	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Year	`CashAndCashEquivalentsAtCarryingValue`	$41.80M	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Year	`CashAndCashEquivalentsAtCarryingValue`	$35.60M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$64.00M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$95.20M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$41.80M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$35.60M	USD	Point-in-time
Income taxes	`IncomeTaxesPaidNet`	$1.60M	USD	1 Quarter
Income taxes	`IncomeTaxesPaidNet`	$1.20M	USD	1 Quarter
Interest	`InterestPaidNet`	$4.70M	USD	1 Quarter
Interest	`InterestPaidNet`	$12.80M	USD	1 Quarter
Unpaid portion of additions to property and equipment	`CapitalExpendituresIncurredButNotYetPaid`	$1.20M	USD	1 Quarter
Unpaid portion of additions to property and equipment	`CapitalExpendituresIncurredButNotYetPaid`	$3.60M	USD	1 Quarter

Stockholders Equity 20 line items

Line Item	Tag	Value	Unit	Period
Total stockholders equity	`StockholdersEquity`	$1.18B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.38B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.40B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.23B	USD	Point-in-time
Vesting of restricted stock units, value	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$-5.50M	USD	1 Quarter
Vesting of restricted stock units, value	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$-4.90M	USD	1 Quarter
Employee stock purchase plan, value	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$5.90M	USD	1 Quarter
Employee stock purchase plan, value	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$6.90M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$8.90M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$10.00M	USD	1 Quarter
Stock Repurchased and Retired During Period, Shares	`StockRepurchasedAndRetiredDuringPeriodShares`	800,000.00	shares	1 Quarter
Stock Repurchased and Retired During Period, Value	`StockRepurchasedAndRetiredDuringPeriodValue`	$27.90M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-1.10M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-2.50M	USD	1 Quarter
Net income	`NetIncomeLoss`	$34.90M	USD	1 Quarter
Net income	`NetIncomeLoss`	$43.80M	USD	1 Quarter
Total stockholders equity	`StockholdersEquity`	$1.18B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.38B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.40B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.23B	USD	Point-in-time

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