10-Q Filing

ASGN INC CIK: 890564 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0000890564-22-000012`
Period End Date	20220331
Filing Date	20220510
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	asgn-20220331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 46 Cash Flow Statement 60 Stockholders Equity 18

Balance Sheet 74 line items

Line Item	Tag	Value	Unit	Period
Preferred Stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred Stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred Stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	1.00M	shares	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
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$274.40M	USD	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$502.40M	USD	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$386.50M	USD	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$529.60M	USD	Point-in-time
Preferred Stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	51.80M	shares	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	51.30M	shares	Point-in-time
Accounts and Financing Receivable, after Allowance for Credit Loss, Current	`AccountsReceivableNetCurrent`	$708.20M	USD	Point-in-time
Accounts and Financing Receivable, after Allowance for Credit Loss, Current	`AccountsReceivableNetCurrent`	$775.80M	USD	Point-in-time
Common Stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Common Stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Prepaid expenses and income taxes	`PrepaidExpenseCurrent`	$17.80M	USD	Point-in-time
Prepaid expenses and income taxes	`PrepaidExpenseCurrent`	$41.20M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$16.40M	USD	Point-in-time
Common Stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$30.40M	USD	Point-in-time
Common Stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.31B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.31B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$58.60M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$55.00M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$53.70M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$57.10M	USD	Point-in-time
Identifiable intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$474.00M	USD	Point-in-time
Identifiable intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$487.90M	USD	Point-in-time
Goodwill	`Goodwill`	$1.57B	USD	Point-in-time
Goodwill	`Goodwill`	$1.57B	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$23.90M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$22.90M	USD	Point-in-time
Total assets	`Assets`	$3.49B	USD	Point-in-time
Total assets	`Assets`	$3.50B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$20.10M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$21.40M	USD	Point-in-time
Accrued payroll and contract professional pay	`EmployeeRelatedLiabilitiesCurrent`	$312.20M	USD	Point-in-time
Accrued payroll and contract professional pay	`EmployeeRelatedLiabilitiesCurrent`	$305.50M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$23.00M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$23.30M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$82.50M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$102.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$439.10M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$450.90M	USD	Point-in-time
Long-term debt	`LongTermDebt`	$1.03B	USD	Point-in-time
Long-term debt	`LongTermDebt`	$1.03B	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$40.20M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$36.70M	USD	Point-in-time
Deferred income tax liabilities	`DeferredIncomeTaxesAndOtherTaxLiabilitiesNoncurrent`	$89.00M	USD	Point-in-time
Deferred income tax liabilities	`DeferredIncomeTaxesAndOtherTaxLiabilitiesNoncurrent`	$89.00M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$23.00M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$23.40M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.62B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.64B	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred Stock, Value, Issued	`PreferredStockValue`	-	USD	Point-in-time
Preferred Stock, Value, Issued	`PreferredStockValue`	-	USD	Point-in-time
Common Stock, Value, Issued	`CommonStockValue`	$500.00K	USD	Point-in-time
Common Stock, Value, Issued	`CommonStockValue`	$500.00K	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapitalCommonStock`	$690.80M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapitalCommonStock`	$696.00M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.17B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.17B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-300.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-300.00K	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.59B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.87B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.87B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.65B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$3.50B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$3.49B	USD	Point-in-time

Income Statement 46 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$1.09B	USD	1 Quarter
Revenues	`Revenues`	$907.00M	USD	1 Quarter
Cost of services	`CostOfGoodsAndServicesSold`	$764.40M	USD	1 Quarter
Cost of services	`CostOfGoodsAndServicesSold`	$663.30M	USD	1 Quarter
Gross profit	`GrossProfit`	$243.70M	USD	1 Quarter
Gross profit	`GrossProfit`	$326.60M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$164.30M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$212.10M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$12.00M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$13.90M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$100.60M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$67.40M	USD	1 Quarter
Interest expense	`InterestExpense`	$9.20M	USD	1 Quarter
Interest expense	`InterestExpense`	$9.30M	USD	1 Quarter
Interest expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$91.30M	USD	1 Quarter
Interest expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$58.20M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$23.70M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$15.40M	USD	1 Quarter
Income from continuing operations, net of income taxes	`NetIncomeFromContinuingOperations`	$42.80M	USD	1 Quarter
Income from continuing operations, net of income taxes	`NetIncomeFromContinuingOperations`	$67.60M	USD	1 Quarter
Income from discontinued operations, net of income taxes	`NetIncomeFromDiscontinuedOperations`	$-800.00K	USD	1 Quarter
Income from discontinued operations, net of income taxes	`NetIncomeFromDiscontinuedOperations`	$5.90M	USD	1 Quarter
Net income	`NetIncomeLoss`	$48.70M	USD	1 Quarter
Net income	`NetIncomeLoss`	$66.80M	USD	1 Quarter
Earnings Per Share Basic Continuing Operation	`IncomeLossFromContinuingOperationsPerBasicShare`	$1.31	USD	1 Quarter
Earnings Per Share Basic Continuing Operation	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.81	USD	1 Quarter
Earnings Per Share Basic Discontinued Operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	$0.11	USD	1 Quarter
Earnings Per Share Basic Discontinued Operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	$-0.01	USD	1 Quarter
Basic earnings per share:	`EarningsPerShareBasic`	$0.92	USD	1 Quarter
Basic earnings per share:	`EarningsPerShareBasic`	$1.30	USD	1 Quarter
Earnings Per Share Diluted Continuing Operation	`IncomeLossFromContinuingOperationsPerDilutedShare`	$1.29	USD	1 Quarter
Earnings Per Share Diluted Continuing Operation	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.80	USD	1 Quarter
Earnings Per Share Diluted Discontinued Operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	$0.11	USD	1 Quarter
Earnings Per Share Diluted Discontinued Operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	$-0.01	USD	1 Quarter
Diluted earnings per share:	`EarningsPerShareDiluted`	$0.91	USD	1 Quarter
Diluted earnings per share:	`EarningsPerShareDiluted`	$1.28	USD	1 Quarter
Weighted-average number of common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	51.60M	shares	1 Quarter
Weighted-average number of common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	53.00M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	52.30M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	53.70M	shares	1 Quarter
Net income	`NetIncomeLoss`	$48.70M	USD	1 Quarter
Net income	`NetIncomeLoss`	$66.80M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-3.20M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	-	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$45.50M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$66.80M	USD	1 Quarter

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$48.70M	USD	1 Quarter
Net income	`NetIncomeLoss`	$66.80M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$22.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$20.10M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$10.30M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$12.80M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-1.00M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-2.80M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$67.70M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-30.30M	USD	1 Quarter
Prepaid expenses and income taxes	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-3.00M	USD	1 Quarter
Prepaid expenses and income taxes	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-23.10M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-10.00M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-500.00K	USD	1 Quarter
Accrued payroll and contract professional pay	`IncreaseDecreaseInAccruedSalaries`	$19.30M	USD	1 Quarter
Accrued payroll and contract professional pay	`IncreaseDecreaseInAccruedSalaries`	$6.60M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$9.90M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-1.00M	USD	1 Quarter
Other	`IncreaseDecreaseInOtherOperatingAssets`	$14.70M	USD	1 Quarter
Other	`IncreaseDecreaseInOtherOperatingAssets`	$7.00M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$56.00M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$119.80M	USD	1 Quarter
Cash paid for property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$9.30M	USD	1 Quarter
Cash paid for property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$9.60M	USD	1 Quarter
Cash received from sale of the Oxford business	`ProceedsFromDivestitureOfBusinesses`	$9.80M	USD	1 Quarter
Cash received from sale of the Oxford business	`ProceedsFromDivestitureOfBusinesses`	-	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$100.00K	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	-	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-9.40M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$200.00K	USD	1 Quarter
Proceeds from option exercises and employee stock purchase plan	`ProceedsFromIssuanceOrSaleOfEquity`	$7.70M	USD	1 Quarter
Proceeds from option exercises and employee stock purchase plan	`ProceedsFromIssuanceOrSaleOfEquity`	$10.40M	USD	1 Quarter
Payment of employment taxes related to release of restricted stock awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$4.80M	USD	1 Quarter
Payment of employment taxes related to release of restricted stock awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$8.80M	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$76.90M	USD	1 Quarter
Payment of contingent consideration	`ProceedsFromPaymentsForOtherFinancingActivities`	$-8.10M	USD	1 Quarter
Payment of contingent consideration	`ProceedsFromPaymentsForOtherFinancingActivities`	-	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.90M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-83.40M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-1.20M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$112.10M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-27.20M	USD	1 Quarter
Cash and cash equivalents at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$274.40M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$502.40M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$386.50M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$529.60M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$274.40M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$502.40M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$386.50M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$529.60M	USD	Point-in-time
Income taxes	`IncomeTaxesPaid`	$1.90M	USD	1 Quarter
Income taxes	`IncomeTaxesPaid`	$2.60M	USD	1 Quarter
Interest	`InterestPaidNet`	$2.40M	USD	1 Quarter
Interest	`InterestPaidNet`	$2.40M	USD	1 Quarter
Operating leases	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$8.80M	USD	1 Quarter
Operating leases	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$6.90M	USD	1 Quarter
Operating lease right of use assets obtained in exchange for operating lease liabilities	`OperatingLeaseRightOfUseAssetsObtainedInExchangeForOperatingLeaseLiabilities`	$300.00K	USD	1 Quarter
Operating lease right of use assets obtained in exchange for operating lease liabilities	`OperatingLeaseRightOfUseAssetsObtainedInExchangeForOperatingLeaseLiabilities`	$2.50M	USD	1 Quarter

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Total stockholders equity	`StockholdersEquity`	$1.59B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.87B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.87B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.65B	USD	Point-in-time
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$10.30M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$12.80M	USD	1 Quarter
Employee stock purchase plan, value	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$10.40M	USD	1 Quarter
Employee stock purchase plan, value	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$7.70M	USD	1 Quarter
Share-based Payment Arrangement, Decrease for Tax Withholding Obligation	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$8.80M	USD	1 Quarter
Share-based Payment Arrangement, Decrease for Tax Withholding Obligation	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$4.80M	USD	1 Quarter
Stock Repurchased and Retired During Period, Value	`StockRepurchasedAndRetiredDuringPeriodValue`	$77.40M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$3.20M	USD	1 Quarter
Net income	`NetIncomeLoss`	$48.70M	USD	1 Quarter
Net income	`NetIncomeLoss`	$66.80M	USD	1 Quarter
Total stockholders equity	`StockholdersEquity`	$1.59B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.87B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.87B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.65B	USD	Point-in-time

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